Pick an open short put or covered call and Quick Roll lays out the common roll candidates side by side: out in time, up or down in strike, each with its estimated net credit or debit. Net-zero and credit rolls are highlighted so you can extend a position without putting up fresh capital.
Numbers only, on your real positions. For your own research — not financial advice.
Buy-back cost minus new-sale credit, netted into one number for every candidate — so you instantly see which rolls pay you and which cost you.
Compare rolling out one, two, or several expiries. See the added days and the premium they carry, so buying time is a deliberate trade, not a guess.
Move the strike away from danger on a threatened put, or up to keep a covered call working. Each strike variant priced alongside the duration roll.
Net-zero and net-credit rolls are flagged so you can spot a roll that extends the position and still collects premium at a glance.
Open any position from the Wheel Dashboard and drop into the roll view in one click — no re-entering symbols, strikes, or expiries.
Built on the actual short options in your linked accounts, at your real contract counts — not a blank what-if form you have to fill in by hand.
Rolling closes your current short option and opens a new one at a later expiry and/or a different strike in a single decision. Sellers roll to buy more time, move a strike away from danger, or collect additional premium. The calculator shows the estimated net credit or debit of each candidate before you act.
It takes the cost to buy back your current option and the credit from selling the new strike/expiry, and nets them into a single number. Rolls that come out net-zero or net-credit are highlighted.
Yes. Pick any open short put or covered call from your linked accounts and the calculator builds roll scenarios across later expiries and strikes around it.
No. It shows the numbers — net credit/debit, new strike, new expiry, added duration — for your own research. The decision is yours; it is not financial advice.
Any broker WealthWatch links to — Wealthsimple, Questrade, IBKR, TD, Fidelity, Schwab, E*TRADE, Robinhood, Webull, and thousands more via OAuth, plus CSV import.