Recommendation: NO
Current Price: $1253.54
Total Wheels: 5
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 |
|---|---|---|---|---|---|---|---|
| NFLX | 1240.0 | 50.45 | 1253.54 | 19 (2025-07-18) E | 56.21% | 4.07% | 1.35x |
| NFLX | 1235.0 | 48.6 | 1253.54 | 19 (2025-07-18) E | 57.56% | 3.94% | 1.35x |
| NFLX | 1230.0 | 46.02 | 1253.54 | 19 (2025-07-18) E | 58.95% | 3.74% | 1.34x |
| NFLX | 1220.0 | 42.6 | 1253.54 | 19 (2025-07-18) E | 61.54% | 3.49% | 1.33x |
| NFLX | 1225.0 | 43.6 | 1253.54 | 19 (2025-07-18) E | 60.33% | 3.56% | 1.33x |
| NFLX | 1250.0 | 60.37 | 1253.54 | 24 (2025-07-25) E | 53.60% | 4.83% | 1.31x |
| NFLX | 1215.0 | 39.38 | 1253.54 | 19 (2025-07-18) E | 63.03% | 3.24% | 1.31x |
| NFLX | 1245.0 | 57.1 | 1253.54 | 24 (2025-07-25) E | 54.87% | 4.59% | 1.30x |
| NFLX | 1210.0 | 37.05 | 1253.54 | 19 (2025-07-18) E | 64.42% | 3.06% | 1.30x |
| NFLX | 1240.0 | 55.0 | 1253.54 | 24 (2025-07-25) E | 56.15% | 4.44% | 1.29x |
| NFLX | 1195.0 | 33.06 | 1253.54 | 19 (2025-07-18) E | 67.97% | 2.77% | 1.28x |
| NFLX | 1200.0 | 33.62 | 1253.54 | 19 (2025-07-18) E | 66.98% | 2.80% | 1.28x |
| NFLX | 1220.0 | 46.56 | 1253.54 | 24 (2025-07-25) E | 61.15% | 3.82% | 1.27x |
| NFLX | 1252.5 | 11.5 | 1253.54 | 4 (2025-06-27) | 52.03% | 0.92% | 1.27x |
| NFLX | 1215.0 | 44.58 | 1253.54 | 24 (2025-07-25) E | 62.37% | 3.67% | 1.27x |
| NFLX | 1250.0 | 10.65 | 1253.54 | 4 (2025-06-27) | 55.20% | 0.85% | 1.27x |
| NFLX | 1250.0 | 63.0 | 1253.54 | 29 (2025-08-01) E | 53.71% | 5.04% | 1.26x |
| NFLX | 1247.5 | 9.74 | 1253.54 | 4 (2025-06-27) | 58.25% | 0.78% | 1.26x |
| NFLX | 1230.0 | 54.63 | 1253.54 | 29 (2025-08-01) E | 58.49% | 4.44% | 1.25x |
| NFLX | 1245.0 | 8.78 | 1253.54 | 4 (2025-06-27) | 61.27% | 0.71% | 1.24x |
| NFLX | 1250.0 | 15.75 | 1253.54 | 8 (2025-07-03) | 54.15% | 1.26% | 1.24x |
| NFLX | 1245.0 | 14.25 | 1253.54 | 8 (2025-07-03) | 58.33% | 1.14% | 1.23x |
| NFLX | 1242.5 | 7.7 | 1253.54 | 4 (2025-06-27) | 64.43% | 0.62% | 1.22x |
| NFLX | 1235.0 | 67.2 | 1253.54 | 39 (2025-08-15) E | 57.16% | 5.44% | 1.22x |
| NFLX | 1240.0 | 12.2 | 1253.54 | 8 (2025-07-03) | 62.51% | 0.98% | 1.21x |
| NFLX | 1200.0 | 40.96 | 1253.54 | 29 (2025-08-01) E | 65.63% | 3.41% | 1.21x |
| NFLX | 1240.0 | 6.97 | 1253.54 | 4 (2025-06-27) | 67.15% | 0.56% | 1.21x |
| NFLX | 1232.5 | 11.0 | 1253.54 | 8 (2025-07-03) | 67.27% | 0.89% | 1.21x |
| NFLX | 1250.0 | 67.91 | 1253.54 | 39 (2025-08-15) E | 53.91% | 5.43% | 1.21x |
| NFLX | 1245.0 | 66.0 | 1253.54 | 39 (2025-08-15) E | 55.04% | 5.30% | 1.20x |
| NFLX | 1240.0 | 62.95 | 1253.54 | 39 (2025-08-15) E | 56.16% | 5.08% | 1.20x |
| NFLX | 1237.5 | 6.4 | 1253.54 | 4 (2025-06-27) | 69.54% | 0.52% | 1.20x |
