Recommendation: HV
Current Price: $2.13
Total Wheels: 26
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 |
|---|---|---|---|---|---|---|---|
| PLUG | 2.0 | 0.08 | 2.13 | 8 (2026-02-13) | 68.13% | 4.00% | 2.33x |
| PLUG | 2.0 | 0.12 | 2.13 | 13 (2026-02-20) | 65.43% | 6.00% | 2.11x |
| PLUG | 2.0 | 0.04 | 2.13 | 3 (2026-02-06) | 73.01% | 2.00% | 2.08x |
| PLUG | 2.0 | 0.23 | 2.13 | 28 (2026-03-13) | 63.95% | 11.50% | 1.89x |
| PLUG | 2.0 | 0.25 | 2.13 | 33 (2026-03-20) | 63.98% | 12.50% | 1.80x |
| PLUG | 2.0 | 0.45 | 2.13 | 97 (2026-06-18) | 66.30% | 22.50% | 1.44x |
| PLUG | 1.5 | 0.06 | 2.13 | 28 (2026-03-13) | 87.27% | 4.00% | 1.36x |
| PLUG | 1.5 | 0.07 | 2.13 | 33 (2026-03-20) | 85.99% | 4.67% | 1.35x |
| PLUG | 1.0 | 0.04 | 2.13 | 33 (2026-03-20) | 93.88% | 4.00% | 1.33x |
| PLUG | 2.0 | 0.7 | 2.13 | 248 (2027-01-15) | 72.00% | 35.00% | 1.26x |
| PLUG | 1.5 | 0.39 | 2.13 | 248 (2027-01-15) | 80.32% | 26.00% | 1.21x |
| PLUG | 1.0 | 0.07 | 2.13 | 97 (2026-06-18) | 92.35% | 7.00% | 1.18x |
| PLUG | 1.0 | 0.15 | 2.13 | 248 (2027-01-15) | 90.04% | 15.00% | 1.14x |
| PLUG | 1.5 | 0.01 | 2.13 | 13 (2026-02-20) | 94.59% | 0.67% | 1.13x |
| PLUG | 0.5 | 0.02 | 2.13 | 97 (2026-06-18) | 98.13% | 4.00% | 1.11x |