Recommendation: NO
Current Price: $19.89
Total Wheels: 19
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 |
|---|---|---|---|---|---|---|---|
| BITO | 19.5 | 0.36 | 19.89 | 9 (2025-05-16) | 62.96% | 1.85% | 1.38x |
| BITO | 19.5 | 0.17 | 19.89 | 4 (2025-05-09) | 69.01% | 0.87% | 1.35x |
| BITO | 19.5 | 0.51 | 19.89 | 14 (2025-05-23) | 60.77% | 2.62% | 1.33x |
| BITO | 19.5 | 0.67 | 19.89 | 19 (2025-05-30) | 59.51% | 3.44% | 1.31x |
| BITO | 19.0 | 0.93 | 19.89 | 34 (2025-06-20) | 63.93% | 4.89% | 1.26x |
| BITO | 19.0 | 0.33 | 19.89 | 14 (2025-05-23) | 71.52% | 1.74% | 1.25x |
| BITO | 19.0 | 0.2 | 19.89 | 9 (2025-05-16) | 74.60% | 1.05% | 1.24x |
| BITO | 19.0 | 0.45 | 19.89 | 19 (2025-05-30) | 68.81% | 2.37% | 1.24x |
| BITO | 18.5 | 0.34 | 19.89 | 19 (2025-05-30) | 75.77% | 1.84% | 1.20x |
| BITO | 18.0 | 0.59 | 19.89 | 34 (2025-06-20) | 74.44% | 3.28% | 1.20x |
| BITO | 19.0 | 2.21 | 19.89 | 99 (2025-09-19) | 62.29% | 11.63% | 1.19x |
| BITO | 18.0 | 0.65 | 19.89 | 40 (2025-06-30) | 73.76% | 3.61% | 1.18x |
| BITO | 17.0 | 1.5 | 19.89 | 99 (2025-09-19) | 73.21% | 8.82% | 1.17x |
| BITO | 15.5 | 0.26 | 19.89 | 24 (2025-06-06) | 89.13% | 1.68% | 1.17x |
| BITO | 18.5 | 0.19 | 19.89 | 14 (2025-05-23) | 80.83% | 1.03% | 1.16x |
| BITO | 14.0 | 0.35 | 19.89 | 40 (2025-06-30) | 89.80% | 2.50% | 1.15x |
| BITO | 19.0 | 0.06 | 19.89 | 4 (2025-05-09) | 86.22% | 0.32% | 1.15x |
| BITO | 18.0 | 0.16 | 19.89 | 14 (2025-05-23) | 85.07% | 0.89% | 1.15x |
| BITO | 18.5 | 0.1 | 19.89 | 9 (2025-05-16) | 84.72% | 0.54% | 1.14x |
| BITO | 17.0 | 0.35 | 19.89 | 34 (2025-06-20) | 83.14% | 2.06% | 1.13x |
| BITO | 18.0 | 0.2 | 19.89 | 19 (2025-05-30) | 83.94% | 1.11% | 1.13x |
| BITO | 15.0 | 0.06 | 19.89 | 9 (2025-05-16) | 95.82% | 0.40% | 1.11x |
| BITO | 17.5 | 0.14 | 19.89 | 19 (2025-05-30) | 88.26% | 0.80% | 1.10x |
| BITO | 18.0 | 0.06 | 19.89 | 9 (2025-05-16) | 91.87% | 0.33% | 1.09x |
| BITO | 17.5 | 0.09 | 19.89 | 14 (2025-05-23) | 91.00% | 0.51% | 1.09x |
| BITO | 16.0 | 0.15 | 19.89 | 34 (2025-06-20) | 91.16% | 0.94% | 1.07x |
| BITO | 15.0 | 0.13 | 19.89 | 34 (2025-06-20) | 93.30% | 0.87% | 1.06x |
| BITO | 17.5 | 0.02 | 19.89 | 4 (2025-05-09) | 96.23% | 0.11% | 1.06x |
| BITO | 18.5 | 0.02 | 19.89 | 4 (2025-05-09) | 94.90% | 0.11% | 1.05x |
| BITO | 15.0 | 0.06 | 19.89 | 19 (2025-05-30) | 96.03% | 0.40% | 1.05x |
| BITO | 17.0 | 0.07 | 19.89 | 19 (2025-05-30) | 92.92% | 0.41% | 1.05x |
| BITO | 17.0 | 0.03 | 19.89 | 9 (2025-05-16) | 96.04% | 0.18% | 1.05x |
| BITO | 13.0 | 0.1 | 19.89 | 40 (2025-06-30) | 96.23% | 0.77% | 1.05x |
| BITO | 10.0 | 0.14 | 19.89 | 99 (2025-09-19) | 96.51% | 1.40% | 1.03x |
| BITO | 15.0 | 0.01 | 19.89 | 4 (2025-05-09) | 98.69% | 0.07% | 1.03x |
| BITO | 16.5 | 0.01 | 19.89 | 4 (2025-05-09) | 99.00% | 0.06% | 1.03x |
| BITO | 17.0 | 0.01 | 19.89 | 4 (2025-05-09) | 98.50% | 0.06% | 1.03x |
| BITO | 10.0 | 0.04 | 19.89 | 34 (2025-06-20) | 98.48% | 0.40% | 1.03x |
| BITO | 18.0 | 0.01 | 19.89 | 4 (2025-05-09) | 98.04% | 0.06% | 1.03x |
| BITO | 16.0 | 0.01 | 19.89 | 9 (2025-05-16) | 98.84% | 0.06% | 1.02x |
| BITO | 13.0 | 0.03 | 19.89 | 34 (2025-06-20) | 98.18% | 0.23% | 1.02x |