Recommendation: ST
Current Price: $155.68
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 | 155.0 | 9.6 | 155.68 | 98 (2026-06-18) | 54.98% | 6.19% | 1.09x |
| MMM | 150.0 | 7.4 | 155.68 | 98 (2026-06-18) | 62.63% | 4.93% | 1.08x |
| MMM | 145.0 | 5.7 | 155.68 | 98 (2026-06-18) | 69.66% | 3.93% | 1.07x |
| MMM | 140.0 | 2.11 | 155.68 | 54 (2026-04-17) | 81.73% | 1.51% | 1.06x |
| MMM | 144.0 | 0.16 | 155.68 | 4 (2026-02-06) | 95.05% | 0.11% | 1.05x |
| MMM | 125.0 | 1.71 | 155.68 | 98 (2026-06-18) | 89.21% | 1.37% | 1.03x |
| MMM | 120.0 | 0.2 | 155.68 | 14 (2026-02-20) | 97.51% | 0.17% | 1.03x |
| MMM | 120.0 | 0.39 | 155.68 | 54 (2026-04-17) | 96.18% | 0.33% | 1.01x |
| MMM | 115.0 | 0.17 | 155.68 | 34 (2026-03-20) | 98.10% | 0.15% | 1.01x |