1 of 20 contracts (100 sh uncapped) | BE SS: $93.40 | CC-SS: $94.30 (banked floor $93.95) | IV: HIGH | Accounts: Joint:1782
| Max Loss | $5,040 | (ND $28.40 + SW $22) x 100 |
| Normal income ref | $566/mo | 95% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $70/mo (info only, already in marks) |
| Unrealized P&L | $-1,660 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 19x $81.5C 17 Jul 2026 | U6241782 | $0.40 | $760 | 2026-07-11 |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 1 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 | 1 × $80.50 | 75% | $300 | $-2 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | 🛡 safe yield | 1 × $84.50 | 24 Jul | 8d | 9.6% | 91% | 19% | $10 | $38 | -$262 | $970 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $84.50 9.6% OTM over spot $77.07 24 Jul 2026 (8d, $0.30 mid) = $10 credit for the 8d cycle → $38/mo projected Survival (stays ≤ $84.50) 91% Breach risk 9% POP (stays ≤ $84.80) 92% EV / mo $-14 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 2.3 mo [1.3-4.2] median · 57% of paths whole by 9 mo (vs 60% without) · ~2.9 challenges expected · median CC cash $153 🛡 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) 13% Flat exit net (mid-life) -$217 Free roll-up +$1/wk Safest escape (by 7 Aug 2026) $87 @ 73% POP 64% survival Roll menuyour doors if the call gets challenged; each row = buy back the 1 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: $3.22/sh now → $2.27 mid-life (likely $1.85–$3.08) → ≈ $0 at expiry | you banked $0.10/sh, so a flat mid-life exit nets -$2.17/sh | roll rows are incremental, the banked premium stays yours 📊 Across 403 simulated challenges: the $84 strike is typically first touched on day 6 of 8, at $86 (overshoots $1.11). 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 ⚠ $84.50 is $10 below CC-SS $94.30: 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 $0.10 collected) or spot ≥ $84.80 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $84)); NOT the premium you collected. Momentum override: two daily closes above $84.81 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.94 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $94.30, where you are whole again, by expiry) Starting unrealized P&L: $-1,660 + Fortress recovery (un-capped): +$1,618 − CC assignment net of premium (1 × $84.50): -$970 Total Position P&L @ SS: $-1,012 (+$648 vs today) Do-nothing baseline at SS: $-837 (this trade vs do-nothing: $-175, the opportunity cost of earning $38/mo FIGHT income now) BB-reversion stress (→ $90.10 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$550, position total $-986 (+$674 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 1 × $81.50 | 24 Jul | 8d | 5.7% | 80% | 41% | $50 | $188 | -$112 | $1,230 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $81.50 5.7% OTM over spot $77.07 24 Jul 2026 (8d, $0.78 mid) = $50 credit for the 8d cycle → $188/mo projected Survival (stays ≤ $81.50) 80% Breach risk 20% POP (stays ≤ $82.28) 84% EV / mo +$26 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 2.3 mo [1.3-4.3] median, 0.2 mo faster than no FIGHT (2.4 mo) · 61% of paths whole by 9 mo (vs 58% without) · ~6.5 challenges expected · median CC cash $538 🛡 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) 30% Flat exit net (mid-life) -$161 Free roll-up +$0/wk Safest escape (by 7 Aug 2026) $86 @ 76% POP 70% survival Roll menuyour doors if the call gets challenged; each row = buy back the 1 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: $2.98/sh now → $2.11 mid-life (likely $2.11–$3.30) → ≈ $0 at expiry | you banked $0.50/sh, so a flat mid-life exit nets -$1.61/sh | roll rows are incremental, the banked premium stays yours 📊 Across 903 simulated challenges: the $82 strike is typically first touched on day 5 of 8, at $83 (overshoots $1.11). 