Recommendation: NO
Current Price: $40.70
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 | 38.5 | 0.93 | 40.70 | 4 (2025-06-27) | 70.53% | 2.42% | 2.34x |
| SVXY | 39.0 | 0.41 | 40.70 | 4 (2025-06-27) | 75.23% | 1.05% | 1.49x |
| SVXY | 40.0 | 0.8 | 40.70 | 8 (2025-07-03) | 61.33% | 2.00% | 1.47x |
| SVXY | 40.0 | 0.38 | 40.70 | 4 (2025-06-27) | 66.91% | 0.95% | 1.38x |
| SVXY | 38.0 | 0.65 | 40.70 | 14 (2025-07-11) | 75.91% | 1.71% | 1.26x |
| SVXY | 38.0 | 0.2 | 40.70 | 4 (2025-06-27) | 86.07% | 0.53% | 1.26x |
| SVXY | 40.0 | 2.6 | 40.70 | 64 (2025-09-19) | 57.76% | 6.50% | 1.16x |
| SVXY | 36.0 | 0.18 | 40.70 | 8 (2025-07-03) | 90.62% | 0.50% | 1.15x |
| SVXY | 35.0 | 0.94 | 40.70 | 39 (2025-08-15) | 80.77% | 2.69% | 1.15x |
| SVXY | 36.0 | 0.42 | 40.70 | 19 (2025-07-18) | 85.13% | 1.17% | 1.14x |
| SVXY | 25.0 | 0.28 | 40.70 | 24 (2025-07-25) | 95.38% | 1.12% | 1.12x |
| SVXY | 40.0 | 3.6 | 40.70 | 149 (2026-01-16) | 58.34% | 9.00% | 1.09x |