Recommendation: HV
Current Price: $51.61
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 | 51.0 | 2.3 | 51.61 | 18 (2026-09-04) | 56.41% | 4.51% | 1.42x |
| LMND | 50.0 | 2.75 | 51.61 | 28 (2026-09-18) | 60.78% | 5.50% | 1.34x |
| LMND | 50.0 | 7.2 | 51.61 | 93 (2026-12-18) | 61.23% | 14.40% | 1.26x |
| LMND | 50.0 | 7.6 | 51.61 | 113 (2027-01-15) | 61.50% | 15.20% | 1.22x |
| LMND | 45.0 | 4.8 | 51.61 | 93 (2026-12-18) | 70.80% | 10.67% | 1.22x |
| LMND | 45.0 | 1.1 | 51.61 | 28 (2026-09-18) | 80.55% | 2.44% | 1.19x |
| LMND | 40.0 | 3.1 | 51.61 | 93 (2026-12-18) | 79.50% | 7.75% | 1.18x |
| LMND | 40.0 | 3.5 | 51.61 | 113 (2027-01-15) | 78.86% | 8.75% | 1.16x |
| LMND | 47.5 | 0.1 | 51.61 | 3 (2026-08-14) | 93.25% | 0.21% | 1.10x |
| LMND | 48.0 | 0.1 | 51.61 | 3 (2026-08-14) | 90.48% | 0.21% | 1.10x |
| LMND | 40.0 | 0.35 | 51.61 | 28 (2026-09-18) | 92.57% | 0.87% | 1.08x |
| LMND | 30.0 | 0.22 | 51.61 | 28 (2026-09-18) | 96.96% | 0.73% | 1.07x |
| LMND | 25.0 | 0.18 | 51.61 | 28 (2026-09-18) | 97.91% | 0.72% | 1.07x |
| LMND | 46.0 | 0.05 | 51.61 | 3 (2026-08-14) | 96.33% | 0.11% | 1.05x |