+10 Jun 16 '28 215C-10 Jun 16 '28 225P+10 Jun 16 '28 200P595 days leftCSV ND 49.80entry $228 -9.3%CC-SS $234.53 (+13% vs spot)BE-SS $264.80 (+28% vs spot)
Spot
$206.72
CBOE 2026-10-30 13:52:33
When to roll✓ OPPORTUNITY
A roll pays you and frees margin today
A roll exists today that pays you $4,550 and frees $342 of margin while keeping the upside: no reason to wait for it.
Holding as is costs about $26 a day in time decay (net theta of the three legs).
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 $235 CC-SS) only pay a normal premium from about $218 (+5% from here).
FIGHT engine (~0.30-delta calls below the CC-SS, where an assignment locks a loss): about $2,770/mo at NVDA's realized keep of 65% (23 closed calls).
The record shows it fights: $1,647/mo earned against a modelled $2,770/mo, so FIGHT income counts toward the time.
Extending to Dec 15 '28 buys 6 months. Expected income to expiry with FIGHT: $70,624 if you keep, $92,233 after the roll; safe calls alone: $51,622 vs $68,019. Odds safe calls restart: 74% vs 72%.
At the record's pace the extra 6 months are worth about $9,863.
Earnings 2026-11-17 (18 days): sell no new income into it.
Today, if you keep it
Value now (mid)
$30,475
Unrealized vs CSV ND
-$19,325
Max loss from here
$55,475
Margin it holds (IBKR)
$34,941
a close frees it; model $29,686; $29,686 on all NVDA here
CC-SS
$234.53
safe call from $218
Net delta
+736 sh
notional $206,720
Theta
-$26/day
net of the three legs
Short put time value
$26.05
assignment LOW
If you close it today
Whole-life P/L
-$15,895
legs + call income, all in
Legs vs entry
-$19,325
close LC / SP / HP at mid vs CSV ND
Call income banked
+$3,810
since entry, incl. the open chain
Cash to close today
+$30,095
legs at mid + call buyback -$380
If you hold to expiry instead
Whole-life P/L at expiry
+$41,782
expected; -$15,895 if closed today
Chance of break-even
44%
whole-life P/L at or above zero
Max loss left
$55,475
26% of the $74,800 at entry already taken
Worst case if held
-$71,370
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 $29,686 of margin a close would free, counted dollar for dollar: holding beats closing by $27,990.
Recommended roll
BEST: cash + margin · also BEST WITH INCOME
+$8,325
cash at mid today (natural +$5,450)
LEAPS ONLYDec 15 '28+6 months
SELL 10 Jun 16 '28 215C (close)
BUY 10 Jun 16 '28 225P (close)
BUY 10 Dec 15 '28 230C (open)
SELL 10 Dec 15 '28 235P (open)
Margin change (IBKR)
+$303
asked at 21:53; model -$342, this underlying only
Hedge extension (est.)
-$3,775
kept hedge carried to the new expiry
Income over the time bought
$8,171
actual: $1,365 a month x 6 months; covers 488% of the max loss it adds
Restart odds
74% → 72%
safe calls paying before expiry
Max loss from here
$57,150
+$1,675 vs keep
CC-SS
$235.32
now $234.53
CSV ND after
41.48
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)
41%
CBOE 30-day 42%
Regime
NEUTRAL
RSI 48
Next earnings
2026-11-17
18 days
FIGHT rate (model)
$2,770/mo
~0.30-delta calls x 65% keep
Where safe calls start paying
safe from $218
spot $207
Spot needs +5% before a safe call pays a normal premium.
What the time buys
Expected income to expiry, FIGHT included (model)
Keep Jun 16 '28
$70,624
Roll Dec 15 '28
$92,233
Odds safe calls start paying before expiry
Keep Jun 16 '28
74%
Roll Dec 15 '28
72%
Safe calls alone (never below the CC-SS)
Keep Jun 16 '28
$51,622
Roll Dec 15 '28
$68,019
Months bought
6
Worth at the record's pace
$9,863
Engine state
FIGHTING
Roll choices on Dec 15 '28
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 ONLYDec 15 '28also BEST WITH INCOME
Cash at mid
+$8,325
Margin change
-$342
Strikes
230C / -235P / +200P (kept)
Cash at natural
+$5,450
Hedge extension (est.)
