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.

Illustrative · fictional data · not a recommendation

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

ModeledRolling beat holding the original in 1 of 1 closed chain that could be valued; the other 5 of the 6 closed could not be valued. Hold side marked: expiry intrinsic, the contract’s own last trade, or a model calibrated against real trades; no spread or fees on it. Not a fill, and never added to the figures above.

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.

UMBRL 2 legs · 1 roll · 07-06-2026 to 08-21-2026 · Illustrative accountBeat walking away

vs walking away: +$460; rolling minus closing at R1 · 1 contract
Rolling, realized: +$810; 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: +$225

UMBRL · 2 legs · 1 roll · Illustrative account07-06-2026 to 08-21-2026

Net cash invested: $0; position closed
Cash back from credit rolls: $550; sum of credit rolls
Net of rolls: +$550; credits − debits, fills
Rolls: 1 of 1; 08-21-2026
P/L, rolling: +$810; realized, from fills
vs close at R1: +$460; rolling − closing at R1

Net cash invested$0 invested · realized +$810

$0original cost $600

Closed on 08-21-2026 for $860. Nothing left in the position. Realized +$810 across the chain, before commissions and fees.

Original cost not recovered by credits on this chain. Cash back from credit rolls: $550, 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.

held strikerolling, realizedclose at R1

Time runs left to right. The top panel is each leg’s strike over time, with the rolls between them; each rail is a contract held at its strike, dashed out to its expiration. Rolling and close-at-R1 are your fills, so both spreads you paid are inside them; commissions and regulatory fees are not in the broker feed and are not deducted. Rolling is drawn as realized P/L, stepping at each closing fill: nothing between fills is marked. Hold original could not be valued for this chain: no underlying close on file at entry.

Ledger · UMBRL, all contractsfrom these fictional fills · spreads in, fees not deducted

#	Date	From → to	Sold	Bought	Net
Open	07-06-2026	buy 1 × 120 C 08-21-2026 @ 6.00	·	$600	-$600
R1	07-24-2026	120 C 08-21-2026 → 130 C 09-18-2026sold $950 · bought $400	$950	$400	+$550
Close	08-21-2026	sell 1 × 130 C 09-18-2026 @ 8.60	$860	·	+$860
P/L	08-21-2026	rolling, realized across the chain			+$810
Walk	07-24-2026	close the original at R1, at the price R1 filled			+$350
Δ	08-21-2026	Rolling minus closing at R1			+$460

-$600 +$550 +$860 = +$810 realized. +$810 − +$350 walking away = +$460. 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

07-03-2026 to 09-30-2026

MeasuredLast 90 days07-03-2026 to 09-30-2026

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

7 graded chains

Across your roll chainsfrom these fictional fills · before costs

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

grouped by ticker

Roll chains · 7 graded chains · 7 tickersrealized before costs

ChainRealizedLegs after first

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

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

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

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

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

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

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 recommendation

Every 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 recommendation

Each 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.

Illustrative account · every journal feature shown · 12 trades on recordPaid plans aren’t open yet.

MeasuredScorecard8 closed · 7 chains

Closed trades: 8; 7 chains (a roll chain counts once)
Win rate: 50%; 8 legs / 7 chains — too few to bound
Return on premium: -7.2%; 8 legs / 7 chains — too few to bound
Realized P&L: -$320; from recorded premiums, before commissions and fees

Metrics cover long-option journal trades only. Short-option credits and fills without a matched open are not counted.

What these numbers mean

Return on premium is the headline: every dollar you got back, divided by every dollar of premium you paid. It is size-weighted, so a big position counts for what it actually cost you. Compare it to anything — an index, a savings account, last quarter.

Avg return per leg , on the History tab, is the plain average instead — each leg counting once regardless of size. When it disagrees with the headline, the gap tells you something: a better average than headline means your big positions are dragging; the reverse means your size is going where it should. It sits over there rather than here because that is where its confidence interval is, and an average this small a sample without one invites more confidence than it has earned.

Per-trade results are the same idea one trade at a time — your result as a percent of the premium you put at risk, so a trade that paid $250 and made $500 is +200% on premium. For a long option that premium is the whole planned risk, which is why the per-trade figure and the headline share a unit. Verify freezes the denominator the moment you log the trade, so the score is against the plan you actually had.

