Recommendation: NO
Current Price: $16.19
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 | 16.0 | 0.35 | 16.19 | 4 (2025-05-09) E | 58.25% | 2.19% | 1.89x |
| ET | 16.0 | 0.41 | 16.19 | 9 (2025-05-16) E | 57.66% | 2.56% | 1.51x |
| ET | 15.5 | 0.15 | 16.19 | 4 (2025-05-09) E | 76.44% | 0.97% | 1.45x |
| ET | 15.5 | 0.25 | 16.19 | 9 (2025-05-16) E | 71.58% | 1.61% | 1.38x |
| ET | 16.0 | 0.45 | 16.19 | 14 (2025-05-23) E | 57.41% | 2.81% | 1.33x |
| ET | 16.0 | 0.53 | 16.19 | 19 (2025-05-30) E | 56.94% | 3.31% | 1.28x |
| ET | 15.5 | 0.27 | 16.19 | 14 (2025-05-23) E | 71.01% | 1.74% | 1.25x |
| ET | 16.0 | 0.57 | 16.19 | 24 (2025-06-06) E | 56.82% | 3.56% | 1.23x |
| ET | 16.0 | 0.73 | 16.19 | 34 (2025-06-20) E | 56.48% | 4.56% | 1.21x |
| ET | 15.0 | 0.12 | 16.19 | 9 (2025-05-16) E | 83.31% | 0.80% | 1.20x |
| ET | 15.5 | 0.29 | 16.19 | 19 (2025-05-30) E | 70.13% | 1.87% | 1.19x |
| ET | 15.0 | 0.05 | 16.19 | 4 (2025-05-09) E | 89.92% | 0.33% | 1.16x |
| ET | 15.0 | 0.14 | 16.19 | 14 (2025-05-23) E | 82.02% | 0.93% | 1.15x |
| ET | 15.0 | 0.36 | 16.19 | 34 (2025-06-20) E | 74.18% | 2.40% | 1.14x |
| ET | 15.0 | 0.24 | 16.19 | 24 (2025-06-06) E | 77.68% | 1.60% | 1.14x |
| ET | 16.0 | 0.78 | 16.19 | 54 (2025-07-18) E | 56.57% | 4.88% | 1.14x |
| ET | 11.0 | 0.18 | 16.19 | 34 (2025-06-20) E | 92.63% | 1.64% | 1.12x |
| ET | 16.0 | 1.25 | 16.19 | 99 (2025-09-19) E | 56.94% | 7.81% | 1.12x |
| ET | 14.5 | 0.06 | 16.19 | 9 (2025-05-16) E | 90.82% | 0.41% | 1.11x |
| ET | 15.0 | 0.46 | 16.19 | 54 (2025-07-18) E | 72.16% | 3.07% | 1.11x |
| ET | 14.5 | 0.09 | 16.19 | 14 (2025-05-23) E | 88.58% | 0.62% | 1.10x |
| ET | 14.5 | 0.03 | 16.19 | 4 (2025-05-09) E | 93.77% | 0.21% | 1.10x |
| ET | 16.0 | 1.28 | 16.19 | 119 (2025-10-17) E | 57.07% | 8.00% | 1.10x |
| ET | 10.0 | 0.2 | 16.19 | 54 (2025-07-18) E | 93.58% | 2.00% | 1.09x |
| ET | 15.0 | 0.86 | 16.19 | 119 (2025-10-17) E | 67.97% | 5.73% | 1.08x |
| ET | 14.0 | 0.04 | 16.19 | 9 (2025-05-16) E | 93.73% | 0.29% | 1.08x |
| ET | 14.0 | 0.02 | 16.19 | 4 (2025-05-09) E | 96.56% | 0.14% | 1.07x |
| ET | 14.0 | 0.49 | 16.19 | 99 (2025-09-19) E | 78.42% | 3.50% | 1.07x |
| ET | 14.0 | 0.56 | 16.19 | 119 (2025-10-17) E | 77.39% | 4.00% | 1.07x |
| ET | 13.0 | 0.3 | 16.19 | 99 (2025-09-19) E | 84.90% | 2.31% | 1.05x |
| ET | 12.0 | 0.02 | 16.19 | 9 (2025-05-16) E | 98.26% | 0.17% | 1.05x |
| ET | 12.0 | 0.01 | 16.19 | 4 (2025-05-09) E | 99.07% | 0.08% | 1.04x |
| ET | 11.0 | 0.1 | 16.19 | 54 (2025-07-18) E | 95.85% | 0.91% | 1.04x |
| ET | 13.0 | 0.01 | 16.19 | 4 (2025-05-09) E | 98.89% | 0.08% | 1.04x |
| ET | 13.5 | 0.01 | 16.19 | 4 (2025-05-09) E | 98.82% | 0.07% | 1.04x |
| ET | 12.0 | 0.17 | 16.19 | 99 (2025-09-19) E | 91.49% | 1.42% | 1.03x |
| ET | 12.0 | 0.05 | 16.19 | 34 (2025-06-20) E | 96.16% | 0.42% | 1.03x |
| ET | 11.0 | 0.01 | 16.19 | 9 (2025-05-16) E | 99.03% | 0.09% | 1.03x |
| ET | 11.0 | 0.12 | 16.19 | 119 (2025-10-17) E | 94.25% | 1.09% | 1.02x |
| ET | 5.0 | 0.01 | 16.19 | 34 (2025-06-20) E | 99.66% | 0.20% | 1.01x |