Recommendation: NO
Current Price: $6.81
Total Wheels: 19
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 |
|---|---|---|---|---|---|---|---|
| OMER | 6.0 | 0.25 | 6.81 | 9 (2025-05-16) E | 75.33% | 4.17% | 2.38x |
| OMER | 5.0 | 0.13 | 6.81 | 9 (2025-05-16) E | 88.44% | 2.60% | 1.89x |
| OMER | 6.0 | 1.5 | 6.81 | 74 (2025-08-15) E | 70.99% | 25.00% | 1.74x |
| OMER | 4.0 | 0.35 | 6.81 | 74 (2025-08-15) E | 87.78% | 8.75% | 1.29x |
| OMER | 5.0 | 1.05 | 6.81 | 164 (2025-12-19) E | 78.58% | 21.00% | 1.26x |
| OMER | 4.0 | 0.85 | 6.81 | 424 (2026-12-18) E | 85.21% | 21.25% | 1.10x |