Recommendation: NO
Current Price: $33.99
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 | 33.0 | 0.39 | 33.99 | 5 (2026-02-13) | 70.17% | 1.18% | 1.52x |
| CCL | 31.0 | 0.95 | 33.99 | 30 (2026-03-20) | 74.12% | 3.06% | 1.21x |
| CCL | 30.0 | 0.7 | 33.99 | 30 (2026-03-20) | 79.74% | 2.33% | 1.17x |
| CCL | 32.0 | 2.56 | 33.99 | 94 (2026-06-18) | 64.40% | 8.00% | 1.14x |
| CCL | 29.5 | 0.08 | 33.99 | 5 (2026-02-13) | 94.48% | 0.27% | 1.14x |
| CCL | 33.0 | 3.15 | 33.99 | 115 (2026-07-17) | 60.12% | 9.55% | 1.13x |
| CCL | 30.0 | 1.86 | 33.99 | 94 (2026-06-18) | 72.51% | 6.20% | 1.13x |
| CCL | 29.0 | 0.07 | 33.99 | 5 (2026-02-13) | 95.21% | 0.24% | 1.12x |
| CCL | 32.0 | 3.4 | 33.99 | 160 (2026-09-18) | 64.08% | 10.62% | 1.11x |
| CCL | 25.0 | 0.68 | 33.99 | 94 (2026-06-18) | 88.16% | 2.72% | 1.07x |