Recommendation: HV
Current Price: $25.67
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 | 25.5 | 0.52 | 25.67 | 4 (2025-06-27) | 55.71% | 2.04% | 1.77x |
| MRNA | 25.5 | 0.84 | 25.67 | 8 (2025-07-03) | 54.81% | 3.29% | 1.76x |
| MRNA | 25.0 | 0.6 | 25.67 | 8 (2025-07-03) | 63.10% | 2.40% | 1.61x |
| MRNA | 25.0 | 0.33 | 25.67 | 4 (2025-06-27) | 68.10% | 1.32% | 1.57x |
| MRNA | 24.0 | 0.8 | 25.67 | 14 (2025-07-11) | 69.80% | 3.33% | 1.51x |
| MRNA | 25.0 | 0.95 | 25.67 | 14 (2025-07-11) | 60.90% | 3.80% | 1.51x |
| MRNA | 24.5 | 0.43 | 25.67 | 8 (2025-07-03) | 71.49% | 1.76% | 1.48x |
| MRNA | 25.0 | 1.25 | 25.67 | 19 (2025-07-18) | 59.93% | 5.00% | 1.48x |
| MRNA | 24.5 | 0.23 | 25.67 | 4 (2025-06-27) | 77.26% | 0.94% | 1.44x |
| MRNA | 25.0 | 2.33 | 25.67 | 39 (2025-08-15) E | 59.34% | 9.32% | 1.42x |
| MRNA | 24.0 | 0.34 | 25.67 | 8 (2025-07-03) | 77.34% | 1.42% | 1.41x |
| MRNA | 25.0 | 1.67 | 25.67 | 29 (2025-08-01) E | 59.35% | 6.68% | 1.40x |
| MRNA | 22.5 | 1.36 | 25.67 | 39 (2025-08-15) E | 73.15% | 6.04% | 1.32x |
| MRNA | 25.0 | 3.01 | 25.67 | 64 (2025-09-19) E | 59.92% | 12.04% | 1.32x |
| MRNA | 23.0 | 0.99 | 25.67 | 29 (2025-08-01) E | 73.41% | 4.30% | 1.31x |
| MRNA | 24.0 | 0.15 | 25.67 | 4 (2025-06-27) | 84.23% | 0.62% | 1.30x |
| MRNA | 25.0 | 3.5 | 25.67 | 84 (2025-10-17) E | 60.52% | 14.00% | 1.28x |
| MRNA | 22.5 | 1.96 | 25.67 | 64 (2025-09-19) E | 71.14% | 8.71% | 1.27x |
| MRNA | 23.5 | 0.2 | 25.67 | 8 (2025-07-03) | 84.21% | 0.85% | 1.25x |
| MRNA | 23.0 | 0.34 | 25.67 | 14 (2025-07-11) | 82.23% | 1.48% | 1.24x |
| MRNA | 22.5 | 2.25 | 25.67 | 84 (2025-10-17) E | 70.61% | 10.00% | 1.23x |
| MRNA | 22.5 | 0.41 | 25.67 | 19 (2025-07-18) | 82.29% | 1.82% | 1.22x |
| MRNA | 22.0 | 0.5 | 25.67 | 24 (2025-07-25) | 82.88% | 2.27% | 1.22x |
| MRNA | 20.0 | 0.68 | 25.67 | 39 (2025-08-15) E | 84.52% | 3.40% | 1.20x |
| MRNA | 25.0 | 4.45 | 25.67 | 149 (2026-01-16) E | 61.98% | 17.80% | 1.19x |
| MRNA | 22.5 | 0.14 | 25.67 | 8 (2025-07-03) | 89.83% | 0.62% | 1.19x |
| MRNA | 20.0 | 1.08 | 25.67 | 64 (2025-09-19) E | 81.47% | 5.40% | 1.18x |
| MRNA | 22.5 | 3.3 | 25.67 | 149 (2026-01-16) E | 69.91% | 14.67% | 1.18x |
| MRNA | 23.0 | 0.13 | 25.67 | 8 (2025-07-03) | 89.17% | 0.57% | 1.17x |
| MRNA | 20.0 | 1.34 | 25.67 | 84 (2025-10-17) E | 80.09% | 6.70% | 1.17x |
| MRNA | 21.0 | 0.36 | 25.67 | 24 (2025-07-25) | 86.93% | 1.71% | 1.17x |
| MRNA | 23.5 | 0.07 | 25.67 | 4 (2025-06-27) | 91.69% | 0.30% | 1.15x |
| MRNA | 17.5 | 0.6 | 25.67 | 64 (2025-09-19) E | 88.71% | 3.43% | 1.13x |
| MRNA | 17.5 | 1.45 | 25.67 | 149 (2026-01-16) E | 84.15% | 8.29% | 1.12x |
| MRNA | 19.0 | 0.19 | 25.67 | 24 (2025-07-25) | 93.04% | 1.00% | 1.10x |
| MRNA | 17.5 | 0.28 | 25.67 | 39 (2025-08-15) E | 92.72% | 1.60% | 1.10x |
| MRNA | 22.0 | 0.04 | 25.67 | 4 (2025-06-27) | 96.09% | 0.18% | 1.09x |
| MRNA | 15.0 | 0.75 | 25.67 | 149 (2026-01-16) E | 90.43% | 5.00% | 1.08x |
| MRNA | 20.0 | 0.12 | 25.67 | 19 (2025-07-18) | 94.08% | 0.60% | 1.08x |
| MRNA | 23.0 | 0.03 | 25.67 | 4 (2025-06-27) | 95.66% | 0.13% | 1.06x |
| MRNA | 20.0 | 0.07 | 25.67 | 14 (2025-07-11) | 95.64% | 0.35% | 1.06x |
| MRNA | 21.0 | 0.07 | 25.67 | 14 (2025-07-11) | 95.12% | 0.33% | 1.06x |
| MRNA | 12.5 | 0.43 | 25.67 | 149 (2026-01-16) E | 94.37% | 3.44% | 1.06x |
| MRNA | 21.0 | 0.02 | 25.67 | 4 (2025-06-27) | 98.20% | 0.10% | 1.05x |
| MRNA | 22.5 | 0.02 | 25.67 | 4 (2025-06-27) | 97.33% | 0.09% | 1.04x |
| MRNA | 15.0 | 0.1 | 25.67 | 39 (2025-08-15) E | 97.19% | 0.67% | 1.04x |
| MRNA | 12.5 | 0.16 | 25.67 | 84 (2025-10-17) E | 96.85% | 1.28% | 1.04x |
| MRNA | 21.0 | 0.02 | 25.67 | 8 (2025-07-03) | 97.63% | 0.10% | 1.03x |
| MRNA | 17.5 | 0.03 | 25.67 | 19 (2025-07-18) | 98.40% | 0.17% | 1.02x |