Recommendation: HV
Current Price: $41.01
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 | 41.0 | 2.05 | 41.01 | 5 (2026-02-13) | 52.63% | 5.00% | 3.70x |
| MRNA | 38.0 | 1.01 | 41.01 | 5 (2026-02-13) | 73.15% | 2.66% | 2.64x |
| MRNA | 39.0 | 1.62 | 41.01 | 10 (2026-02-20) | 65.57% | 4.15% | 1.97x |
| MRNA | 41.0 | 4.55 | 41.01 | 30 (2026-03-20) | 55.73% | 11.10% | 1.66x |
| MRNA | 40.0 | 4.0 | 41.01 | 30 (2026-03-20) | 59.17% | 10.00% | 1.62x |
| MRNA | 38.0 | 3.15 | 41.01 | 30 (2026-03-20) | 65.98% | 8.29% | 1.56x |
| MRNA | 40.0 | 3.05 | 41.01 | 25 (2026-03-13) | 58.96% | 7.62% | 1.56x |
| MRNA | 41.0 | 5.5 | 41.01 | 50 (2026-04-17) | 56.93% | 13.41% | 1.45x |
| MRNA | 35.0 | 2.03 | 41.01 | 30 (2026-03-20) | 75.51% | 5.80% | 1.43x |
| MRNA | 39.0 | 4.45 | 41.01 | 50 (2026-04-17) | 62.62% | 11.41% | 1.42x |
| MRNA | 37.0 | 3.55 | 41.01 | 50 (2026-04-17) | 68.25% | 9.59% | 1.38x |
| MRNA | 38.0 | 4.55 | 41.01 | 70 (2026-05-15) | 65.38% | 11.97% | 1.31x |
| MRNA | 41.0 | 6.8 | 41.01 | 94 (2026-06-18) | 58.60% | 16.59% | 1.28x |
| MRNA | 40.0 | 6.25 | 41.01 | 94 (2026-06-18) | 60.90% | 15.62% | 1.28x |
| MRNA | 38.0 | 5.2 | 41.01 | 94 (2026-06-18) | 65.47% | 13.68% | 1.26x |
| MRNA | 36.0 | 4.15 | 41.01 | 94 (2026-06-18) | 70.07% | 11.53% | 1.23x |
| MRNA | 32.0 | 0.13 | 41.01 | 5 (2026-02-13) | 95.30% | 0.41% | 1.22x |
| MRNA | 35.0 | 4.45 | 41.01 | 115 (2026-07-17) | 71.83% | 12.71% | 1.21x |
| MRNA | 32.0 | 0.28 | 41.01 | 15 (2026-02-27) | 92.34% | 0.88% | 1.14x |