Recommendation: HV
Current Price: $0.68
Total Wheels: 3
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 |
|---|---|---|---|---|---|---|---|
| CHPT | 0.5 | 0.01 | 0.68 | 4 (2025-06-27) | 90.80% | 2.00% | 2.48x |
| CHPT | 0.5 | 0.01 | 0.68 | 8 (2025-07-03) | 89.77% | 2.00% | 1.75x |
| CHPT | 0.5 | 0.02 | 0.68 | 19 (2025-07-18) | 85.51% | 4.00% | 1.56x |
| CHPT | 0.5 | 0.12 | 0.68 | 109 (2025-11-21) E | 78.74% | 24.00% | 1.49x |
| CHPT | 0.5 | 0.01 | 0.68 | 14 (2025-07-11) | 91.98% | 2.00% | 1.39x |
| CHPT | 0.5 | 0.03 | 0.68 | 39 (2025-08-15) | 83.49% | 6.00% | 1.37x |