Recommendation: HV
Current Price: $1.82
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 | 1.5 | 0.02 | 1.82 | 8 (2026-04-02) | 87.26% | 1.33% | 1.44x |
| CLOV | 1.5 | 0.14 | 1.82 | 109 (2026-08-21) | 75.17% | 9.33% | 1.17x |