Recommendation: HV
Current Price: $27.84
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 | 27.5 | 0.73 | 27.84 | 4 (2025-05-09) | 57.69% | 2.65% | 2.15x |
| MRNA | 27.5 | 1.11 | 27.84 | 9 (2025-05-16) | 56.60% | 4.04% | 1.88x |
| MRNA | 27.0 | 0.48 | 27.84 | 4 (2025-05-09) | 66.98% | 1.78% | 1.82x |
| MRNA | 27.0 | 0.8 | 27.84 | 9 (2025-05-16) | 63.12% | 2.96% | 1.68x |
| MRNA | 26.5 | 0.33 | 27.84 | 4 (2025-05-09) | 75.27% | 1.25% | 1.60x |
| MRNA | 26.0 | 0.57 | 27.84 | 9 (2025-05-16) | 73.68% | 2.19% | 1.57x |
| MRNA | 27.0 | 1.92 | 27.84 | 24 (2025-06-06) | 60.00% | 7.11% | 1.55x |
| MRNA | 26.0 | 1.2 | 27.84 | 19 (2025-05-30) | 67.79% | 4.62% | 1.50x |
| MRNA | 26.0 | 0.75 | 27.84 | 14 (2025-05-23) | 71.30% | 2.88% | 1.44x |
| MRNA | 25.5 | 0.42 | 27.84 | 9 (2025-05-16) | 78.95% | 1.65% | 1.44x |
| MRNA | 26.0 | 0.19 | 27.84 | 4 (2025-05-09) | 83.33% | 0.73% | 1.36x |
| MRNA | 26.0 | 1.1 | 27.84 | 24 (2025-06-06) | 68.19% | 4.23% | 1.35x |
| MRNA | 25.0 | 0.53 | 27.84 | 14 (2025-05-23) | 78.89% | 2.12% | 1.35x |
| MRNA | 25.0 | 0.32 | 27.84 | 9 (2025-05-16) | 83.18% | 1.28% | 1.35x |
| MRNA | 25.0 | 1.15 | 27.84 | 29 (2025-06-13) | 72.73% | 4.60% | 1.33x |
| MRNA | 18.0 | 0.3 | 27.84 | 14 (2025-05-23) | 92.85% | 1.67% | 1.32x |
| MRNA | 25.0 | 0.66 | 27.84 | 19 (2025-05-30) | 77.10% | 2.64% | 1.31x |
| MRNA | 25.0 | 1.26 | 27.84 | 34 (2025-06-20) | 72.08% | 5.04% | 1.30x |
| MRNA | 25.5 | 0.13 | 27.84 | 4 (2025-05-09) | 87.90% | 0.51% | 1.25x |
| MRNA | 25.0 | 1.76 | 27.84 | 54 (2025-07-18) | 70.04% | 7.04% | 1.25x |
| MRNA | 24.5 | 0.22 | 27.84 | 9 (2025-05-16) | 87.36% | 0.90% | 1.24x |
| MRNA | 24.0 | 0.47 | 27.84 | 19 (2025-05-30) | 82.99% | 1.96% | 1.24x |
| MRNA | 24.0 | 0.33 | 27.84 | 14 (2025-05-23) | 85.55% | 1.38% | 1.23x |
| MRNA | 25.0 | 3.13 | 27.84 | 99 (2025-09-19) E | 68.16% | 12.52% | 1.23x |
| MRNA | 25.0 | 3.54 | 27.84 | 119 (2025-10-17) E | 68.11% | 14.16% | 1.22x |
| MRNA | 22.5 | 2.17 | 27.84 | 99 (2025-09-19) E | 76.15% | 9.64% | 1.20x |
| MRNA | 24.0 | 0.16 | 27.84 | 9 (2025-05-16) | 90.37% | 0.67% | 1.18x |
| MRNA | 20.0 | 2.0 | 27.84 | 119 (2025-10-17) E | 81.37% | 10.00% | 1.18x |
| MRNA | 22.5 | 0.6 | 27.84 | 34 (2025-06-20) | 84.52% | 2.67% | 1.18x |
| MRNA | 22.5 | 1.0 | 27.84 | 54 (2025-07-18) | 80.62% | 4.44% | 1.18x |
| MRNA | 20.0 | 1.53 | 27.84 | 99 (2025-09-19) E | 82.77% | 7.65% | 1.17x |
| MRNA | 22.0 | 0.35 | 27.84 | 24 (2025-06-06) | 88.79% | 1.59% | 1.16x |
| MRNA | 20.0 | 0.57 | 27.84 | 54 (2025-07-18) | 88.60% | 2.85% | 1.12x |
| MRNA | 23.0 | 0.1 | 27.84 | 9 (2025-05-16) | 94.74% | 0.43% | 1.12x |
| MRNA | 25.0 | 0.06 | 27.84 | 4 (2025-05-09) | 93.32% | 0.24% | 1.12x |
| MRNA | 17.5 | 1.06 | 27.84 | 119 (2025-10-17) E | 88.00% | 6.06% | 1.12x |
| MRNA | 21.0 | 0.23 | 27.84 | 24 (2025-06-06) | 92.22% | 1.10% | 1.11x |
| MRNA | 24.5 | 0.05 | 27.84 | 4 (2025-05-09) | 94.57% | 0.20% | 1.10x |
| MRNA | 19.0 | 0.22 | 27.84 | 29 (2025-06-13) | 93.99% | 1.16% | 1.10x |
| MRNA | 20.0 | 0.27 | 27.84 | 34 (2025-06-20) | 92.45% | 1.35% | 1.10x |
| MRNA | 24.0 | 0.03 | 27.84 | 4 (2025-05-09) | 96.83% | 0.13% | 1.06x |
| MRNA | 12.5 | 0.3 | 27.84 | 119 (2025-10-17) E | 96.16% | 2.40% | 1.05x |
| MRNA | 23.5 | 0.02 | 27.84 | 4 (2025-05-09) | 97.82% | 0.09% | 1.04x |
| MRNA | 12.5 | 0.09 | 27.84 | 54 (2025-07-18) | 98.16% | 0.72% | 1.03x |