Recommendation: NO
Current Price: $22.25
Total Wheels: 2
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 |
|---|---|---|---|---|---|---|---|
| CCL | 22.0 | 0.65 | 22.25 | 5 (2026-10-02) | 56.95% | 2.95% | 2.32x |
| CCL | 21.5 | 0.43 | 22.25 | 5 (2026-10-02) | 67.16% | 2.00% | 1.96x |
| CCL | 21.0 | 0.28 | 22.25 | 5 (2026-10-02) | 76.13% | 1.33% | 1.66x |
| CCL | 22.0 | 0.74 | 22.25 | 10 (2026-10-09) | 56.64% | 3.36% | 1.61x |
| CCL | 21.5 | 0.54 | 22.25 | 10 (2026-10-09) | 65.45% | 2.51% | 1.51x |
| CCL | 22.0 | 0.85 | 22.25 | 15 (2026-10-16) | 56.40% | 3.86% | 1.44x |
| CCL | 21.5 | 0.64 | 22.25 | 15 (2026-10-16) | 64.29% | 2.98% | 1.38x |
| CCL | 22.0 | 0.94 | 22.25 | 20 (2026-10-23) | 56.29% | 4.27% | 1.35x |
| CCL | 21.0 | 0.47 | 22.25 | 15 (2026-10-16) | 71.65% | 2.24% | 1.31x |
| CCL | 22.0 | 1.0 | 22.25 | 25 (2026-10-30) | 56.32% | 4.55% | 1.29x |
| CCL | 22.0 | 1.12 | 22.25 | 30 (2026-11-06) | 56.22% | 5.09% | 1.27x |
| CCL | 21.0 | 0.55 | 22.25 | 20 (2026-10-23) | 70.35% | 2.62% | 1.26x |
| CCL | 20.0 | 0.1 | 22.25 | 5 (2026-10-02) | 88.75% | 0.50% | 1.25x |
| CCL | 20.5 | 0.34 | 22.25 | 15 (2026-10-16) | 78.07% | 1.66% | 1.24x |
| CCL | 18.5 | 0.08 | 22.25 | 5 (2026-10-02) | 93.72% | 0.43% | 1.23x |
| CCL | 21.0 | 0.92 | 22.25 | 40 (2026-11-20) | 66.67% | 4.38% | 1.20x |
| CCL | 22.0 | 1.69 | 22.25 | 60 (2026-12-18) | 56.60% | 7.68% | 1.20x |
| CCL | 19.5 | 0.07 | 22.25 | 5 (2026-10-02) | 92.73% | 0.36% | 1.18x |
| CCL | 22.0 | 2.0 | 22.25 | 80 (2027-01-15) | 57.07% | 9.09% | 1.17x |
| CCL | 21.0 | 1.13 | 22.25 | 60 (2026-12-18) | 65.56% | 5.38% | 1.16x |
| CCL | 20.0 | 0.61 | 22.25 | 40 (2026-11-20) | 75.78% | 3.05% | 1.15x |
| CCL | 21.0 | 1.49 | 22.25 | 80 (2027-01-15) | 64.41% | 7.10% | 1.15x |
| CCL | 20.0 | 0.85 | 22.25 | 60 (2026-12-18) | 73.26% | 4.25% | 1.14x |
| CCL | 19.0 | 0.37 | 22.25 | 40 (2026-11-20) | 83.72% | 1.95% | 1.11x |
| CCL | 19.0 | 1.27 | 22.25 | 125 (2027-03-19) | 74.72% | 6.68% | 1.10x |
| CCL | 19.0 | 0.1 | 22.25 | 15 (2026-10-16) | 90.54% | 0.53% | 1.08x |
| CCL | 18.0 | 0.07 | 22.25 | 15 (2026-10-16) | 95.00% | 0.39% | 1.06x |
| CCL | 10.0 | 0.01 | 22.25 | 60 (2026-12-18) | 99.64% | 0.10% | 1.00x |