Recommendation: HV
Current Price: $3.43
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 | 1.0 | 0.01 | 3.43 | 8 (2025-07-03) | 98.70% | 1.00% | 1.36x |
| NIO | 1.0 | 0.12 | 3.43 | 109 (2025-11-21) E | 95.24% | 12.00% | 1.28x |
| NIO | 3.0 | 0.09 | 3.43 | 29 (2025-08-01) | 78.20% | 3.00% | 1.22x |
| NIO | 3.0 | 0.07 | 3.43 | 24 (2025-07-25) | 80.94% | 2.33% | 1.22x |
| NIO | 3.0 | 0.21 | 3.43 | 64 (2025-09-19) E | 72.57% | 7.00% | 1.22x |
| NIO | 3.0 | 0.12 | 3.43 | 39 (2025-08-15) | 76.30% | 4.00% | 1.21x |
| NIO | 3.0 | 0.05 | 3.43 | 19 (2025-07-18) | 83.23% | 1.67% | 1.20x |
| NIO | 3.0 | 0.31 | 3.43 | 109 (2025-11-21) E | 70.68% | 10.33% | 1.18x |
| NIO | 3.0 | 0.01 | 3.43 | 4 (2025-06-27) | 92.15% | 0.33% | 1.17x |
| NIO | 3.0 | 0.39 | 3.43 | 149 (2026-01-16) E | 70.19% | 13.00% | 1.16x |
| NIO | 2.5 | 0.09 | 3.43 | 64 (2025-09-19) E | 86.78% | 3.60% | 1.13x |
| NIO | 2.5 | 0.16 | 3.43 | 109 (2025-11-21) E | 83.18% | 6.40% | 1.13x |
| NIO | 1.0 | 0.07 | 3.43 | 149 (2026-01-16) E | 96.23% | 7.00% | 1.12x |
| NIO | 3.0 | 0.02 | 3.43 | 14 (2025-07-11) | 90.45% | 0.67% | 1.11x |
| NIO | 3.0 | 0.01 | 3.43 | 8 (2025-07-03) | 93.27% | 0.33% | 1.10x |
| NIO | 2.5 | 0.03 | 3.43 | 29 (2025-08-01) | 92.36% | 1.20% | 1.10x |
| NIO | 2.0 | 0.11 | 3.43 | 149 (2026-01-16) E | 89.99% | 5.50% | 1.09x |
| NIO | 2.0 | 0.07 | 3.43 | 109 (2025-11-21) E | 91.77% | 3.50% | 1.08x |
| NIO | 1.5 | 0.07 | 3.43 | 149 (2026-01-16) E | 94.58% | 4.67% | 1.08x |
| NIO | 0.5 | 0.02 | 3.43 | 149 (2026-01-16) E | 98.95% | 4.00% | 1.07x |
| NIO | 2.0 | 0.03 | 3.43 | 64 (2025-09-19) E | 95.39% | 1.50% | 1.06x |