25 contracts (2,500 sh) | BE SS: $20.74 | CC-SS: $17.10 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $26,850 | (ND $3.74 + SW $7) x 2500 |
| Normal income ref | $4,929/mo | 95% ann ROI on ML |
| Hedge rolling cost | $455/mo | |
| Unrealized P&L | $-8,600 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 25 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 🏆 | 17 Jul 2026 · 7d | 20 × $14 | 77% | $2,486 | $495 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 22 × $16 | 17 Jul | 7d | 24.2% | 96% | 9% | $110 | $471 | -$2,014 | $2,312 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 22 × $16 24.2% OTM over spot $12.88 17 Jul 2026 (7d, $0.06 mid) = $110 credit for the 7d cycle → $471/mo projected Survival (stays ≤ $16) 96% Breach risk 4% POP (stays ≤ $16.06) 96% EV / mo +$332 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.4 mo [0.7-3.1] median, 0.1 mo SLOWER than no FIGHT (1.3 mo): roll costs eat the credits at this rung · 57% of paths whole by 9 mo (vs 54% without) · ~1.1 challenges expected · median CC cash $-391 🛡 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) -$1,656 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $18 @ 77% POP 70% survival Roll menuyour doors if the call gets challenged; each row = buy back the 22 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: $1.13/sh now → $0.80 mid-life (likely $0.57–$1.05) → ≈ $0 at expiry | you banked $0.05/sh, so a flat mid-life exit nets -$0.75/sh | roll rows are incremental, the banked premium stays yours 📊 Across 154 simulated challenges: the $16 strike is typically first touched on day 6 of 7, at $16 (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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 $1 below CC-SS $17.10: 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 < $0.01/sh (~25% of the $0.05 collected) or spot ≥ $16.06 (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 $18.88 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.82 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $17.10, where you are whole again, by expiry) Starting unrealized P&L: $-8,600 + Fortress recovery (un-capped): +$8,600 − CC assignment net of premium (22 × $16): -$2,312 + Conservative CC premium (3 × $20): +$12 Total Position P&L @ SS: $-2,300 (+$6,300 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-2,400, the opportunity cost of earning $471/mo FIGHT income now) BB-reversion stress (→ $18.77 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$5,984, position total $-2,567 (+$6,033 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 25 × $15.50 | 17 Jul | 7d | 20.3% | 93% | 13% | $200 | $857 | -$1,629 | $3,802 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 25 × $15.50 20.3% OTM over spot $12.88 17 Jul 2026 (7d, $0.09 mid) = $200 credit for the 7d cycle → $857/mo projected Survival (stays ≤ $15.50) 93% Breach risk 7% POP (stays ≤ $15.59) 94% EV / mo +$561 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.7 mo [0.8-3.9] median, 0.2 mo faster than no FIGHT (1.9 mo) · 61% of paths whole by 9 mo (vs 57% without) · ~1.9 challenges expected · median CC cash $307 🛡 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) 9% Flat exit net (mid-life) -$1,707 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $17 @ 77% POP 71% survival Roll menuyour doors if the call gets challenged; each row = buy back the 25 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: $1.08/sh now → $0.76 mid-life (likely $0.61–$1.10) → ≈ $0 at expiry | you banked $0.08/sh, so a flat mid-life exit nets -$0.68/sh | roll rows are incremental, the banked premium stays yours 📊 Across 274 simulated challenges: the $16 strike is typically first touched on day 5 of 7, at $16 (overshoots $0.48). 