Recommendation: ST
Current Price: $563.51
Total Wheels: 1
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 |
|---|---|---|---|---|---|---|---|
| SPY | 563.0 | 5.75 | 563.51 | 5 (2025-05-12) | 52.08% | 1.02% | 1.31x |
| SPY | 562.0 | 5.36 | 563.51 | 5 (2025-05-12) | 54.66% | 0.95% | 1.30x |
| SPY | 563.0 | 6.39 | 563.51 | 6 (2025-05-13) | 52.03% | 1.13% | 1.28x |
| SPY | 560.0 | 4.6 | 563.51 | 5 (2025-05-12) | 59.56% | 0.82% | 1.28x |
| SPY | 561.0 | 4.77 | 563.51 | 5 (2025-05-12) | 57.38% | 0.85% | 1.28x |
| SPY | 562.0 | 5.91 | 563.51 | 6 (2025-05-13) | 54.40% | 1.05% | 1.27x |
| SPY | 559.0 | 4.28 | 563.51 | 5 (2025-05-12) | 61.95% | 0.77% | 1.27x |
| SPY | 561.0 | 5.56 | 563.51 | 6 (2025-05-13) | 56.68% | 0.99% | 1.27x |
| SPY | 562.5 | 4.89 | 563.51 | 4 (2025-05-09) | 53.63% | 0.87% | 1.26x |
| SPY | 562.0 | 4.65 | 563.51 | 4 (2025-05-09) | 55.10% | 0.83% | 1.26x |
| SPY | 560.0 | 5.17 | 563.51 | 6 (2025-05-13) | 58.94% | 0.92% | 1.26x |
| SPY | 558.0 | 3.93 | 563.51 | 5 (2025-05-12) | 64.28% | 0.70% | 1.26x |
| SPY | 561.0 | 4.32 | 563.51 | 4 (2025-05-09) | 57.87% | 0.77% | 1.25x |
| SPY | 559.0 | 4.9 | 563.51 | 6 (2025-05-13) | 60.93% | 0.88% | 1.25x |
| SPY | 563.0 | 6.74 | 563.51 | 7 (2025-05-14) | 52.02% | 1.20% | 1.25x |
| SPY | 562.0 | 6.41 | 563.51 | 7 (2025-05-14) | 54.21% | 1.14% | 1.25x |
| SPY | 561.0 | 5.99 | 563.51 | 7 (2025-05-14) | 56.38% | 1.07% | 1.24x |
| SPY | 557.0 | 3.58 | 563.51 | 5 (2025-05-12) | 66.59% | 0.64% | 1.24x |
| SPY | 560.0 | 5.7 | 563.51 | 7 (2025-05-14) | 58.42% | 1.02% | 1.24x |
| SPY | 560.0 | 3.91 | 563.51 | 4 (2025-05-09) | 60.67% | 0.70% | 1.24x |
| SPY | 563.0 | 7.33 | 563.51 | 8 (2025-05-15) | 52.00% | 1.30% | 1.24x |
| SPY | 558.0 | 4.4 | 563.51 | 6 (2025-05-13) | 63.35% | 0.79% | 1.23x |
| SPY | 562.0 | 6.9 | 563.51 | 8 (2025-05-15) | 54.05% | 1.23% | 1.23x |
| SPY | 559.0 | 3.65 | 563.51 | 4 (2025-05-09) | 63.15% | 0.65% | 1.23x |
| SPY | 556.0 | 3.34 | 563.51 | 5 (2025-05-12) | 68.60% | 0.60% | 1.23x |
| SPY | 557.0 | 4.2 | 563.51 | 6 (2025-05-13) | 65.25% | 0.75% | 1.23x |
| SPY | 561.0 | 6.56 | 563.51 | 8 (2025-05-15) | 56.04% | 1.17% | 1.23x |
| SPY | 558.0 | 4.97 | 563.51 | 7 (2025-05-14) | 62.47% | 0.89% | 1.22x |
