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 |
|---|---|---|---|---|---|---|---|
| TNA | 26.5 | 0.82 | 27.06 | 4 (2025-05-09) | 60.19% | 3.09% | 2.53x |
| TNA | 27.0 | 0.95 | 27.06 | 4 (2025-05-09) | 52.83% | 3.52% | 2.53x |
| TQQQ | 58.0 | 1.77 | 58.40 | 4 (2025-05-09) | 54.96% | 3.05% | 2.31x |
| TQQQ | 57.5 | 1.56 | 58.40 | 4 (2025-05-09) | 58.90% | 2.71% | 2.22x |
| TNA | 27.0 | 1.43 | 27.06 | 9 (2025-05-16) | 53.43% | 5.30% | 2.18x |
| TQQQ | 57.0 | 1.36 | 58.40 | 4 (2025-05-09) | 62.75% | 2.39% | 2.11x |
| TNA | 26.0 | 0.56 | 27.06 | 4 (2025-05-09) | 68.05% | 2.15% | 2.08x |
| TQQQ | 58.0 | 2.75 | 58.40 | 9 (2025-05-16) | 54.76% | 4.74% | 2.05x |
| TQQQ | 57.0 | 2.32 | 58.40 | 9 (2025-05-16) | 60.04% | 4.07% | 1.97x |
| TNA | 26.0 | 0.97 | 27.06 | 9 (2025-05-16) | 64.16% | 3.73% | 1.94x |
| FAS | 142.0 | 3.0 | 144.57 | 4 (2025-05-09) | 61.10% | 2.11% | 1.91x |
| TNA | 26.5 | 1.04 | 27.06 | 9 (2025-05-16) | 59.27% | 3.92% | 1.90x |
| TQQQ | 56.0 | 1.02 | 58.40 | 4 (2025-05-09) | 70.02% | 1.82% | 1.89x |
| FAS | 143.0 | 3.1 | 144.57 | 4 (2025-05-09) | 57.82% | 2.17% | 1.87x |
| TQQQ | 56.0 | 1.95 | 58.40 | 9 (2025-05-16) | 65.03% | 3.48% | 1.87x |
| TNA | 27.0 | 1.68 | 27.06 | 14 (2025-05-23) | 53.82% | 6.22% | 1.81x |
| TQQQ | 55.0 | 1.67 | 58.40 | 9 (2025-05-16) | 69.48% | 3.04% | 1.79x |
| TNA | 25.5 | 0.39 | 27.06 | 4 (2025-05-09) | 75.16% | 1.53% | 1.78x |
| TNA | 25.0 | 0.71 | 27.06 | 9 (2025-05-16) | 73.01% | 2.84% | 1.78x |
| TQQQ | 58.0 | 3.25 | 58.40 | 14 (2025-05-23) | 54.90% | 5.60% | 1.73x |
| TNA | 25.5 | 0.7 | 27.06 | 9 (2025-05-16) | 70.79% | 2.75% | 1.71x |
| TNA | 25.5 | 1.16 | 27.06 | 14 (2025-05-23) | 66.55% | 4.55% | 1.71x |
| TQQQ | 54.0 | 1.38 | 58.40 | 9 (2025-05-16) | 73.79% | 2.56% | 1.69x |
| TQQQ | 55.0 | 0.75 | 58.40 | 4 (2025-05-09) | 76.43% | 1.36% | 1.69x |
| FAS | 140.0 | 2.1 | 144.57 | 4 (2025-05-09) | 69.09% | 1.50% | 1.68x |
| FAS | 143.0 | 4.7 | 144.57 | 9 (2025-05-16) | 56.55% | 3.29% | 1.67x |
| TQQQ | 57.5 | 2.91 | 58.40 | 14 (2025-05-23) | 57.23% | 5.06% | 1.67x |
| TQQQ | 56.0 | 2.55 | 58.40 | 14 (2025-05-23) | 63.52% | 4.55% | 1.67x |
| TQQQ | 58.0 | 4.1 | 58.40 | 19 (2025-05-30) | 55.29% | 7.07% | 1.66x |
| TQQQ | 57.0 | 2.7 | 58.40 | 14 (2025-05-23) | 59.57% | 4.74% | 1.65x |
| FAS | 141.0 | 4.1 | 144.57 | 9 (2025-05-16) | 61.79% | 2.91% | 1.65x |
| FAS | 144.0 | 2.6 | 144.57 | 4 (2025-05-09) | 54.22% | 1.81% | 1.63x |
| TNA | 25.0 | 0.95 | 27.06 | 14 (2025-05-23) | 70.68% | 3.80% | 1.61x |