What is deliberately NOT shown is a sum of those per-trade percentages. Adding them across trades counts a total loss on a $500 position exactly as heavily as one on a $65,000 position, which hides real money. This dashboard once summed them to a loss of nine and a half premiums while carrying $394,310 of losses that never happened; return on premium would have shown roughly -12% instead of -3%.

Performance

closed legs, in dollars

8 closed legs across 7 chains. A roll chain writes one row per leg, so these average over legs rather than over independent decisions — the chain count (a single trade is a chain of one) is the smaller, honest denominator.

Avg return per leg

+12%

8 legs / 7 chains — too few to bound

Profit factor

0.76

Payoff ratio

1.42

Max drawdown

-$1,250

Avg DTE in -> out

55 -> 29

Fig. 1 · Equity curve (realized P&L)dollars, by exit date

Dollars, ordered by exit date. This was a running sum of per-trade percentages until 08-30-2026, which drew the same step for a $500 loss and a $65,000 one.

Fig. 2 · Return distribution

Fig. 3 · Result by recorded exit reason

Average return on premium grouped by the reason recorded at exit. These groups are NOT comparable to each other: the reason is provenance rather than intent — broker sync derives it from the fill action, CSV import coerces anything unrecognised to “manual”, and the close form defaults to it. That is why “which exit reason performs best” is a permanently refused question in Review below. Bars are drawn only where a group has at least 20 closed trades; the rest show the figure alone.

Review

What this is computed over

8 closed rows across 7 chains (1 roll chain of 2+ legs), 04-28-2026 to 08-28-2026.

A roll leg is written as its own row, so rows and decisions are not the same number. The chain count (a single trade is a chain of one) is the honest one.

0 of 8 recorded a stop at entry; 8 never had a price side to the plan.
0 of 8 carry their own time stop. The rest fall back to a floor the app supplied.
Provenance: 0 locked in Check, 0 from broker sync, 8 entered by hand or imported.

Positions ridden to zero

0 of 8.

Rate withheld below 20 closed rows — you have 8. The count is a fact about the account; a rate is an estimate, and at this n one more outcome moves it double digits.

Read this as a floor, not a total. Lots past expiry with no closing fill on record never reach this table. A missing close is missing data rather than a wipeout, which is why it is held out - but it is missing in the direction that flatters this number. The Import tab counts them.

Locked plans, and how they filled

2 locked, 1 filled, 0 expired unfilled, 1 still pending.

Slippage withheld: 1 filled plan on record, 15 needed.

This measures only the fills you took. Your return is measured against what you actually paid rather than the estimate, so none of this reaches the scorecard.

What this will not tell you

Never answerable. Each is unanswerable from the way the data is recorded - an identity, a hindsight maximum, a censored arm - and no amount of trading turns it on.

Do I do better when I respect my time stop?
Unanswerable as posed, in both directions. planStatus only warns once DTE drops below the floor, so closing the day you are warned lands in the violation bucket - obeying the rule cannot be scored as compliance. And every expiry is hard-set to exactly -100% of premium, so expiries fall in that same bucket automatically. The comparison is an identity: guaranteed to fire, guaranteed large, and true of a trader with perfect discipline.
How often do I actually honor my ATR stop?
Every broker-imported row carries a null entry underlying and a null ATR, so most of the book never recorded a price side to its plan. The only price data on hand covers rolled symbols, which means the computable denominator is precisely the chains that did not honor a stop. Reconstructing when a stop would have triggered from daily closes would be a modeled event time presented as a measured rate.
Is rolling costing me money overall?
Both available statistics are hindsight maxima. Left-on-table is the best walk-away minus the final result, which is non-negative by construction - it can never say rolling was fine. Rolling cost has the same defect sign-flipped: the last leg is the high-water mark only about one time in k, so a four-leg chain reads roughly 25% "rolling won" on a driftless random walk. The real sample is the number of chains, not the number of legs.
Do my bigger positions do worse?
Mechanically confounded. Planned risk is defined as the premium paid, so the return on premium is a scale-free percentage while the axis it is plotted against is proportional to that same premium. Percentage-return dispersion falls as premium rises - a deep-in-the-money call cannot produce a lottery ticket’s return. The correlation measures strike selection and its sign is predictable before looking.
Are my short-dated entries worse than my long-dated ones?
Censored by construction. At any snapshot the long-dated trades that are working are still OPEN and absent from every arm, while the long-dated trades that failed resolved quickly and are present. The comparison is between resolved short-dated trades and the failures among long-dated ones. It also functions as "stop taking short-dated entries" however it is captioned.
Which of my exit reasons performs best?
The exit reason is provenance, not intent. Broker sync derives it from the fill action, CSV import coerces anything unrecognized to "manual", and the close form defaults to "manual". The categories are not comparable to each other because they were not recorded by the same process.

