Recommendation: HV
Current Price: $50.39
Total Wheels: 14
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 |
|---|---|---|---|---|---|---|---|
| MRNA | 50.0 | 1.78 | 50.39 | 8 (2026-05-22) | 55.18% | 3.56% | 1.85x |
| MRNA | 50.0 | 2.07 | 50.39 | 13 (2026-05-29) | 55.11% | 4.14% | 1.55x |
| MRNA | 50.0 | 4.1 | 50.39 | 27 (2026-06-18) | 55.88% | 8.20% | 1.52x |
| MRNA | 50.0 | 3.3 | 50.39 | 23 (2026-06-12) | 55.40% | 6.60% | 1.48x |
| MRNA | 47.0 | 2.73 | 50.39 | 27 (2026-06-18) | 66.72% | 5.81% | 1.43x |
| MRNA | 48.0 | 1.28 | 50.39 | 13 (2026-05-29) | 68.37% | 2.67% | 1.42x |
| MRNA | 45.0 | 2.25 | 50.39 | 27 (2026-06-18) | 72.67% | 5.00% | 1.40x |
| MRNA | 49.0 | 5.2 | 50.39 | 48 (2026-07-17) | 59.76% | 10.61% | 1.38x |
| MRNA | 48.0 | 6.4 | 50.39 | 73 (2026-08-21) | 62.72% | 13.33% | 1.32x |
| MRNA | 44.0 | 1.72 | 50.39 | 27 (2026-06-18) | 76.55% | 3.91% | 1.32x |
| MRNA | 47.0 | 5.9 | 50.39 | 73 (2026-08-21) | 64.75% | 12.55% | 1.31x |
| MRNA | 42.0 | 2.36 | 50.39 | 48 (2026-07-17) | 77.42% | 5.62% | 1.25x |
| MRNA | 41.0 | 4.0 | 50.39 | 93 (2026-09-18) | 75.75% | 9.76% | 1.21x |