Recommendation: ST
Current Price: $15.75
Total Wheels: 17
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 |
|---|---|---|---|---|---|---|---|
| GEO | 15.0 | 0.69 | 15.75 | 14 (2026-02-20) | 64.76% | 4.60% | 1.70x |
| GEO | 15.0 | 1.3 | 15.75 | 54 (2026-04-17) | 62.59% | 8.67% | 1.28x |
| GEO | 12.0 | 0.21 | 15.75 | 34 (2026-03-20) | 89.45% | 1.75% | 1.12x |
| GEO | 10.0 | 2.56 | 15.75 | 514 (2028-01-21) | 83.39% | 25.60% | 1.10x |
| GEO | 11.0 | 0.05 | 15.75 | 14 (2026-02-20) | 96.28% | 0.45% | 1.08x |
| GEO | 5.0 | 0.37 | 15.75 | 514 (2028-01-21) | 95.79% | 7.40% | 1.03x |