Recommendation: HV
Current Price: $2.18
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 | 0.11 | 2.18 | 15 (2026-04-17) | 69.19% | 5.50% | 1.87x |
| PLUG | 2.0 | 0.15 | 2.18 | 25 (2026-05-01) | 67.46% | 7.50% | 1.64x |
| PLUG | 2.0 | 0.2 | 2.18 | 35 (2026-05-15) | 66.23% | 10.00% | 1.59x |
| PLUG | 2.0 | 0.02 | 2.18 | 4 (2026-04-02) | 82.34% | 1.00% | 1.51x |
| PLUG | 1.5 | 0.02 | 2.18 | 10 (2026-04-10) | 94.25% | 1.33% | 1.37x |
| PLUG | 2.0 | 0.52 | 2.18 | 210 (2027-01-15) | 69.13% | 26.00% | 1.22x |
| PLUG | 2.0 | 0.8 | 2.18 | 475 (2028-01-21) | 74.69% | 40.00% | 1.15x |
| PLUG | 1.5 | 0.01 | 2.18 | 15 (2026-04-17) | 94.56% | 0.67% | 1.11x |
| PLUG | 0.5 | 0.01 | 2.18 | 59 (2026-06-18) | 99.02% | 2.00% | 1.09x |
| PLUG | 0.5 | 0.08 | 2.18 | 475 (2028-01-21) | 96.24% | 16.00% | 1.08x |