Recommendation: HV
Current Price: $5.83
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 | 5.5 | 0.37 | 5.83 | 14 (2026-02-20) | 64.44% | 6.73% | 2.15x |
| CHPT | 2.0 | 1.48 | 5.83 | 249 (2027-01-15) | 96.40% | 74.00% | 1.72x |
| CHPT | 5.0 | 0.34 | 5.83 | 34 (2026-03-20) | 74.12% | 6.80% | 1.44x |
| CHPT | 3.0 | 0.05 | 5.83 | 14 (2026-02-20) | 96.13% | 1.67% | 1.33x |
| CHPT | 5.0 | 1.57 | 5.83 | 249 (2027-01-15) | 74.03% | 31.40% | 1.24x |
| CHPT | 5.0 | 0.85 | 5.83 | 144 (2026-08-21) | 71.28% | 17.00% | 1.22x |
| CHPT | 5.0 | 0.02 | 5.83 | 4 (2026-02-06) | 93.30% | 0.40% | 1.21x |