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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ⚠ $15.50 is $2 below CC-SS $17.10: 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 < $0.02/sh (~25% of the $0.08 collected) or spot ≥ $15.59 (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 $18.88 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.82 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $17.10, where you are whole again, by expiry) Starting unrealized P&L: $-8,600 + Fortress recovery (un-capped): +$8,600 − CC assignment net of premium (25 × $15.50): -$3,802 Total Position P&L @ SS: $-3,802 (+$4,798 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-3,902, the opportunity cost of earning $857/mo FIGHT income now) BB-reversion stress (→ $18.77 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$7,975, position total $-4,570 (+$4,030 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 20 × $14.50 | 17 Jul | 7d | 12.5% | 84% | 32% | $380 | $1,629 | -$857 | $4,821 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 20 × $14.50 12.5% OTM over spot $12.88 17 Jul 2026 (7d, $0.21 mid) = $380 credit for the 7d cycle → $1,629/mo projected Survival (stays ≤ $14.50) 84% Breach risk 16% POP (stays ≤ $14.71) 87% EV / mo +$793 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.8 mo [0.8-3.4] median, 0.1 mo faster than no FIGHT (1.8 mo) · 64% of paths whole by 9 mo (vs 56% without) · ~4.9 challenges expected · median CC cash $1,262 🛡 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) 24% Flat exit net (mid-life) -$993 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $17 @ 81% POP 76% survival Roll menuyour doors if the call gets challenged; each row = buy back the 20 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: $0.97/sh now → $0.69 mid-life (likely $0.67–$1.08) → ≈ $0 at expiry | you banked $0.19/sh, so a flat mid-life exit nets -$0.50/sh | roll rows are incremental, the banked premium stays yours 📊 Across 727 simulated challenges: the $14 strike is typically first touched on day 4 of 7, at $15 (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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ⚠ $14.50 is $3 below CC-SS $17.10: 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 < $0.05/sh (~25% of the $0.19 collected) or spot ≥ $14.71 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $14)); NOT the premium you collected. Momentum override: two daily closes above $18.88 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.82 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $17.10, where you are whole again, by expiry) Starting unrealized P&L: $-8,600 + Fortress recovery (un-capped): +$8,600 − CC assignment net of premium (20 × $14.50): -$4,821 + Conservative CC premium (5 × $20): +$20 Total Position P&L @ SS: $-4,801 (+$3,799 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-4,901, the opportunity cost of earning $1,629/mo FIGHT income now) BB-reversion stress (→ $18.77 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$8,160, position total $-4,735 (+$3,865 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 20 × $14 | 17 Jul | 7d | 8.7% | 77% | 36% | $580 | $2,486 | — | $5,621 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 20 × $14 8.7% OTM over spot $12.88 17 Jul 2026 (7d, $0.32 mid) = $580 credit for the 7d cycle → $2,486/mo projected Survival (stays ≤ $14) 77% Breach risk 23% POP (stays ≤ $14.32) 82% EV / mo +$975 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.8 mo [0.8-3.5] median, 0.1 mo SLOWER than no FIGHT (1.7 mo): roll costs eat the credits at this rung · 61% of paths whole by 9 mo (vs 50% without) · ~8.4 challenges expected · median CC cash $2,504 🛡 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) 36% Flat exit net (mid-life) -$719 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $17 @ 84% POP 81% survival Roll menuyour doors if the call gets challenged; each row = buy back the 20 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: $0.92/sh now → $0.65 mid-life (likely $0.71–$1.06) → ≈ $0 at expiry | you banked $0.29/sh, so a flat mid-life exit nets -$0.36/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,073 simulated challenges: the $14 strike is typically first touched on day 4 of 7, at $14 (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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ⚠ $14 is $3 below CC-SS $17.10: 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 < $0.07/sh (~25% of the $0.29 collected) or spot ≥ $14.32 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $14)); NOT the premium you collected. Momentum override: two daily closes above $18.88 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.82 