Recommendation: NO
Current Price: $54.18
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 | 50.0 | 0.2 | 54.18 | 8 (2026-08-21) | 88.39% | 0.40% | 1.12x |
| HRB | 15.0 | 0.05 | 54.18 | 8 (2026-08-21) | 99.52% | 0.33% | 1.11x |
| HRB | 20.0 | 0.05 | 54.18 | 8 (2026-08-21) | 99.45% | 0.25% | 1.08x |
| HRB | 30.0 | 0.05 | 54.18 | 8 (2026-08-21) | 99.08% | 0.17% | 1.05x |
| HRB | 45.0 | 0.05 | 54.18 | 8 (2026-08-21) | 97.38% | 0.11% | 1.03x |
| HRB | 17.5 | 0.15 | 54.18 | 73 (2026-11-20) | 98.86% | 0.86% | 1.03x |
| HRB | 40.0 | 0.03 | 54.18 | 8 (2026-08-21) | 98.80% | 0.08% | 1.02x |
| HRB | 30.0 | 0.2 | 54.18 | 73 (2026-11-20) | 97.46% | 0.67% | 1.02x |