Not answerable yet

These depend on counts, so they are checked against your book each time this page renders rather than asserted once. Both used to sit in the list above with sample-size reasons attached, which stopped being true the moment the book outgrew them.

Which tickers do I trade well?
Not yet: busiest ticker has 2 closed trades of 30 needed, across 6 tickers. Two obstacles, and more data clears only one. Depth: a ticker needs enough closed trades of its own before an interval on it means anything, and even at 30 that interval runs roughly 35 points wide, so only a large difference could ever show. Selection: whichever ticker gets named is the post-hoc extreme of every ticker examined, so any claim needs a correction across the number considered - and the tickers you traded most are the ones you already believed in, which no correction repairs.
Is my win rate better under condition X than condition Y?
Not yet: 7 chains of 760 needed to put 380 in each arm. At a win rate near 40%, detecting a 10-point difference needs roughly 380 chains in each arm. The sharper problem is not power though, it is the arms: nearly every split worth making - by days to expiry, by size, by exit reason, by ticker - is independently refused above. Reaching the count would license the statistic without supplying anything honest to split on.

History

Trade history (7 chains)

7 chains

Grouped by account, then ticker. Every chain — a single trade, or a trade and its rolls — expands into its full event ledger. Rolls are chained and scored against the first leg's plan. Each account shows its latest 20 chains — open an account's full list for everything.

Metric definitions

Chain return: The whole roll chain’s net P&L as a percent of the premium you paid on the FIRST leg. The number per-leg journals cannot show.
Risk off: Percent of all premium paid that has come back as credits. 100% means your outlay is fully recovered.
Capital: Total premium deployed across the chain’s whole life, as a multiple of the first leg’s debit. 2.5x means the rolls consumed 2.5 times your original outlay. It is a running total, NOT what you have at stake — each roll’s credit paid for part of the next debit, so a chain can read 2.5x deployed while holding less than it opened with.
If closed here: The realized result had you closed at this event instead of continuing. Arithmetic on fills already taken, but a path you did not follow. In dollars and as a percent of the first leg’s premium, gross of commissions and fees.
Net cash: Running net of all debits and credits. The chain’s realized P&L once closed.
B/E: Per-leg breakeven at expiry: strike plus the premium paid for that contract.
Days +/-: Calendar days of runway a roll added: the new contract’s DTE minus what remained on the old one.
Roll verdict: Compares the chain’s final result against the best point where you could have walked away instead of rolling on.

Preview Brokerage ...00007 chains-$320

ACME1 chain$210

Closed2 legs#100 -> #101$210 (+53% of first premium)1.8x deployed129% off

Date	Action	Strike	Exp	DTE	Days +/-	Prem	B/E	Cash	Credits	Net cash	Risk off	If closed here
05-01-2026	Open	100.00	07-17-2026	77	—	4.00	104.00	-$400	$0	-$400	—	—
05-20-2026	Roll	95.00	09-18-2026	121	+63	3.20	98.20	-$170	$150	-$570	38%	-$250 (-62%)
07-10-2026	Close	95.00	09-18-2026	—	—	—	—	$780	$930	$210	129%	$210 (+53%)

Final exit 115% of premium above the best earlier exit.

The best earlier exit is picked with hindsight over this chain, so it is not a decision that was available at the time and not a cost of rolling. Gross of commissions and fees.

"If closed here" is measured from your real fills, not modeled. A hold-the-original comparison needs historical market data and ships with live quotes.

