Recommendation: NO
Current Price: $134.23
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 | 134.0 | 3.66 | 134.23 | 4 (2025-05-09) | 52.44% | 2.73% | 2.05x |
| SPXL | 133.0 | 3.35 | 134.23 | 4 (2025-05-09) | 56.48% | 2.52% | 2.04x |
| SPXL | 131.0 | 2.3 | 134.23 | 4 (2025-05-09) | 65.05% | 1.76% | 1.77x |
| SPXL | 130.0 | 2.15 | 134.23 | 4 (2025-05-09) | 68.08% | 1.65% | 1.76x |
| SPXL | 132.0 | 2.1 | 134.23 | 4 (2025-05-09) | 62.50% | 1.59% | 1.65x |
| SPXL | 128.0 | 3.26 | 134.23 | 9 (2025-05-16) | 68.49% | 2.55% | 1.62x |
| SPXL | 128.0 | 1.45 | 134.23 | 4 (2025-05-09) | 75.64% | 1.13% | 1.54x |
| SPXL | 125.0 | 2.5 | 134.23 | 9 (2025-05-16) | 74.91% | 2.00% | 1.52x |
| SPXL | 127.0 | 4.2 | 134.23 | 14 (2025-05-23) | 68.05% | 3.31% | 1.49x |
| SPXL | 129.0 | 1.37 | 134.23 | 4 (2025-05-09) | 74.32% | 1.06% | 1.49x |
| SPXL | 127.0 | 1.25 | 134.23 | 4 (2025-05-09) | 78.54% | 0.98% | 1.47x |
| SPXL | 130.0 | 6.04 | 134.23 | 19 (2025-05-30) | 61.41% | 4.65% | 1.45x |
| SPXL | 125.0 | 4.9 | 134.23 | 19 (2025-05-30) | 69.44% | 3.92% | 1.43x |
| SPXL | 126.0 | 1.05 | 134.23 | 4 (2025-05-09) | 81.39% | 0.83% | 1.41x |
| SPXL | 125.0 | 1.02 | 134.23 | 4 (2025-05-09) | 82.71% | 0.82% | 1.40x |
| SPXL | 133.0 | 9.7 | 134.23 | 34 (2025-06-20) | 55.94% | 7.29% | 1.35x |
| SPXL | 130.0 | 8.6 | 134.23 | 34 (2025-06-20) | 60.41% | 6.62% | 1.34x |
| SPXL | 129.0 | 8.3 | 134.23 | 34 (2025-06-20) | 61.81% | 6.43% | 1.34x |
| SPXL | 125.0 | 7.37 | 134.23 | 34 (2025-06-20) | 66.87% | 5.90% | 1.33x |
| SPXL | 128.0 | 7.9 | 134.23 | 34 (2025-06-20) | 63.25% | 6.17% | 1.33x |
| SPXL | 134.0 | 14.1 | 134.23 | 54 (2025-07-18) | 55.81% | 10.52% | 1.31x |
| SPXL | 130.0 | 11.42 | 134.23 | 54 (2025-07-18) | 60.21% | 8.78% | 1.27x |
| SPXL | 127.0 | 10.45 | 134.23 | 54 (2025-07-18) | 63.55% | 8.23% | 1.27x |
| SPXL | 130.0 | 18.63 | 134.23 | 119 (2025-10-17) | 61.33% | 14.33% | 1.20x |
| SPXL | 125.0 | 16.27 | 134.23 | 119 (2025-10-17) | 65.04% | 13.02% | 1.19x |
| SPXL | 125.0 | 22.7 | 134.23 | 184 (2026-01-16) | 65.93% | 18.16% | 1.17x |
| SPXL | 124.0 | 19.35 | 134.23 | 184 (2026-01-16) | 66.11% | 15.60% | 1.14x |
| SPXL | 123.0 | 19.0 | 134.23 | 184 (2026-01-16) | 66.75% | 15.45% | 1.14x |