+15 Jan 21 '28 300C-15 Jan 21 '28 345P+15 Jan 21 '28 310P448 days leftCSV ND 73.00entry $335 -16.5%CC-SS $354.70 (+27% vs spot)BE-SS $373.00 (+33% vs spot)
Spot
$279.84
CBOE 2026-10-30 13:51:06
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 $12 of time value (85% of a year's carry on the strike): assignment risk is real; check it weekly.
Holding as is costs about $63 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✓ 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 $355 CC-SS) only pay a normal premium from about $337 (+20% from here).
FIGHT engine (~0.30-delta calls below the CC-SS, where an assignment locks a loss): about $4,974/mo at GOOG's realized keep of 78% (49 closed calls).
The record shows it fights: $3,790/mo earned against a modelled $4,974/mo, so FIGHT income counts toward the time.
Extending to Jan 19 '29 buys 12 months. Expected income to expiry with FIGHT: $72,232 if you keep, $140,741 after the roll; safe calls alone: $19,676 vs $46,256. Odds safe calls restart: 40% vs 47%.
At the record's pace the extra 12 months are worth about $45,385.
Today, if you keep it
Value now (mid)
$24,825
Unrealized vs CSV ND
-$84,675
Max loss from here
$77,325
Margin it holds (IBKR)
$59,236
a close frees it; model $49,145; $56,371 on all GOOG here
CC-SS
$354.70
safe call from $337
Net delta
+1064 sh
notional $419,760
Theta
-$63/day
net of the three legs
Short put time value
$11.67
assignment WATCH
If you close it today
Whole-life P/L
-$60,392
legs + call income, all in
Legs vs entry
-$84,675
close LC / SP / HP at mid vs CSV ND
Call income banked
+$25,468
since entry, incl. the open chain
Cash to close today
+$23,640
legs at mid + call buyback -$1,185
If you hold to expiry instead
Whole-life P/L at expiry
-$19,322
expected; -$60,392 if closed today
Chance of break-even
24%
whole-life P/L at or above zero
Max loss left
$77,325
52% of the $162,000 at entry already taken
Worst case if held
-$137,717
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 $49,145 of margin a close would free, counted dollar for dollar: holding trails closing by $8,075.
Recommended roll
BEST: cash + margin · also LOWEST MAX LOSS
+$3,112
cash at mid today (natural -$4,800)
LEAPS ONLYJan 19 '29+12 months
SELL 15 Jan 21 '28 300C (close)
BUY 15 Jan 21 '28 345P (close)
BUY 15 Jan 19 '29 310C (open)
SELL 15 Jan 19 '29 360P (open)
Margin change (IBKR)
+$4,858
asked at 21:53; model +$208, this underlying only
Hedge extension (est.)
-$14,025
kept hedge carried to the new expiry
Income over the time bought
$45,385
actual: $3,790 a month x 12 months; covers 234% of the max loss it adds
Restart odds
40% → 47%
safe calls paying before expiry
Max loss from here
$96,712
+$19,388 vs keep
CC-SS
$357.53
now $354.70
CSV ND after
70.92
at a mid fill
If you're assigned
Odds of early assignment within 12 months: 65% The holder exercises once the stock is at or below $222 in 6 months..
Close everything now: +$24,825. Wait for assignment: +$42,323 (the put spread -$19,365, plus the 300C you keep, worth $61,688). About the same, and waiting keeps the call income.
On assignment: sell the shares and sell the hedge put (never exercise it): $19,365 more ($13 a share). Basis 85.91; the 300C alone has CC-SS $350.11 (now $354.70), break-even $386, margin about zero.
Calls afterwards (Dec 04 '26, 35d): a 300C (at or above the call) about $5,888 a cycle; a 295C (~0.30 delta) about $7,500 a cycle, but a rally can cost up to $7,500 a cycle. The 300C loses about $1,872 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)
29%
CBOE 30-day 29%
Regime
OVERSOLD
RSI 33
Next earnings
2027-02-03
96 days
FIGHT rate (model)
$4,974/mo
~0.30-delta calls x 78% keep
Where safe calls start paying
safe from $337
spot $280
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
$72,232
Roll Jan 19 '29
$140,741
Odds safe calls start paying before expiry
Keep Jan 21 '28
40%
Roll Jan 19 '29
47%
Safe calls alone (never below the CC-SS)
Keep Jan 21 '28
$19,676
Roll Jan 19 '29
$46,256
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.
