Recommendation: NO
Current Price: $11.17
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 | 11.0 | 0.26 | 11.17 | 15 (2026-10-16) | 59.58% | 2.36% | 1.26x |
| BITO | 11.0 | 0.06 | 11.17 | 3 (2026-09-30) | 71.17% | 0.55% | 1.22x |
| BITO | 10.5 | 0.06 | 11.17 | 10 (2026-10-09) | 83.97% | 0.57% | 1.13x |
| BITO | 9.5 | 0.13 | 11.17 | 25 (2026-10-30) | 86.55% | 1.37% | 1.13x |
| BITO | 10.0 | 0.14 | 11.17 | 25 (2026-10-30) | 82.51% | 1.40% | 1.12x |
| BITO | 10.0 | 0.34 | 11.17 | 60 (2026-12-18) | 75.36% | 3.40% | 1.11x |
| BITO | 10.0 | 0.07 | 11.17 | 15 (2026-10-16) | 87.93% | 0.70% | 1.11x |
| BITO | 10.0 | 0.04 | 11.17 | 10 (2026-10-09) | 91.33% | 0.40% | 1.10x |
| BITO | 6.0 | 0.01 | 11.17 | 3 (2026-09-30) | 99.02% | 0.17% | 1.09x |
| BITO | 9.0 | 0.01 | 11.17 | 3 (2026-09-30) | 97.52% | 0.11% | 1.06x |
| BITO | 10.0 | 0.01 | 11.17 | 3 (2026-09-30) | 97.63% | 0.10% | 1.05x |
| BITO | 8.0 | 0.1 | 11.17 | 69 (2026-12-31) | 91.48% | 1.25% | 1.04x |
| BITO | 11.0 | 0.01 | 11.17 | 5 (2026-10-02) | 87.18% | 0.09% | 1.04x |
| BITO | 9.0 | 0.02 | 11.17 | 15 (2026-10-16) | 96.18% | 0.22% | 1.04x |
| BITO | 8.0 | 0.07 | 11.17 | 60 (2026-12-18) | 94.24% | 0.88% | 1.04x |
| BITO | 6.0 | 0.04 | 11.17 | 69 (2026-12-31) | 97.75% | 0.67% | 1.02x |