Recommendation: ST
Current Price: $8.80
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 | 8.5 | 0.14 | 8.80 | 5 (2026-10-02) | 68.68% | 1.65% | 1.76x |
| BB | 8.5 | 0.23 | 8.80 | 10 (2026-10-09) | 65.16% | 2.71% | 1.55x |
| BB | 8.5 | 0.32 | 8.80 | 15 (2026-10-16) | 62.96% | 3.76% | 1.48x |
| BB | 8.5 | 0.65 | 8.80 | 30 (2026-11-06) | 60.62% | 7.65% | 1.46x |
| BB | 8.0 | 0.1 | 8.80 | 10 (2026-10-09) | 83.54% | 1.25% | 1.30x |
| BB | 8.0 | 0.16 | 8.80 | 15 (2026-10-16) | 78.18% | 2.00% | 1.30x |
| BB | 2.0 | 0.01 | 8.80 | 5 (2026-10-02) | 99.76% | 0.50% | 1.29x |
| BB | 8.0 | 0.21 | 8.80 | 20 (2026-10-23) | 75.63% | 2.62% | 1.28x |
| BB | 8.0 | 0.27 | 8.80 | 25 (2026-10-30) | 73.65% | 3.38% | 1.28x |
| BB | 8.0 | 0.43 | 8.80 | 40 (2026-11-20) | 70.36% | 5.37% | 1.26x |
| BB | 8.0 | 0.04 | 8.80 | 5 (2026-10-02) | 88.51% | 0.50% | 1.25x |
| BB | 8.0 | 0.61 | 8.80 | 60 (2026-12-18) | 68.44% | 7.62% | 1.24x |
| BB | 7.5 | 0.09 | 8.80 | 15 (2026-10-16) | 87.29% | 1.20% | 1.19x |
| BB | 7.5 | 0.12 | 8.80 | 20 (2026-10-23) | 85.47% | 1.60% | 1.19x |
| BB | 7.5 | 0.15 | 8.80 | 25 (2026-10-30) | 83.81% | 2.00% | 1.18x |
| BB | 3.0 | 0.01 | 8.80 | 5 (2026-10-02) | 99.62% | 0.33% | 1.18x |
| BB | 8.0 | 0.99 | 8.80 | 125 (2027-03-19) | 67.21% | 12.37% | 1.17x |
| BB | 7.0 | 0.68 | 8.80 | 125 (2027-03-19) | 77.04% | 9.71% | 1.16x |
| BB | 7.0 | 0.3 | 8.80 | 60 (2026-12-18) | 81.22% | 4.29% | 1.15x |
| BB | 7.5 | 0.02 | 8.80 | 5 (2026-10-02) | 94.96% | 0.27% | 1.14x |
| BB | 7.5 | 0.04 | 8.80 | 10 (2026-10-09) | 92.42% | 0.53% | 1.13x |
| BB | 7.0 | 0.15 | 8.80 | 40 (2026-11-20) | 86.79% | 2.14% | 1.12x |
| BB | 6.0 | 0.01 | 8.80 | 5 (2026-10-02) | 98.56% | 0.17% | 1.09x |
| BB | 6.5 | 0.01 | 8.80 | 5 (2026-10-02) | 98.40% | 0.15% | 1.08x |
| BB | 6.5 | 0.02 | 8.80 | 10 (2026-10-09) | 97.05% | 0.31% | 1.08x |
| BB | 7.0 | 0.01 | 8.80 | 5 (2026-10-02) | 98.39% | 0.14% | 1.07x |
| BB | 7.0 | 0.02 | 8.80 | 10 (2026-10-09) | 96.69% | 0.29% | 1.07x |
| BB | 5.0 | 0.17 | 8.80 | 125 (2027-03-19) | 92.62% | 3.40% | 1.06x |
| BB | 4.5 | 0.07 | 8.80 | 60 (2026-12-18) | 96.30% | 1.56% | 1.06x |
| BB | 5.5 | 0.08 | 8.80 | 60 (2026-12-18) | 94.34% | 1.45% | 1.06x |
| BB | 6.5 | 0.03 | 8.80 | 20 (2026-10-23) | 96.00% | 0.46% | 1.06x |
| BB | 7.0 | 0.02 | 8.80 | 15 (2026-10-16) | 96.17% | 0.29% | 1.05x |
| BB | 6.5 | 0.03 | 8.80 | 25 (2026-10-30) | 95.93% | 0.46% | 1.05x |
| BB | 4.5 | 0.05 | 8.80 | 80 (2027-01-15) | 96.95% | 1.11% | 1.03x |
| BB | 6.0 | 0.01 | 8.80 | 15 (2026-10-16) | 98.27% | 0.17% | 1.03x |
| BB | 6.5 | 0.01 | 8.80 | 15 (2026-10-16) | 97.70% | 0.15% | 1.03x |
| BB | 2.5 | 0.02 | 8.80 | 80 (2027-01-15) | 99.03% | 0.80% | 1.03x |
| BB | 3.0 | 0.02 | 8.80 | 80 (2027-01-15) | 99.09% | 0.67% | 1.02x |