Recommendation: HV
Current Price: $8.24
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 | 8.0 | 0.37 | 8.24 | 5 (2026-02-13) | 60.80% | 4.62% | 4.05x |
| MARA | 7.5 | 0.21 | 8.24 | 5 (2026-02-13) | 75.06% | 2.80% | 2.85x |
| MARA | 8.0 | 0.55 | 8.24 | 10 (2026-02-20) | 59.78% | 6.88% | 2.76x |
| MARA | 8.0 | 0.75 | 8.24 | 15 (2026-02-27) | 59.71% | 9.38% | 2.50x |
| MARA | 7.5 | 0.36 | 8.24 | 10 (2026-02-20) | 70.85% | 4.80% | 2.32x |
| MARA | 7.5 | 0.53 | 8.24 | 15 (2026-02-27) | 68.53% | 7.07% | 2.21x |
| MARA | 8.0 | 0.78 | 8.24 | 20 (2026-03-06) | 59.77% | 9.75% | 2.04x |
| MARA | 7.0 | 0.24 | 8.24 | 10 (2026-02-20) | 79.82% | 3.43% | 1.97x |
| MARA | 7.0 | 0.11 | 8.24 | 5 (2026-02-13) | 85.86% | 1.57% | 1.96x |
| MARA | 7.0 | 0.36 | 8.24 | 15 (2026-02-27) | 76.68% | 5.14% | 1.92x |
| MARA | 8.0 | 1.06 | 8.24 | 30 (2026-03-20) | 60.50% | 13.25% | 1.91x |
| MARA | 8.0 | 0.88 | 8.24 | 25 (2026-03-13) | 59.96% | 11.00% | 1.90x |
| MARA | 7.0 | 0.65 | 8.24 | 30 (2026-03-20) | 73.15% | 9.29% | 1.74x |
| MARA | 6.5 | 0.06 | 8.24 | 5 (2026-02-13) | 91.76% | 0.92% | 1.53x |
| MARA | 8.0 | 1.59 | 8.24 | 70 (2026-05-15) | 62.82% | 19.88% | 1.53x |
| MARA | 6.0 | 0.35 | 8.24 | 30 (2026-03-20) | 83.71% | 5.83% | 1.49x |
| MARA | 7.0 | 1.1 | 8.24 | 70 (2026-05-15) | 71.74% | 15.71% | 1.47x |
| MARA | 6.0 | 0.1 | 8.24 | 10 (2026-02-20) | 91.26% | 1.67% | 1.46x |
| MARA | 8.0 | 1.71 | 8.24 | 94 (2026-06-18) | 63.43% | 21.37% | 1.41x |
| MARA | 6.0 | 0.73 | 8.24 | 70 (2026-05-15) | 79.94% | 12.17% | 1.40x |
| MARA | 7.0 | 1.26 | 8.24 | 94 (2026-06-18) | 71.79% | 18.00% | 1.39x |
| MARA | 5.0 | 0.2 | 8.24 | 30 (2026-03-20) | 91.00% | 4.00% | 1.35x |
| MARA | 5.0 | 0.58 | 8.24 | 94 (2026-06-18) | 85.84% | 11.60% | 1.29x |
| MARA | 6.0 | 1.33 | 8.24 | 160 (2026-09-18) | 78.89% | 22.17% | 1.29x |
| MARA | 4.0 | 0.02 | 8.24 | 5 (2026-02-13) | 98.46% | 0.50% | 1.28x |
| MARA | 5.0 | 0.92 | 8.24 | 160 (2026-09-18) | 84.49% | 18.40% | 1.26x |
| MARA | 5.0 | 0.02 | 8.24 | 5 (2026-02-13) | 98.12% | 0.40% | 1.22x |
| MARA | 3.0 | 0.36 | 8.24 | 160 (2026-09-18) | 93.58% | 12.00% | 1.18x |
| MARA | 3.0 | 0.49 | 8.24 | 225 (2026-12-18) | 92.93% | 16.33% | 1.17x |
| MARA | 3.0 | 0.11 | 8.24 | 70 (2026-05-15) | 96.36% | 3.67% | 1.13x |