Recommendation: HV
Current Price: $30.00
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 | 30.0 | 2.13 | 30.00 | 4 (2025-05-09) E | 53.58% | 7.10% | 6.56x |
| LMND | 29.5 | 1.9 | 30.00 | 4 (2025-05-09) E | 57.30% | 6.44% | 6.21x |
| LMND | 28.5 | 1.53 | 30.00 | 4 (2025-05-09) E | 64.29% | 5.37% | 5.53x |
| LMND | 29.0 | 1.62 | 30.00 | 4 (2025-05-09) E | 61.05% | 5.59% | 5.42x |
| LMND | 27.5 | 1.1 | 30.00 | 4 (2025-05-09) E | 71.13% | 4.00% | 4.11x |
| LMND | 27.0 | 1.0 | 30.00 | 4 (2025-05-09) E | 73.74% | 3.70% | 3.89x |
| LMND | 29.5 | 2.49 | 30.00 | 9 (2025-05-16) E | 57.51% | 8.44% | 3.77x |
| LMND | 28.0 | 1.0 | 30.00 | 4 (2025-05-09) E | 69.93% | 3.57% | 3.47x |
| LMND | 26.5 | 0.81 | 30.00 | 4 (2025-05-09) E | 77.46% | 3.06% | 3.25x |
| LMND | 30.0 | 2.25 | 30.00 | 9 (2025-05-16) E | 53.81% | 7.50% | 3.03x |
| LMND | 29.0 | 1.91 | 30.00 | 9 (2025-05-16) E | 60.64% | 6.59% | 2.99x |
| LMND | 26.0 | 0.69 | 30.00 | 4 (2025-05-09) E | 80.18% | 2.65% | 2.89x |
| LMND | 27.0 | 1.25 | 30.00 | 9 (2025-05-16) E | 72.37% | 4.63% | 2.52x |
| LMND | 25.5 | 0.55 | 30.00 | 4 (2025-05-09) E | 83.22% | 2.16% | 2.45x |
| LMND | 30.0 | 2.75 | 30.00 | 14 (2025-05-23) E | 54.65% | 9.17% | 2.41x |
| LMND | 28.0 | 1.84 | 30.00 | 14 (2025-05-23) E | 65.98% | 6.57% | 2.15x |
| LMND | 30.0 | 3.0 | 30.00 | 19 (2025-05-30) E | 55.05% | 10.00% | 2.04x |
| LMND | 27.0 | 1.4 | 30.00 | 14 (2025-05-23) E | 71.75% | 5.19% | 1.93x |
| LMND | 28.0 | 2.05 | 30.00 | 19 (2025-05-30) E | 65.53% | 7.32% | 1.86x |
| LMND | 26.0 | 1.1 | 30.00 | 14 (2025-05-23) E | 76.53% | 4.23% | 1.77x |
| LMND | 26.0 | 1.3 | 30.00 | 19 (2025-05-30) E | 75.33% | 5.00% | 1.63x |
| LMND | 30.0 | 3.54 | 30.00 | 34 (2025-06-20) E | 56.05% | 11.80% | 1.61x |
| LMND | 28.0 | 2.63 | 30.00 | 34 (2025-06-20) E | 64.84% | 9.39% | 1.55x |
| LMND | 25.0 | 1.0 | 30.00 | 19 (2025-05-30) E | 79.86% | 4.00% | 1.52x |
| LMND | 21.0 | 0.7 | 30.00 | 19 (2025-05-30) E | 88.10% | 3.33% | 1.47x |
| LMND | 26.0 | 1.85 | 30.00 | 34 (2025-06-20) E | 73.06% | 7.12% | 1.46x |
| LMND | 25.0 | 1.5 | 30.00 | 34 (2025-06-20) E | 76.97% | 6.00% | 1.40x |
| LMND | 24.0 | 1.16 | 30.00 | 34 (2025-06-20) E | 80.85% | 4.83% | 1.33x |
| LMND | 29.0 | 5.25 | 30.00 | 99 (2025-09-19) E | 62.62% | 18.10% | 1.31x |
| LMND | 28.0 | 7.8 | 30.00 | 164 (2025-12-19) E | 68.66% | 27.86% | 1.31x |
| LMND | 27.0 | 7.1 | 30.00 | 164 (2025-12-19) E | 70.14% | 26.30% | 1.30x |
| LMND | 25.0 | 3.3 | 30.00 | 99 (2025-09-19) E | 73.17% | 13.20% | 1.26x |
| LMND | 27.0 | 6.8 | 30.00 | 184 (2026-01-16) E | 69.91% | 25.19% | 1.25x |
| LMND | 22.0 | 0.7 | 30.00 | 34 (2025-06-20) E | 87.67% | 3.18% | 1.23x |
| LMND | 25.0 | 5.33 | 30.00 | 184 (2026-01-16) E | 73.21% | 21.32% | 1.22x |
| LMND | 23.0 | 4.1 | 30.00 | 164 (2025-12-19) E | 76.92% | 17.83% | 1.22x |
| LMND | 20.0 | 3.03 | 30.00 | 184 (2026-01-16) E | 82.36% | 15.15% | 1.17x |
| LMND | 15.0 | 1.3 | 30.00 | 184 (2026-01-16) E | 90.80% | 8.67% | 1.11x |
| LMND | 10.0 | 0.57 | 30.00 | 184 (2026-01-16) E | 95.96% | 5.70% | 1.08x |
| LMND | 8.0 | 0.29 | 30.00 | 184 (2026-01-16) E | 97.76% | 3.62% | 1.05x |