Recommendation: ST
Current Price: $183.78
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 | 182.5 | 1.67 | 183.78 | 7 (2026-08-21) | 59.75% | 0.92% | 1.22x |
| MMM | 180.0 | 1.02 | 183.78 | 7 (2026-08-21) | 73.61% | 0.57% | 1.16x |
| MMM | 180.0 | 2.6 | 183.78 | 17 (2026-09-04) | 65.16% | 1.44% | 1.15x |
| MMM | 182.5 | 0.75 | 183.78 | 2 (2026-08-14) | 65.78% | 0.41% | 1.15x |
| MMM | 180.0 | 3.75 | 183.78 | 27 (2026-09-18) | 62.63% | 2.08% | 1.13x |
| MMM | 175.0 | 1.01 | 183.78 | 12 (2026-08-28) | 82.08% | 0.58% | 1.10x |
| MMM | 180.0 | 5.55 | 183.78 | 47 (2026-10-16) | 60.55% | 3.08% | 1.10x |
| MMM | 175.0 | 2.24 | 183.78 | 27 (2026-09-18) | 74.97% | 1.28% | 1.09x |
| MMM | 175.0 | 0.34 | 183.78 | 2 (2026-08-14) | 90.09% | 0.19% | 1.09x |
| MMM | 180.0 | 9.2 | 183.78 | 92 (2026-12-18) | 59.02% | 5.11% | 1.08x |
| MMM | 180.0 | 10.74 | 183.78 | 112 (2027-01-15) | 58.84% | 5.97% | 1.08x |
| MMM | 170.0 | 2.7 | 183.78 | 47 (2026-10-16) | 78.02% | 1.59% | 1.07x |
| MMM | 170.0 | 1.26 | 183.78 | 27 (2026-09-18) | 84.42% | 0.74% | 1.06x |
| MMM | 165.0 | 1.68 | 183.78 | 47 (2026-10-16) | 84.95% | 1.02% | 1.05x |
| MMM | 160.0 | 3.3 | 183.78 | 92 (2026-12-18) | 82.09% | 2.06% | 1.05x |
| MMM | 140.0 | 0.41 | 183.78 | 17 (2026-09-04) | 96.60% | 0.29% | 1.04x |
| MMM | 160.0 | 1.14 | 183.78 | 47 (2026-10-16) | 89.47% | 0.71% | 1.03x |
| MMM | 140.0 | 0.22 | 183.78 | 12 (2026-08-28) | 97.82% | 0.16% | 1.03x |
| MMM | 170.0 | 0.15 | 183.78 | 7 (2026-08-21) | 95.75% | 0.09% | 1.03x |
| MMM | 155.0 | 0.76 | 183.78 | 47 (2026-10-16) | 92.79% | 0.49% | 1.02x |
| MMM | 160.0 | 0.43 | 183.78 | 27 (2026-09-18) | 94.26% | 0.27% | 1.02x |
| MMM | 135.0 | 1.4 | 183.78 | 112 (2027-01-15) | 93.12% | 1.04% | 1.02x |
| MMM | 167.5 | 0.1 | 183.78 | 7 (2026-08-21) | 97.34% | 0.06% | 1.02x |
| MMM | 90.0 | 0.1 | 183.78 | 17 (2026-09-04) | 99.39% | 0.11% | 1.02x |
| MMM | 95.0 | 0.1 | 183.78 | 17 (2026-09-04) | 99.51% | 0.11% | 1.02x |
| MMM | 150.0 | 0.16 | 183.78 | 27 (2026-09-18) | 97.83% | 0.11% | 1.01x |
| MMM | 160.0 | 0.06 | 183.78 | 12 (2026-08-28) | 98.65% | 0.04% | 1.01x |
| MMM | 165.0 | 0.02 | 183.78 | 2 (2026-08-14) | 99.39% | 0.01% | 1.01x |
| MMM | 162.5 | 0.02 | 183.78 | 7 (2026-08-21) | 99.47% | 0.01% | 1.00x |