Wheel Position Management

ROLL DECISION
CALCULATOR

Enter your current position and the proposed roll target. The calculator tells you whether to roll, close, or take assignment — and why.

The Golden Rule of Rolling
Only roll for a net credit. Rolling for a debit means you are paying to delay a loss — not solving the problem. If you cannot collect at least $0.05 net credit after the roll, close the position and move on.

Exception: Rolling down AND out (lower strike, longer DTE) can be done for small debit if it meaningfully improves your break-even and you still want to own the stock at the lower strike.
Current Position — CSP
Per share when you opened the trade
What it costs to buy back right now
Proposed Roll Target
Lower strike = less assignment risk
14–30 days recommended
Per share at the new strike + expiry
Decision breakdown

This calculator is for educational purposes only. Options trading involves substantial risk of loss. Always verify earnings dates at earningswhispers.com before rolling. · OPERATOR Trading · Not financial advice.