Recommendation: ST
Current Price: $146.67
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 |
|---|---|---|---|---|---|---|---|
| MMM | 145.0 | 2.86 | 146.67 | 14 (2026-04-10) | 58.69% | 1.97% | 1.23x |
| MMM | 145.0 | 3.7 | 146.67 | 19 (2026-04-17) | 57.63% | 2.55% | 1.21x |
| MMM | 145.0 | 6.4 | 146.67 | 39 (2026-05-15) | 56.47% | 4.41% | 1.17x |
| MMM | 140.0 | 2.12 | 146.67 | 19 (2026-04-17) | 72.83% | 1.51% | 1.16x |
| MMM | 140.0 | 4.55 | 146.67 | 39 (2026-05-15) | 66.61% | 3.25% | 1.15x |
| MMM | 145.0 | 8.1 | 146.67 | 63 (2026-06-18) | 56.45% | 5.59% | 1.13x |
| MMM | 142.0 | 0.38 | 146.67 | 4 (2026-03-27) | 84.72% | 0.27% | 1.12x |
| MMM | 140.0 | 6.15 | 146.67 | 63 (2026-06-18) | 64.81% | 4.39% | 1.12x |
| MMM | 145.0 | 10.95 | 146.67 | 129 (2026-09-18) | 56.98% | 7.55% | 1.09x |
| MMM | 140.0 | 8.95 | 146.67 | 129 (2026-09-18) | 63.34% | 6.39% | 1.08x |
| MMM | 120.0 | 0.87 | 146.67 | 24 (2026-04-24) | 91.92% | 0.73% | 1.07x |
| MMM | 105.0 | 0.53 | 146.67 | 29 (2026-05-01) | 95.96% | 0.50% | 1.04x |
| MMM | 110.0 | 2.23 | 146.67 | 129 (2026-09-18) | 89.25% | 2.03% | 1.04x |
| MMM | 115.0 | 0.4 | 146.67 | 24 (2026-04-24) | 95.53% | 0.35% | 1.04x |
| MMM | 120.0 | 0.1 | 146.67 | 14 (2026-04-10) | 98.73% | 0.08% | 1.01x |
| MMM | 110.0 | 0.1 | 146.67 | 19 (2026-04-17) | 98.18% | 0.09% | 1.01x |