+10 Jun 16 '28 215C-10 Jun 16 '28 225P+10 Jun 16 '28 200P595 days leftCSV ND 49.80entry $228 -7.8%CC-SS $231.47 (+10% vs spot)BE-SS $264.80 (+26% vs spot)
Spot
$210.15
CBOE 2026-10-30 02:39:21
When to roll⏸ WAIT
Wait until 18 Mar 2028
595 days left. Nothing forces a roll before 18 Mar 2028 (90 days before expiry): waiting keeps today's structure and costs nothing extra in spread.
Holding as is costs about $24 a day in time decay (net theta of the three legs).
The new expiry is still wide (worst leg spread 15% of mid, open interest as low as 190): work the order at mid, never natural.
The best roll lowers the CC-SS from $231 to $231: covered calls can be written $1 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 2026-09-03 it has banked $3,810, $1,647/mo with the open call chain marked to today's buyback; the last 90 days $1,647/mo against a $1,247/mo floor and a $2,493/mo design.
Safe calls (at or above the $231 CC-SS) only pay a normal premium from about $216 (+3% from here).
FIGHT engine (~0.30-delta calls below the CC-SS, where an assignment locks a loss): about $2,706/mo at NVDA's realized keep of 65% (23 closed calls).
The record shows it fights: $1,647/mo earned against a modelled $2,706/mo, so FIGHT income counts toward the time.
Extending to Jan 19 '29 buys 7 months. Expected income to expiry with FIGHT: $69,592 if you keep, $95,224 after the roll; safe calls alone: $52,153 vs $71,913. Odds safe calls restart: 79% vs 77%.
At the record's pace the extra 7 months are worth about $11,759.
Earnings 2026-11-17 (19 days): sell no new income into it.
Today, if you keep it
Value now (mid)
$35,325
Unrealized vs CSV ND
-$14,475
Max loss from here
$60,325
Margin it holds (model)
$29,600
a close frees it; $29,600 on all NVDA here
CC-SS
$231.47
safe call from $216
Net delta
+757 sh
notional $210,147
Theta
-$24/day
net of the three legs
Short put time value
$26.35
assignment LOW
If you close it today
Whole-life P/L
-$11,820
legs + call income, all in
Legs vs entry
-$14,475
close LC / SP / HP at mid vs CSV ND
Call income banked
+$3,810
since entry, incl. the open chain
Cash to close today
+$34,170
legs at mid + call buyback -$1,155
If you hold to expiry instead
Whole-life P/L at expiry
+$40,744
expected; -$11,820 if closed today
Chance of break-even
45%
whole-life P/L at or above zero
Max loss left
$60,325
19% of the $74,800 at entry already taken
Worst case if held
-$72,145
legs at their worst, no call income
No roll and no close: calls written every cycle to Jun 16 '28 (FIGHT included). Spot at expiry is spread lognormal at realized vol, zero drift. Holding keeps $29,600 of margin a close would free, counted dollar for dollar: holding beats closing by $22,964.
Recommended roll
BEST: cash + margin · also BEST WITH INCOME, MOST CASH
+$7,875
cash at mid today (natural -$300)
FULLJan 19 '29+7 months
SELL 10 Jun 16 '28 215C (close)
BUY 10 Jun 16 '28 225P (close)
SELL 10 Jun 16 '28 200P (close)
BUY 10 Jan 19 '29 230C (open)
SELL 10 Jan 19 '29 235P (open)
BUY 10 Jan 19 '29 190P (open)
Margin change
+$2,340
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
$9,742
actual: $1,365 a month x 7 months; covers 80% of the max loss it adds
Restart odds
79% → 77%
safe calls paying before expiry
Max loss from here
$72,450
+$12,125 vs keep
CC-SS
$230.72
now $231.47
CSV ND after
41.92
at a mid fill
Income outlook
Income history · since 2026-09-03
Banked since entry
$3,810
closed calls + open chain premium
Life-to-date pace
$1,647/mo
open chain marked to today's buyback
Last 90 days
$1,647/mo
Coverage Insights' window
Best month
$1,560
Sep 2026
$1,560
Sep
Oct
$1,330
open
life pace $1,647/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
$1,647/mo
EARNING ITS KEEP
floor $1,247
design $2,493
$1,647/mo earned, at least half of the $2,493/mo it is designed to earn
Scanner's best pick today
$812/mo
Banked so far
$3,810
Whole-life P/L
-$11,565
Time with a call written
87%
Source: Coverage Insights 2026-10-30
Market now
Call IV (~35d)
39%
CBOE 30-day 40%
Regime
NEUTRAL
RSI 51
Next earnings
2026-11-17
19 days
FIGHT rate (model)
$2,706/mo
~0.30-delta calls x 65% keep
Where safe calls start paying
safe from $216
spot $210
Spot needs +3% before a safe call pays a normal premium.
