Recommendation: HV
Current Price: $12.55
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 | 12.5 | 0.49 | 12.55 | 5 (2026-10-02) | 53.65% | 3.92% | 2.85x |
| MARA | 12.0 | 0.27 | 12.55 | 5 (2026-10-02) | 68.74% | 2.25% | 2.17x |
| MARA | 12.5 | 0.69 | 12.55 | 10 (2026-10-09) | 54.05% | 5.52% | 2.10x |
| MARA | 12.5 | 0.87 | 12.55 | 15 (2026-10-16) | 54.56% | 6.96% | 1.87x |
| MARA | 12.0 | 0.46 | 12.55 | 10 (2026-10-09) | 65.00% | 3.83% | 1.86x |
| MARA | 12.0 | 0.63 | 12.55 | 15 (2026-10-16) | 63.35% | 5.25% | 1.73x |
| MARA | 12.5 | 1.01 | 12.55 | 20 (2026-10-23) | 55.01% | 8.08% | 1.73x |
| MARA | 12.5 | 1.15 | 12.55 | 25 (2026-10-30) | 55.49% | 9.20% | 1.65x |
| MARA | 12.0 | 0.77 | 12.55 | 20 (2026-10-23) | 62.58% | 6.42% | 1.64x |
| MARA | 11.5 | 0.29 | 12.55 | 10 (2026-10-09) | 75.02% | 2.52% | 1.60x |
| MARA | 11.5 | 0.13 | 12.55 | 5 (2026-10-02) | 82.13% | 1.13% | 1.59x |
| MARA | 12.0 | 0.9 | 12.55 | 25 (2026-10-30) | 62.10% | 7.50% | 1.58x |
| MARA | 11.5 | 0.44 | 12.55 | 15 (2026-10-16) | 71.67% | 3.83% | 1.58x |
| MARA | 11.5 | 0.56 | 12.55 | 20 (2026-10-23) | 69.96% | 4.87% | 1.53x |
| MARA | 12.0 | 1.29 | 12.55 | 40 (2026-11-20) | 61.92% | 10.75% | 1.50x |
| MARA | 11.5 | 0.68 | 12.55 | 25 (2026-10-30) | 68.82% | 5.91% | 1.49x |
| MARA | 11.0 | 0.29 | 12.55 | 15 (2026-10-16) | 79.31% | 2.64% | 1.42x |
| MARA | 11.0 | 0.39 | 12.55 | 20 (2026-10-23) | 77.05% | 3.55% | 1.40x |
| MARA | 11.0 | 0.84 | 12.55 | 40 (2026-11-20) | 71.75% | 7.64% | 1.40x |
| MARA | 12.0 | 1.6 | 12.55 | 60 (2026-12-18) | 62.26% | 13.33% | 1.40x |
| MARA | 11.0 | 0.46 | 12.55 | 25 (2026-10-30) | 75.69% | 4.18% | 1.37x |
| MARA | 11.0 | 0.16 | 12.55 | 10 (2026-10-09) | 84.13% | 1.45% | 1.36x |
| MARA | 11.0 | 1.11 | 12.55 | 60 (2026-12-18) | 70.52% | 10.09% | 1.33x |
| MARA | 12.0 | 1.68 | 12.55 | 80 (2027-01-15) | 62.48% | 14.00% | 1.30x |
| MARA | 11.0 | 1.35 | 12.55 | 80 (2027-01-15) | 70.01% | 12.27% | 1.30x |
| MARA | 10.5 | 0.26 | 12.55 | 20 (2026-10-23) | 83.04% | 2.48% | 1.29x |
| MARA | 10.0 | 0.5 | 12.55 | 40 (2026-11-20) | 81.34% | 5.00% | 1.29x |
| MARA | 10.0 | 0.74 | 12.55 | 60 (2026-12-18) | 78.34% | 7.40% | 1.27x |
| MARA | 10.0 | 0.94 | 12.55 | 80 (2027-01-15) | 77.00% | 9.40% | 1.25x |
| MARA | 10.0 | 0.24 | 12.55 | 25 (2026-10-30) | 85.93% | 2.40% | 1.23x |
| MARA | 12.0 | 2.85 | 12.55 | 189 (2027-06-17) | 65.69% | 23.75% | 1.21x |
| MARA | 10.0 | 0.17 | 12.55 | 20 (2026-10-23) | 88.25% | 1.70% | 1.21x |
| MARA | 9.0 | 0.62 | 12.55 | 80 (2027-01-15) | 83.42% | 6.89% | 1.19x |
| MARA | 9.0 | 0.45 | 12.55 | 60 (2026-12-18) | 85.28% | 5.00% | 1.19x |
| MARA | 9.0 | 0.28 | 12.55 | 40 (2026-11-20) | 88.03% | 3.11% | 1.19x |
| MARA | 10.0 | 0.11 | 12.55 | 15 (2026-10-16) | 90.59% | 1.10% | 1.18x |
| MARA | 8.0 | 0.69 | 12.55 | 125 (2027-03-19) | 85.87% | 8.62% | 1.15x |
| MARA | 10.5 | 0.03 | 12.55 | 5 (2026-10-02) | 95.37% | 0.29% | 1.15x |
| MARA | 9.0 | 0.11 | 12.55 | 25 (2026-10-30) | 92.72% | 1.22% | 1.12x |
| MARA | 9.0 | 0.02 | 12.55 | 5 (2026-10-02) | 97.73% | 0.22% | 1.12x |
| MARA | 8.5 | 0.01 | 12.55 | 5 (2026-10-02) | 98.69% | 0.12% | 1.06x |
| MARA | 9.5 | 0.01 | 12.55 | 5 (2026-10-02) | 98.75% | 0.11% | 1.05x |
| MARA | 8.5 | 0.01 | 12.55 | 10 (2026-10-09) | 98.76% | 0.12% | 1.03x |