Recommendation: HV
Current Price: $15.34
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 | 15.0 | 0.41 | 15.34 | 4 (2026-02-06) | 61.28% | 2.73% | 2.31x |
| RIOT | 15.0 | 0.73 | 15.34 | 9 (2026-02-13) | 59.00% | 4.87% | 2.21x |
| RIOT | 14.5 | 0.26 | 15.34 | 4 (2026-02-06) | 73.37% | 1.79% | 1.93x |
| RIOT | 15.0 | 0.95 | 15.34 | 14 (2026-02-20) | 58.55% | 6.33% | 1.93x |
| RIOT | 14.0 | 0.55 | 15.34 | 14 (2026-02-20) | 72.02% | 3.93% | 1.65x |
| RIOT | 14.0 | 1.1 | 15.34 | 34 (2026-03-20) | 67.93% | 7.86% | 1.47x |
| RIOT | 15.0 | 2.05 | 15.34 | 54 (2026-04-17) | 59.85% | 13.67% | 1.44x |
| RIOT | 13.0 | 0.3 | 15.34 | 14 (2026-02-20) | 84.02% | 2.31% | 1.41x |
| RIOT | 14.0 | 1.55 | 15.34 | 54 (2026-04-17) | 66.85% | 11.07% | 1.40x |
| RIOT | 13.5 | 0.09 | 15.34 | 4 (2026-02-06) | 89.54% | 0.67% | 1.35x |
| RIOT | 15.0 | 2.73 | 15.34 | 98 (2026-06-18) | 61.60% | 18.20% | 1.31x |
| RIOT | 10.0 | 0.16 | 15.34 | 19 (2026-02-27) | 93.48% | 1.60% | 1.22x |
| RIOT | 10.0 | 0.22 | 15.34 | 34 (2026-03-20) | 92.12% | 2.20% | 1.16x |
| RIOT | 8.0 | 0.1 | 15.34 | 34 (2026-03-20) | 97.13% | 1.25% | 1.09x |
| RIOT | 7.0 | 0.09 | 15.34 | 54 (2026-04-17) | 97.26% | 1.29% | 1.06x |