Recommendation: NO
Current Price: $20.34
Total Wheels: 15
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 |
|---|---|---|---|---|---|---|---|
| FCEL | 19.0 | 1.0 | 20.34 | 12 (2026-08-28) | 67.16% | 5.26% | 2.07x |
| FCEL | 20.0 | 2.55 | 20.34 | 27 (2026-09-18) | 58.77% | 12.75% | 1.96x |
| FCEL | 18.0 | 1.5 | 20.34 | 27 (2026-09-18) | 70.47% | 8.33% | 1.70x |
| FCEL | 20.0 | 5.3 | 20.34 | 112 (2027-01-15) | 64.62% | 26.50% | 1.43x |
| FCEL | 19.0 | 4.8 | 20.34 | 112 (2027-01-15) | 67.61% | 25.26% | 1.43x |
| FCEL | 17.0 | 0.1 | 20.34 | 2 (2026-08-14) | 91.34% | 0.59% | 1.31x |
| FCEL | 18.5 | 0.08 | 20.34 | 2 (2026-08-14) | 89.51% | 0.43% | 1.21x |
| FCEL | 17.5 | 0.05 | 20.34 | 2 (2026-08-14) | 94.29% | 0.29% | 1.15x |
| FCEL | 15.5 | 0.06 | 20.34 | 7 (2026-08-21) | 96.05% | 0.39% | 1.14x |
| FCEL | 18.0 | 0.05 | 20.34 | 2 (2026-08-14) | 93.32% | 0.28% | 1.14x |
| FCEL | 16.0 | 0.01 | 20.34 | 2 (2026-08-14) | 98.36% | 0.06% | 1.03x |