5 of 10 contracts (500 sh uncapped) | BE SS: $456.00 | CC-SS: $467.98 | IV: LOW | Accounts: Main:1299
| Max Loss | $128,000 | (ND $136.00 + SW $120) x 500 |
| Normal income ref | $11,727/mo | 45% ann ROI on ML |
| Hedge rolling cost | $537/mo | |
| Unrealized P&L | $-61,085 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 5x $390C 17 Jul 2026 | U10001299 | $1.35 | $676 | 2026-07-10 |
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 |
|---|---|---|---|---|---|
| THIS FRIDAY 🏆 | 17 Jul 2026 · 4d | 5 × $383 | 91% | $7,050 | $3,795 |
| NEXT FRIDAY | 24 Jul 2026 · 11d | 5 × $381 | 74% | $5,932 | $1,821 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 5 × $396 | 17 Jul | 4d | 6.2% | 99+% | 0% | $75 | $562 | -$6,488 | $35,916 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $396 6.2% OTM over spot $372.80 17 Jul 2026 (4d, $0.21 mid) = $75 credit for the 4d cycle → $562/mo projected Survival (stays ≤ $396) 99+% Breach risk 0% POP (stays ≤ $396.20) 99+% EV / mo +$560 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 6.8 mo [6.2-7.6] median · 5% of paths whole by 9 mo (vs 5% without) · ~0.2 challenges expected · median CC cash $-4,416 🛡 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) 1% Flat exit net (mid-life) -$3,236 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $406 @ 81% POP 71% 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 2 of 4); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $9.36/sh now → $6.62 mid-life → ≈ $0 at expiry | you banked $0.15/sh, so a flat mid-life exit nets -$6.47/sh | roll rows are incremental, the banked premium stays yours
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 ⚠ $396 is $72 below CC-SS $467.98: 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 ≥ $396.20 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $396)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $467.98, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$42,832 − CC assignment net of premium (5 × $396): -$35,916 Total Position P&L @ SS: $-54,169 (+$6,916 vs today) Do-nothing baseline at SS: $-24,739 (this trade vs do-nothing: $-29,430, the opportunity cost of earning $562/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 5 × $386 | 17 Jul | 4d | 3.5% | 96% | 9% | $575 | $4,312 | -$2,738 | $40,416 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $386 3.5% OTM over spot $372.80 17 Jul 2026 (4d, $1.23 mid) = $575 credit for the 4d cycle → $4,312/mo projected Survival (stays ≤ $386) 96% Breach risk 4% POP (stays ≤ $387.24) 97% EV / mo +$4,112 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 7.4 mo [6.8-8.2] median, 0.1 mo SLOWER than no FIGHT (7.4 mo): roll costs eat the credits at this rung · 5% of paths whole by 9 mo (vs 4% without) · ~3.6 challenges expected · median CC cash $3,778 🛡 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) 7% Flat exit net (mid-life) -$2,480 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $397 @ 82% POP 74% 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 2 of 4); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $8.64/sh now → $6.11 mid-life (likely $5.35–$10.16) → ≈ $0 at expiry | you banked $1.15/sh, so a flat mid-life exit nets -$4.96/sh | roll rows are incremental, the banked premium stays yours 📊 Across 210 simulated challenges: the $386 strike is typically first touched on day 3 of 4, at $389 (overshoots $2.64). 