Recommendation: HV
Current Price: $13.09
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 | 13.0 | 0.58 | 13.09 | 4 (2025-05-09) E | 54.71% | 4.46% | 3.37x |
| MARA | 12.5 | 0.36 | 13.09 | 4 (2025-05-09) E | 67.13% | 2.88% | 2.63x |
| MARA | 13.0 | 0.81 | 13.09 | 9 (2025-05-16) E | 55.01% | 6.23% | 2.57x |
| MARA | 12.5 | 0.6 | 13.09 | 9 (2025-05-16) E | 63.90% | 4.80% | 2.33x |
| MARA | 13.0 | 0.95 | 13.09 | 14 (2025-05-23) E | 55.32% | 7.31% | 2.04x |
| MARA | 12.0 | 0.42 | 13.09 | 9 (2025-05-16) E | 72.36% | 3.50% | 2.01x |
| MARA | 12.0 | 0.21 | 13.09 | 4 (2025-05-09) E | 78.29% | 1.75% | 1.99x |
| MARA | 13.0 | 1.16 | 13.09 | 19 (2025-05-30) E | 55.88% | 8.92% | 1.91x |
| MARA | 12.5 | 0.72 | 13.09 | 14 (2025-05-23) E | 63.15% | 5.76% | 1.90x |
| MARA | 12.0 | 0.58 | 13.09 | 14 (2025-05-23) E | 69.96% | 4.83% | 1.82x |
| MARA | 13.0 | 1.29 | 13.09 | 24 (2025-06-06) E | 56.29% | 9.92% | 1.77x |
| MARA | 11.5 | 0.29 | 13.09 | 9 (2025-05-16) E | 79.50% | 2.52% | 1.74x |
| MARA | 12.5 | 0.85 | 13.09 | 19 (2025-05-30) E | 62.62% | 6.80% | 1.74x |
| MARA | 12.0 | 0.7 | 13.09 | 19 (2025-05-30) E | 68.91% | 5.83% | 1.69x |
| MARA | 12.5 | 1.23 | 13.09 | 29 (2025-06-13) E | 62.04% | 9.84% | 1.67x |
| MARA | 12.5 | 0.98 | 13.09 | 24 (2025-06-06) E | 62.27% | 7.84% | 1.65x |
| MARA | 13.0 | 1.57 | 13.09 | 34 (2025-06-20) E | 57.20% | 12.08% | 1.64x |
| MARA | 11.5 | 0.13 | 13.09 | 4 (2025-05-09) E | 85.78% | 1.13% | 1.63x |
| MARA | 11.5 | 0.4 | 13.09 | 14 (2025-05-23) E | 76.22% | 3.48% | 1.60x |
| MARA | 12.0 | 0.8 | 13.09 | 24 (2025-06-06) E | 67.96% | 6.67% | 1.59x |
| MARA | 11.0 | 0.21 | 13.09 | 9 (2025-05-16) E | 84.72% | 1.91% | 1.57x |
| MARA | 11.5 | 0.52 | 13.09 | 19 (2025-05-30) E | 74.94% | 4.52% | 1.56x |
| MARA | 12.0 | 0.9 | 13.09 | 29 (2025-06-13) E | 67.35% | 7.50% | 1.53x |
| MARA | 12.0 | 1.06 | 13.09 | 34 (2025-06-20) E | 66.93% | 8.83% | 1.53x |
| MARA | 11.5 | 0.63 | 13.09 | 24 (2025-06-06) E | 73.57% | 5.48% | 1.51x |
| MARA | 13.0 | 2.0 | 13.09 | 54 (2025-07-18) E | 58.58% | 15.38% | 1.50x |
| MARA | 11.0 | 0.29 | 13.09 | 14 (2025-05-23) E | 82.48% | 2.64% | 1.47x |
| MARA | 11.0 | 0.51 | 13.09 | 24 (2025-06-06) E | 78.26% | 4.64% | 1.45x |
| MARA | 12.0 | 1.47 | 13.09 | 54 (2025-07-18) E | 66.32% | 12.25% | 1.44x |
| MARA | 11.0 | 0.37 | 13.09 | 19 (2025-05-30) E | 80.59% | 3.36% | 1.43x |
| MARA | 11.0 | 0.7 | 13.09 | 34 (2025-06-20) E | 76.40% | 6.36% | 1.42x |
| MARA | 11.0 | 1.03 | 13.09 | 54 (2025-07-18) E | 73.84% | 9.36% | 1.37x |
| MARA | 10.5 | 0.21 | 13.09 | 14 (2025-05-23) E | 86.91% | 2.00% | 1.36x |
| MARA | 10.5 | 0.13 | 13.09 | 9 (2025-05-16) E | 89.86% | 1.24% | 1.36x |
