5 contracts (500 sh) | BE SS: $125.45 | CC-SS: $129.01 (banked floor $126.48) | IV: HIGH | Accounts: Neville:0865
| Max Loss | $50,225 | (ND $20.45 + SW $80) x 500 |
| Normal income ref | $5,410/mo | 95% ann ROI on ML |
| Hedge rolling cost | $267/mo | |
| Unrealized P&L | $-27,732 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 5 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 | 5 × $83 | 79% | $2,906 | $689 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▸ | cover hedge | 5 × $100 | 24 Jul | 8d | 33.3% | 98% | 5% | $75 | $281 | -$2,625 | $14,429 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $100 33.3% OTM over spot $75.04 24 Jul 2026 (8d, $0.18 mid) = $75 credit for the 8d cycle → $281/mo projected Survival (stays ≤ $100) 98% Breach risk 2% POP (stays ≤ $100.18) 98% EV / mo +$193 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.2 mo [1.8-5.3] median · 39% of paths whole by 9 mo (vs 38% without) · ~0.8 challenges expected · median CC cash $-444 🛡 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) 2% Flat exit net (mid-life) -$2,130 Free roll-up +$2/wk Safest escape (by 7 Aug 2026) $107 @ 74% POP 67% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 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: $6.23/sh now → $4.41 mid-life (likely $2.67–$4.89) → ≈ $0 at expiry | you banked $0.15/sh, so a flat mid-life exit nets -$4.26/sh | roll rows are incremental, the banked premium stays yours 📊 Across 54 simulated challenges: the $100 strike is typically first touched on day 7 of 8, at $102 (overshoots $2.43). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ⚠ $100 is $29 below CC-SS $129.01: 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 < $0.04/sh (~25% of the $0.15 collected) or spot ≥ $100.18 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $100)); NOT the premium you collected. Momentum override: two daily closes above $117.46 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $129.01, where you are whole again, by expiry) Starting unrealized P&L: $-27,732 + Fortress recovery (un-capped): +$27,847 − CC assignment net of premium (5 × $100): -$14,429 Total Position P&L @ SS: $-14,314 (+$13,418 vs today) Do-nothing baseline at SS: $-1,874 (this trade vs do-nothing: $-12,440, the opportunity cost of earning $281/mo FIGHT income now) BB-reversion stress (→ $97.02 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$0, position total $-16,391 (+$11,342 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 5 × $89 | 24 Jul | 8d | 18.6% | 90% | 20% | $315 | $1,181 | -$1,725 | $19,689 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $89 18.6% OTM over spot $75.04 24 Jul 2026 (8d, $0.70 mid) = $315 credit for the 8d cycle → $1,181/mo projected Survival (stays ≤ $89) 90% Breach risk 10% POP (stays ≤ $89.70) 91% EV / mo +$558 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.0 mo [1.7-4.9] median, 0.1 mo SLOWER than no FIGHT (2.9 mo): roll costs eat the credits at this rung · 40% of paths whole by 9 mo (vs 37% without) · ~3.7 challenges expected · median CC cash $2,730 🛡 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) 15% Flat exit net (mid-life) -$1,648 Free roll-up +$3/wk Safest escape (by 7 Aug 2026) $99 @ 79% POP 73% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 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: $5.55/sh now → $3.93 mid-life (likely $3.47–$5.47) → ≈ $0 at expiry | you banked $0.63/sh, so a flat mid-life exit nets -$3.30/sh | roll rows are incremental, the banked premium stays yours 📊 Across 451 simulated challenges: the $89 strike is typically first touched on day 5 of 8, at $91 (overshoots $2.37). