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 | 7 (2026-08-21) | 94.61% | 0.83% | 1.33x |
| BITO | 8.5 | 0.19 | 8.55 | 12 (2026-08-28) | 55.13% | 2.24% | 1.29x |
| BITO | 8.5 | 0.06 | 8.55 | 2 (2026-08-14) | 60.55% | 0.71% | 1.24x |
| BITO | 8.5 | 0.29 | 8.55 | 22 (2026-09-11) | 54.61% | 3.41% | 1.24x |
| BITO | 8.5 | 0.21 | 8.55 | 17 (2026-09-04) | 55.01% | 2.47% | 1.22x |
| BITO | 8.0 | 0.16 | 8.55 | 27 (2026-09-18) | 74.08% | 2.00% | 1.15x |
| BITO | 8.0 | 0.08 | 8.55 | 17 (2026-09-04) | 79.85% | 1.00% | 1.13x |
| BITO | 3.0 | 0.05 | 8.55 | 35 (2026-09-30) | 97.91% | 1.67% | 1.12x |
| BITO | 7.0 | 0.09 | 8.55 | 35 (2026-09-30) | 88.46% | 1.29% | 1.08x |
| BITO | 8.0 | 0.01 | 8.55 | 2 (2026-08-14) | 92.81% | 0.13% | 1.06x |
| BITO | 7.0 | 0.01 | 8.55 | 7 (2026-08-21) | 97.16% | 0.14% | 1.05x |
| BITO | 6.0 | 0.03 | 8.55 | 35 (2026-09-30) | 95.91% | 0.50% | 1.04x |