Recommendation: NO
Current Price: $14.84
Total Wheels: 9
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 |
|---|---|---|---|---|---|---|---|
| FIGS | 7.5 | 0.55 | 14.84 | 111 (2027-01-15) | 91.23% | 7.33% | 1.16x |
| FIGS | 12.5 | 0.04 | 14.84 | 6 (2026-08-21) | 94.67% | 0.32% | 1.14x |
| FIGS | 10.0 | 0.6 | 14.84 | 111 (2027-01-15) | 85.91% | 6.00% | 1.12x |
| FIGS | 5.0 | 0.05 | 14.84 | 46 (2026-10-16) | 98.61% | 1.00% | 1.06x |
| FIGS | 5.0 | 0.05 | 14.84 | 111 (2027-01-15) | 98.71% | 1.00% | 1.02x |
| FIGS | 7.5 | 0.02 | 14.84 | 46 (2026-10-16) | 98.94% | 0.27% | 1.01x |