Recommendation: HV
Current Price: $45.79
Total Wheels: 19
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 | 45.5 | 1.4 | 45.79 | 4 (2025-06-27) | 54.70% | 3.08% | 2.32x |
| LMND | 45.0 | 1.21 | 45.79 | 4 (2025-06-27) | 59.68% | 2.69% | 2.23x |
| LMND | 45.0 | 2.0 | 45.79 | 8 (2025-07-03) | 57.89% | 4.44% | 2.23x |
| LMND | 44.5 | 1.07 | 45.79 | 4 (2025-06-27) | 64.09% | 2.40% | 2.16x |
| LMND | 44.0 | 1.55 | 45.79 | 8 (2025-07-03) | 64.50% | 3.52% | 2.03x |
| LMND | 45.0 | 4.1 | 45.79 | 19 (2025-07-18) | 57.79% | 9.11% | 1.98x |
| LMND | 43.5 | 1.29 | 45.79 | 8 (2025-07-03) | 68.10% | 2.97% | 1.88x |
| LMND | 40.5 | 1.0 | 45.79 | 8 (2025-07-03) | 78.69% | 2.47% | 1.83x |
| LMND | 44.0 | 0.75 | 45.79 | 4 (2025-06-27) | 70.00% | 1.70% | 1.82x |
| LMND | 43.5 | 0.67 | 45.79 | 4 (2025-06-27) | 73.63% | 1.54% | 1.77x |
| LMND | 44.0 | 2.12 | 45.79 | 14 (2025-07-11) | 62.83% | 4.82% | 1.71x |
| LMND | 42.5 | 0.95 | 45.79 | 8 (2025-07-03) | 74.36% | 2.24% | 1.68x |
| LMND | 44.0 | 2.83 | 45.79 | 19 (2025-07-18) | 61.77% | 6.43% | 1.68x |
| LMND | 43.0 | 0.5 | 45.79 | 4 (2025-06-27) | 79.13% | 1.16% | 1.59x |
| LMND | 42.0 | 0.8 | 45.79 | 8 (2025-07-03) | 77.17% | 1.90% | 1.58x |
| LMND | 40.0 | 0.7 | 45.79 | 8 (2025-07-03) | 82.77% | 1.75% | 1.57x |
| LMND | 43.0 | 2.15 | 45.79 | 19 (2025-07-18) | 66.57% | 5.00% | 1.54x |
| LMND | 43.0 | 4.44 | 45.79 | 39 (2025-08-15) E | 64.02% | 10.33% | 1.51x |
| LMND | 40.0 | 3.62 | 45.79 | 39 (2025-08-15) E | 71.19% | 9.05% | 1.50x |
| LMND | 40.0 | 1.05 | 45.79 | 14 (2025-07-11) | 79.68% | 2.63% | 1.45x |
| LMND | 41.0 | 0.55 | 45.79 | 8 (2025-07-03) | 82.96% | 1.34% | 1.42x |
| LMND | 42.5 | 0.35 | 45.79 | 4 (2025-06-27) | 82.99% | 0.82% | 1.41x |
| LMND | 39.0 | 1.28 | 45.79 | 19 (2025-07-18) | 79.88% | 3.28% | 1.41x |
| LMND | 42.0 | 0.3 | 45.79 | 4 (2025-06-27) | 86.40% | 0.71% | 1.36x |
| LMND | 42.0 | 9.81 | 45.79 | 129 (2025-12-19) E | 68.18% | 23.36% | 1.33x |
| LMND | 40.0 | 4.25 | 45.79 | 64 (2025-09-19) E | 70.62% | 10.62% | 1.33x |
| LMND | 40.0 | 1.08 | 45.79 | 19 (2025-07-18) | 79.46% | 2.70% | 1.33x |
| LMND | 35.0 | 1.55 | 45.79 | 39 (2025-08-15) E | 83.61% | 4.43% | 1.26x |
| LMND | 39.0 | 0.57 | 45.79 | 14 (2025-07-11) | 85.91% | 1.46% | 1.25x |
| LMND | 45.0 | 10.13 | 45.79 | 149 (2026-01-16) E | 63.08% | 22.51% | 1.25x |
| LMND | 38.0 | 5.85 | 45.79 | 129 (2025-12-19) E | 73.20% | 15.39% | 1.23x |
| LMND | 41.0 | 0.18 | 45.79 | 4 (2025-06-27) | 90.60% | 0.44% | 1.22x |
| LMND | 38.0 | 0.67 | 45.79 | 19 (2025-07-18) | 86.04% | 1.76% | 1.22x |
| LMND | 37.0 | 0.4 | 45.79 | 14 (2025-07-11) | 90.35% | 1.08% | 1.19x |
| LMND | 37.0 | 0.55 | 45.79 | 19 (2025-07-18) | 88.37% | 1.49% | 1.19x |
| LMND | 36.0 | 0.32 | 45.79 | 14 (2025-07-11) | 92.17% | 0.89% | 1.16x |
| LMND | 36.0 | 0.42 | 45.79 | 19 (2025-07-18) | 90.78% | 1.17% | 1.15x |