Recommendation: HV
Current Price: $2.50
Total Wheels: 9
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 |
|---|---|---|---|---|---|---|---|
| CRON | 1.5 | 0.04 | 2.50 | 15 (2026-04-17) | 92.61% | 2.67% | 1.51x |
| CRON | 2.5 | 0.3 | 2.50 | 80 (2026-07-17) | 56.11% | 12.00% | 1.23x |
| CRON | 2.0 | 0.15 | 2.50 | 145 (2026-10-16) | 78.04% | 7.50% | 1.10x |