17 of 25 contracts (1,700 sh uncapped) | BE SS: $563.00 | CC-SS: $332.59 | IV: HIGH | Accounts: Main:1299
| Max Loss | $158,100 | (ND $63.00 + SW $30) x 1700 |
| Normal income ref | $41,140/mo | 95% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $0/mo (info only, already in marks) |
| Unrealized P&L | $-123,981 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 8x $175C 17 Jul 2026 | U10001299 | $1.26 | $1,010 | 2026-07-16 |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 17 contracts). The master ranks the two by E[net]/mo to pick one grand pick; both are shown here so you can choose the tenor that fits your roll cadence.
| Track | Expiry | Sell | Survival | Income/mo | E[net]/mo |
|---|---|---|---|---|---|
| NEXT FRIDAY 🏆 | 24 Jul 2026 · 8d | 17 × $180 | 80% | $21,356 | $5,933 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | 🛡 safe yield | 17 × $190 | 24 Jul | 8d | 15.2% | 90% | 20% | $2,652 | $9,945 | -$11,411 | $239,754 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 17 × $190 15.2% OTM over spot $164.97 24 Jul 2026 (8d, $1.62 mid) = $2,652 credit for the 8d cycle → $9,945/mo projected Survival (stays ≤ $190) 90% Breach risk 10% POP (stays ≤ $191.62) 91% EV / mo +$6,404 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.5 mo [4.3-7.1] median, 0.3 mo faster than no FIGHT (5.8 mo) · 24% of paths whole by 9 mo (vs 10% without) · ~4.7 challenges expected · median CC cash $55,072 🛡 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) 14% Flat exit net (mid-life) -$11,874 Free roll-up +$10/wk Safest escape (by 7 Aug 2026) $215 @ 83% POP 78% survival Roll menuyour doors if the call gets challenged; each row = buy back the 17 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $12.08/sh now → $8.54 mid-life (likely $6.75–$11.50) → ≈ $0 at expiry | you banked $1.56/sh, so a flat mid-life exit nets -$6.98/sh | roll rows are incremental, the banked premium stays yours 📊 Across 407 simulated challenges: the $190 strike is typically first touched on day 6 of 8, at $194 (overshoots $3.94). 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 ⚠ $190 is $143 below CC-SS $332.59: 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 < $0.39/sh (~25% of the $1.56 collected) or spot ≥ $191.62 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $190)); NOT the premium you collected. Momentum override: two daily closes above $173.12 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.30 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $332.59, where you are whole again, by expiry) Starting unrealized P&L: $-123,981 + Fortress recovery (un-capped): +$86,627 − CC assignment net of premium (17 × $190): -$239,754 Total Position P&L @ SS: $-277,108 ($-153,127 vs today) Do-nothing baseline at SS: $-177,437 (this trade vs do-nothing: $-99,671, the opportunity cost of earning $9,945/mo FIGHT income now) BB-reversion stress (→ $215.11 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$40,035, position total $-138,104 ($-14,123 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 16 × $185 | 24 Jul | 8d | 12.1% | 86% | 28% | $3,648 | $13,680 | -$7,676 | $232,499 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 16 × $185 12.1% OTM over spot $164.97 24 Jul 2026 (8d, $2.37 mid) = $3,648 credit for the 8d cycle → $13,680/mo projected Survival (stays ≤ $185) 86% Breach risk 14% POP (stays ≤ $187.37) 89% EV / mo +$8,413 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.6 mo [4.2-7.2] median, 0.1 mo faster than no FIGHT (5.7 mo) · 29% of paths whole by 9 mo (vs 11% without) · ~6.7 challenges expected · median CC cash $67,481 🛡 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) 21% Flat exit net (mid-life) -$9,418 Free roll-up +$10/wk Safest escape (by 7 Aug 2026) $215 @ 86% POP 82% survival Roll menuyour doors if the call gets challenged; each row = buy back the 16 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $11.55/sh now → $8.17 mid-life (likely $7.60–$11.95) → ≈ $0 at expiry | you banked $2.28/sh, so a flat mid-life exit nets -$5.89/sh | roll rows are incremental, the banked premium stays yours 📊 Across 622 simulated challenges: the $185 strike is typically first touched on day 5 of 8, at $189 (overshoots $4.10). 