Recommendation: HV
Current Price: $8.79
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 | 8.5 | 0.6 | 8.79 | 9 (2026-02-13) | 60.39% | 7.06% | 3.22x |
| FSLY | 8.5 | 0.79 | 8.79 | 14 (2026-02-20) | 60.29% | 9.29% | 2.67x |
| FSLY | 8.0 | 0.64 | 8.79 | 14 (2026-02-20) | 68.02% | 8.00% | 2.60x |
| FSLY | 2.5 | 0.21 | 8.79 | 34 (2026-03-20) | 96.13% | 8.40% | 1.78x |
| FSLY | 8.0 | 0.1 | 8.79 | 4 (2026-02-06) | 84.37% | 1.25% | 1.70x |
| FSLY | 5.0 | 0.25 | 8.79 | 34 (2026-03-20) | 90.83% | 5.00% | 1.39x |
| FSLY | 7.5 | 1.05 | 8.79 | 164 (2026-09-18) | 71.75% | 14.00% | 1.16x |
| FSLY | 7.5 | 1.6 | 8.79 | 249 (2027-01-15) | 72.18% | 21.33% | 1.16x |