Recommendation: HV
Current Price: $1.89
Total Wheels: 34
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 |
|---|---|---|---|---|---|---|---|
| SAVA | 1.5 | 0.13 | 1.89 | 39 (2025-08-15) E | 77.69% | 8.67% | 1.52x |
| SAVA | 1.5 | 0.05 | 1.89 | 19 (2025-07-18) | 84.14% | 3.33% | 1.44x |
| SAVA | 1.5 | 0.01 | 1.89 | 4 (2025-06-27) | 93.26% | 0.67% | 1.37x |
| SAVA | 1.5 | 0.33 | 1.89 | 149 (2026-01-16) E | 75.52% | 22.00% | 1.30x |
| SAVA | 1.0 | 0.27 | 1.89 | 409 (2027-01-15) E | 87.26% | 27.00% | 1.14x |