Recommendation: HV
Current Price: $24.51
Total Wheels: 118
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 |
|---|---|---|---|---|---|---|---|
| RIOT | 24.5 | 1.26 | 24.51 | 8 (2026-05-22) | 52.79% | 5.14% | 2.33x |
| RIOT | 24.0 | 1.01 | 24.51 | 8 (2026-05-22) | 59.05% | 4.21% | 2.17x |
| RIOT | 23.5 | 0.88 | 24.51 | 8 (2026-05-22) | 64.59% | 3.74% | 2.12x |
| RIOT | 24.0 | 1.47 | 24.51 | 13 (2026-05-29) | 58.28% | 6.12% | 1.97x |
| RIOT | 24.0 | 0.52 | 24.51 | 3 (2026-05-15) | 62.27% | 2.17% | 1.96x |
| RIOT | 23.0 | 0.71 | 24.51 | 8 (2026-05-22) | 70.02% | 3.09% | 1.96x |
| RIOT | 24.0 | 2.46 | 24.51 | 23 (2026-06-12) | 58.62% | 10.25% | 1.90x |
| RIOT | 22.5 | 1.45 | 24.51 | 18 (2026-06-05) | 68.11% | 6.44% | 1.82x |
| RIOT | 23.0 | 1.08 | 24.51 | 13 (2026-05-29) | 67.02% | 4.70% | 1.82x |
| RIOT | 22.5 | 0.57 | 24.51 | 8 (2026-05-22) | 74.89% | 2.53% | 1.81x |
| RIOT | 23.5 | 1.61 | 24.51 | 18 (2026-06-05) | 61.96% | 6.85% | 1.79x |
| RIOT | 23.0 | 1.43 | 24.51 | 18 (2026-06-05) | 65.52% | 6.22% | 1.75x |
| RIOT | 24.0 | 1.66 | 24.51 | 18 (2026-06-05) | 58.23% | 6.92% | 1.74x |
| RIOT | 23.5 | 0.35 | 24.51 | 3 (2026-05-15) | 71.91% | 1.49% | 1.71x |
| RIOT | 24.0 | 2.35 | 24.51 | 27 (2026-06-18) | 58.54% | 9.79% | 1.68x |
| RIOT | 22.0 | 0.44 | 24.51 | 8 (2026-05-22) | 79.42% | 2.00% | 1.64x |
| RIOT | 23.0 | 1.82 | 24.51 | 27 (2026-06-18) | 64.62% | 7.91% | 1.59x |
| RIOT | 22.0 | 0.69 | 24.51 | 13 (2026-05-29) | 75.67% | 3.14% | 1.58x |
| RIOT | 21.0 | 0.8 | 24.51 | 18 (2026-06-05) | 78.20% | 3.81% | 1.51x |
| RIOT | 22.0 | 1.4 | 24.51 | 27 (2026-06-18) | 70.62% | 6.36% | 1.51x |
| RIOT | 21.5 | 0.84 | 24.51 | 18 (2026-06-05) | 76.11% | 3.91% | 1.51x |
| RIOT | 23.0 | 0.23 | 24.51 | 3 (2026-05-15) | 79.92% | 1.00% | 1.49x |
| RIOT | 21.0 | 0.99 | 24.51 | 23 (2026-06-12) | 76.64% | 4.71% | 1.48x |
| RIOT | 21.5 | 0.31 | 24.51 | 8 (2026-05-22) | 84.07% | 1.44% | 1.46x |
| RIOT | 21.0 | 1.11 | 24.51 | 27 (2026-06-18) | 75.88% | 5.29% | 1.44x |
| RIOT | 20.0 | 0.81 | 24.51 | 23 (2026-06-12) | 80.99% | 4.05% | 1.42x |
| RIOT | 21.0 | 0.45 | 24.51 | 13 (2026-05-29) | 82.65% | 2.14% | 1.41x |
| RIOT | 19.5 | 0.68 | 24.51 | 23 (2026-06-12) | 83.38% | 3.49% | 1.37x |
| RIOT | 23.0 | 4.25 | 24.51 | 93 (2026-09-18) | 65.21% | 18.48% | 1.36x |
| RIOT | 24.0 | 4.65 | 24.51 | 93 (2026-09-18) | 61.94% | 19.38% | 1.36x |
| RIOT | 21.0 | 0.22 | 24.51 | 8 (2026-05-22) | 87.76% | 1.05% | 1.33x |
| RIOT | 20.0 | 0.77 | 24.51 | 27 (2026-06-18) | 81.38% | 3.85% | 1.33x |
