150 contracts (15,000 sh) | BE SS: $30.29 | CC-SS: $20.48 | IV: HIGH | Accounts: Joint:1782
| Max Loss | $157,060 | (ND $-29.53 + SW $40) x 15000 |
| Normal income ref | $28,446/mo | 95% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $13,179/mo (info only, already in marks) |
| Unrealized P&L | $-67,200 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 150 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 · 7d | 145 × $17 | 80% | $14,293 | $4,747 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | FIGHT edge | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | 🛡 safe yield | 150 × $18 | 24 Jul | 7d | 15.6% | 90% | 20% | +4pp | $1,650 | $7,071 | -$7,221 | $35,516 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 150 × $18 15.6% OTM over spot $15.57 24 Jul 2026 (7d, $0.11 mid) = $1,650 credit for the 7d cycle → $7,071/mo projected Survival (stays ≤ $18) 90% Breach risk 10% POP (stays ≤ $18.11) 91% EV / mo +$3,685 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +4pp 74% whole by 9mo vs 70% doing nothing FIRE DRILLS ~0.7/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $5,031/mo median; plan ~$3,421/mo after 68% keep · $10,332 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.0 mo [0.4-2.6], measured ONLY among the 74% 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) 12% Flat exit net (mid-life) -$7,169 Free roll-up +$0/wk Safest escape (by 14 Aug 2026) $20 @ 82% POP 78% survival Roll menuyour doors if the call gets challenged; each row = buy back the 150 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: $0.83/sh now → $0.59 mid-life (likely $0.50–$0.86) → ≈ $0 at expiry | you banked $0.11/sh, so a flat mid-life exit nets -$0.48/sh | roll rows are incremental, the banked premium stays yours 📊 Across 349 simulated challenges: the $18 strike is typically first touched on day 5 of 7, at $18 (overshoots $0.40). 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 $20.48: 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 $0.11 collected) or spot ≥ $18.11 (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 $16.60 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.49 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $20.48, where you are whole again, by expiry) Starting unrealized P&L: $-67,200 + Fortress recovery (un-capped): +$109,503 − CC assignment net of premium (150 × $18): -$35,516 Total Position P&L @ SS: $6,787 (+$73,987 vs today) Do-nothing baseline at SS: $42,453 (this trade vs do-nothing: $-35,666, the opportunity cost of earning $7,071/mo FIGHT income now) BB-reversion stress (→ $18.66 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$8,250, position total $-6,547 (+$60,653 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 137 × $17.50 | 24 Jul | 7d | 12.4% | 86% | 28% | +3pp | $2,192 | $9,394 | -$4,899 | $38,603 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 137 × $17.50 12.4% OTM over spot $15.57 24 Jul 2026 (7d, $0.17 mid) = $2,192 credit for the 7d cycle → $9,394/mo projected Survival (stays ≤ $17.50) 86% Breach risk 14% POP (stays ≤ $17.67) 88% EV / mo +$4,399 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +3pp 73% whole by 9mo vs 70% doing nothing FIRE DRILLS ~1.1/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $6,400/mo median; plan ~$4,352/mo after 68% keep · $12,188 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~0.9 mo [0.4-2.4], measured ONLY among the 73% 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) 17% Flat exit net (mid-life) -$5,639 Free roll-up +$0/wk Safest escape (by 14 Aug 2026) $20 @ 84% POP 81% survival Roll menuyour doors if the call gets challenged; each row = buy back the 137 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: $0.81/sh now → $0.57 mid-life (likely $0.50–$0.87) → ≈ $0 at expiry | you banked $0.16/sh, so a flat mid-life exit nets -$0.41/sh | roll rows are incremental, the banked premium stays yours 📊 Across 511 simulated challenges: the $18 strike is typically first touched on day 5 of 7, at $18 (overshoots $0.38). 