Receipt #100 Receipt #101

Delete roll chain

GLOBX1 chain$90

Closed1 leg#107$90 (+36% of first premium)1.0x deployed136% off

Date	Action	Strike	Exp	DTE	Days +/-	Prem	B/E	Cash	Credits	Net cash	Risk off	If closed here
04-06-2026	Open	50.00	05-15-2026	39	—	2.50	52.50	-$250	$0	-$250	—	—
04-28-2026	Close	50.00	05-15-2026	—	—	—	—	$340	$340	$90	136%	$90 (+36%)

—

"If closed here" is measured from your real fills, not modeled. A hold-the-original comparison needs historical market data and ships with live quotes.

Receipt

Delete roll chain

INITECH2 chains$20

Closed1 leg#111$120 (+86% of first premium)1.0x deployed186% off

Date	Action	Strike	Exp	DTE	Days +/-	Prem	B/E	Cash	Credits	Net cash	Risk off	If closed here
07-20-2026	Open	28.00	08-21-2026	32	—	1.40	29.40	-$140	$0	-$140	—	—
08-14-2026	Close	28.00	08-21-2026	—	—	—	—	$260	$260	$120	186%	$120 (+86%)

—

"If closed here" is measured from your real fills, not modeled. A hold-the-original comparison needs historical market data and ships with live quotes.

Receipt

Delete roll chain

Closed1 leg#108-$100 (-53% of first premium)1.0x deployed47% off

Date	Action	Strike	Exp	DTE	Days +/-	Prem	B/E	Cash	Credits	Net cash	Risk off	If closed here
06-01-2026	Open	30.00	06-26-2026	25	—	1.90	31.90	-$190	$0	-$190	—	—
06-15-2026	Close	30.00	06-26-2026	—	—	—	—	$90	$90	-$100	47%	-$100 (-53%)

—

"If closed here" is measured from your real fills, not modeled. A hold-the-original comparison needs historical market data and ships with live quotes.

Receipt

Delete roll chain

SOYLNT1 chain-$90

Closed1 leg#110-$90 (-75% of first premium)1.0x deployed25% off

Date	Action	Strike	Exp	DTE	Days +/-	Prem	B/E	Cash	Credits	Net cash	Risk off	If closed here
07-20-2026	Open	22.00	09-18-2026	60	—	1.20	23.20	-$120	$0	-$120	—	—
08-28-2026	Close	22.00	09-18-2026	—	—	—	—	$30	$30	-$90	25%	-$90 (-75%)

—

"If closed here" is measured from your real fills, not modeled. A hold-the-original comparison needs historical market data and ships with live quotes.

Receipt

Delete roll chain

STARK1 chain-$900

Closed1 leg#109-$900 (-37% of first premium)1.0x deployed63% off

Date	Action	Strike	Exp	DTE	Days +/-	Prem	B/E	Cash	Credits	Net cash	Risk off	If closed here
05-11-2026	Open	210.00	06-18-2026	38	—	8.00	218.00	-$2,400	$0	-$2,400	—	—
06-01-2026	Close	210.00	06-18-2026	—	—	—	—	$1,500	$1,500	-$900	63%	-$900 (-37%)

—

"If closed here" is measured from your real fills, not modeled. A hold-the-original comparison needs historical market data and ships with live quotes.

Receipt

Delete roll chain

UMBRL1 chain$350

Closed1 leg#106$350 (+58% of first premium)1.0x deployed158% off

Date	Action	Strike	Exp	DTE	Days +/-	Prem	B/E	Cash	Credits	Net cash	Risk off	If closed here
07-06-2026	Open	120.00	08-21-2026	46	—	6.00	126.00	-$600	$0	-$600	—	—
07-24-2026	Close	120.00	08-21-2026	—	—	—	—	$950	$950	$350	158%	$350 (+58%)

—

"If closed here" is measured from your real fills, not modeled. A hold-the-original comparison needs historical market data and ships with live quotes.

Receipt

Delete roll chain

Verify, illustrated

Rolling beat walking away in 3 of 6 closed roll chains, from these fictional fills, before commissions and fees.

Every round trip, measured

What your rolls show

Every roll chain

Reading the Roll Record

The journal

Performance

Review

What this is computed over

Positions ridden to zero

Locked plans, and how they filled

What this will not tell you

Not answerable yet

Trade history (7 chains)

Your next trade deserves a plan.