Recommendation: NO
Current Price: $12.70
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 | 12.70 | 19 (2025-07-18) | 88.03% | 6.25% | 2.03x |
| ICLN | 5.0 | 0.05 | 12.70 | 19 (2025-07-18) | 98.29% | 1.00% | 1.14x |
| ICLN | 12.0 | 0.38 | 12.70 | 84 (2025-10-17) | 69.00% | 3.17% | 1.07x |
| ICLN | 10.0 | 0.15 | 12.70 | 84 (2025-10-17) | 89.44% | 1.50% | 1.04x |
| ICLN | 8.0 | 0.13 | 12.70 | 149 (2026-01-16) | 93.97% | 1.63% | 1.03x |
| ICLN | 9.0 | 0.13 | 12.70 | 149 (2026-01-16) | 92.41% | 1.44% | 1.02x |
| ICLN | 10.0 | 0.36 | 12.70 | 409 (2027-01-15) | 84.05% | 3.60% | 1.02x |