Recommendation: HV
Current Price: $14.18
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 | 14.0 | 0.31 | 14.18 | 4 (2025-06-27) | 58.71% | 2.21% | 1.92x |
MARA | 14.0 | 0.47 | 14.18 | 8 (2025-07-03) | 57.19% | 3.36% | 1.82x |
MARA | 14.0 | 0.69 | 14.18 | 14 (2025-07-11) | 56.52% | 4.93% | 1.64x |
MARA | 13.5 | 0.28 | 14.18 | 8 (2025-07-03) | 70.48% | 2.07% | 1.58x |
MARA | 14.0 | 0.86 | 14.18 | 19 (2025-07-18) | 56.48% | 6.14% | 1.57x |
MARA | 13.5 | 0.15 | 14.18 | 4 (2025-06-27) | 75.99% | 1.11% | 1.53x |
MARA | 13.5 | 0.48 | 14.18 | 14 (2025-07-11) | 66.44% | 3.56% | 1.52x |
MARA | 14.0 | 0.97 | 14.18 | 24 (2025-07-25) | 56.58% | 6.93% | 1.50x |
MARA | 13.5 | 0.95 | 14.18 | 29 (2025-08-01) E | 63.01% | 7.04% | 1.46x |
MARA | 14.0 | 1.09 | 14.18 | 29 (2025-08-01) E | 56.74% | 7.79% | 1.46x |
MARA | 13.5 | 0.75 | 14.18 | 24 (2025-07-25) | 63.86% | 5.56% | 1.44x |
MARA | 14.0 | 1.37 | 14.18 | 39 (2025-08-15) E | 57.29% | 9.79% | 1.42x |
MARA | 13.0 | 0.48 | 14.18 | 19 (2025-07-18) | 71.89% | 3.69% | 1.42x |
MARA | 13.0 | 0.17 | 14.18 | 8 (2025-07-03) | 80.72% | 1.31% | 1.39x |
MARA | 13.0 | 0.71 | 14.18 | 29 (2025-08-01) E | 69.25% | 5.46% | 1.38x |
MARA | 13.0 | 0.31 | 14.18 | 14 (2025-07-11) | 75.41% | 2.38% | 1.38x |
MARA | 13.0 | 0.55 | 14.18 | 24 (2025-07-25) | 70.90% | 4.23% | 1.36x |
MARA | 12.5 | 0.6 | 14.18 | 29 (2025-08-01) E | 74.05% | 4.80% | 1.35x |
MARA | 13.0 | 0.91 | 14.18 | 39 (2025-08-15) E | 67.88% | 7.00% | 1.35x |
MARA | 14.0 | 1.82 | 14.18 | 64 (2025-09-19) E | 58.47% | 13.00% | 1.33x |
MARA | 12.5 | 0.42 | 14.18 | 24 (2025-07-25) | 76.92% | 3.36% | 1.31x |
MARA | 13.0 | 1.29 | 14.18 | 64 (2025-09-19) E | 66.67% | 9.92% | 1.29x |
MARA | 13.0 | 0.07 | 14.18 | 4 (2025-06-27) | 87.67% | 0.54% | 1.27x |
MARA | 12.0 | 0.57 | 14.18 | 39 (2025-08-15) E | 77.57% | 4.75% | 1.26x |
MARA | 12.5 | 0.2 | 14.18 | 14 (2025-07-11) | 81.68% | 1.60% | 1.26x |
MARA | 12.0 | 0.4 | 14.18 | 29 (2025-08-01) E | 80.83% | 3.33% | 1.26x |
MARA | 12.0 | 0.96 | 14.18 | 64 (2025-09-19) E | 74.23% | 8.00% | 1.25x |
MARA | 12.0 | 0.24 | 14.18 | 19 (2025-07-18) | 84.08% | 2.00% | 1.25x |
MARA | 12.0 | 0.3 | 14.18 | 24 (2025-07-25) | 82.55% | 2.50% | 1.24x |
MARA | 14.0 | 2.63 | 14.18 | 129 (2025-12-19) E | 61.02% | 18.79% | 1.24x |
MARA | 14.0 | 2.98 | 14.18 | 149 (2026-01-16) E | 62.15% | 21.29% | 1.23x |
MARA | 13.0 | 2.12 | 14.18 | 129 (2025-12-19) E | 66.68% | 16.31% | 1.22x |
MARA | 12.5 | 0.09 | 14.18 | 8 (2025-07-03) | 88.58% | 0.72% | 1.22x |
MARA | 13.0 | 2.41 | 14.18 | 149 (2026-01-16) E | 67.09% | 18.54% | 1.22x |
MARA | 11.0 | 0.39 | 14.18 | 39 (2025-08-15) E | 84.50% | 3.55% | 1.21x |
MARA | 12.0 | 1.67 | 14.18 | 129 (2025-12-19) E | 72.21% | 13.92% | 1.21x |
MARA | 11.5 | 0.24 | 14.18 | 24 (2025-07-25) | 86.07% | 2.09% | 1.21x |
