Recommendation: HV
Current Price: $18.08
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 | 18.0 | 1.31 | 18.08 | 9 (2026-11-20) | 54.74% | 7.28% | 2.99x |
| RIOT | 17.5 | 0.59 | 18.08 | 4 (2026-11-13) | 63.06% | 3.37% | 2.89x |
| RIOT | 17.5 | 1.06 | 18.08 | 9 (2026-11-20) | 60.58% | 6.06% | 2.74x |
| RIOT | 17.0 | 0.85 | 18.08 | 9 (2026-11-20) | 66.35% | 5.00% | 2.49x |
| RIOT | 17.0 | 0.4 | 18.08 | 4 (2026-11-13) | 72.45% | 2.35% | 2.34x |
| RIOT | 15.5 | 0.39 | 18.08 | 9 (2026-11-20) | 81.45% | 2.52% | 1.76x |
| RIOT | 15.0 | 0.3 | 18.08 | 9 (2026-11-20) | 85.33% | 2.00% | 1.61x |
| RIOT | 18.0 | 2.58 | 18.08 | 49 (2027-01-15) | 57.92% | 14.33% | 1.51x |
| RIOT | 18.0 | 3.4 | 18.08 | 94 (2027-03-19) | 60.15% | 18.89% | 1.33x |
| RIOT | 18.0 | 4.4 | 18.08 | 158 (2027-06-17) | 62.88% | 24.44% | 1.26x |
| RIOT | 10.0 | 0.53 | 18.08 | 94 (2027-03-19) | 91.14% | 5.30% | 1.13x |