Recommendation: NO
Current Price: $11.76
Total Wheels: 1
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 |
|---|---|---|---|---|---|---|---|
| ICLN | 8.0 | 0.5 | 11.76 | 54 (2025-07-18) | 85.19% | 6.25% | 1.27x |
| ICLN | 11.0 | 0.4 | 11.76 | 54 (2025-07-18) | 70.18% | 3.64% | 1.12x |
| ICLN | 10.0 | 0.6 | 11.76 | 184 (2026-01-16) | 75.82% | 6.00% | 1.06x |
| ICLN | 5.0 | 0.05 | 11.76 | 54 (2025-07-18) | 97.84% | 1.00% | 1.05x |
| ICLN | 10.0 | 0.15 | 11.76 | 119 (2025-10-17) | 85.82% | 1.50% | 1.03x |
| ICLN | 8.0 | 0.13 | 11.76 | 184 (2026-01-16) | 92.76% | 1.63% | 1.02x |
| ICLN | 9.0 | 0.13 | 11.76 | 184 (2026-01-16) | 90.41% | 1.44% | 1.02x |