Recommendation: NO
Current Price: $19.43
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 | 0.05 | 19.43 | 4 (2026-11-13) | 82.35% | 0.26% | 1.12x |
| ET | 18.0 | 0.05 | 19.43 | 9 (2026-11-20) | 91.07% | 0.28% | 1.07x |
| ET | 17.5 | 0.04 | 19.43 | 9 (2026-11-20) | 93.60% | 0.23% | 1.06x |
| ET | 19.0 | 0.82 | 19.43 | 114 (2027-04-16) | 60.07% | 4.32% | 1.06x |
| ET | 17.0 | 0.02 | 19.43 | 9 (2026-11-20) | 96.82% | 0.12% | 1.03x |
| ET | 8.0 | 0.02 | 19.43 | 49 (2027-01-15) | 99.22% | 0.25% | 1.01x |
| ET | 13.0 | 0.03 | 19.43 | 49 (2027-01-15) | 98.27% | 0.23% | 1.01x |
| ET | 17.0 | 0.01 | 19.43 | 19 (2026-12-04) | 98.54% | 0.06% | 1.01x |