My ROKU stock is a poor mans covered call. The underlying price is around 86.19. Look at the image. Do we need to do anything with the short call at this time?

Yep — based on what you showed, no action is needed on the short call right now. This is actually a *textbook “do nothing” PMCC moment.

Let me walk it cleanly so it’s obvious why.

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What the position looks like (from the image)

Underlying (ROKU): ~86.19

PMCC legs

• Short call: Mar 20 100C, ~42 DTE
  • Well OTM
  • Very low delta
  • No assignment risk
• Long LEAP: Jan 15 60C, ~343 DTE
  • Deep ITM
  • Doing its job as stock replacement

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PMCC decision checklist (applied to your trade)

1. Is the short call threatened?

❌ No

• Strike 100 vs price 86 → ~14 points away
• No upside pressure
• Delta is tiny

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2. Is gamma risk present?

❌ No

• 42 DTE is well outside the danger zone
• Gamma only starts to matter meaningfully <21 DTE

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3. Has most of the short premium been captured?

❌ No

• You’re not near a 50–70% capture yet
• Rolling now would be volatility-neutral at best and usually a mistake

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4. Is there a reason to proactively roll?

❌ No
Valid proactive roll reasons would be:

• Short delta creeping >0.30–0.35
• Price approaching the strike
• DTE <21 with meaningful premium left

None of those apply.

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Correct action right now

✅ Do nothing

• Let theta work
• Let volatility breathe
• Keep optionality

This is exactly the state you want a PMCC to be in.