What the time buys
Expected income to expiry, FIGHT included (model)
Keep Jun 16 '28
$69,592
Roll Jan 19 '29
$95,224
Odds safe calls start paying before expiry
Keep Jun 16 '28
79%
Roll Jan 19 '29
77%
Safe calls alone (never below the CC-SS)
Keep Jun 16 '28
$52,153
Roll Jan 19 '29
$71,913
Months bought
7
Worth at the record's pace
$11,759
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
+$7,875
Margin change
+$2,340
Strikes
230C / -235P / +190P
Cash at natural
-$300
Extra income, FIGHT incl. (model)
+$25,632 (+$3,591/mo)
Extra safe income (model)
+$19,761 (+$2,768/mo)
Restart odds
77% (keep 79%)
Value incl. income
+$31,167
Max loss from here
$72,450 (+$12,125)
CC-SS
$230.72 (now $231.47)
Net delta
+800 sh (now +757)
CSV ND after
41.92
Worst spread / min OI
15% / 190
Danger point
none to -60% (now none to -60%)
Order legs
SELL 10 Jun 16 '28 215C (close)
BUY 10 Jun 16 '28 225P (close)
SELL 10 Jun 16 '28 200P (close)
BUY 10 Jan 19 '29 230C (open)
SELL 10 Jan 19 '29 235P (open)
BUY 10 Jan 19 '29 190P (open)
LEAST MARGIN
Largest drop (or smallest rise) in maintenance margin.
LEAPS ONLYJan 19 '29also LOWEST MAX LOSS
Cash at mid
-$7,750
Margin change
-$619
Strikes
215C / -220P / +200P (kept)
Cash at natural
-$11,200
Hedge extension (est.)
-$4,650
Extra income, FIGHT incl. (model)
+$25,347 (+$3,551/mo)
Extra safe income (model)
+$19,268 (+$2,699/mo)
Restart odds
76% (keep 79%)
Value incl. income
+$13,566
Max loss from here
$63,075 (+$2,750)
CC-SS
$232.00 (now $231.47)
Net delta
+746 sh (now +757)
CSV ND after
57.55
Worst spread / min OI
10% / 1298
Danger point
none to -60% (now none to -60%)
Order legs
SELL 10 Jun 16 '28 215C (close)
BUY 10 Jun 16 '28 225P (close)
BUY 10 Jan 19 '29 215C (open)
SELL 10 Jan 19 '29 220P (open)
INCOME ENGINE
Most expected income to the new expiry, FIGHT included (model).
FULLJan 19 '29
Cash at mid
-$21,725
Margin change
+$2,261
Strikes
195C / -235P / +220P
Cash at natural
-$32,650
Extra income, FIGHT incl. (model)
+$25,751 (+$3,608/mo)
Extra safe income (model)
+$19,967 (+$2,797/mo)
Restart odds
78% (keep 79%)
Value incl. income
+$1,765
Max loss from here
$72,050 (+$11,725)
CC-SS
$230.18 (now $231.47)
Net delta
+798 sh (now +757)
CSV ND after
71.53
Worst spread / min OI
15% / 147
Danger point
none to -60% (now none to -60%)
Order legs
SELL 10 Jun 16 '28 215C (close)
BUY 10 Jun 16 '28 225P (close)
SELL 10 Jun 16 '28 200P (close)
BUY 10 Jan 19 '29 195C (open)
SELL 10 Jan 19 '29 235P (open)
BUY 10 Jan 19 '29 220P (open)
SAME STRIKES
The held strikes rolled straight out (reference).
