5 of 10 contracts (500 sh uncapped) | BE SS: $456.00 | CC-SS: $465.93 (banked floor $465.54) | IV: LOW | Accounts: Main:1299
| Max Loss | $128,000 | (ND $136.00 + SW $120) x 500 |
| Normal income ref | $9,751/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 × $385 | 94% | $5,325 | $3,204 |
| NEXT FRIDAY | 24 Jul 2026 · 11d | 5 × $382 | 77% | $5,386 | $1,536 |
| 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 | 6.3% | 99+% | 0% | $75 | $562 | -$4,762 | $34,892 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $396 6.3% OTM over spot $372.39 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 5.2 mo [3.5-7.2] median, 0.2 mo faster than no FIGHT (5.4 mo) · 20% of paths whole by 9 mo (vs 20% without) · ~0.1 challenges expected · median CC cash $-4,469 🛡 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) -$3,319 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $407 @ 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: $9.60/sh now → $6.79 mid-life → ≈ $0 at expiry | you banked $0.15/sh, so a flat mid-life exit nets -$6.64/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 $70 below CC-SS $465.93: 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. Momentum override: two daily closes above $396.44 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.41 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $465.93, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$65,855 − CC assignment net of premium (5 × $396): -$34,892 Total Position P&L @ SS: $-30,122 (+$30,963 vs today) Do-nothing baseline at SS: $-692 (this trade vs do-nothing: $-29,430, the opportunity cost of earning $562/mo FIGHT income now) BB-reversion stress (→ $419.79 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$11,820, position total $-39,535 (+$21,550 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 5 × $387 | 17 Jul | 4d | 3.9% | 96% | 8% | $470 | $3,525 | -$1,800 | $38,997 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $387 3.9% OTM over spot $372.39 17 Jul 2026 (4d, $1.01 mid) = $470 credit for the 4d cycle → $3,525/mo projected Survival (stays ≤ $387) 96% Breach risk 4% POP (stays ≤ $388.01) 97% EV / mo +$3,341 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.2 mo [3.3-7.1] median, 0.4 mo SLOWER than no FIGHT (4.8 mo): roll costs eat the credits at this rung · 21% of paths whole by 9 mo (vs 17% without) · ~3.0 challenges expected · median CC cash $3,069 🛡 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) 6% Flat exit net (mid-life) -$2,689 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $399 @ 83% 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: $8.94/sh now → $6.32 mid-life (likely $5.09–$9.66) → ≈ $0 at expiry | you banked $0.94/sh, so a flat mid-life exit nets -$5.38/sh | roll rows are incremental, the banked premium stays yours 📊 Across 166 simulated challenges: the $387 strike is typically first touched on day 3 of 4, at $389 (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 ⚠ $387 is $79 below CC-SS $465.93: 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 < $0.23/sh (~25% of the $0.94 collected) or spot ≥ $388.01 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $387)); NOT the premium you collected. Momentum override: two daily closes above $396.44 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.41 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $465.93, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$65,855 − CC assignment net of premium (5 × $387): -$38,997 Total Position P&L @ SS: $-34,227 (+$26,858 vs today) Do-nothing baseline at SS: $-692 (this trade vs do-nothing: $-33,535, the opportunity cost of earning $3,525/mo FIGHT income now) BB-reversion stress (→ $419.79 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$15,925, position total $-43,640 (+$17,445 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 5 × $385 | 17 Jul | 4d | 3.4% | 94% | 9% | $710 | $5,325 | — | $39,757 