Recommendation: ST
Current Price: $140.80
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 | 140.0 | 1.52 | 140.80 | 4 (2025-05-09) | 57.45% | 1.09% | 1.37x |
| MMM | 138.0 | 1.66 | 140.80 | 9 (2025-05-16) | 66.33% | 1.20% | 1.25x |
| MMM | 139.0 | 0.89 | 140.80 | 4 (2025-05-09) | 67.59% | 0.64% | 1.24x |
| MMM | 138.0 | 2.14 | 140.80 | 14 (2025-05-23) | 64.34% | 1.55% | 1.20x |
| MMM | 138.0 | 0.64 | 140.80 | 4 (2025-05-09) | 75.15% | 0.46% | 1.19x |
| MMM | 137.0 | 0.51 | 140.80 | 4 (2025-05-09) | 80.40% | 0.37% | 1.16x |
| MMM | 135.0 | 1.49 | 140.80 | 14 (2025-05-23) | 74.64% | 1.10% | 1.16x |
| MMM | 135.0 | 0.9 | 140.80 | 9 (2025-05-16) | 79.25% | 0.67% | 1.16x |
| MMM | 140.0 | 4.98 | 140.80 | 34 (2025-06-20) | 54.65% | 3.56% | 1.15x |
| MMM | 135.0 | 4.43 | 140.80 | 54 (2025-07-18) | 65.70% | 3.28% | 1.10x |
| MMM | 136.0 | 0.31 | 140.80 | 4 (2025-05-09) | 86.54% | 0.23% | 1.10x |
| MMM | 130.0 | 1.9 | 140.80 | 34 (2025-06-20) | 78.99% | 1.46% | 1.09x |
| MMM | 135.0 | 7.21 | 140.80 | 99 (2025-09-19) E | 63.19% | 5.34% | 1.09x |
| MMM | 135.0 | 0.25 | 140.80 | 4 (2025-05-09) | 89.41% | 0.19% | 1.09x |
| MMM | 130.0 | 0.9 | 140.80 | 19 (2025-05-30) | 85.12% | 0.69% | 1.08x |
| MMM | 132.0 | 0.41 | 140.80 | 9 (2025-05-16) | 88.98% | 0.31% | 1.08x |
| MMM | 134.0 | 0.2 | 140.80 | 4 (2025-05-09) | 91.41% | 0.15% | 1.07x |
| MMM | 120.0 | 4.95 | 140.80 | 119 (2025-10-17) E | 78.23% | 4.13% | 1.07x |
| MMM | 130.0 | 5.7 | 140.80 | 119 (2025-10-17) E | 70.12% | 4.38% | 1.07x |
| MMM | 125.0 | 1.04 | 140.80 | 34 (2025-06-20) | 87.27% | 0.83% | 1.06x |
| MMM | 131.0 | 0.1 | 140.80 | 4 (2025-05-09) | 96.31% | 0.08% | 1.04x |
| MMM | 133.0 | 0.1 | 140.80 | 4 (2025-05-09) | 96.09% | 0.08% | 1.04x |
| MMM | 110.0 | 1.75 | 140.80 | 99 (2025-09-19) E | 89.31% | 1.59% | 1.04x |
| MMM | 132.0 | 0.09 | 140.80 | 4 (2025-05-09) | 95.80% | 0.07% | 1.03x |
| MMM | 120.0 | 0.57 | 140.80 | 34 (2025-06-20) | 92.52% | 0.47% | 1.03x |
| MMM | 105.0 | 0.67 | 140.80 | 54 (2025-07-18) | 94.64% | 0.64% | 1.03x |