FULLJan 19 '29
Cash at mid
-$11,350
Margin change
+$1,712
Strikes
215C / -225P / +200P
Cash at natural
-$16,400
Extra income, FIGHT incl. (model)
+$25,564 (+$3,581/mo)
Extra safe income (model)
+$19,642 (+$2,752/mo)
Restart odds
77% (keep 79%)
Value incl. income
+$12,501
Max loss from here
$71,675 (+$11,350)
CC-SS
$231.03 (now $231.47)
Net delta
+774 sh (now +757)
CSV ND after
61.15
Worst spread / min OI
10% / 1277
Danger point
none to -60% (now none to -60%)
Order legs
SELL 10 Jun 16 '28 215C (close)
BUY 10 Jun 16 '28 225P (close)
SELL 10 Jun 16 '28 200P (close)
BUY 10 Jan 19 '29 215C (open)
SELL 10 Jan 19 '29 225P (open)
BUY 10 Jan 19 '29 200P (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
Jun 16 '28
215
225
200
-
-
-
-
-
79%
-
$60,325
$231.47
+757
BEST
FULL
Jan 19 '29
230
235
190
+$7,875
-
+$2,340
+$25,632 +$3,591/mo
+$19,761 +$2,768/mo
77%
+$31,167
$72,450
$230.72
+800
BEST WITH INCOME
FULL
Jan 19 '29
230
235
190
+$7,875
-
+$2,340
+$25,632 +$3,591/mo
+$19,761 +$2,768/mo
77%
+$31,167
$72,450
$230.72
+800
MOST CASH
FULL
Jan 19 '29
230
235
190
+$7,875
-
+$2,340
+$25,632 +$3,591/mo
+$19,761 +$2,768/mo
77%
+$31,167
$72,450
$230.72
+800
LEAST MARGIN
LEAPS ONLY
Jan 19 '29
215
220
200 (kept)
-$7,750
-$4,650
-$619
+$25,347 +$3,551/mo
+$19,268 +$2,699/mo
76%
+$13,566
$63,075
$232.00
+746
LOWEST MAX LOSS
LEAPS ONLY
Jan 19 '29
215
220
200 (kept)
-$7,750
-$4,650
-$619
+$25,347 +$3,551/mo
+$19,268 +$2,699/mo
76%
+$13,566
$63,075
$232.00
+746
INCOME ENGINE
FULL
Jan 19 '29
195
235
220
-$21,725
-
+$2,261
+$25,751 +$3,608/mo
+$19,967 +$2,797/mo
78%
+$1,765
$72,050
$230.18
+798
SAME STRIKES
FULL
Jan 19 '29
215
225
200
-$11,350
-
+$1,712
+$25,564 +$3,581/mo
+$19,642 +$2,752/mo
77%
+$12,501
$71,675
$231.03
+774
Cost of waiting
The BEST roll done later instead of today (+$7,875 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% ($147)
Spot +0% ($210)
Spot +30% ($273)
Today
595
-
+$7,875
-
2028-03-18
90
+$10,114
+$849
+$5,785
2028-05-02
45
+$10,875
-$1,794
+$6,804
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
LEAPS ONLY
Dec 15 '28
230
235
200 (kept)
+$7,900
-$4,100
-$263
+$21,066 +$3,519/mo
+$15,940 +$2,663/mo
77%
+$25,129
$62,425
$232.09
+752
Jan 19 '29
FULL
Jan 19 '29
230
235
190
+$7,875
-
+$2,340
+$25,632 +$3,591/mo
+$19,761 +$2,768/mo
77%
+$31,167
$72,450
$230.72
+800
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
230
235
190
+$7,875
-
+$2,340
+$25,632 +$3,591/mo
+$19,761 +$2,768/mo
77%
+$31,167
$72,450
$230.72
+800
2
FULL
Jan 19 '29
225
235
195
+$3,200
-
+$2,341
+$25,630 +$3,591/mo
+$19,757 +$2,768/mo
77%
+$26,489
$72,125
$230.73
+798
3
LEAPS ONLY
Jan 19 '29
225
235
200 (kept)
+$5,025
-$4,650
+$400
+$25,418 +$3,561/mo
+$19,390 +$2,716/mo
77%
+$25,392
$65,300
$231.69
+770
4
LEAPS ONLY
Jan 19 '29
220
235
200 (kept)
+$3,275
-$4,650
+$1,024
+$25,507 +$3,573/mo
+$19,544 +$2,738/mo
77%
+$23,108
$67,050
$231.29
+785
5
FULL
Jan 19 '29
220
235
200
-$1,375
-
+$2,230
+$25,630 +$3,591/mo
+$19,758 +$2,768/mo
77%
+$22,025
$71,700
$230.73
+796
6
LEAPS ONLY
