+15 Jan 21 '28 300C-15 Jan 21 '28 345P+15 Jan 21 '28 310P448 days leftCSV ND 73.00entry $335 -16.7%CC-SS $352.17 (+26% vs spot)BE-SS $373.00 (+34% vs spot)
Spot
$279.17
CBOE 2026-10-30 01:15:52
When to roll⏸ WAIT
Wait until 23 Oct 2027
448 days left. Nothing forces a roll before 23 Oct 2027 (90 days before expiry): waiting keeps today's structure and costs nothing extra in spread.
Short put deep in the money with $9 of time value (65% of a year's carry on the strike): assignment risk is real; check it weekly.
Holding as is costs about $61 a day in time decay (net theta of the three legs).
The new expiry is still wide (worst leg spread 9% of mid, open interest as low as 40): work the order at mid, never natural.
The best roll lowers the CC-SS from $352 to $348: covered calls can be written $5 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 $25,468, $3,790/mo with the open call chain marked to today's buyback; the last 90 days $2,997/mo against a $2,700/mo floor and a $5,400/mo design.
Safe calls (at or above the $352 CC-SS) only pay a normal premium from about $334 (+20% from here).
FIGHT engine (~0.30-delta calls below the CC-SS, where an assignment locks a loss): about $5,059/mo at GOOG's realized keep of 78% (49 closed calls).
The record shows it fights: $3,790/mo earned against a modelled $5,059/mo, so FIGHT income counts toward the time.
Extending to Jan 19 '29 buys 12 months. Expected income to expiry with FIGHT: $73,668 if you keep, $143,752 after the roll; safe calls alone: $21,144 vs $52,498. Odds safe calls restart: 42% vs 52%.
At the record's pace the extra 12 months are worth about $45,385.
Today, if you keep it
Value now (mid)
$27,337
Unrealized vs CSV ND
-$82,162
Max loss from here
$79,838
Margin it holds (model)
$46,020
a close frees it; $52,583 on all GOOG here
CC-SS
$352.17
safe call from $334
Net delta
+1088 sh
notional $418,749
Theta
-$61/day
net of the three legs
Short put time value
$8.92
assignment WATCH
If you close it today
Whole-life P/L
-$58,442
legs + call income, all in
Legs vs entry
-$82,162
close LC / SP / HP at mid vs CSV ND
Call income banked
+$25,468
since entry, incl. the open chain
Cash to close today
+$25,590
legs at mid + call buyback -$1,748
If you hold to expiry instead
Whole-life P/L at expiry
-$17,900
expected; -$58,442 if closed today
Chance of break-even
24%
whole-life P/L at or above zero
Max loss left
$79,838
51% of the $162,000 at entry already taken
Worst case if held
-$138,279
legs at their worst, no call income
No roll and no close: calls written every cycle to Jan 21 '28 (FIGHT included). Spot at expiry is spread lognormal at realized vol, zero drift. Holding keeps $46,020 of margin a close would free, counted dollar for dollar: holding trails closing by $5,478.
Recommended roll
BEST: cash + margin · also BEST WITH INCOME, MOST CASH
+$15,187
cash at mid today (natural +$525)
FULLJan 19 '29+12 months
SELL 15 Jan 21 '28 300C (close)
BUY 15 Jan 21 '28 345P (close)
SELL 15 Jan 21 '28 310P (close)
BUY 15 Jan 19 '29 320C (open)
SELL 15 Jan 19 '29 350P (open)
BUY 15 Jan 19 '29 270P (open)
Margin change
+$12,795
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
$45,385
actual: $3,790 a month x 12 months; covers 87% of the max loss it adds
Restart odds
42% → 52%
safe calls paying before expiry
Max loss from here
$132,150
+$52,312 vs keep
CC-SS
$347.56
now $352.17
CSV ND after
62.88
at a mid fill
If you're assigned
Odds of early assignment within 12 months: 69% The holder exercises once the stock is at or below $236 in 6 months..
