Recommendation: HV
Current Price: $29.05
Total Wheels: 4
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 |
|---|---|---|---|---|---|---|---|
| FVRR | 29.0 | 1.12 | 29.05 | 19 (2025-07-18) | 52.88% | 3.86% | 1.31x |
| FVRR | 27.0 | 1.52 | 29.05 | 39 (2025-08-15) E | 67.39% | 5.63% | 1.27x |
| FVRR | 27.0 | 0.5 | 29.05 | 19 (2025-07-18) | 75.62% | 1.85% | 1.20x |
| FVRR | 25.0 | 0.92 | 29.05 | 39 (2025-08-15) E | 78.25% | 3.68% | 1.20x |
| FVRR | 23.0 | 0.45 | 29.05 | 39 (2025-08-15) E | 87.46% | 1.96% | 1.12x |
| FVRR | 22.0 | 0.42 | 29.05 | 39 (2025-08-15) E | 89.23% | 1.91% | 1.12x |
| FVRR | 24.0 | 1.1 | 29.05 | 84 (2025-10-17) E | 79.62% | 4.58% | 1.11x |
| FVRR | 25.0 | 0.21 | 29.05 | 19 (2025-07-18) | 89.07% | 0.84% | 1.10x |
| FVRR | 7.5 | 0.3 | 29.05 | 149 (2026-01-16) E | 97.86% | 4.00% | 1.07x |
| FVRR | 13.0 | 1.05 | 29.05 | 409 (2027-01-15) E | 92.59% | 8.08% | 1.05x |
| FVRR | 15.0 | 0.06 | 29.05 | 39 (2025-08-15) E | 98.46% | 0.40% | 1.03x |