Recommendation: ST
Current Price: $5.17
Total Wheels: 9
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 |
|---|---|---|---|---|---|---|---|
| NOK | 5.0 | 0.02 | 5.17 | 4 (2025-06-27) | 79.98% | 0.40% | 1.17x |
| NOK | 5.0 | 0.08 | 5.17 | 19 (2025-07-18) | 68.66% | 1.60% | 1.16x |
| NOK | 4.5 | 0.14 | 5.17 | 84 (2025-10-17) E | 78.85% | 3.11% | 1.08x |
| NOK | 2.5 | 0.01 | 5.17 | 19 (2025-07-18) | 98.67% | 0.40% | 1.05x |
| NOK | 3.0 | 0.01 | 5.17 | 19 (2025-07-18) | 98.00% | 0.33% | 1.04x |
| NOK | 4.0 | 0.1 | 5.17 | 149 (2026-01-16) E | 84.62% | 2.50% | 1.04x |
| NOK | 4.0 | 0.05 | 5.17 | 84 (2025-10-17) E | 91.29% | 1.25% | 1.03x |
| NOK | 2.5 | 0.03 | 5.17 | 149 (2026-01-16) E | 96.79% | 1.20% | 1.02x |
| NOK | 1.0 | 0.01 | 5.17 | 149 (2026-01-16) E | 99.31% | 1.00% | 1.02x |
| NOK | 2.0 | 0.01 | 5.17 | 149 (2026-01-16) E | 99.06% | 0.50% | 1.01x |