Recommendation: NO
Current Price: $20.94
Total Wheels: 4
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 |
|---|---|---|---|---|---|---|---|
| ET | 13.0 | 0.05 | 20.94 | 3 (2026-08-14) | 97.72% | 0.38% | 1.21x |
| ET | 20.5 | 0.13 | 20.94 | 13 (2026-08-28) | 72.93% | 0.63% | 1.09x |
| ET | 19.5 | 0.04 | 20.94 | 8 (2026-08-21) | 91.98% | 0.21% | 1.06x |
| ET | 17.0 | 0.02 | 20.94 | 3 (2026-08-14) | 97.82% | 0.12% | 1.06x |
| ET | 20.0 | 0.59 | 20.94 | 113 (2027-01-15) | 67.60% | 2.95% | 1.05x |
| ET | 17.0 | 0.02 | 20.94 | 8 (2026-08-21) | 98.02% | 0.12% | 1.04x |
| ET | 18.5 | 0.05 | 20.94 | 18 (2026-09-04) | 93.98% | 0.27% | 1.04x |
| ET | 18.5 | 0.02 | 20.94 | 8 (2026-08-21) | 96.61% | 0.11% | 1.03x |
| ET | 20.0 | 0.02 | 20.94 | 8 (2026-08-21) | 92.98% | 0.10% | 1.03x |
| ET | 19.0 | 0.1 | 20.94 | 48 (2026-10-16) | 88.58% | 0.53% | 1.02x |
| ET | 17.0 | 0.04 | 20.94 | 28 (2026-09-18) | 96.56% | 0.24% | 1.02x |
| ET | 19.0 | 0.04 | 20.94 | 28 (2026-09-18) | 93.89% | 0.21% | 1.02x |
| ET | 18.0 | 0.01 | 20.94 | 8 (2026-08-21) | 98.68% | 0.06% | 1.02x |
| ET | 19.0 | 0.01 | 20.94 | 8 (2026-08-21) | 98.36% | 0.05% | 1.02x |
| ET | 10.0 | 0.03 | 20.94 | 113 (2027-01-15) | 98.95% | 0.30% | 1.01x |