+5 Dec 17 '27 310C413 days leftCSV ND 82.50entry $335 -16.7%CC-SS $355.57 (+27% vs spot)BE-SS $392.50 (+41% vs spot)
Spot
$279.17
CBOE 2026-10-30 01:15:52
When to roll⏸ WAIT
Wait until 18 Sep 2027
413 days left. Nothing forces a roll before 18 Sep 2027 (90 days before expiry): waiting keeps today's structure and costs nothing extra in spread.
Holding as is costs about $22 a day in time decay (net theta of the three legs).
The best roll lowers the CC-SS from $356 to $346: covered calls can be written $9 closer to spot.
Re-run then, or sooner after a 15%+ drop (a lower price makes extending cheaper and more urgent).
Is the time worth buying✓ EXTEND
It fights for its income: the extra time pays for the roll
Since 2026-04-23 it has banked $9,438, $1,413/mo with the open call chain marked to today's buyback; the last 90 days $813/mo against a $688/mo floor and a $1,375/mo design.
Safe calls (at or above the $356 CC-SS) only pay a normal premium from about $337 (+21% from here).
FIGHT engine (~0.30-delta calls below the CC-SS, where an assignment locks a loss): about $1,686/mo at GOOG's realized keep of 78% (49 closed calls).
The record shows it fights: $1,413/mo earned against a modelled $1,686/mo, so FIGHT income counts toward the time.
Extending to Jan 19 '29 buys 13 months. Expected income to expiry with FIGHT: $22,397 if you keep, $47,940 after the roll; safe calls alone: $5,922 vs $17,753. Odds safe calls restart: 39% vs 53%.
At the record's pace the extra 13 months are worth about $18,548.
Today, if you keep it
Value now (mid)
$17,962
Unrealized vs CSV ND
-$23,288
Max loss from here
$17,962
Margin it holds (model)
$9,612
a close frees it; $9,612 on all GOOG here
CC-SS
$355.57
safe call from $337
Net delta
+269 sh
notional $139,583
Theta
-$22/day
net of the three legs
Short put time value
-
If you close it today
Whole-life P/L
-$14,432
legs + call income, all in
Legs vs entry
-$23,288
close LC / SP / HP at mid vs CSV ND
Call income banked
+$9,438
since entry, incl. the open chain
Cash to close today
+$17,380
legs at mid + call buyback -$582
If you hold to expiry instead
Whole-life P/L at expiry
-$851
expected; -$14,432 if closed today
Chance of break-even
22%
whole-life P/L at or above zero
Max loss left
$17,962
56% of the $41,250 at entry already taken
Worst case if held
-$32,395
legs at their worst, no call income
No roll and no close: calls written every cycle to Dec 17 '27 (FIGHT included). Spot at expiry is spread lognormal at realized vol, zero drift. Holding keeps $9,612 of margin a close would free, counted dollar for dollar: holding beats closing by $3,970.
Recommended roll
BEST: cash + margin · also BEST WITH INCOME, MOST CASH, LEAST MARGIN, LOWEST MAX LOSS
-$15,862
cash at mid today (natural -$17,400)
FULLJan 19 '29+13 months
SELL 5 Dec 17 '27 310C (close)
BUY 5 Jan 19 '29 290C (open)
Margin change
+$3,872
freed is good; IBKR: IBKR's margin engine answers only in US market hours (21:30-04:00 SGT)
Hedge extension (est.)
