Recommendation: HV
Current Price: $2.29
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 | 0.09 | 2.29 | 23 (2026-09-11) | 75.67% | 4.50% | 1.44x |
| PLUG | 2.0 | 0.29 | 2.29 | 93 (2026-12-18) | 70.07% | 14.50% | 1.30x |
| PLUG | 2.0 | 0.35 | 2.29 | 113 (2027-01-15) | 70.14% | 17.50% | 1.29x |
| PLUG | 2.0 | 0.01 | 2.29 | 3 (2026-08-14) | 89.48% | 0.50% | 1.25x |
| PLUG | 1.5 | 0.01 | 2.29 | 8 (2026-08-21) | 95.19% | 0.67% | 1.22x |
| PLUG | 1.5 | 0.02 | 2.29 | 23 (2026-09-11) | 93.41% | 1.33% | 1.15x |