Recommendation: NO
Current Price: $24.04
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 | 24.0 | 0.74 | 24.04 | 4 (2025-06-27) | 52.48% | 3.08% | 2.25x |
| CCL | 23.5 | 0.51 | 24.04 | 4 (2025-06-27) | 62.91% | 2.17% | 1.98x |
| CCL | 24.0 | 0.88 | 24.04 | 8 (2025-07-03) | 52.67% | 3.67% | 1.83x |
| CCL | 23.0 | 0.35 | 24.04 | 4 (2025-06-27) | 72.22% | 1.52% | 1.73x |
| CCL | 23.5 | 0.65 | 24.04 | 8 (2025-07-03) | 61.39% | 2.77% | 1.70x |
| CCL | 23.0 | 0.49 | 24.04 | 8 (2025-07-03) | 69.19% | 2.13% | 1.59x |
| CCL | 22.5 | 0.23 | 24.04 | 4 (2025-06-27) | 80.02% | 1.02% | 1.51x |
| CCL | 24.0 | 0.99 | 24.04 | 14 (2025-07-11) | 52.88% | 4.13% | 1.47x |
| CCL | 23.5 | 0.82 | 24.04 | 14 (2025-07-11) | 60.30% | 3.49% | 1.45x |
| CCL | 22.5 | 0.35 | 24.04 | 8 (2025-07-03) | 76.29% | 1.56% | 1.45x |
| CCL | 24.0 | 1.45 | 24.04 | 24 (2025-07-25) | 53.67% | 6.04% | 1.40x |
| CCL | 23.0 | 0.64 | 24.04 | 14 (2025-07-11) | 67.13% | 2.78% | 1.40x |
| CCL | 24.0 | 1.1 | 24.04 | 19 (2025-07-18) | 53.06% | 4.58% | 1.38x |
| CCL | 22.5 | 0.52 | 24.04 | 14 (2025-07-11) | 72.75% | 2.31% | 1.35x |
| CCL | 23.0 | 1.27 | 24.04 | 29 (2025-08-01) | 63.08% | 5.52% | 1.35x |
| CCL | 22.0 | 0.15 | 24.04 | 4 (2025-06-27) | 85.92% | 0.68% | 1.34x |
| CCL | 22.0 | 0.25 | 24.04 | 8 (2025-07-03) | 82.05% | 1.14% | 1.34x |
| CCL | 23.0 | 0.73 | 24.04 | 19 (2025-07-18) | 66.22% | 3.17% | 1.32x |
| CCL | 23.0 | 0.86 | 24.04 | 24 (2025-07-25) | 65.10% | 3.74% | 1.29x |
| CCL | 23.5 | 1.17 | 24.04 | 29 (2025-08-01) | 59.13% | 4.98% | 1.29x |
| CCL | 22.0 | 0.39 | 24.04 | 14 (2025-07-11) | 78.34% | 1.77% | 1.28x |
| CCL | 21.5 | 0.2 | 24.04 | 8 (2025-07-03) | 84.74% | 0.93% | 1.28x |
| CCL | 24.0 | 1.5 | 24.04 | 39 (2025-08-15) | 53.86% | 6.25% | 1.24x |
| CCL | 21.5 | 0.1 | 24.04 | 4 (2025-06-27) | 88.26% | 0.47% | 1.23x |
| CCL | 22.0 | 0.44 | 24.04 | 19 (2025-07-18) | 77.32% | 2.00% | 1.23x |
| CCL | 22.0 | 0.57 | 24.04 | 24 (2025-07-25) | 75.13% | 2.59% | 1.22x |
| CCL | 23.0 | 1.09 | 24.04 | 39 (2025-08-15) | 63.84% | 4.74% | 1.21x |
| CCL | 21.0 | 0.13 | 24.04 | 8 (2025-07-03) | 90.10% | 0.62% | 1.19x |
| CCL | 22.0 | 0.78 | 24.04 | 39 (2025-08-15) | 72.54% | 3.55% | 1.18x |
| CCL | 24.0 | 1.85 | 24.04 | 64 (2025-09-19) | 54.63% | 7.71% | 1.18x |
| CCL | 21.0 | 0.48 | 24.04 | 29 (2025-08-01) | 80.81% | 2.29% | 1.17x |
| CCL | 21.0 | 0.21 | 24.04 | 14 (2025-07-11) | 86.91% | 1.00% | 1.17x |
| CCL | 23.0 | 1.45 | 24.04 | 64 (2025-09-19) | 62.75% | 6.30% | 1.17x |
| CCL | 20.0 | 0.18 | 24.04 | 14 (2025-07-11) | 90.25% | 0.90% | 1.16x |
| CCL | 21.0 | 0.06 | 24.04 | 4 (2025-06-27) | 93.93% | 0.29% | 1.14x |
