Recommendation: HV
Current Price: $20.86
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 | 20.0 | 0.69 | 20.86 | 8 (2026-08-21) | 65.08% | 3.45% | 2.01x |
| RIOT | 20.0 | 0.99 | 20.86 | 13 (2026-08-28) | 63.13% | 4.95% | 1.82x |
| RIOT | 20.5 | 0.39 | 20.86 | 3 (2026-08-14) | 61.55% | 1.90% | 1.80x |
| RIOT | 19.5 | 0.49 | 20.86 | 8 (2026-08-21) | 72.24% | 2.51% | 1.76x |
| RIOT | 20.0 | 1.31 | 20.86 | 18 (2026-09-04) | 62.08% | 6.55% | 1.75x |
| RIOT | 20.0 | 1.55 | 20.86 | 23 (2026-09-11) | 61.71% | 7.75% | 1.67x |
| RIOT | 19.0 | 0.37 | 20.86 | 8 (2026-08-21) | 78.15% | 1.95% | 1.61x |
| RIOT | 20.0 | 1.7 | 20.86 | 28 (2026-09-18) | 61.60% | 8.50% | 1.58x |
| RIOT | 19.0 | 0.87 | 20.86 | 18 (2026-09-04) | 71.18% | 4.58% | 1.57x |
| RIOT | 20.0 | 0.24 | 20.86 | 3 (2026-08-14) | 73.83% | 1.20% | 1.56x |
| RIOT | 19.0 | 1.09 | 20.86 | 23 (2026-09-11) | 69.65% | 5.74% | 1.54x |
| RIOT | 19.0 | 1.32 | 20.86 | 28 (2026-09-18) | 68.60% | 6.95% | 1.52x |
| RIOT | 18.0 | 0.94 | 20.86 | 28 (2026-09-18) | 75.41% | 5.22% | 1.42x |
| RIOT | 18.5 | 0.24 | 20.86 | 8 (2026-08-21) | 84.11% | 1.30% | 1.41x |
| RIOT | 18.0 | 0.55 | 20.86 | 18 (2026-09-04) | 79.42% | 3.06% | 1.40x |
| RIOT | 18.0 | 0.37 | 20.86 | 13 (2026-08-28) | 82.64% | 2.06% | 1.39x |
| RIOT | 19.5 | 0.14 | 20.86 | 3 (2026-08-14) | 83.30% | 0.72% | 1.35x |
| RIOT | 19.0 | 3.05 | 20.86 | 93 (2026-12-18) | 67.07% | 16.05% | 1.32x |
| RIOT | 17.0 | 0.65 | 20.86 | 28 (2026-09-18) | 81.45% | 3.82% | 1.32x |
| RIOT | 20.0 | 3.9 | 20.86 | 113 (2027-01-15) | 63.87% | 19.50% | 1.30x |
| RIOT | 17.0 | 0.49 | 20.86 | 23 (2026-09-11) | 83.51% | 2.88% | 1.30x |
| RIOT | 18.0 | 2.55 | 20.86 | 93 (2026-12-18) | 70.88% | 14.17% | 1.30x |
| RIOT | 17.0 | 2.13 | 20.86 | 93 (2026-12-18) | 74.61% | 12.53% | 1.27x |
| RIOT | 17.0 | 2.42 | 20.86 | 113 (2027-01-15) | 74.30% | 14.24% | 1.25x |
| RIOT | 16.0 | 1.71 | 20.86 | 93 (2026-12-18) | 78.31% | 10.69% | 1.24x |
| RIOT | 15.0 | 1.39 | 20.86 | 93 (2026-12-18) | 81.72% | 9.27% | 1.22x |
| RIOT | 16.0 | 0.4 | 20.86 | 28 (2026-09-18) | 87.58% | 2.50% | 1.22x |
| RIOT | 15.0 | 1.63 | 20.86 | 113 (2027-01-15) | 80.95% | 10.87% | 1.21x |
| RIOT | 14.0 | 1.07 | 20.86 | 93 (2026-12-18) | 85.03% | 7.64% | 1.19x |
| RIOT | 14.0 | 1.31 | 20.86 | 113 (2027-01-15) | 84.03% | 9.36% | 1.18x |
| RIOT | 13.0 | 1.48 | 20.86 | 158 (2027-03-19) | 85.27% | 11.38% | 1.16x |
| RIOT | 12.0 | 0.13 | 20.86 | 23 (2026-09-11) | 96.12% | 1.08% | 1.12x |
| RIOT | 18.5 | 0.03 | 20.86 | 3 (2026-08-14) | 95.83% | 0.16% | 1.08x |
| RIOT | 16.0 | 0.01 | 20.86 | 3 (2026-08-14) | 99.18% | 0.06% | 1.03x |
| RIOT | 16.5 | 0.01 | 20.86 | 3 (2026-08-14) | 98.33% | 0.06% | 1.03x |
| RIOT | 17.0 | 0.01 | 20.86 | 3 (2026-08-14) | 98.27% | 0.06% | 1.03x |
| RIOT | 17.5 | 0.01 | 20.86 | 3 (2026-08-14) | 98.26% | 0.06% | 1.03x |