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 15:24:05 · outside US RTH (marks off snapshot quotes; verify at execution)

IREN @ $24.71 → target $150 by Dec 2028

PURE LC · risk denominator = COST · expiry buffer 0mo · finance legs = fortress · LC scanned to 6.0× spot · ATM IV 96%

★ TOP PICK

46x $70C Jan-29 ⚠ a leg has 0 open interest (likely thin/unquoted; verify fills)

Value at target

$370,384

profit $340,484

ROI on COST

1139%

per dollar at risk

Max loss

$29,900

IC $29,900

Breakeven (exp)

$76

+210% vs spot

Roll-room at T

1.6 mo

49d left

Forecast score

12.387

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	$24.71	$17	$-29,883
+254% vs spot	$87.35	$99,199	$+69,299
+380% vs spot	$118.68	$228,952	$+199,052
TARGET	$150.00	$370,377	$+340,477
+634% vs spot	$181.32	$513,994	$+484,094

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 91%, 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 $29,900).

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	$65C	Jan-29 (809d)	42	$29,820	$72	$358,797	1103%	1.6mo	12.032
3	$50C	Jan-29 (809d)	34	$29,070	$59	$340,970	1073%	1.6mo	11.729
4	$75C	Jan-29 (809d)	46	$29,670	$81	$347,999	1073%	1.6mo	11.729
5	$90C	Jan-29 (809d)	57	$29,925	$95	$350,591	1072%	1.6mo	11.716
6	$60C	Jan-29 (809d)	38	$29,450	$68	$343,390	1066%	1.6mo	11.660

SPCX @ $138.54 → target $300 by Dec 2028

PURE LC · risk denominator = COST · expiry buffer 0mo · finance legs = fortress · LC scanned to 2.2× spot · ATM IV 52%

★ TOP PICK

30x $175C Dec-28 ⚠ a leg has 0 open interest (likely thin/unquoted; verify fills)

Value at target

$375,845

profit $278,345

ROI on COST

286%

per dollar at risk

Max loss

$97,500

IC $97,500

Breakeven (exp)

$208

+50% vs spot

Roll-room at T

0.5 mo

14d left

Forecast score

3.855

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	$138.54	$167	$-97,333
+58% vs spot	$219.27	$133,890	$+36,390
+87% vs spot	$259.63	$254,743	$+157,243
TARGET	$300.00	$375,837	$+278,337
+146% vs spot	$340.37	$496,932	$+399,432

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 52%, 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 $97,500).

Ranked #1 of 97 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	$180C	Dec-28 (774d)	32	$100,640	$211	$384,927	282%	0.5mo	3.825
3	$185C	Dec-28 (774d)	33	$99,825	$215	$380,483	281%	0.5mo	3.812
4	$170C	Dec-28 (774d)	29	$99,180	$204	$377,794	281%	0.5mo	3.809
5	$165C	Dec-28 (774d)	28	$99,820	$201	$378,744	279%	0.5mo	3.794
6	$190C	Dec-28 (774d)	34	$98,940	$219	$375,040	279%	0.5mo	3.791

MU @ $908.50 → target $2000 by Dec 2028

PURE LC · risk denominator = COST · expiry buffer 0mo · finance legs = fortress · LC scanned to 2.2× spot · ATM IV 54%

★ TOP PICK

4x $1100C Dec-28 ⚠ a leg has 0 open interest (likely thin/unquoted; verify fills)

Value at target

$360,708

profit $263,348

ROI on COST

270%

per dollar at risk

Max loss

$97,360

IC $97,360

Breakeven (exp)

$1,343

+48% vs spot

Roll-room at T

0.5 mo

14d left

Forecast score

3.705

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	$908.50	$509	$-96,851
+60% vs spot	$1,454.25	$142,449	$+45,089
+90% vs spot	$1,727.12	$251,552	$+154,192
TARGET	$2,000.00	$360,702	$+263,342
+150% vs spot	$2,272.88	$469,852	$+372,492

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 52%, 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 $97,360).

Ranked #1 of 325 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	$1040C	Dec-28 (774d)	4	$104,160	$1,300	$384,670	269%	0.5mo	3.693
3	$1020C	Dec-28 (774d)	4	$106,560	$1,286	$392,657	268%	0.5mo	3.685
4	$1050C	Dec-28 (774d)	4	$103,380	$1,308	$380,676	268%	0.5mo	3.682
5	$1000C	Dec-28 (774d)	4	$109,020	$1,273	$400,644	268%	0.5mo	3.675
6	$980C	Dec-28 (774d)	3	$83,730	$1,259	$306,473	266%	0.5mo	3.660