Recommendation: HV
Current Price: $28.41
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 | 28.0 | 1.0 | 28.41 | 4 (2026-07-02) | 57.57% | 3.57% | 2.79x |
| RIOT | 27.5 | 0.79 | 28.41 | 4 (2026-07-02) | 63.98% | 2.87% | 2.50x |
| RIOT | 27.0 | 0.62 | 28.41 | 4 (2026-07-02) | 70.02% | 2.30% | 2.23x |
| RIOT | 27.5 | 1.34 | 28.41 | 10 (2026-07-10) | 61.27% | 4.87% | 2.10x |
| RIOT | 26.5 | 0.48 | 28.41 | 4 (2026-07-02) | 75.55% | 1.81% | 1.98x |
| RIOT | 27.0 | 1.13 | 28.41 | 10 (2026-07-10) | 65.63% | 4.19% | 1.98x |
| RIOT | 28.0 | 2.03 | 28.41 | 15 (2026-07-17) | 56.93% | 7.25% | 1.97x |
| RIOT | 27.0 | 1.54 | 28.41 | 15 (2026-07-17) | 64.02% | 5.70% | 1.83x |
| RIOT | 26.0 | 0.37 | 28.41 | 4 (2026-07-02) | 80.11% | 1.42% | 1.77x |
| RIOT | 26.0 | 1.19 | 28.41 | 15 (2026-07-17) | 70.61% | 4.58% | 1.71x |
| RIOT | 26.5 | 2.08 | 28.41 | 25 (2026-07-31) | 65.38% | 7.85% | 1.66x |
| RIOT | 24.0 | 1.6 | 28.41 | 25 (2026-07-31) | 75.22% | 6.67% | 1.64x |
| RIOT | 25.5 | 0.65 | 28.41 | 10 (2026-07-10) | 77.37% | 2.55% | 1.64x |
| RIOT | 27.0 | 3.95 | 28.41 | 60 (2026-09-18) | 63.15% | 14.63% | 1.45x |
| RIOT | 25.0 | 2.96 | 28.41 | 60 (2026-09-18) | 69.76% | 11.84% | 1.40x |
| RIOT | 24.0 | 2.6 | 28.41 | 60 (2026-09-18) | 72.87% | 10.83% | 1.38x |
| RIOT | 23.0 | 2.13 | 28.41 | 60 (2026-09-18) | 76.21% | 9.26% | 1.33x |
| RIOT | 28.0 | 6.4 | 28.41 | 125 (2026-12-18) | 62.93% | 22.86% | 1.31x |
| RIOT | 25.0 | 4.75 | 28.41 | 125 (2026-12-18) | 69.84% | 19.00% | 1.29x |
| RIOT | 28.0 | 6.8 | 28.41 | 145 (2027-01-15) | 63.64% | 24.29% | 1.28x |
| RIOT | 23.0 | 3.55 | 28.41 | 125 (2026-12-18) | 74.52% | 15.43% | 1.25x |
| RIOT | 21.0 | 3.0 | 28.41 | 125 (2026-12-18) | 78.83% | 14.29% | 1.24x |
| RIOT | 22.0 | 3.65 | 28.41 | 145 (2027-01-15) | 76.56% | 16.59% | 1.23x |
| RIOT | 25.0 | 8.45 | 28.41 | 410 (2028-01-21) | 73.91% | 33.80% | 1.15x |
| RIOT | 20.0 | 5.7 | 28.41 | 410 (2028-01-21) | 80.72% | 28.50% | 1.14x |