Recommendation: HV
Current Price: $5.73
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 | 5.5 | 0.12 | 5.73 | 8 (2026-04-02) | 68.01% | 2.18% | 1.59x |
| NIO | 5.5 | 0.17 | 5.73 | 14 (2026-04-10) | 65.51% | 3.09% | 1.43x |
| NIO | 5.5 | 0.27 | 5.73 | 24 (2026-04-24) | 63.00% | 4.91% | 1.38x |
| NIO | 5.5 | 0.31 | 5.73 | 29 (2026-05-01) | 62.43% | 5.64% | 1.35x |
| NIO | 5.5 | 0.54 | 5.73 | 63 (2026-06-18) | 61.49% | 9.82% | 1.26x |
| NIO | 3.0 | 0.02 | 5.73 | 8 (2026-04-02) | 97.34% | 0.67% | 1.23x |
| NIO | 5.0 | 0.2 | 5.73 | 39 (2026-05-15) | 78.07% | 4.00% | 1.22x |
| NIO | 5.0 | 0.14 | 5.73 | 29 (2026-05-01) | 79.56% | 2.80% | 1.21x |
| NIO | 5.0 | 0.31 | 5.73 | 63 (2026-06-18) | 73.50% | 6.20% | 1.20x |
| NIO | 3.0 | 0.01 | 5.73 | 4 (2026-03-27) | 98.39% | 0.33% | 1.18x |
| NIO | 5.0 | 0.05 | 5.73 | 14 (2026-04-10) | 86.78% | 1.00% | 1.17x |
| NIO | 5.0 | 0.45 | 5.73 | 109 (2026-08-21) | 71.40% | 9.00% | 1.15x |
| NIO | 3.5 | 0.01 | 5.73 | 4 (2026-03-27) | 97.80% | 0.29% | 1.15x |
| NIO | 4.5 | 0.02 | 5.73 | 8 (2026-04-02) | 94.23% | 0.44% | 1.14x |
| NIO | 4.5 | 0.18 | 5.73 | 63 (2026-06-18) | 83.16% | 4.00% | 1.14x |
| NIO | 4.0 | 0.01 | 5.73 | 4 (2026-03-27) | 97.32% | 0.25% | 1.13x |
| NIO | 4.5 | 0.01 | 5.73 | 4 (2026-03-27) | 97.21% | 0.22% | 1.11x |
| NIO | 5.0 | 0.01 | 5.73 | 4 (2026-03-27) | 95.62% | 0.20% | 1.10x |
| NIO | 3.5 | 0.03 | 5.73 | 29 (2026-05-01) | 96.04% | 0.86% | 1.07x |
| NIO | 4.0 | 0.02 | 5.73 | 19 (2026-04-17) | 96.33% | 0.50% | 1.07x |
| NIO | 2.0 | 0.02 | 5.73 | 39 (2026-05-15) | 98.45% | 1.00% | 1.07x |
| NIO | 2.0 | 0.04 | 5.73 | 109 (2026-08-21) | 97.55% | 2.00% | 1.05x |