Recommendation: HV
Current Price: $4.33
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 | 4.0 | 0.14 | 4.33 | 10 (2026-10-09) | 71.13% | 3.50% | 1.86x |
| CLOV | 4.0 | 0.05 | 4.33 | 5 (2026-10-02) | 79.95% | 1.25% | 1.65x |
| CLOV | 4.0 | 0.13 | 4.33 | 15 (2026-10-16) | 71.98% | 3.25% | 1.47x |
| CLOV | 4.0 | 0.32 | 4.33 | 40 (2026-11-20) | 66.45% | 8.00% | 1.39x |
| CLOV | 4.0 | 0.19 | 4.33 | 25 (2026-10-30) | 69.17% | 4.75% | 1.39x |
| CLOV | 3.5 | 0.03 | 4.33 | 10 (2026-10-09) | 91.17% | 0.86% | 1.22x |
| CLOV | 3.5 | 0.04 | 4.33 | 15 (2026-10-16) | 90.51% | 1.14% | 1.19x |
| CLOV | 3.5 | 0.07 | 4.33 | 25 (2026-10-30) | 86.47% | 2.00% | 1.19x |
| CLOV | 3.5 | 0.01 | 4.33 | 5 (2026-10-02) | 95.80% | 0.29% | 1.15x |
| CLOV | 3.0 | 0.07 | 4.33 | 40 (2026-11-20) | 90.32% | 2.33% | 1.14x |
| CLOV | 3.0 | 0.03 | 4.33 | 20 (2026-10-23) | 94.10% | 1.00% | 1.13x |
| CLOV | 3.0 | 0.15 | 4.33 | 105 (2027-02-19) | 86.26% | 5.00% | 1.11x |
| CLOV | 1.0 | 0.04 | 4.33 | 105 (2027-02-19) | 98.00% | 4.00% | 1.10x |
| CLOV | 2.5 | 0.06 | 4.33 | 80 (2027-01-15) | 93.59% | 2.40% | 1.07x |
| CLOV | 1.0 | 0.01 | 4.33 | 40 (2026-11-20) | 99.15% | 1.00% | 1.06x |
| CLOV | 2.0 | 0.03 | 4.33 | 105 (2027-02-19) | 97.21% | 1.50% | 1.04x |
| CLOV | 1.5 | 0.02 | 4.33 | 105 (2027-02-19) | 98.24% | 1.33% | 1.03x |
| CLOV | 1.0 | 0.01 | 4.33 | 80 (2027-01-15) | 99.12% | 1.00% | 1.03x |