+30 Jan 19 '29 40C-30 Jan 21 '28 20P+30 Jan 21 '28 17P812 days leftCSV ND 13.24entry $29 -22.3%CC-SS $30.46 (+33% vs spot)BE-SS $53.24 (+132% vs spot)
Spot
$22.91
CBOE 2026-10-30 13:45:47
When to roll⏸ WAIT
Wait until 21 Oct 2028
812 days left. Nothing forces a roll before 21 Oct 2028 (90 days before expiry): waiting keeps today's structure and costs nothing extra in spread.
Holding as is costs about $17 a day in time decay (net theta of the three legs).
Re-run then, or sooner after a 15%+ drop (a lower price makes extending cheaper and more urgent).
Is the time worth buying• NO ROLL
Nothing to roll to: no admissible later expiry
Since 2026-10-23 it has banked $3,180, $11,121/mo with the open call chain marked to today's buyback; the last 90 days $11,121/mo against a $812/mo floor and a $1,624/mo design.
Safe calls (at or above the $30 CC-SS) only pay a normal premium from about $25 (+8% from here).
FIGHT engine (~0.30-delta calls below the CC-SS, where an assignment locks a loss): about $2,130/mo at whole book's realized keep of 71% (664 closed calls).
The record shows it fights: $11,121/mo earned against a modelled $2,130/mo, so FIGHT income counts toward the time.
No roll to judge the time on: no later LEAPS expiry, or no roll keeps the fortress's shape and upside.
Earnings 2026-11-10 (11 days): sell no new income into it.
Today, if you keep it
Value now (mid)
$24,225
Unrealized vs CSV ND
-$15,495
Max loss from here
$33,225
Margin it holds (IBKR)
$27,818
a close frees it; model $30,367; $30,367 on all ASST here
CC-SS
$30.46
safe call from $25
Net delta
+2200 sh
notional $68,719
Theta
-$17/day
net of the three legs
Short put time value
$6.30
assignment LOW
If you close it today
Whole-life P/L
-$12,495
legs + call income, all in
Legs vs entry
-$15,495
close LC / SP / HP at mid vs CSV ND
Call income banked
+$3,180
since entry, incl. the open chain
Cash to close today
+$24,045
legs at mid + call buyback -$180
If you hold to expiry instead
Whole-life P/L at expiry
+$47,946
expected; -$12,495 if closed today
Chance of break-even
100%
whole-life P/L at or above zero
Max loss left
$33,225
32% of the $48,720 at entry already taken
Worst case if held
-$45,720
legs at their worst, no call income
No roll and no close: calls written every cycle to Jan 19 '29 (FIGHT included). Spot at expiry is spread lognormal at realized vol, zero drift. Holding keeps $30,367 of margin a close would free, counted dollar for dollar: holding beats closing by $30,075.
Income outlook
Income history · since 2026-10-23
Banked since entry
$3,180
closed calls + open chain premium
Life-to-date pace
$11,121/mo
open chain marked to today's buyback
Last 90 days
$11,121/mo
Coverage Insights' window
Best month
$1,980
Oct 2026
$1,980
Oct
$1,200
open
life pace $11,121/mo
Closed call net per calendar month (first and last months are part months). The hatched bar is the open roll chain: premium collected but not yet closed. Hover a bar for detail.
Last 90 days vs design
$11,121/mo
TOO NEW
floor $812
design $1,624
held 7d, judged from 30d
Scanner's best pick today
$669/mo
Banked so far
$3,180
Whole-life P/L
-$7,935
Time with a call written
86%
Source: Coverage Insights 2026-10-30
Market now
Call IV (~35d)
98%
CBOE 30-day 89%
Regime
NEUTRAL
RSI 52
Next earnings
2026-11-10
11 days
FIGHT rate (model)
$2,130/mo
~0.30-delta calls x 71% keep
Where safe calls start paying
safe from $25
spot $23
Spot needs +8% before a safe call pays a normal premium.
What the time buys
No admissible roll.
Roll choices
Cash received is green, paid is red. Margin freed is green, added is red. Extra income is the model's expected income the extra time adds, FIGHT calls included at the realized keep; extra safe income counts calls at or above the CC-SS only.
Side by side
Family
Expiry
LC
SP
HP
Cash mid
Hedge est
Margin chg
Extra income
Extra safe
Restart
Value incl. income
Max loss
CC-SS
Delta sh
KEEP
held
Jan 19 '29
40
20
17
-
-
-
-
-
50%
-
$33,225
$30.46
+2200
Top 25 candidates on
Family
Expiry
LC
SP
HP
Cash mid
Hedge est
Margin chg
Extra income
Extra safe
Restart
Value incl. income
Max loss
CC-SS
Delta sh
How this was built
0 rolls on the real strikes of ; 0 pass the rules: the new short put keeps real time value, the break-even at expiry stays within 3% of today's ($53.24), max loss within 10% over the entry max loss, CC-SS within 5% (no rule in Fight mode), margin added under 15% of the account's spare room. Early assignment is judged as the put's holder would: an American put priced at its market mid, exercised where that beats holding; at most 50% odds within 12 months.
FULL rolls all three legs (a held hedge). LEAPS ONLY keeps today's hedge for Repair's ledger, charged the estimated cost of carrying it to the new expiry. The short call never rolls.
Margin: the What-if model (IBKR-calibrated scan, calib 1.34), this underlying only. IBKR's what-if on the ticket is the final word.
Income model: one 35-day call per cycle while the LEAPS cover it; spot lognormal at realized vol = call IV x (1 - 0.15); premium Black-Scholes at the call IV (98%). SAFE writes at max(CC-SS, the ~0.30-delta strike); CC-SS held at today's value (no credit for banked income, so conservative). Track record mirrored from Coverage Insights.
Positions + margin model from Repair 2026-10-30 21:34. The open covered call is untouched. Read-only: no order is placed or staged. leaps_extend v1.2.