Recommendation: HV
Current Price: $6.51
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 | 6.51 | 1 (2026-05-15) | 71.93% | 3.33% | 3.30x |
| SKLZ | 6.0 | 0.75 | 6.51 | 25 (2026-06-18) | 65.75% | 12.50% | 2.22x |
| SKLZ | 5.0 | 0.3 | 6.51 | 25 (2026-06-18) | 81.67% | 6.00% | 1.62x |
| SKLZ | 3.0 | 0.12 | 6.51 | 25 (2026-06-18) | 94.38% | 4.00% | 1.45x |
| SKLZ | 4.0 | 0.65 | 6.51 | 136 (2026-11-20) | 84.43% | 16.25% | 1.27x |
| SKLZ | 2.0 | 0.2 | 6.51 | 156 (2026-12-18) | 95.26% | 10.00% | 1.16x |