Recommendation: NO
Current Price: $14.01
Total Wheels: 2
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 |
|---|---|---|---|---|---|---|---|
| AAL | 14.0 | 0.48 | 14.01 | 14 (2026-02-20) | 52.25% | 3.43% | 1.38x |
| AAL | 13.5 | 0.37 | 14.01 | 19 (2026-02-27) | 65.62% | 2.74% | 1.27x |
| AAL | 14.0 | 0.81 | 14.01 | 34 (2026-03-20) | 53.38% | 5.79% | 1.25x |
| AAL | 14.0 | 1.24 | 14.01 | 74 (2026-05-15) | 54.99% | 8.86% | 1.18x |
| AAL | 13.0 | 0.8 | 14.01 | 74 (2026-05-15) | 67.38% | 6.15% | 1.15x |
| AAL | 13.0 | 0.94 | 14.01 | 98 (2026-06-18) | 66.56% | 7.23% | 1.13x |
| AAL | 12.0 | 0.49 | 14.01 | 74 (2026-05-15) | 77.92% | 4.08% | 1.11x |
| AAL | 13.0 | 1.14 | 14.01 | 144 (2026-08-21) | 65.98% | 8.77% | 1.10x |
| AAL | 12.0 | 0.61 | 14.01 | 98 (2026-06-18) | 76.34% | 5.08% | 1.10x |
| AAL | 12.0 | 0.03 | 14.01 | 9 (2026-02-13) | 94.84% | 0.25% | 1.07x |
| AAL | 8.0 | 0.01 | 14.01 | 4 (2026-02-06) | 99.48% | 0.13% | 1.06x |
| AAL | 8.0 | 0.15 | 14.01 | 74 (2026-05-15) | 94.58% | 1.87% | 1.06x |
| AAL | 10.0 | 0.22 | 14.01 | 98 (2026-06-18) | 90.11% | 2.20% | 1.05x |
| AAL | 11.0 | 0.08 | 14.01 | 34 (2026-03-20) | 93.20% | 0.73% | 1.05x |
| AAL | 12.5 | 0.01 | 14.01 | 4 (2026-02-06) | 96.23% | 0.08% | 1.04x |
| AAL | 9.0 | 0.1 | 14.01 | 74 (2026-05-15) | 95.73% | 1.11% | 1.04x |
| AAL | 10.5 | 0.02 | 14.01 | 14 (2026-02-20) | 97.52% | 0.19% | 1.03x |
| AAL | 9.0 | 0.04 | 14.01 | 34 (2026-03-20) | 97.11% | 0.44% | 1.03x |
| AAL | 11.0 | 0.02 | 14.01 | 14 (2026-02-20) | 97.31% | 0.18% | 1.03x |
| AAL | 10.0 | 0.01 | 14.01 | 9 (2026-02-13) | 99.10% | 0.10% | 1.03x |
| AAL | 8.0 | 0.03 | 14.01 | 34 (2026-03-20) | 98.23% | 0.37% | 1.03x |
| AAL | 11.0 | 0.01 | 14.01 | 9 (2026-02-13) | 97.91% | 0.09% | 1.03x |
| AAL | 5.0 | 0.04 | 14.01 | 98 (2026-06-18) | 98.70% | 0.80% | 1.02x |
| AAL | 10.0 | 0.01 | 14.01 | 14 (2026-02-20) | 98.88% | 0.10% | 1.02x |