Recommendation: ST
Current Price: $749.92
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 | 747.0 | 4.58 | 749.92 | 6 (2026-11-17) | 58.43% | 0.61% | 1.16x |
| SPY | 748.0 | 5.58 | 749.92 | 7 (2026-11-18) | 55.43% | 0.75% | 1.16x |
| SPY | 746.0 | 4.26 | 749.92 | 6 (2026-11-17) | 60.87% | 0.57% | 1.16x |
| SPY | 747.0 | 5.24 | 749.92 | 7 (2026-11-18) | 57.71% | 0.70% | 1.16x |
| SPY | 745.0 | 3.27 | 749.92 | 5 (2026-11-16) | 64.78% | 0.44% | 1.15x |
| SPY | 746.0 | 4.91 | 749.92 | 7 (2026-11-18) | 59.93% | 0.66% | 1.15x |
| SPY | 745.0 | 3.97 | 749.92 | 6 (2026-11-17) | 63.18% | 0.53% | 1.15x |
| SPY | 745.0 | 4.61 | 749.92 | 7 (2026-11-18) | 62.04% | 0.62% | 1.15x |
| SPY | 744.0 | 3.01 | 749.92 | 5 (2026-11-16) | 67.21% | 0.40% | 1.15x |
| SPY | 749.0 | 6.92 | 749.92 | 9 (2026-11-20) | 52.85% | 0.92% | 1.15x |
| SPY | 744.0 | 3.69 | 749.92 | 6 (2026-11-17) | 65.40% | 0.50% | 1.15x |
| SPY | 748.0 | 6.56 | 749.92 | 9 (2026-11-20) | 54.92% | 0.88% | 1.14x |
| SPY | 744.0 | 4.32 | 749.92 | 7 (2026-11-18) | 64.07% | 0.58% | 1.14x |
| SPY | 747.0 | 6.21 | 749.92 | 9 (2026-11-20) | 56.93% | 0.83% | 1.14x |
| SPY | 745.0 | 5.11 | 749.92 | 8 (2026-11-19) | 61.31% | 0.69% | 1.14x |
| SPY | 743.0 | 3.42 | 749.92 | 6 (2026-11-17) | 67.53% | 0.46% | 1.14x |
| SPY | 743.0 | 2.76 | 749.92 | 5 (2026-11-16) | 69.53% | 0.37% | 1.14x |
| SPY | 746.0 | 5.87 | 749.92 | 9 (2026-11-20) | 58.87% | 0.79% | 1.14x |
| SPY | 743.0 | 4.05 | 749.92 | 7 (2026-11-18) | 66.02% | 0.55% | 1.14x |
| SPY | 745.0 | 5.56 | 749.92 | 9 (2026-11-20) | 60.74% | 0.75% | 1.14x |
| SPY | 742.0 | 3.19 | 749.92 | 6 (2026-11-17) | 69.50% | 0.43% | 1.13x |
| SPY | 742.0 | 3.8 | 749.92 | 7 (2026-11-18) | 67.81% | 0.51% | 1.13x |
| SPY | 744.0 | 5.27 | 749.92 | 9 (2026-11-20) | 62.53% | 0.71% | 1.13x |
| SPY | 742.0 | 2.54 | 749.92 | 5 (2026-11-16) | 71.68% | 0.34% | 1.13x |
| SPY | 743.0 | 4.99 | 749.92 | 9 (2026-11-20) | 64.27% | 0.67% | 1.13x |
| SPY | 741.0 | 3.56 | 749.92 | 7 (2026-11-18) | 69.64% | 0.48% | 1.13x |
| SPY | 741.0 | 2.96 | 749.92 | 6 (2026-11-17) | 71.41% | 0.40% | 1.13x |
| SPY | 742.0 | 4.73 | 749.92 | 9 (2026-11-20) | 65.92% | 0.64% | 1.12x |
| SPY | 741.0 | 2.33 | 749.92 | 5 (2026-11-16) | 73.76% | 0.31% | 1.12x |
| SPY | 740.0 | 3.34 | 749.92 | 7 (2026-11-18) | 71.31% | 0.45% | 1.12x |
| SPY | 740.0 | 2.75 | 749.92 | 6 (2026-11-17) | 73.20% | 0.37% | 1.12x |
| SPY | 741.0 | 4.48 | 749.92 | 9 (2026-11-20) | 67.52% | 0.60% | 1.12x |
| SPY | 740.0 | 3.8 | 749.92 | 8 (2026-11-19) | 70.06% | 0.51% | 1.12x |
| SPY | 740.0 | 4.25 | 749.92 | 9 (2026-11-20) | 69.04% | 0.57% | 1.12x |
| SPY | 740.0 | 2.14 | 749.92 | 5 (2026-11-16) | 75.67% | 0.29% | 1.12x |
| SPY | 744.0 | 2.26 | 749.92 | 4 (2026-11-13) | 69.92% | 0.30% | 1.11x |