| NFLX | 1235.0 | 10.6 | 1253.54 | 8 (2025-07-03) | 66.45% | 0.86% | 1.20x |
| NFLX | 1225.0 | 57.89 | 1253.54 | 39 (2025-08-15) E | 59.42% | 4.73% | 1.20x |
| NFLX | 1230.0 | 59.0 | 1253.54 | 39 (2025-08-15) E | 58.38% | 4.80% | 1.20x |
| NFLX | 1250.0 | 22.8 | 1253.54 | 14 (2025-07-11) | 53.57% | 1.82% | 1.19x |
| NFLX | 1220.0 | 54.4 | 1253.54 | 39 (2025-08-15) E | 60.59% | 4.46% | 1.19x |
| NFLX | 1245.0 | 20.63 | 1253.54 | 14 (2025-07-11) | 56.73% | 1.66% | 1.18x |
| NFLX | 1235.0 | 5.73 | 1253.54 | 4 (2025-06-27) | 72.13% | 0.46% | 1.18x |
| NFLX | 1240.0 | 19.45 | 1253.54 | 14 (2025-07-11) | 59.57% | 1.57% | 1.18x |
| NFLX | 1230.0 | 9.2 | 1253.54 | 8 (2025-07-03) | 70.00% | 0.75% | 1.18x |
| NFLX | 1200.0 | 45.72 | 1253.54 | 39 (2025-08-15) E | 64.98% | 3.81% | 1.17x |
| NFLX | 1232.5 | 5.18 | 1253.54 | 4 (2025-06-27) | 74.40% | 0.42% | 1.17x |
| NFLX | 1225.0 | 8.42 | 1253.54 | 8 (2025-07-03) | 72.84% | 0.69% | 1.17x |
| NFLX | 1235.0 | 17.31 | 1253.54 | 14 (2025-07-11) | 62.59% | 1.40% | 1.17x |
| NFLX | 1227.5 | 8.4 | 1253.54 | 8 (2025-07-03) | 71.92% | 0.68% | 1.17x |
| NFLX | 1230.0 | 15.63 | 1253.54 | 14 (2025-07-11) | 65.40% | 1.27% | 1.16x |
| NFLX | 1230.0 | 4.65 | 1253.54 | 4 (2025-06-27) | 76.60% | 0.38% | 1.16x |
| NFLX | 1222.5 | 7.5 | 1253.54 | 8 (2025-07-03) | 74.78% | 0.61% | 1.16x |
| NFLX | 1225.0 | 14.05 | 1253.54 | 14 (2025-07-11) | 68.12% | 1.15% | 1.15x |
| NFLX | 1220.0 | 7.04 | 1253.54 | 8 (2025-07-03) | 76.22% | 0.58% | 1.15x |
| NFLX | 1220.0 | 13.1 | 1253.54 | 14 (2025-07-11) | 70.33% | 1.07% | 1.15x |
| NFLX | 1220.0 | 66.93 | 1253.54 | 64 (2025-09-19) E | 60.06% | 5.49% | 1.14x |
| NFLX | 1215.0 | 11.6 | 1253.54 | 14 (2025-07-11) | 72.89% | 0.95% | 1.13x |
| NFLX | 1240.0 | 92.34 | 1253.54 | 84 (2025-10-17) E | 56.60% | 7.45% | 1.13x |
| NFLX | 1200.0 | 58.0 | 1253.54 | 64 (2025-09-19) E | 63.77% | 4.83% | 1.13x |
| NFLX | 1210.0 | 10.7 | 1253.54 | 14 (2025-07-11) | 74.92% | 0.88% | 1.13x |
| NFLX | 1160.0 | 68.05 | 1253.54 | 84 (2025-10-17) E | 67.86% | 5.87% | 1.12x |
| NFLX | 1200.0 | 76.0 | 1253.54 | 84 (2025-10-17) E | 62.73% | 6.33% | 1.12x |
| NFLX | 1205.0 | 9.96 | 1253.54 | 14 (2025-07-11) | 76.72% | 0.83% | 1.12x |
| NFLX | 1180.0 | 51.1 | 1253.54 | 64 (2025-09-19) E | 67.25% | 4.33% | 1.12x |
| NFLX | 1170.0 | 64.69 | 1253.54 | 84 (2025-10-17) E | 67.09% | 5.53% | 1.12x |
| NFLX | 1160.0 | 44.0 | 1253.54 | 64 (2025-09-19) E | 70.69% | 3.79% | 1.11x |
| NFLX | 1140.0 | 41.0 | 1253.54 | 64 (2025-09-19) E | 73.27% | 3.60% | 1.11x |
| NFLX | 1100.0 | 28.5 | 1253.54 | 64 (2025-09-19) E | 79.51% | 2.59% | 1.08x |
| NFLX | 1080.0 | 25.05 | 1253.54 | 64 (2025-09-19) E | 81.81% | 2.32% | 1.08x |
| NFLX | 1100.0 | 56.8 | 1253.54 | 129 (2025-12-19) E | 74.30% | 5.16% | 1.08x |