Recommendation: HV
Current Price: $63.65
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 | 60.0 | 3.4 | 63.65 | 27 (2026-09-18) | 65.34% | 5.67% | 1.40x |
| MRNA | 58.0 | 1.06 | 63.65 | 12 (2026-08-28) | 78.55% | 1.83% | 1.35x |
| MRNA | 55.0 | 6.55 | 63.65 | 92 (2026-12-18) | 71.13% | 11.91% | 1.25x |
| MRNA | 55.0 | 0.21 | 63.65 | 7 (2026-08-21) | 92.98% | 0.38% | 1.14x |
| MRNA | 60.0 | 0.09 | 63.65 | 2 (2026-08-14) | 92.38% | 0.15% | 1.07x |
| MRNA | 55.0 | 0.04 | 63.65 | 2 (2026-08-14) | 97.62% | 0.07% | 1.04x |
| MRNA | 54.0 | 0.02 | 63.65 | 2 (2026-08-14) | 98.70% | 0.04% | 1.02x |
| MRNA | 57.0 | 0.02 | 63.65 | 2 (2026-08-14) | 98.41% | 0.04% | 1.02x |
| MRNA | 59.0 | 0.01 | 63.65 | 2 (2026-08-14) | 98.63% | 0.02% | 1.01x |