Recommendation: HV
Current Price: $9.64
Total Wheels: 32
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 |
|---|---|---|---|---|---|---|---|
| MARA | 9.5 | 0.39 | 9.64 | 8 (2026-08-21) | 57.29% | 4.11% | 2.08x |
| MARA | 9.5 | 0.17 | 9.64 | 3 (2026-08-14) | 60.81% | 1.79% | 1.73x |
| MARA | 9.0 | 0.19 | 9.64 | 8 (2026-08-21) | 73.91% | 2.11% | 1.63x |
| MARA | 9.5 | 0.71 | 9.64 | 23 (2026-09-11) | 57.03% | 7.47% | 1.58x |
| MARA | 9.0 | 0.3 | 9.64 | 13 (2026-08-28) | 70.61% | 3.33% | 1.57x |
| MARA | 9.5 | 0.94 | 9.64 | 33 (2026-09-25) | 57.60% | 9.89% | 1.53x |
| MARA | 9.0 | 0.62 | 9.64 | 28 (2026-09-18) | 65.80% | 6.89% | 1.49x |
| MARA | 9.0 | 0.49 | 9.64 | 23 (2026-09-11) | 66.89% | 5.44% | 1.48x |
| MARA | 9.0 | 0.68 | 9.64 | 33 (2026-09-25) | 65.43% | 7.56% | 1.45x |
| MARA | 8.5 | 0.5 | 9.64 | 33 (2026-09-25) | 72.26% | 5.88% | 1.37x |
| MARA | 8.5 | 0.17 | 9.64 | 13 (2026-08-28) | 80.94% | 2.00% | 1.37x |
| MARA | 8.5 | 0.32 | 9.64 | 23 (2026-09-11) | 75.97% | 3.76% | 1.36x |
| MARA | 9.0 | 1.46 | 9.64 | 93 (2026-12-18) | 65.14% | 16.22% | 1.31x |
| MARA | 8.0 | 0.34 | 9.64 | 33 (2026-09-25) | 79.64% | 4.25% | 1.29x |
| MARA | 8.0 | 0.28 | 9.64 | 28 (2026-09-18) | 80.97% | 3.50% | 1.29x |
| MARA | 9.0 | 1.61 | 9.64 | 113 (2027-01-15) | 65.51% | 17.89% | 1.28x |
| MARA | 8.0 | 0.99 | 9.64 | 93 (2026-12-18) | 73.61% | 12.37% | 1.27x |
| MARA | 8.0 | 0.2 | 9.64 | 23 (2026-09-11) | 81.93% | 2.50% | 1.25x |
| MARA | 8.0 | 1.11 | 9.64 | 113 (2027-01-15) | 73.34% | 13.88% | 1.24x |
| MARA | 9.0 | 1.84 | 9.64 | 158 (2027-03-19) | 66.24% | 20.44% | 1.22x |
| MARA | 9.0 | 0.04 | 9.64 | 3 (2026-08-14) | 86.67% | 0.44% | 1.21x |
| MARA | 7.0 | 0.62 | 9.64 | 93 (2026-12-18) | 81.56% | 8.86% | 1.21x |
| MARA | 7.0 | 0.75 | 9.64 | 113 (2027-01-15) | 80.64% | 10.71% | 1.20x |
| MARA | 7.5 | 0.2 | 9.64 | 33 (2026-09-25) | 84.96% | 2.67% | 1.19x |
| MARA | 6.0 | 0.36 | 9.64 | 93 (2026-12-18) | 88.22% | 6.00% | 1.15x |
| MARA | 7.0 | 0.11 | 9.64 | 28 (2026-09-18) | 91.39% | 1.57% | 1.14x |
| MARA | 2.0 | 0.05 | 9.64 | 93 (2026-12-18) | 98.78% | 2.50% | 1.07x |
| MARA | 8.0 | 0.01 | 9.64 | 3 (2026-08-14) | 97.33% | 0.13% | 1.06x |
| MARA | 8.5 | 0.01 | 9.64 | 3 (2026-08-14) | 96.51% | 0.12% | 1.06x |
| MARA | 7.0 | 0.01 | 9.64 | 8 (2026-08-21) | 98.02% | 0.14% | 1.05x |
| MARA | 2.0 | 0.04 | 9.64 | 113 (2027-01-15) | 98.99% | 2.00% | 1.04x |
| MARA | 1.0 | 0.01 | 9.64 | 113 (2027-01-15) | 99.78% | 1.00% | 1.02x |