Recommendation: NO
Current Price: $54.17
Total Wheels: 14
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 |
|---|---|---|---|---|---|---|---|
| SVXY | 46.0 | 0.63 | 54.17 | 14 (2026-02-20) | 86.56% | 1.37% | 1.24x |
| SVXY | 53.0 | 1.85 | 54.17 | 34 (2026-03-20) | 60.18% | 3.49% | 1.17x |