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $385 3.4% OTM over spot $372.39 17 Jul 2026 (4d, $1.48 mid) = $710 credit for the 4d cycle → $5,325/mo projected Survival (stays ≤ $385) 94% Breach risk 6% POP (stays ≤ $386.48) 96% EV / mo +$4,943 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.3 mo [3.4-6.8] median, 0.4 mo SLOWER than no FIGHT (4.9 mo): roll costs eat the credits at this rung · 24% of paths whole by 9 mo (vs 18% without) · ~4.9 challenges expected · median CC cash $8,147 🛡 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) 9% Flat exit net (mid-life) -$2,398 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $398 @ 84% POP 76% 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: $8.79/sh now → $6.22 mid-life (likely $5.26–$10.39) → ≈ $0 at expiry | you banked $1.42/sh, so a flat mid-life exit nets -$4.80/sh | roll rows are incremental, the banked premium stays yours 📊 Across 273 simulated challenges: the $385 strike is typically first touched on day 3 of 4, at $388 (overshoots $2.67). 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 $81 below CC-SS $465.93: 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 < $0.35/sh (~25% of the $1.42 collected) or spot ≥ $386.48 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $385)); NOT the premium you collected. Momentum override: two daily closes above $396.44 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.41 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $465.93, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$65,855 − CC assignment net of premium (5 × $385): -$39,757 Total Position P&L @ SS: $-34,987 (+$26,098 vs today) Do-nothing baseline at SS: $-692 (this trade vs do-nothing: $-34,295, the opportunity cost of earning $5,325/mo FIGHT income now) BB-reversion stress (→ $419.79 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$16,685, position total $-44,400 (+$16,685 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 5 × $383 | 17 Jul | 4d | 2.8% | 91% | 17% | $940 | $7,050 | +$1,725 | $40,527 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $383 2.8% OTM over spot $372.39 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) 95% EV / mo +$6,467 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.3 mo [3.5-7.2] median, 0.5 mo SLOWER than no FIGHT (4.7 mo): roll costs eat the credits at this rung · 31% of paths whole by 9 mo (vs 20% without) · ~7.0 challenges expected · median CC cash $12,067 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 14% Flat exit net (mid-life) -$2,117 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $397 @ 85% POP 78% 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: $8.65/sh now → $6.11 mid-life (likely $5.65–$10.14) → ≈ $0 at expiry | you banked $1.88/sh, so a flat mid-life exit nets -$4.23/sh | roll rows are incremental, the banked premium stays yours 📊 Across 414 simulated challenges: the $383 strike is typically first touched on day 3 of 4, at $385 (overshoots $2.50). 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 $83 below CC-SS $465.93: 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. Momentum override: two daily closes above $396.44 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.41 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $465.93, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$65,855 − CC assignment net of premium (5 × $383): -$40,527 Total Position P&L @ SS: $-35,757 (+$25,328 vs today) Do-nothing baseline at SS: $-692 (this trade vs do-nothing: $-35,065, the opportunity cost of earning $7,050/mo FIGHT income now) BB-reversion stress (→ $419.79 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$17,455, position total $-45,170 (+$15,915 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 5 × $380 | 17 Jul | 4d | 2.0% | 83% | 34% | $1,470 | $11,025 | +$5,700 | $41,497 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $380 2.0% OTM over spot $372.39 17 Jul 2026 (4d, $3.12 mid) = $1,470 credit for the 4d cycle → $11,025/mo projected Survival (stays ≤ $380) 83% Breach risk 17% POP (stays ≤ $383.12) 91% EV / mo +$9,350 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.6 mo [3.8-7.2] median, 0.2 mo SLOWER than no FIGHT (5.4 mo): roll costs eat the credits at this rung · 35% of paths whole by 9 mo (vs 18% without) · ~14.0 challenges expected · median CC cash $25,631 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 25% Flat exit net (mid-life) -$1,511 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $398 @ 88% POP 84% 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 $6.03–$10.25) → ≈ $0 at expiry | you banked $2.94/sh, so a flat mid-life exit nets -$3.02/sh | roll rows are incremental, the banked premium stays yours 📊 Across 759 simulated challenges: the $380 strike is typically first touched on day 3 of 4, at $382 (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 +0.5 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 ⚠ $380 is $86 below CC-SS $465.93: 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 < $0.73/sh (~25% of the $2.94 collected) or spot ≥ $383.12 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $380)); NOT the premium you collected. Momentum override: two daily closes above $396.44 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.41 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $465.93, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$65,855 − CC assignment net of premium (5 × $380): -$41,497 Total Position P&L @ SS: $-36,727 (+$24,358 vs today) Do-nothing baseline at SS: $-692 (this trade vs do-nothing: $-36,035, the opportunity cost of earning $11,025/mo FIGHT income now) BB-reversion stress (→ $419.79 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$18,425, position total $-46,140 (+$14,945 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 | 8.0% | 98% | 4% | $205 | $559 | -$4,827 | $31,762 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $402 8.0% OTM over spot $372.39 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 +$518 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.2 mo [3.8-6.7] median · 22% of paths whole by 9 mo (vs 20% without) · ~0.6 challenges expected · median CC cash $-2,416 🛡 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) 2% Flat exit net (mid-life) -$4,116 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $407 @ 77% POP 61% 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: $12.22/sh now → $8.64 mid-life (likely $5.93–$10.60) → ≈ $0 at expiry | you banked $0.41/sh, so a flat mid-life exit nets -$8.23/sh | roll rows are incremental, the banked premium stays yours 📊 Across 72 simulated challenges: the $402 strike is typically first touched on day 9 of 11, at $405 (overshoots $2.81). 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 $64 below CC-SS $465.93: 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. Momentum override: two daily closes above $396.44 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.41 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $465.93, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$65,855 − CC assignment net of premium (5 × $402): -$31,762 Total Position P&L @ SS: $-26,992 (+$34,093 vs today) Do-nothing baseline at SS: $-692 (this trade vs do-nothing: $-26,300, the opportunity cost of earning $559/mo FIGHT income now) BB-reversion stress (→ $419.79 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$8,690, position total $-36,405 (+$24,680 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 5 × $390 | 24 Jul | 11d | 4.7% | 91% | 19% | $820 | $2,236 | -$3,150 | $37,147 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $390 4.7% OTM over spot $372.39 24 Jul 2026 (11d, $1.77 mid) = $820 credit for the 11d cycle → $2,236/mo projected Survival (stays ≤ $390) 91% Breach risk 9% POP (stays ≤ $391.77) 93% EV / mo +$1,808 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.9 