Recommendation: HV
Current Price: $6.48
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 | 0.22 | 6.48 | 23 (2026-06-12) | 78.64% | 4.00% | 1.40x |
| NIO | 5.0 | 0.08 | 6.48 | 23 (2026-06-12) | 89.71% | 1.60% | 1.17x |
| NIO | 4.0 | 0.02 | 6.48 | 8 (2026-05-22) | 96.98% | 0.50% | 1.16x |
| NIO | 5.0 | 0.06 | 6.48 | 18 (2026-06-05) | 91.18% | 1.20% | 1.16x |
| NIO | 5.0 | 0.04 | 6.48 | 13 (2026-05-29) | 92.65% | 0.80% | 1.15x |
| NIO | 5.0 | 0.5 | 6.48 | 138 (2026-11-20) | 78.46% | 10.00% | 1.15x |
| NIO | 5.0 | 0.62 | 6.48 | 178 (2027-01-15) | 77.55% | 12.40% | 1.14x |
| NIO | 4.0 | 0.01 | 6.48 | 3 (2026-05-15) | 98.75% | 0.25% | 1.13x |
| NIO | 4.5 | 0.03 | 6.48 | 13 (2026-05-29) | 95.21% | 0.67% | 1.13x |
| NIO | 4.5 | 0.01 | 6.48 | 3 (2026-05-15) | 98.71% | 0.22% | 1.12x |
| NIO | 5.0 | 0.01 | 6.48 | 8 (2026-05-22) | 97.37% | 0.20% | 1.06x |
| NIO | 2.5 | 0.01 | 6.48 | 27 (2026-06-18) | 99.30% | 0.40% | 1.04x |
| NIO | 3.0 | 0.01 | 6.48 | 27 (2026-06-18) | 99.26% | 0.33% | 1.03x |