Recommendation: ST
Current Price: $6.69
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 | 6.5 | 0.04 | 6.69 | 4 (2026-02-06) | 76.66% | 0.62% | 1.27x |
| NOK | 6.5 | 0.11 | 6.69 | 14 (2026-02-20) | 66.93% | 1.69% | 1.22x |
| NOK | 5.5 | 0.01 | 6.69 | 4 (2026-02-06) | 97.96% | 0.18% | 1.09x |
| NOK | 6.0 | 0.02 | 6.69 | 9 (2026-02-13) | 92.04% | 0.33% | 1.09x |
| NOK | 6.0 | 0.01 | 6.69 | 4 (2026-02-06) | 95.53% | 0.17% | 1.08x |
| NOK | 6.0 | 0.13 | 6.69 | 54 (2026-04-17) | 79.09% | 2.17% | 1.08x |
| NOK | 6.0 | 0.05 | 6.69 | 24 (2026-03-06) | 86.30% | 0.83% | 1.08x |
| NOK | 6.0 | 0.24 | 6.69 | 98 (2026-06-18) | 73.94% | 4.00% | 1.08x |
| NOK | 6.0 | 0.28 | 6.69 | 119 (2026-07-17) | 73.05% | 4.67% | 1.07x |
| NOK | 5.5 | 0.02 | 6.69 | 14 (2026-02-20) | 95.20% | 0.36% | 1.06x |
| NOK | 6.0 | 0.01 | 6.69 | 14 (2026-02-20) | 96.53% | 0.17% | 1.03x |