Recommendation: HV
Current Price: $53.78
Total Wheels: 20
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 |
|---|---|---|---|---|---|---|---|
| LMND | 53.0 | 1.7 | 53.78 | 6 (2026-05-22) | 58.04% | 3.21% | 2.17x |
| LMND | 52.0 | 1.33 | 53.78 | 6 (2026-05-22) | 65.12% | 2.56% | 2.00x |
| LMND | 51.0 | 1.0 | 53.78 | 6 (2026-05-22) | 71.96% | 1.96% | 1.80x |
| LMND | 50.0 | 0.85 | 53.78 | 6 (2026-05-22) | 76.58% | 1.70% | 1.72x |
| LMND | 51.0 | 1.66 | 53.78 | 11 (2026-05-29) | 67.74% | 3.25% | 1.65x |
| LMND | 50.0 | 1.33 | 53.78 | 11 (2026-05-29) | 72.67% | 2.66% | 1.55x |
| LMND | 53.0 | 3.4 | 53.78 | 21 (2026-06-12) | 56.92% | 6.42% | 1.54x |
| LMND | 52.0 | 3.1 | 53.78 | 21 (2026-06-12) | 60.89% | 5.96% | 1.53x |
| LMND | 51.0 | 2.7 | 53.78 | 21 (2026-06-12) | 64.80% | 5.29% | 1.50x |
| LMND | 48.5 | 0.52 | 53.78 | 6 (2026-05-22) | 84.00% | 1.07% | 1.46x |
| LMND | 50.0 | 2.27 | 53.78 | 21 (2026-06-12) | 68.61% | 4.54% | 1.44x |
| LMND | 52.0 | 3.9 | 53.78 | 31 (2026-06-26) | 60.46% | 7.50% | 1.43x |
| LMND | 49.0 | 1.5 | 53.78 | 16 (2026-06-05) | 74.33% | 3.06% | 1.43x |
| LMND | 53.0 | 0.55 | 53.78 | 1 (2026-05-15) | 64.59% | 1.04% | 1.40x |
| LMND | 48.0 | 0.35 | 53.78 | 6 (2026-05-22) | 87.71% | 0.73% | 1.31x |
| LMND | 47.0 | 0.62 | 53.78 | 11 (2026-05-29) | 84.98% | 1.32% | 1.29x |
| LMND | 50.0 | 6.81 | 53.78 | 91 (2026-09-18) | 65.15% | 13.62% | 1.27x |
| LMND | 52.0 | 0.3 | 53.78 | 1 (2026-05-15) | 77.98% | 0.58% | 1.25x |
| LMND | 45.0 | 4.5 | 53.78 | 91 (2026-09-18) | 73.91% | 10.00% | 1.22x |
| LMND | 46.0 | 1.38 | 53.78 | 31 (2026-06-26) | 80.27% | 3.00% | 1.21x |
| LMND | 50.0 | 10.4 | 53.78 | 176 (2027-01-15) | 66.66% | 20.80% | 1.20x |
| LMND | 47.0 | 8.8 | 53.78 | 176 (2027-01-15) | 70.31% | 18.72% | 1.19x |
| LMND | 46.0 | 0.4 | 53.78 | 11 (2026-05-29) | 88.92% | 0.87% | 1.19x |
| LMND | 45.0 | 7.8 | 53.78 | 176 (2027-01-15) | 72.74% | 17.33% | 1.19x |
| LMND | 44.0 | 0.8 | 53.78 | 25 (2026-06-18) | 86.15% | 1.82% | 1.17x |
| LMND | 45.0 | 0.32 | 53.78 | 11 (2026-05-29) | 91.21% | 0.71% | 1.16x |
| LMND | 40.0 | 5.4 | 53.78 | 176 (2027-01-15) | 78.82% | 13.50% | 1.16x |
| LMND | 44.0 | 0.45 | 53.78 | 16 (2026-06-05) | 90.16% | 1.02% | 1.16x |
| LMND | 51.0 | 0.15 | 53.78 | 1 (2026-05-15) | 88.05% | 0.29% | 1.14x |
| LMND | 37.0 | 4.25 | 53.78 | 176 (2027-01-15) | 82.34% | 11.49% | 1.14x |
| LMND | 35.0 | 3.6 | 53.78 | 176 (2027-01-15) | 84.54% | 10.29% | 1.13x |
| LMND | 47.0 | 0.1 | 53.78 | 1 (2026-05-15) | 95.44% | 0.21% | 1.11x |
| LMND | 35.0 | 1.45 | 53.78 | 91 (2026-09-18) | 89.12% | 4.14% | 1.11x |
| LMND | 50.0 | 0.1 | 53.78 | 1 (2026-05-15) | 93.45% | 0.20% | 1.10x |
| LMND | 30.0 | 0.73 | 53.78 | 91 (2026-09-18) | 94.00% | 2.43% | 1.06x |
| LMND | 47.5 | 0.05 | 53.78 | 1 (2026-05-15) | 96.57% | 0.11% | 1.05x |