Illustrative · fictional data · not a recommendation
Verify, illustrated
The Roll Record and the journal as they are today, drawn by the product's own components over invented trades (as of 09-30-2026). The tickers are made up, the figures are the real scoring applied to fictional fills, and nothing here is anyone's trading or advice. No button on this page does anything.
Roll Record
Rolling beat walking away in 3 of 6 closed roll chains, from these fictional fills, before commissions and fees.
- Beat walking away
- 3
- of 6 closed
- Did worse
- 3
- of 6 closed
- Net vs walking away
- +$685
- across 6 closed · at the contracts traded · from fills, before commissions and fees
- Open, not scored
- 2
- listed below, never scored
Fills as of last sync: 09-30-2026, 1:00 PM CTAge: 2 hours oldProvider delay: broker data can lag at SnapTrade, up to a day for Robinhood
Rolls after that sync are not counted until the next one.
Open · not scored
Each bar: rolling minus walking away, at the contracts traded, from these fictional fills. Pick a chain to see it drawn, or use j / k.
- vs walking away
- -$180
- rolling minus closing at R1 · 3 contracts
- Rolling, realized
- -$1,080
- from these fictional fills, before commissions and fees
- vs holding (modeled)
- --
- not valued for this chain
Net across all closed chains vs walking away, without this chain: +$865
- Net cash invested
- $0
- position closed
- Cash back from credit rolls
- $0
- sum of credit rolls
- Net of rolls
- -$450
- credits − debits, fills
- Rolls
- 1 of 1
- 06-26-2026
- P/L, rolling
- -$1,080
- realized, from fills
- vs close at R1
- -$180
- rolling − closing at R1
Closed on 06-26-2026 for $1,770. Nothing left in the position. Realized -$1,080 across the chain, before commissions and fees.
Original cost not recovered by credits on this chain. Cash back from credit rolls: $0, the sum of the credits taken on this chain's rolls. Net cash invested is cost + debits − credits; an open option can still lose its remaining value even after its original cost has been recovered.
| # | Date | From → to | Sold | Bought | Net |
|---|---|---|---|---|---|
| Open | 05-11-2026 | buy 3 × 210 C 06-18-2026 @ 8.00 | · | $2,400 | -$2,400 |
| R1 | 06-01-2026 | 210 C 06-18-2026 → 200 C 08-21-2026sold $1,500 · bought $1,950 | $1,500 | $1,950 | -$450 |
| Close | 06-26-2026 | sell 3 × 200 C 08-21-2026 @ 5.90 | $1,770 | · | +$1,770 |
| P/L | 06-26-2026 | rolling, realized across the chain | -$1,080 | ||
| Walk | 06-01-2026 | close the original at R1, at the price R1 filled | -$900 | ||
| Δ | 06-26-2026 | Rolling minus closing at R1 | -$180 |
-$2,400 -$450 +$1,770 = -$1,080 realized. -$1,080 − -$900 walking away = -$180. From the fills above, both spreads inside them, before commissions and fees.
How these figures are counted
From these fictional fills: 8 chains with a roll: 6 closed, 2 still open. Every closed chain counts, losses included: 3 did worse than walking away. Walking away means closing the first contract at the first roll, at the price that roll actually filled. 2 still open: listed, not scored.
The graded sheets below count the 7 with two or more closed legs: 6 closed (the same 6 scored here), 1 still open. The other 1 rolled straight into a leg that is still open, so it has one closed leg and is not graded.
Both sides are fills, so both net the spreads you paid; neither nets commissions or fees. One trader’s chains describe that trader, not an edge.
What rolling does, and what this page records
- Keep a good idea aliveStill bullish on the name, but the entry came early? A roll closes the contract and opens another, often further out, so the position stays on instead of being closed at a loss. Each roll above shows what it cost or paid.
- Pull your cost back outA roll that pays a credit hands cash back while the position stays on. The strip shows net cash invested: the first contract’s cost, plus debits, minus credits. At zero the original cost is back out; below zero it is a net credit. The open option can still lose its remaining value.
