Recommendation: HV
Current Price: $2.31
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 | 0.5 | 0.05 | 2.31 | 17 (2026-04-17) | 97.49% | 10.00% | 3.97x |
| CLNE | 1.0 | 0.03 | 2.31 | 17 (2026-04-17) | 95.39% | 3.00% | 1.52x |
| CLNE | 2.0 | 0.06 | 2.31 | 17 (2026-04-17) | 79.27% | 3.00% | 1.42x |
| CLNE | 1.5 | 0.03 | 2.31 | 17 (2026-04-17) | 92.65% | 2.00% | 1.31x |
| CLNE | 2.0 | 0.15 | 2.31 | 61 (2026-06-18) | 72.87% | 7.50% | 1.25x |
| CLNE | 1.0 | 0.03 | 2.31 | 61 (2026-06-18) | 95.97% | 3.00% | 1.12x |
| CLNE | 0.5 | 0.03 | 2.31 | 127 (2026-09-18) | 97.83% | 6.00% | 1.12x |
| CLNE | 1.0 | 0.05 | 2.31 | 127 (2026-09-18) | 94.08% | 5.00% | 1.10x |