Recommendation: NO
Current Price: $38.17
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 | 38.0 | 0.65 | 38.17 | 9 (2025-05-16) | 54.84% | 1.71% | 1.30x |
| SVXY | 37.0 | 0.47 | 38.17 | 9 (2025-05-16) | 70.21% | 1.27% | 1.28x |
| SVXY | 37.0 | 0.2 | 38.17 | 4 (2025-05-09) | 78.36% | 0.54% | 1.24x |
| SVXY | 37.5 | 0.2 | 38.17 | 4 (2025-05-09) | 71.26% | 0.53% | 1.21x |
| SVXY | 34.0 | 1.08 | 38.17 | 34 (2025-06-20) | 76.40% | 3.18% | 1.19x |
| SVXY | 35.0 | 0.2 | 38.17 | 9 (2025-05-16) | 88.84% | 0.57% | 1.15x |
| SVXY | 33.5 | 0.78 | 38.17 | 34 (2025-06-20) | 80.31% | 2.33% | 1.15x |
| SVXY | 35.0 | 0.1 | 38.17 | 4 (2025-05-09) | 91.30% | 0.29% | 1.14x |
| SVXY | 36.0 | 5.5 | 38.17 | 184 (2026-01-16) | 64.30% | 15.28% | 1.14x |
| SVXY | 35.5 | 4.39 | 38.17 | 184 (2026-01-16) | 65.32% | 12.37% | 1.11x |
| SVXY | 34.0 | 0.12 | 38.17 | 9 (2025-05-16) | 92.17% | 0.35% | 1.10x |
| SVXY | 37.5 | 4.2 | 38.17 | 184 (2026-01-16) | 58.98% | 11.20% | 1.09x |
| SVXY | 25.0 | 0.94 | 38.17 | 99 (2025-09-19) | 89.44% | 3.76% | 1.09x |
| SVXY | 33.0 | 0.1 | 38.17 | 9 (2025-05-16) | 93.76% | 0.30% | 1.08x |
| SVXY | 30.0 | 0.05 | 38.17 | 9 (2025-05-16) | 97.36% | 0.17% | 1.05x |
| SVXY | 20.0 | 0.25 | 38.17 | 99 (2025-09-19) | 96.46% | 1.25% | 1.03x |