Recommendation: NO
Current Price: $44.98
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 | 44.0 | 0.55 | 44.98 | 7 (2026-08-21) | 66.92% | 1.25% | 1.35x |
| LUV | 44.5 | 0.36 | 44.98 | 2 (2026-08-14) | 63.87% | 0.81% | 1.30x |
| LUV | 43.0 | 1.03 | 44.98 | 17 (2026-09-04) | 68.46% | 2.40% | 1.27x |
| LUV | 43.0 | 0.3 | 44.98 | 7 (2026-08-21) | 80.59% | 0.70% | 1.22x |
| LUV | 42.5 | 1.09 | 44.98 | 27 (2026-09-18) | 70.32% | 2.56% | 1.18x |
| LUV | 41.0 | 0.61 | 44.98 | 22 (2026-09-11) | 80.30% | 1.49% | 1.15x |
| LUV | 44.0 | 0.14 | 44.98 | 2 (2026-08-14) | 79.93% | 0.32% | 1.14x |
| LUV | 42.5 | 3.4 | 44.98 | 112 (2027-01-15) | 63.99% | 8.00% | 1.12x |
| LUV | 40.0 | 2.11 | 44.98 | 92 (2026-12-18) | 72.87% | 5.27% | 1.11x |
| LUV | 40.0 | 2.46 | 44.98 | 112 (2027-01-15) | 71.89% | 6.15% | 1.10x |
| LUV | 40.0 | 3.33 | 44.98 | 157 (2027-03-19) | 70.35% | 8.33% | 1.10x |
| LUV | 37.5 | 1.75 | 44.98 | 112 (2027-01-15) | 78.80% | 4.67% | 1.08x |
| LUV | 37.5 | 2.46 | 44.98 | 157 (2027-03-19) | 76.54% | 6.56% | 1.08x |
| LUV | 35.0 | 1.78 | 44.98 | 157 (2027-03-19) | 82.02% | 5.09% | 1.07x |
| LUV | 35.0 | 1.19 | 44.98 | 112 (2027-01-15) | 84.66% | 3.40% | 1.07x |
| LUV | 32.5 | 1.26 | 44.98 | 157 (2027-03-19) | 86.63% | 3.88% | 1.05x |
| LUV | 32.5 | 0.78 | 44.98 | 112 (2027-01-15) | 89.38% | 2.40% | 1.05x |
| LUV | 43.0 | 0.04 | 44.98 | 2 (2026-08-14) | 93.32% | 0.09% | 1.04x |
| LUV | 27.5 | 0.76 | 44.98 | 157 (2027-03-19) | 92.27% | 2.76% | 1.04x |
| LUV | 30.0 | 0.55 | 44.98 | 112 (2027-01-15) | 92.48% | 1.83% | 1.04x |
| LUV | 27.5 | 0.28 | 44.98 | 112 (2027-01-15) | 95.75% | 1.02% | 1.02x |
| LUV | 22.5 | 0.28 | 44.98 | 157 (2027-03-19) | 96.78% | 1.24% | 1.02x |
| LUV | 35.0 | 0.07 | 44.98 | 27 (2026-09-18) | 97.07% | 0.20% | 1.02x |
| LUV | 41.0 | 0.01 | 44.98 | 2 (2026-08-14) | 98.96% | 0.02% | 1.01x |
| LUV | 30.0 | 0.03 | 44.98 | 27 (2026-09-18) | 99.03% | 0.10% | 1.01x |