20 contracts (2,000 sh) | BE SS: $93.40 | CC-SS: $95.03 (banked floor $94.37) | IV: HIGH | Accounts: Joint:1782
| Max Loss | $100,800 | (ND $28.40 + SW $22) x 2000 |
| Normal income ref | $10,286/mo | 95% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $1,336/mo (info only, already in marks) |
| Unrealized P&L | $-30,700 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 20x $80.5C 31 Jul 2026 | U6241782 | $0.58 | $1,166 | 2026-07-28 |
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 🏆 | 7 Aug 2026 · 7d | 15 × $82 | 71% | $5,143 | $-1,843 |
| 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 × $87 | 7 Aug | 7d | 9.8% | 92%hist 100% | 17%hist 5% | +0pp | $100 | $429 | -$4,714 | $15,966 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 20 × $87 9.8% OTM over spot $79.20 7 Aug 2026 (7d, $0.40 mid) = $100 credit for the 7d cycle → $429/mo projected Survival (stays ≤ $87) 92% Breach risk 8% POP (stays ≤ $87.40) 92% EV / mo $-617 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +0pp 62% whole by 9mo vs 62% doing nothing FIRE DRILLS ~0.9/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $441/mo median; plan ~$300/mo after 68% keep · $2,314 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~2.1 mo [1.0-4.1], measured ONLY among the 62% 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) 12% Flat exit net (mid-life) -$4,964 Free roll-up none Safest escape (by 28 Aug 2026) $91 @ 73% POP 65% survival Roll menuyour doors if the call gets challenged; each row = buy back the 20 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.58/sh now → $2.53 mid-life (likely $2.19–$3.64) → ≈ $0 at expiry | you banked $0.05/sh, so a flat mid-life exit nets -$2.48/sh | roll rows are incremental, the banked premium stays yours 📊 Across 357 simulated challenges: the $87 strike is typically first touched on day 5 of 7, at $88 (overshoots $1.40). 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 ⚠ $87 is $8 below CC-SS $95.03: 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 < $0.01/sh (~25% of the $0.05 collected) or spot ≥ $87.40 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $87)); NOT the premium you collected. Momentum override: two daily closes above $81.02 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.95 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $95.03, where you are whole again, by expiry) Starting unrealized P&L: $-30,700 + Fortress recovery (un-capped): +$30,146 − CC assignment net of premium (20 × $87): -$15,966 Total Position P&L @ SS: $-16,520 (+$14,180 vs today) Do-nothing baseline at SS: $-4,320 (this trade vs do-nothing: $-12,200, the opportunity cost of earning $429/mo FIGHT income now) BB-reversion stress (→ $90.23 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$6,360, position total $-16,059 (+$14,641 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 18 × $83 | 7 Aug | 7d | 4.8% | 76%hist 96% | 48%hist 28% | +4pp | $810 | $3,471 | -$1,671 | $20,850 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 18 × $83 4.8% OTM over spot $79.20 7 Aug 2026 (7d, $0.82 mid) = $810 credit for the 7d cycle → $3,471/mo projected Survival (stays ≤ $83) 76% Breach risk 24% POP (stays ≤ $83.83) 80% EV / mo $-921 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +4pp 69% whole by 9mo vs 65% doing nothing FIRE DRILLS ~2.5/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $1,794/mo median; plan ~$1,220/mo after 68% keep · $5,901 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.7 mo [0.9-3.2], measured ONLY among the 69% 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) 36% Flat exit net (mid-life) -$3,337 Free roll-up none Safest escape (by 28 Aug 2026) $88 @ 75% POP 69% survival Roll menuyour doors if the call gets challenged; each row = buy back the 18 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.26/sh now → $2.30 mid-life (likely $2.47–$3.75) → ≈ $0 at expiry | you banked $0.45/sh, so a flat mid-life exit nets -$1.85/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,089 simulated challenges: the $83 strike is typically first touched on day 4 of 7, at $84 (overshoots $1.19). 