Recommendation: NO
Current Price: $17.94
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 | 15.5 | 0.1 | 17.94 | 11 (2026-02-20) | 91.99% | 0.65% | 1.15x |
| ET | 12.0 | 0.15 | 17.94 | 31 (2026-03-20) | 94.04% | 1.25% | 1.10x |
| ET | 14.0 | 0.04 | 17.94 | 11 (2026-02-20) | 96.52% | 0.29% | 1.07x |
| ET | 17.0 | 0.48 | 17.94 | 95 (2026-06-18) | 69.41% | 2.82% | 1.05x |
| ET | 17.0 | 1.03 | 17.94 | 246 (2027-01-15) | 65.10% | 6.06% | 1.04x |
| ET | 10.0 | 0.13 | 17.94 | 95 (2026-06-18) | 95.90% | 1.30% | 1.03x |
| ET | 15.0 | 0.01 | 17.94 | 6 (2026-02-13) | 98.86% | 0.07% | 1.03x |
| ET | 16.0 | 0.01 | 17.94 | 6 (2026-02-13) | 97.36% | 0.06% | 1.03x |
| ET | 16.5 | 0.01 | 17.94 | 6 (2026-02-13) | 97.01% | 0.06% | 1.02x |
| ET | 5.0 | 0.02 | 17.94 | 95 (2026-06-18) | 99.50% | 0.40% | 1.01x |