25 contracts (2,500 sh) | BE SS: $20.74 | CC-SS: $16.84 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $26,850 | (ND $3.74 + SW $7) x 2500 |
| Normal income ref | $3,857/mo | 95% ann ROI on ML |
| Hedge rolling cost | $475/mo | |
| Unrealized P&L | $-8,662 | 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 | 24 × $14 | 80% | $1,954 | $168 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 14 × $15 | 17 Jul | 7d | 18.7% | 91% | 19% | $112 | $480 | -$1,474 | $2,470 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 14 × $15 18.7% OTM over spot $12.64 17 Jul 2026 (7d, $0.10 mid) = $112 credit for the 7d cycle → $480/mo projected Survival (stays ≤ $15) 91% Breach risk 9% POP (stays ≤ $15.10) 92% EV / mo +$190 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.6 mo [0.7-3.6] median · 61% of paths whole by 9 mo (vs 59% without) · ~3.0 challenges expected · median CC cash $-455 🛡 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) -$753 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $17 @ 78% POP 74% survival Roll menuyour doors if the call gets challenged; each row = buy back the 14 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: $0.87/sh now → $0.62 mid-life (likely $0.54–$0.92) → ≈ $0 at expiry | you banked $0.08/sh, so a flat mid-life exit nets -$0.54/sh | roll rows are incremental, the banked premium stays yours 📊 Across 327 simulated challenges: the $15 strike is typically first touched on day 5 of 7, at $15 (overshoots $0.43). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted +0.5 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 is $2 below CC-SS $16.84: 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 ≥ $15.10 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $15)); 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 0.81 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $16.84, where you are whole again, by expiry) Starting unrealized P&L: $-8,662 + Fortress recovery (un-capped): +$8,566 − CC assignment net of premium (14 × $15): -$2,470 + Conservative CC premium (11 × $20): +$44 Total Position P&L @ SS: $-2,522 (+$6,140 vs today) Do-nothing baseline at SS: $4 (this trade vs do-nothing: $-2,526, the opportunity cost of earning $480/mo FIGHT income now) BB-reversion stress (→ $18.75 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$5,138, position total $-1,307 (+$7,355 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 25 × $15 | 17 Jul | 7d | 18.7% | 91% | 19% | $200 | $857 | -$1,097 | $4,411 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 25 × $15 18.7% OTM over spot $12.64 17 Jul 2026 (7d, $0.10 mid) = $200 credit for the 7d cycle → $857/mo projected Survival (stays ≤ $15) 91% Breach risk 9% POP (stays ≤ $15.10) 92% EV / mo +$339 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.6 mo [0.8-3.1] median · 60% of paths whole by 9 mo (vs 54% without) · ~2.8 challenges expected · median CC cash $103 🛡 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) -$1,345 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $17 @ 78% 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: $0.87/sh now → $0.62 mid-life (likely $0.52–$0.95) → ≈ $0 at expiry | you banked $0.08/sh, so a flat mid-life exit nets -$0.54/sh | roll rows are incremental, the banked premium stays yours 📊 Across 336 simulated challenges: the $15 strike is typically first touched on day 5 of 7, at $15 (overshoots $0.44). 