Recommendation: HV
Current Price: $3.59
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 | 3.5 | 0.07 | 3.59 | 10 (2026-10-09) | 64.41% | 2.00% | 1.38x |
| NIO | 3.0 | 0.02 | 3.59 | 5 (2026-10-02) | 92.89% | 0.67% | 1.36x |
| NIO | 3.5 | 0.09 | 3.59 | 15 (2026-10-16) | 62.51% | 2.57% | 1.31x |
| NIO | 3.5 | 0.19 | 3.59 | 30 (2026-11-06) | 59.48% | 5.43% | 1.31x |
| NIO | 3.5 | 0.12 | 3.59 | 20 (2026-10-23) | 61.18% | 3.43% | 1.30x |
| NIO | 3.5 | 0.02 | 3.59 | 5 (2026-10-02) | 76.31% | 0.57% | 1.25x |
| NIO | 3.5 | 0.12 | 3.59 | 25 (2026-10-30) | 61.34% | 3.43% | 1.23x |
| NIO | 3.5 | 0.34 | 3.59 | 80 (2027-01-15) | 59.39% | 9.71% | 1.19x |
| NIO | 0.5 | 0.02 | 3.59 | 80 (2027-01-15) | 99.05% | 4.00% | 1.13x |
| NIO | 3.0 | 0.15 | 3.59 | 80 (2027-01-15) | 78.31% | 5.00% | 1.13x |
| NIO | 3.0 | 0.23 | 3.59 | 125 (2027-03-19) | 75.27% | 7.67% | 1.12x |
| NIO | 3.0 | 0.18 | 3.59 | 105 (2027-02-19) | 76.96% | 6.00% | 1.11x |
| NIO | 3.0 | 0.05 | 3.59 | 40 (2026-11-20) | 86.18% | 1.67% | 1.09x |
| NIO | 3.0 | 0.01 | 3.59 | 10 (2026-10-09) | 96.33% | 0.33% | 1.08x |
| NIO | 2.5 | 0.06 | 3.59 | 80 (2027-01-15) | 90.28% | 2.40% | 1.07x |
| NIO | 2.0 | 0.02 | 3.59 | 40 (2026-11-20) | 96.41% | 1.00% | 1.06x |
| NIO | 2.0 | 0.03 | 3.59 | 80 (2027-01-15) | 95.16% | 1.50% | 1.05x |
| NIO | 1.5 | 0.02 | 3.59 | 80 (2027-01-15) | 97.53% | 1.33% | 1.04x |
| NIO | 1.0 | 0.01 | 3.59 | 80 (2027-01-15) | 99.34% | 1.00% | 1.03x |