Close everything now: +$27,337. Wait for assignment: +$40,711 (the put spread -$22,626, plus the 300C you keep, worth $63,337). About the same, and waiting keeps the call income.
On assignment: sell the shares and sell the hedge put (never exercise it): $22,626 more ($15 a share). Basis 88.08; the 300C alone has CC-SS $350.93 (now $352.17), break-even $388, margin about zero.
Calls afterwards (Dec 04 '26, 35d): a 300C (at or above the call) about $6,712 a cycle; a 300C (~0.30 delta) about $6,712 a cycle, but a rally can cost up to $0 a cycle. The 300C loses about $1,822 a month to time.
Ride the 300C: safe calls out-earn its decay.
Income outlook
Income history · since 2026-04-23
Banked since entry
$25,468
closed calls + open chain premium
Life-to-date pace
$3,790/mo
open chain marked to today's buyback
Last 90 days
$2,997/mo
Coverage Insights' window
Best month
$8,529
Jul 2026
Apr
May
Jun
$8,529
Jul
Aug
Sep
Oct
$2,115
open
life pace $3,790/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
$2,997/mo
EARNING ITS KEEP
floor $2,700
design $5,400
$2,997/mo earned, at least half of the $5,400/mo it is designed to earn
Scanner's best pick today
$2,309/mo
Banked so far
$25,468
Whole-life P/L
-$58,659
Time with a call written
75%
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)
$5,059/mo
~0.30-delta calls x 78% keep
Where safe calls start paying
safe from $334
spot $279
Spot needs +20% before a safe call pays a normal premium.
What the time buys
Expected income to expiry, FIGHT included (model)
Keep Jan 21 '28
$73,668
Roll Jan 19 '29
$143,752
Odds safe calls start paying before expiry
Keep Jan 21 '28
42%
Roll Jan 19 '29
52%
Safe calls alone (never below the CC-SS)
Keep Jan 21 '28
$21,144
Roll Jan 19 '29
$52,498
Months bought
12
Worth at the record's pace
$45,385
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 CASH
Cash at mid
+$15,187
Margin change
+$12,795
Strikes
320C / -350P / +270P
Cash at natural
+$525
Extra income, FIGHT incl. (model)
+$70,084 (+$5,853/mo)
Extra safe income (model)
+$31,354 (+$2,619/mo)
Restart odds
52% (keep 42%)
Value incl. income
+$72,477
Max loss from here
$132,150 (+$52,312)
CC-SS
$347.56 (now $352.17)
Net delta
+1290 sh (now +1088)
CSV ND after
62.88
Worst spread / min OI
9% / 40
Danger point
-19% (now -23%)
Order legs
SELL 15 Jan 21 '28 300C (close)
BUY 15 Jan 21 '28 345P (close)
SELL 15 Jan 21 '28 310P (close)
BUY 15 Jan 19 '29 320C (open)
SELL 15 Jan 19 '29 350P (open)
BUY 15 Jan 19 '29 270P (open)
LEAST MARGIN
Largest drop (or smallest rise) in maintenance margin.
LEAPS ONLYJan 19 '29
Cash at mid
-$31,388
Margin change
-$615
Strikes
290C / -340P / +310P (kept)
Cash at natural
-$40,200
Hedge extension (est.)
-$14,250
Extra income, FIGHT incl. (model)
+$69,765 (+$5,827/mo)
Extra safe income (model)
+$27,737 (+$2,317/mo)
Restart odds
49% (keep 42%)
Value incl. income
+$24,743
Max loss from here
$103,725 (+$23,888)
CC-SS
$354.71 (now $352.17)
Net delta
+1077 sh (now +1088)
CSV ND after
93.93
Worst spread / min OI
6% / 63
Danger point
-24% (now -23%)
Order legs
SELL 15 Jan 21 '28 300C (close)
BUY 15 Jan 21 '28 345P (close)
BUY 15 Jan 19 '29 290C (open)
SELL 15 Jan 19 '29 340P (open)
LOWEST MAX LOSS
Smallest worst-case loss from here.
