50 contracts (5,000 sh) | BE SS: $17.13 | CC-SS: $19.65 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $71,250 | (ND $6.25 + SW $8) x 5000 |
| Normal income ref | $9,500/mo | 95% ann ROI on ML |
| Hedge rolling cost | $417/mo | |
| Unrealized P&L | $-21,750 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 50 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 🏆 | 24 Jul 2026 · 8d | 37 × $17 | 75% | $4,856 | $1,282 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 23 × $20 | 24 Jul | 8d | 26.5% | 96% | 7% | $115 | $431 | -$4,425 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 23 × $20 26.5% OTM over spot $15.81 24 Jul 2026 (8d, $0.06 mid) = $115 credit for the 8d cycle → $431/mo projected Survival (stays ≤ $20) 96% Breach risk 4% POP (stays ≤ $20.05) 97% EV / mo +$299 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.7 mo [0.8-4.0] median, 0.1 mo SLOWER than no FIGHT (1.6 mo): roll costs eat the credits at this rung · 71% of paths whole by 9 mo (vs 79% without) · ~0.7 challenges expected · median CC cash $10,661 🛡 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) 3% Flat exit net (mid-life) -$1,603 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $20 @ 69% POP 56% survival Roll menuyour doors if the call gets challenged; each row = buy back the 23 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $1.06/sh now → $0.75 mid-life (likely $0.50–$1.01) → ≈ $0 at expiry | you banked $0.05/sh, so a flat mid-life exit nets -$0.70/sh | roll rows are incremental, the banked premium stays yours 📊 Across 91 simulated challenges: the $20 strike is typically first touched on day 6 of 8, at $20 (overshoots $0.49). 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 ✓ $20 is at/above CC-SS $19.65: assignment is break-even or better.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.01/sh (~25% of the $0.05 collected) or spot ≥ $20.05 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $20)); NOT the premium you collected. Momentum override: two daily closes above $16.67 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $19.65, where you are whole again, by expiry) Starting unrealized P&L: $-21,750 + Fortress recovery (un-capped): +$17,261 − CC assignment net of premium (23 × $20): -$0 − Conservative CC assignment net of premium (27 × $17): -$5,524 Total Position P&L @ SS: $-10,012 (+$11,738 vs today) Do-nothing baseline at SS: $-14,718 (this trade vs do-nothing: +$4,705, the opportunity cost of earning $431/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 50 × $18.50 | 24 Jul | 8d | 17.0% | 90% | 20% | $600 | $2,250 | -$2,606 | $5,129 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 50 × $18.50 17.0% OTM over spot $15.81 24 Jul 2026 (8d, $0.14 mid) = $600 credit for the 8d cycle → $2,250/mo projected Survival (stays ≤ $18.50) 90% Breach risk 10% POP (stays ≤ $18.64) 91% EV / mo +$1,093 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.6 mo [0.7-3.2] median, 0.1 mo faster than no FIGHT (1.7 mo) · 66% of paths whole by 9 mo (vs 85% without) · ~2.6 challenges expected · median CC cash $3,618 🛡 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) 12% Flat exit net (mid-life) -$2,856 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $19 @ 73% POP 64% survival Roll menuyour doors if the call gets challenged; each row = buy back the 50 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $0.98/sh now → $0.69 mid-life (likely $0.56–$1.00) → ≈ $0 at expiry | you banked $0.12/sh, so a flat mid-life exit nets -$0.57/sh | roll rows are incremental, the banked premium stays yours 📊 Across 363 simulated challenges: the $18 strike is typically first touched on day 6 of 8, at $19 (overshoots $0.45). 