mo [3.8-7.2] median, 0.2 mo SLOWER than no FIGHT (4.7 mo): roll costs eat the credits at this rung · 26% of paths whole by 9 mo (vs 18% without) · ~3.3 challenges expected · median CC cash $6,428 🛡 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) 16% Flat exit net (mid-life) -$3,109 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $397 @ 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: $11.11/sh now → $7.86 mid-life (likely $6.44–$10.84) → ≈ $0 at expiry | you banked $1.64/sh, so a flat mid-life exit nets -$6.22/sh | roll rows are incremental, the banked premium stays yours 📊 Across 471 simulated challenges: the $390 strike is typically first touched on day 7 of 11, at $393 (overshoots $2.61). 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 $76 below CC-SS $465.93: 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. Momentum override: two daily closes above $396.44 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.41 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $465.93, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$65,855 − CC assignment net of premium (5 × $390): -$37,147 Total Position P&L @ SS: $-32,377 (+$28,708 vs today) Do-nothing baseline at SS: $-692 (this trade vs do-nothing: $-31,685, the opportunity cost of earning $2,236/mo FIGHT income now) BB-reversion stress (→ $419.79 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$14,075, position total $-41,790 (+$19,295 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 5 × $386 | 24 Jul | 11d | 3.7% | 85% | 31% | $1,285 | $3,505 | -$1,882 | $38,682 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $386 3.7% OTM over spot $372.39 24 Jul 2026 (11d, $2.75 mid) = $1,285 credit for the 11d cycle → $3,505/mo projected Survival (stays ≤ $386) 85% Breach risk 15% POP (stays ≤ $388.75) 89% EV / mo +$2,601 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.3 mo [3.5-7.2] median, 0.1 mo SLOWER than no FIGHT (5.2 mo): roll costs eat the credits at this rung · 28% of paths whole by 9 mo (vs 18% without) · ~5.5 challenges expected · median CC cash $12,110 🛡 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) 27% Flat exit net (mid-life) -$2,517 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $396 @ 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: $10.75/sh now → $7.60 mid-life (likely $7.06–$10.92) → ≈ $0 at expiry | you banked $2.57/sh, so a flat mid-life exit nets -$5.03/sh | roll rows are incremental, the banked premium stays yours 📊 Across 798 simulated challenges: the $386 strike is typically first touched on day 7 of 11, at $388 (overshoots $2.50). 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 $80 below CC-SS $465.93: 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 < $0.64/sh (~25% of the $2.57 collected) or spot ≥ $388.75 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $386)); NOT the premium you collected. Momentum override: two daily closes above $396.44 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.41 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $465.93, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$65,855 − CC assignment net of premium (5 × $386): -$38,682 Total Position P&L @ SS: $-33,912 (+$27,173 vs today) Do-nothing baseline at SS: $-692 (this trade vs do-nothing: $-33,220, the opportunity cost of earning $3,505/mo FIGHT income now) BB-reversion stress (→ $419.79 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$15,610, position total $-43,325 (+$17,760 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 5 × $382 | 24 Jul | 11d | 2.6% | 77% | 38% | $1,975 | $5,386 | — | $39,992 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $382 2.6% OTM over spot $372.39 24 Jul 2026 (11d, $4.15 mid) = $1,975 credit for the 11d cycle → $5,386/mo projected Survival (stays ≤ $382) 77% Breach risk 23% POP (stays ≤ $386.15) 85% EV / mo +$3,607 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.8 mo [3.7-7.1] median, 0.5 mo SLOWER than no FIGHT (5.3 mo): roll costs eat the credits at this rung · 30% of paths whole by 9 mo (vs 18% without) · ~8.9 challenges expected · median CC cash $18,762 🛡 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) 38% Flat exit net (mid-life) -$1,701 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $395 @ 85% 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: $10.40/sh now → $7.35 mid-life (likely $7.76–$11.36) → ≈ $0 at expiry | you banked $3.95/sh, so a flat mid-life exit nets -$3.40/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,152 simulated challenges: the $382 strike is typically first touched on day 5 of 11, at $384 (overshoots $2.46). 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 ⚠ $382 is $84 below CC-SS $465.93: 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 < $0.99/sh (~25% of the $3.95 collected) or spot ≥ $386.15 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $382)); NOT the premium you collected. Momentum override: two daily closes above $396.44 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.41 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $465.93, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$65,855 − CC assignment net of premium (5 × $382): -$39,992 Total Position P&L @ SS: $-35,222 (+$25,863 vs today) Do-nothing baseline at SS: $-692 (this trade vs do-nothing: $-34,530, the opportunity cost of earning $5,386/mo FIGHT income now) BB-reversion stress (→ $419.79 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$16,920, position total $-44,635 (+$16,450 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 5 × $375 | 24 Jul | 11d | 0.7% | 58% | 85% | $3,725 | $10,159 | +$4,773 | $41,742 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $375 0.7% OTM over spot $372.39 24 Jul 2026 (11d, $7.70 mid) = $3,725 credit for the 11d cycle → $10,159/mo projected Survival (stays ≤ $375) 58% Breach risk 42% POP (stays ≤ $382.70) 78% EV / mo +$5,380 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 5.4 mo [3.5-7.2] median, 0.3 mo SLOWER than no FIGHT (5.1 mo): roll costs eat the credits at this rung · 34% of paths whole by 9 mo (vs 19% without) · ~23.7 challenges expected · median CC cash $25,094 🛡 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) 71% Flat exit net (mid-life) +$263 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $393 @ 91% POP 89% 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: $9.79/sh now → $6.92 mid-life (likely $9.33–$12.28) → ≈ $0 at expiry | you banked $7.45/sh, so a flat mid-life exit nets +$0.53/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,125 simulated challenges: the $375 strike is typically first touched on day 3 of 11, at $378 (overshoots $2.54). 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 ⚠ $375 is $91 below CC-SS $465.93: 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 < $1.86/sh (~25% of the $7.45 collected) or spot ≥ $382.70 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $375)); NOT the premium you collected. Momentum override: two daily closes above $396.44 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.41 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $465.93, where you are whole again, by expiry) Starting unrealized P&L: $-61,085 + Fortress recovery (un-capped): +$65,855 − CC assignment net of premium (5 × $375): -$41,742 Total Position P&L @ SS: $-36,972 (+$24,113 vs today) Do-nothing baseline at SS: $-692 (this trade vs do-nothing: $-36,280, the opportunity cost of earning $10,159/mo FIGHT income now) BB-reversion stress (→ $419.79 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$18,670, position total $-46,385 (+$14,700 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (6 expiries scanned, 110 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: 1.408 (IBKR) | Recovery@SS: +$65,855 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-692