LEAPS ONLYJan 19 '29
Cash at mid
-$15,038
Margin change
-$249
Strikes
300C / -350P / +310P (kept)
Cash at natural
-$22,425
Hedge extension (est.)
-$14,250
Extra income, FIGHT incl. (model)
+$69,757 (+$5,826/mo)
Extra safe income (model)
+$27,649 (+$2,309/mo)
Restart odds
49% (keep 42%)
Value incl. income
+$40,719
Max loss from here
$102,375 (+$22,538)
CC-SS
$354.89 (now $352.17)
Net delta
+1090 sh (now +1088)
CSV ND after
83.03
Worst spread / min OI
5% / 40
Danger point
-23% (now -23%)
Order legs
SELL 15 Jan 21 '28 300C (close)
BUY 15 Jan 21 '28 345P (close)
BUY 15 Jan 19 '29 300C (open)
SELL 15 Jan 19 '29 350P (open)
INCOME ENGINE
Most expected income to the new expiry, FIGHT included (model).
FULLJan 19 '29
Cash at mid
-$33,713
Margin change
+$13,056
Strikes
280C / -340P / +290P
Cash at natural
-$47,775
Extra income, FIGHT incl. (model)
+$70,209 (+$5,864/mo)
Extra safe income (model)
+$32,779 (+$2,738/mo)
Restart odds
53% (keep 42%)
Value incl. income
+$23,441
Max loss from here
$136,050 (+$56,212)
CC-SS
$345.48 (now $352.17)
Net delta
+1294 sh (now +1088)
CSV ND after
95.48
Worst spread / min OI
7% / 71
Danger point
-19% (now -23%)
Order legs
SELL 15 Jan 21 '28 300C (close)
BUY 15 Jan 21 '28 345P (close)
SELL 15 Jan 21 '28 310P (close)
BUY 15 Jan 19 '29 280C (open)
SELL 15 Jan 19 '29 340P (open)
BUY 15 Jan 19 '29 290P (open)
SAME STRIKES
The held strikes rolled straight out (reference).
FULLJan 19 '29
Cash at mid
-$11,100
Margin change
+$11,322
Strikes
300C / -350P / +290P
Cash at natural
-$24,300
Extra income, FIGHT incl. (model)
+$70,093 (+$5,854/mo)
Extra safe income (model)
+$31,451 (+$2,627/mo)
Restart odds
52% (keep 42%)
Value incl. income
+$47,671
Max loss from here
$128,438 (+$48,600)
CC-SS
$347.42 (now $352.17)
Net delta
+1270 sh (now +1088)
CSV ND after
80.40
Worst spread / min OI
7% / 40
Danger point
-20% (now -23%)
Order legs
SELL 15 Jan 21 '28 300C (close)
BUY 15 Jan 21 '28 345P (close)
SELL 15 Jan 21 '28 310P (close)
BUY 15 Jan 19 '29 300C (open)
SELL 15 Jan 19 '29 350P (open)
BUY 15 Jan 19 '29 290P (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
Jan 21 '28
300
345
310
-
-
-
-
-
42%
-
$79,838
$352.17
+1088
BEST
FULL
Jan 19 '29
320
350
270
+$15,187
-
+$12,795
+$70,084 +$5,853/mo
+$31,354 +$2,619/mo
52%
+$72,477
$132,150
$347.56
+1290
BEST WITH INCOME
FULL
Jan 19 '29
320
350
270
+$15,187
-
+$12,795
+$70,084 +$5,853/mo
+$31,354 +$2,619/mo
52%
+$72,477
$132,150
$347.56
+1290
