Recommendation: HV
Current Price: $28.53
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 | 27.0 | 0.45 | 28.53 | 8 (2026-08-21) | 73.76% | 1.67% | 1.47x |
| FSLY | 25.0 | 1.05 | 28.53 | 28 (2026-09-18) | 75.75% | 4.20% | 1.33x |
| FSLY | 25.0 | 4.0 | 28.53 | 113 (2027-01-15) | 69.85% | 16.00% | 1.27x |
| FSLY | 25.0 | 0.2 | 28.53 | 8 (2026-08-21) | 88.53% | 0.80% | 1.25x |
| FSLY | 22.5 | 2.95 | 28.53 | 113 (2027-01-15) | 76.21% | 13.11% | 1.24x |
| FSLY | 20.0 | 1.55 | 28.53 | 93 (2026-12-18) | 83.57% | 7.75% | 1.19x |
| FSLY | 23.5 | 0.07 | 28.53 | 3 (2026-08-14) | 95.27% | 0.30% | 1.15x |
| FSLY | 23.0 | 0.05 | 28.53 | 3 (2026-08-14) | 96.79% | 0.22% | 1.11x |
| FSLY | 25.0 | 0.05 | 28.53 | 3 (2026-08-14) | 95.19% | 0.20% | 1.10x |
| FSLY | 26.5 | 0.05 | 28.53 | 3 (2026-08-14) | 92.18% | 0.19% | 1.09x |
| FSLY | 22.5 | 0.04 | 28.53 | 3 (2026-08-14) | 97.30% | 0.18% | 1.09x |
| FSLY | 2.5 | 0.08 | 28.53 | 113 (2027-01-15) | 99.52% | 3.20% | 1.07x |
| FSLY | 21.0 | 0.07 | 28.53 | 13 (2026-08-28) | 96.58% | 0.33% | 1.06x |
| FSLY | 5.0 | 0.11 | 28.53 | 113 (2027-01-15) | 99.10% | 2.20% | 1.05x |
| FSLY | 12.5 | 0.05 | 28.53 | 28 (2026-09-18) | 98.82% | 0.40% | 1.04x |