Recommendation: ST
Current Price: $12.31
Total Wheels: 1
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 |
|---|---|---|---|---|---|---|---|
| WEN | 12.0 | 0.56 | 12.31 | 39 (2025-08-15) E | 60.04% | 4.67% | 1.20x |
| WEN | 12.0 | 0.25 | 12.31 | 19 (2025-07-18) | 64.23% | 2.08% | 1.19x |
| WEN | 12.0 | 1.05 | 12.31 | 109 (2025-11-21) E | 59.44% | 8.75% | 1.12x |
| WEN | 11.0 | 0.64 | 12.31 | 109 (2025-11-21) E | 71.76% | 5.82% | 1.10x |
| WEN | 11.0 | 0.2 | 12.31 | 39 (2025-08-15) E | 79.33% | 1.82% | 1.10x |
| WEN | 11.0 | 0.08 | 12.31 | 19 (2025-07-18) | 87.58% | 0.73% | 1.09x |
| WEN | 11.0 | 0.77 | 12.31 | 149 (2026-01-16) E | 70.78% | 7.00% | 1.09x |
| WEN | 9.0 | 0.3 | 12.31 | 109 (2025-11-21) E | 86.36% | 3.33% | 1.07x |
| WEN | 10.0 | 0.49 | 12.31 | 149 (2026-01-16) E | 80.12% | 4.90% | 1.07x |
| WEN | 10.0 | 0.1 | 12.31 | 39 (2025-08-15) E | 92.51% | 1.00% | 1.06x |
| WEN | 10.0 | 1.3 | 12.31 | 409 (2027-01-15) E | 75.06% | 13.00% | 1.06x |
| WEN | 10.0 | 0.03 | 12.31 | 19 (2025-07-18) | 95.84% | 0.30% | 1.04x |