LEAPS ONLYJan 19 '29also LOWEST MAX LOSS
Cash at mid
+$3,112
Margin change
+$208
Strikes
310C / -360P / +310P (kept)
Cash at natural
-$4,800
Hedge extension (est.)
-$14,025
Extra income, FIGHT incl. (model)
+$68,509 (+$5,722/mo)
Extra safe income (model)
+$26,580 (+$2,220/mo)
Restart odds
47% (keep 40%)
Value incl. income
+$57,388
Max loss from here
$96,712 (+$19,388)
CC-SS
$357.53 (now $354.70)
Net delta
+1076 sh (now +1064)
CSV ND after
70.92
Worst spread / min OI
6% / 39
Order legs
SELL 15 Jan 21 '28 300C (close)
BUY 15 Jan 21 '28 345P (close)
BUY 15 Jan 19 '29 310C (open)
SELL 15 Jan 19 '29 360P (open)
BEST WITH INCOME
Cash + margin + the extra income the time buys, FIGHT included (model).
FULLJan 19 '29also MOST CASH
Cash at mid
+$43,538
Margin change
+$14,963
Strikes
340C / -360P / +260P
Cash at natural
+$31,725
Extra income, FIGHT incl. (model)
+$68,886 (+$5,753/mo)
Extra safe income (model)
+$29,867 (+$2,494/mo)
Restart odds
51% (keep 40%)
Value incl. income
+$97,461
Max loss from here
$131,288 (+$53,962)
CC-SS
$350.25 (now $354.70)
Net delta
+1288 sh (now +1064)
CSV ND after
43.98
Worst spread / min OI
8% / 39
Danger point
-19% (now none to -60%)
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 340C (open)
SELL 15 Jan 19 '29 360P (open)
BUY 15 Jan 19 '29 260P (open)
LEAST MARGIN
Largest drop (or smallest rise) in maintenance margin.
LEAPS ONLYJan 19 '29
Cash at mid
-$30,112
Margin change
-$827
Strikes
290C / -340P / +310P (kept)
Cash at natural
-$38,100
Hedge extension (est.)
-$14,025
Extra income, FIGHT incl. (model)
+$68,527 (+$5,723/mo)
Extra safe income (model)
+$26,699 (+$2,230/mo)
Restart odds
47% (keep 40%)
Value incl. income
+$25,217
Max loss from here
$99,938 (+$22,612)
CC-SS
$357.21 (now $354.70)
Net delta
+1052 sh (now +1064)
CSV ND after
93.08
Worst spread / min OI
5% / 71
Danger point
-27% (now none to -60%)
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)
INCOME ENGINE
Most expected income to the new expiry, FIGHT included (model).
FULLJan 19 '29
Cash at mid
-$10,988
Margin change
+$15,585
Strikes
290C / -355P / +290P
Cash at natural
-$23,400
Extra income, FIGHT incl. (model)
+$69,031 (+$5,765/mo)
Extra safe income (model)
+$31,474 (+$2,629/mo)
Restart odds
52% (keep 40%)
Value incl. income
+$42,459
Max loss from here
$133,312 (+$55,988)
CC-SS
$347.35 (now $354.70)
Net delta
+1308 sh (now +1064)
CSV ND after
80.33
Worst spread / min OI
6% / 7
Danger point
-19% (now none to -60%)
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 290C (open)
SELL 15 Jan 19 '29 355P (open)
BUY 15 Jan 19 '29 290P (open)
SAME STRIKES
The held strikes rolled straight out (reference).
