Recommendation: ST
Current Price: $516.17
Total Wheels: 3
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 |
|---|---|---|---|---|---|---|---|
| MSFT | 515.0 | 6.65 | 516.17 | 5 (2026-10-02) | 53.42% | 1.29% | 1.41x |
| MSFT | 512.5 | 5.2 | 516.17 | 5 (2026-10-02) | 59.19% | 1.01% | 1.35x |
| MSFT | 510.0 | 4.55 | 516.17 | 5 (2026-10-02) | 64.09% | 0.89% | 1.33x |
| MSFT | 515.0 | 5.35 | 516.17 | 3 (2026-09-30) | 53.82% | 1.04% | 1.32x |
| MSFT | 507.5 | 3.7 | 516.17 | 5 (2026-10-02) | 69.13% | 0.73% | 1.29x |
| MSFT | 512.5 | 4.0 | 516.17 | 3 (2026-09-30) | 60.90% | 0.78% | 1.27x |
| MSFT | 507.5 | 4.05 | 516.17 | 6 (2026-10-05) | 68.28% | 0.80% | 1.26x |
| MSFT | 515.0 | 8.75 | 516.17 | 10 (2026-10-09) | 53.13% | 1.70% | 1.25x |
| MSFT | 505.0 | 2.99 | 516.17 | 5 (2026-10-02) | 73.70% | 0.59% | 1.25x |
| MSFT | 510.0 | 3.3 | 516.17 | 3 (2026-09-30) | 66.83% | 0.65% | 1.24x |
| MSFT | 510.0 | 6.95 | 516.17 | 10 (2026-10-09) | 61.08% | 1.36% | 1.23x |
| MSFT | 515.0 | 18.45 | 516.17 | 25 (2026-10-30) | 53.12% | 3.58% | 1.21x |
| MSFT | 515.0 | 11.05 | 516.17 | 15 (2026-10-16) | 53.01% | 2.15% | 1.21x |
| MSFT | 510.0 | 16.3 | 516.17 | 25 (2026-10-30) | 57.21% | 3.20% | 1.20x |
| MSFT | 502.5 | 2.32 | 516.17 | 5 (2026-10-02) | 78.20% | 0.46% | 1.20x |
| MSFT | 505.0 | 5.3 | 516.17 | 10 (2026-10-09) | 68.35% | 1.05% | 1.20x |
| MSFT | 507.5 | 2.47 | 516.17 | 3 (2026-09-30) | 72.96% | 0.49% | 1.20x |
| MSFT | 510.0 | 9.0 | 516.17 | 15 (2026-10-16) | 59.57% | 1.76% | 1.19x |
| MSFT | 512.5 | 8.95 | 516.17 | 15 (2026-10-16) | 56.74% | 1.75% | 1.18x |
| MSFT | 500.0 | 1.95 | 516.17 | 5 (2026-10-02) | 81.43% | 0.39% | 1.17x |
| MSFT | 500.0 | 12.0 | 516.17 | 25 (2026-10-30) | 65.21% | 2.40% | 1.17x |
| MSFT | 507.5 | 7.5 | 516.17 | 15 (2026-10-16) | 63.24% | 1.48% | 1.17x |
| MSFT | 515.0 | 12.05 | 516.17 | 20 (2026-10-23) | 53.05% | 2.34% | 1.17x |
| MSFT | 515.0 | 23.2 | 516.17 | 40 (2026-11-20) | 53.48% | 4.50% | 1.16x |
| MSFT | 500.0 | 2.2 | 516.17 | 6 (2026-10-05) | 80.42% | 0.44% | 1.16x |
| MSFT | 505.0 | 6.75 | 516.17 | 15 (2026-10-16) | 66.31% | 1.34% | 1.16x |
| MSFT | 500.0 | 3.75 | 516.17 | 10 (2026-10-09) | 75.37% | 0.75% | 1.15x |
| MSFT | 505.0 | 8.9 | 516.17 | 20 (2026-10-23) | 64.20% | 1.76% | 1.15x |
| MSFT | 510.0 | 20.4 | 516.17 | 40 (2026-11-20) | 56.80% | 4.00% | 1.15x |
| MSFT | 495.0 | 10.1 | 516.17 | 25 (2026-10-30) | 69.15% | 2.04% | 1.15x |
| MSFT | 505.0 | 1.8 | 516.17 | 3 (2026-09-30) | 78.50% | 0.36% | 1.15x |
| MSFT | 502.5 | 6.05 | 516.17 | 15 (2026-10-16) | 69.21% | 1.20% | 1.15x |
| MSFT | 505.0 | 18.7 | 516.17 | 40 (2026-11-20) | 60.00% | 3.70% | 1.15x |
| MSFT | 500.0 | 5.65 | 516.17 | 15 (2026-10-16) | 71.53% | 1.13% | 1.14x |
| MSFT | 490.0 | 8.95 | 516.17 | 25 (2026-10-30) | 72.35% | 1.83% | 1.14x |
