Recommendation: NO
Current Price: $13.52
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 | 13.5 | 0.29 | 13.52 | 5 (2026-10-02) | 52.27% | 2.15% | 1.76x |
| AAL | 13.5 | 0.48 | 13.52 | 10 (2026-10-09) | 52.58% | 3.56% | 1.59x |
| AAL | 13.5 | 0.6 | 13.52 | 15 (2026-10-16) | 52.89% | 4.44% | 1.48x |
| AAL | 13.0 | 0.28 | 13.52 | 10 (2026-10-09) | 68.02% | 2.15% | 1.44x |
| AAL | 13.5 | 0.74 | 13.52 | 20 (2026-10-23) | 53.36% | 5.48% | 1.44x |
| AAL | 13.0 | 0.11 | 13.52 | 5 (2026-10-02) | 76.34% | 0.85% | 1.38x |
| AAL | 13.5 | 0.78 | 13.52 | 25 (2026-10-30) | 53.53% | 5.78% | 1.36x |
| AAL | 13.0 | 0.36 | 13.52 | 15 (2026-10-16) | 66.02% | 2.77% | 1.36x |
| AAL | 13.0 | 0.5 | 13.52 | 20 (2026-10-23) | 63.49% | 3.85% | 1.36x |
| AAL | 13.0 | 0.52 | 13.52 | 25 (2026-10-30) | 63.70% | 4.00% | 1.29x |
| AAL | 13.0 | 0.6 | 13.52 | 30 (2026-11-06) | 63.07% | 4.62% | 1.27x |
| AAL | 12.5 | 0.32 | 13.52 | 20 (2026-10-23) | 73.77% | 2.56% | 1.27x |
| AAL | 12.5 | 0.14 | 13.52 | 10 (2026-10-09) | 81.23% | 1.12% | 1.26x |
| AAL | 12.5 | 0.21 | 13.52 | 15 (2026-10-16) | 77.49% | 1.68% | 1.24x |
| AAL | 12.5 | 0.36 | 13.52 | 25 (2026-10-30) | 72.84% | 2.88% | 1.23x |
| AAL | 13.0 | 0.7 | 13.52 | 40 (2026-11-20) | 62.29% | 5.38% | 1.23x |
| AAL | 13.0 | 0.87 | 13.52 | 60 (2026-12-18) | 61.75% | 6.69% | 1.19x |
| AAL | 12.0 | 0.09 | 13.52 | 10 (2026-10-09) | 87.98% | 0.75% | 1.18x |
| AAL | 12.0 | 0.19 | 13.52 | 20 (2026-10-23) | 82.35% | 1.58% | 1.18x |
| AAL | 12.0 | 0.23 | 13.52 | 25 (2026-10-30) | 80.81% | 1.92% | 1.17x |
| AAL | 13.0 | 1.37 | 13.52 | 105 (2027-02-19) | 61.44% | 10.54% | 1.16x |
| AAL | 13.0 | 1.02 | 13.52 | 80 (2027-01-15) | 61.49% | 7.85% | 1.16x |
| AAL | 12.0 | 0.36 | 13.52 | 40 (2026-11-20) | 77.20% | 3.00% | 1.16x |
| AAL | 12.0 | 0.12 | 13.52 | 15 (2026-10-16) | 85.70% | 1.00% | 1.15x |
| AAL | 12.0 | 0.51 | 13.52 | 60 (2026-12-18) | 74.54% | 4.25% | 1.14x |
| AAL | 12.0 | 0.65 | 13.52 | 80 (2027-01-15) | 72.87% | 5.42% | 1.13x |
| AAL | 11.5 | 0.19 | 13.52 | 30 (2026-11-06) | 85.03% | 1.65% | 1.12x |
| AAL | 11.5 | 0.12 | 13.52 | 20 (2026-10-23) | 88.16% | 1.04% | 1.12x |
| AAL | 11.5 | 0.15 | 13.52 | 25 (2026-10-30) | 86.87% | 1.30% | 1.12x |
| AAL | 10.5 | 0.02 | 13.52 | 5 (2026-10-02) | 97.21% | 0.19% | 1.10x |
| AAL | 11.0 | 0.27 | 13.52 | 60 (2026-12-18) | 84.78% | 2.45% | 1.09x |
| AAL | 11.5 | 0.06 | 13.52 | 15 (2026-10-16) | 92.30% | 0.52% | 1.08x |
| AAL | 12.5 | 0.02 | 13.52 | 5 (2026-10-02) | 92.78% | 0.16% | 1.08x |
| AAL | 11.0 | 0.07 | 13.52 | 20 (2026-10-23) | 92.59% | 0.64% | 1.08x |
| AAL | 10.0 | 0.35 | 13.52 | 105 (2027-02-19) | 86.43% | 3.50% | 1.07x |
| AAL | 11.0 | 0.14 | 13.52 | 40 (2026-11-20) | 89.18% | 1.27% | 1.07x |
| AAL | 11.5 | 0.03 | 13.52 | 10 (2026-10-09) | 94.72% | 0.26% | 1.06x |
| AAL | 11.0 | 0.07 | 13.52 | 25 (2026-10-30) | 92.93% | 0.64% | 1.06x |
| AAL | 10.0 | 0.2 | 13.52 | 80 (2027-01-15) | 90.57% | 2.00% | 1.06x |
| AAL | 10.0 | 0.14 | 13.52 | 60 (2026-12-18) | 91.56% | 1.40% | 1.05x |
| AAL | 10.0 | 0.05 | 13.52 | 25 (2026-10-30) | 95.48% | 0.50% | 1.05x |
| AAL | 10.0 | 0.08 | 13.52 | 40 (2026-11-20) | 94.14% | 0.80% | 1.05x |
| AAL | 11.0 | 0.01 | 13.52 | 5 (2026-10-02) | 98.22% | 0.09% | 1.05x |
| AAL | 11.0 | 0.03 | 13.52 | 15 (2026-10-16) | 95.49% | 0.27% | 1.04x |
| AAL | 11.5 | 0.01 | 13.52 | 5 (2026-10-02) | 97.77% | 0.09% | 1.04x |
| AAL | 12.0 | 0.01 | 13.52 | 5 (2026-10-02) | 97.11% | 0.08% | 1.04x |
| AAL | 10.0 | 0.02 | 13.52 | 15 (2026-10-16) | 97.65% | 0.20% | 1.03x |
| AAL | 4.0 | 0.02 | 13.52 | 40 (2026-11-20) | 99.24% | 0.50% | 1.03x |
| AAL | 9.0 | 0.07 | 13.52 | 60 (2026-12-18) | 95.49% | 0.78% | 1.03x |
| AAL | 8.0 | 0.02 | 13.52 | 40 (2026-11-20) | 98.47% | 0.25% | 1.02x |
| AAL | 8.0 | 0.03 | 13.52 | 60 (2026-12-18) | 98.17% | 0.37% | 1.02x |
| AAL | 8.0 | 0.01 | 13.52 | 25 (2026-10-30) | 98.82% | 0.13% | 1.01x |
| AAL | 3.0 | 0.01 | 13.52 | 80 (2027-01-15) | 99.79% | 0.33% | 1.01x |