20 contracts (2,000 sh) | BE SS: $93.40 | CC-SS: $94.04 (banked floor $93.64) | IV: HIGH | Accounts: Joint:1782
| Max Loss | $100,800 | (ND $28.40 + SW $22) x 2000 |
| Normal income ref | $12,000/mo | 95% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $1,503/mo (info only, already in marks) |
| Unrealized P&L | $-39,280 | 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 · 5d | 19 × $77 | 82% | $6,270 | $1,987 |
| 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 | 5d | 7.7% | 92% | 17% | +8pp | $500 | $3,000 | -$3,270 | $29,578 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 20 × $79 7.7% OTM over spot $73.35 24 Jul 2026 (5d, $0.33 mid) = $500 credit for the 5d cycle → $3,000/mo projected Survival (stays ≤ $79) 92% Breach risk 8% POP (stays ≤ $79.33) 93% EV / mo +$2,011 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +8pp 52% whole by 9mo vs 44% doing nothing FIRE DRILLS ~1.4/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $2,153/mo median; plan ~$1,464/mo after 68% keep · $14,279 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~2.9 mo [1.7-4.6], measured ONLY among the 52% 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) 10% Flat exit net (mid-life) -$2,801 Free roll-up +$0/wk Safest escape (by 14 Aug 2026) $86 @ 80% POP 76% 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 2 of 5); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.33/sh now → $1.65 mid-life (likely $1.49–$2.48) → ≈ $0 at expiry | you banked $0.25/sh, so a flat mid-life exit nets -$1.40/sh | roll rows are incremental, the banked premium stays yours 📊 Across 294 simulated challenges: the $79 strike is typically first touched on day 4 of 5, at $80 (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 ⚠ $79 is $15 below CC-SS $94.04: 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 $81.39 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $94.04, where you are whole again, by expiry) Starting unrealized P&L: $-39,280 + Fortress recovery (un-capped): +$37,240 − CC assignment net of premium (20 × $79): -$29,578 Total Position P&L @ SS: $-31,618 (+$7,662 vs today) Do-nothing baseline at SS: $-9,918 (this trade vs do-nothing: $-21,700, the opportunity cost of earning $3,000/mo FIGHT income now) BB-reversion stress (→ $90.26 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$22,020, position total $-30,862 (+$8,418 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 19 × $78 | 24 Jul | 5d | 6.3% | 88% | 25% | +11pp | $665 | $3,990 | -$2,280 | $29,809 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 19 × $78 6.3% OTM over spot $73.35 24 Jul 2026 (5d, $0.42 mid) = $665 credit for the 5d cycle → $3,990/mo projected Survival (stays ≤ $78) 88% Breach risk 12% POP (stays ≤ $78.42) 90% EV / mo +$2,307 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +11pp 56% whole by 9mo vs 45% doing nothing FIRE DRILLS ~2.1/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $2,642/mo median; plan ~$1,796/mo after 68% keep · $17,277 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.1 mo [1.7-5.0], measured ONLY among the 56% 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) 14% Flat exit net (mid-life) -$2,388 Free roll-up +$0/wk Safest escape (by 14 Aug 2026) $85 @ 80% POP 76% 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 2 of 5); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.27/sh now → $1.61 mid-life (likely $1.43–$2.58) → ≈ $0 at expiry | you banked $0.35/sh, so a flat mid-life exit nets -$1.26/sh | roll rows are incremental, the banked premium stays yours 📊 Across 429 simulated challenges: the $78 strike is typically first touched on day 4 of 5, at $79 (overshoots $1.04). 