20 contracts (2,000 sh) | BE SS: $93.40 | CC-SS: $95.14 (banked floor $94.75) | IV: HIGH | Accounts: Joint:1782
| Max Loss | $100,800 | (ND $28.40 + SW $22) x 2000 |
| Normal income ref | $10,985/mo | 95% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $1,500/mo (info only, already in marks) |
| Unrealized P&L | $-41,900 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 20 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 · 6d | 19 × $76.50 | 79% | $5,700 | $1,052 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | FIGHT edge | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | 🛡 safe yield | 20 × $79 | 24 Jul | 6d | 8.0% | 91% | 18% | +7pp | $500 | $2,500 | -$3,200 | $31,786 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 20 × $79 8.0% OTM over spot $73.17 24 Jul 2026 (6d, $0.33 mid) = $500 credit for the 6d cycle → $2,500/mo projected Survival (stays ≤ $79) 91% Breach risk 9% POP (stays ≤ $79.33) 92% EV / mo +$1,574 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +7pp 48% whole by 9mo vs 40% doing nothing FIRE DRILLS ~1.3/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $1,773/mo median; plan ~$1,206/mo after 68% keep · $13,246 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.0 mo [1.8-5.4], measured ONLY among the 48% of futures that got whole 🛡 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) -$2,824 Free roll-up +$2/wk Safest escape (by 14 Aug 2026) $86 @ 81% POP 77% 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 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.35/sh now → $1.66 mid-life (likely $1.36–$2.44) → ≈ $0 at expiry | you banked $0.25/sh, so a flat mid-life exit nets -$1.41/sh | roll rows are incremental, the banked premium stays yours 📊 Across 321 simulated challenges: the $79 strike is typically first touched on day 4 of 6, at $80 (overshoots $1.08). 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 ⚠ $79 is $16 below CC-SS $95.14: 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 < $0.06/sh (~25% of the $0.25 collected) or spot ≥ $79.33 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $79)); NOT the premium you collected. Momentum override: two daily closes above $81.41 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.91 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $95.14, where you are whole again, by expiry) Starting unrealized P&L: $-41,900 + Fortress recovery (un-capped): +$40,079 − CC assignment net of premium (20 × $79): -$31,786 Total Position P&L @ SS: $-33,607 (+$8,293 vs today) Do-nothing baseline at SS: $-11,907 (this trade vs do-nothing: $-21,700, the opportunity cost of earning $2,500/mo FIGHT income now) BB-reversion stress (→ $90.27 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$22,040, position total $-32,750 (+$9,150 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 15 × $77 | 24 Jul | 6d | 5.2% | 82% | 37% | +6pp | $750 | $3,750 | -$1,950 | $26,464 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 15 × $77 5.2% OTM over spot $73.17 24 Jul 2026 (6d, $0.57 mid) = $750 credit for the 6d cycle → $3,750/mo projected Survival (stays ≤ $77) 82% Breach risk 18% POP (stays ≤ $77.58) 85% EV / mo +$1,648 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +6pp 48% whole by 9mo vs 42% doing nothing FIRE DRILLS ~3.0/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $2,149/mo median; plan ~$1,461/mo after 68% keep · $16,303 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.6 mo [2.1-5.2], measured ONLY among the 48% of futures that got whole 🛡 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) 25% Flat exit net (mid-life) -$1,612 Free roll-up +$2/wk Safest escape (by 14 Aug 2026) $85 @ 83% POP 80% survival Roll menuyour doors if the call gets challenged; each row = buy back the 15 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.23/sh now → $1.57 mid-life (likely $1.58–$2.59) → ≈ $0 at expiry | you banked $0.50/sh, so a flat mid-life exit nets -$1.07/sh | roll rows are incremental, the banked premium stays yours 📊 Across 761 simulated challenges: the $77 strike is typically first touched on day 4 of 6, at $78 (overshoots $1.05). 