Recommendation: HV
Current Price: $74.26
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 | 74.0 | 6.6 | 74.26 | 10 (2026-02-20) | 55.22% | 8.92% | 3.36x |
| LMND | 73.0 | 6.1 | 74.26 | 10 (2026-02-20) | 57.55% | 8.36% | 3.27x |
| LMND | 70.0 | 4.6 | 74.26 | 10 (2026-02-20) | 64.63% | 6.57% | 2.85x |
| LMND | 69.0 | 4.3 | 74.26 | 10 (2026-02-20) | 66.76% | 6.23% | 2.79x |
| LMND | 74.0 | 7.4 | 74.26 | 15 (2026-02-27) | 55.72% | 10.00% | 2.49x |
| LMND | 71.0 | 1.8 | 74.26 | 5 (2026-02-13) | 67.91% | 2.54% | 2.36x |
| LMND | 70.0 | 5.5 | 74.26 | 15 (2026-02-27) | 63.99% | 7.86% | 2.28x |
| LMND | 65.0 | 2.85 | 74.26 | 10 (2026-02-20) | 75.46% | 4.38% | 2.27x |
| LMND | 60.0 | 1.55 | 74.26 | 10 (2026-02-20) | 84.74% | 2.58% | 1.73x |
| LMND | 70.0 | 6.9 | 74.26 | 30 (2026-03-20) | 63.61% | 9.86% | 1.67x |
| LMND | 60.0 | 2.0 | 74.26 | 15 (2026-02-27) | 82.85% | 3.33% | 1.58x |
| LMND | 65.0 | 0.6 | 74.26 | 5 (2026-02-13) | 87.32% | 0.92% | 1.50x |
| LMND | 60.0 | 3.3 | 74.26 | 30 (2026-03-20) | 79.43% | 5.50% | 1.43x |
| LMND | 70.0 | 10.8 | 74.26 | 70 (2026-05-15) | 64.10% | 15.43% | 1.40x |
| LMND | 70.0 | 11.8 | 74.26 | 94 (2026-06-18) | 64.47% | 16.86% | 1.32x |
| LMND | 70.0 | 15.4 | 74.26 | 160 (2026-09-18) | 66.04% | 22.00% | 1.24x |
| LMND | 50.0 | 6.1 | 74.26 | 160 (2026-09-18) | 82.76% | 12.20% | 1.16x |
| LMND | 42.0 | 5.7 | 74.26 | 245 (2027-01-15) | 86.95% | 13.57% | 1.12x |
| LMND | 40.0 | 5.0 | 74.26 | 245 (2027-01-15) | 88.21% | 12.50% | 1.11x |
| LMND | 40.0 | 2.9 | 74.26 | 160 (2026-09-18) | 90.32% | 7.25% | 1.11x |