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 | 0.04 | 2.29 | 7 (2026-08-21) | 82.03% | 2.00% | 1.80x |
| PLUG | 2.0 | 0.06 | 2.29 | 12 (2026-08-28) | 78.34% | 3.00% | 1.63x |
| PLUG | 2.0 | 0.08 | 2.29 | 17 (2026-09-04) | 76.71% | 4.00% | 1.57x |
| PLUG | 2.0 | 0.12 | 2.29 | 27 (2026-09-18) | 73.60% | 6.00% | 1.50x |
| PLUG | 2.0 | 0.09 | 2.29 | 22 (2026-09-11) | 75.40% | 4.50% | 1.47x |
| PLUG | 2.0 | 0.32 | 2.29 | 92 (2026-12-18) | 70.03% | 16.00% | 1.34x |
| PLUG | 2.0 | 0.34 | 2.29 | 112 (2027-01-15) | 70.11% | 17.00% | 1.29x |
| PLUG | 2.0 | 0.01 | 2.29 | 2 (2026-08-14) | 93.45% | 0.50% | 1.26x |
| PLUG | 1.5 | 0.01 | 2.29 | 7 (2026-08-21) | 96.08% | 0.67% | 1.26x |
| PLUG | 1.5 | 0.02 | 2.29 | 17 (2026-09-04) | 93.91% | 1.33% | 1.20x |
| PLUG | 1.5 | 0.15 | 2.29 | 112 (2027-01-15) | 84.46% | 10.00% | 1.20x |
| PLUG | 1.5 | 0.21 | 2.29 | 157 (2027-03-19) | 83.12% | 14.00% | 1.19x |
| PLUG | 1.5 | 0.02 | 2.29 | 22 (2026-09-11) | 93.75% | 1.33% | 1.15x |
| PLUG | 1.0 | 0.05 | 2.29 | 112 (2027-01-15) | 94.24% | 5.00% | 1.11x |