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 ⚠ $386 is $82 below CC-SS $467.98: 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 < $0.29/sh (~25% of the $1.15 collected) or spot ≥ $387.24 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $386)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $467.98, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$42,832 − CC assignment net of premium (5 × $386): -$40,416 Total Position P&L @ SS: $-58,669 (+$2,416 vs today) Do-nothing baseline at SS: $-24,739 (this trade vs do-nothing: $-33,930, the opportunity cost of earning $4,312/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 5 × $383 | 17 Jul | 4d | 2.7% | 91% | 15% | $940 | $7,050 | — | $41,551 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $383 2.7% OTM over spot $372.80 17 Jul 2026 (4d, $2.01 mid) = $940 credit for the 4d cycle → $7,050/mo projected Survival (stays ≤ $383) 91% Breach risk 9% POP (stays ≤ $385.01) 94% EV / mo +$6,375 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 7.0 mo [5.2-8.0] median, 0.9 mo SLOWER than no FIGHT (6.1 mo): roll costs eat the credits at this rung · 14% of paths whole by 9 mo (vs 5% without) · ~8.5 challenges expected · median CC cash $14,273 🛡 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) -$2,040 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $397 @ 84% POP 79% 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 2 of 4); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $8.43/sh now → $5.96 mid-life (likely $5.50–$10.07) → ≈ $0 at expiry | you banked $1.88/sh, so a flat mid-life exit nets -$4.08/sh | roll rows are incremental, the banked premium stays yours 📊 Across 437 simulated challenges: the $383 strike is typically first touched on day 3 of 4, at $385 (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 +0.5 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 ⚠ $383 is $85 below CC-SS $467.98: 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 < $0.47/sh (~25% of the $1.88 collected) or spot ≥ $385.01 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $383)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $467.98, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$42,832 − CC assignment net of premium (5 × $383): -$41,551 Total Position P&L @ SS: $-59,804 (+$1,281 vs today) Do-nothing baseline at SS: $-24,739 (this trade vs do-nothing: $-35,065, the opportunity cost of earning $7,050/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 5 × $379 | 17 Jul | 4d | 1.7% | 78% | 44% | $1,675 | $12,562 | +$5,512 | $42,816 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $379 1.7% OTM over spot $372.80 17 Jul 2026 (4d, $3.58 mid) = $1,675 credit for the 4d cycle → $12,562/mo projected Survival (stays ≤ $379) 78% Breach risk 22% POP (stays ≤ $382.57) 89% EV / mo +$10,006 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 6.4 mo [4.8-7.7] median, 0.5 mo faster than no FIGHT (6.9 mo) · 24% of paths whole by 9 mo (vs 6% without) · ~20.1 challenges expected · median CC cash $33,955 🛡 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) 33% Flat exit net (mid-life) -$1,206 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $398 @ 89% POP 86% 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 2 of 4); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $8.15/sh now → $5.76 mid-life (likely $6.18–$10.46) → ≈ $0 at expiry | you banked $3.35/sh, so a flat mid-life exit nets -$2.41/sh | roll rows are incremental, the banked premium stays yours 📊 Across 978 simulated challenges: the $379 strike is typically first touched on day 2 of 4, at $381 (overshoots $2.44). 