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 ⚠ $77 is $18 below CC-SS $95.14: 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 ≥ $77.58 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $77)); NOT the premium you collected. Momentum override: two daily closes above $81.41 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.91 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $95.14, where you are whole again, by expiry) Starting unrealized P&L: $-41,900 + Fortress recovery (un-capped): +$40,079 − CC assignment net of premium (15 × $77): -$26,464 − Conservative CC assignment net of premium (5 × $90): -$2,521 Total Position P&L @ SS: $-30,807 (+$11,093 vs today) Do-nothing baseline at SS: $-11,907 (this trade vs do-nothing: $-18,900, the opportunity cost of earning $3,750/mo FIGHT income now) BB-reversion stress (→ $90.27 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$19,155, position total $-29,950 (+$11,950 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 19 × $76.50 | 24 Jul | 6d | 4.6% | 79% | 32% | +14pp | $1,140 | $5,700 | — | $34,282 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 19 × $76.50 4.6% OTM over spot $73.17 24 Jul 2026 (6d, $0.68 mid) = $1,140 credit for the 6d cycle → $5,700/mo projected Survival (stays ≤ $76.50) 79% Breach risk 21% POP (stays ≤ $77.17) 83% EV / mo +$2,286 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +14pp 54% whole by 9mo vs 40% doing nothing FIRE DRILLS ~3.5/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $3,013/mo median; plan ~$2,049/mo after 68% keep · $21,515 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.3 mo [1.9-5.5], measured ONLY among the 54% of futures that got whole 🛡 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) 32% Flat exit net (mid-life) -$1,811 Free roll-up +$2/wk Safest escape (by 14 Aug 2026) $85 @ 86% POP 83% 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 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.20/sh now → $1.55 mid-life (likely $1.63–$2.59) → ≈ $0 at expiry | you banked $0.60/sh, so a flat mid-life exit nets -$0.95/sh | roll rows are incremental, the banked premium stays yours 📊 Across 945 simulated challenges: the $76 strike is typically first touched on day 3 of 6, at $78 (overshoots $1.05). 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 ⚠ $76.50 is $19 below CC-SS $95.14: 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 < $0.15/sh (~25% of the $0.60 collected) or spot ≥ $77.17 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $76)); NOT the premium you collected. Momentum override: two daily closes above $81.41 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.91 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $95.14, where you are whole again, by expiry) Starting unrealized P&L: $-41,900 + Fortress recovery (un-capped): +$40,079 − CC assignment net of premium (19 × $76.50): -$34,282 − Conservative CC assignment net of premium (1 × $90): -$504 Total Position P&L @ SS: $-36,607 (+$5,293 vs today) Do-nothing baseline at SS: $-11,907 (this trade