Recommendation: HV
Current Price: $0.79
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 | 0.5 | 0.01 | 0.79 | 4 (2025-05-09) E | 91.34% | 2.00% | 2.49x |
| PLUG | 0.5 | 0.02 | 0.79 | 14 (2025-05-23) E | 90.02% | 4.00% | 1.89x |
| PLUG | 0.5 | 0.04 | 0.79 | 29 (2025-06-13) E | 86.14% | 8.00% | 1.78x |
| PLUG | 0.5 | 0.03 | 0.79 | 24 (2025-06-06) E | 88.36% | 6.00% | 1.72x |
| PLUG | 0.5 | 0.01 | 0.79 | 9 (2025-05-16) E | 91.34% | 2.00% | 1.66x |
| PLUG | 0.5 | 0.04 | 0.79 | 34 (2025-06-20) E | 86.15% | 8.00% | 1.64x |
| PLUG | 0.5 | 0.16 | 0.79 | 164 (2025-12-19) E | 83.79% | 32.00% | 1.44x |
| PLUG | 0.5 | 0.14 | 0.79 | 184 (2026-01-16) E | 83.36% | 28.00% | 1.33x |