Recommendation: NO
Current Price: $30.08
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 | 30.0 | 0.56 | 30.08 | 4 (2025-05-09) | 53.20% | 1.87% | 1.65x |
| LUV | 30.0 | 0.9 | 30.08 | 9 (2025-05-16) | 53.04% | 3.00% | 1.56x |
| LUV | 29.5 | 0.37 | 30.08 | 4 (2025-05-09) | 65.60% | 1.25% | 1.51x |
| LUV | 30.0 | 1.16 | 30.08 | 14 (2025-05-23) | 53.21% | 3.87% | 1.44x |
| LUV | 29.5 | 0.57 | 30.08 | 9 (2025-05-16) | 62.46% | 1.93% | 1.40x |
| LUV | 29.0 | 0.48 | 30.08 | 9 (2025-05-16) | 69.49% | 1.66% | 1.38x |
| LUV | 29.0 | 0.21 | 30.08 | 4 (2025-05-09) | 77.13% | 0.72% | 1.32x |
| LUV | 28.5 | 0.33 | 30.08 | 9 (2025-05-16) | 76.80% | 1.16% | 1.28x |
| LUV | 30.0 | 1.77 | 30.08 | 34 (2025-06-20) | 53.97% | 5.90% | 1.26x |
| LUV | 28.0 | 0.43 | 30.08 | 14 (2025-05-23) | 77.31% | 1.54% | 1.24x |
| LUV | 28.0 | 0.25 | 30.08 | 9 (2025-05-16) | 82.05% | 0.89% | 1.23x |
| LUV | 28.5 | 0.13 | 30.08 | 4 (2025-05-09) | 85.17% | 0.46% | 1.22x |
| LUV | 30.0 | 2.09 | 30.08 | 54 (2025-07-18) | 54.50% | 6.97% | 1.19x |
| LUV | 27.5 | 0.84 | 30.08 | 34 (2025-06-20) | 73.86% | 3.05% | 1.18x |
| LUV | 30.0 | 2.55 | 30.08 | 74 (2025-08-15) E | 55.21% | 8.50% | 1.17x |
| LUV | 27.5 | 0.17 | 30.08 | 9 (2025-05-16) | 87.02% | 0.62% | 1.16x |
| LUV | 28.0 | 0.09 | 30.08 | 4 (2025-05-09) | 89.25% | 0.32% | 1.16x |
| LUV | 27.5 | 1.17 | 30.08 | 54 (2025-07-18) | 71.37% | 4.25% | 1.15x |
| LUV | 27.0 | 0.24 | 30.08 | 14 (2025-05-23) | 86.06% | 0.89% | 1.15x |
| LUV | 30.0 | 2.94 | 30.08 | 99 (2025-09-19) E | 55.87% | 9.80% | 1.15x |
| LUV | 27.0 | 0.33 | 30.08 | 19 (2025-05-30) | 83.60% | 1.22% | 1.14x |
| LUV | 27.5 | 1.5 | 30.08 | 74 (2025-08-15) E | 69.69% | 5.45% | 1.14x |
| LUV | 27.5 | 0.07 | 30.08 | 4 (2025-05-09) | 92.00% | 0.25% | 1.13x |
| LUV | 27.5 | 1.87 | 30.08 | 99 (2025-09-19) E | 68.53% | 6.80% | 1.12x |
| LUV | 26.0 | 0.18 | 30.08 | 14 (2025-05-23) | 89.85% | 0.69% | 1.12x |
| LUV | 25.0 | 0.38 | 30.08 | 34 (2025-06-20) | 87.06% | 1.52% | 1.10x |
| LUV | 25.0 | 0.26 | 30.08 | 24 (2025-06-06) | 89.38% | 1.04% | 1.10x |
| LUV | 27.0 | 0.1 | 30.08 | 9 (2025-05-16) | 93.42% | 0.37% | 1.10x |
| LUV | 25.0 | 0.6 | 30.08 | 54 (2025-07-18) | 83.93% | 2.40% | 1.10x |
| LUV | 25.0 | 0.85 | 30.08 | 74 (2025-08-15) E | 81.28% | 3.40% | 1.10x |
| LUV | 15.0 | 0.16 | 30.08 | 34 (2025-06-20) | 97.13% | 1.07% | 1.08x |
| LUV | 24.0 | 0.1 | 30.08 | 14 (2025-05-23) | 94.00% | 0.42% | 1.07x |
| LUV | 25.0 | 0.1 | 30.08 | 14 (2025-05-23) | 94.24% | 0.40% | 1.07x |
| LUV | 22.5 | 0.67 | 30.08 | 99 (2025-09-19) E | 87.01% | 2.98% | 1.07x |
| LUV | 24.0 | 0.16 | 30.08 | 24 (2025-06-06) | 92.96% | 0.67% | 1.07x |
| LUV | 17.5 | 0.42 | 30.08 | 99 (2025-09-19) E | 93.50% | 2.40% | 1.06x |
| LUV | 22.5 | 0.29 | 30.08 | 54 (2025-07-18) | 91.75% | 1.29% | 1.06x |
| LUV | 12.5 | 0.25 | 30.08 | 99 (2025-09-19) E | 96.90% | 2.00% | 1.05x |
| LUV | 22.5 | 0.15 | 30.08 | 34 (2025-06-20) | 94.52% | 0.67% | 1.05x |
| LUV | 17.5 | 0.18 | 30.08 | 54 (2025-07-18) | 96.21% | 1.03% | 1.05x |
| LUV | 25.0 | 0.04 | 30.08 | 9 (2025-05-16) | 96.63% | 0.16% | 1.04x |
| LUV | 20.0 | 0.27 | 30.08 | 74 (2025-08-15) E | 93.82% | 1.35% | 1.04x |
| LUV | 26.0 | 0.02 | 30.08 | 4 (2025-05-09) | 97.82% | 0.08% | 1.04x |
| LUV | 20.0 | 0.15 | 30.08 | 54 (2025-07-18) | 95.64% | 0.75% | 1.03x |
| LUV | 12.5 | 0.05 | 30.08 | 34 (2025-06-20) | 98.97% | 0.40% | 1.03x |
| LUV | 12.5 | 0.05 | 30.08 | 54 (2025-07-18) | 98.93% | 0.40% | 1.02x |
| LUV | 24.0 | 0.01 | 30.08 | 9 (2025-05-16) | 99.07% | 0.04% | 1.01x |