Recommendation: NO
Current Price: $17.85
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 | 17.5 | 0.52 | 17.85 | 10 (2026-07-10) | 60.08% | 2.97% | 1.56x |
| AAL | 17.5 | 0.23 | 17.85 | 4 (2026-07-02) | 65.34% | 1.31% | 1.54x |
| AAL | 17.0 | 0.51 | 17.85 | 15 (2026-07-17) | 67.52% | 3.00% | 1.40x |
| AAL | 16.5 | 0.24 | 17.85 | 10 (2026-07-10) | 78.61% | 1.45% | 1.33x |
| AAL | 17.0 | 0.12 | 17.85 | 4 (2026-07-02) | 80.35% | 0.71% | 1.33x |
| AAL | 16.0 | 0.49 | 17.85 | 25 (2026-07-31) | 76.07% | 3.06% | 1.26x |
| AAL | 17.0 | 1.0 | 17.85 | 40 (2026-08-21) | 63.48% | 5.88% | 1.26x |
| AAL | 16.0 | 0.26 | 17.85 | 15 (2026-07-17) | 81.44% | 1.63% | 1.25x |
| AAL | 15.5 | 0.41 | 17.85 | 25 (2026-07-31) | 80.08% | 2.65% | 1.24x |
| AAL | 17.0 | 1.28 | 17.85 | 60 (2026-09-18) | 62.89% | 7.53% | 1.21x |
| AAL | 16.0 | 0.66 | 17.85 | 40 (2026-08-21) | 73.70% | 4.13% | 1.21x |
| AAL | 16.0 | 0.9 | 17.85 | 60 (2026-09-18) | 71.40% | 5.63% | 1.18x |
| AAL | 15.0 | 0.28 | 17.85 | 25 (2026-07-31) | 85.11% | 1.87% | 1.17x |
| AAL | 15.0 | 0.41 | 17.85 | 40 (2026-08-21) | 82.17% | 2.73% | 1.15x |
| AAL | 15.0 | 0.63 | 17.85 | 60 (2026-09-18) | 79.01% | 4.20% | 1.15x |
| AAL | 16.0 | 1.48 | 17.85 | 125 (2026-12-18) | 69.14% | 9.25% | 1.13x |
| AAL | 15.0 | 0.08 | 17.85 | 10 (2026-07-10) | 92.58% | 0.53% | 1.13x |
| AAL | 15.0 | 1.01 | 17.85 | 105 (2026-11-20) | 75.79% | 6.73% | 1.13x |
| AAL | 14.0 | 0.27 | 17.85 | 40 (2026-08-21) | 88.06% | 1.93% | 1.11x |
| AAL | 14.5 | 0.05 | 17.85 | 10 (2026-07-10) | 95.29% | 0.34% | 1.09x |
| AAL | 12.0 | 0.56 | 17.85 | 145 (2027-01-15) | 87.68% | 4.67% | 1.07x |
| AAL | 14.5 | 0.02 | 17.85 | 4 (2026-07-02) | 97.77% | 0.14% | 1.07x |
| AAL | 12.0 | 0.17 | 17.85 | 60 (2026-09-18) | 93.41% | 1.42% | 1.06x |
| AAL | 14.0 | 0.03 | 17.85 | 10 (2026-07-10) | 96.85% | 0.21% | 1.05x |
| AAL | 10.0 | 0.3 | 17.85 | 145 (2027-01-15) | 93.80% | 3.00% | 1.05x |
| AAL | 13.5 | 0.01 | 17.85 | 4 (2026-07-02) | 98.61% | 0.07% | 1.04x |
| AAL | 14.0 | 0.01 | 17.85 | 4 (2026-07-02) | 98.54% | 0.07% | 1.04x |
| AAL | 9.0 | 0.16 | 17.85 | 125 (2026-12-18) | 95.85% | 1.78% | 1.03x |
| AAL | 4.0 | 0.05 | 17.85 | 145 (2027-01-15) | 99.18% | 1.25% | 1.02x |
| AAL | 9.0 | 0.03 | 17.85 | 60 (2026-09-18) | 98.71% | 0.33% | 1.01x |
| AAL | 2.0 | 0.01 | 17.85 | 145 (2027-01-15) | 99.82% | 0.50% | 1.01x |