Recommendation: NO
Current Price: $20.66
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 | 20.5 | 0.9 | 20.66 | 8 (2025-07-03) | 55.05% | 4.39% | 2.12x |
| BITO | 20.0 | 0.71 | 20.66 | 8 (2025-07-03) | 62.74% | 3.55% | 2.00x |
| BITO | 20.5 | 1.55 | 20.66 | 24 (2025-07-25) | 55.64% | 7.56% | 1.54x |
| BITO | 20.0 | 0.77 | 20.66 | 14 (2025-07-11) | 62.36% | 3.85% | 1.53x |
| BITO | 19.5 | 0.36 | 20.66 | 8 (2025-07-03) | 73.36% | 1.85% | 1.53x |
| BITO | 20.5 | 0.26 | 20.66 | 4 (2025-06-27) | 58.44% | 1.27% | 1.45x |
| BITO | 20.0 | 0.87 | 20.66 | 19 (2025-07-18) | 61.80% | 4.35% | 1.42x |
| BITO | 20.0 | 0.18 | 20.66 | 5 (2025-06-30) | 73.69% | 0.90% | 1.40x |
| BITO | 20.0 | 1.59 | 20.66 | 39 (2025-08-15) | 60.26% | 7.95% | 1.35x |
| BITO | 20.0 | 0.95 | 20.66 | 24 (2025-07-25) | 61.45% | 4.75% | 1.35x |
| BITO | 19.0 | 0.22 | 20.66 | 8 (2025-07-03) | 81.37% | 1.16% | 1.34x |
| BITO | 19.0 | 0.73 | 20.66 | 24 (2025-07-25) | 71.26% | 3.84% | 1.33x |
| BITO | 20.0 | 2.41 | 20.66 | 64 (2025-09-19) | 60.67% | 12.05% | 1.32x |
| BITO | 19.0 | 0.34 | 20.66 | 14 (2025-07-11) | 77.59% | 1.79% | 1.28x |
| BITO | 19.0 | 1.05 | 20.66 | 39 (2025-08-15) | 68.84% | 5.53% | 1.27x |
| BITO | 19.0 | 0.46 | 20.66 | 19 (2025-07-18) | 75.01% | 2.42% | 1.27x |
| BITO | 18.0 | 1.55 | 20.66 | 64 (2025-09-19) | 71.68% | 8.61% | 1.27x |
| BITO | 20.0 | 0.12 | 20.66 | 4 (2025-06-27) | 77.73% | 0.60% | 1.26x |
| BITO | 19.0 | 1.6 | 20.66 | 64 (2025-09-19) | 66.92% | 8.42% | 1.24x |
| BITO | 18.0 | 0.75 | 20.66 | 39 (2025-08-15) | 76.30% | 4.17% | 1.22x |
| BITO | 19.0 | 0.08 | 20.66 | 5 (2025-06-30) | 88.86% | 0.42% | 1.21x |
| BITO | 19.5 | 0.07 | 20.66 | 4 (2025-06-27) | 86.77% | 0.36% | 1.17x |
| BITO | 17.0 | 0.84 | 20.66 | 64 (2025-09-19) | 79.16% | 4.94% | 1.16x |
| BITO | 18.0 | 0.23 | 20.66 | 19 (2025-07-18) | 85.45% | 1.28% | 1.15x |
| BITO | 17.5 | 0.15 | 20.66 | 14 (2025-07-11) | 89.64% | 0.86% | 1.15x |
| BITO | 19.0 | 0.05 | 20.66 | 4 (2025-06-27) | 91.89% | 0.26% | 1.13x |
| BITO | 18.0 | 0.07 | 20.66 | 8 (2025-07-03) | 92.69% | 0.39% | 1.12x |
| BITO | 16.0 | 0.55 | 20.66 | 64 (2025-09-19) | 84.77% | 3.44% | 1.12x |
| BITO | 18.0 | 0.04 | 20.66 | 5 (2025-06-30) | 94.86% | 0.22% | 1.11x |
| BITO | 15.0 | 0.42 | 20.66 | 71 (2025-09-30) | 88.37% | 2.80% | 1.09x |
| BITO | 14.0 | 0.29 | 20.66 | 71 (2025-09-30) | 91.61% | 2.07% | 1.07x |
| BITO | 14.0 | 0.25 | 20.66 | 64 (2025-09-19) | 92.33% | 1.79% | 1.07x |
| BITO | 18.0 | 0.02 | 20.66 | 4 (2025-06-27) | 97.20% | 0.11% | 1.06x |
| BITO | 13.0 | 0.02 | 20.66 | 8 (2025-07-03) | 99.01% | 0.15% | 1.05x |
| BITO | 16.0 | 0.01 | 20.66 | 4 (2025-06-27) | 98.90% | 0.06% | 1.03x |
| BITO | 17.5 | 0.01 | 20.66 | 4 (2025-06-27) | 98.09% | 0.06% | 1.03x |
| BITO | 10.0 | 0.06 | 20.66 | 64 (2025-09-19) | 98.14% | 0.60% | 1.02x |