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ⚠ $89 is $40 below CC-SS $129.01: 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 < $0.16/sh (~25% of the $0.63 collected) or spot ≥ $89.70 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $89)); NOT the premium you collected. Momentum override: two daily closes above $117.46 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $129.01, where you are whole again, by expiry) Starting unrealized P&L: $-27,732 + Fortress recovery (un-capped): +$27,847 − CC assignment net of premium (5 × $89): -$19,689 Total Position P&L @ SS: $-19,574 (+$8,158 vs today) Do-nothing baseline at SS: $-1,874 (this trade vs do-nothing: $-17,700, the opportunity cost of earning $1,181/mo FIGHT income now) BB-reversion stress (→ $97.02 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$3,695, position total $-20,086 (+$7,647 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 5 × $86 | 24 Jul | 8d | 14.6% | 85% | 30% | $500 | $1,875 | -$1,031 | $21,004 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $86 14.6% OTM over spot $75.04 24 Jul 2026 (8d, $1.07 mid) = $500 credit for the 8d cycle → $1,875/mo projected Survival (stays ≤ $86) 85% Breach risk 15% POP (stays ≤ $87.08) 87% EV / mo +$795 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.4 mo [1.8-5.4] median, 0.2 mo faster than no FIGHT (3.6 mo) · 40% of paths whole by 9 mo (vs 34% without) · ~6.1 challenges expected · median CC cash $4,864 🛡 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) 22% Flat exit net (mid-life) -$1,396 Free roll-up +$3/wk Safest escape (by 7 Aug 2026) $98 @ 81% POP 77% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 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: $5.36/sh now → $3.79 mid-life (likely $3.59–$5.87) → ≈ $0 at expiry | you banked $1.00/sh, so a flat mid-life exit nets -$2.79/sh | roll rows are incremental, the banked premium stays yours 📊 Across 669 simulated challenges: the $86 strike is typically first touched on day 5 of 8, at $88 (overshoots $2.45). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ⚠ $86 is $43 below CC-SS $129.01: 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 < $0.25/sh (~25% of the $1.00 collected) or spot ≥ $87.08 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $86)); NOT the premium you collected. Momentum override: two daily closes above $117.46 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $129.01, where you are whole again, by expiry) Starting unrealized P&L: $-27,732 + Fortress recovery (un-capped): +$27,847 − CC assignment net of premium (5 × $86): -$21,004 Total Position P&L @ SS: $-20,889 (+$6,843 vs today) Do-nothing baseline at SS: $-1,874 (this trade vs do-nothing: $-19,015, the opportunity cost of earning $1,875/mo FIGHT income now) BB-reversion stress (→ $97.02 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$5,010, position total $-21,401 (+$6,332 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 5 × $83 | 24 Jul | 8d | 10.6% | 79% | 32% | $775 | $2,906 | — | $22,229 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $83 10.6% OTM over spot $75.04 24 Jul 2026 (8d, $1.64 mid) = $775 credit for the 8d cycle → $2,906/mo projected Survival (stays ≤ $83) 79% Breach risk 21% POP (stays ≤ $84.64) 83% EV / mo +$1,057 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.2 mo [1.8-5.2] median · 46% of paths whole by 9 mo (vs 36% without) · ~8.8 challenges expected · median CC cash $6,637 🛡 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) -$1,055 Free roll-up +$3/wk Safest escape (by 7 Aug 2026) $98 @ 84% POP 81% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 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: $5.17/sh now → $3.66 mid-life (likely $3.76–$5.83) → ≈ $0 at expiry | you banked $1.55/sh, so a flat mid-life exit nets -$2.11/sh | roll rows are incremental, the banked premium stays yours 📊 Across 969 simulated challenges: the $83 strike is typically first touched on day 4 of 8, at $85 (overshoots $2.21). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 $46 below CC-SS $129.01: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.39/sh (~25% of the $1.55 collected) or spot ≥ $84.64 (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 $117.46 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $129.01, where you are whole again, by expiry) Starting unrealized P&L: $-27,732 + Fortress recovery (un-capped): +$27,847 − CC assignment net of premium (5 × $83): -$22,229 Total Position P&L @ SS: $-22,114 (+$5,618 vs today) Do-nothing baseline at SS: $-1,874 (this trade vs do-nothing: $-20,240, the opportunity cost of earning $2,906/mo FIGHT income now) BB-reversion stress (→ $97.02 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$6,235, position total $-22,626 (+$5,107 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 5 × $78 | 24 Jul | 8d | 3.9% | 64% | 76% | $1,485 | $5,569 | +$2,662 | $24,019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $78 3.9% OTM over spot $75.04 24 Jul 2026 (8d, $3.19 mid) = $1,485 credit for the 8d cycle → $5,569/mo projected Survival (stays ≤ $78) 64% Breach risk 36% POP (stays ≤ $81.19) 74% EV / mo +$1,333 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.3 mo [1.7-5.0] median, 0.2 mo SLOWER than no FIGHT (3.1 mo): roll costs eat the credits at this rung · 49% of paths whole by 9 mo (vs 37% without) · ~19.6 challenges expected · median CC cash $9,613 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 62% Flat exit net (mid-life) -$235 Free roll-up +$3/wk Safest escape (by 7 Aug 2026) $103 @ 92% POP 91% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 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: $4.86/sh now → $3.44 mid-life (likely $4.40–$6.23) → ≈ $0 at expiry | you banked $2.97/sh, so a flat mid-life exit nets -$0.47/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,859 simulated challenges: the $78 strike is typically first touched on day 3 of 8, at $80 (overshoots $2.23). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 $51 below CC-SS $129.01: 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 < $0.74/sh (~25% of the $2.97 collected) or spot ≥ $81.19 (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 $117.46 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $129.01, where you are whole again, by expiry) Starting unrealized P&L: $-27,732 + Fortress recovery (un-capped): +$27,847 − CC assignment net of premium (5 × $78): -$24,019 Total Position P&L @ SS: $-23,904 (+$3,828 vs today) Do-nothing baseline at SS: $-1,874 (this trade vs do-nothing: $-22,030, the opportunity cost of earning $5,569/mo FIGHT income now) BB-reversion stress (→ $97.02 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$8,025, position total $-24,416 (+$3,317 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 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: 1.032 (IBKR) | Recovery@SS: +$27,847 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-1,874
| 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 | 8d | 24 Jul 2026 | $1.55 | 5/5 | $2,906 | $2,639 | 79% | 83% | +$1,057 | -$22,229 | 217.4% | $-22,114 (vs do-nothing $-20,240) |
