Recommendation: HV
Current Price: $1.09
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 | 1.0 | 0.03 | 1.09 | 4 (2025-06-27) | 72.88% | 3.00% | 2.97x |
| PLUG | 1.0 | 0.05 | 1.09 | 8 (2025-07-03) | 69.81% | 5.00% | 2.95x |
| PLUG | 0.5 | 0.01 | 1.09 | 4 (2025-06-27) | 97.32% | 2.00% | 2.64x |
| PLUG | 1.0 | 0.07 | 1.09 | 14 (2025-07-11) | 67.44% | 7.00% | 2.29x |
| PLUG | 1.0 | 0.09 | 1.09 | 19 (2025-07-18) | 66.66% | 9.00% | 2.17x |
| PLUG | 1.0 | 0.19 | 1.09 | 39 (2025-08-15) E | 66.87% | 19.00% | 2.17x |
| PLUG | 1.0 | 0.13 | 1.09 | 29 (2025-08-01) | 66.17% | 13.00% | 2.05x |
| PLUG | 1.0 | 0.1 | 1.09 | 24 (2025-07-25) | 66.68% | 10.00% | 1.97x |
| PLUG | 0.5 | 0.01 | 1.09 | 8 (2025-07-03) | 95.37% | 2.00% | 1.81x |
| PLUG | 1.0 | 0.22 | 1.09 | 64 (2025-09-19) E | 67.78% | 22.00% | 1.73x |
| PLUG | 1.0 | 0.33 | 1.09 | 129 (2025-12-19) E | 71.26% | 33.00% | 1.51x |
| PLUG | 1.0 | 0.36 | 1.09 | 149 (2026-01-16) E | 72.57% | 36.00% | 1.48x |
| PLUG | 0.5 | 0.11 | 1.09 | 149 (2026-01-16) E | 89.55% | 22.00% | 1.36x |
| PLUG | 0.5 | 0.08 | 1.09 | 129 (2025-12-19) E | 90.15% | 16.00% | 1.30x |