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 $94.04: 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 < $0.09/sh (~25% of the $0.35 collected) or spot ≥ $78.42 (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 $81.39 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $94.04, where you are whole again, by expiry) Starting unrealized P&L: $-39,280 + Fortress recovery (un-capped): +$37,240 − CC assignment net of premium (19 × $78): -$29,809 − Conservative CC assignment net of premium (1 × $90): -$394 Total Position P&L @ SS: $-32,243 (+$7,037 vs today) Do-nothing baseline at SS: $-9,918 (this trade vs do-nothing: $-22,325, the opportunity cost of earning $3,990/mo FIGHT income now) BB-reversion stress (→ $90.26 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$22,629, position total $-31,487 (+$7,793 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 19 × $77 | 24 Jul | 5d | 5.0% | 82% | 24% | +16pp | $1,045 | $6,270 | — | $31,329 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 19 × $77 5.0% OTM over spot $73.35 24 Jul 2026 (5d, $0.62 mid) = $1,045 credit for the 5d cycle → $6,270/mo projected Survival (stays ≤ $77) 82% Breach risk 18% POP (stays ≤ $77.62) 86% EV / mo +$3,352 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +16pp 64% whole by 9mo vs 48% doing nothing FIRE DRILLS ~2.9/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $3,508/mo median; plan ~$2,386/mo after 68% keep · $21,454 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~2.8 mo [1.8-5.4], measured ONLY among the 64% 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) 24% Flat exit net (mid-life) -$1,925 Free roll-up +$0/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 19 calls + sell the new ones, one order. Prices assume the central case (day 2 of 5); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.21/sh now → $1.56 mid-life (likely $1.52–$2.56) → ≈ $0 at expiry | you banked $0.55/sh, so a flat mid-life exit nets -$1.01/sh | roll rows are incremental, the banked premium stays yours 📊 Across 721 simulated challenges: the $77 strike is typically first touched on day 3 of 5, at $78 (overshoots $0.97). 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 ⚠ $77 is $17 below CC-SS $94.04: 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 < $0.14/sh (~25% of the $0.55 collected) or spot ≥ $77.62 (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 $81.39 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $94.04, where you are whole again, by expiry) Starting unrealized P&L: $-39,280 + Fortress recovery (un-capped): +$37,240 − CC assignment net of premium (19 × $77): -$31,329 − Conservative CC assignment net of premium (1 × $90): -$394 Total Position P&L @ SS: $-33,763 (+$5,517 vs today) Do-nothing baseline at SS: $-9,918 (this trade vs do-nothing: $-23,845, the opportunity cost of earning $6,270/mo FIGHT income now) BB-reversion stress (→ $90.26 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$24,149, position total $-33,007 (+$6,273 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 20 × $75 | 24 Jul | 5d | 2.2% | 67% | 66% | +24pp | $2,100 | $12,600 | +$6,330 | $35,978 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 20 × $75 2.2% OTM over spot $73.35 24 Jul 2026 (5d, $1.12 mid) = $2,100 credit for the 5d cycle → $12,600/mo projected Survival (stays ≤ $75) 67% Breach risk 33% POP (stays ≤ $76.12) 77% EV / mo +$4,831 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +24pp 68% whole by 9mo vs 43% doing nothing FIRE DRILLS ~6.4/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $5,091/mo median; plan ~$3,462/mo after 68% keep · $28,793 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.5 mo [1.9-5.7], measured ONLY among the 68% 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) 48% Flat exit net (mid-life) -$857 Free roll-up +$0/wk Safest escape (by 14 Aug 2026) $88 @ 91% 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 2 of 5); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.09/sh now → $1.48 mid-life (likely $1.79–$2.77) → ≈ $0 at expiry | you banked $1.05/sh, so a flat mid-life exit nets -$0.43/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,452 simulated challenges: the $75 strike is typically first touched on day 2 of 5, at $76 (overshoots $1.03). 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 ⚠ $75 is $19 below CC-SS $94.04: 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 < $0.26/sh (~25% of the $1.05 collected) or spot ≥ $76.12 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $75)); NOT the premium you collected. Momentum override: two daily closes above $81.39 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $94.04, where you are whole again, by expiry) Starting unrealized P&L: $-39,280 + Fortress recovery (un-capped): +$37,240 − CC assignment net of premium (20 × $75): -$35,978 Total Position P&L @ SS: $-38,018 (+$1,262 vs today) Do-nothing baseline at SS: $-9,918 (this trade vs do-nothing: $-28,100, the opportunity cost of earning $12,600/mo FIGHT income now) BB-reversion stress (→ $90.26 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$28,420, position total $-37,262 (+$2,018 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (4 expiries scanned, 27 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: 0.900 (fallback) | Recovery@SS: +$37,240 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-9,918
