Recommendation: HV
Current Price: $5.04
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 | 5.0 | 0.17 | 5.04 | 5 (2026-02-13) | 55.27% | 3.40% | 2.56x |
| NIO | 5.0 | 0.22 | 5.04 | 10 (2026-02-20) | 55.12% | 4.40% | 1.83x |
| NIO | 5.0 | 0.32 | 5.04 | 20 (2026-03-06) | 55.37% | 6.40% | 1.55x |
| NIO | 5.0 | 0.38 | 5.04 | 30 (2026-03-20) | 55.74% | 7.60% | 1.42x |
| NIO | 4.5 | 0.03 | 5.04 | 5 (2026-02-13) | 88.07% | 0.67% | 1.34x |
| NIO | 2.5 | 0.03 | 5.04 | 10 (2026-02-20) | 97.14% | 1.20% | 1.34x |
| NIO | 4.5 | 0.13 | 5.04 | 20 (2026-03-06) | 77.11% | 2.89% | 1.32x |
| NIO | 4.5 | 0.09 | 5.04 | 15 (2026-02-27) | 79.71% | 2.00% | 1.30x |
| NIO | 5.0 | 0.6 | 5.04 | 70 (2026-05-15) | 57.38% | 12.00% | 1.27x |
| NIO | 4.5 | 0.05 | 5.04 | 10 (2026-02-20) | 84.95% | 1.11% | 1.27x |
| NIO | 5.0 | 0.72 | 5.04 | 94 (2026-06-18) | 58.56% | 14.40% | 1.24x |
| NIO | 4.5 | 0.47 | 5.04 | 94 (2026-06-18) | 69.01% | 10.44% | 1.21x |
| NIO | 5.0 | 0.87 | 5.04 | 140 (2026-08-21) | 59.98% | 17.40% | 1.20x |
| NIO | 1.5 | 0.01 | 5.04 | 10 (2026-02-20) | 99.21% | 0.67% | 1.18x |
| NIO | 4.0 | 0.08 | 5.04 | 30 (2026-03-20) | 87.44% | 2.00% | 1.16x |
| NIO | 4.0 | 0.28 | 5.04 | 94 (2026-06-18) | 78.91% | 7.00% | 1.16x |
| NIO | 4.0 | 0.2 | 5.04 | 70 (2026-05-15) | 80.29% | 5.00% | 1.15x |
| NIO | 5.0 | 1.17 | 5.04 | 245 (2027-01-15) | 63.00% | 23.40% | 1.15x |
| NIO | 4.0 | 0.4 | 5.04 | 140 (2026-08-21) | 76.65% | 10.00% | 1.14x |
| NIO | 4.5 | 0.86 | 5.04 | 245 (2027-01-15) | 69.15% | 19.11% | 1.14x |
| NIO | 4.0 | 0.01 | 5.04 | 5 (2026-02-13) | 96.93% | 0.25% | 1.13x |
| NIO | 4.0 | 0.63 | 5.04 | 245 (2027-01-15) | 75.62% | 15.75% | 1.12x |
| NIO | 3.5 | 0.16 | 5.04 | 94 (2026-06-18) | 86.96% | 4.57% | 1.11x |
| NIO | 3.5 | 0.44 | 5.04 | 245 (2027-01-15) | 81.69% | 12.57% | 1.11x |
| NIO | 3.0 | 0.31 | 5.04 | 245 (2027-01-15) | 86.82% | 10.33% | 1.09x |
| NIO | 3.0 | 0.01 | 5.04 | 10 (2026-02-20) | 98.37% | 0.33% | 1.09x |
| NIO | 3.0 | 0.09 | 5.04 | 94 (2026-06-18) | 92.13% | 3.00% | 1.08x |
| NIO | 3.5 | 0.01 | 5.04 | 10 (2026-02-20) | 96.91% | 0.29% | 1.07x |
| NIO | 4.0 | 0.01 | 5.04 | 10 (2026-02-20) | 96.81% | 0.25% | 1.06x |
| NIO | 3.5 | 0.01 | 5.04 | 15 (2026-02-27) | 97.81% | 0.29% | 1.05x |
| NIO | 2.0 | 0.03 | 5.04 | 140 (2026-08-21) | 97.78% | 1.50% | 1.03x |