Recommendation: NO
Current Price: $13.33
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 | 13.0 | 0.64 | 13.33 | 10 (2025-12-26) | 59.59% | 4.92% | 2.07x |
| BITO | 13.0 | 0.7 | 13.33 | 13 (2025-12-31) | 59.40% | 5.38% | 1.84x |
| BITO | 12.5 | 0.35 | 13.33 | 10 (2025-12-26) | 70.83% | 2.80% | 1.64x |
| BITO | 13.0 | 0.19 | 13.33 | 5 (2025-12-19) | 66.73% | 1.46% | 1.63x |
| BITO | 13.0 | 0.75 | 13.33 | 20 (2026-01-09) | 59.26% | 5.77% | 1.53x |
| BITO | 13.0 | 0.85 | 13.33 | 25 (2026-01-16) | 59.09% | 6.54% | 1.47x |
| BITO | 12.0 | 0.21 | 13.33 | 10 (2025-12-26) | 80.07% | 1.75% | 1.42x |
| BITO | 12.5 | 0.5 | 13.33 | 20 (2026-01-09) | 68.30% | 4.00% | 1.40x |
| BITO | 12.0 | 0.45 | 13.33 | 25 (2026-01-16) | 73.95% | 3.75% | 1.32x |
| BITO | 12.5 | 0.08 | 13.33 | 5 (2025-12-19) | 83.49% | 0.64% | 1.31x |
| BITO | 12.0 | 0.33 | 13.33 | 20 (2026-01-09) | 76.55% | 2.75% | 1.30x |
| BITO | 11.5 | 0.1 | 13.33 | 10 (2025-12-26) | 88.66% | 0.87% | 1.21x |
| BITO | 12.0 | 0.95 | 13.33 | 70 (2026-03-20) | 69.25% | 7.92% | 1.21x |
| BITO | 12.0 | 0.99 | 13.33 | 77 (2026-03-31) | 69.09% | 8.25% | 1.20x |
| BITO | 11.0 | 0.21 | 13.33 | 25 (2026-01-16) | 85.70% | 1.91% | 1.18x |
| BITO | 11.0 | 0.72 | 13.33 | 77 (2026-03-31) | 77.04% | 6.55% | 1.17x |
| BITO | 11.0 | 0.25 | 13.33 | 30 (2026-01-23) | 84.45% | 2.27% | 1.17x |
| BITO | 12.0 | 0.03 | 13.33 | 5 (2025-12-19) | 92.99% | 0.25% | 1.12x |
| BITO | 10.0 | 0.37 | 13.33 | 70 (2026-03-20) | 85.60% | 3.70% | 1.12x |
| BITO | 8.0 | 0.09 | 13.33 | 25 (2026-01-16) | 95.59% | 1.12% | 1.11x |
| BITO | 9.0 | 0.05 | 13.33 | 15 (2026-01-02) | 96.20% | 0.56% | 1.09x |
| BITO | 11.0 | 0.02 | 13.33 | 5 (2025-12-19) | 96.46% | 0.18% | 1.09x |
| BITO | 10.0 | 0.05 | 13.33 | 15 (2026-01-02) | 95.27% | 0.50% | 1.08x |
| BITO | 9.0 | 0.02 | 13.33 | 10 (2025-12-26) | 97.74% | 0.22% | 1.06x |