Options trader managing profitable GOOGL LEAPS asks whether to roll June 2026 $255 calls into June 2027 $290 or Dec 2027 $340 strikes, leaning toward the latter for extra time and cash.
GOOGL — LONG The author is long-term bullish on Alphabet and holds 20 LEAPS calls, planning to roll June 2026 $255 strikes out to 2027 to reset the clock. He leans toward rolling into Dec 2027 $340 calls to bank $18k-$20k cash and gain nearly two years of time, accepting lower 0.50 delta exposure versus a 0.75-delta June 2027 $290 strike. He expects a 20% move by year-end and plans to execute before earnings to capture the IV spike on his current June 2026 calls. Main stated risk is reduced traction if Google rallies sharply due to the lower delta.
I'm leaning toward the Dec $340s for the extra time and the cash buffer