- Every roll journaled from your fillsFor members, each roll is recorded automatically from your broker fills; there is nothing to type. The scoreboard is the review: every chain, including the ones where rolling did worse than walking away.
A record of your own rolls, not advice, and not evidence that rolling works better than closing. Credits lower your net cash invested, and they also lower what stays in the trade if the stock keeps moving your way. Recovering the original cost does not protect the open option: it can still lose its remaining value.
Last 90 days
Every round trip, measured
- Closed
- 9
- round trips in 90 days
- Realized, before costs
- +$1,225
- 9 closed · before commissions and fees
- Median return on premium
- +47%
- of 9 closed
- Rode to zero
- 0
- of 9 closed
9 closed trades in 90 days, $1,225 realized. 4 of them were rolled chains.Measured from these fictional fills, before commissions and fees
Across your roll chains
What your rolls show
- Closed graded chains
- 6
- each with 2+ closed legs · 1 still open, not in these totals
- Rolls between closed legs
- 7
- across the 6 closed chains
- Realized, before costs
- +$95
- 6 closed chains · before commissions and fees
- Legs after the first
- +$685
- 6 closed chains · before commissions and fees
6 closed graded chains; 1 still open, listed and kept out of these totals. Rolling beat walking away in 3 of 6 closed. 1 more chain rolled straight into a leg still open and is not graded.Measured from these fictional fills, before commissions and fees
- Before commissions and fees, across the 6 closed chains, the legs after the first added money in 3 of 6, cost money in 3, and were flat in 0.
- The final leg was the chain's cumulative high point in 2 of 6 chains; that high point is chosen after the fact, so it was not a decision available at the time.
- 3 of your 10 rolls were made with under 21 days left on the contract rolled out of (in 3 of 8 chains); 4 paid a net debit and 6 took a net credit, from fills. Counted across all 8 chains with a roll, open ones included; how you rolled, not how it turned out.
A description of your own chains, not advice and not evidence that any way of rolling works better. With this few chains, one trade can change any of these counts.
The chains
Every roll chain
WAYNE1 chain · 1 open+$220
WAYNE1 roll · +1 into the open leg · still open+$220+$80
- Realized, before costs
- +$220
- Legs after the first
- +$80
- Cumulative high point
- $220$0 above final
Realized and legs after the first: from these fictional fills, before commissions and fees. The cumulative high point is selected after the fact over the whole chain, including the final leg, so it is not a decision that was available at the time and not a cost of rolling.
1 roll. Realized $220, and the legs after the first added $80. The final exit was the highest point of the chain. The chain is still open, so this is realized P&L only. Gross of commissions and fees.
UMBRL1 chain+$810
UMBRL1 roll+$810+$460
- Realized, before costs
- +$810
- Legs after the first
- +$460
- Cumulative high point
- $810$0 above final
Realized and legs after the first: from these fictional fills, before commissions and fees. The cumulative high point is selected after the fact over the whole chain, including the final leg, so it is not a decision that was available at the time and not a cost of rolling.
1 roll. Realized $810, and the legs after the first added $460. The final exit was the highest point of the chain. Gross of commissions and fees.
INITECH1 chain-$235
INITECH1 roll-$235-$135
- Realized, before costs
- -$235
- Legs after the first
- -$135
- Cumulative high point
- -$100$135 above final
Realized and legs after the first: from these fictional fills, before commissions and fees. The cumulative high point is selected after the fact over the whole chain, including the final leg, so it is not a decision that was available at the time and not a cost of rolling.
1 roll. Realized -$235, and the legs after the first subtracted $135. Looking back, the cumulative high point was -$100 after leg 1, $135 above the final - a peak picked with hindsight, not a decision that was available at the time. Gross of commissions and fees.
