Recommendation: HV
Current Price: $3.98
Total Wheels: 19
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 |
|---|---|---|---|---|---|---|---|
| NIO | 1.5 | 0.1 | 3.98 | 9 (2025-05-16) | 96.12% | 6.67% | 5.69x |
| NIO | 1.0 | 0.04 | 3.98 | 9 (2025-05-16) | 98.43% | 4.00% | 2.95x |
| NIO | 1.5 | 0.02 | 3.98 | 4 (2025-05-09) | 98.33% | 1.33% | 1.93x |
| NIO | 3.5 | 0.14 | 3.98 | 24 (2025-06-06) E | 75.69% | 4.00% | 1.37x |
| NIO | 3.5 | 0.16 | 3.98 | 29 (2025-06-13) E | 74.69% | 4.57% | 1.34x |
| NIO | 3.5 | 0.07 | 3.98 | 14 (2025-05-23) | 81.13% | 2.00% | 1.34x |
| NIO | 3.5 | 0.19 | 3.98 | 34 (2025-06-20) E | 73.39% | 5.43% | 1.34x |
| NIO | 3.5 | 0.04 | 3.98 | 9 (2025-05-16) | 85.63% | 1.14% | 1.31x |
| NIO | 3.5 | 0.09 | 3.98 | 19 (2025-05-30) | 79.19% | 2.57% | 1.31x |
| NIO | 3.5 | 0.02 | 3.98 | 4 (2025-05-09) | 91.30% | 0.57% | 1.30x |
| NIO | 3.5 | 0.32 | 3.98 | 74 (2025-08-15) E | 70.70% | 9.14% | 1.24x |
| NIO | 3.5 | 0.4 | 3.98 | 99 (2025-09-19) E | 70.05% | 11.43% | 1.22x |
| NIO | 2.5 | 0.01 | 3.98 | 4 (2025-05-09) | 97.18% | 0.40% | 1.22x |
| NIO | 3.0 | 0.09 | 3.98 | 34 (2025-06-20) E | 86.45% | 3.00% | 1.21x |
| NIO | 3.0 | 0.02 | 3.98 | 9 (2025-05-16) | 93.82% | 0.67% | 1.19x |
| NIO | 3.0 | 0.03 | 3.98 | 14 (2025-05-23) | 92.34% | 1.00% | 1.18x |
| NIO | 3.0 | 0.18 | 3.98 | 74 (2025-08-15) E | 82.36% | 6.00% | 1.18x |
| NIO | 3.0 | 0.01 | 3.98 | 4 (2025-05-09) | 96.49% | 0.33% | 1.18x |
| NIO | 3.0 | 0.24 | 3.98 | 99 (2025-09-19) E | 80.55% | 8.00% | 1.17x |
| NIO | 3.0 | 0.04 | 3.98 | 24 (2025-06-06) E | 91.86% | 1.33% | 1.14x |
| NIO | 3.0 | 0.03 | 3.98 | 19 (2025-05-30) | 92.38% | 1.00% | 1.13x |
| NIO | 2.5 | 0.04 | 3.98 | 34 (2025-06-20) E | 94.09% | 1.60% | 1.12x |
| NIO | 2.5 | 0.01 | 3.98 | 9 (2025-05-16) | 97.82% | 0.40% | 1.12x |
| NIO | 2.0 | 0.01 | 3.98 | 14 (2025-05-23) | 98.02% | 0.50% | 1.09x |
| NIO | 2.0 | 0.04 | 3.98 | 74 (2025-08-15) E | 95.89% | 2.00% | 1.07x |