| SPY | 556.0 | 3.94 | 563.51 | 6 (2025-05-13) | 67.11% | 0.71% | 1.22x |
| SPY | 560.0 | 6.1 | 563.51 | 8 (2025-05-15) | 58.07% | 1.09% | 1.22x |
| SPY | 563.0 | 7.59 | 563.51 | 9 (2025-05-16) | 52.01% | 1.35% | 1.22x |
| SPY | 555.0 | 3.05 | 563.51 | 5 (2025-05-12) | 70.72% | 0.55% | 1.22x |
| SPY | 561.0 | 3.68 | 563.51 | 3 (2025-05-08) | 58.74% | 0.66% | 1.21x |
| SPY | 558.0 | 3.26 | 563.51 | 4 (2025-05-09) | 65.86% | 0.58% | 1.21x |
| SPY | 562.0 | 7.22 | 563.51 | 9 (2025-05-16) | 53.98% | 1.28% | 1.21x |
| SPY | 557.5 | 3.21 | 563.51 | 4 (2025-05-09) | 66.81% | 0.58% | 1.21x |
| SPY | 555.0 | 3.69 | 563.51 | 6 (2025-05-13) | 68.91% | 0.66% | 1.21x |
| SPY | 558.0 | 5.48 | 563.51 | 8 (2025-05-15) | 61.76% | 0.98% | 1.21x |
| SPY | 561.0 | 6.85 | 563.51 | 9 (2025-05-16) | 55.90% | 1.22% | 1.21x |
| SPY | 557.0 | 4.57 | 563.51 | 7 (2025-05-14) | 64.53% | 0.82% | 1.21x |
| SPY | 560.0 | 6.49 | 563.51 | 9 (2025-05-16) | 57.77% | 1.16% | 1.21x |
| SPY | 554.0 | 2.82 | 563.51 | 5 (2025-05-12) | 72.59% | 0.51% | 1.20x |
| SPY | 557.0 | 2.99 | 563.51 | 4 (2025-05-09) | 68.22% | 0.54% | 1.20x |
| SPY | 559.0 | 6.16 | 563.51 | 9 (2025-05-16) | 59.58% | 1.10% | 1.20x |
| SPY | 560.0 | 3.28 | 563.51 | 3 (2025-05-08) | 61.92% | 0.59% | 1.20x |
| SPY | 556.0 | 4.24 | 563.51 | 7 (2025-05-14) | 66.47% | 0.76% | 1.20x |
| SPY | 558.0 | 5.86 | 563.51 | 9 (2025-05-16) | 61.31% | 1.05% | 1.20x |
| SPY | 556.0 | 4.82 | 563.51 | 8 (2025-05-15) | 65.37% | 0.87% | 1.19x |
| SPY | 555.0 | 4.01 | 563.51 | 7 (2025-05-14) | 68.16% | 0.72% | 1.19x |
| SPY | 557.0 | 5.57 | 563.51 | 9 (2025-05-16) | 62.99% | 1.00% | 1.19x |
| SPY | 556.0 | 2.76 | 563.51 | 4 (2025-05-09) | 70.39% | 0.50% | 1.19x |
| SPY | 559.0 | 2.99 | 563.51 | 3 (2025-05-08) | 64.77% | 0.53% | 1.19x |
| SPY | 555.0 | 4.54 | 563.51 | 8 (2025-05-15) | 67.04% | 0.82% | 1.19x |
| SPY | 556.0 | 5.26 | 563.51 | 9 (2025-05-16) | 64.65% | 0.95% | 1.19x |
| SPY | 554.0 | 3.77 | 563.51 | 7 (2025-05-14) | 69.84% | 0.68% | 1.19x |
| SPY | 555.0 | 4.96 | 563.51 | 9 (2025-05-16) | 66.28% | 0.89% | 1.18x |
| SPY | 559.0 | 4.8 | 563.51 | 8 (2025-05-15) | 61.18% | 0.86% | 1.18x |
| SPY | 558.0 | 2.71 | 563.51 | 3 (2025-05-08) | 67.52% | 0.49% | 1.18x |
| SPY | 557.0 | 4.51 | 563.51 | 8 (2025-05-15) | 64.67% | 0.81% | 1.18x |
