Recommendation: ST
Current Price: $8.25
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 | 8.0 | 0.14 | 8.25 | 8 (2026-04-02) | 67.36% | 1.75% | 1.45x |
| NOK | 7.5 | 0.02 | 8.25 | 4 (2026-03-27) | 93.20% | 0.27% | 1.13x |
| NOK | 6.0 | 0.08 | 8.25 | 29 (2026-05-01) | 92.11% | 1.33% | 1.11x |
| NOK | 7.0 | 0.29 | 8.25 | 84 (2026-07-17) | 78.38% | 4.14% | 1.10x |
| NOK | 7.0 | 0.46 | 8.25 | 129 (2026-09-18) | 75.34% | 6.57% | 1.10x |
| NOK | 7.0 | 0.01 | 8.25 | 4 (2026-03-27) | 95.77% | 0.14% | 1.07x |
| NOK | 6.0 | 0.06 | 8.25 | 39 (2026-05-15) | 93.39% | 1.00% | 1.06x |
| NOK | 6.0 | 0.17 | 8.25 | 129 (2026-09-18) | 88.18% | 2.83% | 1.05x |
| NOK | 4.5 | 0.01 | 8.25 | 19 (2026-04-17) | 98.84% | 0.22% | 1.03x |
| NOK | 5.0 | 0.05 | 8.25 | 84 (2026-07-17) | 95.89% | 1.00% | 1.03x |
| NOK | 5.0 | 0.02 | 8.25 | 39 (2026-05-15) | 98.18% | 0.40% | 1.03x |
| NOK | 6.0 | 0.01 | 8.25 | 19 (2026-04-17) | 98.07% | 0.17% | 1.02x |
| NOK | 4.0 | 0.01 | 8.25 | 39 (2026-05-15) | 99.41% | 0.25% | 1.02x |
| NOK | 3.0 | 0.01 | 8.25 | 63 (2026-06-18) | 99.30% | 0.33% | 1.01x |
| NOK | 4.0 | 0.01 | 8.25 | 63 (2026-06-18) | 99.18% | 0.25% | 1.01x |