Recommendation: NO
Current Price: $51.39
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 | 49.0 | 1.05 | 51.39 | 27 (2026-06-18) | 70.08% | 2.14% | 1.15x |
| SVXY | 47.0 | 0.7 | 51.39 | 27 (2026-06-18) | 79.64% | 1.49% | 1.12x |
| SVXY | 46.0 | 0.6 | 51.39 | 27 (2026-06-18) | 83.50% | 1.30% | 1.11x |
| SVXY | 45.0 | 0.05 | 51.39 | 3 (2026-05-15) | 96.59% | 0.11% | 1.06x |
| SVXY | 40.0 | 6.8 | 51.39 | 678 (2028-12-15) | 76.93% | 17.00% | 1.05x |