Recommendation: NO
Current Price: $15.06
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 | 15.0 | 0.34 | 15.06 | 6 (2026-08-21) | 53.89% | 2.27% | 1.67x |
| AAL | 15.0 | 0.5 | 15.06 | 11 (2026-08-28) | 53.72% | 3.33% | 1.50x |
| AAL | 14.5 | 0.17 | 15.06 | 6 (2026-08-21) | 73.14% | 1.17% | 1.43x |
| AAL | 15.0 | 0.61 | 15.06 | 16 (2026-09-04) | 53.78% | 4.07% | 1.41x |
| AAL | 15.0 | 0.71 | 15.06 | 21 (2026-09-11) | 53.94% | 4.73% | 1.35x |
| AAL | 14.5 | 0.28 | 15.06 | 11 (2026-08-28) | 68.62% | 1.93% | 1.35x |
| AAL | 15.0 | 0.82 | 15.06 | 26 (2026-09-18) | 54.16% | 5.47% | 1.33x |
| AAL | 14.5 | 0.4 | 15.06 | 16 (2026-09-04) | 65.25% | 2.76% | 1.32x |
| AAL | 14.0 | 0.25 | 15.06 | 16 (2026-09-04) | 76.09% | 1.79% | 1.24x |
| AAL | 15.0 | 0.11 | 15.06 | 1 (2026-08-14) | 57.53% | 0.73% | 1.24x |
| AAL | 14.0 | 0.08 | 15.06 | 6 (2026-08-21) | 85.96% | 0.57% | 1.23x |
| AAL | 14.0 | 0.41 | 15.06 | 26 (2026-09-18) | 71.96% | 2.93% | 1.22x |
| AAL | 14.0 | 0.48 | 15.06 | 31 (2026-09-25) | 70.64% | 3.43% | 1.21x |
| AAL | 14.0 | 0.3 | 15.06 | 21 (2026-09-11) | 76.13% | 2.14% | 1.21x |
| AAL | 15.0 | 1.49 | 15.06 | 71 (2026-11-20) | 56.01% | 9.93% | 1.21x |
| AAL | 14.0 | 0.14 | 15.06 | 11 (2026-08-28) | 81.35% | 1.00% | 1.20x |
| AAL | 14.0 | 1.01 | 15.06 | 71 (2026-11-20) | 66.25% | 7.21% | 1.18x |
| AAL | 15.0 | 1.8 | 15.06 | 111 (2027-01-15) | 57.09% | 12.00% | 1.16x |
| AAL | 13.5 | 0.13 | 15.06 | 16 (2026-09-04) | 85.30% | 0.96% | 1.14x |
| AAL | 13.5 | 0.08 | 15.06 | 11 (2026-08-28) | 88.54% | 0.59% | 1.13x |
| AAL | 13.0 | 0.18 | 15.06 | 26 (2026-09-18) | 85.39% | 1.38% | 1.12x |
| AAL | 13.0 | 0.13 | 15.06 | 21 (2026-09-11) | 87.59% | 1.00% | 1.11x |
| AAL | 12.5 | 0.12 | 15.06 | 21 (2026-09-11) | 90.08% | 0.96% | 1.11x |
| AAL | 12.0 | 0.4 | 15.06 | 71 (2026-11-20) | 83.37% | 3.33% | 1.10x |
| AAL | 12.0 | 0.64 | 15.06 | 111 (2027-01-15) | 80.53% | 5.33% | 1.10x |
| AAL | 13.5 | 0.03 | 15.06 | 6 (2026-08-21) | 94.49% | 0.22% | 1.09x |
| AAL | 13.0 | 0.07 | 15.06 | 16 (2026-09-04) | 91.08% | 0.54% | 1.08x |
| AAL | 12.0 | 0.08 | 15.06 | 21 (2026-09-11) | 92.93% | 0.67% | 1.08x |
| AAL | 11.5 | 0.05 | 15.06 | 16 (2026-09-04) | 95.50% | 0.43% | 1.07x |
| AAL | 14.5 | 0.02 | 15.06 | 1 (2026-08-14) | 90.97% | 0.14% | 1.07x |
| AAL | 12.0 | 0.08 | 15.06 | 26 (2026-09-18) | 93.20% | 0.67% | 1.06x |
| AAL | 10.0 | 0.2 | 15.06 | 91 (2026-12-18) | 93.00% | 2.00% | 1.05x |
| AAL | 12.0 | 0.08 | 15.06 | 31 (2026-09-25) | 92.84% | 0.67% | 1.05x |
| AAL | 13.5 | 0.01 | 15.06 | 1 (2026-08-14) | 97.38% | 0.07% | 1.04x |
| AAL | 14.0 | 0.01 | 15.06 | 1 (2026-08-14) | 96.45% | 0.07% | 1.04x |
| AAL | 12.0 | 0.01 | 15.06 | 6 (2026-08-21) | 98.98% | 0.08% | 1.04x |
| AAL | 13.0 | 0.01 | 15.06 | 6 (2026-08-21) | 96.98% | 0.08% | 1.03x |
| AAL | 9.0 | 0.06 | 15.06 | 71 (2026-11-20) | 96.89% | 0.67% | 1.02x |
| AAL | 11.0 | 0.01 | 15.06 | 11 (2026-08-28) | 99.15% | 0.09% | 1.02x |
| AAL | 2.0 | 0.01 | 15.06 | 111 (2027-01-15) | 99.73% | 0.50% | 1.01x |
| AAL | 8.0 | 0.02 | 15.06 | 71 (2026-11-20) | 98.96% | 0.25% | 1.01x |
| AAL | 3.0 | 0.01 | 15.06 | 111 (2027-01-15) | 99.64% | 0.33% | 1.01x |
| AAL | 5.0 | 0.01 | 15.06 | 111 (2027-01-15) | 99.73% | 0.20% | 1.00x |