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 ⚠ $17.50 is $3 below CC-SS $20.48: 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 $0.16 collected) or spot ≥ $17.67 (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 $16.60 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.49 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $20.48, where you are whole again, by expiry) Starting unrealized P&L: $-67,200 + Fortress recovery (un-capped): +$109,503 − CC assignment net of premium (137 × $17.50): -$38,603 + Conservative CC premium (13 × $25): +$13 Total Position P&L @ SS: $3,713 (+$70,913 vs today) Do-nothing baseline at SS: $42,453 (this trade vs do-nothing: $-38,740, the opportunity cost of earning $9,394/mo FIGHT income now) BB-reversion stress (→ $18.66 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$13,700, position total $-11,984 (+$55,216 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 145 × $17 | 24 Jul | 7d | 9.1% | 80% | 28% | +5pp | $3,335 | $14,293 | — | $47,092 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 145 × $17 9.1% OTM over spot $15.57 24 Jul 2026 (7d, $0.25 mid) = $3,335 credit for the 7d cycle → $14,293/mo projected Survival (stays ≤ $17) 80% Breach risk 20% POP (stays ≤ $17.25) 84% EV / mo +$5,576 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +5pp 76% whole by 9mo vs 71% doing nothing FIRE DRILLS ~1.6/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $8,348/mo median; plan ~$5,677/mo after 68% keep · $16,816 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.1 mo [0.4-2.4], measured ONLY among the 76% 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) 28% Flat exit net (mid-life) -$4,716 Free roll-up +$0/wk Safest escape (by 14 Aug 2026) $20 @ 86% POP 84% survival Roll menuyour doors if the call gets challenged; each row = buy back the 145 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: $0.79/sh now → $0.56 mid-life (likely $0.58–$0.91) → ≈ $0 at expiry | you banked $0.23/sh, so a flat mid-life exit nets -$0.33/sh | roll rows are incremental, the banked premium stays yours 📊 Across 830 simulated challenges: the $17 strike is typically first touched on day 4 of 7, at $17 (overshoots $0.38). 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 $20.48: 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 $0.23 collected) or spot ≥ $17.25 (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 $16.60 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.49 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $20.48, where you are whole again, by expiry) Starting unrealized P&L: $-67,200 + Fortress recovery (un-capped): +$109,503 − CC assignment net of premium (145 × $17): -$47,092 + Conservative CC premium (5 × $25): +$5 Total Position P&L @ SS: $-4,784 (+$62,416 vs today) Do-nothing baseline at SS: $42,453 (this trade vs do-nothing: $-47,237, the opportunity cost of earning $14,293/mo FIGHT income now) BB-reversion stress (→ $18.66 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$20,735, position total $-19,027 (+$48,173 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 136 × $16 | 24 Jul | 7d | 2.7% | 62% | 79% | +8pp | $6,664 | $28,560 | +$14,267 | $54,233 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 136 × $16 2.7% OTM over spot $15.57 24 Jul 2026 (7d, $0.52 mid) = $6,664 credit for the 7d cycle → $28,560/mo projected Survival (stays ≤ $16) 62% Breach risk 38% POP (stays ≤ $16.52) 73% EV / mo +$6,698 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +8pp 81% whole by 9mo vs 73% doing nothing FIRE DRILLS ~3.9/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $12,016/mo median; plan ~$8,171/mo after 68% keep · $19,307 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.0 mo [0.4-2.4], measured ONLY among the 81% 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) 61% Flat exit net (mid-life) -$443 Free roll-up +$0/wk Safest escape (by 14 Aug 2026) $20 @ 90% POP 89% survival Roll menuyour doors if the call gets challenged; each row = buy back the 136 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: $0.74/sh now → $0.52 mid-life (likely $0.68–$0.97) → ≈ $0 at expiry | you banked $0.49/sh, so a flat mid-life exit nets -$0.03/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,840 simulated challenges: the $16 strike is typically first touched on day 3 of 7, at $16 (overshoots $0.38). 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 $20.48: 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 < $0.12/sh (~25% of the $0.49 collected) or spot ≥ $16.52 (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 $16.60 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.49 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $20.48, where you are whole again, by expiry) Starting unrealized P&L: $-67,200 + Fortress recovery (un-capped): +$109,503 − CC assignment net of premium (136 × $16): -$54,233 + Conservative CC premium (14 × $25): +$14 Total Position P&L @ SS: $-11,916 (+$55,284 vs today) Do-nothing baseline at SS: $42,453 (this trade vs do-nothing: $-54,369, the opportunity cost of earning $28,560/mo FIGHT income now) BB-reversion stress (→ $18.66 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$29,512, position total $-27,795 (+$39,405 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (4 expiries scanned, 14 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: 1.489 (IBKR) | Recovery@SS: +$109,503 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $42,453
| 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 | 7d | 24 Jul 2026 | $0.23 | 145/150 | $14,293 | $14,304 | 80% | 84% | +$5,576 | -$47,092 | 0.0% | $-4,784 (vs do-nothing $-47,237) |
| $16.50 | 7d | 24 Jul 2026 | $0.34 | 98/150 | $14,280 | $14,391 | 72% | 78% | +$4,555 | -$35,650 | 0.0% | $6,705 (vs do-nothing $-35,748) |
| $17 | 21d | 7 Aug 2026 | $0.67 | 149/150 | $14,261 | $14,264 | 71% | 78% | +$4,449 | -$41,835 | 0.0% | $468 (vs do-nothing $-41,984) |
| $16.50 | 14d | 31 Jul 2026 | $0.58 | 115/150 | $14,293 | $14,368 | 68% | 76% | +$3,369 | -$39,074 | 0.0% | $3,264 (vs do-nothing $-39,189) |
| $16.50 | 21d | 7 Aug 2026 | $0.79 | 127/150 | $14,333 | $14,382 | 66% | 75% | +$3,299 | -$40,484 | 0.0% | $1,841 (vs do-nothing $-40,611) |
| $16.50 | 28d | 14 Aug 2026 | $0.96 | 139/150 | $14,297 | $14,321 | 65% | 74% | +$2,929 | -$41,947 | 0.0% | $367 (vs do-nothing $-42,086) |
| $16 | 7d | 24 Jul 2026 | $0.49 | 68/150 | $14,280 | $14,456 | 62% | 73% | +$3,349 | -$27,117 | 0.0% | $15,268 (vs do-nothing $-27,185) |
| $16 | 14d | 31 Jul 2026 | $0.74 | 90/150 | $14,271 | $14,400 | 60% | 72% | +$2,535 | -$33,640 | 0.0% | $8,723 (vs do-nothing $-33,730) |
| $16 | 21d | 7 Aug 2026 | $0.97 | 103/150 | $14,273 | $14,374 | 59% | 71% | +$2,451 | -$36,130 | 0.0% | $6,220 (vs do-nothing $-36,233) |
| $16 | 28d | 14 Aug 2026 | $1.14 | 117/150 | $14,291 | $14,361 | 59% | 72% | +$2,421 | -$39,052 | 0.0% | $3,284 (vs do-nothing $-39,169) |
| $15.50 | 28d | 14 Aug 2026 | $1.40 | 95/150 | $14,250 | $14,368 | 53% | 69% | +$2,383 | -$33,989 | 0.0% | $8,369 (vs do-nothing $-34,084) |
| $15.50 | 21d | 7 Aug 2026 | $1.17 | 86/150 | $14,374 | $14,511 | 53% | 68% | +$1,800 | -$32,747 | 0.0% | $9,620 (vs do-nothing $-32,833) |
| $15.50 | 14d | 31 Jul 2026 | $0.96 | 70/150 | $14,400 | $14,571 | 52% | 68% | +$2,046 | -$28,124 | 0.0% | $14,259 (vs do-nothing $-28,194) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $15.50 | 7d | 24 Jul 2026 | $0.70 | 48/150 | $14,400 | $14,619 | 50% | 67% | +$2,330 | -$20,533 | 0.0% | $21,872 (vs do-nothing $-20,581) |
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 150 contracts at the conservative CC.