none
hedge rolled too
Income over the time bought
$18,548
actual: $1,413 a month x 13 months; covers 117% of the max loss it adds
Restart odds
39% → 53%
safe calls paying before expiry
Max loss from here
$33,825
+$15,862 vs keep
CC-SS
$346.46
now $355.57
CSV ND after
114.22
at a mid fill
Income outlook
Income history · since 2026-04-23
Banked since entry
$9,438
closed calls + open chain premium
Life-to-date pace
$1,413/mo
open chain marked to today's buyback
Last 90 days
$813/mo
Coverage Insights' window
Best month
$4,348
Jul 2026
Apr
May
Jun
$4,348
Jul
Aug
Sep
Oct
$705
open
life pace $1,413/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
$813/mo
floor $688
design $1,375
Scanner's best pick today
$614/mo
Banked so far
$9,438
Whole-life P/L
-$14,417
Time with a call written
83%
Source: Coverage Insights 2026-10-30
Market now
Call IV (~35d)
30%
CBOE 30-day 29%
Regime
OVERSOLD
RSI 34
Next earnings
2027-02-03
97 days
FIGHT rate (model)
$1,686/mo
~0.30-delta calls x 78% keep
Where safe calls start paying
safe from $337
spot $279
Spot needs +21% before a safe call pays a normal premium.
What the time buys
Expected income to expiry, FIGHT included (model)
Keep Dec 17 '27
$22,397
Roll Jan 19 '29
$47,940
Odds safe calls start paying before expiry
Keep Dec 17 '27
39%
Roll Jan 19 '29
53%
Safe calls alone (never below the CC-SS)
Keep Dec 17 '27
$5,922
Roll Jan 19 '29
$17,753
Months bought
13
Worth at the record's pace
$18,548
Engine state
FIGHTING
Roll choices on Jan 19 '29
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.
BEST: cash + margin
Most cash received net of margin added (the 2026-10-22 rule): the recommended roll.
FULLJan 19 '29also BEST WITH INCOMEalso MOST CASHalso LEAST MARGINalso LOWEST MAX LOSS
Cash at mid
-$15,862
Margin change
+$3,872
Strikes
290C / - / -
Cash at natural
-$17,400
Extra income, FIGHT incl. (model)
+$25,543 (+$1,946/mo)
Extra safe income (model)
+$11,831 (+$901/mo)
Restart odds
53% (keep 39%)
Value incl. income
+$5,808
Max loss from here
$33,825 (+$15,862)
CC-SS
$346.46 (now $355.57)
Net delta
+338 sh (now +269)
CSV ND after
114.22
Worst spread / min OI
4% / 63
Danger point
none to -60% (now none to -60%)
Order legs
SELL 5 Dec 17 '27 310C (close)
BUY 5 Jan 19 '29 290C (open)
INCOME ENGINE
Most expected income to the new expiry, FIGHT included (model).
FULLJan 19 '29
Cash at mid
-$22,562
Margin change
+$5,813
Strikes
260C / - / -
Cash at natural
-$24,525
Extra income, FIGHT incl. (model)
+$25,647 (+$1,954/mo)
Extra safe income (model)
+$13,122 (+$1,000/mo)
Restart odds
56% (keep 39%)
Value incl. income
-$2,729
Max loss from here
$40,525 (+$22,562)
CC-SS
$340.81 (now $355.57)
Net delta
+374 sh (now +269)
CSV ND after
127.62
Worst spread / min OI
5% / 50
Danger point
none to -60% (now none to -60%)
Order legs
SELL 5 Dec 17 '27 310C (close)
BUY 5 Jan 19 '29 260C (open)
SAME STRIKES
The held strikes rolled straight out (reference).
