Recommendation: HV
Current Price: $51.34
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 | 51.0 | 1.27 | 51.34 | 4 (2026-03-27) | 55.21% | 2.49% | 1.99x |
| MRNA | 51.0 | 2.05 | 51.34 | 8 (2026-04-02) | 54.68% | 4.02% | 1.98x |
| MRNA | 50.0 | 0.9 | 51.34 | 4 (2026-03-27) | 65.45% | 1.80% | 1.80x |
| MRNA | 49.0 | 1.22 | 51.34 | 8 (2026-04-02) | 68.49% | 2.49% | 1.70x |
| MRNA | 50.0 | 2.93 | 51.34 | 19 (2026-04-17) | 59.51% | 5.86% | 1.58x |
| MRNA | 47.5 | 0.81 | 51.34 | 8 (2026-04-02) | 77.27% | 1.71% | 1.51x |
| MRNA | 48.0 | 2.11 | 51.34 | 19 (2026-04-17) | 68.03% | 4.40% | 1.48x |
| MRNA | 50.0 | 3.15 | 51.34 | 24 (2026-04-24) | 59.41% | 6.30% | 1.47x |
| MRNA | 49.0 | 2.16 | 51.34 | 19 (2026-04-17) | 64.59% | 4.41% | 1.45x |
| MRNA | 50.0 | 4.95 | 51.34 | 39 (2026-05-15) | 59.41% | 9.90% | 1.45x |
| MRNA | 47.0 | 1.76 | 51.34 | 19 (2026-04-17) | 72.03% | 3.74% | 1.42x |
| MRNA | 48.0 | 4.0 | 51.34 | 39 (2026-05-15) | 64.94% | 8.33% | 1.41x |
| MRNA | 47.0 | 3.55 | 51.34 | 39 (2026-05-15) | 67.69% | 7.55% | 1.38x |
| MRNA | 46.0 | 1.45 | 51.34 | 19 (2026-04-17) | 75.86% | 3.15% | 1.37x |
| MRNA | 46.0 | 3.15 | 51.34 | 39 (2026-05-15) | 70.38% | 6.85% | 1.36x |
| MRNA | 46.0 | 0.98 | 51.34 | 14 (2026-04-10) | 79.08% | 2.13% | 1.35x |
| MRNA | 45.0 | 1.19 | 51.34 | 19 (2026-04-17) | 79.32% | 2.64% | 1.32x |
| MRNA | 48.0 | 5.3 | 51.34 | 63 (2026-06-18) | 64.51% | 11.04% | 1.32x |
| MRNA | 47.0 | 4.85 | 51.34 | 63 (2026-06-18) | 66.72% | 10.32% | 1.31x |
| MRNA | 48.0 | 5.85 | 51.34 | 84 (2026-07-17) | 64.54% | 12.19% | 1.26x |
| MRNA | 46.0 | 0.11 | 51.34 | 4 (2026-03-27) | 93.70% | 0.24% | 1.12x |