Recommendation: NO
Current Price: $39.33
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 | 39.0 | 1.03 | 39.33 | 6 (2026-05-22) | 55.99% | 2.64% | 1.85x |
| LUV | 38.5 | 0.8 | 39.33 | 6 (2026-05-22) | 62.69% | 2.08% | 1.72x |
| LUV | 38.0 | 0.66 | 39.33 | 6 (2026-05-22) | 68.35% | 1.74% | 1.64x |
| LUV | 37.5 | 0.51 | 39.33 | 6 (2026-05-22) | 74.07% | 1.36% | 1.52x |
| LUV | 37.0 | 0.4 | 39.33 | 6 (2026-05-22) | 78.94% | 1.08% | 1.43x |
| LUV | 37.0 | 0.75 | 39.33 | 11 (2026-05-29) | 73.10% | 2.03% | 1.40x |
| LUV | 37.5 | 1.56 | 39.33 | 25 (2026-06-18) | 65.13% | 4.16% | 1.31x |
| LUV | 39.0 | 0.34 | 39.33 | 1 (2026-05-15) | 61.28% | 0.87% | 1.31x |
| LUV | 36.0 | 0.96 | 39.33 | 21 (2026-06-12) | 74.82% | 2.67% | 1.27x |
| LUV | 35.0 | 0.84 | 39.33 | 25 (2026-06-18) | 78.79% | 2.40% | 1.21x |
| LUV | 35.0 | 0.31 | 39.33 | 11 (2026-05-29) | 86.62% | 0.89% | 1.19x |
| LUV | 37.5 | 3.4 | 39.33 | 91 (2026-09-18) | 62.50% | 9.07% | 1.16x |
| LUV | 35.0 | 0.13 | 39.33 | 6 (2026-05-22) | 91.85% | 0.37% | 1.15x |
| LUV | 35.0 | 2.39 | 39.33 | 91 (2026-09-18) | 71.16% | 6.83% | 1.14x |
| LUV | 35.0 | 0.09 | 39.33 | 1 (2026-05-15) | 93.36% | 0.26% | 1.13x |
| LUV | 37.5 | 4.55 | 39.33 | 156 (2026-12-18) | 62.71% | 12.13% | 1.13x |
| LUV | 38.0 | 0.1 | 39.33 | 1 (2026-05-15) | 85.74% | 0.26% | 1.12x |
| LUV | 33.0 | 0.35 | 39.33 | 21 (2026-06-12) | 88.80% | 1.06% | 1.12x |
| LUV | 32.5 | 1.63 | 39.33 | 91 (2026-09-18) | 78.83% | 5.02% | 1.11x |
| LUV | 35.0 | 3.4 | 39.33 | 156 (2026-12-18) | 69.65% | 9.71% | 1.11x |
| LUV | 37.5 | 0.08 | 39.33 | 1 (2026-05-15) | 89.37% | 0.21% | 1.10x |
| LUV | 32.5 | 2.5 | 39.33 | 156 (2026-12-18) | 76.17% | 7.69% | 1.10x |
| LUV | 30.0 | 1.0 | 39.33 | 91 (2026-09-18) | 85.43% | 3.33% | 1.08x |
| LUV | 30.0 | 1.8 | 39.33 | 156 (2026-12-18) | 81.85% | 6.00% | 1.08x |
| LUV | 30.0 | 0.04 | 39.33 | 1 (2026-05-15) | 98.10% | 0.13% | 1.07x |
| LUV | 30.0 | 1.71 | 39.33 | 176 (2027-01-15) | 82.20% | 5.70% | 1.07x |
| LUV | 37.0 | 0.05 | 39.33 | 1 (2026-05-15) | 93.51% | 0.14% | 1.07x |
| LUV | 34.0 | 0.05 | 39.33 | 6 (2026-05-22) | 96.45% | 0.15% | 1.06x |
| LUV | 27.5 | 1.16 | 39.33 | 156 (2026-12-18) | 87.15% | 4.22% | 1.06x |
| LUV | 27.5 | 0.62 | 39.33 | 91 (2026-09-18) | 90.57% | 2.25% | 1.06x |
| LUV | 25.0 | 0.91 | 39.33 | 176 (2027-01-15) | 90.31% | 3.64% | 1.05x |
| LUV | 22.5 | 0.7 | 39.33 | 176 (2027-01-15) | 92.68% | 3.11% | 1.04x |
| LUV | 22.5 | 0.55 | 39.33 | 156 (2026-12-18) | 93.69% | 2.44% | 1.04x |
| LUV | 36.0 | 0.02 | 39.33 | 1 (2026-05-15) | 97.67% | 0.06% | 1.03x |
| LUV | 17.5 | 0.1 | 39.33 | 91 (2026-09-18) | 98.86% | 0.57% | 1.02x |
| LUV | 15.0 | 0.16 | 39.33 | 176 (2027-01-15) | 98.20% | 1.07% | 1.02x |
| LUV | 15.0 | 0.02 | 39.33 | 25 (2026-06-18) | 99.63% | 0.13% | 1.01x |
| LUV | 20.0 | 0.02 | 39.33 | 25 (2026-06-18) | 99.39% | 0.10% | 1.01x |
| LUV | 17.5 | 0.01 | 39.33 | 25 (2026-06-18) | 99.85% | 0.06% | 1.01x |