Recommendation: HV
Current Price: $4.54
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 | 2.0 | 0.04 | 4.54 | 7 (2026-08-21) | 96.70% | 2.00% | 1.99x |
| NIO | 4.5 | 0.18 | 4.54 | 12 (2026-08-28) | 55.47% | 4.00% | 1.59x |
| NIO | 4.5 | 0.1 | 4.54 | 7 (2026-08-21) | 55.87% | 2.22% | 1.56x |
| NIO | 4.5 | 0.21 | 4.54 | 17 (2026-09-04) | 55.44% | 4.67% | 1.46x |
| NIO | 4.5 | 0.24 | 4.54 | 22 (2026-09-11) | 55.47% | 5.33% | 1.40x |
| NIO | 4.5 | 0.3 | 4.54 | 32 (2026-09-25) | 55.77% | 6.67% | 1.33x |
| NIO | 3.0 | 0.02 | 4.54 | 7 (2026-08-21) | 95.78% | 0.67% | 1.26x |
| NIO | 4.5 | 0.03 | 4.54 | 2 (2026-08-14) | 62.64% | 0.67% | 1.23x |
| NIO | 4.0 | 0.27 | 4.54 | 72 (2026-11-20) | 72.02% | 6.75% | 1.18x |
| NIO | 4.0 | 0.02 | 4.54 | 7 (2026-08-21) | 91.17% | 0.50% | 1.18x |
| NIO | 4.0 | 0.07 | 4.54 | 22 (2026-09-11) | 81.75% | 1.75% | 1.18x |
| NIO | 4.0 | 0.05 | 4.54 | 17 (2026-09-04) | 84.37% | 1.25% | 1.17x |
| NIO | 4.0 | 0.39 | 4.54 | 112 (2027-01-15) | 70.34% | 9.75% | 1.16x |
| NIO | 4.0 | 0.06 | 4.54 | 27 (2026-09-18) | 83.92% | 1.50% | 1.12x |
| NIO | 3.5 | 0.21 | 4.54 | 112 (2027-01-15) | 81.18% | 6.00% | 1.11x |
| NIO | 3.0 | 0.2 | 4.54 | 137 (2027-02-19) | 86.71% | 6.67% | 1.11x |
| NIO | 3.5 | 0.01 | 4.54 | 7 (2026-08-21) | 96.36% | 0.29% | 1.10x |
| NIO | 0.5 | 0.02 | 4.54 | 112 (2027-01-15) | 99.24% | 4.00% | 1.09x |
| NIO | 3.0 | 0.12 | 4.54 | 112 (2027-01-15) | 88.89% | 4.00% | 1.08x |
| NIO | 3.0 | 0.02 | 4.54 | 27 (2026-09-18) | 96.04% | 0.67% | 1.06x |
| NIO | 3.5 | 0.01 | 4.54 | 12 (2026-08-28) | 97.19% | 0.29% | 1.06x |
| NIO | 1.0 | 0.02 | 4.54 | 112 (2027-01-15) | 99.02% | 2.00% | 1.05x |
| NIO | 3.0 | 0.04 | 4.54 | 72 (2026-11-20) | 94.05% | 1.33% | 1.04x |
| NIO | 2.0 | 0.04 | 4.54 | 112 (2027-01-15) | 96.74% | 2.00% | 1.04x |
| NIO | 3.5 | 0.01 | 4.54 | 17 (2026-09-04) | 97.72% | 0.29% | 1.04x |
| NIO | 3.5 | 0.01 | 4.54 | 32 (2026-09-25) | 97.44% | 0.29% | 1.02x |