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 | 8 (2026-08-21) | 96.46% | 2.00% | 1.83x |
| NIO | 4.5 | 0.1 | 4.54 | 8 (2026-08-21) | 55.74% | 2.22% | 1.47x |
| NIO | 4.5 | 0.03 | 4.54 | 3 (2026-08-14) | 62.91% | 0.67% | 1.23x |
| NIO | 3.0 | 0.02 | 4.54 | 8 (2026-08-21) | 96.05% | 0.67% | 1.22x |
| NIO | 4.0 | 0.02 | 4.54 | 8 (2026-08-21) | 92.18% | 0.50% | 1.16x |
| NIO | 4.0 | 0.36 | 4.54 | 113 (2027-01-15) | 70.67% | 9.00% | 1.15x |
| NIO | 3.5 | 0.21 | 4.54 | 113 (2027-01-15) | 81.32% | 6.00% | 1.11x |
| NIO | 3.5 | 0.01 | 4.54 | 8 (2026-08-21) | 97.41% | 0.29% | 1.09x |
| NIO | 0.5 | 0.02 | 4.54 | 113 (2027-01-15) | 99.23% | 4.00% | 1.09x |
| NIO | 3.0 | 0.11 | 4.54 | 113 (2027-01-15) | 89.24% | 3.67% | 1.07x |
| NIO | 3.0 | 0.02 | 4.54 | 28 (2026-09-18) | 95.80% | 0.67% | 1.06x |
| NIO | 3.5 | 0.01 | 4.54 | 13 (2026-08-28) | 96.72% | 0.29% | 1.05x |
| NIO | 1.0 | 0.02 | 4.54 | 113 (2027-01-15) | 99.01% | 2.00% | 1.04x |
| NIO | 3.5 | 0.01 | 4.54 | 18 (2026-09-04) | 97.43% | 0.29% | 1.04x |
| NIO | 3.5 | 0.01 | 4.54 | 33 (2026-09-25) | 97.27% | 0.29% | 1.02x |