25 contracts (2,500 sh) | BE SS: $20.74 | CC-SS: $17.29 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $26,850 | (ND $3.74 + SW $7) x 2500 |
| Normal income ref | $4,982/mo | 95% ann ROI on ML |
| Hedge rolling cost | $455/mo | |
| Unrealized P&L | $-8,663 | 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 | 18 × $14 | 73% | $2,546 | $586 |
| 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 | 22.5% | 95% | 9% | $110 | $471 | -$2,074 | $2,718 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 22 × $16 22.5% OTM over spot $13.06 17 Jul 2026 (7d, $0.06 mid) = $110 credit for the 7d cycle → $471/mo projected Survival (stays ≤ $16) 95% Breach risk 5% POP (stays ≤ $16.06) 96% EV / mo +$316 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.5 mo [0.7-3.4] median · 58% of paths whole by 9 mo (vs 54% without) · ~1.4 challenges expected · median CC cash $-438 🛡 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) 7% Flat exit net (mid-life) -$1,532 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $18 @ 78% 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: $1.06/sh now → $0.75 mid-life (likely $0.56–$1.02) → ≈ $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 198 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 $17.29: 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 $18.87 (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 $17.29, where you are whole again, by expiry) Starting unrealized P&L: $-8,663 + Fortress recovery (un-capped): +$8,663 − CC assignment net of premium (22 × $16): -$2,718 + Conservative CC premium (3 × $20): +$12 Total Position P&L @ SS: $-2,706 (+$5,956 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-2,806, 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 $-2,929 (+$5,733 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 25 × $15.50 | 17 Jul | 7d | 18.7% | 92% | 16% | $200 | $857 | -$1,689 | $4,264 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 25 × $15.50 18.7% OTM over spot $13.06 17 Jul 2026 (7d, $0.10 mid) = $200 credit for the 7d cycle → $857/mo projected Survival (stays ≤ $15.50) 92% Breach risk 8% POP (stays ≤ $15.60) 93% EV / mo +$491 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.9 mo [0.8-3.8] median · 62% of paths whole by 9 mo (vs 57% without) · ~2.4 challenges expected · median CC cash $263 🛡 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) 11% Flat exit net (mid-life) -$1,574 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $17 @ 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 $0.60–$1.03) → ≈ $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 323 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 ⚠ $15.50 is $2 below CC-SS $17.29: 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 ≥ $15.60 (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 $18.87 (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 $17.29, where you are whole again, by expiry) Starting unrealized P&L: $-8,663 + Fortress recovery (un-capped): +$8,663 − CC assignment net of premium (25 × $15.50): -$4,264 Total Position P&L @ SS: $-4,264 (+$4,398 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-4,364, 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 $-4,932 (+$3,730 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 19 × $14.50 | 17 Jul | 7d | 11.0% | 82% | 38% | $399 | $1,710 | -$836 | $4,894 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 19 × $14.50 11.0% OTM over spot $13.06 17 Jul 2026 (7d, $0.23 mid) = $399 credit for the 7d cycle → $1,710/mo projected Survival (stays ≤ $14.50) 82% Breach risk 18% POP (stays ≤ $14.73) 85% EV / mo +$689 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.7 mo [0.7-3.8] median, 0.1 mo SLOWER than no FIGHT (1.6 mo): roll costs eat the credits at this rung · 66% of paths whole by 9 mo (vs 55% without) · ~5.9 challenges expected · median CC cash $1,336 🛡 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) -$814 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $17 @ 83% POP 79% survival Roll menuyour doors if the call gets challenged; each row = buy back the 19 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–$1.01) → ≈ $0 at expiry | you banked $0.21/sh, so a flat mid-life exit nets -$0.43/sh | roll rows are incremental, the banked premium stays yours 📊 Across 802 simulated challenges: the $14 strike is typically first touched on day 4 of 7, at $15 (overshoots $0.37). 