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $385 | 4d | 17 Jul 2026 | $1.42 | 5/5 | $5,325 | $4,788 | 94% | 96% | +$4,943 | -$39,757 | 58.5% | $-34,987 (vs do-nothing $-34,295) |
| $384 | 4d | 17 Jul 2026 | $1.53 | 5/5 | $5,738 | $5,201 | 92% | 95% | +$5,200 | -$40,202 | 59.1% | $-35,432 (vs do-nothing $-34,740) |
| $383 | 4d | 17 Jul 2026 | $1.88 | 4/5 | $5,640 | $5,106 | 91% | 95% | +$5,174 | -$32,422 | 47.7% | $-28,744 (vs do-nothing $-28,052) |
| $382 | 4d | 17 Jul 2026 | $2.16 | 4/5 | $6,480 | $5,946 | 89% | 94% | +$5,803 | -$32,710 | 48.1% | $-29,032 (vs do-nothing $-28,340) |
| $381 | 4d | 17 Jul 2026 | $2.53 | 3/5 | $5,692 | $5,161 | 86% | 92% | +$4,971 | -$24,721 | 36.4% | $-22,136 (vs do-nothing $-21,444) |
| $383 | 7d | 20 Jul 2026 | $2.28 | 5/5 | $4,886 | $4,349 | 86% | 91% | +$3,987 | -$40,327 | 59.3% | $-35,557 (vs do-nothing $-34,865) |
| $382 | 7d | 20 Jul 2026 | $2.60 | 5/5 | $5,571 | $5,035 | 84% | 90% | +$4,419 | -$40,667 | 59.8% | $-35,897 (vs do-nothing $-35,205) |
| $380 | 4d | 17 Jul 2026 | $2.94 | 3/5 | $6,615 | $6,084 | 83% | 91% | +$5,610 | -$24,898 | 36.6% | $-22,313 (vs do-nothing $-21,621) |
| $381 | 7d | 20 Jul 2026 | $2.97 | 4/5 | $5,091 | $4,557 | 81% | 88% | +$3,920 | -$32,786 | 48.2% | $-29,108 (vs do-nothing $-28,416) |
| $379 | 4d | 17 Jul 2026 | $3.35 | 2/5 | $5,025 | $4,496 | 80% | 90% | +$4,111 | -$16,717 | 24.6% | $-15,224 (vs do-nothing $-14,532) |
| $382 | 9d | 22 Jul 2026 | $3.25 | 5/5 | $5,417 | $4,880 | 80% | 87% | +$3,884 | -$40,342 | 59.3% | $-35,572 (vs do-nothing $-34,880) |
| $380 | 7d | 20 Jul 2026 | $3.30 | 4/5 | $5,657 | $5,123 | 78% | 87% | +$4,184 | -$33,054 | 48.6% | $-29,376 (vs do-nothing $-28,684) |
| $381 | 9d | 22 Jul 2026 | $3.60 | 5/5 | $6,000 | $5,463 | 77% | 86% | +$4,153 | -$40,667 | 59.8% | $-35,897 (vs do-nothing $-35,205) |
Showing the 60 next-safest rows of 97.
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $382 | 11d | 24 Jul 2026 | $3.95 | 5/5 | $5,386 | $4,850 | 77% | 85% | +$3,607 | -$39,992 | 58.8% | $-35,222 (vs do-nothing $-34,530) |
| $378 | 4d | 17 Jul 2026 | $3.85 | 2/5 | $5,775 | $5,246 | 76% | 88% | +$4,554 | -$16,817 | 24.7% | $-15,324 (vs do-nothing $-14,632) |
| $379 | 7d | 20 Jul 2026 | $3.85 | 3/5 | $4,950 | $4,419 | 75% | 86% | +$3,574 | -$24,925 | 36.7% | $-22,340 (vs do-nothing $-21,648) |
| $380 | 9d | 22 Jul 2026 | $4.10 | 4/5 | $5,467 | $4,933 | 74% | 84% | +$3,698 | -$32,734 | 48.1% | $-29,056 (vs do-nothing $-28,364) |
| $381 | 11d | 24 Jul 2026 | $4.35 | 5/5 | $5,932 | $5,395 | 74% | 84% | +$3,850 | -$40,292 | 59.3% | $-35,522 (vs do-nothing $-34,830) |
| $381 | 14d | 27 Jul 2026 | $4.78 | 5/5 | $5,120 | $4,583 | 72% | 82% | +$2,973 | -$40,078 | 58.9% | $-35,308 (vs do-nothing $-34,616) |
| $380 | 11d | 24 Jul 2026 | $4.80 | 4/5 | $5,236 | $4,702 | 72% | 83% | +$3,298 | -$32,454 | 47.7% | $-28,776 (vs do-nothing $-28,084) |
| $377 | 4d | 17 Jul 2026 | $4.35 | 2/5 | $6,525 | $5,996 | 72% | 87% | +$4,927 | -$16,917 | 24.9% | $-15,424 (vs do-nothing $-14,732) |
| $378 | 7d | 20 Jul 2026 | $4.30 | 3/5 | $5,529 | $4,997 | 72% | 85% | +$3,832 | -$25,090 | 36.9% | $-22,505 (vs do-nothing $-21,813) |
| $379 | 9d | 22 Jul 2026 | $4.50 | 4/5 | $6,000 | $5,466 | 72% | 83% | +$3,897 | -$32,974 | 48.5% | $-29,296 (vs do-nothing $-28,604) |
| $381 | 18d | 31 Jul 2026 | $6.15 | 5/5 | $5,125 | $4,588 | 70% | 81% | +$2,974 | -$39,392 | 57.9% | $-34,622 (vs do-nothing $-33,930) |
| $380 | 14d | 27 Jul 2026 | $5.20 | 5/5 | $5,568 | $5,031 | 70% | 81% | +$3,140 | -$40,369 | 59.4% | $-35,599 (vs do-nothing $-34,907) |
| $379 | 11d | 24 Jul 2026 | $5.25 | 4/5 | $5,727 | $5,193 | 69% | 82% | +$3,483 | -$32,674 | 48.0% | $-28,996 (vs do-nothing $-28,304) |
| $378 | 9d | 22 Jul 2026 | $5.00 | 3/5 | $5,000 | $4,469 | 69% | 82% | +$3,138 | -$24,880 | 36.6% | $-22,295 (vs do-nothing $-21,603) |
| $377 | 7d | 20 Jul 2026 | $4.85 | 3/5 | $6,236 | $5,704 | 68% | 83% | +$4,166 | -$25,225 | 37.1% | $-22,640 (vs do-nothing $-21,948) |