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 ⚠ $379 is $89 below CC-SS $467.98: 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 < $0.84/sh (~25% of the $3.35 collected) or spot ≥ $382.57 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $379)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $467.98, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$42,832 − CC assignment net of premium (5 × $379): -$42,816 Total Position P&L @ SS: $-61,069 (+$16 vs today) Do-nothing baseline at SS: $-24,739 (this trade vs do-nothing: $-36,330, the opportunity cost of earning $12,562/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 5 × $402 | 24 Jul | 11d | 7.8% | 98% | 4% | $205 | $559 | -$5,373 | $32,786 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $402 7.8% OTM over spot $372.80 24 Jul 2026 (11d, $0.48 mid) = $205 credit for the 11d cycle → $559/mo projected Survival (stays ≤ $402) 98% Breach risk 2% POP (stays ≤ $402.48) 98% EV / mo +$514 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.4 mo [4.2-7.6] median · 8% of paths whole by 9 mo (vs 7% without) · ~0.7 challenges expected · median CC cash $-2,269 🛡 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) -$4,144 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $407 @ 78% POP 62% 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 5 of 11); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $12.30/sh now → $8.70 mid-life (likely $5.57–$9.32) → ≈ $0 at expiry | you banked $0.41/sh, so a flat mid-life exit nets -$8.29/sh | roll rows are incremental, the banked premium stays yours 📊 Across 71 simulated challenges: the $402 strike is typically first touched on day 9 of 11, at $404 (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 +0.5 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 ⚠ $402 is $66 below CC-SS $467.98: 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 < $0.10/sh (~25% of the $0.41 collected) or spot ≥ $402.48 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $402)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $467.98, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$42,832 − CC assignment net of premium (5 × $402): -$32,786 Total Position P&L @ SS: $-51,039 (+$10,046 vs today) Do-nothing baseline at SS: $-24,739 (this trade vs do-nothing: $-26,300, the opportunity cost of earning $559/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 5 × $390 | 24 Jul | 11d | 4.6% | 90% | 20% | $820 | $2,236 | -$3,695 | $38,171 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $390 4.6% OTM over spot $372.80 24 Jul 2026 (11d, $1.77 mid) = $820 credit for the 11d cycle → $2,236/mo projected Survival (stays ≤ $390) 90% Breach risk 10% POP (stays ≤ $391.77) 92% EV / mo +$1,767 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 6.7 mo [5.3-7.4] median, 0.3 mo faster than no FIGHT (7.0 mo) · 8% of paths whole by 9 mo (vs 5% without) · ~3.8 challenges expected · median CC cash $7,471 🛡 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) -$3,121 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $396 @ 79% POP 66% 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 