-$3,775
Extra income, FIGHT incl. (model)
+$21,610 (+$3,610/mo)
Extra safe income (model)
+$16,397 (+$2,739/mo)
Restart odds
72% (keep 74%)
Value incl. income
+$26,501
Max loss from here
$57,150 (+$1,675)
CC-SS
$235.32 (now $234.53)
Net delta
+733 sh (now +736)
CSV ND after
41.48
Worst spread / min OI
4% / 857
Order legs
SELL 10 Jun 16 '28 215C (close)
BUY 10 Jun 16 '28 225P (close)
BUY 10 Dec 15 '28 230C (open)
SELL 10 Dec 15 '28 235P (open)
MOST CASH
Largest credit (or smallest debit) at mid, net of any hedge extension.
FULLDec 15 '28
Cash at mid
+$5,200
Margin change
+$2,518
Strikes
225C / -235P / +195P
Cash at natural
+$800
Extra income, FIGHT incl. (model)
+$21,926 (+$3,662/mo)
Extra safe income (model)
+$17,080 (+$2,853/mo)
Restart odds
73% (keep 74%)
Value incl. income
+$24,607
Max loss from here
$65,275 (+$9,800)
CC-SS
$233.71 (now $234.53)
Net delta
+778 sh (now +736)
CSV ND after
44.60
Worst spread / min OI
4% / 857
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 Dec 15 '28 225C (open)
SELL 10 Dec 15 '28 235P (open)
BUY 10 Dec 15 '28 195P (open)
LEAST MARGIN
Largest drop (or smallest rise) in maintenance margin.
LEAPS ONLYDec 15 '28also LOWEST MAX LOSS
Cash at mid
-$1,575
Margin change
-$901
Strikes
220C / -225P / +200P (kept)
Cash at natural
-$4,100
Hedge extension (est.)
-$3,775
Extra income, FIGHT incl. (model)
+$21,625 (+$3,612/mo)
Extra safe income (model)
+$16,431 (+$2,744/mo)
Restart odds
72% (keep 74%)
Value incl. income
+$17,176
Max loss from here
$57,050 (+$1,575)
CC-SS
$235.24 (now $234.53)
Net delta
+726 sh (now +736)
CSV ND after
51.38
Worst spread / min OI
2% / 1686
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 Dec 15 '28 220C (open)
SELL 10 Dec 15 '28 225P (open)
INCOME ENGINE
Most expected income to the new expiry, FIGHT included (model).
LEAPS ONLYDec 15 '28
Cash at mid
-$5,025
Margin change
+$2,363
Strikes
205C / -230P / +200P (kept)
Cash at natural
-$7,950
Hedge extension (est.)
-$3,775
Extra income, FIGHT incl. (model)
+$22,028 (+$3,679/mo)
Extra safe income (model)
+$17,302 (+$2,890/mo)
Restart odds
73% (keep 74%)
Value incl. income
+$10,865
Max loss from here
$65,500 (+$10,025)
CC-SS
$233.19 (now $234.53)
Net delta
+789 sh (now +736)
CSV ND after
54.82
Worst spread / min OI
3% / 3178
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 Dec 15 '28 205C (open)
SELL 10 Dec 15 '28 230P (open)
SAME STRIKES
The held strikes rolled straight out (reference).
