Recommendation: NO
Current Price: $126.35
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 |
|---|---|---|---|---|---|---|---|
| UAL | 123.0 | 1.29 | 126.35 | 7 (2026-08-21) | 70.42% | 1.05% | 1.30x |
| UAL | 123.0 | 2.23 | 126.35 | 12 (2026-08-28) | 65.72% | 1.81% | 1.28x |
| UAL | 125.0 | 5.5 | 126.35 | 27 (2026-09-18) | 56.15% | 4.40% | 1.26x |
| UAL | 121.0 | 0.81 | 126.35 | 7 (2026-08-21) | 79.55% | 0.67% | 1.21x |
| UAL | 125.0 | 8.05 | 126.35 | 47 (2026-10-16) | 56.21% | 6.44% | 1.21x |
| UAL | 120.0 | 3.4 | 126.35 | 27 (2026-09-18) | 68.49% | 2.83% | 1.20x |
| UAL | 125.0 | 10.05 | 126.35 | 72 (2026-11-20) | 56.63% | 8.04% | 1.17x |
| UAL | 115.0 | 4.05 | 126.35 | 47 (2026-10-16) | 73.31% | 3.52% | 1.15x |
| UAL | 115.0 | 5.95 | 126.35 | 72 (2026-11-20) | 70.55% | 5.17% | 1.13x |
| UAL | 115.0 | 1.94 | 126.35 | 27 (2026-09-18) | 79.46% | 1.69% | 1.13x |
| UAL | 110.0 | 2.69 | 126.35 | 47 (2026-10-16) | 80.56% | 2.45% | 1.11x |
| UAL | 105.0 | 1.62 | 126.35 | 47 (2026-10-16) | 86.93% | 1.54% | 1.07x |
| UAL | 97.5 | 2.63 | 126.35 | 92 (2026-12-18) | 86.51% | 2.70% | 1.07x |
| UAL | 95.0 | 2.17 | 126.35 | 92 (2026-12-18) | 88.47% | 2.28% | 1.06x |
| UAL | 92.5 | 1.84 | 126.35 | 92 (2026-12-18) | 90.03% | 1.99% | 1.05x |
| UAL | 90.0 | 1.53 | 126.35 | 92 (2026-12-18) | 91.50% | 1.70% | 1.04x |
| UAL | 117.0 | 0.01 | 126.35 | 2 (2026-08-14) | 99.25% | 0.01% | 1.00x |
| UAL | 119.0 | 0.01 | 126.35 | 2 (2026-08-14) | 98.98% | 0.01% | 1.00x |
| UAL | 120.0 | 0.01 | 126.35 | 2 (2026-08-14) | 98.76% | 0.01% | 1.00x |