| SPY | 559.0 | 4.08 | 563.51 | 7 (2025-05-14) | 62.36% | 0.73% | 1.18x |
| SPY | 554.0 | 2.98 | 563.51 | 6 (2025-05-13) | 72.09% | 0.54% | 1.18x |
| SPY | 554.0 | 4.7 | 563.51 | 9 (2025-05-16) | 67.76% | 0.85% | 1.17x |
| SPY | 563.0 | 9.55 | 563.51 | 14 (2025-05-23) | 52.04% | 1.70% | 1.17x |
| SPY | 562.0 | 9.18 | 563.51 | 14 (2025-05-23) | 53.63% | 1.63% | 1.17x |
| SPY | 554.0 | 3.95 | 563.51 | 8 (2025-05-15) | 69.41% | 0.71% | 1.17x |
| SPY | 561.0 | 8.71 | 563.51 | 14 (2025-05-23) | 55.21% | 1.55% | 1.17x |
| SPY | 560.0 | 8.45 | 563.51 | 14 (2025-05-23) | 56.69% | 1.51% | 1.17x |
| SPY | 557.0 | 2.38 | 563.51 | 3 (2025-05-08) | 70.40% | 0.43% | 1.16x |
| SPY | 562.5 | 8.86 | 563.51 | 14 (2025-05-23) | 52.90% | 1.58% | 1.16x |
| SPY | 559.0 | 7.92 | 563.51 | 14 (2025-05-23) | 58.28% | 1.42% | 1.16x |
| SPY | 557.0 | 7.44 | 563.51 | 14 (2025-05-23) | 61.02% | 1.34% | 1.16x |
| SPY | 560.0 | 2.48 | 563.51 | 2 (2025-05-07) | 64.14% | 0.44% | 1.15x |
| SPY | 556.0 | 2.16 | 563.51 | 3 (2025-05-08) | 72.79% | 0.39% | 1.15x |
| SPY | 558.0 | 7.38 | 563.51 | 14 (2025-05-23) | 59.91% | 1.32% | 1.15x |
| SPY | 556.0 | 7.03 | 563.51 | 14 (2025-05-23) | 62.49% | 1.26% | 1.15x |
| SPY | 559.0 | 2.17 | 563.51 | 2 (2025-05-07) | 67.61% | 0.39% | 1.14x |
| SPY | 555.0 | 1.92 | 563.51 | 3 (2025-05-08) | 75.20% | 0.35% | 1.14x |
| SPY | 557.5 | 6.64 | 563.51 | 14 (2025-05-23) | 61.20% | 1.19% | 1.14x |
| SPY | 558.0 | 1.92 | 563.51 | 2 (2025-05-07) | 70.77% | 0.34% | 1.13x |
| SPY | 554.0 | 1.73 | 563.51 | 3 (2025-05-08) | 77.37% | 0.31% | 1.13x |
| SPY | 557.0 | 1.65 | 563.51 | 2 (2025-05-07) | 73.97% | 0.30% | 1.12x |
| SPY | 556.0 | 1.45 | 563.51 | 2 (2025-05-07) | 76.72% | 0.26% | 1.11x |
| SPY | 555.0 | 1.25 | 563.51 | 2 (2025-05-07) | 79.34% | 0.23% | 1.09x |
| SPY | 554.0 | 1.09 | 563.51 | 2 (2025-05-07) | 81.62% | 0.20% | 1.08x |
| SPY | 558.0 | 0.75 | 563.51 | 1 (2025-05-06) | 79.94% | 0.13% | 1.06x |
| SPY | 557.0 | 0.6 | 563.51 | 1 (2025-05-06) | 83.04% | 0.11% | 1.05x |
| SPY | 556.0 | 0.48 | 563.51 | 1 (2025-05-06) | 86.48% | 0.09% | 1.04x |
| SPY | 555.0 | 0.38 | 563.51 | 1 (2025-05-06) | 88.94% | 0.07% | 1.03x |
| SPY | 554.0 | 0.31 | 563.51 | 1 (2025-05-06) | 90.78% | 0.06% | 1.03x |