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 | 769.0 | 5.87 | 772.49 | 13 (2026-08-31) | 58.31% | 0.76% | 1.09x |
| SPY | 767.0 | 2.27 | 772.49 | 6 (2026-08-20) | 69.19% | 0.30% | 1.09x |
| SPY | 770.0 | 5.5 | 772.49 | 12 (2026-08-28) | 56.82% | 0.71% | 1.09x |
| SPY | 770.0 | 5.99 | 772.49 | 13 (2026-08-31) | 56.48% | 0.78% | 1.09x |
| SPY | 767.0 | 2.66 | 772.49 | 7 (2026-08-21) | 67.70% | 0.35% | 1.09x |
| SPY | 769.0 | 5.12 | 772.49 | 12 (2026-08-28) | 59.08% | 0.67% | 1.09x |
| SPY | 768.0 | 4.88 | 772.49 | 12 (2026-08-28) | 61.10% | 0.64% | 1.08x |
| SPY | 766.0 | 2.07 | 772.49 | 6 (2026-08-20) | 71.76% | 0.27% | 1.08x |
| SPY | 771.0 | 7.81 | 772.49 | 17 (2026-09-04) | 53.94% | 1.01% | 1.08x |
| SPY | 768.0 | 5.23 | 772.49 | 13 (2026-08-31) | 60.64% | 0.68% | 1.08x |
| SPY | 766.0 | 1.63 | 772.49 | 5 (2026-08-19) | 74.11% | 0.21% | 1.08x |
| SPY | 772.0 | 7.93 | 772.49 | 17 (2026-09-04) | 52.16% | 1.03% | 1.08x |
| SPY | 769.0 | 7.1 | 772.49 | 17 (2026-09-04) | 57.41% | 0.92% | 1.08x |
| SPY | 767.0 | 4.53 | 772.49 | 12 (2026-08-28) | 63.20% | 0.59% | 1.08x |
| SPY | 767.0 | 4.96 | 772.49 | 13 (2026-08-31) | 62.52% | 0.65% | 1.08x |
| SPY | 770.0 | 7.3 | 772.49 | 17 (2026-09-04) | 55.77% | 0.95% | 1.08x |
| SPY | 766.0 | 4.3 | 772.49 | 12 (2026-08-28) | 65.00% | 0.56% | 1.08x |
| SPY | 766.0 | 4.68 | 772.49 | 13 (2026-08-31) | 64.35% | 0.61% | 1.08x |
| SPY | 765.0 | 1.51 | 772.49 | 5 (2026-08-19) | 76.31% | 0.20% | 1.08x |
| SPY | 765.0 | 4.52 | 772.49 | 13 (2026-08-31) | 65.91% | 0.59% | 1.08x |
| SPY | 768.0 | 6.55 | 772.49 | 17 (2026-09-04) | 59.29% | 0.85% | 1.08x |
| SPY | 766.0 | 2.21 | 772.49 | 7 (2026-08-21) | 71.11% | 0.29% | 1.08x |
| SPY | 764.0 | 3.93 | 772.49 | 12 (2026-08-28) | 68.33% | 0.51% | 1.08x |
| SPY | 765.0 | 3.98 | 772.49 | 12 (2026-08-28) | 67.04% | 0.52% | 1.08x |
| SPY | 765.0 | 1.78 | 772.49 | 6 (2026-08-20) | 74.70% | 0.23% | 1.08x |
| SPY | 765.0 | 2.11 | 772.49 | 7 (2026-08-21) | 73.04% | 0.28% | 1.08x |
| SPY | 767.0 | 6.15 | 772.49 | 17 (2026-09-04) | 61.04% | 0.80% | 1.08x |
| SPY | 764.0 | 4.18 | 772.49 | 13 (2026-08-31) | 67.77% | 0.55% | 1.07x |
| SPY | 766.0 | 5.87 | 772.49 | 17 (2026-09-04) | 62.63% | 0.77% | 1.07x |
| SPY | 765.0 | 5.59 | 772.49 | 17 (2026-09-04) | 64.18% | 0.73% | 1.07x |
| SPY | 763.0 | 3.91 | 772.49 | 13 (2026-08-31) | 69.46% | 0.51% | 1.07x |
| SPY | 763.0 | 3.53 | 772.49 | 12 (2026-08-28) | 70.43% | 0.46% | 1.07x |
| SPY | 764.0 | 1.3 | 772.49 | 5 (2026-08-19) | 78.99% | 0.17% | 1.07x |
| SPY | 764.0 | 5.3 | 772.49 | 17 (2026-09-04) | 65.73% | 0.69% | 1.07x |
| SPY | 764.0 | 1.88 | 772.49 | 7 (2026-08-21) | 75.39% | 0.25% | 1.07x |
| SPY | 764.0 | 1.56 | 772.49 | 6 (2026-08-20) | 77.23% | 0.20% | 1.07x |
| SPY | 766.0 | 1.3 | 772.49 | 4 (2026-08-18) | 76.35% | 0.17% | 1.07x |
| SPY | 763.0 | 4.96 | 772.49 | 17 (2026-09-04) | 67.33% | 0.65% | 1.07x |
| SPY | 763.0 | 1.2 | 772.49 | 5 (2026-08-19) | 81.11% | 0.16% | 1.07x |
| SPY | 763.0 | 1.47 | 772.49 | 6 (2026-08-20) | 78.88% | 0.19% | 1.07x |
| SPY | 763.0 | 1.74 | 772.49 | 7 (2026-08-21) | 77.26% | 0.23% | 1.07x |
| SPY | 765.0 | 1.19 | 772.49 | 4 (2026-08-18) | 78.55% | 0.16% | 1.06x |
| SPY | 764.0 | 1.01 | 772.49 | 4 (2026-08-18) | 81.29% | 0.13% | 1.06x |
| SPY | 763.0 | 0.99 | 772.49 | 4 (2026-08-18) | 82.43% | 0.13% | 1.06x |
| SPY | 765.0 | 0.89 | 772.49 | 3 (2026-08-17) | 81.30% | 0.12% | 1.05x |
| SPY | 764.0 | 0.73 | 772.49 | 3 (2026-08-17) | 84.06% | 0.10% | 1.04x |
| SPY | 763.0 | 0.63 | 772.49 | 3 (2026-08-17) | 86.15% | 0.08% | 1.04x |
| SPY | 765.0 | 0.47 | 772.49 | 2 (2026-08-14) | 86.55% | 0.06% | 1.03x |
| SPY | 764.0 | 0.38 | 772.49 | 2 (2026-08-14) | 88.90% | 0.05% | 1.02x |
| SPY | 763.0 | 0.32 | 772.49 | 2 (2026-08-14) | 90.65% | 0.04% | 1.02x |
| SPY | 764.0 | 0.12 | 772.49 | 1 (2026-08-13) | 94.62% | 0.02% | 1.01x |
| SPY | 763.0 | 0.09 | 772.49 | 1 (2026-08-13) | 95.86% | 0.01% | 1.01x |