Recommendation: HV
Current Price: $23.00
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 | 23.0 | 0.91 | 23.00 | 5 (2026-10-02) | 52.04% | 3.96% | 2.79x |
| RIOT | 22.0 | 0.49 | 23.00 | 5 (2026-10-02) | 68.92% | 2.23% | 2.15x |
| RIOT | 23.0 | 1.59 | 23.00 | 15 (2026-10-16) | 53.56% | 6.91% | 1.84x |
| RIOT | 22.0 | 0.78 | 23.00 | 10 (2026-10-09) | 65.44% | 3.55% | 1.78x |
| RIOT | 22.0 | 1.17 | 23.00 | 15 (2026-10-16) | 63.24% | 5.32% | 1.74x |
| RIOT | 23.0 | 2.81 | 23.00 | 40 (2026-11-20) | 56.27% | 12.22% | 1.52x |
| RIOT | 21.0 | 0.68 | 23.00 | 15 (2026-10-16) | 73.47% | 3.24% | 1.48x |
| RIOT | 22.0 | 2.28 | 23.00 | 40 (2026-11-20) | 61.86% | 10.36% | 1.48x |
| RIOT | 21.0 | 1.88 | 23.00 | 40 (2026-11-20) | 67.30% | 8.95% | 1.45x |
| RIOT | 20.0 | 0.66 | 23.00 | 20 (2026-10-23) | 78.19% | 3.30% | 1.38x |
| RIOT | 22.0 | 2.69 | 23.00 | 60 (2026-12-18) | 62.08% | 12.23% | 1.36x |
| RIOT | 23.0 | 3.85 | 23.00 | 80 (2027-01-15) | 58.64% | 16.74% | 1.34x |
| RIOT | 21.0 | 2.24 | 23.00 | 60 (2026-12-18) | 66.89% | 10.67% | 1.34x |
| RIOT | 22.0 | 3.3 | 23.00 | 80 (2027-01-15) | 62.68% | 15.00% | 1.33x |
| RIOT | 19.0 | 1.09 | 23.00 | 40 (2026-11-20) | 77.85% | 5.74% | 1.32x |
| RIOT | 22.0 | 4.15 | 23.00 | 125 (2027-03-19) | 63.85% | 18.86% | 1.26x |
| RIOT | 18.0 | 1.19 | 23.00 | 60 (2026-12-18) | 79.93% | 6.61% | 1.24x |
| RIOT | 21.0 | 3.3 | 23.00 | 125 (2027-03-19) | 66.92% | 15.71% | 1.22x |
| RIOT | 22.0 | 6.8 | 23.00 | 345 (2028-01-21) | 68.80% | 30.91% | 1.15x |
| RIOT | 20.0 | 5.7 | 23.00 | 345 (2028-01-21) | 72.83% | 28.50% | 1.15x |
| RIOT | 17.0 | 4.1 | 23.00 | 345 (2028-01-21) | 78.66% | 24.12% | 1.14x |
| RIOT | 19.5 | 0.05 | 23.00 | 5 (2026-10-02) | 95.13% | 0.26% | 1.13x |
| RIOT | 14.0 | 0.14 | 23.00 | 40 (2026-11-20) | 95.81% | 1.00% | 1.06x |
| RIOT | 14.0 | 0.08 | 23.00 | 25 (2026-10-30) | 97.19% | 0.57% | 1.06x |