Recommendation: NO
Current Price: $3.19
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 | 3.0 | 0.21 | 3.19 | 19 (2025-07-18) | 64.72% | 7.00% | 1.80x |
| OMER | 3.0 | 0.4 | 3.19 | 39 (2025-08-15) E | 63.95% | 13.33% | 1.70x |
| OMER | 3.0 | 1.04 | 3.19 | 129 (2025-12-19) E | 70.77% | 34.67% | 1.54x |
| OMER | 3.0 | 1.05 | 3.19 | 409 (2027-01-15) E | 71.40% | 35.00% | 1.15x |