Recommendation: HV
Current Price: $10.03
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 | 9.0 | 0.5 | 10.03 | 39 (2026-05-15) | 71.10% | 5.56% | 1.28x |
| FVRR | 10.0 | 1.75 | 10.03 | 174 (2026-11-20) | 59.60% | 17.50% | 1.15x |