Recommendation: NO
Current Price: $295.42
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 |
|---|---|---|---|---|---|---|---|
| SPXL | 295.0 | 5.3 | 295.42 | 7 (2026-08-21) | 52.30% | 1.80% | 1.40x |
| SPXL | 290.0 | 3.45 | 295.42 | 7 (2026-08-21) | 65.63% | 1.19% | 1.32x |
| SPXL | 290.0 | 9.27 | 295.42 | 17 (2026-09-04) | 59.40% | 3.20% | 1.32x |
| SPXL | 295.0 | 2.59 | 295.42 | 2 (2026-08-14) | 52.95% | 0.88% | 1.26x |
| SPXL | 285.0 | 4.5 | 295.42 | 12 (2026-08-28) | 69.64% | 1.58% | 1.26x |
| SPXL | 290.0 | 11.55 | 295.42 | 27 (2026-09-18) | 58.67% | 3.98% | 1.24x |
| SPXL | 290.0 | 1.45 | 295.42 | 2 (2026-08-14) | 73.58% | 0.50% | 1.20x |
| SPXL | 292.5 | 1.5 | 295.42 | 2 (2026-08-14) | 67.12% | 0.51% | 1.19x |
| SPXL | 280.0 | 1.5 | 295.42 | 7 (2026-08-21) | 83.54% | 0.54% | 1.17x |
| SPXL | 275.0 | 12.1 | 295.42 | 47 (2026-10-16) | 68.73% | 4.40% | 1.17x |
| SPXL | 270.0 | 4.7 | 295.42 | 22 (2026-09-11) | 78.68% | 1.74% | 1.17x |
| SPXL | 270.0 | 5.9 | 295.42 | 27 (2026-09-18) | 76.78% | 2.19% | 1.17x |
| SPXL | 260.0 | 8.88 | 295.42 | 47 (2026-10-16) | 76.98% | 3.42% | 1.15x |
| SPXL | 255.0 | 4.56 | 295.42 | 27 (2026-09-18) | 83.63% | 1.79% | 1.15x |
| SPXL | 260.0 | 4.51 | 295.42 | 27 (2026-09-18) | 82.42% | 1.73% | 1.14x |
| SPXL | 265.0 | 23.2 | 295.42 | 112 (2027-01-15) | 69.26% | 8.75% | 1.14x |
| SPXL | 275.0 | 1.0 | 295.42 | 7 (2026-08-21) | 88.70% | 0.36% | 1.12x |
| SPXL | 287.5 | 0.75 | 295.42 | 2 (2026-08-14) | 83.42% | 0.26% | 1.12x |
| SPXL | 285.0 | 0.43 | 295.42 | 2 (2026-08-14) | 89.58% | 0.15% | 1.07x |
| SPXL | 282.5 | 0.3 | 295.42 | 2 (2026-08-14) | 92.27% | 0.11% | 1.05x |
| SPXL | 280.0 | 0.2 | 295.42 | 2 (2026-08-14) | 95.57% | 0.07% | 1.03x |
| SPXL | 275.0 | 0.13 | 295.42 | 2 (2026-08-14) | 97.06% | 0.05% | 1.02x |