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $17.10, where you are whole again, by expiry) Starting unrealized P&L: $-8,600 + Fortress recovery (un-capped): +$8,600 − CC assignment net of premium (20 × $14): -$5,621 + Conservative CC premium (5 × $20): +$20 Total Position P&L @ SS: $-5,601 (+$2,999 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-5,701, the opportunity cost of earning $2,486/mo FIGHT income now) BB-reversion stress (→ $18.77 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$8,960, position total $-5,535 (+$3,065 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 18 × $13 | 17 Jul | 7d | 0.9% | 55% | 94% | $1,188 | $5,091 | +$2,606 | $6,193 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 18 × $13 0.9% OTM over spot $12.88 17 Jul 2026 (7d, $0.70 mid) = $1,188 credit for the 7d cycle → $5,091/mo projected Survival (stays ≤ $13) 55% Breach risk 45% POP (stays ≤ $13.70) 71% EV / mo +$1,278 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.4 mo [0.6-3.4] median, 0.1 mo faster than no FIGHT (1.4 mo) · 69% of paths whole by 9 mo (vs 57% without) · ~22.1 challenges expected · median CC cash $2,952 🛡 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) 73% Flat exit net (mid-life) +$147 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $17 @ 90% POP 89% survival Roll menuyour doors if the call gets challenged; each row = buy back the 18 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: $0.82/sh now → $0.58 mid-life (likely $0.80–$1.22) → ≈ $0 at expiry | you banked $0.66/sh, so a flat mid-life exit nets +$0.08/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,194 simulated challenges: the $13 strike is typically first touched on day 2 of 7, at $13 (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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ⚠ $13 is $4 below CC-SS $17.10: 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 $0.66 collected) or spot ≥ $13.70 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $13)); NOT the premium you collected. Momentum override: two daily closes above $18.88 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.82 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $17.10, where you are whole again, by expiry) Starting unrealized P&L: $-8,600 + Fortress recovery (un-capped): +$8,600 − CC assignment net of premium (18 × $13): -$6,193 + Conservative CC premium (7 × $20): +$28 Total Position P&L @ SS: $-6,165 (+$2,435 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-6,265, the opportunity cost of earning $5,091/mo FIGHT income now) BB-reversion stress (→ $18.77 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$9,198, position total $-5,765 (+$2,835 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 9 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: 0.816 (IBKR) | Recovery@SS: +$8,600 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $100
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $14 | 7d | 17 Jul 2026 | $0.29 | 20/25 | $2,486 | $2,059 | 77% | 82% | +$975 | -$5,621 | 60.1% | $-5,601 (vs do-nothing $-5,701) |
| $14 | 14d | 24 Jul 2026 | $0.53 | 22/25 | $2,499 | $2,060 | 71% | 78% | +$802 | -$5,656 | 60.5% | $-5,644 (vs do-nothing $-5,744) |
| $14 | 21d | 31 Jul 2026 | $0.75 | 23/25 | $2,464 | $2,020 | 69% | 77% | +$650 | -$5,407 | 57.8% | $-5,399 (vs do-nothing $-5,499) |
| $13.50 | 7d | 17 Jul 2026 | $0.45 | 13/25 | $2,507 | $2,120 | 67% | 76% | +$814 | -$4,096 | 43.8% | $-4,048 (vs do-nothing $-4,148) |
| $13.50 | 14d | 24 Jul 2026 | $0.70 | 17/25 | $2,550 | $2,140 | 64% | 74% | +$681 | -$4,931 | 52.7% | $-4,899 (vs do-nothing $-4,999) |
| $13.50 | 21d | 31 Jul 2026 | $0.92 | 19/25 | $2,497 | $2,076 | 63% | 73% | +$562 | -$5,093 | 54.5% | $-5,069 (vs do-nothing $-5,169) |
| $13 | 21d | 31 Jul 2026 | $1.13 | 16/25 | $2,583 | $2,179 | 56% | 71% | +$498 | -$4,753 | 50.8% | $-4,717 (vs do-nothing $-4,817) |
| $13 | 14d | 24 Jul 2026 | $0.92 | 13/25 | $2,563 | $2,176 | 56% | 71% | +$571 | -$4,135 | 44.2% | $-4,087 (vs do-nothing $-4,187) |
| $13 | 7d | 17 Jul 2026 | $0.66 | 9/25 | $2,546 | $2,182 | 55% | 71% | +$639 | -$3,097 | 33.1% | $-3,033 (vs do-nothing $-3,133) |
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 25 contracts at the conservative CC.