Recommendation: ST
Current Price: $23.39
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 | 19.0 | 2.69 | 23.39 | 91 (2026-09-18) | 74.46% | 14.16% | 1.32x |
| GEO | 19.0 | 0.45 | 23.39 | 25 (2026-06-18) | 85.08% | 2.37% | 1.22x |
| GEO | 20.0 | 2.6 | 23.39 | 136 (2026-11-20) | 71.72% | 13.00% | 1.18x |
| GEO | 19.0 | 0.67 | 23.39 | 46 (2026-07-17) | 82.26% | 3.53% | 1.17x |
| GEO | 18.0 | 1.13 | 23.39 | 91 (2026-09-18) | 81.12% | 6.28% | 1.15x |
| GEO | 18.0 | 0.05 | 23.39 | 1 (2026-05-15) | 96.81% | 0.28% | 1.14x |
| GEO | 19.0 | 1.9 | 23.39 | 176 (2027-01-15) | 75.77% | 10.00% | 1.11x |
| GEO | 18.0 | 1.6 | 23.39 | 176 (2027-01-15) | 79.08% | 8.89% | 1.10x |
| GEO | 16.0 | 1.0 | 23.39 | 176 (2027-01-15) | 85.64% | 6.25% | 1.08x |
| GEO | 16.0 | 0.1 | 23.39 | 25 (2026-06-18) | 95.28% | 0.63% | 1.06x |
| GEO | 15.0 | 0.35 | 23.39 | 91 (2026-09-18) | 92.20% | 2.33% | 1.06x |
| GEO | 18.0 | 0.11 | 23.39 | 25 (2026-06-18) | 94.26% | 0.61% | 1.06x |
| GEO | 13.0 | 0.22 | 23.39 | 91 (2026-09-18) | 95.15% | 1.69% | 1.05x |
| GEO | 5.0 | 0.15 | 23.39 | 441 (2028-01-21) | 98.52% | 3.00% | 1.02x |