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 ⚠ $83 is $12 below CC-SS $95.03: 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 < $0.11/sh (~25% of the $0.45 collected) or spot ≥ $83.83 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $83)); NOT the premium you collected. Momentum override: two daily closes above $81.02 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.95 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $95.03, where you are whole again, by expiry) Starting unrealized P&L: $-30,700 + Fortress recovery (un-capped): +$30,146 − CC assignment net of premium (18 × $83): -$20,850 − Conservative CC assignment net of premium (2 × $93): -$377 Total Position P&L @ SS: $-21,780 (+$8,920 vs today) Do-nothing baseline at SS: $-4,320 (this trade vs do-nothing: $-17,460, the opportunity cost of earning $3,471/mo FIGHT income now) BB-reversion stress (→ $90.23 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$12,204, position total $-21,873 (+$8,827 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 15 × $82 | 7 Aug | 7d | 3.5% | 71%hist 96% | 60%hist 51% | +8pp | $1,200 | $5,143 | — | $18,350 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 15 × $82 3.5% OTM over spot $79.20 7 Aug 2026 (7d, $1.00 mid) = $1,200 credit for the 7d cycle → $5,143/mo projected Survival (stays ≤ $82) 71% Breach risk 29% POP (stays ≤ $83.00) 76% EV / mo $-1 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +8pp 68% whole by 9mo vs 61% doing nothing FIRE DRILLS ~3.5/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $2,357/mo median; plan ~$1,603/mo after 68% keep · $8,655 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.9 mo [1.0-3.7], 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) 46% Flat exit net (mid-life) -$2,173 Free roll-up none Safest escape (by 28 Aug 2026) $89 @ 79% POP 76% 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 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.18/sh now → $2.25 mid-life (likely $2.58–$3.91) → ≈ $0 at expiry | you banked $0.80/sh, so a flat mid-life exit nets -$1.45/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,369 simulated challenges: the $82 strike is typically first touched on day 3 of 7, at $83 (overshoots $1.27). 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 ⚠ $82 is $13 below CC-SS $95.03: 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 ≥ $83.00 (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 $81.02 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.95 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $95.03, where you are whole again, by expiry) Starting unrealized P&L: $-30,700 + Fortress recovery (un-capped): +$30,146 − CC assignment net of premium (15 × $82): -$18,350 − Conservative CC assignment net of premium (5 × $93): -$942 Total Position P&L @ SS: $-19,845 (+$10,855 vs today) Do-nothing baseline at SS: $-4,320 (this trade vs do-nothing: $-15,525, the opportunity cost of earning $5,143/mo FIGHT income now) BB-reversion stress (→ $90.23 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$11,145, position total $-20,769 (+$9,931 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 20 × $80.50 | 7 Aug | 7d | 1.6% | 61%hist 80% | 81%hist 80% | +14pp | $2,400 | $10,286 | +$5,143 | $26,666 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 20 × $80.50 1.6% OTM over spot $79.20 7 Aug 2026 (7d, $1.57 mid) = $2,400 credit for the 7d cycle → $10,286/mo projected Survival (stays ≤ $80.50) 61% Breach risk 39% POP (stays ≤ $82.08) 71% EV / mo $-684 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +14pp 74% whole by 9mo vs 60% doing nothing FIRE DRILLS ~5.5/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $3,736/mo median; plan ~$2,541/mo after 68% keep · $13,501 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~2.0 mo [1.0-4.1], measured ONLY among the 74% 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) 63% Flat exit net (mid-life) -$1,933 Free roll-up none Safest escape (by 28 Aug 2026) $87 @ 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 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.06/sh now → $2.17 mid-life (likely $2.89–$4.14) → ≈ $0 at expiry | you banked $1.20/sh, so a flat mid-life exit nets -$0.97/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,897 simulated challenges: the $80 strike is typically first touched on day 2 of 7, at $82 (overshoots $1.33). 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 $15 below CC-SS $95.03: 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 < $0.30/sh (~25% of the $1.20 collected) or spot ≥ $82.08 (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 $81.02 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.95 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $95.03, where you are whole again, by expiry) Starting unrealized P&L: $-30,700 + Fortress recovery (un-capped): +$30,146 − CC assignment net of premium (20 × $80.50): -$26,666 Total Position P&L @ SS: $-27,220 (+$3,480 vs today) Do-nothing baseline at SS: $-4,320 (this trade vs do-nothing: $-22,900, the opportunity cost of earning $10,286/mo FIGHT income now) BB-reversion stress (→ $90.23 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$17,060, position total $-26,759 (+$3,941 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (4 expiries scanned, 37 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: 0.952 (IBKR) | Recovery@SS: +$30,146 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-4,320
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $83 | 14d | 14 Aug 2026 | $1.25 | 20/20 | $5,357 | $5,357 | 71% | 78% | +$461 | -$21,566 | 38.0% | $-22,120 (vs do-nothing $-17,800) |
| $82 | 7d | 7 Aug 2026 | $0.80 | 15/20 | $5,143 | $5,250 | 71% | 76% | $-1 | -$18,350 | 32.3% | $-19,845 (vs do-nothing $-15,525) |
| $81.50 | 7d | 7 Aug 2026 | $0.75 | 16/20 | $5,143 | $5,229 | 67% | 75% | $-1,310 | -$20,453 | 36.0% | $-21,760 (vs do-nothing $-17,440) |
| $82 | 14d | 14 Aug 2026 | $1.55 | 16/20 | $5,314 | $5,400 | 66% | 75% | +$395 | -$18,373 | 32.3% | $-19,680 (vs do-nothing $-15,360) |
| $81 | 7d | 7 Aug 2026 | $1.00 | 12/20 | $5,143 | $5,314 | 64% | 73% | $-517 | -$15,640 | 27.5% | $-17,700 (vs do-nothing $-13,380) |
| $82 | 21d | 21 Aug 2026 | $2.05 | 18/20 | $5,271 | $5,314 | 64% | 73% | +$174 | -$19,770 | 34.8% | $-20,700 (vs do-nothing $-16,380) |
| $81.50 | 14d | 14 Aug 2026 | $1.70 | 15/20 | $5,464 | $5,571 | 64% | 74% | +$315 | -$17,750 | 31.2% | $-19,245 (vs do-nothing $-14,925) |
| $82 | 28d | 28 Aug 2026 | $2.45 | 20/20 | $5,250 | $5,250 | 63% | 73% | +$199 | -$21,166 | 37.3% | $-21,720 (vs do-nothing $-17,400) |
| $81.50 | 21d | 21 Aug 2026 | $2.25 | 16/20 | $5,143 | $5,229 | 62% | 72% | +$205 | -$18,053 | 31.8% | $-19,360 (vs do-nothing $-15,040) |
| $81.50 | 28d | 28 Aug 2026 | $2.70 | 18/20 | $5,207 | $5,250 | 61% | 72% | +$307 | -$19,500 | 34.3% | $-20,430 (vs do-nothing $-16,110) |
| $81 | 14d | 14 Aug 2026 | $1.70 | 15/20 | $5,464 | $5,571 | 61% | 72% | $-269 | -$18,500 | 32.6% | $-19,995 (vs do-nothing $-15,675) |
| $80.50 | 7d | 7 Aug 2026 | $1.20 | 10/20 | $5,143 | $5,357 | 61% | 71% | $-342 | -$13,333 | 23.5% | $-15,770 (vs do-nothing $-11,450) |