MOST CASH
FULL
Jan 19 '29
320
350
270
+$15,187
-
+$12,795
+$70,084 +$5,853/mo
+$31,354 +$2,619/mo
52%
+$72,477
$132,150
$347.56
+1290
LEAST MARGIN
LEAPS ONLY
Jan 19 '29
290
340
310 (kept)
-$31,388
-$14,250
-$615
+$69,765 +$5,827/mo
+$27,737 +$2,317/mo
49%
+$24,743
$103,725
$354.71
+1077
LOWEST MAX LOSS
LEAPS ONLY
Jan 19 '29
300
350
310 (kept)
-$15,038
-$14,250
-$249
+$69,757 +$5,826/mo
+$27,649 +$2,309/mo
49%
+$40,719
$102,375
$354.89
+1090
INCOME ENGINE
FULL
Jan 19 '29
280
340
290
-$33,713
-
+$13,056
+$70,209 +$5,864/mo
+$32,779 +$2,738/mo
53%
+$23,441
$136,050
$345.48
+1294
SAME STRIKES
FULL
Jan 19 '29
300
350
290
-$11,100
-
+$11,322
+$70,093 +$5,854/mo
+$31,451 +$2,627/mo
52%
+$47,671
$128,438
$347.42
+1270
Cost of waiting
The BEST roll done later instead of today (+$15,187 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
448
-
+$15,187
-
2027-10-23
90
+$42,403
-$2,039
+$4,159
2027-12-07
45
+$45,174
-$9,513
+$6,297
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
300
340
280
-$12,638
-
+$11,074
+$63,713 +$5,887/mo
+$28,586 +$2,641/mo
52%
+$40,001
$129,975
$347.41
+1261
Jan 19 '29
FULL
Jan 19 '29
320
350
270
+$15,187
-
+$12,795
+$70,084 +$5,853/mo
+$31,354 +$2,619/mo
52%
+$72,477
$132,150
$347.56
+1290
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
320
350
270
+$15,187
-
+$12,795
+$70,084 +$5,853/mo
+$31,354 +$2,619/mo
52%
+$72,477
$132,150
$347.56
+1290
2
FULL
Jan 19 '29
310
345
270
+$3,562
-
+$13,846
+$70,146 +$5,858/mo
+$32,045 +$2,676/mo
53%
+$59,862
$136,275
$346.56
+1301
3
FULL
Jan 19 '29
310
350
280
+$1,275
-
+$11,736
+$70,086 +$5,853/mo
+$31,374 +$2,620/mo
52%
+$59,625
$131,062
$347.53
+1280
4
FULL
Jan 19 '29
310
340
270
-$1,125
-
+$12,424
+$70,094 +$5,854/mo
+$31,458 +$2,627/mo
52%
+$56,544
$133,462
$347.41
+1276
5
FULL
Jan 19 '29
300
350
290
-$11,100
-
+$11,322
+$70,093 +$5,854/mo
+$31,451 +$2,627/mo
52%
+$47,671
$128,438
$347.42
+1270
6
FULL
Jan 19 '29
300
345
280
-$10,238
-
+$12,758
+$70,147 +$5,858/mo
+$32,067 +$2,678/mo
53%
+$47,152
$135,075
$346.53
+1292
7
FULL
Jan 19 '29
300
335
270
-$11,700
-
+$13,215
+$70,150 +$5,859/mo
+$32,102 +$2,681/mo
53%
+$45,235
$136,538
$346.47
+1288
8
FULL
Jan 19 '29
300
340
280
-$14,925
-
+$11,336
+$70,096 +$5,854/mo
+$31,480 +$2,629/mo
52%
+$43,834
$132,262
$347.38
+1267
9
FULL
Jan 19 '29
300
330
270
-$16,575
-
+$12,077
+$70,100 +$5,855/mo
+$31,530 +$2,633/mo
53%
+$41,448
$133,912
$347.31
+1263
10
LEAPS ONLY
Jan 19 '29
300
350