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 is $2 below CC-SS $16.84: 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 ≥ $15.10 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $15)); 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 0.81 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $16.84, where you are whole again, by expiry) Starting unrealized P&L: $-8,662 + Fortress recovery (un-capped): +$8,566 − CC assignment net of premium (25 × $15): -$4,411 Total Position P&L @ SS: $-4,507 (+$4,156 vs today) Do-nothing baseline at SS: $4 (this trade vs do-nothing: $-4,511, the opportunity cost of earning $857/mo FIGHT income now) BB-reversion stress (→ $18.75 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$9,175, position total $-5,388 (+$3,274 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 23 × $14.50 | 17 Jul | 7d | 14.7% | 86% | 28% | $299 | $1,281 | -$673 | $5,093 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 23 × $14.50 14.7% OTM over spot $12.64 17 Jul 2026 (7d, $0.15 mid) = $299 credit for the 7d cycle → $1,281/mo projected Survival (stays ≤ $14.50) 86% Breach risk 14% POP (stays ≤ $14.64) 88% EV / mo +$463 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.6 mo [0.8-3.5] median, 0.1 mo faster than no FIGHT (1.6 mo) · 62% of paths whole by 9 mo (vs 56% without) · ~4.4 challenges expected · median CC cash $661 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 20% Flat exit net (mid-life) -$1,048 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $16 @ 79% POP 75% survival Roll menuyour doors if the call gets challenged; each row = buy back the 23 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $0.83/sh now → $0.59 mid-life (likely $0.51–$0.87) → ≈ $0 at expiry | you banked $0.13/sh, so a flat mid-life exit nets -$0.46/sh | roll rows are incremental, the banked premium stays yours 📊 Across 586 simulated challenges: the $14 strike is typically first touched on day 5 of 7, at $15 (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 ⚠ $14.50 is $2 below CC-SS $16.84: 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 $0.13 collected) or spot ≥ $14.64 (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 0.81 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $16.84, where you are whole again, by expiry) Starting unrealized P&L: $-8,662 + Fortress recovery (un-capped): +$8,566 − CC assignment net of premium (23 × $14.50): -$5,093 + Conservative CC premium (2 × $20): +$8 Total Position P&L @ SS: $-5,181 (+$3,481 vs today) Do-nothing baseline at SS: $4 (this trade vs do-nothing: $-5,185, the opportunity cost of earning $1,281/mo FIGHT income now) BB-reversion stress (→ $18.75 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$9,476, position total $-5,681 (+$2,981 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 24 × $14 | 17 Jul | 7d | 10.8% | 80% | 31% | $456 | $1,954 | — | $6,370 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 24 × $14 10.8% OTM over spot $12.64 17 Jul 2026 (7d, $0.21 mid) = $456 credit for the 7d cycle → $1,954/mo projected Survival (stays ≤ $14) 80% Breach risk 20% POP (stays ≤ $14.21) 83% EV / mo +$486 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.5 mo [0.7-3.0] median, 0.1 mo faster than no FIGHT (1.7 mo) · 58% of paths whole by 9 mo (vs 53% without) · ~6.7 challenges expected · median CC cash $1,419 🛡 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) 31% Flat exit net (mid-life) -$875 Free roll-up +$0/wk Safest escape (by 24 Jul 2026) $15 @ 80% POP 75% 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: $0.78/sh now → $0.55 mid-life (likely $0.55–$0.89) → ≈ $0 at expiry | you banked $0.19/sh, so a flat mid-life exit nets -$0.36/sh | roll rows are incremental, the banked premium stays yours 📊 Across 940 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 $16.84: 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 ≥ $14.21 (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 0.81 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $16.84, where you are whole again, by expiry) Starting unrealized P&L: $-8,662 + Fortress recovery (un-capped): +$8,566 − CC assignment net of premium (24 × $14): -$6,370 + Conservative CC premium (1 × $20): +$4 Total Position P&L @ SS: $-6,463 (+$2,200 vs today) Do-nothing baseline at SS: $4 (this trade vs do-nothing: $-6,466, the opportunity cost of earning $1,954/mo FIGHT income