| MSFT | 500.0 | 16.75 | 516.17 | 40 (2026-11-20) | 63.13% | 3.35% | 1.14x |
| MSFT | 500.0 | 7.25 | 516.17 | 20 (2026-10-23) | 69.30% | 1.45% | 1.13x |
| MSFT | 497.5 | 1.44 | 516.17 | 5 (2026-10-02) | 85.20% | 0.29% | 1.13x |
| MSFT | 495.0 | 14.8 | 516.17 | 40 (2026-11-20) | 66.24% | 2.99% | 1.13x |
| MSFT | 485.0 | 7.9 | 516.17 | 25 (2026-10-30) | 75.34% | 1.63% | 1.13x |
| MSFT | 497.5 | 3.0 | 516.17 | 10 (2026-10-09) | 78.88% | 0.60% | 1.13x |
| MSFT | 497.5 | 4.7 | 516.17 | 15 (2026-10-16) | 74.76% | 0.94% | 1.13x |
| MSFT | 490.0 | 13.05 | 516.17 | 40 (2026-11-20) | 69.22% | 2.66% | 1.12x |
| MSFT | 515.0 | 26.45 | 516.17 | 60 (2026-12-18) | 53.83% | 5.14% | 1.12x |
| MSFT | 495.0 | 4.35 | 516.17 | 15 (2026-10-16) | 76.77% | 0.88% | 1.12x |
| MSFT | 495.0 | 2.73 | 516.17 | 10 (2026-10-09) | 81.00% | 0.55% | 1.12x |
| MSFT | 510.0 | 23.85 | 516.17 | 60 (2026-12-18) | 56.72% | 4.68% | 1.12x |
| MSFT | 495.0 | 1.5 | 516.17 | 6 (2026-10-05) | 85.75% | 0.30% | 1.12x |
| MSFT | 480.0 | 6.6 | 516.17 | 25 (2026-10-30) | 78.52% | 1.38% | 1.11x |
| MSFT | 505.0 | 21.95 | 516.17 | 60 (2026-12-18) | 59.54% | 4.35% | 1.11x |
| MSFT | 495.0 | 1.2 | 516.17 | 5 (2026-10-02) | 87.84% | 0.24% | 1.11x |
| MSFT | 510.0 | 1.44 | 516.17 | 1 (2026-09-28) | 74.74% | 0.28% | 1.11x |
| MSFT | 485.0 | 11.4 | 516.17 | 40 (2026-11-20) | 72.12% | 2.35% | 1.11x |
| MSFT | 500.0 | 20.15 | 516.17 | 60 (2026-12-18) | 62.26% | 4.03% | 1.11x |
| MSFT | 480.0 | 10.35 | 516.17 | 40 (2026-11-20) | 74.54% | 2.16% | 1.11x |
| MSFT | 495.0 | 17.95 | 516.17 | 60 (2026-12-18) | 65.04% | 3.63% | 1.10x |
| MSFT | 475.0 | 5.5 | 516.17 | 25 (2026-10-30) | 81.34% | 1.16% | 1.10x |
| MSFT | 500.0 | 1.07 | 516.17 | 3 (2026-09-30) | 86.32% | 0.21% | 1.10x |
| MSFT | 490.0 | 15.85 | 516.17 | 60 (2026-12-18) | 67.82% | 3.23% | 1.10x |
| MSFT | 475.0 | 8.85 | 516.17 | 40 (2026-11-20) | 77.28% | 1.86% | 1.09x |
| MSFT | 485.0 | 14.5 | 516.17 | 60 (2026-12-18) | 70.22% | 2.99% | 1.09x |
| MSFT | 470.0 | 4.7 | 516.17 | 25 (2026-10-30) | 83.78% | 1.00% | 1.09x |
| MSFT | 480.0 | 13.3 | 516.17 | 60 (2026-12-18) | 72.48% | 2.77% | 1.09x |
| MSFT | 470.0 | 7.85 | 516.17 | 40 (2026-11-20) | 79.52% | 1.67% | 1.09x |
| MSFT | 492.5 | 0.85 | 516.17 | 5 (2026-10-02) | 90.50% | 0.17% | 1.08x |
| MSFT | 475.0 | 11.7 | 516.17 | 60 (2026-12-18) | 74.96% | 2.46% | 1.08x |
| MSFT | 507.5 | 0.92 | 516.17 | 1 (2026-09-28) | 82.33% | 0.18% | 1.08x |
| MSFT | 470.0 | 10.6 | 516.17 | 60 (2026-12-18) | 76.98% | 2.26% | 1.07x |
| MSFT | 505.0 | 0.61 | 516.17 | 1 (2026-09-28) | 87.62% | 0.12% | 1.05x |
| MSFT | 502.5 | 0.39 | 516.17 | 1 (2026-09-28) | 91.68% | 0.08% | 1.04x |
| MSFT | 500.0 | 0.26 | 516.17 | 1 (2026-09-28) | 94.27% | 0.05% | 1.03x |