Recommendation: NO
Current Price: $14.01
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 | 14.0 | 0.44 | 14.01 | 8 (2026-02-13) | 52.05% | 3.14% | 1.67x |
| AAL | 14.0 | 0.26 | 14.01 | 3 (2026-02-06) | 51.62% | 1.86% | 1.62x |
| AAL | 13.5 | 0.23 | 14.01 | 8 (2026-02-13) | 69.19% | 1.70% | 1.45x |
| AAL | 14.0 | 0.5 | 14.01 | 13 (2026-02-20) | 52.25% | 3.57% | 1.43x |
| AAL | 14.0 | 0.68 | 14.01 | 18 (2026-02-27) | 52.85% | 4.86% | 1.43x |
| AAL | 14.0 | 0.75 | 14.01 | 23 (2026-03-06) | 53.10% | 5.36% | 1.36x |
| AAL | 13.5 | 0.31 | 14.01 | 13 (2026-02-20) | 66.95% | 2.30% | 1.34x |
| AAL | 13.5 | 0.4 | 14.01 | 18 (2026-02-27) | 64.44% | 2.96% | 1.30x |
| AAL | 13.5 | 0.51 | 14.01 | 23 (2026-03-06) | 63.57% | 3.78% | 1.30x |
| AAL | 14.0 | 0.87 | 14.01 | 33 (2026-03-20) | 53.57% | 6.21% | 1.28x |
| AAL | 13.5 | 0.08 | 14.01 | 3 (2026-02-06) | 79.68% | 0.59% | 1.27x |
| AAL | 14.0 | 0.67 | 14.01 | 28 (2026-03-13) | 52.91% | 4.79% | 1.25x |
| AAL | 13.0 | 0.26 | 14.01 | 18 (2026-02-27) | 75.52% | 2.00% | 1.23x |
| AAL | 13.0 | 0.34 | 14.01 | 23 (2026-03-06) | 73.18% | 2.62% | 1.23x |
| AAL | 13.0 | 0.1 | 14.01 | 8 (2026-02-13) | 80.44% | 0.77% | 1.21x |
| AAL | 13.0 | 0.47 | 14.01 | 33 (2026-03-20) | 70.63% | 3.62% | 1.21x |
| AAL | 13.0 | 0.16 | 14.01 | 13 (2026-02-20) | 79.74% | 1.23% | 1.21x |
| AAL | 14.0 | 1.27 | 14.01 | 73 (2026-05-15) | 55.07% | 9.07% | 1.18x |
| AAL | 12.5 | 0.28 | 14.01 | 28 (2026-03-13) | 79.11% | 2.24% | 1.17x |
| AAL | 12.5 | 0.22 | 14.01 | 23 (2026-03-06) | 80.99% | 1.76% | 1.17x |
| AAL | 13.0 | 0.87 | 14.01 | 73 (2026-05-15) | 66.81% | 6.69% | 1.16x |
| AAL | 12.5 | 0.15 | 14.01 | 18 (2026-02-27) | 84.23% | 1.20% | 1.15x |
| AAL | 13.0 | 1.0 | 14.01 | 97 (2026-06-18) | 66.12% | 7.69% | 1.14x |
| AAL | 12.0 | 0.22 | 14.01 | 33 (2026-03-20) | 84.13% | 1.83% | 1.12x |
| AAL | 12.5 | 0.05 | 14.01 | 8 (2026-02-13) | 91.32% | 0.40% | 1.12x |
| AAL | 12.5 | 0.08 | 14.01 | 13 (2026-02-20) | 88.48% | 0.64% | 1.12x |
| AAL | 13.0 | 0.03 | 14.01 | 3 (2026-02-06) | 91.15% | 0.23% | 1.11x |
| AAL | 12.0 | 0.47 | 14.01 | 73 (2026-05-15) | 78.17% | 3.92% | 1.11x |
| AAL | 12.0 | 0.64 | 14.01 | 97 (2026-06-18) | 75.91% | 5.33% | 1.11x |
| AAL | 13.0 | 1.13 | 14.01 | 143 (2026-08-21) | 66.01% | 8.69% | 1.10x |
| AAL | 12.0 | 0.12 | 14.01 | 23 (2026-03-06) | 88.15% | 1.00% | 1.10x |
| AAL | 11.0 | 0.32 | 14.01 | 73 (2026-05-15) | 85.28% | 2.91% | 1.09x |
| AAL | 11.0 | 0.43 | 14.01 | 97 (2026-06-18) | 83.30% | 3.91% | 1.09x |
| AAL | 12.0 | 0.05 | 14.01 | 13 (2026-02-20) | 92.77% | 0.42% | 1.08x |
| AAL | 12.0 | 0.03 | 14.01 | 8 (2026-02-13) | 94.81% | 0.25% | 1.08x |
| AAL | 8.0 | 0.01 | 14.01 | 3 (2026-02-06) | 99.51% | 0.13% | 1.06x |
| AAL | 8.0 | 0.15 | 14.01 | 73 (2026-05-15) | 94.53% | 1.87% | 1.06x |
| AAL | 10.0 | 0.19 | 14.01 | 73 (2026-05-15) | 90.94% | 1.90% | 1.06x |
| AAL | 11.0 | 0.08 | 14.01 | 33 (2026-03-20) | 92.87% | 0.73% | 1.05x |
| AAL | 10.0 | 0.22 | 14.01 | 97 (2026-06-18) | 90.19% | 2.20% | 1.05x |
| AAL | 12.5 | 0.01 | 14.01 | 3 (2026-02-06) | 97.94% | 0.08% | 1.04x |
| AAL | 9.0 | 0.1 | 14.01 | 73 (2026-05-15) | 95.82% | 1.11% | 1.04x |
| AAL | 10.5 | 0.02 | 14.01 | 13 (2026-02-20) | 97.89% | 0.19% | 1.04x |
| AAL | 11.0 | 0.02 | 14.01 | 13 (2026-02-20) | 97.07% | 0.18% | 1.03x |
| AAL | 9.0 | 0.04 | 14.01 | 33 (2026-03-20) | 97.26% | 0.44% | 1.03x |
| AAL | 10.0 | 0.01 | 14.01 | 8 (2026-02-13) | 98.48% | 0.10% | 1.03x |
| AAL | 10.0 | 0.04 | 14.01 | 33 (2026-03-20) | 96.35% | 0.40% | 1.03x |
| AAL | 11.0 | 0.01 | 14.01 | 8 (2026-02-13) | 98.43% | 0.09% | 1.03x |
| AAL | 8.0 | 0.03 | 14.01 | 33 (2026-03-20) | 98.35% | 0.37% | 1.03x |
| AAL | 6.0 | 0.04 | 14.01 | 73 (2026-05-15) | 98.48% | 0.67% | 1.02x |
| AAL | 5.0 | 0.04 | 14.01 | 97 (2026-06-18) | 98.73% | 0.80% | 1.02x |
| AAL | 10.0 | 0.01 | 14.01 | 13 (2026-02-20) | 99.09% | 0.10% | 1.02x |