1 contracts (100 sh) | BE SS: $588.00 | CC-SS: $608.96 (banked floor $589.11) | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $48,300 | (ND $128.00 + SW $355) x 100 |
| Normal income ref | $2,507/mo | 95% ann ROI on ML |
| Hedge rolling cost | $92/mo | |
| Unrealized P&L | $-31,638 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 1x $360C 4 Sep 2026 | U18827291 | $2.37 | $237 | 2026-08-19 |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 1 contracts). The master ranks the two by E[net]/mo to pick one grand pick; both are shown here so you can choose the tenor that fits your roll cadence.
| Track | Expiry | Sell | Survival | Income/mo | E[net]/mo |
|---|---|---|---|---|---|
| NEXT FRIDAY 🏆 | 11 Sep 2026 · 7d | 1 × $325 | 72% | $1,457 | $-275 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | FIGHT edge | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 1 × $355 | 11 Sep | 7d | 13.7% | 96%hist 96% | 7%hist 2% | +1pp | $25 | $107 | -$1,350 | $25,371 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $355 13.7% OTM over spot $312.23 11 Sep 2026 (7d, $0.62 mid) = $25 credit for the 7d cycle → $107/mo projected Survival (stays ≤ $355) 96% Breach risk 4% POP (stays ≤ $355.62) 97% EV / mo +$43 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +1pp 11% whole by 9mo vs 10% doing nothing FIRE DRILLS ~0.6/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $0/mo median; plan ~$0/mo after 68% keep · $1 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~6.1 mo, measured ONLY among the 11% of futures that got whole 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 5% Flat exit net (mid-life) -$873 Free roll-up +$3/wk Safest escape (by 2 Oct 2026) $373 @ 75% POP 68% survival Roll menuyour doors if the call gets challenged; each row = buy back the 1 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $12.69/sh now → $8.98 mid-life (likely $5.98–$11.18) → ≈ $0 at expiry | you banked $0.25/sh, so a flat mid-life exit nets -$8.73/sh | roll rows are incremental, the banked premium stays yours 📊 Across 144 simulated challenges: the $355 strike is typically first touched on day 6 of 7, at $360 (overshoots $5.25). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $355 is $254 below CC-SS $608.96: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.06/sh (~25% of the $0.25 collected) or spot ≥ $355.62 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $355)); NOT the premium you collected. Momentum override: two daily closes above $321.10 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.09 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $608.96, where you are whole again, by expiry) Starting unrealized P&L: $-31,638 + Fortress recovery (un-capped): +$32,343 − CC assignment net of premium (1 × $355): -$25,371 Total Position P&L @ SS: $-24,665 (+$6,973 vs today) Do-nothing baseline at SS: $-16,185 (this trade vs do-nothing: $-8,480, the opportunity cost of earning $107/mo FIGHT income now) BB-reversion stress (→ $441.02 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$8,577, position total $-26,176 (+$5,461 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 1 × $342.50 | 11 Sep | 7d | 9.7% | 90%hist 96% | 20%hist 13% | +1pp | $85 | $364 | -$1,093 | $26,561 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $342.50 9.7% OTM over spot $312.23 11 Sep 2026 (7d, $2.92 mid) = $85 credit for the 7d cycle → $364/mo projected Survival (stays ≤ $342.50) 90% Breach risk 10% POP (stays ≤ $345.43) 92% EV / mo +$100 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +1pp 10% whole by 9mo vs 10% doing nothing FIRE DRILLS ~1.9/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $172/mo median; plan ~$117/mo after 68% keep · $1,490 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~5.6 mo, measured ONLY among the 10% of futures that got whole 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 14% Flat exit net (mid-life) -$781 Free roll-up +$3/wk Safest escape (by 2 Oct 2026) $365 @ 77% POP 72% survival Roll menuyour doors if the call gets challenged; each row = buy back the 1 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $12.25/sh now → $8.66 mid-life (likely $7.35–$13.01) → ≈ $0 at expiry | you banked $0.85/sh, so a flat mid-life exit nets -$7.81/sh | roll rows are incremental, the banked premium stays yours 📊 Across 406 simulated challenges: the $342 strike is typically first touched on day 5 of 7, at $348 (overshoots $5.14). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $342.50 is $266 below CC-SS $608.96: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.21/sh (~25% of the $0.85 collected) or spot ≥ $345.43 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $342)); NOT the premium you collected. Momentum override: two daily closes above $321.10 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.09 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $608.96, where you are whole again, by expiry) Starting unrealized P&L: $-31,638 + Fortress recovery (un-capped): +$32,343 − CC assignment net of premium (1 × $342.50): -$26,561 Total Position P&L @ SS: $-25,855 (+$5,783 vs today) Do-nothing baseline at SS: $-16,185 (this trade vs do-nothing: $-9,670, the opportunity cost of earning $364/mo FIGHT income now) BB-reversion stress (→ $441.02 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$9,767, position total $-27,366 (+$4,271 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 1 × $332.50 | 11 Sep | 7d | 6.5% | 81%hist 86% | 38%hist 31% | +4pp | $220 | $943 | -$514 | $27,426 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $332.50 6.5% OTM over spot $312.23 11 Sep 2026 (7d, $2.75 mid) = $220 credit for the 7d cycle → $943/mo projected Survival (stays ≤ $332.50) 81% Breach risk 19% POP (stays ≤ $335.25) 84% EV / mo +$227 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +4pp 16% whole by 9mo vs 12% doing nothing FIRE DRILLS ~3.6/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $443/mo median; plan ~$301/mo after 68% keep · $3,858 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~5.6 mo [4.2-7.6], measured ONLY among the 16% of futures that got whole 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 26% Flat exit net (mid-life) -$621 Free roll-up +$3/wk Safest escape (by 2 Oct 2026) $360 @ 80% POP 75% survival Roll menuyour doors if the call gets challenged; each row = buy back the 1 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $11.89/sh now → $8.41 mid-life (likely $8.20–$13.22) → ≈ $0 at expiry | you banked $2.20/sh, so a flat mid-life exit nets -$6.21/sh | roll rows are incremental, the banked premium stays yours 📊 Across 792 simulated challenges: the $332 strike is typically first touched on day 4 of 7, at $338 (overshoots $5.24). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $332.50 is $276 below CC-SS $608.96: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.55/sh (~25% of the $2.20 collected) or spot ≥ $335.25 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $332)); NOT the premium you collected. Momentum override: two daily closes above $321.10 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.09 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $608.96, where you are whole again, by expiry) Starting unrealized P&L: $-31,638 + Fortress recovery (un-capped): +$32,343 − CC assignment net of premium (1 × $332.50): -$27,426 Total Position P&L @ SS: $-26,720 (+$4,918 vs today) Do-nothing baseline at SS: $-16,185 (this trade vs do-nothing: $-10,535, the opportunity cost of earning $943/mo FIGHT income now) BB-reversion stress (→ $441.02 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$10,632, position total $-28,231 (+$3,406 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 1 × $325 | 11 Sep | 7d | 4.1% | 72%hist 84% | 57%hist 43% | +5pp | $340 | $1,457 | — | $28,056 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $325 4.1% OTM over spot $312.23 11 Sep 2026 (7d, $4.40 mid) = $340 credit for the 7d cycle → $1,457/mo projected Survival (stays ≤ $325) 72% Breach risk 28% POP (stays ≤ $329.40) 78% EV / mo +$145 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +5pp 14% whole by 9mo vs 10% doing nothing FIRE DRILLS ~6.1/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $564/mo median; plan ~$383/mo after 68% keep · $4,956 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~6.6 mo, measured ONLY among the 14% of futures that got whole 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 44% Flat exit net (mid-life) -$482 Free roll-up +$3/wk Safest escape (by 2 Oct 2026) $358 @ 82% POP 79% survival Roll menuyour doors if the call gets challenged; each row = buy back the 1 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $11.62/sh now → $8.22 mid-life (likely $9.38–$13.98) → ≈ $0 at expiry | you banked $3.40/sh, so a flat mid-life exit nets -$4.82/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,312 simulated challenges: the $325 strike is typically first touched on day 3 of 7, at $330 (overshoots $5.11). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $325 is $284 below CC-SS $608.96: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.85/sh (~25% of the $3.40 collected) or spot ≥ $329.40 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $325)); NOT the premium you collected. Momentum override: two daily closes above $321.10 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.09 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $608.96, where you are whole again, by expiry) Starting unrealized P&L: $-31,638 + Fortress recovery (un-capped): +$32,343 − CC assignment net of premium (1 × $325): -$28,056 Total Position P&L @ SS: $-27,350 (+$4,288 vs today) Do-nothing baseline at SS: $-16,185 (this trade vs do-nothing: $-11,165, the opportunity cost of earning $1,457/mo FIGHT income now) BB-reversion stress (→ $441.02 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$11,262, position total $-28,861 (+$2,776 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 1 × $315 | 11 Sep | 7d | 0.9% | 56%hist 69% | 90%hist 79% | +4pp | $680 | $2,914 | +$1,457 | $28,716 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $315 0.9% OTM over spot $312.23 11 Sep 2026 (7d, $7.70 mid) = $680 credit for the 7d cycle → $2,914/mo projected Survival (stays ≤ $315) 56% Breach risk 44% POP (stays ≤ $322.70) 69% EV / mo +$213 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +4pp 12% whole by 9mo vs 8% doing nothing FIRE DRILLS ~13.3/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $809/mo median; plan ~$550/mo after 68% keep · $7,169 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~5.6 mo, measured ONLY among the 12% of futures that got whole 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 71% Flat exit net (mid-life) -$117 Free roll-up +$3/wk Safest escape (by 2 Oct 2026) $373 @ 91% POP 91% survival Roll menuyour doors if the call gets challenged; each row = buy back the 1 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $11.26/sh now → $7.97 mid-life (likely $10.96–$15.74) → ≈ $0 at expiry | you banked $6.80/sh, so a flat mid-life exit nets -$1.17/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,118 simulated challenges: the $315 strike is typically first touched on day 2 of 7, at $321 (overshoots $5.70). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $315 is $294 below CC-SS $608.96: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $1.70/sh (~25% of the $6.80 collected) or spot ≥ $322.70 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $315)); NOT the premium you collected. Momentum override: two daily closes above $321.10 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.09 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $608.96, where you are whole again, by expiry) Starting unrealized P&L: $-31,638 + Fortress recovery (un-capped): +$32,343 − CC assignment net of premium (1 × $315): -$28,716 Total Position P&L @ SS: $-28,010 (+$3,628 vs today) Do-nothing baseline at SS: $-16,185 (this trade vs do-nothing: $-11,825, the opportunity cost of earning $2,914/mo FIGHT income now) BB-reversion stress (→ $441.02 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$11,922, position total $-29,521 (+$2,116 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (4 expiries scanned, 24 clear the income floor), each sized to the minimum contracts that clear it. Sorted by survival (safest first): the primary 🎯 is the safest; rows below trade safety for income.
Fortress delta: 1.090 (IBKR) | Recovery@SS: +$32,343 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-16,185