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 ⚠ $18.50 is $1 below CC-SS $19.65: 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 < $0.03/sh (~25% of the $0.12 collected) or spot ≥ $18.64 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $18)); NOT the premium you collected. Momentum override: two daily closes above $16.67 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $19.65, where you are whole again, by expiry) Starting unrealized P&L: $-21,750 + Fortress recovery (un-capped): +$17,261 − CC assignment net of premium (50 × $18.50): -$5,129 Total Position P&L @ SS: $-9,618 (+$12,132 vs today) Do-nothing baseline at SS: $-14,718 (this trade vs do-nothing: +$5,100, the opportunity cost of earning $2,250/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 47 × $18 | 24 Jul | 8d | 13.9% | 87% | 26% | $846 | $3,172 | -$1,684 | $6,890 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 47 × $18 13.9% OTM over spot $15.81 24 Jul 2026 (8d, $0.20 mid) = $846 credit for the 8d cycle → $3,172/mo projected Survival (stays ≤ $18) 87% Breach risk 13% POP (stays ≤ $18.20) 89% EV / mo +$1,740 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.3 mo [0.7-2.8] median, 0.1 mo faster than no FIGHT (1.4 mo) · 65% of paths whole by 9 mo (vs 81% without) · ~3.2 challenges expected · median CC cash $7,023 🛡 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) 19% Flat exit net (mid-life) -$2,314 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $19 @ 77% POP 71% survival Roll menuyour doors if the call gets challenged; each row = buy back the 47 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $0.95/sh now → $0.67 mid-life (likely $0.62–$0.99) → ≈ $0 at expiry | you banked $0.18/sh, so a flat mid-life exit nets -$0.49/sh | roll rows are incremental, the banked premium stays yours 📊 Across 582 simulated challenges: the $18 strike is typically first touched on day 5 of 8, at $18 (overshoots $0.43). 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 ⚠ $18 is $2 below CC-SS $19.65: 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 < $0.04/sh (~25% of the $0.18 collected) or spot ≥ $18.20 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $18)); NOT the premium you collected. Momentum override: two daily closes above $16.67 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $19.65, where you are whole again, by expiry) Starting unrealized P&L: $-21,750 + Fortress recovery (un-capped): +$17,261 − CC assignment net of premium (47 × $18): -$6,890 − Conservative CC assignment net of premium (3 × $17): -$614 Total Position P&L @ SS: $-11,992 (+$9,758 vs today) Do-nothing baseline at SS: $-14,718 (this trade vs do-nothing: +$2,726, the opportunity cost of earning $3,172/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 37 × $17 | 24 Jul | 8d | 7.5% | 75% | 41% | $1,295 | $4,856 | — | $8,495 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 37 × $17 7.5% OTM over spot $15.81 24 Jul 2026 (8d, $0.38 mid) = $1,295 credit for the 8d cycle → $4,856/mo projected Survival (stays ≤ $17) 75% Breach risk 25% POP (stays ≤ $17.38) 80% EV / mo +$1,650 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.7 mo [0.8-3.7] median, 0.2 mo faster than no FIGHT (1.9 mo) · 71% of paths whole by 9 mo (vs 85% without) · ~7.3 challenges expected · median CC cash $11,777 🛡 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) 41% Flat exit net (mid-life) -$1,055 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $19 @ 81% POP 78% survival Roll menuyour doors if the call gets challenged; each row = buy back the 37 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $0.90/sh now → $0.64 mid-life (likely $0.70–$1.05) → ≈ $0 at expiry | you banked $0.35/sh, so a flat mid-life exit nets -$0.29/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,217 simulated challenges: the $17 strike is typically first touched on day 4 of 8, at $17 (overshoots $0.42). 