Jan 19 '29
220
230
200 (kept)
-$700
-$4,650
+$369
+$25,430 +$3,563/mo
+$19,412 +$2,719/mo
77%
+$19,712
$66,025
$231.63
+767
7
LEAPS ONLY
Jan 19 '29
215
235
200 (kept)
+$625
-$4,650
+$1,860
+$25,594 +$3,586/mo
+$19,695 +$2,759/mo
77%
+$19,709
$69,700
$230.89
+799
8
FULL
Jan 19 '29
215
235
205
-$6,325
-
+$1,969
+$25,636 +$3,591/mo
+$19,768 +$2,769/mo
77%
+$17,343
$71,650
$230.70
+793
9
FULL
Jan 19 '29
215
220
190
-$6,850
-
+$2,017
+$25,653 +$3,594/mo
+$19,796 +$2,773/mo
77%
+$16,786
$72,175
$230.63
+789
10
LEAPS ONLY
Jan 19 '29
215
230
200 (kept)
-$3,350
-$4,650
+$1,205
+$25,521 +$3,575/mo
+$19,568 +$2,741/mo
77%
+$16,315
$68,675
$231.22
+781
11
LEAPS ONLY
Jan 19 '29
210
235
200 (kept)
-$1,975
-$4,650
+$2,631
+$25,677 +$3,597/mo
+$19,839 +$2,779/mo
77%
+$16,421
$72,300
$230.52
+813
12
LEAPS ONLY
Jan 19 '29
215
220
200 (kept)
-$7,750
-$4,650
-$619
+$25,347 +$3,551/mo
+$19,268 +$2,699/mo
76%
+$13,566
$63,075
$232.00
+746
13
LEAPS ONLY
Jan 19 '29
215
225
200 (kept)
-$6,700
-$4,650
+$506
+$25,438 +$3,564/mo
+$19,425 +$2,721/mo
77%
+$13,582
$67,025
$231.60
+763
14
LEAPS ONLY
Jan 19 '29
210
230
200 (kept)
-$5,950
-$4,650
+$1,976
+$25,606 +$3,587/mo
+$19,716 +$2,762/mo
77%
+$13,030
$71,275
$230.84
+795
15
FULL
Jan 19 '29
210
235
210
-$11,450
-
+$1,669
+$25,641 +$3,592/mo
+$19,775 +$2,770/mo
77%
+$12,521
$71,775
$230.68
+790
16
FULL
Jan 19 '29
210
220
195
-$12,175
-
+$2,092
+$25,651 +$3,593/mo
+$19,793 +$2,773/mo
77%
+$11,384
$72,500
$230.64
+788
17
LEAPS ONLY
Jan 19 '29
210
220
200 (kept)
-$10,350
-$4,650
+$152
+$25,439 +$3,564/mo
+$19,427 +$2,722/mo
77%
+$10,288
$65,675
$231.59
+760
18
LEAPS ONLY
Jan 19 '29
210
225
200 (kept)
-$9,300
-$4,650
+$1,277
+$25,526 +$3,576/mo
+$19,578 +$2,743/mo
77%
+$10,299
$69,625
$231.20
+778
19
FULL
Jan 19 '29
205
235
215
-$15,325
-
+$1,561
+$25,650 +$3,593/mo
+$19,791 +$2,773/mo
77%
+$8,764
$70,650
$230.64
+787
20
LEAPS ONLY
Jan 19 '29
205
220
200 (kept)
-$11,825
-$4,650
+$786
+$25,532 +$3,577/mo
+$19,587 +$2,744/mo
77%
+$8,271
$67,150
$231.17
+774
21
LEAPS ONLY
Jan 19 '29
205
225
200 (kept)
-$10,775
-$4,650
+$1,911
+$25,616 +$3,589/mo
+$19,733 +$2,764/mo
77%
+$8,280
$71,100
$230.79
+792
22
FULL
Jan 19 '29
205
210
190
-$16,175
-
+$1,995
+$25,667 +$3,596/mo
+$19,821 +$2,777/mo
77%
+$7,497
$71,500
$230.56
+783
23
FULL
Jan 19 '29
205
220
200
-$16,475
-
+$1,992
+$25,655 +$3,594/mo
+$19,800 +$2,774/mo
77%
+$7,188
$71,800
$230.62
+785
24
FULL
Jan 19 '29
205
215
195
-$16,500
-
+$2,042
+$25,660 +$3,595/mo
+$19,809 +$2,775/mo
77%
+$7,117
$71,825
$230.60
+784
25
FULL
Jan 19 '29
205
230
210
-$16,900
-
+$1,649
+$25,656 +$3,594/mo
+$19,803 +$2,774/mo
77%
+$7,108
$72,225
$230.61
+787
How this was built
615 rolls on the real strikes of Dec 15 '28, Jan 19 '29; 79 pass the rules: the new short put keeps real time value, the break-even at expiry stays within 3% of today's ($264.80), 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 1.21), 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 (39%). 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.