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $325 | 7d | 11 Sep 2026 | $3.40 | 1/1 | $1,457 | $1,366 | 72% | 78% | +$145 | -$28,056 | 219.2% | $-27,350 (vs do-nothing $-11,165) |
| $327.50 | 14d | 18 Sep 2026 | $6.10 | 1/1 | $1,307 | $1,216 | 70% | 77% | +$190 | -$27,536 | 215.1% | $-26,830 (vs do-nothing $-10,645) |
| $322.50 | 7d | 11 Sep 2026 | $3.50 | 1/1 | $1,500 | $1,408 | 69% | 75% | $-88 | -$28,296 | 221.1% | $-27,590 (vs do-nothing $-11,405) |
| $325 | 14d | 18 Sep 2026 | $6.50 | 1/1 | $1,393 | $1,301 | 67% | 75% | +$105 | -$27,746 | 216.8% | $-27,040 (vs do-nothing $-10,855) |
| $320 | 7d | 11 Sep 2026 | $4.90 | 1/1 | $2,100 | $2,008 | 65% | 74% | +$192 | -$28,406 | 221.9% | $-27,700 (vs do-nothing $-11,515) |
| $325 | 21d | 25 Sep 2026 | $9.70 | 1/1 | $1,386 | $1,294 | 65% | 75% | +$189 | -$27,426 | 214.3% | $-26,720 (vs do-nothing $-10,535) |
| $322.50 | 14d | 18 Sep 2026 | $7.80 | 1/1 | $1,671 | $1,580 | 64% | 73% | +$214 | -$27,866 | 217.7% | $-27,160 (vs do-nothing $-10,975) |
| $320 | 14d | 18 Sep 2026 | $9.10 | 1/1 | $1,950 | $1,858 | 61% | 72% | +$305 | -$27,986 | 218.6% | $-27,280 (vs do-nothing $-11,095) |
| $317.50 | 7d | 11 Sep 2026 | $5.70 | 1/1 | $2,443 | $2,351 | 61% | 71% | +$164 | -$28,576 | 223.2% | $-27,870 (vs do-nothing $-11,685) |
| $320 | 21d | 25 Sep 2026 | $11.80 | 1/1 | $1,686 | $1,594 | 60% | 72% | +$235 | -$27,716 | 216.5% | $-27,010 (vs do-nothing $-10,825) |
| $320 | 28d | 2 Oct 2026 | $13.50 | 1/1 | $1,446 | $1,355 | 60% | 72% | +$147 | -$27,546 | 215.2% | $-26,840 (vs do-nothing $-10,655) |
| $317.50 | 14d | 18 Sep 2026 | $9.20 | 1/1 | $1,971 | $1,880 | 58% | 71% | +$120 | -$28,226 | 220.5% | $-27,520 (vs do-nothing $-11,335) |
| $315 | 7d | 11 Sep 2026 | $6.80 | 1/1 | $2,914 | $2,823 | 56% | 69% | +$213 | -$28,716 | 224.3% | $-28,010 (vs do-nothing $-11,825) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $315 | 14d | 18 Sep 2026 | $11.10 | 1/1 | $2,379 | $2,287 | 55% | 69% | +$301 | -$28,286 | 221.0% | $-27,580 (vs do-nothing $-11,395) |
| $315 | 28d | 2 Oct 2026 | $15.70 | 1/1 | $1,682 | $1,591 | 55% | 70% | +$139 | -$27,826 | 217.4% | $-27,120 (vs do-nothing $-10,935) |
| $315 | 21d | 25 Sep 2026 | $12.60 | 1/1 | $1,800 | $1,708 | 55% | 69% | +$53 | -$28,136 | 219.8% | $-27,430 (vs do-nothing $-11,245) |
| $312.50 | 14d | 18 Sep 2026 | $11.70 | 1/1 | $2,507 | $2,416 | 52% | 67% | +$184 | -$28,476 | 222.5% | $-27,770 (vs do-nothing $-11,585) |
| $312.50 | 7d | 11 Sep 2026 | $7.50 | 1/1 | $3,214 | $3,123 | 52% | 68% | +$34 | -$28,896 | 225.7% | $-28,190 (vs do-nothing $-12,005) |
| $310 | 28d | 2 Oct 2026 | $18.10 | 1/1 | $1,939 | $1,848 | 51% | 67% | +$143 | -$28,086 | 219.4% | $-27,380 (vs do-nothing $-11,195) |
| $310 | 21d | 25 Sep 2026 | $15.40 | 1/1 | $2,200 | $2,108 | 50% | 67% | +$114 | -$28,356 | 221.5% | $-27,650 (vs do-nothing $-11,465) |
| $310 | 14d | 18 Sep 2026 | $12.80 | 1/1 | $2,743 | $2,651 | 49% | 66% | +$154 | -$28,616 | 223.6% | $-27,910 (vs do-nothing $-11,725) |
| $310 | 7d | 11 Sep 2026 | $8.90 | 1/1 | $3,814 | $3,723 | 47% | 65% | +$97 | -$29,006 | 226.6% | $-28,300 (vs do-nothing $-12,115) |
| $307.50 | 14d | 18 Sep 2026 | $14.30 | 1/1 | $3,064 | $2,973 | 46% | 65% | +$189 | -$28,716 | 224.3% | $-28,010 (vs do-nothing $-11,825) |
| $307.50 | 7d | 11 Sep 2026 | $9.90 | 1/1 | $4,243 | $4,151 | 43% | 63% | $-69 | -$29,156 | 227.8% | $-28,450 (vs do-nothing $-12,265) |
Income/mo = FIGHT leg gross, DTE-prorated. Net/mo = FIGHT + conservative CC gross minus hedge cost. POP (mid) = probability stock closes at or below (strike + mid premium) at expiry, per-strike chain IV when available. Survival = CC expires fully worthless. EV/mo = premium minus expected buyback, monthly, with realized vol = IV x 85% (variance risk premium 15%). Survival, POP and touch use vol x 1.00 (raw implied: the VRP haircut is applied to the premium edge but NOT to risk, because understating the edge costs opportunity while understating breach odds costs capital; the risk-side haircut arms only from the graded ledger). Cap give-up @ SS = recovery mortgaged on a V-bounce to SS, net of premium. Total P&L @ SS = absolute position P&L if the stock closes at SS; "vs do-nothing" = opportunity cost against holding all 1 contracts at the conservative CC.