Recommendation: NO
Current Price: $228.75
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 | 227.5 | 3.7 | 228.75 | 4 (2025-05-09) | 55.66% | 1.63% | 1.57x |
| RCL | 225.0 | 2.8 | 228.75 | 4 (2025-05-09) | 64.19% | 1.24% | 1.49x |
| RCL | 227.5 | 5.07 | 228.75 | 9 (2025-05-16) | 54.88% | 2.23% | 1.41x |
| RCL | 222.5 | 2.02 | 228.75 | 4 (2025-05-09) | 72.05% | 0.91% | 1.39x |
| RCL | 225.0 | 4.05 | 228.75 | 9 (2025-05-16) | 61.62% | 1.80% | 1.36x |
| RCL | 222.5 | 3.7 | 228.75 | 9 (2025-05-16) | 66.69% | 1.66% | 1.36x |
| RCL | 220.0 | 2.92 | 228.75 | 9 (2025-05-16) | 72.11% | 1.33% | 1.31x |
| RCL | 220.0 | 1.47 | 228.75 | 4 (2025-05-09) | 78.49% | 0.67% | 1.30x |
| RCL | 225.0 | 7.6 | 228.75 | 19 (2025-05-30) | 58.56% | 3.38% | 1.30x |
| RCL | 217.5 | 2.46 | 228.75 | 9 (2025-05-16) | 76.33% | 1.13% | 1.27x |
| RCL | 215.0 | 2.02 | 228.75 | 9 (2025-05-16) | 80.16% | 0.94% | 1.23x |
| RCL | 220.0 | 8.3 | 228.75 | 34 (2025-06-20) | 64.05% | 3.77% | 1.19x |
| RCL | 217.5 | 0.88 | 228.75 | 4 (2025-05-09) | 85.24% | 0.40% | 1.19x |
| RCL | 215.0 | 3.7 | 228.75 | 19 (2025-05-30) | 74.77% | 1.72% | 1.18x |
| RCL | 220.0 | 11.55 | 228.75 | 54 (2025-07-18) | 62.49% | 5.25% | 1.16x |
| RCL | 210.0 | 5.75 | 228.75 | 34 (2025-06-20) | 74.26% | 2.74% | 1.16x |
| RCL | 220.0 | 15.05 | 228.75 | 74 (2025-08-15) E | 61.71% | 6.84% | 1.15x |
| RCL | 215.0 | 0.62 | 228.75 | 4 (2025-05-09) | 89.26% | 0.29% | 1.14x |
| RCL | 210.0 | 8.15 | 228.75 | 54 (2025-07-18) | 71.52% | 3.88% | 1.14x |
| RCL | 207.5 | 1.05 | 228.75 | 9 (2025-05-16) | 88.91% | 0.51% | 1.13x |
| RCL | 210.0 | 11.35 | 228.75 | 74 (2025-08-15) E | 69.29% | 5.40% | 1.13x |
| RCL | 210.0 | 13.95 | 228.75 | 99 (2025-09-19) E | 68.18% | 6.64% | 1.12x |
| RCL | 200.0 | 8.65 | 228.75 | 74 (2025-08-15) E | 75.78% | 4.33% | 1.12x |
| RCL | 212.5 | 0.5 | 228.75 | 4 (2025-05-09) | 91.38% | 0.24% | 1.11x |
| RCL | 200.0 | 5.9 | 228.75 | 54 (2025-07-18) | 78.78% | 2.95% | 1.11x |
| RCL | 200.0 | 3.45 | 228.75 | 34 (2025-06-20) | 82.99% | 1.73% | 1.11x |
| RCL | 195.0 | 7.45 | 228.75 | 74 (2025-08-15) E | 78.72% | 3.82% | 1.11x |
| RCL | 200.0 | 10.15 | 228.75 | 99 (2025-09-19) E | 74.67% | 5.08% | 1.10x |
| RCL | 195.0 | 9.5 | 228.75 | 99 (2025-09-19) E | 76.95% | 4.87% | 1.10x |
| RCL | 180.0 | 1.28 | 228.75 | 19 (2025-05-30) | 93.11% | 0.71% | 1.09x |
| RCL | 190.0 | 1.75 | 228.75 | 24 (2025-06-06) | 90.13% | 0.92% | 1.09x |
| RCL | 210.0 | 0.37 | 228.75 | 4 (2025-05-09) | 93.63% | 0.18% | 1.09x |
| RCL | 190.0 | 2.4 | 228.75 | 34 (2025-06-20) | 88.16% | 1.26% | 1.09x |
| RCL | 190.0 | 0.81 | 228.75 | 14 (2025-05-23) | 93.81% | 0.43% | 1.07x |
| RCL | 190.0 | 1.1 | 228.75 | 19 (2025-05-30) | 92.47% | 0.58% | 1.07x |
| RCL | 185.0 | 0.9 | 228.75 | 19 (2025-05-30) | 94.10% | 0.49% | 1.06x |
| RCL | 180.0 | 1.51 | 228.75 | 34 (2025-06-20) | 92.40% | 0.84% | 1.06x |
| RCL | 170.0 | 2.12 | 228.75 | 54 (2025-07-18) | 91.99% | 1.25% | 1.05x |
| RCL | 180.0 | 0.8 | 228.75 | 24 (2025-06-06) | 94.80% | 0.44% | 1.05x |