Recommendation: NO
Current Price: $61.50
Total Wheels: 1
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 |
|---|---|---|---|---|---|---|---|
| HRB | 60.0 | 1.7 | 61.50 | 9 (2025-05-16) E | 61.91% | 2.83% | 1.63x |
| HRB | 55.0 | 0.75 | 61.50 | 9 (2025-05-16) E | 82.97% | 1.36% | 1.37x |
| HRB | 55.0 | 1.5 | 61.50 | 54 (2025-07-18) E | 77.08% | 2.73% | 1.10x |
| HRB | 35.0 | 0.4 | 61.50 | 119 (2025-10-17) E | 96.14% | 1.14% | 1.02x |
| HRB | 30.0 | 0.1 | 61.50 | 54 (2025-07-18) E | 98.52% | 0.33% | 1.02x |