Recommendation: NO
Current Price: $10.90
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 | 0.33 | 10.90 | 14 (2025-07-11) | 64.72% | 3.14% | 1.44x |
| AAL | 10.5 | 0.17 | 10.90 | 8 (2025-07-03) | 69.87% | 1.62% | 1.43x |
| AAL | 10.5 | 0.1 | 10.90 | 4 (2025-06-27) | 72.77% | 0.95% | 1.42x |
| AAL | 10.5 | 0.52 | 10.90 | 24 (2025-07-25) E | 62.28% | 4.95% | 1.38x |
| AAL | 10.5 | 0.6 | 10.90 | 29 (2025-08-01) E | 61.97% | 5.71% | 1.35x |
| AAL | 10.0 | 0.37 | 10.90 | 24 (2025-07-25) E | 71.81% | 3.70% | 1.32x |
| AAL | 10.0 | 0.26 | 10.90 | 19 (2025-07-18) | 74.64% | 2.60% | 1.29x |
| AAL | 10.0 | 0.18 | 10.90 | 14 (2025-07-11) | 77.89% | 1.80% | 1.28x |
| AAL | 10.0 | 0.4 | 10.90 | 29 (2025-08-01) E | 71.96% | 4.00% | 1.28x |
| AAL | 10.0 | 0.09 | 10.90 | 8 (2025-07-03) | 83.65% | 0.90% | 1.27x |
| AAL | 10.0 | 0.46 | 10.90 | 39 (2025-08-15) E | 70.35% | 4.60% | 1.23x |
| AAL | 9.5 | 0.22 | 10.90 | 24 (2025-07-25) E | 80.94% | 2.32% | 1.22x |
| AAL | 9.5 | 0.27 | 10.90 | 29 (2025-08-01) E | 79.22% | 2.84% | 1.21x |
| AAL | 10.0 | 0.04 | 10.90 | 4 (2025-06-27) | 89.90% | 0.40% | 1.20x |
| AAL | 9.5 | 0.11 | 10.90 | 14 (2025-07-11) | 86.36% | 1.16% | 1.20x |
| AAL | 10.0 | 0.66 | 10.90 | 64 (2025-09-19) E | 68.21% | 6.60% | 1.19x |
| AAL | 9.0 | 0.17 | 10.90 | 24 (2025-07-25) E | 86.03% | 1.89% | 1.18x |
| AAL | 10.0 | 0.81 | 10.90 | 84 (2025-10-17) E | 67.31% | 8.10% | 1.17x |
| AAL | 9.5 | 0.05 | 10.90 | 8 (2025-07-03) | 91.54% | 0.53% | 1.16x |
| AAL | 9.0 | 0.17 | 10.90 | 29 (2025-08-01) E | 85.76% | 1.89% | 1.15x |
| AAL | 9.0 | 0.23 | 10.90 | 39 (2025-08-15) E | 83.76% | 2.56% | 1.15x |
| AAL | 9.0 | 0.1 | 10.90 | 19 (2025-07-18) | 92.19% | 1.11% | 1.14x |
| AAL | 9.0 | 0.04 | 10.90 | 8 (2025-07-03) | 94.19% | 0.44% | 1.14x |
| AAL | 7.5 | 0.02 | 10.90 | 4 (2025-06-27) | 97.74% | 0.27% | 1.14x |
| AAL | 9.0 | 0.37 | 10.90 | 64 (2025-09-19) E | 80.27% | 4.11% | 1.14x |
| AAL | 9.0 | 0.63 | 10.90 | 109 (2025-11-21) E | 76.68% | 7.00% | 1.13x |
| AAL | 9.0 | 0.47 | 10.90 | 84 (2025-10-17) E | 78.60% | 5.22% | 1.13x |
| AAL | 8.0 | 0.1 | 10.90 | 24 (2025-07-25) E | 92.07% | 1.25% | 1.13x |
| AAL | 8.5 | 0.1 | 10.90 | 24 (2025-07-25) E | 91.07% | 1.18% | 1.12x |
| AAL | 9.0 | 0.06 | 10.90 | 14 (2025-07-11) | 91.82% | 0.67% | 1.12x |
| AAL | 6.0 | 0.05 | 10.90 | 19 (2025-07-18) | 97.08% | 0.83% | 1.11x |
| AAL | 9.5 | 0.02 | 10.90 | 4 (2025-06-27) | 95.76% | 0.21% | 1.11x |
| AAL | 7.5 | 0.08 | 10.90 | 29 (2025-08-01) E | 93.94% | 1.07% | 1.09x |
| AAL | 8.0 | 0.19 | 10.90 | 64 (2025-09-19) E | 89.06% | 2.38% | 1.09x |
| AAL | 8.0 | 0.05 | 10.90 | 19 (2025-07-18) | 94.67% | 0.63% | 1.08x |
| AAL | 3.0 | 0.06 | 10.90 | 64 (2025-09-19) E | 98.44% | 2.00% | 1.08x |
| AAL | 8.5 | 0.02 | 10.90 | 8 (2025-07-03) | 96.88% | 0.24% | 1.07x |
| AAL | 7.0 | 0.18 | 10.90 | 84 (2025-10-17) E | 91.74% | 2.57% | 1.07x |
| AAL | 7.5 | 0.05 | 10.90 | 24 (2025-07-25) E | 95.91% | 0.67% | 1.07x |
| AAL | 8.0 | 0.01 | 10.90 | 4 (2025-06-27) | 98.52% | 0.13% | 1.06x |
| AAL | 7.0 | 0.07 | 10.90 | 39 (2025-08-15) E | 95.14% | 1.00% | 1.06x |
| AAL | 8.0 | 0.08 | 10.90 | 39 (2025-08-15) E | 93.33% | 1.00% | 1.06x |
| AAL | 8.5 | 0.01 | 10.90 | 4 (2025-06-27) | 97.54% | 0.12% | 1.06x |
| AAL | 9.0 | 0.01 | 10.90 | 4 (2025-06-27) | 97.73% | 0.11% | 1.06x |
| AAL | 5.0 | 0.03 | 10.90 | 39 (2025-08-15) E | 98.28% | 0.60% | 1.04x |
| AAL | 7.0 | 0.02 | 10.90 | 19 (2025-07-18) | 97.88% | 0.29% | 1.04x |
| AAL | 4.0 | 0.01 | 10.90 | 109 (2025-11-21) E | 99.49% | 0.25% | 1.01x |
| AAL | 5.0 | 0.01 | 10.90 | 109 (2025-11-21) E | 99.31% | 0.20% | 1.00x |