Recommendation: NO
Current Price: $19.19
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 | 19.0 | 0.55 | 19.19 | 40 (2026-08-21) | 56.82% | 2.89% | 1.11x |
| ET | 18.0 | 0.22 | 19.19 | 40 (2026-08-21) | 78.14% | 1.22% | 1.06x |
| ET | 18.0 | 0.04 | 19.19 | 10 (2026-07-10) | 91.15% | 0.22% | 1.05x |
| ET | 18.5 | 0.02 | 19.19 | 4 (2026-07-02) | 91.85% | 0.11% | 1.05x |
| ET | 18.0 | 0.66 | 19.19 | 145 (2027-01-15) | 69.32% | 3.67% | 1.04x |
| ET | 17.0 | 0.03 | 19.19 | 10 (2026-07-10) | 95.26% | 0.18% | 1.04x |
| ET | 17.0 | 0.4 | 19.19 | 125 (2026-12-18) | 80.47% | 2.35% | 1.04x |
| ET | 17.0 | 0.45 | 19.19 | 145 (2027-01-15) | 78.69% | 2.65% | 1.04x |
| ET | 17.0 | 0.21 | 19.19 | 80 (2026-10-16) | 84.80% | 1.24% | 1.03x |
| ET | 17.5 | 0.01 | 19.19 | 4 (2026-07-02) | 97.16% | 0.06% | 1.03x |
| ET | 17.5 | 0.04 | 19.19 | 20 (2026-07-24) | 93.07% | 0.23% | 1.03x |
| ET | 10.0 | 0.24 | 19.19 | 410 (2028-01-21) | 94.85% | 2.40% | 1.01x |
| ET | 8.0 | 0.17 | 19.19 | 410 (2028-01-21) | 96.81% | 2.13% | 1.01x |
| ET | 10.0 | 0.05 | 19.19 | 145 (2027-01-15) | 98.10% | 0.50% | 1.01x |
| ET | 8.0 | 0.03 | 19.19 | 145 (2027-01-15) | 98.95% | 0.37% | 1.01x |