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 ⚠ $81.50 is $13 below CC-SS $94.30: 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 ≥ $82.28 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $82)); NOT the premium you collected. Momentum override: two daily closes above $84.81 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.94 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $94.30, where you are whole again, by expiry) Starting unrealized P&L: $-1,660 + Fortress recovery (un-capped): +$1,618 − CC assignment net of premium (1 × $81.50): -$1,230 Total Position P&L @ SS: $-1,272 (+$388 vs today) Do-nothing baseline at SS: $-837 (this trade vs do-nothing: $-435, the opportunity cost of earning $188/mo FIGHT income now) BB-reversion stress (→ $90.10 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$810, position total $-1,246 (+$414 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 1 × $80.50 | 24 Jul | 8d | 4.5% | 75% | 39% | $80 | $300 | — | $1,300 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $80.50 4.5% OTM over spot $77.07 24 Jul 2026 (8d, $1.18 mid) = $80 credit for the 8d cycle → $300/mo projected Survival (stays ≤ $80.50) 75% Breach risk 25% POP (stays ≤ $81.67) 81% EV / mo +$70 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 2.4 mo [1.2-4.2] median · 66% of paths whole by 9 mo (vs 59% without) · ~8.3 challenges expected · median CC cash $655 🛡 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) -$126 Free roll-up +$0/wk Safest escape (by 7 Aug 2026) $85 @ 77% POP 71% survival Roll menuyour doors if the call gets challenged; each row = buy back the 1 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: $2.91/sh now → $2.06 mid-life (likely $2.16–$3.32) → ≈ $0 at expiry | you banked $0.80/sh, so a flat mid-life exit nets -$1.26/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,175 simulated challenges: the $80 strike is typically first touched on day 4 of 8, at $82 (overshoots $1.09). 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 ⚠ $80.50 is $14 below CC-SS $94.30: 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 < $0.20/sh (~25% of the $0.80 collected) or spot ≥ $81.67 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $80)); NOT the premium you collected. Momentum override: two daily closes above $84.81 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.94 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $94.30, where you are whole again, by expiry) Starting unrealized P&L: $-1,660 + Fortress recovery (un-capped): +$1,618 − CC assignment net of premium (1 × $80.50): -$1,300 Total Position P&L @ SS: $-1,342 (+$318 vs today) Do-nothing baseline at SS: $-837 (this trade vs do-nothing: $-505, the opportunity cost of earning $300/mo FIGHT income now) BB-reversion stress (→ $90.10 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$880, position total $-1,316 (+$344 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 1 × $78 | 24 Jul | 8d | 1.2% | 58% | 86% | $175 | $656 | +$356 | $1,455 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $78 1.2% OTM over spot $77.07 24 Jul 2026 (8d, $1.98 mid) = $175 credit for the 8d cycle → $656/mo projected Survival (stays ≤ $78) 58% Breach risk 42% POP (stays ≤ $79.97) 72% EV / mo +$141 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 2.3 mo [1.2-4.4] median, 0.2 mo faster than no FIGHT (2.5 mo) · 69% of paths whole by 9 mo (vs 57% without) · ~19.1 challenges expected · median CC cash $919 🛡 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) 69% Flat exit net (mid-life) -$18 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $87 @ 91% POP 91% survival Roll menuyour doors if the call gets challenged; each row = buy back the 1 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: $2.72/sh now → $1.93 mid-life (likely $2.60–$3.67) → ≈ $0 at expiry | you banked $1.75/sh, so a flat mid-life exit nets -$0.18/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,059 simulated challenges: the $78 strike is typically first touched on day 2 of 8, at $79 (overshoots $1.21). 