Recommendation: HV
Current Price: $8.74
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 | 0.7 | 8.74 | 73 (2026-11-20) | 67.18% | 8.75% | 1.22x |
| FVRR | 7.0 | 0.3 | 8.74 | 73 (2026-11-20) | 82.67% | 4.29% | 1.13x |
| FVRR | 5.0 | 0.3 | 8.74 | 113 (2027-01-15) | 89.91% | 6.00% | 1.12x |
| FVRR | 5.0 | 0.05 | 8.74 | 48 (2026-10-16) | 96.54% | 1.00% | 1.05x |
| FVRR | 3.0 | 0.02 | 8.74 | 73 (2026-11-20) | 98.95% | 0.67% | 1.02x |