5 of 11); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $11.15/sh now → $7.88 mid-life (likely $6.32–$10.76) → ≈ $0 at expiry | you banked $1.64/sh, so a flat mid-life exit nets -$6.24/sh | roll rows are incremental, the banked premium stays yours 📊 Across 433 simulated challenges: the $390 strike is typically first touched on day 7 of 11, at $392 (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 +0.5 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 ⚠ $390 is $78 below CC-SS $467.98: 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 < $0.41/sh (~25% of the $1.64 collected) or spot ≥ $391.77 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $390)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $467.98, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$42,832 − CC assignment net of premium (5 × $390): -$38,171 Total Position P&L @ SS: $-56,424 (+$4,661 vs today) Do-nothing baseline at SS: $-24,739 (this trade vs do-nothing: $-31,685, the opportunity cost of earning $2,236/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 5 × $385 | 24 Jul | 11d | 3.3% | 82% | 36% | $1,445 | $3,941 | -$1,991 | $40,046 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $385 3.3% OTM over spot $372.80 24 Jul 2026 (11d, $3.07 mid) = $1,445 credit for the 11d cycle → $3,941/mo projected Survival (stays ≤ $385) 82% Breach risk 18% POP (stays ≤ $388.07) 87% EV / mo +$2,793 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 7.0 mo [5.4-7.8] median, 0.8 mo SLOWER than no FIGHT (6.2 mo): roll costs eat the credits at this rung · 9% of paths whole by 9 mo (vs 4% without) · ~7.1 challenges expected · median CC cash $15,185 🛡 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) 28% Flat exit net (mid-life) -$2,331 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $394 @ 82% 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 5 of 11); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $10.68/sh now → $7.55 mid-life (likely $7.16–$11.16) → ≈ $0 at expiry | you banked $2.89/sh, so a flat mid-life exit nets -$4.66/sh | roll rows are incremental, the banked premium stays yours 📊 Across 831 simulated challenges: the $385 strike is typically first touched on day 6 of 11, at $387 (overshoots $2.41). 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 ⚠ $385 is $83 below CC-SS $467.98: 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 < $0.72/sh (~25% of the $2.89 collected) or spot ≥ $388.07 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $385)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $467.98, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$42,832 − CC assignment net of premium (5 × $385): -$40,046 Total Position P&L @ SS: $-58,299 (+$2,786 vs today) Do-nothing baseline at SS: $-24,739 (this trade vs do-nothing: $-33,560, the opportunity cost of earning $3,941/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 5 × $381 | 24 Jul | 11d | 2.2% | 74% | 41% | $2,175 | $5,932 | — | $41,316 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $381 2.2% OTM over spot $372.80 24 Jul 2026 (11d, $4.57 mid) = $2,175 credit for the 11d cycle → $5,932/mo projected Survival (stays ≤ $381) 74% Breach risk 26% POP (stays ≤ $385.57) 83% EV / mo +$3,784 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 6.6 mo [5.0-8.0] median, 1.0 mo SLOWER than no FIGHT (5.6 mo): roll costs eat