Recommendation: NO
Current Price: $21.67
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 | 21.5 | 1.35 | 21.67 | 7 (2026-08-21) | 55.24% | 6.28% | 3.41x |
| FCEL | 20.5 | 1.01 | 21.67 | 7 (2026-08-21) | 65.47% | 4.93% | 3.14x |
| FCEL | 21.0 | 1.1 | 21.67 | 7 (2026-08-21) | 60.87% | 5.24% | 3.10x |
| FCEL | 21.5 | 0.75 | 21.67 | 2 (2026-08-14) | 55.18% | 3.49% | 2.61x |
| FCEL | 20.0 | 0.75 | 21.67 | 7 (2026-08-21) | 70.92% | 3.75% | 2.57x |
| FCEL | 20.0 | 1.15 | 21.67 | 12 (2026-08-28) | 68.07% | 5.75% | 2.24x |
| FCEL | 19.5 | 0.53 | 21.67 | 7 (2026-08-21) | 76.52% | 2.72% | 2.10x |
| FCEL | 21.0 | 2.8 | 21.67 | 27 (2026-09-18) | 60.73% | 13.33% | 2.07x |
| FCEL | 21.0 | 0.45 | 21.67 | 2 (2026-08-14) | 65.76% | 2.14% | 2.02x |
| FCEL | 19.0 | 0.44 | 21.67 | 7 (2026-08-21) | 80.30% | 2.32% | 1.94x |
| FCEL | 20.0 | 1.35 | 21.67 | 17 (2026-09-04) | 67.26% | 6.75% | 1.93x |
| FCEL | 20.0 | 2.2 | 21.67 | 27 (2026-09-18) | 65.71% | 11.00% | 1.92x |
| FCEL | 19.0 | 3.1 | 21.67 | 47 (2026-10-16) | 69.70% | 16.32% | 1.78x |
| FCEL | 19.0 | 1.35 | 21.67 | 22 (2026-09-11) | 72.07% | 7.11% | 1.77x |
| FCEL | 20.0 | 3.25 | 21.67 | 47 (2026-10-16) | 65.97% | 16.25% | 1.73x |
| FCEL | 20.5 | 0.3 | 21.67 | 2 (2026-08-14) | 74.11% | 1.46% | 1.72x |
| FCEL | 18.0 | 0.8 | 21.67 | 17 (2026-09-04) | 79.52% | 4.44% | 1.67x |
| FCEL | 18.0 | 0.53 | 21.67 | 12 (2026-08-28) | 82.33% | 2.94% | 1.65x |
| FCEL | 18.5 | 0.3 | 21.67 | 7 (2026-08-21) | 84.17% | 1.62% | 1.63x |
| FCEL | 18.0 | 1.25 | 21.67 | 27 (2026-09-18) | 76.23% | 6.94% | 1.62x |
| FCEL | 18.0 | 0.25 | 21.67 | 7 (2026-08-21) | 87.69% | 1.39% | 1.55x |
| FCEL | 20.0 | 0.2 | 21.67 | 2 (2026-08-14) | 81.95% | 1.00% | 1.51x |
| FCEL | 16.0 | 0.8 | 21.67 | 27 (2026-09-18) | 84.22% | 5.00% | 1.47x |
| FCEL | 21.0 | 5.7 | 21.67 | 112 (2027-01-15) | 65.91% | 27.14% | 1.45x |
| FCEL | 20.0 | 5.15 | 21.67 | 112 (2027-01-15) | 68.49% | 25.75% | 1.44x |
| FCEL | 17.0 | 0.34 | 21.67 | 12 (2026-08-28) | 87.63% | 2.00% | 1.44x |
| FCEL | 19.0 | 4.45 | 21.67 | 112 (2027-01-15) | 70.78% | 23.42% | 1.41x |
| FCEL | 19.5 | 0.15 | 21.67 | 2 (2026-08-14) | 86.93% | 0.77% | 1.40x |
| FCEL | 15.0 | 2.8 | 21.67 | 112 (2027-01-15) | 80.67% | 18.67% | 1.37x |
| FCEL | 17.5 | 0.15 | 21.67 | 7 (2026-08-21) | 91.61% | 0.86% | 1.33x |
| FCEL | 17.0 | 0.1 | 21.67 | 2 (2026-08-14) | 94.30% | 0.59% | 1.32x |
| FCEL | 17.0 | 0.14 | 21.67 | 7 (2026-08-21) | 92.65% | 0.82% | 1.31x |
| FCEL | 15.0 | 0.5 | 21.67 | 27 (2026-09-18) | 88.51% | 3.33% | 1.31x |
| FCEL | 16.0 | 0.3 | 21.67 | 17 (2026-09-04) | 89.64% | 1.87% | 1.28x |
| FCEL | 19.0 | 0.1 | 21.67 | 2 (2026-08-14) | 92.89% | 0.53% | 1.28x |
| FCEL | 15.0 | 0.12 | 21.67 | 12 (2026-08-28) | 95.05% | 0.80% | 1.17x |
| FCEL | 17.5 | 0.05 | 21.67 | 2 (2026-08-14) | 95.94% | 0.29% | 1.15x |
| FCEL | 7.0 | 1.7 | 21.67 | 377 (2028-01-21) | 93.52% | 24.29% | 1.15x |
| FCEL | 18.0 | 0.04 | 21.67 | 2 (2026-08-14) | 95.94% | 0.22% | 1.11x |
| FCEL | 18.5 | 0.03 | 21.67 | 2 (2026-08-14) | 96.05% | 0.16% | 1.08x |