Recommendation: NO
Current Price: $308.00
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 | 300.0 | 10.1 | 308.00 | 28 (2026-09-18) | 61.57% | 3.37% | 1.20x |
| RCL | 290.0 | 6.6 | 308.00 | 28 (2026-09-18) | 71.99% | 2.28% | 1.16x |
| RCL | 280.0 | 4.1 | 308.00 | 28 (2026-09-18) | 80.70% | 1.46% | 1.11x |
| RCL | 287.5 | 0.62 | 308.00 | 3 (2026-08-14) | 91.53% | 0.22% | 1.10x |
| RCL | 240.0 | 0.52 | 308.00 | 28 (2026-09-18) | 97.01% | 0.22% | 1.02x |