the credits at this rung · 15% of paths whole by 9 mo (vs 4% without) · ~11.4 challenges expected · median CC cash $21,225 🛡 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) 41% Flat exit net (mid-life) -$1,471 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $394 @ 86% POP 80% 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 5 of 11); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $10.31/sh now → $7.29 mid-life (likely $7.97–$11.48) → ≈ $0 at expiry | you banked $4.35/sh, so a flat mid-life exit nets -$2.94/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,240 simulated challenges: the $381 strike is typically first touched on day 5 of 11, at $383 (overshoots $2.42). 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 ⚠ $381 is $87 below CC-SS $467.98: 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 < $1.09/sh (~25% of the $4.35 collected) or spot ≥ $385.57 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $381)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $467.98, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$42,832 − CC assignment net of premium (5 × $381): -$41,316 Total Position P&L @ SS: $-59,569 (+$1,516 vs today) Do-nothing baseline at SS: $-24,739 (this trade vs do-nothing: $-34,830, the opportunity cost of earning $5,932/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 5 × $373 | 24 Jul | 11d | 0.1% | 51% | 99% | $4,300 | $11,727 | +$5,795 | $43,191 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $373 0.1% OTM over spot $372.80 24 Jul 2026 (11d, $9.00 mid) = $4,300 credit for the 11d cycle → $11,727/mo projected Survival (stays ≤ $373) 51% Breach risk 49% POP (stays ≤ $382.00) 76% EV / mo +$5,729 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 6.7 mo [5.6-8.0] median, 0.1 mo faster than no FIGHT (6.8 mo) · 16% of paths whole by 9 mo (vs 4% without) · ~42.8 challenges expected · median CC cash $25,650 🛡 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) 83% Flat exit net (mid-life) +$908 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $390 @ 90% POP 88% 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 5 of 11); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $9.60/sh now → $6.78 mid-life (likely $9.59–$13.35) → ≈ $0 at expiry | you banked $8.60/sh, so a flat mid-life exit nets +$1.82/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,486 simulated challenges: the $373 strike is typically first touched on day 2 of 11, at $376 (overshoots $2.90). 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 ⚠ $373 is $95 below CC-SS $467.98: 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 < $2.15/sh (~25% of the $8.60 collected) or spot ≥ $382.00 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $373)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $467.98, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$42,832 − CC assignment net of premium (5 × $373): -$43,191 Total Position P&L @ SS: $-61,444 ($-359 vs today) Do-nothing baseline at SS: $-24,739 (this trade vs do-nothing: $-36,705, the opportunity cost of earning $11,727/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (5 expiries scanned, 80 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: +$42,832 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-24,739
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $383 | 4d | 17 Jul 2026 | $1.88 | 5/5 | $7,050 | $6,513 | 91% | 94% | +$6,375 | -$41,551 | 61.1% | $-59,804 (vs do-nothing $-35,065) |
