Recommendation: ST
Current Price: $4.32
Total Wheels: 16
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 |
|---|---|---|---|---|---|---|---|
| BB | 4.0 | 0.11 | 4.32 | 4 (2025-06-27) E | 72.91% | 2.75% | 2.72x |
| BB | 4.0 | 0.14 | 4.32 | 8 (2025-07-03) E | 71.14% | 3.50% | 2.17x |
| BB | 4.0 | 0.17 | 4.32 | 14 (2025-07-11) E | 69.60% | 4.25% | 1.69x |
| BB | 4.0 | 0.18 | 4.32 | 19 (2025-07-18) E | 69.41% | 4.50% | 1.50x |
| BB | 3.5 | 0.04 | 4.32 | 8 (2025-07-03) E | 90.34% | 1.14% | 1.38x |
| BB | 3.5 | 0.06 | 4.32 | 14 (2025-07-11) E | 87.69% | 1.71% | 1.31x |
| BB | 3.5 | 0.02 | 4.32 | 4 (2025-06-27) E | 93.37% | 0.57% | 1.31x |
| BB | 4.0 | 0.38 | 4.32 | 64 (2025-09-19) E | 65.77% | 9.50% | 1.27x |
| BB | 3.5 | 0.07 | 4.32 | 19 (2025-07-18) E | 86.29% | 2.00% | 1.25x |
| BB | 3.5 | 0.1 | 4.32 | 29 (2025-08-01) E | 82.43% | 2.86% | 1.22x |
| BB | 1.5 | 0.07 | 4.32 | 64 (2025-09-19) E | 96.28% | 4.67% | 1.19x |
| BB | 4.0 | 0.54 | 4.32 | 129 (2025-12-19) E | 65.61% | 13.50% | 1.18x |
| BB | 3.0 | 0.04 | 4.32 | 19 (2025-07-18) E | 93.31% | 1.33% | 1.18x |
| BB | 3.0 | 0.01 | 4.32 | 4 (2025-06-27) E | 97.48% | 0.33% | 1.18x |
| BB | 4.0 | 0.6 | 4.32 | 149 (2026-01-16) E | 65.73% | 15.00% | 1.17x |
| BB | 3.5 | 0.37 | 4.32 | 149 (2026-01-16) E | 75.67% | 10.57% | 1.14x |
| BB | 3.0 | 0.19 | 4.32 | 129 (2025-12-19) E | 85.07% | 6.33% | 1.11x |
| BB | 3.0 | 0.08 | 4.32 | 64 (2025-09-19) E | 90.04% | 2.67% | 1.10x |
| BB | 2.0 | 0.01 | 4.32 | 14 (2025-07-11) E | 98.87% | 0.50% | 1.09x |
| BB | 2.5 | 0.11 | 4.32 | 149 (2026-01-16) E | 91.21% | 4.40% | 1.07x |