Recommendation: ST
Current Price: $12.92
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 | 12.5 | 0.26 | 12.92 | 4 (2026-07-02) | 66.61% | 2.08% | 2.00x |
| NOK | 12.5 | 0.47 | 12.92 | 10 (2026-07-10) | 62.64% | 3.76% | 1.80x |
| NOK | 12.5 | 0.91 | 12.92 | 20 (2026-07-24) | 60.37% | 7.28% | 1.72x |
| NOK | 12.0 | 0.7 | 12.92 | 20 (2026-07-24) | 67.32% | 5.83% | 1.62x |
| NOK | 12.0 | 0.3 | 12.92 | 10 (2026-07-10) | 73.83% | 2.50% | 1.59x |
| NOK | 12.0 | 0.47 | 12.92 | 15 (2026-07-17) | 69.76% | 3.92% | 1.57x |
| NOK | 12.0 | 0.11 | 12.92 | 4 (2026-07-02) | 82.24% | 0.92% | 1.46x |
| NOK | 12.0 | 1.09 | 12.92 | 40 (2026-08-21) | 65.47% | 9.08% | 1.44x |
| NOK | 12.0 | 1.35 | 12.92 | 60 (2026-09-18) | 65.16% | 11.25% | 1.35x |
| NOK | 11.0 | 0.68 | 12.92 | 40 (2026-08-21) | 75.33% | 6.18% | 1.33x |
| NOK | 11.0 | 0.21 | 12.92 | 15 (2026-07-17) | 84.00% | 1.91% | 1.31x |
| NOK | 12.0 | 1.58 | 12.92 | 80 (2026-10-16) | 65.19% | 13.17% | 1.30x |
| NOK | 11.0 | 0.91 | 12.92 | 60 (2026-09-18) | 73.61% | 8.27% | 1.28x |
| NOK | 12.0 | 1.88 | 12.92 | 105 (2026-11-20) | 65.50% | 15.67% | 1.26x |
| NOK | 10.0 | 0.21 | 12.92 | 20 (2026-07-24) | 87.94% | 2.10% | 1.26x |
| NOK | 11.0 | 1.12 | 12.92 | 80 (2026-10-16) | 72.64% | 10.18% | 1.25x |
| NOK | 12.0 | 2.04 | 12.92 | 125 (2026-12-18) | 65.77% | 17.00% | 1.24x |
| NOK | 10.0 | 0.39 | 12.92 | 40 (2026-08-21) | 83.92% | 3.90% | 1.22x |
| NOK | 11.0 | 1.54 | 12.92 | 125 (2026-12-18) | 71.81% | 14.00% | 1.21x |
| NOK | 10.0 | 0.56 | 12.92 | 60 (2026-09-18) | 81.48% | 5.60% | 1.21x |
| NOK | 10.0 | 0.75 | 12.92 | 80 (2026-10-16) | 79.71% | 7.50% | 1.20x |
| NOK | 10.5 | 0.04 | 12.92 | 4 (2026-07-02) | 95.07% | 0.38% | 1.20x |
| NOK | 10.0 | 0.97 | 12.92 | 105 (2026-11-20) | 78.33% | 9.70% | 1.19x |
| NOK | 10.0 | 1.1 | 12.92 | 125 (2026-12-18) | 77.87% | 11.00% | 1.18x |
| NOK | 9.0 | 0.64 | 12.92 | 105 (2026-11-20) | 84.27% | 7.11% | 1.15x |
| NOK | 9.0 | 0.75 | 12.92 | 125 (2026-12-18) | 83.44% | 8.33% | 1.15x |
| NOK | 9.0 | 0.45 | 12.92 | 80 (2026-10-16) | 86.21% | 5.00% | 1.14x |
| NOK | 8.0 | 0.04 | 12.92 | 10 (2026-07-10) | 97.14% | 0.50% | 1.13x |
| NOK | 9.0 | 0.19 | 12.92 | 40 (2026-08-21) | 90.90% | 2.11% | 1.13x |
| NOK | 8.0 | 0.45 | 12.92 | 125 (2026-12-18) | 88.71% | 5.63% | 1.10x |
| NOK | 6.0 | 0.02 | 12.92 | 10 (2026-07-10) | 98.93% | 0.33% | 1.09x |
| NOK | 7.0 | 0.02 | 12.92 | 10 (2026-07-10) | 98.65% | 0.29% | 1.07x |
| NOK | 7.0 | 0.03 | 12.92 | 15 (2026-07-17) | 98.19% | 0.43% | 1.07x |
| NOK | 7.0 | 0.21 | 12.92 | 105 (2026-11-20) | 93.56% | 3.00% | 1.07x |
| NOK | 7.0 | 0.25 | 12.92 | 125 (2026-12-18) | 93.01% | 3.57% | 1.07x |
| NOK | 6.0 | 0.02 | 12.92 | 15 (2026-07-17) | 98.90% | 0.33% | 1.06x |
| NOK | 9.0 | 0.02 | 12.92 | 10 (2026-07-10) | 98.17% | 0.22% | 1.06x |
| NOK | 5.0 | 0.03 | 12.92 | 60 (2026-09-18) | 98.74% | 0.60% | 1.03x |
| NOK | 5.0 | 0.03 | 12.92 | 105 (2026-11-20) | 98.92% | 0.60% | 1.01x |
| NOK | 3.0 | 0.01 | 12.92 | 80 (2026-10-16) | 99.74% | 0.33% | 1.01x |
| NOK | 4.0 | 0.01 | 12.92 | 60 (2026-09-18) | 99.49% | 0.25% | 1.01x |