Recommendation: ST
Current Price: $16.94
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 | 16.0 | 1.0 | 16.94 | 39 (2026-05-15) | 64.67% | 6.25% | 1.29x |
| GEO | 15.0 | 0.3 | 16.94 | 19 (2026-04-17) | 80.00% | 2.00% | 1.23x |
| GEO | 15.0 | 0.95 | 16.94 | 63 (2026-06-18) | 72.00% | 6.33% | 1.20x |
| GEO | 14.0 | 0.15 | 16.94 | 19 (2026-04-17) | 89.28% | 1.07% | 1.13x |
| GEO | 13.0 | 2.55 | 16.94 | 479 (2028-01-21) | 77.20% | 19.62% | 1.08x |
| GEO | 3.0 | 0.05 | 16.94 | 214 (2027-01-15) | 99.26% | 1.67% | 1.02x |