Recommendation: HV
Current Price: $42.20
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 | 42.0 | 1.24 | 42.20 | 4 (2026-02-06) | 54.02% | 2.95% | 2.22x |
| MRNA | 42.0 | 2.98 | 42.20 | 14 (2026-02-20) | 54.77% | 7.10% | 1.99x |
| MRNA | 41.5 | 2.7 | 42.20 | 14 (2026-02-20) | 57.34% | 6.51% | 1.93x |
| MRNA | 40.0 | 3.95 | 42.20 | 34 (2026-03-20) | 62.97% | 9.88% | 1.56x |
| MRNA | 39.0 | 0.4 | 42.20 | 4 (2026-02-06) | 82.19% | 1.03% | 1.53x |
| MRNA | 38.5 | 1.22 | 42.20 | 14 (2026-02-20) | 73.79% | 3.17% | 1.52x |
| MRNA | 38.0 | 3.15 | 42.20 | 34 (2026-03-20) | 68.95% | 8.29% | 1.51x |
| MRNA | 40.0 | 4.9 | 42.20 | 54 (2026-04-17) | 63.06% | 12.25% | 1.42x |
| MRNA | 38.0 | 4.0 | 42.20 | 54 (2026-04-17) | 68.18% | 10.53% | 1.38x |
| MRNA | 41.0 | 4.55 | 42.20 | 54 (2026-04-17) | 60.00% | 11.10% | 1.35x |
| MRNA | 42.0 | 6.5 | 42.20 | 74 (2026-05-15) | 58.51% | 15.48% | 1.34x |
| MRNA | 40.0 | 5.55 | 42.20 | 74 (2026-05-15) | 63.31% | 13.87% | 1.33x |
| MRNA | 36.0 | 3.1 | 42.20 | 54 (2026-04-17) | 73.23% | 8.61% | 1.33x |
| MRNA | 39.0 | 5.05 | 42.20 | 74 (2026-05-15) | 65.63% | 12.95% | 1.32x |
| MRNA | 34.0 | 2.45 | 42.20 | 54 (2026-04-17) | 77.87% | 7.21% | 1.29x |
| MRNA | 35.0 | 3.45 | 42.20 | 74 (2026-05-15) | 74.49% | 9.86% | 1.27x |
| MRNA | 35.0 | 3.8 | 42.20 | 98 (2026-06-18) | 74.10% | 10.86% | 1.22x |