Recommendation: ST
Current Price: $145.12
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 | 144.0 | 2.0 | 145.12 | 6 (2026-05-22) | 58.02% | 1.39% | 1.40x |
| MMM | 145.0 | 2.04 | 145.12 | 6 (2026-05-22) | 51.81% | 1.41% | 1.36x |
| MMM | 142.0 | 1.23 | 145.12 | 6 (2026-05-22) | 70.02% | 0.87% | 1.29x |
| MMM | 144.0 | 2.6 | 145.12 | 11 (2026-05-29) | 56.97% | 1.81% | 1.26x |
| MMM | 143.0 | 1.2 | 145.12 | 6 (2026-05-22) | 66.57% | 0.84% | 1.26x |
| MMM | 145.0 | 2.81 | 145.12 | 11 (2026-05-29) | 51.90% | 1.94% | 1.26x |
| MMM | 145.0 | 3.95 | 145.12 | 16 (2026-06-05) | 52.12% | 2.72% | 1.25x |
| MMM | 141.0 | 0.96 | 145.12 | 6 (2026-05-22) | 75.27% | 0.68% | 1.24x |
| MMM | 145.0 | 4.8 | 145.12 | 25 (2026-06-18) | 52.40% | 3.31% | 1.19x |
| MMM | 140.0 | 0.69 | 145.12 | 6 (2026-05-22) | 80.51% | 0.49% | 1.18x |
| MMM | 139.0 | 1.15 | 145.12 | 11 (2026-05-29) | 77.59% | 0.83% | 1.16x |
| MMM | 140.0 | 2.8 | 145.12 | 25 (2026-06-18) | 67.89% | 2.00% | 1.15x |
| MMM | 145.0 | 6.44 | 145.12 | 46 (2026-07-17) | 53.00% | 4.44% | 1.14x |
| MMM | 140.0 | 1.0 | 145.12 | 11 (2026-05-29) | 76.96% | 0.71% | 1.13x |
| MMM | 140.0 | 4.6 | 145.12 | 46 (2026-07-17) | 64.32% | 3.29% | 1.12x |
| MMM | 135.0 | 1.55 | 145.12 | 25 (2026-06-18) | 80.00% | 1.15% | 1.10x |
| MMM | 135.0 | 5.4 | 145.12 | 91 (2026-09-18) | 69.63% | 4.00% | 1.08x |
| MMM | 130.0 | 3.8 | 145.12 | 91 (2026-09-18) | 76.69% | 2.92% | 1.06x |
| MMM | 125.0 | 3.05 | 145.12 | 91 (2026-09-18) | 81.47% | 2.44% | 1.06x |
| MMM | 142.0 | 0.14 | 145.12 | 1 (2026-05-15) | 88.98% | 0.10% | 1.05x |
| MMM | 120.0 | 2.14 | 145.12 | 91 (2026-09-18) | 86.25% | 1.78% | 1.04x |
| MMM | 115.0 | 2.22 | 145.12 | 111 (2026-10-16) | 87.62% | 1.93% | 1.04x |
| MMM | 125.0 | 0.39 | 145.12 | 25 (2026-06-18) | 93.99% | 0.31% | 1.03x |
| MMM | 140.0 | 0.06 | 145.12 | 1 (2026-05-15) | 95.40% | 0.04% | 1.02x |