25 contracts (2,500 sh) | BE SS: $20.74 | CC-SS: $17.18 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $26,850 | (ND $3.74 + SW $7) x 2500 |
| Normal income ref | $4,875/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 | 75% | $2,486 | $451 |
| 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 | 23.4% | 96% | 9% | $110 | $471 | -$2,014 | $2,476 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 22 × $16 23.4% OTM over spot $12.97 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 +$328 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.5 mo [0.7-3.3] median, 0.1 mo SLOWER than no FIGHT (1.4 mo): roll costs eat the credits at this rung · 57% of paths whole by 9 mo (vs 54% without) · ~1.3 challenges expected · median CC cash $-407 🛡 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) 6% Flat exit net (mid-life) -$1,527 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $18 @ 79% POP 73% 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: $1.05/sh now → $0.74 mid-life (likely $0.54–$0.99) → ≈ $0 at expiry | you banked $0.05/sh, so a flat mid-life exit nets -$0.69/sh | roll rows are incremental, the banked premium stays yours 📊 Across 180 simulated challenges: the $16 strike is typically first touched on day 5 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 $17.18: 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 $17.18, 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): -$2,476 + Conservative CC premium (3 × $20): +$12 Total Position P&L @ SS: $-2,464 (+$6,136 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-2,564, 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 $-2,711 (+$5,889 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 25 × $15.50 | 17 Jul | 7d | 19.5% | 93% | 15% | $200 | $857 | -$1,629 | $3,988 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 25 × $15.50 19.5% OTM over spot $12.97 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) 93% EV / mo +$521 📈 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 faster than no FIGHT (1.9 mo) · 63% of paths whole by 9 mo (vs 57% without) · ~2.2 challenges expected · median CC cash $231 🛡 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) 10% Flat exit net (mid-life) -$1,568 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $18 @ 79% POP 74% 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: $1.00/sh now → $0.71 mid-life (likely $0.58–$1.01) → ≈ $0 at expiry | you banked $0.08/sh, so a flat mid-life exit nets -$0.63/sh | roll rows are incremental, the banked premium stays yours 📊 Across 297 simulated challenges: the $16 strike is typically first touched on day 5 of 7, at $16 (overshoots $0.47). 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 $17.18: 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 $17.18, 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): -$3,988 Total Position P&L @ SS: $-3,988 (+$4,612 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-4,088, 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 $-4,714 (+$3,886 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 20 × $14.50 | 17 Jul | 7d | 11.8% | 83% | 36% | $380 | $1,629 | -$857 | $4,971 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 20 × $14.50 11.8% OTM over spot $12.97 17 Jul 2026 (7d, $0.21 mid) = $380 credit for the 7d cycle → $1,629/mo projected Survival (stays ≤ $14.50) 83% Breach risk 17% POP (stays ≤ $14.71) 85% EV / mo +$639 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.6 mo [0.8-3.1] median, 0.1 mo faster than no FIGHT (1.7 mo) · 63% of paths whole by 9 mo (vs 56% without) · ~5.5 challenges expected · median CC cash $1,165 🛡 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) 27% Flat exit net (mid-life) -$893 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $17 @ 83% POP 80% 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: $0.90/sh now → $0.64 mid-life (likely $0.63–$1.00) → ≈ $0 at expiry | you banked $0.19/sh, so a flat mid-life exit nets -$0.45/sh | roll rows are incremental, the banked premium stays yours 📊 Across 799 simulated challenges: the $14 strike is typically first touched on day 4 of 7, at $15 (overshoots $0.41). 