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 15:06:44 · outside US RTH (marks off snapshot quotes; verify at execution)

MARA @ $6.92 → target $40 by Dec 2027

PURE LC · risk denominator = COST · expiry buffer 6mo · finance legs = fortress · LC scanned to 5.8× spot · ATM IV 93%

★ TOP PICK

590x $30C Dec-28

Value at target

$1,073,424

profit $1,006,518

ROI on COST

1504%

per dollar at risk

Max loss

$66,906

IC $66,906

Breakeven (exp)

$31

+350% vs spot

Roll-room at T

12.7 mo

380d left

Forecast score

15.199

min OI 430

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

If stock is	Price	Structure value	P&L (value − IC)
+0% vs spot	$6.92	$15,993	$-50,913
+239% vs spot	$23.46	$386,316	$+319,410
+359% vs spot	$31.73	$705,009	$+638,103
TARGET	$40.00	$1,073,381	$+1,006,475
+598% vs spot	$48.27	$1,474,655	$+1,407,749

Each row: what MARA Dec '28 is worth on the target date (380d / 12.7mo of life still left) if the stock lands at that price. Mid-life Black-Scholes marks (leg IV: LC 87%, 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 $66,906).

Ranked #1 of 24 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	Min OI	Score
2	$27C	Dec-28 (774d)	550	$66,990	$28	$1,071,383	1499%	12.7mo	645	15.151
3	$32C	Dec-28 (774d)	607	$66,922	$33	$1,060,488	1485%	12.7mo	1,958	15.013
4	$25C	Dec-28 (774d)	502	$66,942	$26	$1,031,462	1441%	12.7mo	8,753	14.597
5	$22C	Dec-28 (774d)	446	$66,967	$24	$990,137	1378%	12.7mo	281	14.007
6	$20C	Dec-28 (774d)	414	$66,944	$22	$967,493	1345%	12.7mo	826	13.692

BMNR @ $20.72 → target $70 by Dec 2027

PURE LC · risk denominator = COST · expiry buffer 6mo · finance legs = fortress · LC scanned to 3.4× spot · ATM IV 75%

★ TOP PICK

686x $40C Jun-28

Value at target

$2,248,437

profit $1,976,163

ROI on COST

726%

per dollar at risk

Max loss

$272,273

IC $272,273

Breakeven (exp)

$44

+112% vs spot

Roll-room at T

6.6 mo

198d left

Forecast score

8.258

min OI 16,100

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

If stock is	Price	Structure value	P&L (value − IC)
+0% vs spot	$20.72	$57,215	$-215,058
+119% vs spot	$45.36	$844,043	$+571,769
+178% vs spot	$57.68	$1,503,716	$+1,231,442
TARGET	$70.00	$2,248,223	$+1,975,949
+297% vs spot	$82.32	$3,038,378	$+2,766,104

Each row: what BMNR Jun '28 is worth on the target date (198d / 6.6mo of life still left) if the stock lands at that price. Mid-life Black-Scholes marks (leg IV: LC 72%, 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 $272,273).

Ranked #1 of 25 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	Min OI	Score
2	$37C	Jun-28 (592d)	617	$272,097	$41	$2,178,274	701%	6.6mo	10,810	8.005
3	$35C	Jun-28 (592d)	579	$272,362	$40	$2,139,850	686%	6.6mo	2,269	7.857
4	$32C	Jun-28 (592d)	529	$272,170	$37	$2,090,113	668%	6.6mo	1,635	7.679
5	$30C	Jun-28 (592d)	488	$272,084	$36	$2,008,176	638%	6.6mo	4,121	7.381
6	$27C	Jun-28 (592d)	428	$271,887	$33	$1,878,994	591%	6.6mo	865	6.911

IBIT @ $44.19 → target $127 by Mar 2028

PURE LC · risk denominator = COST · expiry buffer 6mo · finance legs = fortress · LC scanned to 2.9× spot · ATM IV 48%

★ TOP PICK

301x $90C Dec-28

Value at target

$1,333,890

profit $1,209,683

ROI on COST

974%

per dollar at risk

Max loss

$124,208

IC $124,208

Breakeven (exp)

$94

+113% vs spot

Roll-room at T

9.6 mo

289d left

Forecast score

10.739

min OI 40,071

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

If stock is	Price	Structure value	P&L (value − IC)
+0% vs spot	$44.19	$17,252	$-106,955
+94% vs spot	$85.59	$410,165	$+285,957
+141% vs spot	$106.30	$825,918	$+701,710
TARGET	$127.00	$1,333,924	$+1,209,716
+234% vs spot	$147.70	$1,895,384	$+1,771,176

Each row: what IBIT Dec '28 is worth on the target date (289d / 9.6mo of life still left) if the stock lands at that price. Mid-life Black-Scholes marks (leg IV: LC 47%, 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 $124,208).

Ranked #1 of 105 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	Min OI	Score
2	$85C	Dec-28 (774d)	266	$124,288	$90	$1,278,650	929%	9.6mo	3,554	10.288
3	$82C	Dec-28 (774d)	249	$124,450	$87	$1,254,540	908%	9.6mo	4,036	10.081
4	$81C	Dec-28 (774d)	243	$124,258	$86	$1,243,455	901%	9.6mo	328	10.007
5	$80C	Dec-28 (774d)	237	$124,425	$85	$1,231,898	890%	9.6mo	33,815	9.901
6	$85C	Jan-29 (809d)	249	$124,189	$90	$1,218,583	881%	10.8mo	1,740	9.812