FULLDec 15 '28
Cash at mid
-$7,450
Margin change
+$958
Strikes
215C / -225P / +200P
Cash at natural
-$11,200
Extra income, FIGHT incl. (model)
+$21,846 (+$3,649/mo)
Extra safe income (model)
+$16,908 (+$2,824/mo)
Restart odds
73% (keep 74%)
Value incl. income
+$13,439
Max loss from here
$62,925 (+$7,450)
CC-SS
$234.12 (now $234.53)
Net delta
+753 sh (now +736)
CSV ND after
57.25
Worst spread / min OI
3% / 1686
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 Dec 15 '28 215C (open)
SELL 10 Dec 15 '28 225P (open)
BUY 10 Dec 15 '28 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
-
-
-
-
-
74%
-
$55,475
$234.53
+736
BEST
LEAPS ONLY
Dec 15 '28
230
235
200 (kept)
+$8,325
-$3,775
-$342
+$21,610 +$3,610/mo
+$16,397 +$2,739/mo
72%
+$26,501
$57,150
$235.32
+733
BEST WITH INCOME
LEAPS ONLY
Dec 15 '28
230
235
200 (kept)
+$8,325
-$3,775
-$342
+$21,610 +$3,610/mo
+$16,397 +$2,739/mo
72%
+$26,501
$57,150
$235.32
+733
MOST CASH
FULL
Dec 15 '28
225
235
195
+$5,200
-
+$2,518
+$21,926 +$3,662/mo
+$17,080 +$2,853/mo
73%
+$24,607
$65,275
$233.71
+778
LEAST MARGIN
LEAPS ONLY
Dec 15 '28
220
225
200 (kept)
-$1,575
-$3,775
-$901
+$21,625 +$3,612/mo
+$16,431 +$2,744/mo
72%
+$17,176
$57,050
$235.24
+726
LOWEST MAX LOSS
LEAPS ONLY
Dec 15 '28
220
225
200 (kept)
-$1,575
-$3,775
-$901
+$21,625 +$3,612/mo
+$16,431 +$2,744/mo
72%
+$17,176
$57,050
$235.24
+726
INCOME ENGINE
LEAPS ONLY
Dec 15 '28
205
230
200 (kept)
-$5,025
-$3,775
+$2,363
+$22,028 +$3,679/mo
+$17,302 +$2,890/mo
73%
+$10,865
$65,500
$233.19
+789
SAME STRIKES
FULL
Dec 15 '28
215
225
200
-$7,450
-
+$958
+$21,846 +$3,649/mo
+$16,908 +$2,824/mo
73%
+$13,439
$62,925
$234.12
+753
Cost of waiting
The BEST roll done later instead of today (+$8,325 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% ($145)
Spot +0% ($207)
Spot +30% ($269)
Today
595
-
+$8,325
-
2028-03-18
90
+$5,699
+$8,104
+$11,372
2028-05-02
45
+$5,628
+$7,712
+$12,126
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)
+$8,325
-$3,775
-$342
+$21,610 +$3,610/mo
+$16,397 +$2,739/mo
72%
+$26,501
$57,150
$235.32
+733
Jan 19 '29
FULL
Jan 19 '29
225
235
195
+$3,750
-
+$2,824
+$26,325 +$3,688/mo
+$20,543 +$2,878/mo
73%
+$27,251
$66,725
$233.59
+779
Top 25 candidates on Dec 15 '28
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
LEAPS ONLY
Dec 15 '28
230
235
200 (kept)
+$8,325
-$3,775
-$342
+$21,610 +$3,610/mo
+$16,397 +$2,739/mo
72%
+$26,501
$57,150
$235.32
+733
2
FULL
Dec 15 '28
225
235
195
+$5,200
-
+$2,518
+$21,926 +$3,662/mo
+$17,080 +$2,853/mo
73%
+$24,607
$65,275
$233.71
+778
3
LEAPS ONLY
Dec 15 '28
225
235
200 (kept)
+$6,575
-$3,775
+$364
+$21,717 +$3,627/mo
+$16,628 +$2,777/mo
72%
+$24,153
$58,900
$234.78
+748
4
FULL
Dec 15 '28
225
235
200
+$2,800
-
+$1,461
+$21,830 +$3,646/mo
+$16,872 +$2,818/mo
73%
+$23,169
$62,675
$234.21
+760
5
LEAPS ONLY
Dec 15 '28
225
230
200 (kept)
+$3,325
-$3,775
-$664
+$21,618 +$3,611/mo
