Recommendation: HV
Current Price: $3.49
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 | 2.0 | 0.04 | 3.49 | 11 (2026-05-29) | 94.21% | 2.00% | 1.53x |
| CLOV | 3.0 | 0.12 | 3.49 | 21 (2026-06-12) | 77.80% | 4.00% | 1.44x |
| CLOV | 3.0 | 0.03 | 3.49 | 6 (2026-05-22) | 87.50% | 1.00% | 1.44x |
| CLOV | 2.5 | 0.04 | 3.49 | 11 (2026-05-29) | 91.41% | 1.60% | 1.39x |
| CLOV | 3.0 | 0.05 | 3.49 | 11 (2026-05-29) | 84.44% | 1.67% | 1.38x |
| CLOV | 2.5 | 0.02 | 3.49 | 6 (2026-05-22) | 94.79% | 0.80% | 1.37x |
| CLOV | 0.5 | 0.01 | 3.49 | 16 (2026-06-05) | 99.51% | 2.00% | 1.36x |
| CLOV | 1.0 | 0.02 | 3.49 | 16 (2026-06-05) | 98.20% | 2.00% | 1.36x |
| CLOV | 3.0 | 0.1 | 3.49 | 25 (2026-06-18) | 84.40% | 3.33% | 1.32x |
| CLOV | 3.0 | 0.06 | 3.49 | 16 (2026-06-05) | 82.47% | 2.00% | 1.29x |
| CLOV | 3.0 | 0.26 | 3.49 | 71 (2026-08-21) | 72.72% | 8.67% | 1.24x |
| CLOV | 3.0 | 0.01 | 3.49 | 1 (2026-05-15) | 94.42% | 0.33% | 1.17x |
| CLOV | 2.5 | 0.13 | 3.49 | 71 (2026-08-21) | 85.20% | 5.20% | 1.17x |
| CLOV | 2.5 | 0.34 | 3.49 | 176 (2027-01-15) | 80.22% | 13.60% | 1.16x |
| CLOV | 2.5 | 0.04 | 3.49 | 25 (2026-06-18) | 91.78% | 1.60% | 1.16x |
| CLOV | 2.0 | 0.12 | 3.49 | 136 (2026-11-20) | 89.98% | 6.00% | 1.10x |
| CLOV | 1.5 | 0.01 | 3.49 | 25 (2026-06-18) | 98.84% | 0.67% | 1.07x |
| CLOV | 1.5 | 0.05 | 3.49 | 176 (2027-01-15) | 95.74% | 3.33% | 1.05x |