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 $17.29: 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 $0.21 collected) or spot ≥ $14.73 (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 $18.87 (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 $17.29, where you are whole again, by expiry) Starting unrealized P&L: $-8,663 + Fortress recovery (un-capped): +$8,663 − CC assignment net of premium (19 × $14.50): -$4,894 + Conservative CC premium (6 × $20): +$24 Total Position P&L @ SS: $-4,870 (+$3,793 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-4,970, the opportunity cost of earning $1,710/mo FIGHT income now) BB-reversion stress (→ $18.77 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$7,714, position total $-4,647 (+$4,015 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 18 × $14 | 17 Jul | 7d | 7.2% | 73% | 42% | $594 | $2,546 | — | $5,320 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 18 × $14 7.2% OTM over spot $13.06 17 Jul 2026 (7d, $0.35 mid) = $594 credit for the 7d cycle → $2,546/mo projected Survival (stays ≤ $14) 73% Breach risk 27% POP (stays ≤ $14.35) 79% EV / mo +$836 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.6 mo [0.8-3.5] median · 63% of paths whole by 9 mo (vs 52% without) · ~9.8 challenges expected · median CC cash $2,141 🛡 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) 42% Flat exit net (mid-life) -$493 Free roll-up +$0/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 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: $0.85/sh now → $0.60 mid-life (likely $0.69–$1.03) → ≈ $0 at expiry | you banked $0.33/sh, so a flat mid-life exit nets -$0.27/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,262 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 ⚠ $14 is $3 below CC-SS $17.29: 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 < $0.08/sh (~25% of the $0.33 collected) or spot ≥ $14.35 (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 $18.87 (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 $17.29, where you are whole again, by expiry) Starting unrealized P&L: $-8,663 + Fortress recovery (un-capped): +$8,663 − CC assignment net of premium (18 × $14): -$5,320 + Conservative CC premium (7 × $20): +$28 Total Position P&L @ SS: $-5,292 (+$3,370 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-5,392, the opportunity cost of earning $2,546/mo FIGHT income now) BB-reversion stress (→ $18.77 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$7,992, position total $-4,921 (+$3,741 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 24 × $13.50 | 17 Jul | 7d | 3.4% | 63% | 78% | $1,200 | $5,143 | +$2,597 | $7,885 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 24 × $13.50 3.4% OTM over spot $13.06 17 Jul 2026 (7d, $0.54 mid) = $1,200 credit for the 7d cycle → $5,143/mo projected Survival (stays ≤ $13.50) 63% Breach risk 37% POP (stays ≤ $14.04) 74% EV / mo +$1,339 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.5 mo [0.8-3.1] median, 0.1 mo faster than no FIGHT (1.6 mo) · 69% of paths whole by 9 mo (vs 55% without) · ~14.7 challenges expected · median CC cash $3,556 🛡 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) 60% Flat exit net (mid-life) -$169 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $17 @ 91% POP 90% survival Roll menuyour doors if the call gets challenged; each row = buy back the 24 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 $0.74–$1.07) → ≈ $0 at expiry | you banked $0.50/sh, so a flat mid-life exit nets -$0.07/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,788 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 $17.29: 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 $0.50 collected) or spot ≥ $14.04 (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 $18.87 (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 $17.29, where you are whole again, by expiry) Starting unrealized P&L: $-8,663 + Fortress recovery (un-capped): +$8,663 − CC assignment net of premium (24 × $13.50): -$7,885 + Conservative CC premium (1 × $20): +$4 Total Position P&L @ SS: $-7,881 (+$781 vs today) Do-nothing baseline at SS: $100 (this trade vs do-nothing: $-7,981, the opportunity cost of earning $5,143/mo FIGHT income now) BB-reversion stress (→ $18.77 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$11,448, position total $-8,401 (+$262 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: 0.820 (IBKR) | Recovery@SS: +$8,663 (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 | $0.33 | 18/25 | $2,546 | $2,130 | 73% | 79% | +$836 | -$5,320 | 56.9% | $-5,292 (vs do-nothing $-5,392) |
| $14 | 14d | 24 Jul 2026 | $0.57 | 21/25 | $2,565 | $2,132 | 69% | 77% | +$702 | -$5,703 | 61.0% | $-5,687 (vs do-nothing $-5,787) |
| $14 | 21d | 31 Jul 2026 | $0.79 | 23/25 | $2,596 | $2,152 | 66% | 76% | +$597 | -$5,740 | 61.4% | $-5,732 (vs do-nothing $-5,832) |
| $13.50 | 7d | 17 Jul 2026 | $0.50 | 12/25 | $2,571 | $2,190 | 63% | 74% | +$669 | -$3,943 | 42.2% | $-3,891 (vs do-nothing $-3,991) |
| $13.50 | 14d | 24 Jul 2026 | $0.76 | 16/25 | $2,606 | $2,202 | 61% | 73% | +$614 | -$4,841 | 51.8% | $-4,805 (vs do-nothing $-4,905) |
| $13.50 | 21d | 31 Jul 2026 | $0.99 | 18/25 | $2,546 | $2,130 | 60% | 72% | +$528 | -$5,032 | 53.8% | $-5,004 (vs do-nothing $-5,104) |
| $13 | 21d | 31 Jul 2026 | $1.20 | 15/25 | $2,571 | $2,173 | 54% | 69% | +$426 | -$4,628 | 49.5% | $-4,588 (vs do-nothing $-4,688) |
| $13 | 14d | 24 Jul 2026 | $0.99 | 12/25 | $2,546 | $2,165 | 52% | 69% | +$493 | -$3,955 | 42.3% | $-3,903 (vs do-nothing $-4,003) |
| $13 | 7d | 17 Jul 2026 | $0.73 | 8/25 | $2,503 | $2,145 | 51% | 69% | +$505 | -$2,844 | 30.4% | $-2,776 (vs do-nothing $-2,876) |
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.