Recommendation: NO
Current Price: $10.13
Total Wheels: 3
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 |
|---|---|---|---|---|---|---|---|
| KODK | 10.0 | 0.2 | 10.13 | 7 (2026-08-21) | 59.27% | 2.00% | 1.53x |
| KODK | 5.0 | 0.05 | 10.13 | 7 (2026-08-21) | 97.28% | 1.00% | 1.42x |
| KODK | 9.0 | 0.1 | 10.13 | 7 (2026-08-21) | 83.58% | 1.11% | 1.39x |
| KODK | 7.5 | 0.55 | 10.13 | 47 (2026-10-16) | 81.81% | 7.33% | 1.37x |
| KODK | 9.0 | 1.2 | 10.13 | 112 (2027-01-15) | 68.94% | 13.33% | 1.22x |
| KODK | 6.0 | 0.02 | 10.13 | 7 (2026-08-21) | 98.41% | 0.33% | 1.13x |
| KODK | 2.5 | 0.05 | 10.13 | 112 (2027-01-15) | 98.57% | 2.00% | 1.04x |
| KODK | 2.5 | 0.12 | 10.13 | 377 (2028-01-21) | 97.60% | 4.80% | 1.03x |