Recommendation: ST
Current Price: $7.80
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 | 7.5 | 0.3 | 7.80 | 4 (2026-07-02) | 64.28% | 4.00% | 3.59x |
| WEN | 7.5 | 0.55 | 7.80 | 15 (2026-07-17) | 61.35% | 7.33% | 2.09x |
| WEN | 7.0 | 0.45 | 7.80 | 25 (2026-07-31) | 70.54% | 6.43% | 1.56x |
| WEN | 4.5 | 0.04 | 7.80 | 4 (2026-07-02) | 96.75% | 0.89% | 1.54x |
| WEN | 6.5 | 0.2 | 7.80 | 15 (2026-07-17) | 80.17% | 3.08% | 1.51x |
| WEN | 6.5 | 0.05 | 7.80 | 4 (2026-07-02) | 90.54% | 0.77% | 1.42x |
| WEN | 6.5 | 0.2 | 7.80 | 20 (2026-07-24) | 82.72% | 3.08% | 1.37x |
| WEN | 4.0 | 0.05 | 7.80 | 10 (2026-07-10) | 96.57% | 1.25% | 1.35x |
| WEN | 5.0 | 0.03 | 7.80 | 4 (2026-07-02) | 96.64% | 0.60% | 1.34x |
| WEN | 3.0 | 0.05 | 7.80 | 15 (2026-07-17) | 97.51% | 1.67% | 1.31x |
| WEN | 5.5 | 0.12 | 7.80 | 20 (2026-07-24) | 90.50% | 2.18% | 1.28x |
| WEN | 3.0 | 0.03 | 7.80 | 10 (2026-07-10) | 98.24% | 1.00% | 1.28x |
| WEN | 6.0 | 0.1 | 7.80 | 15 (2026-07-17) | 87.77% | 1.67% | 1.28x |
| WEN | 6.0 | 0.03 | 7.80 | 4 (2026-07-02) | 95.41% | 0.50% | 1.27x |
| WEN | 6.0 | 0.25 | 7.80 | 40 (2026-08-21) | 83.72% | 4.17% | 1.24x |
| WEN | 7.0 | 0.9 | 7.80 | 105 (2026-11-20) | 68.25% | 12.86% | 1.22x |
| WEN | 5.5 | 0.12 | 7.80 | 25 (2026-07-31) | 90.52% | 2.18% | 1.22x |
| WEN | 5.5 | 0.02 | 7.80 | 4 (2026-07-02) | 96.99% | 0.36% | 1.19x |
| WEN | 5.5 | 0.04 | 7.80 | 10 (2026-07-10) | 94.72% | 0.73% | 1.19x |
| WEN | 5.0 | 0.07 | 7.80 | 20 (2026-07-24) | 94.38% | 1.40% | 1.18x |
| WEN | 4.0 | 0.03 | 7.80 | 15 (2026-07-17) | 97.43% | 0.75% | 1.13x |
| WEN | 4.0 | 0.05 | 7.80 | 25 (2026-07-31) | 96.71% | 1.25% | 1.13x |
| WEN | 4.5 | 0.05 | 7.80 | 25 (2026-07-31) | 96.06% | 1.11% | 1.11x |
| WEN | 5.0 | 0.03 | 7.80 | 15 (2026-07-17) | 97.02% | 0.60% | 1.10x |
| WEN | 4.0 | 0.03 | 7.80 | 20 (2026-07-24) | 97.78% | 0.75% | 1.10x |
| WEN | 5.0 | 0.2 | 7.80 | 105 (2026-11-20) | 89.93% | 4.00% | 1.09x |
| WEN | 3.0 | 0.03 | 7.80 | 40 (2026-08-21) | 98.25% | 1.00% | 1.06x |
| WEN | 2.0 | 0.05 | 7.80 | 105 (2026-11-20) | 98.26% | 2.50% | 1.06x |
| WEN | 3.0 | 0.05 | 7.80 | 105 (2026-11-20) | 97.60% | 1.67% | 1.04x |