Recommendation: ST
Current Price: $3.59
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 | 3.5 | 0.1 | 3.59 | 9 (2025-05-16) | 62.18% | 2.86% | 1.64x |
| BB | 3.5 | 0.05 | 3.59 | 4 (2025-05-09) | 66.36% | 1.43% | 1.61x |
| BB | 3.5 | 0.14 | 3.59 | 14 (2025-05-23) | 60.38% | 4.00% | 1.54x |
| BB | 2.5 | 0.02 | 3.59 | 4 (2025-05-09) | 95.50% | 0.80% | 1.47x |
| BB | 3.5 | 0.16 | 3.59 | 19 (2025-05-30) | 59.99% | 4.57% | 1.43x |
| BB | 3.5 | 0.2 | 3.59 | 24 (2025-06-06) | 59.59% | 5.71% | 1.42x |
| BB | 2.0 | 0.04 | 3.59 | 14 (2025-05-23) | 94.30% | 2.00% | 1.40x |
| BB | 3.0 | 0.09 | 3.59 | 19 (2025-05-30) | 81.41% | 3.00% | 1.38x |
| BB | 3.0 | 0.04 | 3.59 | 14 (2025-05-23) | 87.56% | 1.33% | 1.23x |
| BB | 3.0 | 0.01 | 3.59 | 4 (2025-05-09) | 94.81% | 0.33% | 1.17x |
| BB | 3.0 | 0.24 | 3.59 | 99 (2025-09-19) E | 75.20% | 8.00% | 1.16x |
| BB | 2.0 | 0.2 | 3.59 | 184 (2026-01-16) E | 88.86% | 10.00% | 1.12x |
| BB | 1.5 | 0.07 | 3.59 | 99 (2025-09-19) E | 94.95% | 4.67% | 1.12x |
| BB | 2.5 | 0.01 | 3.59 | 9 (2025-05-16) | 97.40% | 0.40% | 1.12x |
| BB | 2.5 | 0.03 | 3.59 | 34 (2025-06-20) | 93.50% | 1.20% | 1.09x |
| BB | 2.0 | 0.05 | 3.59 | 99 (2025-09-19) E | 93.78% | 2.50% | 1.06x |
| BB | 1.0 | 0.02 | 3.59 | 184 (2026-01-16) E | 98.38% | 2.00% | 1.03x |