Recommendation: ST
Current Price: $31.36
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 | 31.0 | 1.31 | 31.36 | 4 (2025-05-09) E | 56.25% | 4.23% | 3.27x |
| GEO | 30.0 | 0.8 | 31.36 | 4 (2025-05-09) E | 67.20% | 2.67% | 2.45x |
| GEO | 30.5 | 1.25 | 31.36 | 9 (2025-05-16) E | 60.91% | 4.10% | 1.99x |
| GEO | 29.0 | 0.5 | 31.36 | 4 (2025-05-09) E | 77.08% | 1.72% | 1.95x |
| GEO | 30.0 | 1.1 | 31.36 | 9 (2025-05-16) E | 65.46% | 3.67% | 1.94x |
| GEO | 30.0 | 2.5 | 31.36 | 24 (2025-06-06) E | 61.90% | 8.33% | 1.70x |
| GEO | 28.0 | 0.3 | 31.36 | 4 (2025-05-09) E | 85.27% | 1.07% | 1.58x |
| GEO | 27.5 | 0.25 | 31.36 | 4 (2025-05-09) E | 87.49% | 0.91% | 1.49x |
| GEO | 27.0 | 0.2 | 31.36 | 4 (2025-05-09) E | 88.69% | 0.74% | 1.39x |
| GEO | 24.0 | 3.52 | 31.36 | 99 (2025-09-19) E | 77.28% | 14.67% | 1.31x |
| GEO | 24.0 | 0.32 | 31.36 | 24 (2025-06-06) E | 90.88% | 1.33% | 1.13x |