| $382 | 4d | 17 Jul 2026 | $2.16 | 4/5 | $6,480 | $5,946 | 88% | 93% | +$5,703 | -$33,529 | 49.3% | $-53,079 (vs do-nothing $-28,340) |
| $381 | 4d | 17 Jul 2026 | $2.53 | 4/5 | $7,590 | $7,056 | 85% | 92% | +$6,495 | -$33,781 | 49.7% | $-53,331 (vs do-nothing $-28,592) |
| $380 | 4d | 17 Jul 2026 | $2.94 | 3/5 | $6,615 | $6,084 | 82% | 90% | +$5,481 | -$25,513 | 37.5% | $-46,360 (vs do-nothing $-21,621) |
| $381 | 7d | 20 Jul 2026 | $2.97 | 5/5 | $6,364 | $5,827 | 80% | 87% | +$4,757 | -$42,006 | 61.8% | $-60,259 (vs do-nothing $-35,520) |
| $379 | 4d | 17 Jul 2026 | $3.35 | 3/5 | $7,538 | $7,006 | 78% | 89% | +$6,003 | -$25,690 | 37.8% | $-46,537 (vs do-nothing $-21,798) |
| $380 | 7d | 20 Jul 2026 | $3.30 | 5/5 | $7,071 | $6,535 | 77% | 86% | +$5,059 | -$42,341 | 62.3% | $-60,594 (vs do-nothing $-35,855) |
| $381 | 9d | 22 Jul 2026 | $3.60 | 5/5 | $6,000 | $5,463 | 76% | 85% | +$4,012 | -$41,691 | 61.3% | $-59,944 (vs do-nothing $-35,205) |
| $378 | 4d | 17 Jul 2026 | $3.85 | 3/5 | $8,662 | $8,131 | 74% | 87% | +$6,629 | -$25,840 | 38.0% | $-46,687 (vs do-nothing $-21,948) |
| $379 | 7d | 20 Jul 2026 | $3.85 | 4/5 | $6,600 | $6,066 | 74% | 85% | +$4,604 | -$34,053 | 50.1% | $-53,603 (vs do-nothing $-28,864) |
| $381 | 11d | 24 Jul 2026 | $4.35 | 5/5 | $5,932 | $5,395 | 74% | 83% | +$3,784 | -$41,316 | 60.8% | $-59,569 (vs do-nothing $-34,830) |
| $380 | 9d | 22 Jul 2026 | $4.10 | 5/5 | $6,833 | $6,296 | 73% | 84% | +$4,461 | -$41,941 | 61.7% | $-60,194 (vs do-nothing $-35,455) |
| $380 | 11d | 24 Jul 2026 | $4.80 | 5/5 | $6,545 | $6,009 | 71% | 82% | +$3,973 | -$41,591 | 61.2% | $-59,844 (vs do-nothing $-35,105) |
Showing the 60 next-safest rows of 67.
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $379 | 9d | 22 Jul 2026 | $4.50 | 4/5 | $6,000 | $5,466 | 70% | 82% | +$3,750 | -$33,793 | 49.7% | $-53,343 (vs do-nothing $-28,604) |
| $377 | 4d | 17 Jul 2026 | $4.35 | 2/5 | $6,525 | $5,996 | 70% | 87% | +$4,836 | -$17,326 | 25.5% | $-39,471 (vs do-nothing $-14,732) |
| $378 | 7d | 20 Jul 2026 | $4.30 | 4/5 | $7,371 | $6,837 | 70% | 84% | +$4,921 | -$34,273 | 50.4% | $-53,823 (vs do-nothing $-29,084) |
| $379 | 11d | 24 Jul 2026 | $5.25 | 5/5 | $7,159 | $6,622 | 68% | 81% | +$4,305 | -$41,866 | 61.6% | $-60,119 (vs do-nothing $-35,380) |
| $378 | 9d | 22 Jul 2026 | $5.00 | 4/5 | $6,667 | $6,133 | 67% | 81% | +$4,019 | -$33,993 | 50.0% | $-53,543 (vs do-nothing $-28,804) |
| $377 | 7d | 20 Jul 2026 | $4.85 | 3/5 | $6,236 | $5,704 | 67% | 82% | +$4,003 | -$25,840 | 38.0% | $-46,687 (vs do-nothing $-21,948) |
| $376 | 4d | 17 Jul 2026 | $4.90 | 2/5 | $7,350 | $6,821 | 66% | 85% | +$5,224 | -$17,416 | 25.6% | $-39,561 (vs do-nothing $-14,822) |
| $378 | 11d | 24 Jul 2026 | $5.75 | 4/5 | $6,273 | $5,739 | 66% | 80% | +$3,660 | -$33,693 | 49.5% | $-53,243 (vs do-nothing $-28,504) |
| $379 | 18d | 31 Jul 2026 | $7.10 | 5/5 | $5,917 | $5,380 | 65% | 79% | +$3,234 | -$40,941 | 60.2% | $-59,194 (vs do-nothing $-34,455) |
| $377 | 9d | 22 Jul 2026 | $5.55 | 4/5 | $7,400 | $6,866 | 64% | 80% | +$4,304 | -$34,173 | 50.3% | $-53,723 (vs do-nothing $-28,984) |
| $377 | 11d | 24 Jul 2026 | $6.25 | 4/5 | $6,818 | $6,284 | 63% | 79% | +$3,841 | -$33,893 | 49.8% | $-53,443 (vs do-nothing $-28,704) |