vs do-nothing: $-24,700, the opportunity cost of earning $5,700/mo FIGHT income now) BB-reversion stress (→ $90.27 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$25,023, position total $-35,750 (+$6,150 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 17 × $74 | 24 Jul | 6d | 1.1% | 59% | 84% | +15pp | $2,295 | $11,475 | +$5,775 | $33,648 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 17 × $74 1.1% OTM over spot $73.17 24 Jul 2026 (6d, $1.50 mid) = $2,295 credit for the 6d cycle → $11,475/mo projected Survival (stays ≤ $74) 59% Breach risk 41% POP (stays ≤ $75.50) 72% EV / mo +$2,494 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +15pp 57% whole by 9mo vs 42% doing nothing FIRE DRILLS ~9.0/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $3,787/mo median; plan ~$2,575/mo after 68% keep · $25,666 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.6 mo [2.1-5.2], measured ONLY among the 57% of futures that got whole 🛡 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) 64% Flat exit net (mid-life) -$167 Free roll-up +$2/wk Safest escape (by 14 Aug 2026) $86 @ 92% POP 91% 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 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.05/sh now → $1.45 mid-life (likely $1.92–$2.85) → ≈ $0 at expiry | you banked $1.35/sh, so a flat mid-life exit nets -$0.10/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,910 simulated challenges: the $74 strike is typically first touched on day 2 of 6, at $75 (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 ⚠ $74 is $21 below CC-SS $95.14: 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 < $0.34/sh (~25% of the $1.35 collected) or spot ≥ $75.50 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $74)); NOT the premium you collected. Momentum override: two daily closes above $81.41 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.91 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $95.14, where you are whole again, by expiry) Starting unrealized P&L: $-41,900 + Fortress recovery (un-capped): +$40,079 − CC assignment net of premium (17 × $74): -$33,648 − Conservative CC assignment net of premium (3 × $90): -$1,513 Total Position P&L @ SS: $-36,982 (+$4,918 vs today) Do-nothing baseline at SS: $-11,907 (this trade vs do-nothing: $-25,075, the opportunity cost of earning $11,475/mo FIGHT income now) BB-reversion stress (→ $90.27 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$25,364, position total $-36,125 (+$5,775 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (4 expiries scanned, 31 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: 0.912 (IBKR) | Recovery@SS: +$40,079 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-11,907
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $76.50 | 6d | 24 Jul 2026 | $0.60 | 19/20 | $5,700 | $5,715 | 79% | 83% | +$2,286 | -$34,282 | 60.4% | $-36,607 (vs do-nothing $-24,700) |
| $76 | 6d | 24 Jul 2026 | $0.70 | 16/20 | $5,600 | $5,660 | 75% | 81% | +$1,954 | -$29,509 | 52.0% | $-33,347 (vs do-nothing $-21,440) |
| $76.50 | 13d | 31 Jul 2026 | $1.25 | 20/20 | $5,769 | $5,769 | 71% | 78% | +$1,518 | -$34,786 | 61.2% | $-36,607 (vs do-nothing $-24,700) |
| $76 | 13d | 31 Jul 2026 | $1.45 | 17/20 | $5,688 | $5,733 | 69% | 77% | +$1,548 | -$30,078 | 53.0% | $-33,412 (vs do-nothing $-21,505) |
| $75 | 6d | 24 Jul 2026 | $1.00 | 11/20 | $5,500 | $5,635 | 68% | 76% | +$1,600 | -$21,057 | 37.1% | $-27,417 (vs do-nothing $-15,510) |
| $75.50 | 13d | 31 Jul 2026 | $1.60 | 15/20 | $5,538 | $5,613 | 66% | 75% | +$1,364 | -$27,064 | 47.6% | $-31,407 (vs do-nothing $-19,500) |
