Recommendation: NO
Current Price: $5.88
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 | 5.5 | 0.16 | 5.88 | 4 (2025-06-27) | 70.91% | 2.91% | 2.80x |
| FCEL | 5.0 | 0.04 | 5.88 | 4 (2025-06-27) | 90.41% | 0.80% | 1.44x |
| FCEL | 5.0 | 0.85 | 5.88 | 84 (2025-10-17) E | 71.69% | 17.00% | 1.41x |
| FCEL | 5.0 | 1.18 | 5.88 | 149 (2026-01-16) E | 72.50% | 23.60% | 1.31x |
| FCEL | 4.0 | 0.05 | 5.88 | 14 (2025-07-11) | 93.80% | 1.25% | 1.23x |
| FCEL | 4.0 | 1.62 | 5.88 | 409 (2027-01-15) E | 83.54% | 40.50% | 1.20x |
| FCEL | 1.0 | 0.05 | 5.88 | 149 (2026-01-16) E | 98.48% | 5.00% | 1.08x |
| FCEL | 2.0 | 0.01 | 5.88 | 19 (2025-07-18) | 99.21% | 0.50% | 1.07x |