FULLJan 19 '29
Cash at mid
-$12,012
Margin change
+$2,653
Strikes
310C / - / -
Cash at natural
-$13,425
Extra income, FIGHT incl. (model)
+$25,475 (+$1,941/mo)
Extra safe income (model)
+$11,045 (+$842/mo)
Restart odds
51% (keep 39%)
Value incl. income
+$10,810
Max loss from here
$29,975 (+$12,012)
CC-SS
$350.68 (now $355.57)
Net delta
+314 sh (now +269)
CSV ND after
106.53
Worst spread / min OI
3% / 454
Danger point
none to -60% (now none to -60%)
Order legs
SELL 5 Dec 17 '27 310C (close)
BUY 5 Jan 19 '29 310C (open)
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
Dec 17 '27
310
-
-
-
-
-
-
-
39%
-
$17,962
$355.57
+269
BEST
FULL
Jan 19 '29
290
-
-
-$15,862
-
+$3,872
+$25,543 +$1,946/mo
+$11,831 +$901/mo
53%
+$5,808
$33,825
$346.46
+338
BEST WITH INCOME
FULL
Jan 19 '29
290
-
-
-$15,862
-
+$3,872
+$25,543 +$1,946/mo
+$11,831 +$901/mo
53%
+$5,808
$33,825
$346.46
+338
MOST CASH
FULL
Jan 19 '29
290
-
-
-$15,862
-
+$3,872
+$25,543 +$1,946/mo
+$11,831 +$901/mo
53%
+$5,808
$33,825
$346.46
+338
LEAST MARGIN
FULL
Jan 19 '29
290
-
-
-$15,862
-
+$3,872
+$25,543 +$1,946/mo
+$11,831 +$901/mo
53%
+$5,808
$33,825
$346.46
+338
LOWEST MAX LOSS
FULL
Jan 19 '29
290
-
-
-$15,862
-
+$3,872
+$25,543 +$1,946/mo
+$11,831 +$901/mo
53%
+$5,808
$33,825
$346.46
+338
INCOME ENGINE
FULL
Jan 19 '29
260
-
-
-$22,562
-
+$5,813
+$25,647 +$1,954/mo
+$13,122 +$1,000/mo
56%
-$2,729
$40,525
$340.81
+374
SAME STRIKES
FULL
Jan 19 '29
310
-
-
-$12,012
-
+$2,653
+$25,475 +$1,941/mo
+$11,045 +$842/mo
51%
+$10,810
$29,975
$350.68
+314
Cost of waiting
The BEST roll done later instead of today (-$15,862 at mid). Black-Scholes at each leg's IV, aged and moved, anchored on today's market. Estimates.
Roll on
Days before expiry
Spot -30% ($195)
Spot +0% ($279)
Spot +30% ($363)
Today
413
-
-$15,862
-
2027-09-18
90
-$6,101
-$19,722
-$23,772
2027-11-02
45
-$5,458
-$20,809
-$24,693
How much time to buy
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
Dec 15 '28
FULL
Dec 15 '28
290
-
-
-$15,438
-
+$3,791
+$23,410 +$1,955/mo
+$10,799 +$902/mo
52%
+$4,181
$33,400
$346.75
+336
Jan 19 '29
FULL
Jan 19 '29
290
-
-
-$15,862
-
+$3,872
+$25,543 +$1,946/mo
+$11,831 +$901/mo
53%
+$5,808
$33,825
$346.46
+338
Top 25 candidates on Jan 19 '29
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
1
FULL
Jan 19 '29
290
-
-
-$15,862
-
+$3,872
+$25,543 +$1,946/mo
+$11,831 +$901/mo
53%
+$5,808
$33,825
$346.46
+338
2
FULL
Jan 19 '29
280
-
-
-$17,950
-
+$4,505
+$25,581 +$1,949/mo
+$12,281 +$936/mo
54%
+$3,126
$35,912
$344.48
+350
3
FULL
Jan 19 '29
270
-
-
-$20,300
-
+$5,160
+$25,616 +$1,952/mo
+$12,701 +$968/mo
55%
+$155
$38,262
$342.62
+362
4
FULL
Jan 19 '29
260
-
-
-$22,562
-
+$5,813
+$25,647 +$1,954/mo
+$13,122 +$1,000/mo
56%
-$2,729
$40,525
$340.81
+374
How this was built
13 rolls on the real strikes of Dec 15 '28, Jan 19 '29; 7 pass the rules: the new short put keeps real time value, the break-even at expiry stays within 3% of today's ($392.50), 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 1.15), 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 (30%). 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 03:50. The open covered call is untouched. Read-only: no order is placed or staged. leaps_extend v1.2.