+10 Jan 19 '29 65C-10 Jan 19 '29 95P+10 Jan 15 '27 80P812 days leftCSV ND 49.95entry $119 -26.6%CC-SS $117.84 (+35% vs spot)BE-SS $114.95 (+32% vs spot)
Spot
$87.37
CBOE 2026-10-30 00:04:32
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 $38 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 2026-09-18 it has banked $4,540, $2,689/mo with the open call chain marked to today's buyback; the last 90 days $2,689/mo against a $1,562/mo floor and a $2,165/mo design.
Safe calls (at or above the $118 CC-SS) only pay a normal premium from about $106 (+21% from here).
The record shows it fights: $2,689/mo earned against a modelled $0/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.
Today, if you keep it
Value now (mid)
$21,075
Unrealized vs CSV ND
-$28,875
Max loss from here
$36,075
Margin it holds (model)
$16,520
a close frees it; $16,520 on all HOOD here
CC-SS
$117.84
safe call from $106
Net delta
+912 sh
notional $87,367
Theta
-$38/day
net of the three legs
Short put time value
$21.64
assignment LOW
If you close it today
Whole-life P/L
-$25,640
legs + call income, all in
Legs vs entry
-$28,875
close LC / SP / HP at mid vs CSV ND
Call income banked
+$4,540
since entry, incl. the open chain
Cash to close today
+$19,770
legs at mid + call buyback -$1,305
If you hold to expiry instead
Whole-life P/L at expiry
+$4,760
expected; -$25,640 if closed today
Chance of break-even
35%
whole-life P/L at or above zero
Max loss left
$36,075
44% of the $64,950 at entry already taken
Worst case if held
-$61,715
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 $16,520 of margin a close would free, counted dollar for dollar: holding beats closing by $13,880.
Income outlook
Income history · since 2026-09-18
Banked since entry
$4,540
closed calls + open chain premium
Life-to-date pace
$2,689/mo
open chain marked to today's buyback
Last 90 days
$2,689/mo
Coverage Insights' window
Best month
$2,970
Oct 2026
Sep
$2,970
Oct
$1,110
open
life pace $2,689/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
$2,689/mo
EARNING ITS KEEP
floor $1,562
design $2,165
$2,689/mo earned, at least half of the $2,165/mo it is designed to earn and above its hedge
Scanner's best pick today
$562/mo
Banked so far
$4,540
Whole-life P/L
-$25,890
Time with a call written
49%
Source: Coverage Insights 2026-10-30
Market now
Call IV (~35d)
55%
CBOE 30-day 55%
Regime
PULLBACK
RSI 45
Next earnings
2027-02-10
104 days
FIGHT rate (model)
$0/mo
~0.30-delta calls x 0% keep
Where safe calls start paying
safe from $106
spot $87
Spot needs +21% 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
65
95
80
-
-
-
-
-
53%
-
$36,075
$117.84
+912
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 ($114.95), 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 (55%). 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.