Recommendation: NO
Current Price: $14.70
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 | 0.39 | 14.70 | 35 (2026-05-15) | 92.41% | 5.20% | 1.40x |
| FIGS | 12.5 | 1.35 | 14.70 | 145 (2026-10-16) | 72.63% | 10.80% | 1.14x |
| FIGS | 10.0 | 0.08 | 14.70 | 15 (2026-04-17) | 95.26% | 0.80% | 1.14x |