Recommendation: NO
Current Price: $21.38
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 | 19.0 | 0.79 | 21.38 | 48 (2026-07-17) | 74.55% | 4.16% | 1.17x |
| ICLN | 20.0 | 0.6 | 21.38 | 48 (2026-07-17) | 70.92% | 3.00% | 1.12x |
| ICLN | 17.0 | 0.09 | 21.38 | 27 (2026-06-18) | 94.18% | 0.53% | 1.05x |
| ICLN | 19.0 | 0.3 | 21.38 | 73 (2026-08-21) | 82.35% | 1.58% | 1.05x |