Stock Ticker: BITO

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Next Earnings: Unknown

Recommendation: NO

Current Price: $8.55

Total Wheels: 19

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Option Selling Put Choices

Typically 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 8 (2026-08-21) 94.67% 0.83% 1.28x
BITO 8.5 0.19 8.55 13 (2026-08-28) 55.20% 2.24% 1.27x
BITO 3.0 0.05 8.55 36 (2026-09-30) 97.81% 1.67% 1.12x
BITO 8.0 0.08 8.55 18 (2026-09-04) 80.35% 1.00% 1.12x
BITO 8.0 0.01 8.55 3 (2026-08-14) 94.38% 0.13% 1.06x
BITO 7.0 0.01 8.55 8 (2026-08-21) 97.59% 0.14% 1.04x
BITO 6.0 0.03 8.55 36 (2026-09-30) 96.46% 0.50% 1.03x