Recommendation: NO
Current Price: $10.71
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 | 6.0 | 0.09 | 10.71 | 4 (2026-03-27) | 95.54% | 1.50% | 2.05x |
| AAL | 10.0 | 0.16 | 10.71 | 8 (2026-04-02) | 76.21% | 1.60% | 1.46x |
| AAL | 10.0 | 0.29 | 10.71 | 14 (2026-04-10) | 71.36% | 2.90% | 1.45x |
| AAL | 10.0 | 0.38 | 10.71 | 19 (2026-04-17) | 69.20% | 3.80% | 1.41x |
| AAL | 10.0 | 0.45 | 10.71 | 24 (2026-04-24) | 68.09% | 4.50% | 1.37x |
| AAL | 10.0 | 0.63 | 10.71 | 39 (2026-05-15) | 66.20% | 6.30% | 1.30x |
| AAL | 10.0 | 0.81 | 10.71 | 63 (2026-06-18) | 65.28% | 8.10% | 1.23x |
| AAL | 10.0 | 0.95 | 10.71 | 84 (2026-07-17) | 64.93% | 9.50% | 1.20x |
| AAL | 9.0 | 0.48 | 10.71 | 63 (2026-06-18) | 77.26% | 5.33% | 1.18x |
| AAL | 8.0 | 0.11 | 10.71 | 29 (2026-05-01) | 91.21% | 1.38% | 1.11x |
| AAL | 8.0 | 0.45 | 10.71 | 109 (2026-08-21) | 83.13% | 5.63% | 1.11x |
| AAL | 7.0 | 0.1 | 10.71 | 39 (2026-05-15) | 93.88% | 1.43% | 1.09x |
| AAL | 5.0 | 0.03 | 10.71 | 19 (2026-04-17) | 98.38% | 0.60% | 1.08x |
| AAL | 7.0 | 0.05 | 10.71 | 24 (2026-04-24) | 96.13% | 0.71% | 1.07x |
| AAL | 8.5 | 0.02 | 10.71 | 8 (2026-04-02) | 97.01% | 0.24% | 1.07x |
| AAL | 8.0 | 0.01 | 10.71 | 4 (2026-03-27) | 98.92% | 0.13% | 1.06x |
| AAL | 8.5 | 0.01 | 10.71 | 4 (2026-03-27) | 98.11% | 0.12% | 1.06x |
| AAL | 5.0 | 0.1 | 10.71 | 84 (2026-07-17) | 97.28% | 2.00% | 1.06x |
| AAL | 9.0 | 0.01 | 10.71 | 4 (2026-03-27) | 96.58% | 0.11% | 1.06x |
| AAL | 8.0 | 0.01 | 10.71 | 8 (2026-04-02) | 98.51% | 0.13% | 1.04x |
| AAL | 4.0 | 0.03 | 10.71 | 63 (2026-06-18) | 98.65% | 0.75% | 1.03x |
| AAL | 3.0 | 0.02 | 10.71 | 63 (2026-06-18) | 99.33% | 0.67% | 1.03x |
| AAL | 6.0 | 0.01 | 10.71 | 19 (2026-04-17) | 99.28% | 0.17% | 1.02x |