Recommendation: NO
Current Price: $30.96
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 | 30.0 | 0.9 | 30.96 | 19 (2026-04-17) | 63.79% | 3.00% | 1.29x |
| HRB | 30.0 | 1.6 | 30.96 | 39 (2026-05-15) | 61.00% | 5.33% | 1.23x |