Recommendation: NO
Current Price: $159.97
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 |
|---|---|---|---|---|---|---|---|
| SPXL | 159.0 | 3.6 | 159.97 | 4 (2025-06-27) | 55.15% | 2.26% | 1.87x |
| SPXL | 157.0 | 2.55 | 159.97 | 4 (2025-06-27) | 63.27% | 1.62% | 1.67x |
| SPXL | 154.0 | 9.75 | 159.97 | 19 (2025-07-18) | 61.50% | 6.33% | 1.66x |
| SPXL | 158.0 | 4.4 | 159.97 | 8 (2025-07-03) | 57.63% | 2.78% | 1.65x |
| SPXL | 156.0 | 4.0 | 159.97 | 8 (2025-07-03) | 62.56% | 2.56% | 1.65x |
| SPXL | 158.0 | 2.5 | 159.97 | 4 (2025-06-27) | 60.32% | 1.58% | 1.61x |
| SPXL | 155.0 | 3.54 | 159.97 | 8 (2025-07-03) | 65.38% | 2.28% | 1.60x |
| SPXL | 154.0 | 3.25 | 159.97 | 8 (2025-07-03) | 67.79% | 2.11% | 1.56x |
| SPXL | 156.0 | 2.0 | 159.97 | 4 (2025-06-27) | 68.06% | 1.28% | 1.55x |
| SPXL | 154.0 | 1.8 | 159.97 | 4 (2025-06-27) | 73.10% | 1.17% | 1.54x |
| SPXL | 155.0 | 1.65 | 159.97 | 4 (2025-06-27) | 71.89% | 1.06% | 1.47x |
| SPXL | 153.0 | 1.5 | 159.97 | 4 (2025-06-27) | 76.28% | 0.98% | 1.46x |
| SPXL | 155.0 | 6.14 | 159.97 | 19 (2025-07-18) | 62.02% | 3.96% | 1.38x |
| SPXL | 152.0 | 1.2 | 159.97 | 4 (2025-06-27) | 79.95% | 0.79% | 1.37x |
| SPXL | 152.0 | 5.04 | 159.97 | 19 (2025-07-18) | 67.26% | 3.32% | 1.34x |
| SPXL | 150.0 | 4.73 | 159.97 | 19 (2025-07-18) | 69.97% | 3.15% | 1.34x |
| SPXL | 155.0 | 11.8 | 159.97 | 39 (2025-08-15) | 60.15% | 7.61% | 1.34x |
| SPXL | 151.0 | 1.0 | 159.97 | 4 (2025-06-27) | 82.74% | 0.66% | 1.32x |
| SPXL | 140.0 | 5.3 | 159.97 | 29 (2025-08-01) | 76.59% | 3.79% | 1.28x |
| SPXL | 150.0 | 0.85 | 159.97 | 4 (2025-06-27) | 84.74% | 0.57% | 1.27x |
| SPXL | 130.0 | 3.96 | 159.97 | 29 (2025-08-01) | 83.28% | 3.05% | 1.24x |
| SPXL | 151.0 | 17.62 | 159.97 | 84 (2025-10-17) | 63.55% | 11.67% | 1.24x |
| SPXL | 155.0 | 15.32 | 159.97 | 84 (2025-10-17) | 60.31% | 9.88% | 1.19x |
| SPXL | 159.0 | 21.83 | 159.97 | 149 (2026-01-16) | 58.22% | 13.73% | 1.14x |