Recommendation: HV
Current Price: $8.55
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 | 8.0 | 0.65 | 8.55 | 80 (2027-01-15) | 65.08% | 8.13% | 1.18x |
| FVRR | 5.0 | 0.05 | 8.55 | 15 (2026-10-16) | 96.25% | 1.00% | 1.17x |
| FVRR | 6.0 | 0.15 | 8.55 | 80 (2027-01-15) | 89.86% | 2.50% | 1.07x |
| FVRR | 3.0 | 0.02 | 8.55 | 40 (2026-11-20) | 98.89% | 0.67% | 1.04x |