ACME1 chain+$210
ACME1 roll+$210+$460
- Realized, before costs
- +$210
- Legs after the first
- +$460
- Cumulative high point
- $210$0 above final
Realized and legs after the first: from these fictional fills, before commissions and fees. The cumulative high point is selected after the fact over the whole chain, including the final leg, so it is not a decision that was available at the time and not a cost of rolling.
1 roll. Realized $210, and the legs after the first added $460. The final exit was the highest point of the chain. Gross of commissions and fees.
STARK1 chain-$1,080
STARK1 roll-$1,080-$180
- Realized, before costs
- -$1,080
- Legs after the first
- -$180
- Cumulative high point
- -$900$180 above final
Realized and legs after the first: from these fictional fills, before commissions and fees. The cumulative high point is selected after the fact over the whole chain, including the final leg, so it is not a decision that was available at the time and not a cost of rolling.
1 roll. Realized -$1,080, and the legs after the first subtracted $180. Looking back, the cumulative high point was -$900 after leg 1, $180 above the final - a peak picked with hindsight, not a decision that was available at the time. Gross of commissions and fees.
GLOBX1 chain-$30
GLOBX1 roll-$30-$120
- Realized, before costs
- -$30
- Legs after the first
- -$120
- Cumulative high point
- $90$120 above final
Realized and legs after the first: from these fictional fills, before commissions and fees. The cumulative high point is selected after the fact over the whole chain, including the final leg, so it is not a decision that was available at the time and not a cost of rolling.
1 roll. Realized -$30, and the legs after the first subtracted $120. Looking back, the cumulative high point was $90 after leg 1, $120 above the final - a peak picked with hindsight, not a decision that was available at the time. Gross of commissions and fees.
HOOLI1 chain+$420
HOOLI2 rolls+$420+$200
- Realized, before costs
- +$420
- Legs after the first
- +$200
- Cumulative high point
- $560$140 above final
Realized and legs after the first: from these fictional fills, before commissions and fees. The cumulative high point is selected after the fact over the whole chain, including the final leg, so it is not a decision that was available at the time and not a cost of rolling.
Rolling vs holding the original
+$1,020
Marked, not a fill — expiry intrinsic, the contract’s own last trade, or a model calibrated against real trades; no spread or fees on the hold side, none of your fees on either
2 rolls. Realized $420, and the legs after the first added $200. Looking back, the cumulative high point was $560 after leg 2, $140 above the final - a peak picked with hindsight, not a decision that was available at the time. Gross of commissions and fees. At the chain's end, rolling was $1,020 ahead of holding the original (hold side marked, not a fill; no spread or fees on it).
This illustrated Roll Record reports from invented fills, before commissions and fees; a real one reports from your own. Hold-original is modeled and is never added to a measured figure. Not advice.
Reading the Roll Record
Illustrative · fictional data · not a recommendationEvery rolled chain from the fills, closed ones scored against walking away at the first roll, open ones listed and not scored, the modeled hold-original kept apart. One invented trader’s chains describe that trader, not an edge. Pick any chain in the list above to draw it; the chart replays the chain roll by roll, and the ledger under it lists every fill.
- Walking away
- Closing the first contract at the first roll, at the price that roll actually filled. Each closed chain is scored rolling minus walking away, from fills, before commissions and fees.
- Net cash invested
- The first contract’s cost, plus debits, minus credits. Below zero it is a net credit. An open option can still lose its remaining value even after its original cost has been recovered.
- Hold original (marked)
- What the untouched first contract was worth: intrinsic once it expired; before that, its own last trade, or a model calibrated against real trades where it did not trade. Dates it cannot value are left blank. No spread or fees on that side; not a fill, and never added to the measured figures.
- Open roll chains
- Listed, never scored, until the last leg closes; the open leg is not marked to market.
The journal
Illustrative · fictional data · not a recommendationEach trade is scored against the plan on record at entry, as a percent of the premium at risk. Shown with every journal feature on and a broker synced two hours before the pinned date; broker sync, CSV import and the full history are on paid plans, and paid plans aren’t open yet.