310 (kept)
-$15,038
-$14,250
-$249
+$69,757 +$5,826/mo
+$27,649 +$2,309/mo
49%
+$40,719
$102,375
$354.89
+1090
11
FULL
Jan 19 '29
290
350
290
-$16,950
-
+$13,362
+$70,199 +$5,863/mo
+$32,660 +$2,728/mo
53%
+$39,887
$134,288
$345.66
+1307
12
FULL
Jan 19 '29
290
345
290
-$22,763
-
+$12,378
+$70,155 +$5,859/mo
+$32,152 +$2,685/mo
53%
+$35,015
$132,600
$346.40
+1282
13
LEAPS ONLY
Jan 19 '29
290
350
310 (kept)
-$20,888
-$14,250
+$1,791
+$69,852 +$5,834/mo
+$28,660 +$2,394/mo
50%
+$32,924
$108,225
$352.88
+1127
14
FULL
Jan 19 '29
290
335
280
-$25,650
-
+$12,161
+$70,153 +$5,859/mo
+$32,134 +$2,684/mo
53%
+$32,342
$135,488
$346.43
+1279
15
FULL
Jan 19 '29
290
340
290
-$27,450
-
+$10,956
+$70,103 +$5,855/mo
+$31,567 +$2,636/mo
53%
+$31,697
$129,788
$347.25
+1257
16
FULL
Jan 19 '29
290
330
280
-$30,525
-
+$11,023
+$70,103 +$5,855/mo
+$31,563 +$2,636/mo
53%
+$28,555
$132,862
$347.26
+1254
17
LEAPS ONLY
Jan 19 '29
290
345
310 (kept)
-$26,700
-$14,250
+$806
+$69,812 +$5,830/mo
+$28,229 +$2,358/mo
49%
+$28,056
$106,538
$353.74
+1102
18
LEAPS ONLY
Jan 19 '29
290
340
310 (kept)
-$31,388
-$14,250
-$615
+$69,765 +$5,827/mo
+$27,737 +$2,317/mo
49%
+$24,743
$103,725
$354.71
+1077
19
LEAPS ONLY
Jan 19 '29
280
350
310 (kept)
-$27,150
-$14,250
+$3,890
+$69,938 +$5,841/mo
+$29,624 +$2,474/mo
51%
+$24,648
$114,488
$350.95
+1163
20
FULL
Jan 19 '29
280
340
290
-$33,713
-
+$13,056
+$70,209 +$5,864/mo
+$32,779 +$2,738/mo
53%
+$23,441
$136,050
$345.48
+1294
21
LEAPS ONLY
Jan 19 '29
280
345
310 (kept)
-$32,963
-$14,250
+$2,906
+$69,902 +$5,838/mo
+$29,214 +$2,440/mo
50%
+$19,784
$112,800
$351.77
+1138
22
FULL
Jan 19 '29
280
335
290
-$38,588
-
+$11,840
+$70,161 +$5,860/mo
+$32,223 +$2,691/mo
53%
+$19,733
$133,425
$346.30
+1269
23
LEAPS ONLY
Jan 19 '29
280
340
310 (kept)
-$37,650
-$14,250
+$1,484
+$69,860 +$5,834/mo
+$28,748 +$2,401/mo
50%
+$16,476
$109,988
$352.70
+1114
24
FULL
Jan 19 '29
280
325
280
-$41,663
-
+$12,034
+$70,161 +$5,860/mo
+$32,221 +$2,691/mo
53%
+$16,465
$136,500
$346.30
+1266
25
FULL
Jan 19 '29
280
330
290
-$43,463
-
+$10,702
+$70,111 +$5,855/mo
+$31,655 +$2,644/mo
53%
+$15,947
$130,800
$347.13
+1244
How this was built
852 rolls on the real strikes of Dec 15 '28, Jan 19 '29; 70 pass the rules: the new short put keeps real time value, the break-even at expiry stays within 3% of today's ($373.00), 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 1.27), 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.