Recommendation: ST
Current Price: $1.11
Total Wheels: 4
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 |
|---|---|---|---|---|---|---|---|
| GPRO | 1.0 | 0.05 | 1.11 | 1 (2026-05-15) | 71.58% | 5.00% | 5.88x |
| GPRO | 1.0 | 0.15 | 1.11 | 46 (2026-07-17) | 67.72% | 15.00% | 1.70x |
| GPRO | 0.5 | 0.05 | 1.11 | 46 (2026-07-17) | 91.56% | 10.00% | 1.62x |
| GPRO | 1.0 | 0.07 | 1.11 | 25 (2026-06-18) | 69.50% | 7.00% | 1.61x |
| GPRO | 1.0 | 0.24 | 1.11 | 111 (2026-10-16) | 69.38% | 24.00% | 1.42x |
| GPRO | 1.0 | 0.43 | 1.11 | 441 (2028-01-21) | 76.30% | 43.00% | 1.18x |
| GPRO | 0.5 | 0.13 | 1.11 | 441 (2028-01-21) | 89.84% | 26.00% | 1.13x |