Recommendation: NO
Current Price: $11.13
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 | 0.18 | 11.13 | 6 (2026-05-22) | 59.63% | 1.64% | 1.50x |
| BITO | 10.5 | 0.2 | 11.13 | 11 (2026-05-29) | 72.38% | 1.90% | 1.37x |
| BITO | 11.0 | 0.23 | 11.13 | 11 (2026-05-29) | 58.52% | 2.09% | 1.32x |
| BITO | 9.0 | 0.12 | 11.13 | 11 (2026-05-29) | 88.79% | 1.33% | 1.31x |
| BITO | 11.0 | 0.67 | 11.13 | 33 (2026-06-30) | 56.33% | 6.09% | 1.29x |
| BITO | 5.0 | 0.17 | 11.13 | 33 (2026-06-30) | 95.13% | 3.40% | 1.28x |
| BITO | 11.0 | 0.43 | 11.13 | 25 (2026-06-18) | 56.62% | 3.91% | 1.25x |
| BITO | 11.0 | 1.38 | 11.13 | 99 (2026-09-30) | 58.32% | 12.55% | 1.20x |
| BITO | 8.5 | 0.03 | 11.13 | 6 (2026-05-22) | 96.11% | 0.35% | 1.15x |
| BITO | 11.0 | 0.04 | 11.13 | 1 (2026-05-15) | 72.11% | 0.36% | 1.14x |
| BITO | 10.0 | 0.66 | 11.13 | 91 (2026-09-18) | 70.46% | 6.60% | 1.13x |
| BITO | 4.0 | 0.19 | 11.13 | 91 (2026-09-18) | 95.92% | 4.75% | 1.13x |
| BITO | 3.0 | 0.03 | 11.13 | 25 (2026-06-18) | 99.01% | 1.00% | 1.10x |
| BITO | 8.0 | 0.03 | 11.13 | 11 (2026-05-29) | 96.68% | 0.37% | 1.09x |
| BITO | 7.5 | 0.02 | 11.13 | 11 (2026-05-29) | 97.95% | 0.27% | 1.06x |
| BITO | 10.0 | 0.01 | 11.13 | 1 (2026-05-15) | 95.25% | 0.10% | 1.05x |
| BITO | 10.5 | 0.01 | 11.13 | 1 (2026-05-15) | 96.39% | 0.10% | 1.05x |
| BITO | 4.0 | 0.01 | 11.13 | 25 (2026-06-18) | 99.66% | 0.25% | 1.03x |