Recommendation: HV
Current Price: $9.06
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 | 0.15 | 9.06 | 19 (2025-07-18) | 85.20% | 2.00% | 1.25x |
| CRSR | 7.5 | 0.32 | 9.06 | 39 (2025-08-15) E | 79.84% | 4.27% | 1.24x |
| CRSR | 5.0 | 0.08 | 9.06 | 39 (2025-08-15) E | 95.57% | 1.60% | 1.10x |