| SPY | 749.0 | 8.36 | 749.92 | 14 (2026-11-27) | 52.74% | 1.12% | 1.11x |
| SPY | 748.0 | 8.0 | 749.92 | 14 (2026-11-27) | 54.47% | 1.07% | 1.11x |
| SPY | 749.0 | 8.83 | 749.92 | 15 (2026-11-30) | 52.70% | 1.18% | 1.11x |
| SPY | 747.0 | 7.66 | 749.92 | 14 (2026-11-27) | 56.15% | 1.03% | 1.11x |
| SPY | 748.0 | 8.47 | 749.92 | 15 (2026-11-30) | 54.34% | 1.13% | 1.11x |
| SPY | 747.0 | 8.13 | 749.92 | 15 (2026-11-30) | 55.94% | 1.09% | 1.11x |
| SPY | 746.0 | 7.33 | 749.92 | 14 (2026-11-27) | 57.78% | 0.98% | 1.11x |
| SPY | 746.0 | 7.8 | 749.92 | 15 (2026-11-30) | 57.51% | 1.05% | 1.11x |
| SPY | 745.0 | 7.02 | 749.92 | 14 (2026-11-27) | 59.36% | 0.94% | 1.11x |
| SPY | 743.0 | 2.04 | 749.92 | 4 (2026-11-13) | 72.49% | 0.27% | 1.11x |
| SPY | 745.0 | 7.49 | 749.92 | 15 (2026-11-30) | 59.00% | 1.01% | 1.10x |
| SPY | 744.0 | 6.72 | 749.92 | 14 (2026-11-27) | 60.89% | 0.90% | 1.10x |
| SPY | 744.0 | 7.2 | 749.92 | 15 (2026-11-30) | 60.43% | 0.97% | 1.10x |
| SPY | 743.0 | 6.91 | 749.92 | 15 (2026-11-30) | 61.87% | 0.93% | 1.10x |
| SPY | 742.0 | 6.16 | 749.92 | 14 (2026-11-27) | 63.80% | 0.83% | 1.10x |
| SPY | 742.0 | 6.64 | 749.92 | 15 (2026-11-30) | 63.22% | 0.89% | 1.10x |
| SPY | 735.0 | 2.83 | 749.92 | 8 (2026-11-19) | 77.08% | 0.39% | 1.10x |
| SPY | 741.0 | 6.38 | 749.92 | 15 (2026-11-30) | 64.54% | 0.86% | 1.10x |
| SPY | 742.0 | 1.83 | 749.92 | 4 (2026-11-13) | 74.91% | 0.25% | 1.10x |
| SPY | 740.0 | 6.12 | 749.92 | 15 (2026-11-30) | 65.84% | 0.83% | 1.10x |
| SPY | 740.0 | 5.65 | 749.92 | 14 (2026-11-27) | 66.52% | 0.76% | 1.10x |
| SPY | 741.0 | 1.65 | 749.92 | 4 (2026-11-13) | 77.14% | 0.22% | 1.09x |
| SPY | 740.0 | 1.48 | 749.92 | 4 (2026-11-13) | 79.20% | 0.20% | 1.08x |
| SPY | 730.0 | 2.12 | 749.92 | 8 (2026-11-19) | 82.47% | 0.29% | 1.08x |
| SPY | 743.0 | 1.35 | 749.92 | 3 (2026-11-12) | 76.51% | 0.18% | 1.07x |
| SPY | 742.0 | 1.17 | 749.92 | 3 (2026-11-12) | 79.27% | 0.16% | 1.06x |
| SPY | 725.0 | 1.6 | 749.92 | 8 (2026-11-19) | 86.65% | 0.22% | 1.06x |
| SPY | 741.0 | 1.02 | 749.92 | 3 (2026-11-12) | 81.62% | 0.14% | 1.06x |
| SPY | 740.0 | 0.89 | 749.92 | 3 (2026-11-12) | 83.73% | 0.12% | 1.05x |
| SPY | 720.0 | 1.22 | 749.92 | 8 (2026-11-19) | 89.70% | 0.17% | 1.05x |
| SPY | 715.0 | 0.96 | 749.92 | 8 (2026-11-19) | 91.95% | 0.13% | 1.04x |
| SPY | 710.0 | 0.76 | 749.92 | 8 (2026-11-19) | 93.70% | 0.11% | 1.03x |
| SPY | 705.0 | 0.62 | 749.92 | 8 (2026-11-19) | 94.92% | 0.09% | 1.03x |
| SPY | 742.0 | 0.4 | 749.92 | 2 (2026-11-11) | 87.29% | 0.05% | 1.02x |
| SPY | 700.0 | 0.52 | 749.92 | 8 (2026-11-19) | 95.83% | 0.07% | 1.02x |
| SPY | 741.0 | 0.32 | 749.92 | 2 (2026-11-11) | 90.25% | 0.04% | 1.02x |
| SPY | 740.0 | 0.25 | 749.92 | 2 (2026-11-11) | 92.13% | 0.03% | 1.02x |