| CCL | 20.5 | 0.38 | 24.04 | 29 (2025-08-01) | 84.21% | 1.85% | 1.14x |
| CCL | 22.0 | 1.08 | 24.04 | 64 (2025-09-19) | 70.25% | 4.91% | 1.14x |
| CCL | 21.0 | 0.53 | 24.04 | 39 (2025-08-15) | 80.03% | 2.52% | 1.14x |
| CCL | 23.0 | 2.52 | 24.04 | 129 (2025-12-19) E | 62.15% | 10.96% | 1.14x |
| CCL | 20.5 | 0.09 | 24.04 | 8 (2025-07-03) | 92.93% | 0.44% | 1.14x |
| CCL | 20.5 | 0.15 | 24.04 | 14 (2025-07-11) | 90.20% | 0.73% | 1.13x |
| CCL | 21.0 | 0.21 | 24.04 | 19 (2025-07-18) | 87.12% | 1.00% | 1.12x |
| CCL | 24.0 | 2.57 | 24.04 | 129 (2025-12-19) E | 56.23% | 10.71% | 1.12x |
| CCL | 17.0 | 0.15 | 24.04 | 19 (2025-07-18) | 94.38% | 0.88% | 1.12x |
| CCL | 20.0 | 0.07 | 24.04 | 8 (2025-07-03) | 94.27% | 0.35% | 1.11x |
| CCL | 21.0 | 0.72 | 24.04 | 64 (2025-09-19) | 77.67% | 3.43% | 1.11x |
| CCL | 20.5 | 0.04 | 24.04 | 4 (2025-06-27) | 95.92% | 0.20% | 1.10x |
| CCL | 20.0 | 0.2 | 24.04 | 24 (2025-07-25) | 89.11% | 1.00% | 1.10x |
| CCL | 20.0 | 0.15 | 24.04 | 19 (2025-07-18) | 91.09% | 0.75% | 1.09x |
| CCL | 20.0 | 0.32 | 24.04 | 39 (2025-08-15) | 86.61% | 1.60% | 1.09x |
| CCL | 20.0 | 1.13 | 24.04 | 129 (2025-12-19) E | 77.61% | 5.65% | 1.09x |
| CCL | 20.0 | 0.5 | 24.04 | 64 (2025-09-19) | 83.64% | 2.50% | 1.08x |
| CCL | 18.0 | 0.55 | 24.04 | 84 (2025-10-17) E | 86.78% | 3.06% | 1.08x |
| CCL | 18.0 | 0.83 | 24.04 | 129 (2025-12-19) E | 84.23% | 4.61% | 1.08x |
| CCL | 19.0 | 0.9 | 24.04 | 129 (2025-12-19) E | 81.52% | 4.74% | 1.08x |
| CCL | 20.0 | 0.03 | 24.04 | 4 (2025-06-27) | 97.29% | 0.15% | 1.08x |
| CCL | 19.0 | 0.4 | 24.04 | 64 (2025-09-19) | 87.48% | 2.11% | 1.07x |
| CCL | 19.0 | 0.23 | 24.04 | 39 (2025-08-15) | 90.51% | 1.21% | 1.07x |
| CCL | 19.0 | 0.1 | 24.04 | 19 (2025-07-18) | 95.77% | 0.53% | 1.07x |
| CCL | 18.0 | 0.14 | 24.04 | 29 (2025-08-01) | 93.88% | 0.78% | 1.07x |
| CCL | 18.0 | 0.32 | 24.04 | 64 (2025-09-19) | 90.03% | 1.78% | 1.06x |
| CCL | 16.0 | 0.34 | 24.04 | 84 (2025-10-17) E | 91.88% | 2.13% | 1.06x |
| CCL | 17.0 | 0.51 | 24.04 | 129 (2025-12-19) E | 88.79% | 3.00% | 1.05x |
| CCL | 19.5 | 0.02 | 24.04 | 4 (2025-06-27) | 97.85% | 0.10% | 1.05x |
| CCL | 17.0 | 0.31 | 24.04 | 84 (2025-10-17) E | 91.36% | 1.82% | 1.05x |
| CCL | 19.5 | 0.03 | 24.04 | 8 (2025-07-03) | 96.92% | 0.15% | 1.05x |
| CCL | 17.0 | 0.2 | 24.04 | 64 (2025-09-19) | 92.81% | 1.18% | 1.04x |
| CCL | 18.0 | 0.05 | 24.04 | 19 (2025-07-18) | 97.04% | 0.28% | 1.04x |
| CCL | 15.0 | 0.1 | 24.04 | 64 (2025-09-19) | 97.38% | 0.67% | 1.03x |
| CCL | 15.0 | 0.01 | 24.04 | 19 (2025-07-18) | 99.39% | 0.07% | 1.01x |