Recommendation: ST
Current Price: $13.57
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 | 13.0 | 0.11 | 13.57 | 3 (2026-05-15) | 77.35% | 0.85% | 1.39x |
| NOK | 11.5 | 0.08 | 13.57 | 8 (2026-05-22) | 90.58% | 0.70% | 1.22x |
| NOK | 10.5 | 0.1 | 13.57 | 13 (2026-05-29) | 93.85% | 0.95% | 1.19x |
| NOK | 11.0 | 0.13 | 13.57 | 18 (2026-06-05) | 89.88% | 1.18% | 1.16x |
| NOK | 10.5 | 0.08 | 13.57 | 18 (2026-06-05) | 93.37% | 0.76% | 1.10x |
| NOK | 10.0 | 0.05 | 13.57 | 18 (2026-06-05) | 95.54% | 0.50% | 1.07x |
| NOK | 10.0 | 0.03 | 13.57 | 13 (2026-05-29) | 96.55% | 0.30% | 1.06x |
| NOK | 10.0 | 0.01 | 13.57 | 3 (2026-05-15) | 98.71% | 0.10% | 1.05x |
| NOK | 10.5 | 0.01 | 13.57 | 3 (2026-05-15) | 98.99% | 0.10% | 1.05x |
| NOK | 11.0 | 0.01 | 13.57 | 3 (2026-05-15) | 98.51% | 0.09% | 1.05x |
| NOK | 11.5 | 0.01 | 13.57 | 3 (2026-05-15) | 97.70% | 0.09% | 1.04x |
| NOK | 9.0 | 0.02 | 13.57 | 13 (2026-05-29) | 98.20% | 0.22% | 1.04x |
| NOK | 6.0 | 0.04 | 13.57 | 48 (2026-07-17) | 98.37% | 0.67% | 1.03x |
| NOK | 7.0 | 0.04 | 13.57 | 48 (2026-07-17) | 97.99% | 0.57% | 1.03x |
| NOK | 8.0 | 0.04 | 13.57 | 48 (2026-07-17) | 97.56% | 0.50% | 1.03x |
| NOK | 9.0 | 0.02 | 13.57 | 27 (2026-06-18) | 97.95% | 0.22% | 1.02x |
| NOK | 5.0 | 0.04 | 13.57 | 113 (2026-10-16) | 98.54% | 0.80% | 1.02x |
| NOK | 4.0 | 0.01 | 13.57 | 48 (2026-07-17) | 99.60% | 0.25% | 1.01x |
| NOK | 5.0 | 0.02 | 13.57 | 93 (2026-09-18) | 99.07% | 0.40% | 1.01x |
| NOK | 3.0 | 0.01 | 13.57 | 113 (2026-10-16) | 99.74% | 0.33% | 1.01x |
| NOK | 4.0 | 0.01 | 13.57 | 93 (2026-09-18) | 99.76% | 0.25% | 1.01x |