+$16,416 +$2,742/mo
72%
+$21,832
$57,150
$235.28
+729
6
LEAPS ONLY
Dec 15 '28
220
235
200 (kept)
+$4,625
-$3,775
+$1,104
+$21,821 +$3,645/mo
+$16,854 +$2,815/mo
73%
+$21,567
$60,850
$234.25
+763
7
FULL
Dec 15 '28
220
235
200
+$850
-
+$2,201
+$21,931 +$3,663/mo
+$17,091 +$2,855/mo
73%
+$20,580
$64,625
$233.69
+775
8
FULL
Dec 15 '28
220
230
195
+$0
-
+$2,231
+$21,935 +$3,664/mo
+$17,100 +$2,856/mo
73%
+$19,704
$65,475
$233.67
+774
9
LEAPS ONLY
Dec 15 '28
220
230
200 (kept)
+$1,375
-$3,775
+$76
+$21,726 +$3,629/mo
+$16,649 +$2,781/mo
72%
+$19,250
$59,100
$234.73
+744
10
FULL
Dec 15 '28
220
235
205
-$1,625
-
+$1,031
+$21,835 +$3,647/mo
+$16,884 +$2,820/mo
73%
+$19,179
$62,100
$234.18
+757
11
LEAPS ONLY
Dec 15 '28
215
235
200 (kept)
+$2,525
-$3,775
+$1,866
+$21,922 +$3,662/mo
+$17,071 +$2,851/mo
73%
+$18,805
$62,950
$233.74
+778
12
FULL
Dec 15 '28
220
230
200
-$2,400
-
+$1,173
+$21,839 +$3,648/mo
+$16,893 +$2,822/mo
73%
+$18,266
$62,875
$234.16
+756
13
LEAPS ONLY
Dec 15 '28
220
225
200 (kept)
-$1,575
-$3,775
-$901
+$21,625 +$3,612/mo
+$16,431 +$2,744/mo
72%
+$17,176
$57,050
$235.24
+726
14
LEAPS ONLY
Dec 15 '28
215
230
200 (kept)
-$725
-$3,775
+$838
+$21,831 +$3,646/mo
+$16,875 +$2,819/mo
73%
+$16,493
$61,200
$234.20
+759
15
FULL
Dec 15 '28
215
235
205
-$3,725
-
+$1,793
+$21,936 +$3,664/mo
+$17,103 +$2,857/mo
73%
+$16,419
$64,200
$233.66
+772
16
FULL
Dec 15 '28
215
230
200
-$4,500
-
+$1,935
+$21,940 +$3,665/mo
+$17,112 +$2,858/mo
73%
+$15,505
$64,975
$233.64
+771
17
FULL
Dec 15 '28
215
225
195
-$5,050
-
+$2,015
+$21,942 +$3,665/mo
+$17,115 +$2,859/mo
73%
+$14,877
$65,525
$233.63
+770
18
LEAPS ONLY
Dec 15 '28
215
225
200 (kept)
-$3,675
-$3,775
-$139
+$21,734 +$3,630/mo
+$16,665 +$2,784/mo
72%
+$14,423
$59,150
$234.69
+740
19
FULL
Dec 15 '28
215
235
210
-$6,350
-
+$967
+$21,840 +$3,648/mo
+$16,895 +$2,822/mo
73%
+$14,523
$61,825
$234.15
+754
20
FULL
Dec 15 '28
215
230
205
-$6,975
-
+$765
+$21,845 +$3,649/mo
+$16,905 +$2,824/mo
73%
+$14,105
$62,450
$234.13
+753
21
FULL
Dec 15 '28
215
225
200
-$7,450
-
+$958
+$21,846 +$3,649/mo
+$16,908 +$2,824/mo
73%
+$13,439
$62,925
$234.12
+753
22
LEAPS ONLY
Dec 15 '28
210
230
200 (kept)
-$3,525
-$3,775
+$1,694
+$21,930 +$3,663/mo
+$17,089 +$2,854/mo
73%
+$12,936
$64,000
$233.69
+774
23
FULL
Dec 15 '28
210
235
210
-$9,150
-
+$1,823
+$21,940 +$3,665/mo
+$17,111 +$2,858/mo
73%
+$10,967
$64,625
$233.64
+769
24
LEAPS ONLY
Dec 15 '28
205
230
200 (kept)
-$5,025
-$3,775
+$2,363
+$22,028 +$3,679/mo
+$17,302 +$2,890/mo
73%
+$10,865
$65,500
$233.19
+789
25
FULL
Dec 15 '28
210
230
205
-$9,775
-
+$1,620
+$21,945 +$3,665/mo
+$17,121 +$2,860/mo
73%
+$10,549
$65,250
$233.62
+768
How this was built
917 rolls on the real strikes of Dec 15 '28, Jan 19 '29; 51 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 1.24), 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 (41%). 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.