Recommendation: NO
Current Price: $3.87
Total Wheels: 26
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 |
|---|---|---|---|---|---|---|---|
| QS | 2.0 | 0.03 | 3.87 | 9 (2025-05-16) | 96.34% | 1.50% | 1.49x |
| QS | 3.5 | 0.08 | 3.87 | 14 (2025-05-23) | 77.84% | 2.29% | 1.37x |
| QS | 3.5 | 0.02 | 3.87 | 4 (2025-05-09) | 89.81% | 0.57% | 1.29x |
| QS | 3.0 | 0.42 | 3.87 | 184 (2026-01-16) E | 76.95% | 14.00% | 1.15x |
| QS | 3.0 | 0.3 | 3.87 | 144 (2025-11-21) E | 78.00% | 10.00% | 1.14x |
| QS | 2.0 | 0.12 | 3.87 | 184 (2026-01-16) E | 91.59% | 6.00% | 1.08x |