Recommendation: NO
Current Price: $284.66
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 | 282.5 | 4.42 | 284.66 | 5 (2026-10-02) | 57.34% | 1.56% | 1.57x |
| SPXL | 280.0 | 3.4 | 284.66 | 5 (2026-10-02) | 64.46% | 1.21% | 1.48x |
| SPXL | 277.5 | 13.75 | 284.66 | 25 (2026-10-30) | 59.76% | 4.95% | 1.34x |
| SPXL | 275.0 | 1.95 | 284.66 | 5 (2026-10-02) | 76.72% | 0.71% | 1.31x |
| SPXL | 277.5 | 2.0 | 284.66 | 5 (2026-10-02) | 73.46% | 0.72% | 1.30x |
| SPXL | 275.0 | 6.49 | 284.66 | 15 (2026-10-16) | 66.02% | 2.36% | 1.30x |
| SPXL | 275.0 | 4.0 | 284.66 | 10 (2026-10-09) | 70.02% | 1.45% | 1.29x |
| SPXL | 272.5 | 1.55 | 284.66 | 5 (2026-10-02) | 81.11% | 0.57% | 1.26x |
| SPXL | 270.0 | 4.8 | 284.66 | 15 (2026-10-16) | 72.67% | 1.78% | 1.24x |
| SPXL | 270.0 | 2.75 | 284.66 | 10 (2026-10-09) | 77.79% | 1.02% | 1.22x |
| SPXL | 270.0 | 1.2 | 284.66 | 5 (2026-10-02) | 84.96% | 0.44% | 1.21x |
| SPXL | 235.0 | 5.4 | 284.66 | 40 (2026-11-20) | 84.53% | 2.30% | 1.13x |
| SPXL | 262.5 | 1.43 | 284.66 | 10 (2026-10-09) | 87.00% | 0.54% | 1.13x |
| SPXL | 265.0 | 0.65 | 284.66 | 5 (2026-10-02) | 91.11% | 0.25% | 1.12x |
| SPXL | 250.0 | 18.2 | 284.66 | 125 (2027-03-19) | 72.02% | 7.28% | 1.11x |
| SPXL | 260.0 | 0.42 | 284.66 | 5 (2026-10-02) | 94.28% | 0.16% | 1.08x |