Recommendation: NO
Current Price: $31.88
Total Wheels: 11
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 |
|---|---|---|---|---|---|---|---|
| LUV | 31.5 | 0.57 | 31.88 | 8 (2025-07-03) | 59.31% | 1.81% | 1.40x |
| LUV | 31.5 | 0.31 | 31.88 | 4 (2025-06-27) | 63.26% | 0.98% | 1.37x |
| LUV | 31.0 | 0.21 | 31.88 | 4 (2025-06-27) | 75.05% | 0.68% | 1.29x |
| LUV | 30.5 | 0.17 | 31.88 | 4 (2025-06-27) | 81.42% | 0.56% | 1.26x |
| LUV | 29.5 | 0.25 | 31.88 | 8 (2025-07-03) | 83.39% | 0.85% | 1.25x |
| LUV | 30.5 | 0.26 | 31.88 | 8 (2025-07-03) | 77.72% | 0.85% | 1.23x |
| LUV | 30.0 | 0.44 | 31.88 | 14 (2025-07-11) | 75.98% | 1.47% | 1.22x |
| LUV | 30.0 | 0.2 | 31.88 | 8 (2025-07-03) | 81.96% | 0.67% | 1.19x |
| LUV | 30.0 | 0.52 | 31.88 | 19 (2025-07-18) | 74.39% | 1.73% | 1.19x |
| LUV | 30.0 | 1.12 | 31.88 | 39 (2025-08-15) E | 68.21% | 3.73% | 1.18x |
| LUV | 27.0 | 0.14 | 31.88 | 8 (2025-07-03) | 92.37% | 0.52% | 1.16x |
| LUV | 29.0 | 0.28 | 31.88 | 14 (2025-07-11) | 84.06% | 0.97% | 1.16x |
| LUV | 30.0 | 1.55 | 31.88 | 64 (2025-09-19) E | 66.24% | 5.17% | 1.14x |
| LUV | 30.0 | 2.04 | 31.88 | 84 (2025-10-17) E | 64.99% | 6.80% | 1.14x |
| LUV | 30.0 | 0.08 | 31.88 | 4 (2025-06-27) | 89.71% | 0.27% | 1.13x |
| LUV | 27.5 | 1.02 | 31.88 | 64 (2025-09-19) E | 78.01% | 3.71% | 1.12x |
| LUV | 30.0 | 2.21 | 31.88 | 109 (2025-11-21) E | 64.76% | 7.37% | 1.11x |
| LUV | 28.0 | 0.1 | 31.88 | 8 (2025-07-03) | 92.66% | 0.36% | 1.11x |
| LUV | 27.5 | 1.43 | 31.88 | 109 (2025-11-21) E | 75.62% | 5.20% | 1.09x |
| LUV | 25.0 | 0.79 | 31.88 | 84 (2025-10-17) E | 84.83% | 3.16% | 1.08x |
| LUV | 25.0 | 0.94 | 31.88 | 109 (2025-11-21) E | 83.62% | 3.76% | 1.07x |
| LUV | 26.0 | 0.19 | 31.88 | 24 (2025-07-25) E | 92.00% | 0.73% | 1.07x |
| LUV | 25.0 | 0.3 | 31.88 | 39 (2025-08-15) E | 90.27% | 1.20% | 1.07x |
| LUV | 27.5 | 0.15 | 31.88 | 19 (2025-07-18) | 91.34% | 0.55% | 1.07x |
| LUV | 29.5 | 0.04 | 31.88 | 4 (2025-06-27) | 94.61% | 0.14% | 1.07x |
| LUV | 29.0 | 0.02 | 31.88 | 4 (2025-06-27) | 97.48% | 0.07% | 1.03x |
| LUV | 22.5 | 0.11 | 31.88 | 39 (2025-08-15) E | 96.12% | 0.49% | 1.03x |
| LUV | 15.0 | 0.03 | 31.88 | 19 (2025-07-18) | 99.17% | 0.20% | 1.03x |
| LUV | 20.0 | 0.2 | 31.88 | 109 (2025-11-21) E | 95.72% | 1.00% | 1.02x |