Recommendation: NO
Current Price: $12.66
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 | 12.5 | 0.26 | 12.66 | 8 (2026-05-22) | 59.01% | 2.08% | 1.47x |
| AAL | 12.5 | 0.5 | 12.66 | 18 (2026-06-05) | 56.73% | 4.00% | 1.37x |
| AAL | 12.5 | 0.12 | 12.66 | 3 (2026-05-15) | 64.16% | 0.96% | 1.36x |
| AAL | 12.5 | 0.58 | 12.66 | 23 (2026-06-12) | 56.63% | 4.64% | 1.33x |
| AAL | 12.0 | 0.23 | 12.66 | 13 (2026-05-29) | 72.28% | 1.92% | 1.31x |
| AAL | 12.0 | 0.31 | 12.66 | 18 (2026-06-05) | 69.59% | 2.58% | 1.28x |
| AAL | 12.0 | 0.4 | 12.66 | 23 (2026-06-12) | 67.84% | 3.33% | 1.28x |
| AAL | 12.0 | 0.44 | 12.66 | 27 (2026-06-18) | 66.98% | 3.67% | 1.25x |
| AAL | 12.0 | 0.71 | 12.66 | 48 (2026-07-17) | 64.42% | 5.92% | 1.22x |
| AAL | 12.0 | 0.96 | 12.66 | 73 (2026-08-21) | 63.45% | 8.00% | 1.19x |
| AAL | 12.0 | 1.11 | 12.66 | 93 (2026-09-18) | 63.23% | 9.25% | 1.17x |
| AAL | 11.0 | 0.39 | 12.66 | 48 (2026-07-17) | 77.78% | 3.55% | 1.15x |
| AAL | 11.0 | 0.59 | 12.66 | 73 (2026-08-21) | 74.80% | 5.36% | 1.15x |
| AAL | 11.0 | 0.19 | 12.66 | 27 (2026-06-18) | 83.30% | 1.73% | 1.14x |
| AAL | 11.5 | 0.05 | 12.66 | 8 (2026-05-22) | 89.85% | 0.43% | 1.13x |
| AAL | 12.0 | 0.03 | 12.66 | 3 (2026-05-15) | 90.03% | 0.25% | 1.12x |
| AAL | 10.0 | 0.34 | 12.66 | 73 (2026-08-21) | 83.91% | 3.40% | 1.10x |
| AAL | 10.5 | 0.09 | 12.66 | 23 (2026-06-12) | 90.51% | 0.86% | 1.09x |
| AAL | 4.0 | 0.13 | 12.66 | 93 (2026-09-18) | 97.23% | 3.25% | 1.09x |
| AAL | 10.5 | 0.06 | 12.66 | 18 (2026-06-05) | 92.82% | 0.57% | 1.08x |
| AAL | 9.0 | 0.1 | 12.66 | 48 (2026-07-17) | 94.79% | 1.11% | 1.06x |
| AAL | 9.5 | 0.01 | 12.66 | 3 (2026-05-15) | 98.21% | 0.11% | 1.05x |
| AAL | 10.0 | 0.01 | 12.66 | 3 (2026-05-15) | 98.38% | 0.10% | 1.05x |
| AAL | 10.5 | 0.01 | 12.66 | 3 (2026-05-15) | 97.36% | 0.10% | 1.05x |
| AAL | 11.0 | 0.01 | 12.66 | 3 (2026-05-15) | 97.84% | 0.09% | 1.05x |
| AAL | 11.5 | 0.01 | 12.66 | 3 (2026-05-15) | 95.78% | 0.09% | 1.04x |
| AAL | 6.0 | 0.06 | 12.66 | 73 (2026-08-21) | 97.52% | 1.00% | 1.03x |
| AAL | 3.0 | 0.01 | 12.66 | 27 (2026-06-18) | 99.67% | 0.33% | 1.03x |
| AAL | 5.0 | 0.04 | 12.66 | 73 (2026-08-21) | 98.41% | 0.80% | 1.03x |
| AAL | 5.0 | 0.05 | 12.66 | 93 (2026-09-18) | 98.09% | 1.00% | 1.03x |
| AAL | 8.0 | 0.02 | 12.66 | 27 (2026-06-18) | 98.14% | 0.25% | 1.02x |
| AAL | 5.0 | 0.01 | 12.66 | 27 (2026-06-18) | 99.56% | 0.20% | 1.02x |
| AAL | 4.0 | 0.01 | 12.66 | 48 (2026-07-17) | 99.72% | 0.25% | 1.01x |
| AAL | 5.0 | 0.01 | 12.66 | 48 (2026-07-17) | 99.45% | 0.20% | 1.01x |