| MARA | 10.5 | 0.29 | 13.09 | 19 (2025-05-30) E | 84.71% | 2.76% | 1.36x |
| MARA | 13.0 | 2.71 | 13.09 | 99 (2025-09-19) E | 61.31% | 20.85% | 1.36x |
| MARA | 11.0 | 0.07 | 13.09 | 4 (2025-05-09) E | 91.86% | 0.64% | 1.34x |
| MARA | 12.0 | 2.15 | 13.09 | 99 (2025-09-19) E | 66.87% | 17.92% | 1.33x |
| MARA | 10.5 | 0.35 | 13.09 | 24 (2025-06-06) E | 83.29% | 3.33% | 1.33x |
| MARA | 11.0 | 1.73 | 13.09 | 99 (2025-09-19) E | 72.42% | 15.73% | 1.32x |
| MARA | 10.0 | 0.43 | 13.09 | 34 (2025-06-20) E | 83.84% | 4.30% | 1.30x |
| MARA | 10.0 | 0.29 | 13.09 | 24 (2025-06-06) E | 86.49% | 2.90% | 1.30x |
| MARA | 10.0 | 0.22 | 13.09 | 19 (2025-05-30) E | 88.12% | 2.20% | 1.29x |
| MARA | 10.0 | 0.69 | 13.09 | 54 (2025-07-18) E | 80.79% | 6.90% | 1.29x |
| MARA | 10.0 | 0.15 | 13.09 | 14 (2025-05-23) E | 90.14% | 1.50% | 1.27x |
| MARA | 10.0 | 1.28 | 13.09 | 99 (2025-09-19) E | 77.78% | 12.80% | 1.27x |
| MARA | 12.0 | 2.97 | 13.09 | 164 (2025-12-19) E | 68.69% | 24.75% | 1.27x |
| MARA | 10.0 | 0.09 | 13.09 | 9 (2025-05-16) E | 92.94% | 0.90% | 1.26x |
| MARA | 11.0 | 2.39 | 13.09 | 164 (2025-12-19) E | 72.82% | 21.73% | 1.25x |
| MARA | 10.5 | 0.05 | 13.09 | 4 (2025-05-09) E | 94.20% | 0.48% | 1.25x |
| MARA | 10.0 | 2.01 | 13.09 | 164 (2025-12-19) E | 77.04% | 20.10% | 1.25x |
| MARA | 9.5 | 0.08 | 13.09 | 9 (2025-05-16) E | 94.10% | 0.84% | 1.25x |
| MARA | 9.5 | 0.12 | 13.09 | 14 (2025-05-23) E | 92.41% | 1.26% | 1.23x |
| MARA | 9.0 | 0.47 | 13.09 | 54 (2025-07-18) E | 86.40% | 5.22% | 1.23x |
| MARA | 9.0 | 0.91 | 13.09 | 99 (2025-09-19) E | 82.87% | 10.11% | 1.23x |
| MARA | 9.0 | 0.24 | 13.09 | 34 (2025-06-20) E | 90.03% | 2.67% | 1.19x |
| MARA | 8.0 | 1.14 | 13.09 | 164 (2025-12-19) E | 84.97% | 14.25% | 1.19x |
| MARA | 8.0 | 0.64 | 13.09 | 99 (2025-09-19) E | 87.26% | 8.00% | 1.19x |
| MARA | 9.0 | 0.11 | 13.09 | 19 (2025-05-30) E | 93.52% | 1.22% | 1.16x |
| MARA | 7.0 | 0.47 | 13.09 | 99 (2025-09-19) E | 90.71% | 6.71% | 1.16x |
| MARA | 9.0 | 0.05 | 13.09 | 9 (2025-05-16) E | 96.12% | 0.56% | 1.16x |
| MARA | 10.0 | 0.03 | 13.09 | 4 (2025-05-09) E | 96.49% | 0.30% | 1.16x |
| MARA | 8.0 | 0.15 | 13.09 | 34 (2025-06-20) E | 93.80% | 1.87% | 1.14x |
| MARA | 8.5 | 0.08 | 13.09 | 19 (2025-05-30) E | 95.14% | 0.94% | 1.13x |
| MARA | 5.0 | 0.41 | 13.09 | 164 (2025-12-19) E | 94.08% | 8.20% | 1.12x |
| MARA | 9.0 | 0.02 | 13.09 | 4 (2025-05-09) E | 97.76% | 0.22% | 1.12x |
| MARA | 9.5 | 0.02 | 13.09 | 4 (2025-05-09) E | 97.94% | 0.21% | 1.11x |
| MARA | 5.0 | 0.19 | 13.09 | 99 (2025-09-19) E | 96.05% | 3.80% | 1.10x |
| MARA | 3.0 | 0.15 | 13.09 | 164 (2025-12-19) E | 97.78% | 5.00% | 1.08x |
| MARA | 8.5 | 0.01 | 13.09 | 4 (2025-05-09) E | 98.92% | 0.12% | 1.06x |