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 ⚠ $185 is $148 below CC-SS $332.59: 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 < $0.57/sh (~25% of the $2.28 collected) or spot ≥ $187.37 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $185)); NOT the premium you collected. Momentum override: two daily closes above $173.12 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.30 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $332.59, where you are whole again, by expiry) Starting unrealized P&L: $-123,981 + Fortress recovery (un-capped): +$86,627 − CC assignment net of premium (16 × $185): -$232,499 − Conservative CC assignment net of premium (1 × $250): -$8,240 Total Position P&L @ SS: $-278,093 ($-154,112 vs today) Do-nothing baseline at SS: $-177,437 (this trade vs do-nothing: $-100,656, the opportunity cost of earning $13,680/mo FIGHT income now) BB-reversion stress (→ $215.11 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$44,528, position total $-142,578 ($-18,597 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 17 × $180 | 24 Jul | 8d | 9.1% | 80% | 31% | $5,695 | $21,356 | — | $253,711 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 17 × $180 9.1% OTM over spot $164.97 24 Jul 2026 (8d, $3.42 mid) = $5,695 credit for the 8d cycle → $21,356/mo projected Survival (stays ≤ $180) 80% Breach risk 20% POP (stays ≤ $183.43) 84% EV / mo +$11,276 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 6.0 mo [4.6-7.3] median, 0.6 mo faster than no FIGHT (6.5 mo) · 37% of paths whole by 9 mo (vs 8% without) · ~10.1 challenges expected · median CC cash $83,840 🛡 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) -$7,558 Free roll-up +$8/wk Safest escape (by 7 Aug 2026) $215 @ 89% POP 86% survival Roll menuyour doors if the call gets challenged; each row = buy back the 17 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $11.02/sh now → $7.80 mid-life (likely $7.70–$12.38) → ≈ $0 at expiry | you banked $3.35/sh, so a flat mid-life exit nets -$4.45/sh | roll rows are incremental, the banked premium stays yours 📊 Across 931 simulated challenges: the $180 strike is typically first touched on day 5 of 8, at $184 (overshoots $4.01). 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 ⚠ $180 is $153 below CC-SS $332.59: 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 < $0.84/sh (~25% of the $3.35 collected) or spot ≥ $183.43 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $180)); NOT the premium you collected. Momentum override: two daily closes above $173.12 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.30 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $332.59, where you are whole again, by expiry) Starting unrealized P&L: $-123,981 + Fortress recovery (un-capped): +$86,627 − CC assignment net of premium (17 × $180): -$253,711 Total Position P&L @ SS: $-291,065 ($-167,084 vs today) Do-nothing baseline at SS: $-177,437 (this trade vs do-nothing: $-113,628, the opportunity cost of earning $21,356/mo FIGHT income now) BB-reversion stress (→ $215.11 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$53,992, position total $-152,061 ($-28,080 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 17 × $170 | 24 Jul | 8d | 3.0% | 63% | 77% | $11,220 | $42,075 | +$20,719 | $265,186 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 17 × $170 3.0% OTM over spot $164.97 24 Jul 2026 (8d, $6.72 mid) = $11,220 credit for the 8d cycle → $42,075/mo projected Survival (stays ≤ $170) 63% Breach risk 37% POP (stays ≤ $176.72) 75% EV / mo +$16,185 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.7 mo [4.3-7.4] median, 0.6 mo faster than no FIGHT (6.3 mo) · 55% of paths whole by 9 mo (vs 11% without) · ~22.7 challenges expected · median CC cash $105,218 🛡 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) 62% Flat exit net (mid-life) -$816 Free roll-up +$8/wk Safest escape (by 7 Aug 2026) $205 @ 90% POP 88% survival Roll menuyour doors if the call gets challenged; each row = buy back the 17 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $10.01/sh now → $7.08 mid-life (likely $9.27–$12.88) → ≈ $0 at expiry | you banked $6.60/sh, so a flat mid-life exit nets -$0.48/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,846 simulated challenges: the $170 strike is typically first touched on day 3 of 8, at $174 (overshoots $3.97). 