now) BB-reversion stress (→ $18.75 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$10,944, position total $-7,153 (+$1,509 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 20 × $13 | 17 Jul | 7d | 2.8% | 61% | 81% | $940 | $4,029 | +$2,074 | $6,749 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 20 × $13 2.8% OTM over spot $12.64 17 Jul 2026 (7d, $0.47 mid) = $940 credit for the 7d cycle → $4,029/mo projected Survival (stays ≤ $13) 61% Breach risk 39% POP (stays ≤ $13.47) 71% EV / mo +$635 📈 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) · 67% of paths whole by 9 mo (vs 56% without) · ~16.9 challenges expected · median CC cash $2,528 🛡 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) 66% Flat exit net (mid-life) -$48 Free roll-up +$0/wk Safest escape (by 24 Jul 2026) $16 @ 92% POP 91% 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: $0.70/sh now → $0.49 mid-life (likely $0.66–$0.96) → ≈ $0 at expiry | you banked $0.47/sh, so a flat mid-life exit nets -$0.02/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,974 simulated challenges: the $13 strike is typically first touched on day 2 of 7, at $13 (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 ⚠ $13 is $4 below CC-SS $16.84: 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 $0.47 collected) or spot ≥ $13.47 (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 $18.87 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.81 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $16.84, where you are whole again, by expiry) Starting unrealized P&L: $-8,662 + Fortress recovery (un-capped): +$8,566 − CC assignment net of premium (20 × $13): -$6,749 + Conservative CC premium (5 × $20): +$20 Total Position P&L @ SS: $-6,825 (+$1,838 vs today) Do-nothing baseline at SS: $4 (this trade vs do-nothing: $-6,829, the opportunity cost of earning $4,029/mo FIGHT income now) BB-reversion stress (→ $18.75 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$10,560, position total $-6,753 (+$1,909 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 12 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: 0.815 (IBKR) | Recovery@SS: +$8,566 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $4
| 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 | $0.19 | 24/25 | $1,954 | $1,485 | 80% | 83% | +$486 | -$6,370 | 68.1% | $-6,463 (vs do-nothing $-6,466) |
| $14 | 14d | 24 Jul 2026 | $0.39 | 24/25 | $2,006 | $1,536 | 75% | 80% | +$529 | -$5,890 | 63.0% | $-5,983 (vs do-nothing $-5,986) |
| $14 | 21d | 31 Jul 2026 | $0.54 | 25/25 | $1,929 | $1,453 | 72% | 78% | +$358 | -$5,761 | 61.6% | $-5,857 (vs do-nothing $-5,861) |
| $13.50 | 7d | 17 Jul 2026 | $0.31 | 15/25 | $1,993 | $1,575 | 72% | 78% | +$440 | -$4,551 | 48.7% | $-4,608 (vs do-nothing $-4,611) |
| $13.50 | 14d | 24 Jul 2026 | $0.52 | 18/25 | $2,006 | $1,570 | 68% | 76% | +$410 | -$5,084 | 54.4% | $-5,152 (vs do-nothing $-5,156) |
| $13.50 | 21d | 31 Jul 2026 | $0.74 | 19/25 | $2,009 | $1,567 | 66% | 79% | +$424 | -$4,948 | 52.9% | $-5,020 (vs do-nothing $-5,024) |
| $13 | 7d | 17 Jul 2026 | $0.47 | 10/25 | $2,014 | $1,625 | 61% | 71% | +$317 | -$3,374 | 36.1% | $-3,411 (vs do-nothing $-3,414) |
| $13 | 14d | 24 Jul 2026 | $0.72 | 13/25 | $2,006 | $1,599 | 60% | 72% | +$374 | -$4,062 | 43.4% | $-4,110 (vs do-nothing $-4,114) |
| $13 | 21d | 31 Jul 2026 | $0.90 | 15/25 | $1,929 | $1,510 | 59% | 71% | +$285 | -$4,416 | 47.2% | $-4,473 (vs do-nothing $-4,476) |
| $12.50 | 21d | 31 Jul 2026 | $0.90 | 15/25 | $1,929 | $1,510 | 52% | 70% | $-202 | -$5,166 | 55.3% | $-5,223 (vs do-nothing $-5,226) |
| $12.50 | 14d | 24 Jul 2026 | $0.86 | 11/25 | $2,027 | $1,632 | 51% | 67% | +$115 | -$3,833 | 41.0% | $-3,873 (vs do-nothing $-3,877) |
| $12.50 | 7d | 17 Jul 2026 | $0.69 | 7/25 | $2,070 | $1,697 | 49% | 66% | +$210 | -$2,558 | 27.4% | $-2,582 (vs do-nothing $-2,586) |
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.