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 $17.18: 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 $17.18, 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): -$4,971 + Conservative CC premium (5 × $20): +$20 Total Position P&L @ SS: $-4,951 (+$3,649 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-5,051, 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 $-4,879 (+$3,721 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 20 × $14 | 17 Jul | 7d | 7.9% | 75% | 39% | $580 | $2,486 | — | $5,771 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 20 × $14 7.9% OTM over spot $12.97 17 Jul 2026 (7d, $0.32 mid) = $580 credit for the 7d cycle → $2,486/mo projected Survival (stays ≤ $14) 75% Breach risk 25% POP (stays ≤ $14.32) 80% EV / mo +$732 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.6 mo [0.7-3.3] median · 63% of paths whole by 9 mo (vs 51% without) · ~8.8 challenges expected · median CC cash $2,013 🛡 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) 39% Flat exit net (mid-life) -$625 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $17 @ 86% POP 84% 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: $0.85/sh now → $0.60 mid-life (likely $0.68–$1.00) → ≈ $0 at expiry | you banked $0.29/sh, so a flat mid-life exit nets -$0.31/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,182 simulated challenges: the $14 strike is typically first touched on day 4 of 7, at $14 (overshoots $0.39). 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 $17.18: 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 $17.18, 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): -$5,771 + Conservative CC premium (5 × $20): +$20 Total Position P&L @ SS: $-5,751 (+$2,849 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-5,851, 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 $-5,679 (+$2,921 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 25 × $13.50 | 17 Jul | 7d | 4.1% | 65% | 74% | $1,150 | $4,929 | +$2,443 | $8,038 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 25 × $13.50 4.1% OTM over spot $12.97 17 Jul 2026 (7d, $0.49 mid) = $1,150 credit for the 7d cycle → $4,929/mo projected Survival (stays ≤ $13.50) 65% Breach risk 35% POP (stays ≤ $13.99) 75% EV / mo +$1,253 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.3 mo [0.7-2.7] median, 0.1 mo faster than no FIGHT (1.5 mo) · 71% of paths whole by 9 mo (vs 56% without) · ~13.1 challenges expected · median CC cash $3,381 🛡 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) 57% Flat exit net (mid-life) -$273 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $18 @ 91% POP 90% 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: $0.80/sh now → $0.57 mid-life (likely $0.72–$1.07) → ≈ $0 at expiry | you banked $0.46/sh, so a flat mid-life exit nets -$0.11/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,700 simulated challenges: the $14 strike is typically first touched on day 3 of 7, at $14 (overshoots $0.39). 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 ⚠ $13.50 is $4 below CC-SS $17.18: 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 $0.46 collected) or spot ≥ $13.99 (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 $17.18, 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 × $13.50): -$8,038 Total Position P&L @ SS: $-8,038 (+$562 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-8,138, the opportunity cost of earning $4,929/mo FIGHT income now) BB-reversion stress (→ $18.77 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$12,025, position total $-8,764 ($-164 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: 0.818 (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 | 75% | 80% | +$732 | -$5,771 | 61.7% | $-5,751 (vs do-nothing $-5,851) |
| $14 | 14d | 24 Jul 2026 | $0.53 | 22/25 | $2,499 | $2,060 | 70% | 77% | +$587 | -$5,820 | 62.2% | $-5,808 (vs do-nothing $-5,908) |
| $14 | 21d | 31 Jul 2026 | $0.74 | 24/25 | $2,537 | $2,088 | 68% | 76% | +$553 | -$5,845 | 62.5% | $-5,841 (vs do-nothing $-5,941) |
| $13.50 | 7d | 17 Jul 2026 | $0.46 | 13/25 | $2,563 | $2,176 | 65% | 75% | +$651 | -$4,180 | 44.7% | $-4,132 (vs do-nothing $-4,232) |
| $13.50 | 14d | 24 Jul 2026 | $0.70 | 17/25 | $2,550 | $2,140 | 62% | 73% | +$484 | -$5,058 | 54.1% | $-5,026 (vs do-nothing $-5,126) |
| $13.50 | 21d | 31 Jul 2026 | $0.93 | 19/25 | $2,524 | $2,103 | 61% | 73% | +$503 | -$5,216 | 55.8% | $-5,192 (vs do-nothing $-5,292) |
| $13 | 21d | 31 Jul 2026 | $1.13 | 16/25 | $2,583 | $2,179 | 55% | 70% | +$412 | -$4,873 | 52.1% | $-4,837 (vs do-nothing $-4,937) |
| $13 | 14d | 24 Jul 2026 | $0.91 | 13/25 | $2,535 | $2,148 | 54% | 69% | +$377 | -$4,245 | 45.4% | $-4,197 (vs do-nothing $-4,297) |
| $13 | 7d | 17 Jul 2026 | $0.67 | 9/25 | $2,584 | $2,220 | 53% | 69% | +$487 | -$3,155 | 33.7% | $-3,091 (vs do-nothing $-3,191) |
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.