LEAPS Builder — Forecast Mode

Point-forecast optimizer: the structure worth the most AT your target price ON your target date, per dollar at risk (mid-life mark, roll-room retained). 2026-11-02 15:21:51 · outside US RTH (marks off snapshot quotes; verify at execution)

IREN @ $24.73 → target $100 by Dec 2028

PURE LC · risk denominator = COST · expiry buffer 0mo · finance legs = fortress · LC scanned to 4.0× spot · ATM IV 96%

★ TOP PICK

28x $38C Jan-29 ⚠ a leg has 0 open interest (likely thin/unquoted; verify fills)

Value at target

$174,237

profit $144,837

ROI on COST

493%

per dollar at risk

Max loss

$29,400

IC $29,400

Breakeven (exp)

$48

+96% vs spot

Roll-room at T

1.6 mo

49d left

Forecast score

5.926

min OI 0

Value & P&L at the target date, across prices

If stock is	Price	Structure value	P&L (value − IC)
+0% vs spot	$24.73	$1,502	$-27,898
+152% vs spot	$62.36	$70,283	$+40,883
+228% vs spot	$81.18	$121,741	$+92,341
TARGET	$100.00	$174,235	$+144,835
+380% vs spot	$118.82	$226,893	$+197,493

Each row: what IREN Jan '29 is worth on the target date (49d / 1.6mo of life still left) if the stock lands at that price. Mid-life Black-Scholes marks (leg IV: LC 94%, implied from each leg’s own quote when the feed gave iv=0), so time value / roll-room is retained — not expiry intrinsic. P&L = value minus what you paid to open (IC $29,400).

Ranked #1 of 23 valid structures by value at target per dollar of max loss (size-invariant). Score = value-at-target / cost × roll-room shaping.

Other picks for reference (5) — next-best structures by score

#	Structure	Expiry	Ct	Max Loss	BE	Value @ Target	ROI	Roll-room	Score
2	$50C	Jan-29 (809d)	34	$29,070	$59	$171,520	490%	1.6mo	5.900
3	$42C	Jan-29 (809d)	30	$29,700	$52	$174,816	489%	1.6mo	5.886
4	$33C	Jan-29 (809d)	26	$29,770	$44	$174,691	487%	1.6mo	5.868
5	$30C	Jan-29 (809d)	24	$28,800	$42	$168,408	485%	1.6mo	5.848
6	$35C	Jan-29 (809d)	26	$29,900	$46	$169,527	467%	1.6mo	5.670

SPCX @ $138.51 → target $200 by Dec 2028

PURE LC · risk denominator = COST · expiry buffer 0mo · finance legs = fortress · LC scanned to 2.0× spot · ATM IV 52%

★ TOP PICK

16x $100C Dec-28 ⚠ a leg has 0 open interest (likely thin/unquoted; verify fills)

Value at target

$160,258

profit $61,858

ROI on COST

63%

per dollar at risk

Max loss

$98,400

IC $98,400

Breakeven (exp)

$162

+17% vs spot

Roll-room at T

0.5 mo

14d left

Forecast score

1.629

min OI 0

Value & P&L at the target date, across prices

If stock is	Price	Structure value	P&L (value − IC)
+0% vs spot	$138.51	$61,877	$-36,523
+22% vs spot	$169.25	$111,063	$+12,663
+33% vs spot	$184.63	$135,659	$+37,259
TARGET	$200.00	$160,255	$+61,855
+55% vs spot	$215.37	$184,851	$+86,451

Each row: what SPCX Dec '28 is worth on the target date (14d / 0.5mo of life still left) if the stock lands at that price. Mid-life Black-Scholes marks (leg IV: LC 54%, implied from each leg’s own quote when the feed gave iv=0), so time value / roll-room is retained — not expiry intrinsic. P&L = value minus what you paid to open (IC $98,400).

Ranked #1 of 88 valid structures by value at target per dollar of max loss (size-invariant). Score = value-at-target / cost × roll-room shaping.

