Recommendation: HV
Current Price: $26.30
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 | 18.0 | 0.29 | 26.30 | 9 (2025-05-16) E | 92.62% | 1.61% | 1.51x |
| FVRR | 21.0 | 0.31 | 26.30 | 9 (2025-05-16) E | 88.91% | 1.48% | 1.44x |
| FVRR | 20.0 | 0.2 | 26.30 | 9 (2025-05-16) E | 93.25% | 1.00% | 1.30x |
| FVRR | 24.0 | 1.2 | 26.30 | 34 (2025-06-20) E | 70.47% | 5.00% | 1.29x |
| FVRR | 25.0 | 3.8 | 26.30 | 119 (2025-10-17) E | 63.36% | 15.20% | 1.21x |
| FVRR | 20.0 | 2.36 | 26.30 | 184 (2026-01-16) E | 78.39% | 11.80% | 1.13x |
| FVRR | 18.0 | 0.78 | 26.30 | 119 (2025-10-17) E | 87.56% | 4.33% | 1.08x |
| FVRR | 12.5 | 0.7 | 26.30 | 184 (2026-01-16) E | 93.23% | 5.60% | 1.07x |
| FVRR | 7.5 | 0.3 | 26.30 | 184 (2026-01-16) E | 97.32% | 4.00% | 1.05x |