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 ⚠ $170 is $163 below CC-SS $332.59: 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 < $1.65/sh (~25% of the $6.60 collected) or spot ≥ $176.72 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $170)); NOT the premium you collected. Momentum override: two daily closes above $173.12 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.30 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $332.59, where you are whole again, by expiry) Starting unrealized P&L: $-123,981 + Fortress recovery (un-capped): +$86,627 − CC assignment net of premium (17 × $170): -$265,186 Total Position P&L @ SS: $-302,540 ($-178,559 vs today) Do-nothing baseline at SS: $-177,437 (this trade vs do-nothing: $-125,103, the opportunity cost of earning $42,075/mo FIGHT income now) BB-reversion stress (→ $215.11 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$65,467, position total $-163,536 ($-39,555 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 23 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: 0.304 (IBKR) | Recovery@SS: +$86,627 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-177,437
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $180 | 8d | 24 Jul 2026 | $3.35 | 17/17 | $21,356 | $21,356 | 80% | 84% | +$11,276 | -$253,711 | 236.9% | $-291,065 (vs do-nothing $-113,628) |
| $177.50 | 8d | 24 Jul 2026 | $4.00 | 14/17 | $21,000 | $21,114 | 76% | 82% | +$10,357 | -$211,529 | 197.5% | $-273,603 (vs do-nothing $-96,166) |
| $180 | 15d | 31 Jul 2026 | $6.30 | 17/17 | $21,420 | $21,420 | 74% | 81% | +$10,296 | -$248,696 | 232.2% | $-286,050 (vs do-nothing $-108,613) |
| $175 | 8d | 24 Jul 2026 | $4.70 | 12/17 | $21,150 | $21,340 | 72% | 80% | +$9,545 | -$183,470 | 171.3% | $-262,025 (vs do-nothing $-84,588) |
| $177.50 | 15d | 31 Jul 2026 | $7.10 | 15/17 | $21,300 | $21,376 | 70% | 78% | +$7,900 | -$221,988 | 207.3% | $-275,822 (vs do-nothing $-98,385) |
| $177.50 | 22d | 7 Aug 2026 | $9.65 | 16/17 | $21,055 | $21,093 | 69% | 79% | +$9,055 | -$232,707 | 217.3% | $-278,301 (vs do-nothing $-100,864) |
| $172.50 | 8d | 24 Jul 2026 | $5.55 | 10/17 | $20,812 | $21,078 | 68% | 77% | +$8,618 | -$154,542 | 144.3% | $-249,577 (vs do-nothing $-72,140) |
| $175 | 15d | 31 Jul 2026 | $7.90 | 14/17 | $22,120 | $22,234 | 67% | 77% | +$7,611 | -$209,569 | 195.7% | $-271,643 (vs do-nothing $-94,206) |
| $175 | 22d | 7 Aug 2026 | $10.70 | 15/17 | $21,886 | $21,962 | 66% | 77% | +$9,064 | -$220,338 | 205.7% | $-274,172 (vs do-nothing $-96,735) |
| $172.50 | 15d | 31 Jul 2026 | $8.50 | 13/17 | $22,100 | $22,252 | 64% | 76% | +$8,089 | -$197,069 | 184.0% | $-267,384 (vs do-nothing $-89,947) |
| $172.50 | 22d | 7 Aug 2026 | $11.55 | 14/17 | $22,050 | $22,164 | 63% | 76% | +$8,458 | -$207,959 | 194.2% | $-270,033 (vs do-nothing $-92,596) |
| $170 | 8d | 24 Jul 2026 | $6.60 | 9/17 | $22,275 | $22,579 | 63% | 75% | +$8,568 | -$140,393 | 131.1% | $-243,668 (vs do-nothing $-66,231) |
| $170 | 15d | 31 Jul 2026 | $10.00 | 11/17 | $22,000 | $22,228 | 61% | 74% | +$6,814 | -$167,851 | 156.7% | $-254,646 (vs do-nothing $-77,209) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $170 | 22d | 7 Aug 2026 | $12.60 | 12/17 | $20,618 | $20,808 | 60% | 75% | +$7,432 | -$179,990 | 168.1% | $-258,545 (vs do-nothing $-81,108) |
| $167.50 | 8d | 24 Jul 2026 | $7.55 | 8/17 | $22,650 | $22,992 | 58% | 73% | +$7,589 | -$126,033 | 117.7% | $-237,549 (vs do-nothing $-60,112) |
| $167.50 | 15d | 31 Jul 2026 | $10.60 | 10/17 | $21,200 | $21,466 | 57% | 72% | +$5,358 | -$154,492 | 144.3% | $-249,527 (vs do-nothing $-72,090) |
| $167.50 | 22d | 7 Aug 2026 | $13.70 | 12/17 | $22,418 | $22,608 | 57% | 73% | +$7,548 | -$181,670 | 169.6% | $-260,225 (vs do-nothing $-82,788) |
| $165 | 22d | 7 Aug 2026 | $11.60 | 14/17 | $22,145 | $22,259 | 54% | 71% | +$2,653 | -$218,389 | 203.9% | $-280,463 (vs do-nothing $-103,026) |
| $165 | 15d | 31 Jul 2026 | $12.10 | 9/17 | $21,780 | $22,084 | 53% | 71% | +$6,604 | -$139,943 | 130.7% | $-243,218 (vs do-nothing $-65,781) |
| $165 | 8d | 24 Jul 2026 | $8.80 | 7/17 | $23,100 | $23,480 | 52% | 71% | +$6,983 | -$111,154 | 103.8% | $-230,910 (vs do-nothing $-53,473) |
| $162.50 | 22d | 7 Aug 2026 | $15.90 | 10/17 | $21,682 | $21,948 | 50% | 71% | +$6,095 | -$154,192 | 144.0% | $-249,227 (vs do-nothing $-71,790) |
| $162.50 | 15d | 31 Jul 2026 | $12.90 | 8/17 | $20,640 | $20,982 | 50% | 69% | +$4,166 | -$125,753 | 117.4% | $-237,269 (vs do-nothing $-59,832) |
| $162.50 | 8d | 24 Jul 2026 | $10.25 | 6/17 | $23,062 | $23,480 | 47% | 69% | +$6,353 | -$95,905 | 89.5% | $-223,901 (vs do-nothing $-46,464) |
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 17 contracts at the conservative CC.