| $82 | 8d | 24 Jul 2026 | $1.78 | 5/5 | $3,338 | $3,070 | 76% | 81% | +$1,138 | -$22,614 | 221.2% | $-22,499 (vs do-nothing $-20,625) |
| $81 | 8d | 24 Jul 2026 | $2.03 | 4/5 | $3,045 | $2,784 | 73% | 79% | +$959 | -$18,391 | 179.9% | $-18,674 (vs do-nothing $-16,800) |
| $83 | 15d | 31 Jul 2026 | $2.85 | 5/5 | $2,850 | $2,583 | 73% | 79% | +$726 | -$21,579 | 211.0% | $-21,464 (vs do-nothing $-19,590) |
| $82 | 15d | 31 Jul 2026 | $3.00 | 5/5 | $3,000 | $2,733 | 71% | 78% | +$618 | -$22,004 | 215.2% | $-21,889 (vs do-nothing $-20,015) |
| $80 | 8d | 24 Jul 2026 | $2.36 | 4/5 | $3,540 | $3,279 | 70% | 78% | +$1,077 | -$18,659 | 182.5% | $-18,942 (vs do-nothing $-17,068) |
| $81 | 15d | 31 Jul 2026 | $3.10 | 5/5 | $3,100 | $2,833 | 69% | 77% | +$475 | -$22,454 | 219.6% | $-22,339 (vs do-nothing $-20,465) |
| $82 | 22d | 7 Aug 2026 | $4.10 | 5/5 | $2,795 | $2,528 | 69% | 77% | +$380 | -$21,454 | 209.8% | $-21,339 (vs do-nothing $-19,465) |
| $79 | 8d | 24 Jul 2026 | $2.62 | 3/5 | $2,948 | $2,692 | 67% | 76% | +$776 | -$14,216 | 139.0% | $-14,897 (vs do-nothing $-13,023) |
| $81 | 22d | 7 Aug 2026 | $4.45 | 5/5 | $3,034 | $2,767 | 67% | 76% | +$410 | -$21,779 | 213.0% | $-21,664 (vs do-nothing $-19,790) |
| $80 | 15d | 31 Jul 2026 | $3.55 | 4/5 | $2,840 | $2,579 | 67% | 75% | +$461 | -$18,183 | 177.8% | $-18,466 (vs do-nothing $-16,592) |
| $80 | 22d | 7 Aug 2026 | $4.70 | 5/5 | $3,205 | $2,937 | 65% | 75% | +$356 | -$22,154 | 216.7% | $-22,039 (vs do-nothing $-20,165) |
| $79 | 15d | 31 Jul 2026 | $3.70 | 4/5 | $2,960 | $2,699 | 64% | 74% | +$351 | -$18,523 | 181.2% | $-18,806 (vs do-nothing $-16,932) |
| 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 | 8d | 24 Jul 2026 | $2.97 | 3/5 | $3,341 | $3,086 | 64% | 74% | +$800 | -$14,411 | 140.9% | $-15,092 (vs do-nothing $-13,218) |
| $79 | 22d | 7 Aug 2026 | $5.15 | 4/5 | $2,809 | $2,548 | 63% | 74% | +$339 | -$17,943 | 175.5% | $-18,226 (vs do-nothing $-16,352) |
| $78 | 15d | 31 Jul 2026 | $4.35 | 4/5 | $3,480 | $3,219 | 62% | 73% | +$583 | -$18,663 | 182.5% | $-18,946 (vs do-nothing $-17,072) |
| $78 | 22d | 7 Aug 2026 | $5.50 | 4/5 | $3,000 | $2,739 | 61% | 73% | +$325 | -$18,203 | 178.0% | $-18,486 (vs do-nothing $-16,612) |
| $77 | 8d | 24 Jul 2026 | $3.35 | 3/5 | $3,769 | $3,514 | 60% | 72% | +$810 | -$14,597 | 142.8% | $-15,278 (vs do-nothing $-13,404) |
| $77 | 15d | 31 Jul 2026 | $4.55 | 3/5 | $2,730 | $2,475 | 59% | 72% | +$324 | -$14,237 | 139.2% | $-14,918 (vs do-nothing $-13,044) |
| $77 | 22d | 7 Aug 2026 | $5.85 | 4/5 | $3,191 | $2,930 | 59% | 72% | +$297 | -$18,463 | 180.6% | $-18,746 (vs do-nothing $-16,872) |
| $76 | 22d | 7 Aug 2026 | $6.20 | 4/5 | $3,382 | $3,121 | 57% | 71% | +$256 | -$18,723 | 183.1% | $-19,006 (vs do-nothing $-17,132) |
| $76 | 15d | 31 Jul 2026 | $5.00 | 3/5 | $3,000 | $2,745 | 56% | 70% | +$341 | -$14,402 | 140.9% | $-15,083 (vs do-nothing $-13,209) |
| $76 | 8d | 24 Jul 2026 | $3.60 | 3/5 | $4,050 | $3,795 | 56% | 70% | +$623 | -$14,822 | 145.0% | $-15,503 (vs do-nothing $-13,629) |
| $75 | 22d | 7 Aug 2026 | $6.80 | 3/5 | $2,782 | $2,527 | 55% | 70% | +$252 | -$14,162 | 138.5% | $-14,843 (vs do-nothing $-12,969) |
| $75 | 15d | 31 Jul 2026 | $5.45 | 3/5 | $3,270 | $3,015 | 54% | 69% | +$292 | -$14,567 | 142.5% | $-15,248 (vs do-nothing $-13,374) |
| $75 | 8d | 24 Jul 2026 | $4.25 | 2/5 | $3,188 | $2,938 | 53% | 69% | +$556 | -$9,951 | 97.3% | $-11,030 (vs do-nothing $-9,156) |
| $74 | 8d | 24 Jul 2026 | $4.70 | 2/5 | $3,525 | $3,276 | 49% | 67% | +$512 | -$10,061 | 98.4% | $-11,140 (vs do-nothing $-9,266) |
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 5 contracts at the conservative CC.