MARA | 11.5 | 0.29 | 14.18 | 29 (2025-08-01) E | 84.73% | 2.52% | 1.20x |
MARA | 12.0 | 1.86 | 14.18 | 149 (2026-01-16) E | 72.10% | 15.50% | 1.20x |
MARA | 11.0 | 0.62 | 14.18 | 64 (2025-09-19) E | 81.34% | 5.64% | 1.19x |
MARA | 12.0 | 0.13 | 14.18 | 14 (2025-07-11) | 88.42% | 1.08% | 1.19x |
MARA | 12.0 | 0.07 | 14.18 | 8 (2025-07-03) | 91.58% | 0.58% | 1.18x |
MARA | 11.0 | 1.25 | 14.18 | 129 (2025-12-19) E | 77.56% | 11.36% | 1.18x |
MARA | 11.0 | 0.23 | 14.18 | 29 (2025-08-01) E | 87.95% | 2.09% | 1.17x |
MARA | 12.5 | 0.04 | 14.18 | 4 (2025-06-27) | 92.62% | 0.32% | 1.16x |
MARA | 10.0 | 0.94 | 14.18 | 129 (2025-12-19) E | 82.37% | 9.40% | 1.16x |
MARA | 10.0 | 1.1 | 14.18 | 149 (2026-01-16) E | 81.66% | 11.00% | 1.16x |
MARA | 10.0 | 0.42 | 14.18 | 64 (2025-09-19) E | 86.89% | 4.20% | 1.15x |
MARA | 11.5 | 0.1 | 14.18 | 14 (2025-07-11) | 89.16% | 0.87% | 1.15x |
MARA | 11.5 | 0.05 | 14.18 | 8 (2025-07-03) | 94.30% | 0.43% | 1.14x |
MARA | 11.0 | 0.15 | 14.18 | 24 (2025-07-25) | 90.36% | 1.36% | 1.14x |
MARA | 10.0 | 0.22 | 14.18 | 39 (2025-08-15) E | 90.44% | 2.20% | 1.14x |
MARA | 9.0 | 0.82 | 14.18 | 149 (2026-01-16) E | 85.77% | 9.11% | 1.14x |
MARA | 9.0 | 0.69 | 14.18 | 129 (2025-12-19) E | 86.57% | 7.67% | 1.13x |
MARA | 11.0 | 0.1 | 14.18 | 19 (2025-07-18) | 93.53% | 0.91% | 1.12x |
MARA | 10.5 | 0.06 | 14.18 | 14 (2025-07-11) | 95.24% | 0.57% | 1.10x |
MARA | 7.0 | 0.43 | 14.18 | 149 (2026-01-16) E | 92.20% | 6.14% | 1.10x |
MARA | 10.0 | 0.09 | 14.18 | 24 (2025-07-25) | 94.25% | 0.90% | 1.09x |
MARA | 9.0 | 0.06 | 14.18 | 19 (2025-07-18) | 96.29% | 0.67% | 1.09x |
MARA | 7.0 | 0.33 | 14.18 | 129 (2025-12-19) E | 93.13% | 4.71% | 1.09x |
MARA | 11.0 | 0.03 | 14.18 | 8 (2025-07-03) | 96.64% | 0.27% | 1.09x |
MARA | 12.0 | 0.02 | 14.18 | 4 (2025-06-27) | 96.00% | 0.17% | 1.08x |
MARA | 10.0 | 0.06 | 14.18 | 19 (2025-07-18) | 95.65% | 0.60% | 1.08x |
MARA | 6.0 | 0.28 | 14.18 | 149 (2026-01-16) E | 94.73% | 4.67% | 1.08x |
MARA | 6.0 | 0.24 | 14.18 | 129 (2025-12-19) E | 95.18% | 4.00% | 1.08x |
MARA | 5.0 | 0.17 | 14.18 | 129 (2025-12-19) E | 96.71% | 3.40% | 1.07x |
MARA | 10.0 | 0.02 | 14.18 | 8 (2025-07-03) | 98.22% | 0.20% | 1.06x |
MARA | 5.0 | 0.19 | 14.18 | 149 (2026-01-16) E | 96.47% | 3.80% | 1.06x |
MARA | 7.0 | 0.11 | 14.18 | 64 (2025-09-19) E | 96.39% | 1.57% | 1.06x |
MARA | 10.5 | 0.02 | 14.18 | 8 (2025-07-03) | 97.37% | 0.19% | 1.06x |
MARA | 10.0 | 0.01 | 14.18 | 4 (2025-06-27) | 98.67% | 0.10% | 1.05x |
MARA | 11.0 | 0.01 | 14.18 | 4 (2025-06-27) | 98.86% | 0.09% | 1.05x |
MARA | 11.5 | 0.01 | 14.18 | 4 (2025-06-27) | 98.55% | 0.09% | 1.04x |
MARA | 9.5 | 0.01 | 14.18 | 8 (2025-07-03) | 98.80% | 0.11% | 1.03x |
MARA | 8.0 | 0.02 | 14.18 | 19 (2025-07-18) | 98.43% | 0.25% | 1.03x |