| RIOT | 22.5 | 0.15 | 24.51 | 3 (2026-05-15) | 85.79% | 0.67% | 1.33x |
| RIOT | 22.0 | 3.45 | 24.51 | 93 (2026-09-18) | 68.13% | 15.68% | 1.32x |
| RIOT | 20.0 | 2.61 | 24.51 | 93 (2026-09-18) | 74.42% | 13.05% | 1.29x |
| RIOT | 20.0 | 0.29 | 24.51 | 13 (2026-05-29) | 88.05% | 1.45% | 1.28x |
| RIOT | 20.0 | 0.17 | 24.51 | 8 (2026-05-22) | 91.30% | 0.85% | 1.28x |
| RIOT | 19.0 | 2.31 | 24.51 | 93 (2026-09-18) | 77.29% | 12.16% | 1.28x |
| RIOT | 24.0 | 5.9 | 24.51 | 158 (2026-12-18) | 64.30% | 24.58% | 1.26x |
| RIOT | 22.0 | 0.11 | 24.51 | 3 (2026-05-15) | 89.72% | 0.50% | 1.25x |
| RIOT | 22.0 | 4.75 | 24.51 | 158 (2026-12-18) | 69.12% | 21.59% | 1.25x |
| RIOT | 21.0 | 4.2 | 24.51 | 158 (2026-12-18) | 71.57% | 20.00% | 1.24x |
| RIOT | 19.5 | 0.33 | 24.51 | 18 (2026-06-05) | 88.19% | 1.69% | 1.23x |
| RIOT | 20.0 | 3.7 | 24.51 | 158 (2026-12-18) | 74.04% | 18.50% | 1.23x |
| RIOT | 19.0 | 3.3 | 24.51 | 158 (2026-12-18) | 76.47% | 17.37% | 1.22x |
| RIOT | 20.0 | 4.06 | 24.51 | 178 (2027-01-15) | 74.14% | 20.30% | 1.22x |
| RIOT | 23.0 | 5.2 | 24.51 | 178 (2027-01-15) | 66.54% | 22.61% | 1.22x |
| RIOT | 22.0 | 4.75 | 24.51 | 178 (2027-01-15) | 69.16% | 21.59% | 1.22x |
| RIOT | 19.0 | 3.66 | 24.51 | 178 (2027-01-15) | 76.44% | 19.26% | 1.21x |
| RIOT | 18.0 | 2.8 | 24.51 | 158 (2026-12-18) | 78.89% | 15.56% | 1.20x |
| RIOT | 16.0 | 1.32 | 24.51 | 93 (2026-09-18) | 85.44% | 8.25% | 1.20x |
| RIOT | 18.0 | 3.14 | 24.51 | 178 (2027-01-15) | 78.71% | 17.44% | 1.20x |
| RIOT | 18.0 | 0.38 | 24.51 | 27 (2026-06-18) | 89.59% | 2.11% | 1.19x |
| RIOT | 21.5 | 0.08 | 24.51 | 3 (2026-05-15) | 92.56% | 0.37% | 1.19x |
| RIOT | 18.5 | 0.17 | 24.51 | 13 (2026-05-29) | 92.89% | 0.92% | 1.18x |
| RIOT | 15.0 | 1.06 | 24.51 | 93 (2026-09-18) | 87.85% | 7.07% | 1.18x |
| RIOT | 15.0 | 1.85 | 24.51 | 158 (2026-12-18) | 85.43% | 12.33% | 1.17x |
| RIOT | 16.0 | 2.0 | 24.51 | 158 (2026-12-18) | 83.62% | 12.50% | 1.17x |
| RIOT | 21.0 | 0.07 | 24.51 | 3 (2026-05-15) | 94.03% | 0.33% | 1.17x |
| RIOT | 15.0 | 2.04 | 24.51 | 178 (2027-01-15) | 85.10% | 13.60% | 1.17x |
| RIOT | 17.0 | 0.31 | 24.51 | 27 (2026-06-18) | 91.79% | 1.82% | 1.17x |
| RIOT | 20.5 | 0.06 | 24.51 | 3 (2026-05-15) | 94.89% | 0.29% | 1.15x |
| RIOT | 16.0 | 0.18 | 24.51 | 27 (2026-06-18) | 94.61% | 1.12% | 1.10x |
| RIOT | 20.0 | 0.04 | 24.51 | 3 (2026-05-15) | 96.80% | 0.20% | 1.10x |
| RIOT | 15.0 | 0.15 | 24.51 | 27 (2026-06-18) | 95.78% | 1.00% | 1.09x |
| RIOT | 19.5 | 0.03 | 24.51 | 3 (2026-05-15) | 97.50% | 0.15% | 1.08x |