Recommendation: ST
Current Price: $772.49
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 | 771.0 | 6.37 | 772.49 | 14 (2026-08-31) | 54.39% | 0.83% | 1.08x |
| SPY | 770.0 | 5.57 | 772.49 | 13 (2026-08-28) | 56.82% | 0.72% | 1.08x |
| SPY | 770.0 | 6.0 | 772.49 | 14 (2026-08-31) | 56.48% | 0.78% | 1.08x |
| SPY | 769.0 | 5.22 | 772.49 | 13 (2026-08-28) | 59.00% | 0.68% | 1.08x |
| SPY | 769.0 | 5.65 | 772.49 | 14 (2026-08-31) | 58.57% | 0.73% | 1.08x |
| SPY | 768.0 | 5.33 | 772.49 | 14 (2026-08-31) | 60.54% | 0.69% | 1.08x |
| SPY | 768.0 | 4.9 | 772.49 | 13 (2026-08-28) | 61.03% | 0.64% | 1.08x |
| SPY | 767.0 | 5.02 | 772.49 | 14 (2026-08-31) | 62.46% | 0.65% | 1.08x |
| SPY | 767.0 | 4.6 | 772.49 | 13 (2026-08-28) | 63.18% | 0.60% | 1.08x |
| SPY | 766.0 | 4.73 | 772.49 | 14 (2026-08-31) | 64.30% | 0.62% | 1.07x |
| SPY | 767.0 | 2.55 | 772.49 | 8 (2026-08-21) | 68.14% | 0.33% | 1.07x |
| SPY | 766.0 | 4.31 | 772.49 | 13 (2026-08-28) | 65.06% | 0.56% | 1.07x |
| SPY | 765.0 | 4.46 | 772.49 | 14 (2026-08-31) | 66.06% | 0.58% | 1.07x |
| SPY | 765.0 | 4.05 | 772.49 | 13 (2026-08-28) | 66.89% | 0.53% | 1.07x |
| SPY | 766.0 | 1.68 | 772.49 | 6 (2026-08-19) | 73.84% | 0.22% | 1.07x |
| SPY | 766.0 | 2.0 | 772.49 | 7 (2026-08-20) | 72.16% | 0.26% | 1.07x |
| SPY | 766.0 | 2.32 | 772.49 | 8 (2026-08-21) | 70.70% | 0.30% | 1.07x |
| SPY | 764.0 | 4.2 | 772.49 | 14 (2026-08-31) | 67.86% | 0.55% | 1.07x |
| SPY | 766.0 | 1.34 | 772.49 | 5 (2026-08-18) | 76.05% | 0.17% | 1.07x |
| SPY | 764.0 | 3.81 | 772.49 | 13 (2026-08-28) | 68.65% | 0.50% | 1.07x |
| SPY | 763.0 | 3.98 | 772.49 | 14 (2026-08-31) | 69.34% | 0.52% | 1.07x |
| SPY | 763.0 | 3.58 | 772.49 | 13 (2026-08-28) | 70.32% | 0.47% | 1.07x |
| SPY | 765.0 | 2.11 | 772.49 | 8 (2026-08-21) | 73.04% | 0.28% | 1.07x |
| SPY | 765.0 | 1.8 | 772.49 | 7 (2026-08-20) | 74.56% | 0.24% | 1.07x |
| SPY | 765.0 | 1.49 | 772.49 | 6 (2026-08-19) | 76.43% | 0.19% | 1.06x |
| SPY | 765.0 | 1.18 | 772.49 | 5 (2026-08-18) | 78.65% | 0.15% | 1.06x |
| SPY | 764.0 | 1.92 | 772.49 | 8 (2026-08-21) | 75.26% | 0.25% | 1.06x |
| SPY | 764.0 | 1.62 | 772.49 | 7 (2026-08-20) | 76.87% | 0.21% | 1.06x |
| SPY | 764.0 | 1.32 | 772.49 | 6 (2026-08-19) | 78.85% | 0.17% | 1.06x |
| SPY | 763.0 | 1.74 | 772.49 | 8 (2026-08-21) | 77.31% | 0.23% | 1.06x |
| SPY | 764.0 | 1.03 | 772.49 | 5 (2026-08-18) | 81.09% | 0.13% | 1.06x |
| SPY | 763.0 | 1.46 | 772.49 | 7 (2026-08-20) | 78.94% | 0.19% | 1.06x |
| SPY | 763.0 | 1.18 | 772.49 | 6 (2026-08-19) | 80.91% | 0.15% | 1.05x |
| SPY | 763.0 | 0.91 | 772.49 | 5 (2026-08-18) | 83.21% | 0.12% | 1.05x |
| SPY | 765.0 | 0.87 | 772.49 | 4 (2026-08-17) | 81.51% | 0.11% | 1.05x |
| SPY | 764.0 | 0.74 | 772.49 | 4 (2026-08-17) | 83.95% | 0.10% | 1.04x |
| SPY | 763.0 | 0.64 | 772.49 | 4 (2026-08-17) | 86.08% | 0.08% | 1.04x |
| SPY | 765.0 | 0.46 | 772.49 | 3 (2026-08-14) | 86.74% | 0.06% | 1.03x |
| SPY | 764.0 | 0.37 | 772.49 | 3 (2026-08-14) | 89.09% | 0.05% | 1.02x |
| SPY | 763.0 | 0.31 | 772.49 | 3 (2026-08-14) | 90.78% | 0.04% | 1.02x |
| SPY | 764.0 | 0.11 | 772.49 | 2 (2026-08-13) | 94.97% | 0.01% | 1.01x |
| SPY | 763.0 | 0.01 | 772.49 | 1 (2026-08-12) | 99.24% | 0.00% | 1.00x |
| SPY | 764.0 | 0.01 | 772.49 | 1 (2026-08-12) | 99.20% | 0.00% | 1.00x |