Other picks for reference (5) — next-best structures by score

#	Structure	Expiry	Ct	Max Loss	BE	Value @ Target	ROI	Roll-room	Score
2	$95C	Dec-28 (774d)	15	$97,275	$160	$157,729	62%	0.5mo	1.621
3	$75C	Dec-28 (774d)	13	$100,425	$152	$162,657	62%	0.5mo	1.620
4	$90C	Dec-28 (774d)	14	$95,340	$158	$154,203	62%	0.5mo	1.617
5	$80C	Dec-28 (774d)	13	$96,655	$154	$156,167	62%	0.5mo	1.616
6	$75C	Jan-29 (809d)	12	$93,240	$153	$150,506	61%	1.6mo	1.614

MU @ $908.00 → target $1600 by Dec 2028

PURE LC · risk denominator = COST · expiry buffer 0mo · finance legs = fortress · LC scanned to 2.0× spot · ATM IV 54%

★ TOP PICK

3x $810C Dec-28 ⚠ a leg has 0 open interest (likely thin/unquoted; verify fills)

Value at target

$237,391

profit $135,511

ROI on COST

133%

per dollar at risk

Max loss

$101,880

IC $101,880

Breakeven (exp)

$1,150

+27% vs spot

Roll-room at T

0.5 mo

14d left

Forecast score

2.330

min OI 0

Value & P&L at the target date, across prices

If stock is	Price	Structure value	P&L (value − IC)
+0% vs spot	$908.00	$31,643	$-70,237
+38% vs spot	$1,254.00	$133,588	$+31,708
+57% vs spot	$1,427.00	$185,488	$+83,608
TARGET	$1,600.00	$237,388	$+135,508
+95% vs spot	$1,773.00	$289,288	$+187,408

Each row: what MU Dec '28 is worth on the target date (14d / 0.5mo of life still left) if the stock lands at that price. Mid-life Black-Scholes marks (leg IV: LC 54%, implied from each leg’s own quote when the feed gave iv=0), so time value / roll-room is retained — not expiry intrinsic. P&L = value minus what you paid to open (IC $101,880).

Ranked #1 of 289 valid structures by value at target per dollar of max loss (size-invariant). Score = value-at-target / cost × roll-room shaping.

Other picks for reference (5) — next-best structures by score

#	Structure	Expiry	Ct	Max Loss	BE	Value @ Target	ROI	Roll-room	Score
2	$750C	Dec-28 (774d)	3	$109,815	$1,116	$255,362	132%	0.5mo	2.325
3	$800C	Dec-28 (774d)	3	$103,440	$1,145	$240,386	132%	0.5mo	2.324
4	$760C	Dec-28 (774d)	3	$108,600	$1,122	$252,367	132%	0.5mo	2.324
5	$830C	Dec-28 (774d)	3	$99,690	$1,162	$231,401	132%	0.5mo	2.321
6	$780C	Dec-28 (774d)	3	$106,200	$1,134	$246,377	132%	0.5mo	2.320

LLY @ $1,417.00 → target $4200 by Dec 2028

PURE LC · risk denominator = COST · expiry buffer 0mo · finance legs = fortress · LC scanned to 3.0× spot · ATM IV 38%

★ TOP PICK

3x $2080C Dec-28 ⚠ a leg has 0 open interest (likely thin/unquoted; verify fills)

Value at target

$637,004

profit $584,053

ROI on COST

1103%

per dollar at risk

Max loss

$52,952

IC $52,952

Breakeven (exp)

$2,257

+59% vs spot

Roll-room at T

0.5 mo

14d left

Forecast score

12.030

min OI 0

Value & P&L at the target date, across prices

If stock is	Price	Structure value	P&L (value − IC)
+0% vs spot	$1,417.00	$0	$-52,951
+98% vs spot	$2,808.50	$219,545	$+166,594
+147% vs spot	$3,504.25	$428,270	$+375,319
TARGET	$4,200.00	$636,995	$+584,044
+246% vs spot	$4,895.75	$845,720	$+792,769

Each row: what LLY Dec '28 is worth on the target date (14d / 0.5mo of life still left) if the stock lands at that price. Mid-life Black-Scholes marks (leg IV: LC 38%, implied from each leg’s own quote when the feed gave iv=0), so time value / roll-room is retained — not expiry intrinsic. P&L = value minus what you paid to open (IC $52,952).

Ranked #1 of 138 valid structures by value at target per dollar of max loss (size-invariant). Score = value-at-target / cost × roll-room shaping.

Other picks for reference (5) — next-best structures by score

#	Structure	Expiry	Ct	Max Loss	BE	Value @ Target	ROI	Roll-room	Score
2	$2060C	Dec-28 (774d)	3	$54,205	$2,241	$642,995	1086%	0.5mo	11.862
3	$2040C	Dec-28 (774d)	3	$55,456	$2,225	$648,985	1070%	0.5mo	11.703
4	$2020C	Dec-28 (774d)	3	$56,706	$2,209	$654,975	1055%	0.5mo	11.550
5	$2080C	Jan-29 (809d)	3	$55,755	$2,266	$639,508	1047%	1.6mo	11.470
6	$2000C	Dec-28 (774d)	3	$57,969	$2,193	$660,966	1040%	0.5mo	11.402