Recommendation: NO
Current Price: $8.55
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 | 6.0 | 0.05 | 8.55 | 8 (2026-08-21) | 94.67% | 0.83% | 1.28x |
| BITO | 8.5 | 0.19 | 8.55 | 13 (2026-08-28) | 55.20% | 2.24% | 1.27x |
| BITO | 3.0 | 0.05 | 8.55 | 36 (2026-09-30) | 97.81% | 1.67% | 1.12x |
| BITO | 8.0 | 0.08 | 8.55 | 18 (2026-09-04) | 80.35% | 1.00% | 1.12x |
| BITO | 8.0 | 0.01 | 8.55 | 3 (2026-08-14) | 94.38% | 0.13% | 1.06x |
| BITO | 7.0 | 0.01 | 8.55 | 8 (2026-08-21) | 97.59% | 0.14% | 1.04x |
| BITO | 6.0 | 0.03 | 8.55 | 36 (2026-09-30) | 96.46% | 0.50% | 1.03x |