Recommendation: NO
Current Price: $18.03
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 | 17.0 | 0.1 | 18.03 | 16 (2026-04-17) | 82.60% | 0.59% | 1.08x |
| ICLN | 18.0 | 0.8 | 18.03 | 81 (2026-07-17) | 53.60% | 4.44% | 1.08x |
| ICLN | 18.0 | 0.85 | 18.03 | 106 (2026-08-21) | 53.93% | 4.72% | 1.06x |
| ICLN | 17.0 | 0.5 | 18.03 | 106 (2026-08-21) | 69.83% | 2.94% | 1.05x |