LEAPS Builder v5.4

GOOG $50,000 [both], COPX $50,000 [both] | 2026-04-17 14:16:03

GOOG @ $333.11

ML Budget: $50,000 (ITM + OTM) | Chains: Dec 2027 (609d), Jan 2028 (644d), Dec 2028 (973d)

Bucket A: Deep ITM Stock Replacement ($50,000 ML budget)

All Candidates

ChainTypeStructureCtICBEThetaScore
Dec '27 (609d)Fortress$290C/$365P/$310P4$27,720$362.15 (+9%)$-23/d66,240
Dec '27 (609d)Pure$285C5$49,000$383.00 (+15%)$-29/d72,759
Jan '28 (644d)Fortress$290C/$360P/$310P4$29,700$364.25 (+9%)$-23/d66,040
Dec '28 (973d)Fortress$310C/$335P/$300P4$35,720$399.30 (+20%)$-19/d62,230

★ = highest score. Score = WSPL x sqrt(DTE/365).

Best Fortress: $290C / $365P / $310P (Dec '27, 609d)

LegActionStrikePriceDelta
LCBUY$290.0C$94.95+0.750
SPSELL$365.0P$67.60-0.469
HPBUY$310.0P$41.95+0.318
CtICMLBEThetaLevScoreROIC
4$27,720$49,720 $362.15 (+9%)$-23/d 4.8x66,240+443%

Verdict: PURE LEAPS

Pure scores 72,759 vs fortress's 66,240. Better weighted P&L across scenarios.

P&L Comparison

MovePriceFortress 4ct Dec'27Pure 5ct Dec'27DiffWinner
-19%$266$-49,720$-47,475$-2,245(Pure)
+0%$333$-23,232$-25,920$+2,688(Fort)
+25%$416$+22,835$+15,719$+7,116(Fort)
+50%$500$+56,146$+57,358$-1,212(Pure)
+75%$583$+89,457$+98,996$-9,539(Pure)
+100%$666$+122,768$+140,635$-17,867(Pure)
+200%$999$+256,012$+307,190$-51,178(Pure)

CC Overlay

No CC candidates found above breakeven. Run live (without --csv) if CC data was not included in the CSV export.

Bucket B: OTM Max Leverage ($50,000 ML budget)

All Candidates

ChainTypeStructureCtICBEThetaScore
Dec '27 (609d)Fortress$480C/$380P/$345P11$11,385$490.35 (+47%)$-60/d211,506
Dec '27 (609d)Pure$500C20$49,700$524.85 (+58%)$-108/d311,719
Jan '28 (644d)Fortress$440C/$380P/$345P9$18,450$460.50 (+38%)$-55/d205,669
Dec '28 (973d)Fortress$420C/$380P/$340P6$25,650$462.75 (+39%)$-31/d162,657

★ = highest score. Score = WSPL x sqrt(DTE/365).

Best Fortress: $480C / $380P / $345P (Dec '27, 609d)

LegActionStrikePriceDelta
LCBUY$480.0C$28.05+0.336
SPSELL$380.0P$76.80-0.512
HPBUY$345.0P$59.10+0.413
CtICMLBEThetaLevScoreROIC
11$11,385$49,885 $490.35 (+47%)$-60/d 32.2x211,506+1699%

Verdict: PURE LEAPS

Pure scores 311,719 vs fortress's 211,506. Better weighted P&L across scenarios.

P&L Comparison

MovePriceFortress 11ct Dec'27Pure 17ct Dec'27DiffWinner
-19%$266$-49,885$-47,685$-2,200(Pure)
+0%$333$-49,885$-47,685$-2,200(Pure)
+25%$416$-11,385$-47,685$+36,300(Fort)
+50%$500$+10,247$-14,254$+24,501(Fort)
+75%$583$+101,852$+127,317$-25,466(Pure)
+100%$666$+193,457$+268,889$-75,432(Pure)
+200%$999$+559,878$+835,176$-275,298(Pure)

COPX @ $85.76

ML Budget: $50,000 (ITM + OTM) | Chains: Jan 2027 (273d), Jan 2028 (644d)

Bucket A: Deep ITM Stock Replacement ($50,000 ML budget)

All Candidates

ChainTypeStructureCtICBEThetaScore
Jan '27 (273d)Fortress$75C/$93P/$75P15$22,650$91.55 (+7%)$-36/d45,713
Jan '27 (273d)Pure$75C22$49,720$97.60 (+14%)$-59/d57,352
Jan '28 (644d)Fortress$65C/$94P/$85P12$39,120$97.60 (+14%)$-19/d44,361

★ = highest score. Score = WSPL x sqrt(DTE/365).

Best Fortress: $75C / $93P / $75P (Jan '27, 273d)

LegActionStrikePriceDelta
LCBUY$75.0C$22.60+0.726
SPSELL$93.0P$16.80-0.462
HPBUY$75.0P$9.30+0.282
CtICMLBEThetaLevScoreROIC
15$22,650$49,650 $91.55 (+7%)$-36/d 5.7x45,713+539%

Verdict: PURE LEAPS

Pure scores 57,352 vs fortress's 45,713. Better weighted P&L across scenarios.

P&L Comparison

MovePriceFortress 15ct Jan'27Pure 22ct Jan'27DiffWinner
-19%$69$-49,650$-49,720$+70(Fort)
+0%$86$-17,370$-26,048$+8,678(Fort)
+25%$107$+25,650$+21,120$+4,530(Fort)
+50%$129$+57,810$+68,288$-10,478(Pure)
+75%$150$+89,970$+115,456$-25,486(Pure)
+100%$172$+122,130$+162,624$-40,494(Pure)
+200%$257$+250,770$+351,296$-100,526(Pure)

CC Overlay

No CC candidates found above breakeven. Run live (without --csv) if CC data was not included in the CSV export.

Bucket B: OTM Max Leverage ($50,000 ML budget)

All Candidates

ChainTypeStructureCtICBEThetaScore
Jan '27 (273d)Fortress$100C/$84P/$75P27$25,650$109.50 (+28%)$-80/d121,684
Jan '27 (273d)Pure$145C121$49,610$149.10 (+74%)$-281/d235,592
Jan '28 (644d)Fortress$83C/$94P/$85P15$36,300$107.20 (+25%)$-29/d105,135

★ = highest score. Score = WSPL x sqrt(DTE/365).

Best Fortress: $100C / $84P / $75P (Jan '27, 273d)

LegActionStrikePriceDelta
LCBUY$100.0C$11.60+0.486
SPSELL$84.0P$11.40-0.374
HPBUY$75.0P$9.30+0.282
CtICMLBEThetaLevScoreROIC
27$25,650$49,950 $109.50 (+28%)$-80/d 9.0x121,684+653%

Verdict: PURE LEAPS

Pure scores 235,592 vs fortress's 121,684. Better weighted P&L across scenarios.

P&L Comparison

MovePriceFortress 27ct Jan'27Pure 43ct Jan'27DiffWinner
-19%$69$-49,950$-49,880$-70(Pure)
+0%$86$-25,650$-49,880$+24,230(Fort)
+25%$107$-6,210$-18,920$+12,710(Fort)
+50%$129$+51,678$+73,272$-21,594(Pure)
+75%$150$+109,566$+165,464$-55,898(Pure)
+100%$172$+167,454$+257,656$-90,202(Pure)
+200%$257$+399,006$+626,424$-227,418(Pure)
LEAPS Builder v5.4 | 2026-04-17 14:16:03