Recommendation: NO
Current Price: $9.55
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 | 9.5 | 0.16 | 9.55 | 4 (2026-03-27) | 55.32% | 1.68% | 1.60x |
| BITO | 8.0 | 0.09 | 9.55 | 8 (2026-04-02) | 88.76% | 1.12% | 1.37x |
| BITO | 9.0 | 0.3 | 9.55 | 24 (2026-04-24) | 69.07% | 3.33% | 1.27x |
| BITO | 8.0 | 0.03 | 9.55 | 4 (2026-03-27) | 94.57% | 0.37% | 1.20x |
| BITO | 6.0 | 0.3 | 9.55 | 63 (2026-06-18) | 89.50% | 5.00% | 1.19x |
| BITO | 5.0 | 0.02 | 9.55 | 6 (2026-03-31) | 98.54% | 0.40% | 1.18x |
| BITO | 7.0 | 0.02 | 9.55 | 6 (2026-03-31) | 97.20% | 0.29% | 1.12x |
| BITO | 5.0 | 0.17 | 9.55 | 71 (2026-06-30) | 93.50% | 3.40% | 1.12x |
| BITO | 5.5 | 0.01 | 9.55 | 4 (2026-03-27) | 98.74% | 0.18% | 1.09x |
| BITO | 7.0 | 0.05 | 9.55 | 24 (2026-04-24) | 94.35% | 0.71% | 1.07x |
| BITO | 5.5 | 0.01 | 9.55 | 8 (2026-04-02) | 98.92% | 0.18% | 1.06x |
| BITO | 5.0 | 0.06 | 9.55 | 63 (2026-06-18) | 96.42% | 1.20% | 1.05x |
| BITO | 3.0 | 0.03 | 9.55 | 63 (2026-06-18) | 98.86% | 1.00% | 1.04x |
| BITO | 4.0 | 0.01 | 9.55 | 19 (2026-04-17) | 99.56% | 0.25% | 1.03x |