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 ⚠ $17 is $3 below CC-SS $19.65: 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 < $0.09/sh (~25% of the $0.35 collected) or spot ≥ $17.38 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $17)); NOT the premium you collected. Momentum override: two daily closes above $16.67 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $19.65, where you are whole again, by expiry) Starting unrealized P&L: $-21,750 + Fortress recovery (un-capped): +$17,261 − CC assignment net of premium (37 × $17): -$8,495 − Conservative CC assignment net of premium (13 × $17): -$2,660 Total Position P&L @ SS: $-15,643 (+$6,107 vs today) Do-nothing baseline at SS: $-14,718 (this trade vs do-nothing: $-925, the opportunity cost of earning $4,856/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 38 × $16 | 24 Jul | 8d | 1.2% | 56% | 92% | $2,584 | $9,690 | +$4,834 | $11,270 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 38 × $16 1.2% OTM over spot $15.81 24 Jul 2026 (8d, $0.71 mid) = $2,584 credit for the 8d cycle → $9,690/mo projected Survival (stays ≤ $16) 56% Breach risk 44% POP (stays ≤ $16.71) 70% EV / mo +$1,697 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.6 mo [0.8-3.4] median, 0.4 mo faster than no FIGHT (2.0 mo) · 74% of paths whole by 9 mo (vs 86% without) · ~18.9 challenges expected · median CC cash $12,230 🛡 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) 74% Flat exit net (mid-life) +$313 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $19 @ 91% POP 90% survival Roll menuyour doors if the call gets challenged; each row = buy back the 38 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $0.85/sh now → $0.60 mid-life (likely $0.82–$1.17) → ≈ $0 at expiry | you banked $0.68/sh, so a flat mid-life exit nets +$0.08/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,206 simulated challenges: the $16 strike is typically first touched on day 2 of 8, at $16 (overshoots $0.46). 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 ⚠ $16 is $4 below CC-SS $19.65: 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 < $0.17/sh (~25% of the $0.68 collected) or spot ≥ $16.71 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $16)); NOT the premium you collected. Momentum override: two daily closes above $16.67 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $19.65, where you are whole again, by expiry) Starting unrealized P&L: $-21,750 + Fortress recovery (un-capped): +$17,261 − CC assignment net of premium (38 × $16): -$11,270 − Conservative CC assignment net of premium (12 × $17): -$2,455 Total Position P&L @ SS: $-18,214 (+$3,536 vs today) Do-nothing baseline at SS: $-14,718 (this trade vs do-nothing: $-3,496, the opportunity cost of earning $9,690/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (2 expiries scanned, 8 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: 0.900 (fallback) | Recovery@SS: +$17,261 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-14,718
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $17 | 8d | 24 Jul 2026 | $0.35 | 37/50 | $4,856 | $6,000 | 75% | 80% | +$1,650 | -$8,495 | 27.2% | $-15,643 (vs do-nothing $-925) |
| $17 | 15d | 31 Jul 2026 | $0.60 | 40/50 | $4,800 | $5,583 | 70% | 77% | +$1,274 | -$8,183 | 26.2% | $-14,718 (vs do-nothing +$0) |
| $16.50 | 8d | 24 Jul 2026 | $0.50 | 26/50 | $4,875 | $7,338 | 66% | 75% | +$1,314 | -$6,879 | 22.0% | $-16,278 (vs do-nothing $-1,560) |
| $16.50 | 15d | 31 Jul 2026 | $0.76 | 32/50 | $4,864 | $6,607 | 63% | 74% | +$1,082 | -$7,635 | 24.4% | $-15,806 (vs do-nothing $-1,088) |
| $16 | 8d | 24 Jul 2026 | $0.68 | 19/50 | $4,845 | $8,148 | 56% | 70% | +$849 | -$5,635 | 18.0% | $-16,466 (vs do-nothing $-1,748) |
| $16 | 15d | 31 Jul 2026 | $0.95 | 25/50 | $4,750 | $7,333 | 56% | 70% | +$834 | -$6,740 | 21.6% | $-16,343 (vs do-nothing $-1,625) |
| $15.50 | 15d | 31 Jul 2026 | $1.19 | 20/50 | $4,760 | $7,943 | 48% | 67% | +$669 | -$5,912 | 18.9% | $-16,538 (vs do-nothing $-1,820) |
| $15.50 | 8d | 24 Jul 2026 | $0.92 | 14/50 | $4,830 | $8,733 | 46% | 65% | +$590 | -$4,516 | 14.5% | $-16,370 (vs do-nothing $-1,652) |
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%). 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 50 contracts at the conservative CC.