Recommendation: HV
Current Price: $6.64
Total Wheels: 11
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 |
|---|---|---|---|---|---|---|---|
| SKLZ | 6.0 | 0.2 | 6.64 | 19 (2025-07-18) | 74.56% | 3.33% | 1.38x |
| SKLZ | 4.0 | 0.1 | 6.64 | 19 (2025-07-18) | 91.92% | 2.50% | 1.35x |
| SKLZ | 6.0 | 0.38 | 6.64 | 39 (2025-08-15) E | 69.92% | 6.33% | 1.32x |
| SKLZ | 4.0 | 0.15 | 6.64 | 39 (2025-08-15) E | 91.10% | 3.75% | 1.24x |
| SKLZ | 6.0 | 0.95 | 6.64 | 129 (2025-12-19) E | 67.73% | 15.83% | 1.22x |
| SKLZ | 3.0 | 0.15 | 6.64 | 129 (2025-12-19) E | 93.97% | 5.00% | 1.09x |