Typically 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 |
|---|---|---|---|---|---|---|---|
| FAS | 155.0 | 8.66 | 155.19 | 8 (2025-07-03) | 53.23% | 5.59% | 2.52x |
| TNA | 31.5 | 0.93 | 31.92 | 4 (2025-06-27) | 57.72% | 2.95% | 2.34x |
| TNA | 30.5 | 1.11 | 31.92 | 8 (2025-07-03) | 65.50% | 3.64% | 2.10x |
| FAS | 153.0 | 3.72 | 155.19 | 4 (2025-06-27) | 58.87% | 2.43% | 2.05x |
| TNA | 31.0 | 0.63 | 31.92 | 4 (2025-06-27) | 65.54% | 2.03% | 1.95x |
| TNA | 30.0 | 0.85 | 31.92 | 8 (2025-07-03) | 70.35% | 2.83% | 1.86x |
| TNA | 30.5 | 0.5 | 31.92 | 4 (2025-06-27) | 72.53% | 1.64% | 1.81x |
| TQQQ | 74.5 | 2.64 | 74.70 | 8 (2025-07-03) | 53.09% | 3.54% | 1.80x |
| TQQQ | 74.0 | 1.48 | 74.70 | 4 (2025-06-27) | 57.40% | 2.00% | 1.78x |
| TQQQ | 74.0 | 2.43 | 74.70 | 8 (2025-07-03) | 55.95% | 3.28% | 1.77x |
| TQQQ | 73.5 | 2.24 | 74.70 | 8 (2025-07-03) | 58.71% | 3.05% | 1.75x |
| FAS | 150.0 | 7.7 | 155.19 | 14 (2025-07-11) | 61.41% | 5.13% | 1.75x |
| TNA | 31.0 | 1.59 | 31.92 | 14 (2025-07-11) | 60.42% | 5.13% | 1.73x |
| TNA | 29.5 | 0.64 | 31.92 | 8 (2025-07-03) | 75.33% | 2.17% | 1.67x |
| TQQQ | 72.5 | 1.84 | 74.70 | 8 (2025-07-03) | 64.14% | 2.54% | 1.66x |
| TQQQ | 73.0 | 1.12 | 74.70 | 4 (2025-06-27) | 65.52% | 1.53% | 1.66x |
| TQQQ | 73.0 | 1.9 | 74.70 | 8 (2025-07-03) | 61.95% | 2.60% | 1.66x |
| TNA | 30.0 | 1.18 | 31.92 | 14 (2025-07-11) | 67.94% | 3.93% | 1.61x |
| TQQQ | 74.5 | 3.65 | 74.70 | 14 (2025-07-11) | 53.49% | 4.90% | 1.59x |
| TNA | 30.0 | 0.34 | 31.92 | 4 (2025-06-27) | 78.58% | 1.13% | 1.56x |
| TNA | 31.0 | 1.76 | 31.92 | 19 (2025-07-18) | 60.17% | 5.68% | 1.56x |
| TQQQ | 72.0 | 0.88 | 74.70 | 4 (2025-06-27) | 72.20% | 1.22% | 1.56x |
| TQQQ | 73.5 | 3.15 | 74.70 | 14 (2025-07-11) | 57.71% | 4.29% | 1.55x |
| TQQQ | 73.0 | 3.01 | 74.70 | 14 (2025-07-11) | 59.69% | 4.12% | 1.55x |
| TNA | 30.0 | 1.5 | 31.92 | 19 (2025-07-18) | 66.56% | 5.00% | 1.54x |
| FAS | 154.0 | 9.2 | 155.19 | 19 (2025-07-18) | 55.22% | 5.97% | 1.54x |
| TQQQ | 74.0 | 3.21 | 74.70 | 14 (2025-07-11) | 55.63% | 4.34% | 1.54x |
| TQQQ | 72.5 | 2.8 | 74.70 | 14 (2025-07-11) | 61.71% | 3.86% | 1.53x |
| FAS | 155.0 | 8.9 | 155.19 | 19 (2025-07-18) | 53.38% | 5.74% | 1.49x |
| TQQQ | 74.0 | 3.98 | 74.70 | 19 (2025-07-18) | 55.61% | 5.38% | 1.48x |
| FAS | 150.0 | 7.03 | 155.19 | 19 (2025-07-18) | 61.80% | 4.69% | 1.46x |
| TQQQ | 73.0 | 3.5 | 74.70 | 19 (2025-07-18) | 59.24% | 4.79% | 1.45x |
| TNA | 29.5 | 0.26 | 31.92 | 4 (2025-06-27) | 83.21% | 0.88% | 1.45x |
| TQQQ | 72.0 | 3.2 | 74.70 | 19 (2025-07-18) | 62.63% | 4.44% | 1.44x |
| TQQQ | 71.0 | 0.65 | 74.70 | 4 (2025-06-27) | 78.31% | 0.92% | 1.43x |
| TNA | 29.0 | 1.09 | 31.92 | 19 (2025-07-18) | 72.91% | 3.76% | 1.43x |
| TQQQ | 74.0 | 4.6 | 74.70 | 24 (2025-07-25) | 55.72% | 6.22% | 1.43x |
| TQQQ | 73.0 | 4.25 | 74.70 | 24 (2025-07-25) | 58.84% | 5.82% | 1.42x |
| TQQQ | 71.0 | 2.9 | 74.70 | 19 (2025-07-18) | 65.80% | 4.08% | 1.42x |
| TNA | 28.0 | 0.95 | 31.92 | 19 (2025-07-18) | 77.25% | 3.39% | 1.41x |
| TQQQ | 70.0 | 2.55 | 74.70 | 19 (2025-07-18) | 68.99% | 3.64% | 1.39x |
| TNA | 27.0 | 0.75 | 31.92 | 19 (2025-07-18) | 81.57% | 2.78% | 1.35x |
| TQQQ | 70.0 | 0.5 | 74.70 | 4 (2025-06-27) | 82.15% | 0.71% | 1.34x |
| QQQ | 530.0 | 4.05 | 531.65 | 5 (2025-06-30) | 56.07% | 0.76% | 1.24x |
| QQQ | 529.0 | 3.67 | 531.65 | 5 (2025-06-30) | 59.20% | 0.69% | 1.23x |
| QQQ | 528.0 | 3.37 | 531.65 | 5 (2025-06-30) | 62.10% | 0.64% | 1.22x |
| QQQ | 527.0 | 3.2 | 531.65 | 5 (2025-06-30) | 64.63% | 0.61% | 1.22x |
| QQQ | 529.0 | 2.92 | 531.65 | 4 (2025-06-27) | 60.68% | 0.55% | 1.18x |
| QQQ | 528.0 | 2.63 | 531.65 | 4 (2025-06-27) | 64.06% | 0.50% | 1.17x |
| QQQ | 527.0 | 2.37 | 531.65 | 4 (2025-06-27) | 67.19% | 0.45% | 1.16x |
| QQQ | 528.0 | 2.1 | 531.65 | 3 (2025-06-26) | 66.00% | 0.40% | 1.14x |
| QQQ | 527.0 | 1.84 | 531.65 | 3 (2025-06-26) | 69.54% | 0.35% | 1.13x |
| QQQ | 527.0 | 1.29 | 531.65 | 2 (2025-06-25) | 73.01% | 0.24% | 1.09x |