Recommendation: NO
Current Price: $20.19
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 | 19.5 | 0.03 | 20.19 | 5 (2026-10-02) | 90.08% | 0.15% | 1.07x |
| ET | 18.0 | 0.02 | 20.19 | 5 (2026-10-02) | 96.62% | 0.11% | 1.06x |
| ET | 20.0 | 1.03 | 20.19 | 145 (2027-04-16) | 56.56% | 5.15% | 1.05x |
| ET | 19.0 | 0.03 | 20.19 | 10 (2026-10-09) | 92.96% | 0.16% | 1.04x |
| ET | 18.5 | 0.01 | 20.19 | 5 (2026-10-02) | 97.37% | 0.05% | 1.03x |
| ET | 18.5 | 0.02 | 20.19 | 10 (2026-10-09) | 95.74% | 0.11% | 1.03x |
| ET | 15.0 | 0.02 | 20.19 | 15 (2026-10-16) | 98.46% | 0.13% | 1.02x |
| ET | 17.0 | 0.11 | 20.19 | 80 (2027-01-15) | 91.62% | 0.65% | 1.02x |
| ET | 18.0 | 0.02 | 20.19 | 15 (2026-10-16) | 96.79% | 0.11% | 1.02x |
| ET | 16.0 | 0.15 | 20.19 | 125 (2027-03-19) | 91.65% | 0.94% | 1.02x |
| ET | 16.0 | 0.05 | 20.19 | 60 (2026-12-18) | 95.68% | 0.31% | 1.01x |
| ET | 10.0 | 0.03 | 20.19 | 80 (2027-01-15) | 98.94% | 0.30% | 1.01x |
| ET | 14.0 | 0.04 | 20.19 | 125 (2027-03-19) | 97.72% | 0.29% | 1.01x |