| $81 | 21d | 21 Aug 2026 | $2.40 | 15/20 | $5,143 | $5,250 | 60% | 71% | +$107 | -$17,450 | 30.7% | $-18,945 (vs do-nothing $-14,625) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $81 | 28d | 28 Aug 2026 | $2.90 | 17/20 | $5,282 | $5,346 | 59% | 71% | +$300 | -$18,926 | 33.3% | $-20,045 (vs do-nothing $-15,725) |
| $80.50 | 14d | 14 Aug 2026 | $2.00 | 12/20 | $5,143 | $5,314 | 59% | 72% | +$50 | -$15,040 | 26.5% | $-17,100 (vs do-nothing $-12,780) |
| $80.50 | 21d | 21 Aug 2026 | $2.60 | 14/20 | $5,200 | $5,329 | 58% | 70% | +$97 | -$16,706 | 29.4% | $-18,390 (vs do-nothing $-14,070) |
| $80.50 | 28d | 28 Aug 2026 | $3.00 | 16/20 | $5,143 | $5,229 | 58% | 70% | +$102 | -$18,453 | 32.5% | $-19,760 (vs do-nothing $-15,440) |
| $80 | 7d | 7 Aug 2026 | $1.35 | 9/20 | $5,207 | $5,443 | 57% | 69% | $-501 | -$12,315 | 21.7% | $-14,940 (vs do-nothing $-10,620) |
| $80 | 14d | 14 Aug 2026 | $2.20 | 11/20 | $5,186 | $5,379 | 56% | 69% | +$17 | -$14,116 | 24.9% | $-16,365 (vs do-nothing $-12,045) |
| $80 | 21d | 21 Aug 2026 | $2.80 | 13/20 | $5,200 | $5,350 | 56% | 69% | +$64 | -$15,903 | 28.0% | $-17,775 (vs do-nothing $-13,455) |
| $80 | 28d | 28 Aug 2026 | $3.30 | 15/20 | $5,304 | $5,411 | 56% | 69% | +$230 | -$17,600 | 31.0% | $-19,095 (vs do-nothing $-14,775) |
| $79.50 | 28d | 28 Aug 2026 | $3.50 | 14/20 | $5,250 | $5,379 | 54% | 68% | +$173 | -$16,846 | 29.7% | $-18,530 (vs do-nothing $-14,210) |
| $79.50 | 21d | 21 Aug 2026 | $3.00 | 12/20 | $5,143 | $5,314 | 54% | 68% | +$14 | -$15,040 | 26.5% | $-17,100 (vs do-nothing $-12,780) |
| $79.50 | 7d | 7 Aug 2026 | $1.45 | 9/20 | $5,593 | $5,829 | 54% | 68% | $-969 | -$12,675 | 22.3% | $-15,300 (vs do-nothing $-10,980) |
| $79.50 | 14d | 14 Aug 2026 | $2.40 | 10/20 | $5,143 | $5,357 | 53% | 70% | $-45 | -$13,133 | 23.1% | $-15,570 (vs do-nothing $-11,250) |
| $79 | 28d | 28 Aug 2026 | $3.70 | 13/20 | $5,154 | $5,304 | 52% | 68% | +$105 | -$16,033 | 28.2% | $-17,905 (vs do-nothing $-13,585) |
| $79 | 21d | 21 Aug 2026 | $3.20 | 12/20 | $5,486 | $5,657 | 51% | 67% | $-52 | -$15,400 | 27.1% | $-17,460 (vs do-nothing $-13,140) |
| $79 | 14d | 14 Aug 2026 | $2.60 | 10/20 | $5,571 | $5,786 | 51% | 67% | $-140 | -$13,433 | 23.6% | $-15,870 (vs do-nothing $-11,550) |
| $78.50 | 28d | 28 Aug 2026 | $3.80 | 13/20 | $5,293 | $5,443 | 50% | 66% | $-105 | -$16,553 | 29.1% | $-18,425 (vs do-nothing $-14,105) |
| $79 | 7d | 7 Aug 2026 | $1.70 | 8/20 | $5,829 | $6,086 | 50% | 67% | $-838 | -$11,466 | 20.2% | $-14,280 (vs do-nothing $-9,960) |
| $78.50 | 21d | 21 Aug 2026 | $3.30 | 11/20 | $5,186 | $5,379 | 49% | 65% | $-286 | -$14,556 | 25.6% | $-16,805 (vs do-nothing $-12,485) |
| $78.50 | 14d | 14 Aug 2026 | $2.70 | 9/20 | $5,207 | $5,443 | 48% | 66% | $-435 | -$12,450 | 21.9% | $-15,075 (vs do-nothing $-10,755) |
| $78 | 28d | 28 Aug 2026 | $4.20 | 12/20 | $5,400 | $5,571 | 48% | 66% | +$79 | -$15,400 | 27.1% | $-17,460 (vs do-nothing $-13,140) |
| $78 | 21d | 21 Aug 2026 | $3.70 | 10/20 | $5,286 | $5,500 | 47% | 65% | $-66 | -$13,333 | 23.5% | $-15,770 (vs do-nothing $-11,450) |
| $78.50 | 7d | 7 Aug 2026 | $1.95 | 7/20 | $5,850 | $6,129 | 46% | 64% | $-779 | -$10,208 | 18.0% | $-13,210 (vs do-nothing $-8,890) |
| $78 | 14d | 14 Aug 2026 | $3.00 | 8/20 | $5,143 | $5,400 | 46% | 64% | $-346 | -$11,226 | 19.8% | $-14,040 (vs do-nothing $-9,720) |
| $78 | 7d | 7 Aug 2026 | $2.20 | 6/20 | $5,657 | $5,957 | 43% | 63% | $-764 | -$8,900 | 15.7% | $-12,090 (vs do-nothing $-7,770) |
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%). Survival, POP and touch use vol x 1.00 (raw implied: the VRP haircut is applied to the premium edge but NOT to risk, because understating the edge costs opportunity while understating breach odds costs capital; the risk-side haircut arms only from the graded ledger). 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.