Recommendation: HV
Current Price: $16.19
Total Wheels: 1
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 |
|---|---|---|---|---|---|---|---|
| FLGT | 15.0 | 1.44 | 16.19 | 46 (2026-07-17) | 65.63% | 9.60% | 1.40x |
| FLGT | 15.0 | 2.58 | 16.19 | 111 (2026-10-16) | 65.96% | 17.20% | 1.28x |