Recommendation: NO
Current Price: $10.66
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 | 10.5 | 0.2 | 10.66 | 4 (2025-05-09) | 60.47% | 1.90% | 1.78x |
| AAL | 10.5 | 0.34 | 10.66 | 9 (2025-05-16) | 58.15% | 3.24% | 1.69x |
| AAL | 10.5 | 0.46 | 10.66 | 14 (2025-05-23) | 57.34% | 4.38% | 1.56x |
| AAL | 10.0 | 0.3 | 10.66 | 14 (2025-05-23) | 70.39% | 3.00% | 1.46x |
| AAL | 10.5 | 0.5 | 10.66 | 19 (2025-05-30) | 57.18% | 4.76% | 1.43x |
| AAL | 10.5 | 0.63 | 10.66 | 24 (2025-06-06) | 57.06% | 6.00% | 1.42x |
| AAL | 10.0 | 0.15 | 10.66 | 9 (2025-05-16) | 76.50% | 1.50% | 1.38x |
| AAL | 10.0 | 0.34 | 10.66 | 19 (2025-05-30) | 69.37% | 3.40% | 1.36x |
| AAL | 10.0 | 0.39 | 10.66 | 24 (2025-06-06) | 68.37% | 3.90% | 1.32x |
| AAL | 9.5 | 0.17 | 10.66 | 14 (2025-05-23) | 81.26% | 1.79% | 1.30x |
| AAL | 10.0 | 0.43 | 10.66 | 29 (2025-06-13) | 67.72% | 4.30% | 1.28x |
| AAL | 10.0 | 0.51 | 10.66 | 34 (2025-06-20) | 66.70% | 5.10% | 1.28x |
| AAL | 9.5 | 0.22 | 10.66 | 19 (2025-05-30) | 78.86% | 2.32% | 1.27x |
| AAL | 9.5 | 0.26 | 10.66 | 24 (2025-06-06) | 77.55% | 2.74% | 1.25x |
| AAL | 10.0 | 0.05 | 10.66 | 4 (2025-05-09) | 85.87% | 0.50% | 1.24x |
| AAL | 10.0 | 0.69 | 10.66 | 54 (2025-07-18) | 65.26% | 6.90% | 1.23x |
| AAL | 9.5 | 0.28 | 10.66 | 29 (2025-06-13) | 76.97% | 2.95% | 1.22x |
| AAL | 10.0 | 0.87 | 10.66 | 74 (2025-08-15) E | 64.54% | 8.70% | 1.20x |
| AAL | 9.5 | 0.07 | 10.66 | 9 (2025-05-16) | 87.68% | 0.74% | 1.20x |
| AAL | 9.0 | 0.13 | 10.66 | 19 (2025-05-30) | 86.70% | 1.44% | 1.18x |
| AAL | 9.0 | 0.24 | 10.66 | 34 (2025-06-20) | 82.12% | 2.67% | 1.17x |
| AAL | 9.0 | 0.09 | 10.66 | 14 (2025-05-23) | 89.25% | 1.00% | 1.17x |
| AAL | 10.0 | 1.0 | 10.66 | 99 (2025-09-19) E | 64.34% | 10.00% | 1.17x |
| AAL | 7.0 | 0.04 | 10.66 | 9 (2025-05-16) | 96.70% | 0.57% | 1.17x |
| AAL | 9.0 | 0.37 | 10.66 | 54 (2025-07-18) | 78.70% | 4.11% | 1.16x |
| AAL | 9.5 | 0.03 | 10.66 | 4 (2025-05-09) | 92.66% | 0.32% | 1.16x |
| AAL | 9.0 | 0.51 | 10.66 | 74 (2025-08-15) E | 76.50% | 5.67% | 1.16x |
| AAL | 9.0 | 0.14 | 10.66 | 24 (2025-06-06) | 86.06% | 1.56% | 1.15x |
| AAL | 9.0 | 0.64 | 10.66 | 99 (2025-09-19) E | 75.10% | 7.11% | 1.14x |
| AAL | 8.5 | 0.06 | 10.66 | 14 (2025-05-23) | 92.80% | 0.71% | 1.12x |
| AAL | 9.0 | 0.04 | 10.66 | 9 (2025-05-16) | 93.48% | 0.44% | 1.12x |
| AAL | 8.5 | 0.12 | 10.66 | 29 (2025-06-13) | 89.35% | 1.41% | 1.12x |
| AAL | 8.0 | 0.27 | 10.66 | 74 (2025-08-15) E | 86.04% | 3.38% | 1.10x |
| AAL | 8.0 | 0.11 | 10.66 | 34 (2025-06-20) | 91.23% | 1.38% | 1.10x |
| AAL | 8.5 | 0.06 | 10.66 | 19 (2025-05-30) | 92.77% | 0.71% | 1.09x |
| AAL | 8.0 | 0.04 | 10.66 | 14 (2025-05-23) | 95.13% | 0.50% | 1.09x |
| AAL | 6.5 | 0.02 | 10.66 | 9 (2025-05-16) | 98.38% | 0.31% | 1.09x |
| AAL | 8.0 | 0.05 | 10.66 | 19 (2025-05-30) | 94.85% | 0.63% | 1.08x |
| AAL | 7.0 | 0.01 | 10.66 | 4 (2025-05-09) | 98.75% | 0.14% | 1.07x |
| AAL | 7.0 | 0.11 | 10.66 | 54 (2025-07-18) | 93.26% | 1.57% | 1.07x |
| AAL | 8.0 | 0.02 | 10.66 | 9 (2025-05-16) | 97.00% | 0.25% | 1.07x |
| AAL | 7.5 | 0.05 | 10.66 | 24 (2025-06-06) | 95.62% | 0.67% | 1.07x |
| AAL | 8.5 | 0.02 | 10.66 | 9 (2025-05-16) | 95.97% | 0.24% | 1.07x |
| AAL | 6.0 | 0.05 | 10.66 | 34 (2025-06-20) | 97.07% | 0.83% | 1.06x |
| AAL | 8.5 | 0.01 | 10.66 | 4 (2025-05-09) | 97.91% | 0.12% | 1.06x |
| AAL | 9.0 | 0.01 | 10.66 | 4 (2025-05-09) | 98.27% | 0.11% | 1.06x |
| AAL | 5.0 | 0.06 | 10.66 | 54 (2025-07-18) | 97.18% | 1.20% | 1.06x |
| AAL | 7.0 | 0.05 | 10.66 | 34 (2025-06-20) | 95.89% | 0.71% | 1.05x |
| AAL | 3.0 | 0.06 | 10.66 | 99 (2025-09-19) E | 98.38% | 2.00% | 1.05x |
| AAL | 7.5 | 0.02 | 10.66 | 14 (2025-05-23) | 97.77% | 0.27% | 1.05x |
| AAL | 1.0 | 0.01 | 10.66 | 54 (2025-07-18) | 99.84% | 1.00% | 1.05x |
| AAL | 5.0 | 0.03 | 10.66 | 34 (2025-06-20) | 98.09% | 0.60% | 1.04x |
| AAL | 7.5 | 0.01 | 10.66 | 9 (2025-05-16) | 98.36% | 0.13% | 1.04x |