Recommendation: NO
Current Price: $339.85
Total Wheels: 1
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 |
|---|---|---|---|---|---|---|---|
| RCL | 330.0 | 11.5 | 339.85 | 29 (2026-12-18) | 62.21% | 3.48% | 1.20x |
| RCL | 330.0 | 26.3 | 339.85 | 94 (2027-03-19) | 60.01% | 7.97% | 1.13x |
| RCL | 320.0 | 20.9 | 339.85 | 94 (2027-03-19) | 65.10% | 6.53% | 1.12x |
| RCL | 290.0 | 19.4 | 339.85 | 158 (2027-06-17) | 74.84% | 6.69% | 1.08x |
| RCL | 290.0 | 1.14 | 339.85 | 14 (2026-11-27) | 93.33% | 0.39% | 1.07x |
| RCL | 260.0 | 6.3 | 339.85 | 94 (2027-03-19) | 87.54% | 2.42% | 1.06x |