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $77 | 5d | 24 Jul 2026 | $0.55 | 19/20 | $6,270 | $6,286 | 82% | 86% | +$3,352 | -$31,329 | 55.2% | $-33,763 (vs do-nothing $-23,845) |
| $76.50 | 5d | 24 Jul 2026 | $0.60 | 17/20 | $6,120 | $6,167 | 80% | 84% | +$3,019 | -$28,796 | 50.7% | $-32,018 (vs do-nothing $-22,100) |
| $76 | 5d | 24 Jul 2026 | $0.70 | 15/20 | $6,300 | $6,379 | 76% | 82% | +$2,731 | -$26,008 | 45.8% | $-30,018 (vs do-nothing $-20,100) |
| $75 | 5d | 24 Jul 2026 | $1.05 | 10/20 | $6,300 | $6,458 | 67% | 77% | +$2,416 | -$17,989 | 31.7% | $-23,968 (vs do-nothing $-14,050) |
| $76 | 19d | 7 Aug 2026 | $1.95 | 20/20 | $6,158 | $6,158 | 65% | 75% | +$1,447 | -$32,178 | 56.7% | $-34,218 (vs do-nothing $-24,300) |
| $75.50 | 19d | 7 Aug 2026 | $2.00 | 19/20 | $6,000 | $6,016 | 63% | 73% | +$1,049 | -$31,424 | 55.3% | $-33,858 (vs do-nothing $-23,940) |
| $75 | 19d | 7 Aug 2026 | $2.20 | 18/20 | $6,253 | $6,284 | 61% | 72% | +$1,069 | -$30,310 | 53.4% | $-33,138 (vs do-nothing $-23,220) |
| $75 | 26d | 14 Aug 2026 | $2.80 | 19/20 | $6,138 | $6,154 | 60% | 72% | +$1,281 | -$30,854 | 54.3% | $-33,288 (vs do-nothing $-23,370) |
| $74.50 | 19d | 7 Aug 2026 | $2.55 | 15/20 | $6,039 | $6,118 | 58% | 72% | +$1,273 | -$25,483 | 44.9% | $-29,493 (vs do-nothing $-19,575) |
| $74 | 5d | 24 Jul 2026 | $1.45 | 7/20 | $6,090 | $6,295 | 58% | 73% | +$1,880 | -$13,012 | 22.9% | $-20,173 (vs do-nothing $-10,255) |
| $74.50 | 26d | 14 Aug 2026 | $2.90 | 18/20 | $6,023 | $6,055 | 58% | 71% | +$960 | -$29,950 | 52.7% | $-32,778 (vs do-nothing $-22,860) |
| $74 | 19d | 7 Aug 2026 | $2.60 | 15/20 | $6,158 | $6,237 | 55% | 70% | +$907 | -$26,158 | 46.1% | $-30,168 (vs do-nothing $-20,250) |
| $74 | 26d | 14 Aug 2026 | $3.10 | 17/20 | $6,081 | $6,128 | 55% | 70% | +$876 | -$28,796 | 50.7% | $-32,018 (vs do-nothing $-22,100) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $73.50 | 26d | 14 Aug 2026 | $3.40 | 16/20 | $6,277 | $6,340 | 53% | 69% | +$955 | -$27,422 | 48.3% | $-31,038 (vs do-nothing $-21,120) |
| $73.50 | 19d | 7 Aug 2026 | $3.00 | 13/20 | $6,158 | $6,268 | 53% | 69% | +$1,153 | -$22,801 | 40.1% | $-27,598 (vs do-nothing $-17,680) |
| $73.50 | 12d | 31 Jul 2026 | $2.40 | 10/20 | $6,000 | $6,158 | 53% | 70% | +$1,162 | -$18,139 | 31.9% | $-24,118 (vs do-nothing $-14,200) |
| $73.50 | 5d | 24 Jul 2026 | $1.70 | 6/20 | $6,120 | $6,341 | 53% | 70% | +$1,715 | -$11,303 | 19.9% | $-18,858 (vs do-nothing $-8,940) |
| $73 | 26d | 14 Aug 2026 | $3.50 | 15/20 | $6,058 | $6,137 | 51% | 67% | +$648 | -$26,308 | 46.3% | $-30,318 (vs do-nothing $-20,400) |
| $73 | 19d | 7 Aug 2026 | $3.10 | 13/20 | $6,363 | $6,474 | 50% | 68% | +$868 | -$23,321 | 41.1% | $-28,118 (vs do-nothing $-18,200) |
| $73 | 12d | 31 Jul 2026 | $2.55 | 10/20 | $6,375 | $6,533 | 49% | 68% | +$919 | -$18,489 | 32.6% | $-24,468 (vs do-nothing $-14,550) |
| $72.50 | 26d | 14 Aug 2026 | $3.80 | 14/20 | $6,138 | $6,233 | 48% | 67% | +$676 | -$24,835 | 43.7% | $-29,238 (vs do-nothing $-19,320) |
| $72.50 | 19d | 7 Aug 2026 | $3.50 | 11/20 | $6,079 | $6,221 | 47% | 67% | +$985 | -$19,843 | 34.9% | $-25,428 (vs do-nothing $-15,510) |
| $73 | 5d | 24 Jul 2026 | $1.95 | 6/20 | $7,020 | $7,241 | 47% | 68% | +$1,709 | -$11,453 | 20.2% | $-19,008 (vs do-nothing $-9,090) |
| $72 | 26d | 14 Aug 2026 | $4.20 | 13/20 | $6,300 | $6,411 | 46% | 66% | +$823 | -$23,191 | 40.8% | $-27,988 (vs do-nothing $-18,070) |
| $72 | 19d | 7 Aug 2026 | $3.60 | 11/20 | $6,253 | $6,395 | 45% | 65% | +$683 | -$20,283 | 35.7% | $-25,868 (vs do-nothing $-15,950) |
| $72 | 12d | 31 Jul 2026 | $3.20 | 8/20 | $6,400 | $6,589 | 42% | 65% | +$927 | -$15,071 | 26.5% | $-21,838 (vs do-nothing $-11,920) |
| $72 | 5d | 24 Jul 2026 | $2.55 | 4/20 | $6,120 | $6,373 | 37% | 65% | +$1,151 | -$7,796 | 13.7% | $-16,138 (vs do-nothing $-6,220) |
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.