| TNA | 25.0 | 0.29 | 27.06 | 4 (2025-05-09) | 80.87% | 1.16% | 1.60x |
| TQQQ | 56.0 | 3.2 | 58.40 | 19 (2025-05-30) | 62.57% | 5.71% | 1.59x |
| TNA | 25.5 | 1.38 | 27.06 | 19 (2025-05-30) | 65.59% | 5.41% | 1.59x |
| TQQQ | 57.0 | 3.4 | 58.40 | 19 (2025-05-30) | 59.02% | 5.96% | 1.58x |
| TQQQ | 55.0 | 2.87 | 58.40 | 19 (2025-05-30) | 65.87% | 5.22% | 1.57x |
| FAS | 140.0 | 3.3 | 144.57 | 9 (2025-05-16) | 65.28% | 2.36% | 1.53x |
| TQQQ | 55.0 | 3.45 | 58.40 | 24 (2025-06-06) | 64.98% | 6.27% | 1.52x |
| TQQQ | 56.0 | 3.65 | 58.40 | 24 (2025-06-06) | 62.10% | 6.52% | 1.52x |
| TQQQ | 57.0 | 3.87 | 58.40 | 24 (2025-06-06) | 58.90% | 6.79% | 1.51x |
| TQQQ | 54.0 | 2.4 | 58.40 | 19 (2025-05-30) | 69.40% | 4.44% | 1.50x |
| TQQQ | 58.0 | 4.1 | 58.40 | 24 (2025-06-06) | 55.30% | 7.07% | 1.50x |
| TQQQ | 54.0 | 2.8 | 58.40 | 24 (2025-06-06) | 68.46% | 5.19% | 1.44x |
| QQQ | 485.0 | 5.74 | 485.93 | 5 (2025-05-12) | 53.19% | 1.18% | 1.37x |
| QQQ | 484.0 | 5.39 | 485.93 | 5 (2025-05-12) | 55.64% | 1.11% | 1.37x |
| QQQ | 483.0 | 4.8 | 485.93 | 5 (2025-05-12) | 58.29% | 0.99% | 1.34x |
| QQQ | 485.0 | 5.14 | 485.93 | 4 (2025-05-09) | 53.36% | 1.06% | 1.33x |
| QQQ | 481.0 | 4.28 | 485.93 | 5 (2025-05-12) | 62.73% | 0.89% | 1.32x |
| QQQ | 482.0 | 4.43 | 485.93 | 5 (2025-05-12) | 60.72% | 0.92% | 1.32x |
| QQQ | 484.0 | 4.6 | 485.93 | 4 (2025-05-09) | 56.24% | 0.95% | 1.31x |
| QQQ | 483.0 | 4.24 | 485.93 | 4 (2025-05-09) | 58.97% | 0.88% | 1.30x |
| QQQ | 482.5 | 4.12 | 485.93 | 4 (2025-05-09) | 60.22% | 0.85% | 1.29x |
| QQQ | 482.0 | 3.93 | 485.93 | 4 (2025-05-09) | 61.55% | 0.82% | 1.29x |
| QQQ | 485.0 | 4.44 | 485.93 | 3 (2025-05-08) | 53.65% | 0.92% | 1.28x |
| QQQ | 484.0 | 3.92 | 485.93 | 3 (2025-05-08) | 56.94% | 0.81% | 1.26x |
| QQQ | 483.0 | 3.6 | 485.93 | 3 (2025-05-08) | 59.93% | 0.75% | 1.25x |
| QQQ | 482.0 | 3.3 | 485.93 | 3 (2025-05-08) | 62.82% | 0.68% | 1.24x |
| QQQ | 481.0 | 2.9 | 485.93 | 3 (2025-05-08) | 66.03% | 0.60% | 1.22x |
| QQQ | 484.0 | 3.2 | 485.93 | 2 (2025-05-07) | 58.04% | 0.66% | 1.21x |
| QQQ | 483.0 | 2.82 | 485.93 | 2 (2025-05-07) | 61.65% | 0.58% | 1.20x |
| QQQ | 482.0 | 2.52 | 485.93 | 2 (2025-05-07) | 65.04% | 0.52% | 1.19x |
| QQQ | 481.0 | 2.16 | 485.93 | 2 (2025-05-07) | 68.57% | 0.45% | 1.17x |
| QQQ | 482.0 | 1.13 | 485.93 | 1 (2025-05-06) | 72.57% | 0.23% | 1.09x |
| QQQ | 481.0 | 0.88 | 485.93 | 1 (2025-05-06) | 77.37% | 0.18% | 1.07x |