Recommendation: HV
Current Price: $1.76
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 | 1.5 | 0.05 | 1.76 | 19 (2025-07-18) | 80.42% | 3.33% | 1.42x |
| CLNE | 1.0 | 0.05 | 1.76 | 64 (2025-09-19) E | 91.07% | 5.00% | 1.19x |
| CLNE | 1.5 | 0.2 | 1.76 | 149 (2026-01-16) E | 71.84% | 13.33% | 1.17x |