Recommendation: HV
Current Price: $1.74
Total Wheels: 1
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 |
|---|---|---|---|---|---|---|---|
| CLNE | 1.0 | 0.07 | 1.74 | 27 (2026-09-18) | 89.06% | 7.00% | 1.76x |
| CLNE | 0.5 | 0.04 | 1.74 | 92 (2026-12-18) | 96.12% | 8.00% | 1.22x |
| CLNE | 1.0 | 0.08 | 1.74 | 92 (2026-12-18) | 88.50% | 8.00% | 1.21x |
| CLNE | 1.5 | 0.24 | 1.74 | 157 (2027-03-19) | 70.98% | 16.00% | 1.19x |