| $376 | 7d | 20 Jul 2026 | $5.40 | 3/5 | $6,943 | $6,411 | 63% | 81% | +$4,258 | -$25,975 | 38.2% | $-46,822 (vs do-nothing $-22,083) |
| $378 | 18d | 31 Jul 2026 | $7.55 | 5/5 | $6,292 | $5,755 | 63% | 78% | +$3,325 | -$41,216 | 60.6% | $-59,469 (vs do-nothing $-34,730) |
| $375 | 4d | 17 Jul 2026 | $5.55 | 2/5 | $8,325 | $7,796 | 61% | 84% | +$5,685 | -$17,486 | 25.7% | $-39,631 (vs do-nothing $-14,892) |
| $376 | 9d | 22 Jul 2026 | $6.10 | 3/5 | $6,100 | $5,569 | 61% | 79% | +$3,403 | -$25,765 | 37.9% | $-46,612 (vs do-nothing $-21,873) |
| $377 | 18d | 31 Jul 2026 | $8.05 | 5/5 | $6,708 | $6,171 | 61% | 77% | +$3,437 | -$41,466 | 61.0% | $-59,719 (vs do-nothing $-34,980) |
| $376 | 11d | 24 Jul 2026 | $6.85 | 4/5 | $7,473 | $6,939 | 60% | 78% | +$3,924 | -$34,053 | 50.1% | $-53,603 (vs do-nothing $-28,864) |
| $375 | 7d | 20 Jul 2026 | $6.00 | 3/5 | $7,714 | $7,183 | 59% | 80% | +$4,517 | -$26,095 | 38.4% | $-46,942 (vs do-nothing $-22,203) |
| $376 | 18d | 31 Jul 2026 | $8.70 | 5/5 | $7,250 | $6,713 | 58% | 77% | +$3,652 | -$41,641 | 61.2% | $-59,894 (vs do-nothing $-35,155) |
| $375 | 9d | 22 Jul 2026 | $6.65 | 3/5 | $6,650 | $6,119 | 58% | 78% | +$3,576 | -$25,900 | 38.1% | $-46,747 (vs do-nothing $-22,008) |
| $375 | 11d | 24 Jul 2026 | $7.45 | 3/5 | $6,095 | $5,564 | 57% | 77% | +$3,236 | -$25,660 | 37.7% | $-46,507 (vs do-nothing $-21,768) |
| $374 | 4d | 17 Jul 2026 | $6.20 | 2/5 | $9,300 | $8,771 | 56% | 83% | +$6,063 | -$17,556 | 25.8% | $-39,701 (vs do-nothing $-14,962) |
| $375 | 18d | 31 Jul 2026 | $9.25 | 4/5 | $6,167 | $5,633 | 56% | 76% | +$3,009 | -$33,493 | 49.3% | $-53,043 (vs do-nothing $-28,304) |
| $374 | 7d | 20 Jul 2026 | $6.65 | 3/5 | $8,550 | $8,019 | 55% | 79% | +$4,779 | -$26,200 | 38.5% | $-47,047 (vs do-nothing $-22,308) |
| $374 | 9d | 22 Jul 2026 | $7.35 | 3/5 | $7,350 | $6,819 | 55% | 77% | +$3,784 | -$25,990 | 38.2% | $-46,837 (vs do-nothing $-22,098) |
| $374 | 11d | 24 Jul 2026 | $8.05 | 3/5 | $6,586 | $6,055 | 54% | 76% | +$3,199 | -$25,780 | 37.9% | $-46,627 (vs do-nothing $-21,888) |
| $374 | 18d | 31 Jul 2026 | $9.85 | 4/5 | $6,567 | $6,033 | 54% | 75% | +$3,112 | -$33,653 | 49.5% | $-53,203 (vs do-nothing $-28,464) |
| $373 | 18d | 31 Jul 2026 | $10.50 | 4/5 | $7,000 | $6,466 | 51% | 73% | +$2,929 | -$33,793 | 49.7% | $-53,343 (vs do-nothing $-28,604) |
| $373 | 4d | 17 Jul 2026 | $6.70 | 2/5 | $10,050 | $9,521 | 51% | 80% | +$5,839 | -$17,656 | 26.0% | $-39,801 (vs do-nothing $-15,062) |
| $373 | 7d | 20 Jul 2026 | $7.30 | 2/5 | $6,257 | $5,728 | 51% | 78% | +$3,321 | -$17,536 | 25.8% | $-39,681 (vs do-nothing $-14,942) |
| $373 | 11d | 24 Jul 2026 | $8.60 | 3/5 | $7,036 | $6,505 | 51% | 76% | +$3,437 | -$25,915 | 38.1% | $-46,762 (vs do-nothing $-22,023) |
| $373 | 9d | 22 Jul 2026 | $7.95 | 3/5 | $7,950 | $7,419 | 51% | 76% | +$3,889 | -$26,110 | 38.4% | $-46,957 (vs do-nothing $-22,218) |
| $372 | 18d | 31 Jul 2026 | $11.10 | 4/5 | $7,400 | $6,866 | 49% | 72% | +$2,979 | -$33,953 | 49.9% | $-53,503 (vs do-nothing $-28,764) |
| $372 | 11d | 24 Jul 2026 | $9.35 | 3/5 | $7,650 | $7,119 | 48% | 74% | +$3,422 | -$25,990 | 38.2% | $-46,837 (vs do-nothing $-22,098) |
| $372 | 9d | 22 Jul 2026 | $7.55 | 3/5 | $7,550 | $7,019 | 48% | 75% | +$2,954 | -$26,530 | 39.0% | $-47,377 (vs do-nothing $-22,638) |
| $372 | 7d | 20 Jul 2026 | $7.85 | 2/5 | $6,729 | $6,200 | 48% | 76% | +$3,329 | -$17,626 | 25.9% | $-39,771 (vs do-nothing $-15,032) |
