Recommendation: HV
Current Price: $2.08
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 | 0.06 | 2.08 | 6 (2026-02-13) | 65.09% | 3.00% | 2.25x |
| PLUG | 2.0 | 0.1 | 2.08 | 11 (2026-02-20) | 61.43% | 5.00% | 2.00x |
| PLUG | 2.0 | 0.17 | 2.08 | 21 (2026-03-06) | 61.14% | 8.50% | 1.84x |
| PLUG | 1.5 | 0.01 | 2.08 | 6 (2026-02-13) | 95.84% | 0.67% | 1.31x |
| PLUG | 2.0 | 0.7 | 2.08 | 246 (2027-01-15) | 69.15% | 35.00% | 1.25x |
| PLUG | 1.0 | 0.02 | 2.08 | 31 (2026-03-20) | 95.68% | 2.00% | 1.17x |
| PLUG | 2.0 | 0.93 | 2.08 | 511 (2028-01-21) | 75.60% | 46.50% | 1.16x |
| PLUG | 1.0 | 0.16 | 2.08 | 246 (2027-01-15) | 89.42% | 16.00% | 1.15x |
| PLUG | 1.0 | 0.33 | 2.08 | 511 (2028-01-21) | 89.09% | 33.00% | 1.14x |
| PLUG | 0.5 | 0.11 | 2.08 | 511 (2028-01-21) | 95.66% | 22.00% | 1.10x |