Recommendation: HV
Current Price: $4.49
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 | 0.03 | 4.49 | 7 (2026-08-21) | 96.22% | 1.20% | 1.51x |
| CLOV | 1.5 | 0.01 | 4.49 | 7 (2026-08-21) | 99.11% | 0.67% | 1.27x |
| CLOV | 3.0 | 0.02 | 4.49 | 7 (2026-08-21) | 95.39% | 0.67% | 1.26x |
| CLOV | 4.0 | 0.02 | 4.49 | 2 (2026-08-14) | 90.25% | 0.50% | 1.25x |
| CLOV | 4.0 | 0.12 | 4.49 | 32 (2026-09-25) | 77.01% | 3.00% | 1.20x |
| CLOV | 4.0 | 0.45 | 4.49 | 112 (2027-01-15) | 69.02% | 11.25% | 1.18x |
| CLOV | 4.0 | 0.02 | 4.49 | 7 (2026-08-21) | 91.63% | 0.50% | 1.18x |
| CLOV | 3.0 | 0.03 | 4.49 | 17 (2026-09-04) | 94.86% | 1.00% | 1.15x |
| CLOV | 3.5 | 0.01 | 4.49 | 7 (2026-08-21) | 97.64% | 0.29% | 1.11x |
| CLOV | 1.0 | 0.04 | 4.49 | 137 (2027-02-19) | 98.26% | 4.00% | 1.07x |
| CLOV | 2.0 | 0.08 | 4.49 | 137 (2027-02-19) | 94.70% | 4.00% | 1.07x |
| CLOV | 2.5 | 0.01 | 4.49 | 17 (2026-09-04) | 98.14% | 0.40% | 1.06x |
| CLOV | 3.5 | 0.01 | 4.49 | 12 (2026-08-28) | 96.65% | 0.29% | 1.06x |
| CLOV | 1.0 | 0.01 | 4.49 | 72 (2026-11-20) | 99.40% | 1.00% | 1.04x |