Recommendation: ST
Current Price: $7.90
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 | 0.18 | 7.90 | 8 (2026-05-22) | 69.82% | 2.40% | 1.69x |
| WEN | 7.5 | 0.08 | 7.90 | 3 (2026-05-15) | 76.94% | 1.07% | 1.51x |
| WEN | 6.0 | 0.05 | 7.90 | 3 (2026-05-15) | 93.15% | 0.83% | 1.48x |
| WEN | 7.5 | 0.2 | 7.90 | 13 (2026-05-29) | 69.23% | 2.67% | 1.43x |
| WEN | 7.0 | 0.05 | 7.90 | 3 (2026-05-15) | 88.34% | 0.71% | 1.37x |
| WEN | 7.0 | 0.19 | 7.90 | 18 (2026-06-05) | 77.99% | 2.71% | 1.34x |
| WEN | 7.0 | 0.26 | 7.90 | 27 (2026-06-18) | 75.52% | 3.71% | 1.29x |
| WEN | 6.5 | 0.09 | 7.90 | 13 (2026-05-29) | 88.36% | 1.38% | 1.27x |
| WEN | 7.0 | 0.05 | 7.90 | 8 (2026-05-22) | 88.80% | 0.71% | 1.22x |
| WEN | 6.5 | 0.16 | 7.90 | 33 (2026-06-26) | 84.39% | 2.46% | 1.17x |
| WEN | 7.0 | 0.45 | 7.90 | 73 (2026-08-21) | 71.89% | 6.43% | 1.17x |
| WEN | 6.5 | 0.03 | 7.90 | 8 (2026-05-22) | 93.76% | 0.46% | 1.15x |
| WEN | 7.0 | 0.05 | 7.90 | 13 (2026-05-29) | 89.01% | 0.71% | 1.13x |
| WEN | 7.0 | 0.6 | 7.90 | 138 (2026-11-20) | 70.51% | 8.57% | 1.11x |
| WEN | 6.0 | 0.2 | 7.90 | 73 (2026-08-21) | 87.10% | 3.33% | 1.10x |
| WEN | 6.5 | 0.05 | 7.90 | 18 (2026-06-05) | 91.92% | 0.77% | 1.10x |
| WEN | 7.0 | 0.7 | 7.90 | 178 (2027-01-15) | 69.86% | 10.00% | 1.10x |
| WEN | 6.0 | 0.5 | 7.90 | 178 (2027-01-15) | 80.50% | 8.33% | 1.10x |
| WEN | 6.0 | 0.31 | 7.90 | 138 (2026-11-20) | 83.00% | 5.17% | 1.08x |
| WEN | 6.5 | 0.01 | 7.90 | 3 (2026-05-15) | 96.24% | 0.15% | 1.08x |
| WEN | 6.0 | 0.05 | 7.90 | 27 (2026-06-18) | 92.89% | 0.83% | 1.07x |
| WEN | 5.5 | 0.01 | 7.90 | 8 (2026-05-22) | 97.98% | 0.18% | 1.06x |
| WEN | 3.0 | 0.05 | 7.90 | 178 (2027-01-15) | 97.64% | 1.67% | 1.02x |