Recommendation: NO
Current Price: $18.97
Total Wheels: 3
EditTypically you want to choose options that have a higher than 70% chance of being out of the money, since then you only have a 30% chance of actually acquiring the stock. Beyond that maximumizing the annualized rate of return is a good idea.
Annualized rate of return is computed fairly bullish as (max_return * odds + (1 - odds)) ^ (252 / calendar_days). This assumes that if you accidently acquire the stock you will be able to do something such that effectively get you a 1x return immediately.
| Ticker | Strike | Premium | Ticker Price | Calendar Days To Expiration | Odds Out Of The Money % | Maximum Return % | Annualized Rate Of Return |
|---|---|---|---|---|---|---|---|
| LI | 18.0 | 0.83 | 18.97 | 30 (2026-03-20) | 65.45% | 4.61% | 1.28x |
| LI | 15.0 | 0.34 | 18.97 | 20 (2026-03-06) | 86.63% | 2.27% | 1.28x |
| LI | 17.0 | 0.52 | 18.97 | 30 (2026-03-20) | 76.12% | 3.06% | 1.21x |
| LI | 18.0 | 1.63 | 18.97 | 94 (2026-06-18) | 63.14% | 9.06% | 1.16x |
| LI | 16.5 | 0.05 | 18.97 | 5 (2026-02-13) | 93.78% | 0.30% | 1.15x |
| LI | 16.0 | 0.3 | 18.97 | 30 (2026-03-20) | 85.19% | 1.87% | 1.14x |
| LI | 15.0 | 0.66 | 18.97 | 94 (2026-06-18) | 82.15% | 4.40% | 1.10x |
| LI | 12.0 | 0.1 | 18.97 | 30 (2026-03-20) | 96.72% | 0.83% | 1.07x |
| LI | 16.0 | 0.04 | 18.97 | 10 (2026-02-20) | 95.55% | 0.25% | 1.06x |
| LI | 13.0 | 0.91 | 18.97 | 245 (2027-01-15) | 84.95% | 7.00% | 1.06x |
| LI | 3.0 | 0.02 | 18.97 | 245 (2027-01-15) | 99.67% | 0.67% | 1.01x |