Recommendation: NO
Current Price: $242.70
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 | 240.0 | 3.9 | 242.70 | 5 (2026-10-02) | 59.39% | 1.63% | 1.62x |
| RCL | 240.0 | 15.0 | 242.70 | 40 (2026-11-20) | 56.25% | 6.25% | 1.24x |
| RCL | 230.0 | 3.9 | 242.70 | 15 (2026-10-16) | 73.33% | 1.70% | 1.23x |
| RCL | 230.0 | 10.8 | 242.70 | 40 (2026-11-20) | 65.60% | 4.70% | 1.21x |
| RCL | 240.0 | 17.6 | 242.70 | 60 (2026-12-18) | 56.51% | 7.33% | 1.19x |
| RCL | 240.0 | 20.3 | 242.70 | 80 (2027-01-15) | 56.85% | 8.46% | 1.16x |
| RCL | 210.0 | 5.0 | 242.70 | 40 (2026-11-20) | 81.32% | 2.38% | 1.13x |
| RCL | 240.0 | 24.4 | 242.70 | 125 (2027-03-19) | 57.53% | 10.17% | 1.12x |
| RCL | 200.0 | 4.8 | 242.70 | 60 (2026-12-18) | 84.26% | 2.40% | 1.09x |
| RCL | 210.0 | 18.9 | 242.70 | 189 (2027-06-17) | 72.25% | 9.00% | 1.09x |