Recommendation: HV
Current Price: $8.41
Total Wheels: 2
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 |
|---|---|---|---|---|---|---|---|
| CRSR | 7.5 | 0.35 | 8.41 | 29 (2026-07-17) | 73.36% | 4.67% | 1.34x |
| CRSR | 5.0 | 0.3 | 8.41 | 119 (2026-11-20) | 89.35% | 6.00% | 1.12x |