FULLJan 19 '29
Cash at mid
-$15,750
Margin change
+$10,730
Strikes
300C / -345P / +290P
Cash at natural
-$28,275
Extra income, FIGHT incl. (model)
+$68,862 (+$5,751/mo)
Extra safe income (model)
+$29,619 (+$2,474/mo)
Restart odds
51% (keep 40%)
Value incl. income
+$42,382
Max loss from here
$123,075 (+$45,750)
CC-SS
$350.77 (now $354.70)
Net delta
+1222 sh (now +1064)
CSV ND after
83.50
Worst spread / min OI
6% / 14
Danger point
-22% (now none to -60%)
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 345P (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
-
-
-
-
-
40%
-
$77,325
$354.70
+1064
BEST
LEAPS ONLY
Jan 19 '29
310
360
310 (kept)
+$3,112
-$14,025
+$208
+$68,509 +$5,722/mo
+$26,580 +$2,220/mo
47%
+$57,388
$96,712
$357.53
+1076
BEST WITH INCOME
FULL
Jan 19 '29
340
360
260
+$43,538
-
+$14,963
+$68,886 +$5,753/mo
+$29,867 +$2,494/mo
51%
+$97,461
$131,288
$350.25
+1288
MOST CASH
FULL
Jan 19 '29
340
360
260
+$43,538
-
+$14,963
+$68,886 +$5,753/mo
+$29,867 +$2,494/mo
51%
+$97,461
$131,288
$350.25
+1288
LEAST MARGIN
LEAPS ONLY
Jan 19 '29
290
340
310 (kept)
-$30,112
-$14,025
-$827
+$68,527 +$5,723/mo
+$26,699 +$2,230/mo
47%
+$25,217
$99,938
$357.21
+1052
LOWEST MAX LOSS
LEAPS ONLY
Jan 19 '29
310
360
310 (kept)
+$3,112
-$14,025
+$208
+$68,509 +$5,722/mo
+$26,580 +$2,220/mo
47%
+$57,388
$96,712
$357.53
+1076
INCOME ENGINE
FULL
Jan 19 '29
290
355
290
-$10,988
-
+$15,585
+$69,031 +$5,765/mo
+$31,474 +$2,629/mo
52%
+$42,459
$133,312
$347.35
+1308
SAME STRIKES
FULL
Jan 19 '29
300
345
290
-$15,750
-
+$10,730
+$68,862 +$5,751/mo
+$29,619 +$2,474/mo
51%
+$42,382
$123,075
$350.77
+1222
Cost of waiting
The BEST roll done later instead of today (+$3,112 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% ($196)
Spot +0% ($280)
Spot +30% ($364)
Today
448
-
+$3,112
-
2027-10-23
90
-$1,129
-$3,428
+$14,467
2027-12-07
45
-$654
-$7,838
+$19,303
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
330
355
270
+$28,875
-
+$12,800
+$62,580 +$5,782/mo
+$26,769 +$2,473/mo
50%
+$78,654
$123,450
$351.04
+1248
Jan 19 '29
FULL
Jan 19 '29
340
360
260
+$43,538
-
+$14,963
+$68,886 +$5,753/mo
+$29,867 +$2,494/mo
51%
+$97,461
$131,288
$350.25
+1288
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
340
360
260
+$43,538
-
+$14,963
+$68,886 +$5,753/mo
+$29,867 +$2,494/mo
51%
+$97,461
$131,288
$350.25
+1288
2
FULL
Jan 19 '29
335
360
260
+$41,362
-
+$15,901
+$68,927 +$5,757/mo
+$30,276 +$2,529/mo
51%
+$94,389
$133,462
$349.38
+1305
3
FULL
Jan 19 '29
335
355
260
+$35,738
-
+$14,462
+$68,889 +$5,753/mo
+$29,898 +$2,497/mo
51%
+$90,165
$131,588
$350.18
+1281
4
FULL
Jan 19 '29
330
355
260
+$33,450
-
+$15,430
+$68,930 +$5,757/mo
+$30,312 +$2,532/mo
51%
+$86,950
$133,875
$349.31
+1299
5
FULL
Jan 19 '29
330
360
270
+$31,838
-
+$14,371
+$68,888 +$5,753/mo
+$29,878 +$2,495/mo
51%
+$86,354
$127,988