| $371 | 18d | 31 Jul 2026 | $11.75 | 3/5 | $5,875 | $5,344 | 47% | 72% | +$2,283 | -$25,570 | 37.6% | $-46,417 (vs do-nothing $-21,678) |
| $372 | 4d | 17 Jul 2026 | $7.45 | 2/5 | $11,175 | $10,646 | 47% | 79% | +$6,143 | -$17,706 | 26.0% | $-39,851 (vs do-nothing $-15,112) |
| $371 | 11d | 24 Jul 2026 | $10.00 | 3/5 | $8,182 | $7,650 | 46% | 73% | +$3,491 | -$26,095 | 38.4% | $-46,942 (vs do-nothing $-22,203) |
| $370 | 18d | 31 Jul 2026 | $12.40 | 3/5 | $6,200 | $5,669 | 45% | 71% | +$2,319 | -$25,675 | 37.8% | $-46,522 (vs do-nothing $-21,783) |
| $371 | 9d | 22 Jul 2026 | $9.15 | 2/5 | $6,100 | $5,571 | 45% | 74% | +$2,653 | -$17,566 | 25.8% | $-39,711 (vs do-nothing $-14,972) |
| $371 | 7d | 20 Jul 2026 | $8.60 | 2/5 | $7,371 | $6,843 | 44% | 75% | +$3,470 | -$17,676 | 26.0% | $-39,821 (vs do-nothing $-15,082) |
| $369 | 18d | 31 Jul 2026 | $13.10 | 3/5 | $6,550 | $6,019 | 43% | 70% | +$2,368 | -$25,765 | 37.9% | $-46,612 (vs do-nothing $-21,873) |
| $371 | 4d | 17 Jul 2026 | $8.15 | 1/5 | $6,112 | $5,587 | 42% | 78% | +$3,146 | -$8,883 | 13.1% | $-32,325 (vs do-nothing $-7,586) |
| $370 | 11d | 24 Jul 2026 | $10.70 | 3/5 | $8,755 | $8,223 | 42% | 74% | +$3,830 | -$26,185 | 38.5% | $-47,032 (vs do-nothing $-22,293) |
| $370 | 9d | 22 Jul 2026 | $9.85 | 2/5 | $6,567 | $6,038 | 42% | 73% | +$2,712 | -$17,626 | 25.9% | $-39,771 (vs do-nothing $-15,032) |
| $368 | 18d | 31 Jul 2026 | $13.70 | 3/5 | $6,850 | $6,319 | 41% | 70% | +$2,354 | -$25,885 | 38.1% | $-46,732 (vs do-nothing $-21,993) |
| $370 | 7d | 20 Jul 2026 | $9.25 | 2/5 | $7,929 | $7,400 | 40% | 74% | +$3,487 | -$17,746 | 26.1% | $-39,891 (vs do-nothing $-15,152) |
| $369 | 11d | 24 Jul 2026 | $11.45 | 2/5 | $6,245 | $5,717 | 39% | 73% | +$2,630 | -$17,506 | 25.7% | $-39,651 (vs do-nothing $-14,912) |
| $369 | 9d | 22 Jul 2026 | $10.65 | 2/5 | $7,100 | $6,571 | 39% | 72% | +$2,813 | -$17,666 | 26.0% | $-39,811 (vs do-nothing $-15,072) |
| $367 | 18d | 31 Jul 2026 | $14.50 | 3/5 | $7,250 | $6,719 | 39% | 69% | +$2,428 | -$25,945 | 38.2% | $-46,792 (vs do-nothing $-22,053) |
| $370 | 4d | 17 Jul 2026 | $8.90 | 1/5 | $6,675 | $6,149 | 38% | 77% | +$3,221 | -$8,908 | 13.1% | $-32,350 (vs do-nothing $-7,611) |
| $368 | 11d | 24 Jul 2026 | $12.20 | 2/5 | $6,655 | $6,126 | 38% | 71% | +$2,496 | -$17,556 | 25.8% | $-39,701 (vs do-nothing $-14,962) |
| $366 | 18d | 31 Jul 2026 | $15.25 | 3/5 | $7,625 | $7,094 | 37% | 69% | +$2,465 | -$26,020 | 38.3% | $-46,867 (vs do-nothing $-22,128) |
| $369 | 7d | 20 Jul 2026 | $10.25 | 2/5 | $8,786 | $8,257 | 37% | 74% | +$3,769 | -$17,746 | 26.1% | $-39,891 (vs do-nothing $-15,152) |
| $368 | 9d | 22 Jul 2026 | $11.20 | 2/5 | $7,467 | $6,938 | 36% | 71% | +$2,724 | -$17,756 | 26.1% | $-39,901 (vs do-nothing $-15,162) |
| $367 | 11d | 24 Jul 2026 | $12.95 | 2/5 | $7,064 | $6,535 | 35% | 70% | +$2,528 | -$17,606 | 25.9% | $-39,751 (vs do-nothing $-15,012) |
| $369 | 4d | 17 Jul 2026 | $9.65 | 1/5 | $7,238 | $6,712 | 34% | 76% | +$3,262 | -$8,933 | 13.1% | $-32,375 (vs do-nothing $-7,636) |
| $368 | 7d | 20 Jul 2026 | $11.10 | 2/5 | $9,514 | $8,986 | 33% | 73% | +$3,890 | -$17,776 | 26.1% | $-39,921 (vs do-nothing $-15,182) |
| $367 | 9d | 22 Jul 2026 | $12.20 | 2/5 | $8,133 | $7,605 | 33% | 71% | +$2,914 | -$17,756 | 26.1% | $-39,901 (vs do-nothing $-15,162) |
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.