Recommendation: HV
Current Price: $24.96
Total Wheels: 4
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 |
|---|---|---|---|---|---|---|---|
| FSLY | 24.5 | 0.95 | 24.96 | 5 (2026-10-02) | 58.59% | 3.88% | 3.10x |
| FSLY | 24.0 | 0.75 | 24.96 | 5 (2026-10-02) | 65.10% | 3.12% | 2.76x |
| FSLY | 23.5 | 0.55 | 24.96 | 5 (2026-10-02) | 71.63% | 2.34% | 2.31x |
| FSLY | 24.5 | 1.3 | 24.96 | 10 (2026-10-09) | 57.90% | 5.31% | 2.14x |
| FSLY | 22.5 | 2.4 | 24.96 | 40 (2026-11-20) | 67.98% | 10.67% | 1.55x |
| FSLY | 20.0 | 1.5 | 24.96 | 40 (2026-11-20) | 77.87% | 7.50% | 1.43x |
| FSLY | 17.5 | 0.8 | 24.96 | 40 (2026-11-20) | 86.69% | 4.57% | 1.28x |
| FSLY | 21.0 | 0.1 | 24.96 | 5 (2026-10-02) | 94.85% | 0.48% | 1.25x |
| FSLY | 20.5 | 0.1 | 24.96 | 5 (2026-10-02) | 92.21% | 0.49% | 1.25x |
| FSLY | 17.5 | 3.0 | 24.96 | 210 (2027-07-16) | 80.44% | 17.14% | 1.17x |
| FSLY | 15.0 | 1.2 | 24.96 | 125 (2027-03-19) | 87.69% | 8.00% | 1.15x |
| FSLY | 2.5 | 0.08 | 24.96 | 80 (2027-01-15) | 99.43% | 3.20% | 1.10x |