Recommendation: HV
Current Price: $2.83
Total Wheels: 3
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 |
|---|---|---|---|---|---|---|---|
| CLOV | 2.5 | 0.14 | 2.83 | 39 (2025-08-15) E | 73.15% | 5.60% | 1.30x |
| CLOV | 2.5 | 0.06 | 2.83 | 19 (2025-07-18) | 79.39% | 2.40% | 1.28x |
| CLOV | 2.5 | 0.07 | 2.83 | 24 (2025-07-25) | 78.27% | 2.80% | 1.26x |
| CLOV | 2.5 | 0.07 | 2.83 | 29 (2025-08-01) | 78.71% | 2.80% | 1.21x |
| CLOV | 2.5 | 0.3 | 2.83 | 109 (2025-11-21) E | 69.53% | 12.00% | 1.20x |
| CLOV | 2.5 | 0.03 | 2.83 | 14 (2025-07-11) | 85.93% | 1.20% | 1.20x |
| CLOV | 2.5 | 0.01 | 2.83 | 4 (2025-06-27) | 90.55% | 0.40% | 1.20x |
| CLOV | 2.0 | 0.04 | 2.83 | 39 (2025-08-15) E | 90.86% | 2.00% | 1.12x |
| CLOV | 2.5 | 0.01 | 2.83 | 8 (2025-07-03) | 91.75% | 0.40% | 1.12x |
| CLOV | 1.5 | 0.04 | 2.83 | 109 (2025-11-21) E | 94.44% | 2.67% | 1.06x |
| CLOV | 0.5 | 0.01 | 2.83 | 149 (2026-01-16) E | 99.14% | 2.00% | 1.03x |