$350.23
+1278
6
FULL
Jan 19 '29
325
360
270
+$28,988
-
+$15,455
+$68,929 +$5,757/mo
+$30,303 +$2,531/mo
51%
+$82,462
$130,838
$349.32
+1296
7
FULL
Jan 19 '29
320
360
270
+$27,000
-
+$16,360
+$68,970 +$5,760/mo
+$30,748 +$2,568/mo
52%
+$79,610
$132,825
$348.47
+1314
8
FULL
Jan 19 '29
325
360
280
+$21,675
-
+$12,026
+$68,848 +$5,750/mo
+$29,487 +$2,463/mo
50%
+$78,497
$123,150
$351.05
+1251
9
FULL
Jan 19 '29
325
355
270
+$23,362
-
+$14,017
+$68,892 +$5,754/mo
+$29,926 +$2,499/mo
51%
+$78,238
$128,962
$350.12
+1272
10
FULL
Jan 19 '29
320
360
280
+$19,688
-
+$12,931
+$68,891 +$5,753/mo
+$29,908 +$2,498/mo
51%
+$75,647
$125,138
$350.16
+1269
11
FULL
Jan 19 '29
320
355
270
+$21,375
-
+$14,922
+$68,933 +$5,757/mo
+$30,338 +$2,534/mo
51%
+$75,385
$130,950
$349.25
+1290
12
FULL
Jan 19 '29
320
355
280
+$14,062
-
+$11,493
+$68,852 +$5,750/mo
+$29,523 +$2,466/mo
50%
+$71,421
$123,262
$350.98
+1245
13
FULL
Jan 19 '29
320
350
270
+$16,088
-
+$13,540
+$68,894 +$5,754/mo
+$29,944 +$2,501/mo
51%
+$71,442
$128,738
$350.09
+1266
14
FULL
Jan 19 '29
310
360
280
+$14,212
-
+$15,046
+$68,975 +$5,761/mo
+$30,803 +$2,573/mo
52%
+$68,141
$130,612
$348.38
+1305
15
FULL
Jan 19 '29
310
355
280
+$8,588
-
+$13,608
+$68,937 +$5,757/mo
+$30,379 +$2,537/mo
51%
+$63,916
$128,738
$349.16
+1281
16
FULL
Jan 19 '29
310
360
290
+$6,412
-
+$12,667
+$68,894 +$5,754/mo
+$29,941 +$2,501/mo
51%
+$62,639
$123,412
$350.09
+1259
17
FULL
Jan 19 '29
310
350
280
+$3,300
-
+$12,225
+$68,898 +$5,754/mo
+$29,986 +$2,504/mo
51%
+$59,973
$126,525
$350.00
+1257
18
FULL
Jan 19 '29
310
345
270
+$5,362
-
+$14,338
+$68,939 +$5,758/mo
+$30,400 +$2,539/mo
51%
+$59,964
$131,962
$349.12
+1277
19
FULL
Jan 19 '29
310
355
290
+$788
-
+$11,229
+$68,855 +$5,751/mo
+$29,556 +$2,468/mo
50%
+$58,414
$121,538
$350.91
+1234
20
LEAPS ONLY
Jan 19 '29
310
360
310 (kept)
+$3,112
-$14,025
+$208
+$68,509 +$5,722/mo
+$26,580 +$2,220/mo
47%
+$57,388
$96,712
$357.53
+1076
21
FULL
Jan 19 '29
310
340
270
+$75
-
+$13,084
+$68,900 +$5,754/mo
+$30,009 +$2,506/mo
51%
+$55,891
$129,750
$349.95
+1253
22
FULL
Jan 19 '29
300
360
290
+$413
-
+$14,867
+$68,979 +$5,761/mo
+$30,846 +$2,576/mo
52%
+$54,524
$129,412
$348.32
+1295
23
FULL
Jan 19 '29
300
350
280
-$2,700
-
+$14,425
+$68,984 +$5,761/mo
+$30,909 +$2,581/mo
52%
+$51,859
$132,525
$348.22
+1293
24
FULL
Jan 19 '29
300
355
290
-$5,212
-
+$13,429
+$68,940 +$5,758/mo
+$30,411 +$2,540/mo
51%
+$50,298
$127,537
$349.09
+1271
25
LEAPS ONLY
Jan 19 '29
300
360
310 (kept)
-$2,887
-$14,025
+$2,408
+$68,621 +$5,731/mo
+$27,352 +$2,284/mo
48%
+$49,301
$102,712
$355.52
+1112
How this was built
1206 rolls on the real strikes of Dec 15 '28, Jan 19 '29; 102 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 1.34), 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 (29%). 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.