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 ⚠ $78 is $16 below CC-SS $94.30: 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 < $0.44/sh (~25% of the $1.75 collected) or spot ≥ $79.97 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $78)); NOT the premium you collected. Momentum override: two daily closes above $84.81 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.94 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $94.30, where you are whole again, by expiry) Starting unrealized P&L: $-1,660 + Fortress recovery (un-capped): +$1,618 − CC assignment net of premium (1 × $78): -$1,455 Total Position P&L @ SS: $-1,497 (+$163 vs today) Do-nothing baseline at SS: $-837 (this trade vs do-nothing: $-660, the opportunity cost of earning $656/mo FIGHT income now) BB-reversion stress (→ $90.10 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$1,035, position total $-1,471 (+$189 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 25 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: 0.939 (IBKR) | Recovery@SS: +$1,618 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-837
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $80.50 | 8d | 24 Jul 2026 | $0.80 | 1/1 | $300 | $300 | 75% | 81% | +$70 | -$1,300 | 45.8% | $-1,342 (vs do-nothing $-505) |
| $80 | 8d | 24 Jul 2026 | $0.95 | 1/1 | $356 | $356 | 72% | 78% | +$83 | -$1,335 | 47.0% | $-1,377 (vs do-nothing $-540) |
| $80 | 15d | 31 Jul 2026 | $1.45 | 1/1 | $290 | $290 | 67% | 76% | +$37 | -$1,285 | 45.2% | $-1,327 (vs do-nothing $-490) |
| $79 | 8d | 24 Jul 2026 | $1.40 | 1/1 | $525 | $525 | 65% | 75% | +$146 | -$1,390 | 48.9% | $-1,432 (vs do-nothing $-595) |
| $80 | 22d | 7 Aug 2026 | $2.10 | 1/1 | $286 | $286 | 65% | 74% | +$49 | -$1,220 | 43.0% | $-1,262 (vs do-nothing $-425) |
| $79.50 | 15d | 31 Jul 2026 | $1.80 | 1/1 | $360 | $360 | 65% | 75% | +$75 | -$1,300 | 45.8% | $-1,342 (vs do-nothing $-505) |
| $79.50 | 22d | 7 Aug 2026 | $2.15 | 1/1 | $293 | $293 | 63% | 73% | +$35 | -$1,265 | 44.5% | $-1,307 (vs do-nothing $-470) |
| $79 | 15d | 31 Jul 2026 | $1.65 | 1/1 | $330 | $330 | 62% | 73% | +$10 | -$1,365 | 48.1% | $-1,407 (vs do-nothing $-570) |
| $79 | 22d | 7 Aug 2026 | $2.35 | 1/1 | $320 | $320 | 61% | 72% | +$39 | -$1,295 | 45.6% | $-1,337 (vs do-nothing $-500) |
| $78.50 | 15d | 31 Jul 2026 | $2.20 | 1/1 | $440 | $440 | 60% | 72% | +$83 | -$1,360 | 47.9% | $-1,402 (vs do-nothing $-565) |
| $78.50 | 22d | 7 Aug 2026 | $2.70 | 1/1 | $368 | $368 | 59% | 71% | +$62 | -$1,310 | 46.1% | $-1,352 (vs do-nothing $-515) |
| $78 | 8d | 24 Jul 2026 | $1.75 | 1/1 | $656 | $656 | 58% | 72% | +$141 | -$1,455 | 51.2% | $-1,497 (vs do-nothing $-660) |
| $78 | 15d | 31 Jul 2026 | $1.75 | 1/1 | $350 | $350 | 57% | 69% | $-48 | -$1,455 | 51.2% | $-1,497 (vs do-nothing $-660) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $78 | 22d | 7 Aug 2026 | $2.80 | 1/1 | $382 | $382 | 57% | 70% | +$50 | -$1,350 | 47.5% | $-1,392 (vs do-nothing $-555) |
| $77.50 | 15d | 31 Jul 2026 | $2.60 | 1/1 | $520 | $520 | 54% | 70% | +$78 | -$1,420 | 50.0% | $-1,462 (vs do-nothing $-625) |
| $77.50 | 22d | 7 Aug 2026 | $3.10 | 1/1 | $423 | $423 | 54% | 70% | +$62 | -$1,370 | 48.2% | $-1,412 (vs do-nothing $-575) |
| $77 | 22d | 7 Aug 2026 | $3.10 | 1/1 | $423 | $423 | 52% | 68% | +$31 | -$1,420 | 50.0% | $-1,462 (vs do-nothing $-625) |
| $77 | 15d | 31 Jul 2026 | $2.90 | 1/1 | $580 | $580 | 51% | 68% | +$90 | -$1,440 | 50.7% | $-1,482 (vs do-nothing $-645) |
| $77 | 8d | 24 Jul 2026 | $2.20 | 1/1 | $825 | $825 | 51% | 68% | +$141 | -$1,510 | 53.2% | $-1,552 (vs do-nothing $-715) |
| $76.50 | 22d | 7 Aug 2026 | $3.40 | 1/1 | $464 | $464 | 49% | 68% | +$40 | -$1,440 | 50.7% | $-1,482 (vs do-nothing $-645) |
| $76.50 | 15d | 31 Jul 2026 | $2.75 | 1/1 | $550 | $550 | 49% | 67% | +$10 | -$1,505 | 53.0% | $-1,547 (vs do-nothing $-710) |
| $76.50 | 8d | 24 Jul 2026 | $2.10 | 1/1 | $788 | $788 | 47% | 66% | +$7 | -$1,570 | 55.3% | $-1,612 (vs do-nothing $-775) |
| $76 | 22d | 7 Aug 2026 | $3.90 | 1/1 | $532 | $532 | 47% | 67% | +$73 | -$1,440 | 50.7% | $-1,482 (vs do-nothing $-645) |
| $76 | 15d | 31 Jul 2026 | $3.40 | 1/1 | $680 | $680 | 46% | 66% | +$86 | -$1,490 | 52.5% | $-1,532 (vs do-nothing $-695) |
| $76 | 8d | 24 Jul 2026 | $2.80 | 1/1 | $1,050 | $1,050 | 43% | 66% | +$164 | -$1,550 | 54.6% | $-1,592 (vs do-nothing $-755) |
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 1 contracts at the conservative CC.