| $75.50 | 20d | 7 Aug 2026 | $2.00 | 19/20 | $5,700 | $5,715 | 64% | 74% | +$1,026 | -$33,522 | 59.0% | $-35,847 (vs do-nothing $-23,940) |
| $75 | 13d | 31 Jul 2026 | $1.75 | 14/20 | $5,654 | $5,744 | 63% | 73% | +$1,214 | -$25,750 | 45.3% | $-30,597 (vs do-nothing $-18,690) |
| $75 | 20d | 7 Aug 2026 | $2.20 | 17/20 | $5,610 | $5,655 | 61% | 72% | +$969 | -$30,503 | 53.7% | $-33,837 (vs do-nothing $-21,930) |
| $75 | 27d | 14 Aug 2026 | $2.60 | 20/20 | $5,778 | $5,778 | 60% | 72% | +$846 | -$35,086 | 61.8% | $-36,907 (vs do-nothing $-25,000) |
| $74.50 | 13d | 31 Jul 2026 | $1.90 | 13/20 | $5,700 | $5,805 | 60% | 72% | +$1,018 | -$24,366 | 42.9% | $-29,717 (vs do-nothing $-17,810) |
| $74 | 6d | 24 Jul 2026 | $1.35 | 9/20 | $6,075 | $6,240 | 59% | 72% | +$1,320 | -$17,814 | 31.4% | $-25,182 (vs do-nothing $-13,275) |
| $74.50 | 20d | 7 Aug 2026 | $2.40 | 16/20 | $5,760 | $5,820 | 59% | 72% | +$926 | -$29,189 | 51.4% | $-33,027 (vs do-nothing $-21,120) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $74.50 | 27d | 14 Aug 2026 | $2.90 | 18/20 | $5,800 | $5,830 | 58% | 71% | +$970 | -$31,937 | 56.2% | $-34,767 (vs do-nothing $-22,860) |
| $74 | 13d | 31 Jul 2026 | $2.00 | 12/20 | $5,538 | $5,658 | 57% | 70% | +$647 | -$22,972 | 40.4% | $-28,827 (vs do-nothing $-16,920) |
| $74 | 20d | 7 Aug 2026 | $2.60 | 15/20 | $5,850 | $5,925 | 56% | 70% | +$849 | -$27,814 | 49.0% | $-32,157 (vs do-nothing $-20,250) |
| $74 | 27d | 14 Aug 2026 | $3.10 | 16/20 | $5,511 | $5,571 | 56% | 70% | +$846 | -$28,869 | 50.8% | $-32,707 (vs do-nothing $-20,800) |
| $73.50 | 6d | 24 Jul 2026 | $1.55 | 8/20 | $6,200 | $6,380 | 54% | 69% | +$1,121 | -$16,074 | 28.3% | $-23,947 (vs do-nothing $-12,040) |
| $73.50 | 27d | 14 Aug 2026 | $3.30 | 15/20 | $5,500 | $5,575 | 54% | 69% | +$756 | -$27,514 | 48.4% | $-31,857 (vs do-nothing $-19,950) |
| $73.50 | 20d | 7 Aug 2026 | $2.85 | 13/20 | $5,558 | $5,663 | 54% | 69% | +$788 | -$24,431 | 43.0% | $-29,782 (vs do-nothing $-17,875) |
| $73.50 | 13d | 31 Jul 2026 | $2.30 | 11/20 | $5,838 | $5,973 | 54% | 69% | +$784 | -$21,277 | 37.5% | $-27,637 (vs do-nothing $-15,730) |
| $73 | 27d | 14 Aug 2026 | $3.50 | 15/20 | $5,833 | $5,908 | 52% | 68% | +$695 | -$27,964 | 49.2% | $-32,307 (vs do-nothing $-20,400) |
| $73 | 20d | 7 Aug 2026 | $3.10 | 12/20 | $5,580 | $5,700 | 51% | 68% | +$747 | -$22,852 | 40.2% | $-28,707 (vs do-nothing $-16,800) |
| $73 | 13d | 31 Jul 2026 | $2.55 | 10/20 | $5,885 | $6,035 | 51% | 67% | +$725 | -$19,593 | 34.5% | $-26,457 (vs do-nothing $-14,550) |
| $73 | 6d | 24 Jul 2026 | $1.75 | 7/20 | $6,125 | $6,320 | 50% | 67% | +$838 | -$14,275 | 25.1% | $-22,652 (vs do-nothing $-10,745) |
| $72.50 | 27d | 14 Aug 2026 | $3.80 | 14/20 | $5,911 | $6,001 | 49% | 68% | +$726 | -$26,380 | 46.4% | $-31,227 (vs do-nothing $-19,320) |
| $72.50 | 20d | 7 Aug 2026 | $3.30 | 12/20 | $5,940 | $6,060 | 49% | 67% | +$650 | -$23,212 | 40.9% | $-29,067 (vs do-nothing $-17,160) |
| $72 | 27d | 14 Aug 2026 | $4.10 | 13/20 | $5,922 | $6,027 | 47% | 66% | +$725 | -$24,756 | 43.6% | $-30,107 (vs do-nothing $-18,200) |
| $72 | 20d | 7 Aug 2026 | $3.60 | 11/20 | $5,940 | $6,075 | 46% | 66% | +$646 | -$21,497 | 37.8% | $-27,857 (vs do-nothing $-15,950) |
| $72 | 13d | 31 Jul 2026 | $3.10 | 8/20 | $5,723 | $5,903 | 44% | 65% | +$583 | -$16,034 | 28.2% | $-23,907 (vs do-nothing $-12,000) |
| $72 | 6d | 24 Jul 2026 | $2.35 | 5/20 | $5,875 | $6,100 | 40% | 63% | +$687 | -$10,396 | 18.3% | $-19,782 (vs do-nothing $-7,875) |
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 20 contracts at the conservative CC.