Recommendation: HV
Current Price: $1.86
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 | 1.5 | 0.01 | 1.86 | 5 (2026-10-02) | 93.88% | 0.67% | 1.37x |
| PLUG | 1.5 | 0.09 | 1.86 | 60 (2026-12-18) | 78.71% | 6.00% | 1.21x |
| PLUG | 1.5 | 0.12 | 1.86 | 80 (2027-01-15) | 77.07% | 8.00% | 1.21x |
| PLUG | 1.5 | 0.04 | 1.86 | 30 (2026-11-06) | 84.13% | 2.67% | 1.20x |
| PLUG | 1.5 | 0.05 | 1.86 | 40 (2026-11-20) | 83.28% | 3.33% | 1.19x |
| PLUG | 1.5 | 0.16 | 1.86 | 125 (2027-03-19) | 75.82% | 10.67% | 1.17x |
| PLUG | 1.5 | 0.02 | 1.86 | 20 (2026-10-23) | 89.81% | 1.33% | 1.16x |
| PLUG | 1.5 | 0.02 | 1.86 | 25 (2026-10-30) | 89.70% | 1.33% | 1.13x |
| PLUG | 1.0 | 0.02 | 1.86 | 80 (2027-01-15) | 94.93% | 2.00% | 1.06x |