| $380 | 18d | 31 Jul 2026 | $6.45 | 5/5 | $5,375 | $4,838 | 68% | 80% | +$2,986 | -$39,742 | 58.4% | $-34,972 (vs do-nothing $-34,280) |
| $379 | 14d | 27 Jul 2026 | $5.66 | 5/5 | $6,066 | $5,530 | 67% | 80% | +$3,331 | -$40,636 | 59.8% | $-35,866 (vs do-nothing $-35,174) |
| $376 | 4d | 17 Jul 2026 | $4.90 | 2/5 | $7,350 | $6,821 | 67% | 86% | +$5,297 | -$17,007 | 25.0% | $-15,514 (vs do-nothing $-14,822) |
| $378 | 11d | 24 Jul 2026 | $5.75 | 4/5 | $6,273 | $5,739 | 67% | 80% | +$3,688 | -$32,874 | 48.3% | $-29,196 (vs do-nothing $-28,504) |
| $377 | 9d | 22 Jul 2026 | $5.55 | 3/5 | $5,550 | $5,019 | 66% | 81% | +$3,367 | -$25,015 | 36.8% | $-22,430 (vs do-nothing $-21,738) |
| $379 | 18d | 31 Jul 2026 | $7.10 | 5/5 | $5,917 | $5,380 | 65% | 78% | +$3,105 | -$39,917 | 58.7% | $-35,147 (vs do-nothing $-34,455) |
| $378 | 14d | 27 Jul 2026 | $6.13 | 4/5 | $5,252 | $4,718 | 65% | 79% | +$2,795 | -$32,723 | 48.1% | $-29,045 (vs do-nothing $-28,353) |
| $376 | 7d | 20 Jul 2026 | $5.40 | 3/5 | $6,943 | $6,411 | 64% | 82% | +$4,443 | -$25,360 | 37.3% | $-22,775 (vs do-nothing $-22,083) |
| $377 | 11d | 24 Jul 2026 | $6.25 | 3/5 | $5,114 | $4,582 | 64% | 80% | +$2,893 | -$24,805 | 36.5% | $-22,220 (vs do-nothing $-21,528) |
| $378 | 18d | 31 Jul 2026 | $7.55 | 4/5 | $5,033 | $4,499 | 63% | 78% | +$2,547 | -$32,154 | 47.3% | $-28,476 (vs do-nothing $-27,784) |
| $375 | 4d | 17 Jul 2026 | $5.55 | 2/5 | $8,325 | $7,796 | 63% | 84% | +$5,735 | -$17,077 | 25.1% | $-15,584 (vs do-nothing $-14,892) |
| $377 | 14d | 27 Jul 2026 | $6.60 | 4/5 | $5,659 | $5,125 | 63% | 78% | +$2,910 | -$32,933 | 48.4% | $-29,255 (vs do-nothing $-28,563) |
| $376 | 9d | 22 Jul 2026 | $6.10 | 3/5 | $6,100 | $5,569 | 62% | 80% | +$3,557 | -$25,150 | 37.0% | $-22,565 (vs do-nothing $-21,873) |
| $376 | 11d | 24 Jul 2026 | $6.85 | 3/5 | $5,605 | $5,073 | 61% | 78% | +$3,075 | -$24,925 | 36.7% | $-22,340 (vs do-nothing $-21,648) |
| $377 | 18d | 31 Jul 2026 | $8.05 | 4/5 | $5,367 | $4,833 | 61% | 77% | +$2,626 | -$32,354 | 47.6% | $-28,676 (vs do-nothing $-27,984) |
| $375 | 7d | 20 Jul 2026 | $6.00 | 2/5 | $5,143 | $4,614 | 61% | 81% | +$3,150 | -$16,987 | 25.0% | $-15,494 (vs do-nothing $-14,802) |
| $376 | 14d | 27 Jul 2026 | $7.15 | 4/5 | $6,132 | $5,597 | 60% | 77% | +$3,066 | -$33,112 | 48.7% | $-29,435 (vs do-nothing $-28,743) |
| $375 | 9d | 22 Jul 2026 | $6.65 | 3/5 | $6,650 | $6,119 | 59% | 79% | +$3,708 | -$25,285 | 37.2% | $-22,700 (vs do-nothing $-22,008) |
| $376 | 18d | 31 Jul 2026 | $8.70 | 4/5 | $5,800 | $5,266 | 59% | 76% | +$2,787 | -$32,494 | 47.8% | $-28,816 (vs do-nothing $-28,124) |
| $375 | 11d | 24 Jul 2026 | $7.45 | 3/5 | $6,095 | $5,564 | 58% | 78% | +$3,228 | -$25,045 | 36.8% | $-22,460 (vs do-nothing $-21,768) |
| $374 | 4d | 17 Jul 2026 | $6.20 | 2/5 | $9,300 | $8,771 | 58% | 83% | +$6,090 | -$17,147 | 25.2% | $-15,654 (vs do-nothing $-14,962) |
| $375 | 14d | 27 Jul 2026 | $7.70 | 3/5 | $4,953 | $4,422 | 58% | 76% | +$2,397 | -$24,969 | 36.7% | $-22,384 (vs do-nothing $-21,692) |
| $374 | 7d | 20 Jul 2026 | $6.65 | 2/5 | $5,700 | $5,171 | 57% | 80% | +$3,341 | -$17,057 | 25.1% | $-15,564 (vs do-nothing $-14,872) |
| $375 | 18d | 31 Jul 2026 | $9.25 | 4/5 | $6,167 | $5,633 | 57% | 75% | +$2,864 | -$32,674 | 48.0% | $-28,996 (vs do-nothing $-28,304) |
| $374 | 9d | 22 Jul 2026 | $7.35 | 2/5 | $4,900 | $4,371 | 56% | 78% | +$2,646 | -$16,917 | 24.9% | $-15,424 (vs do-nothing $-14,732) |
| $374 | 11d | 24 Jul 2026 | $8.05 | 3/5 | $6,586 | $6,055 | 55% | 77% | +$3,353 | -$25,165 | 37.0% | $-22,580 (vs do-nothing $-21,888) |
| $374 | 14d | 27 Jul 2026 | $8.26 | 3/5 | $5,307 | $4,776 | 55% | 75% | +$2,476 | -$25,104 | 36.9% | $-22,518 (vs do-nothing $-21,826) |
| $374 | 18d | 31 Jul 2026 | $9.85 | 3/5 | $4,925 | $4,394 | 54% | 74% | +$2,218 | -$24,625 | 36.2% | $-22,040 (vs do-nothing $-21,348) |
| $373 | 4d | 17 Jul 2026 | $6.70 | 1/5 | $5,025 | $4,499 | 53% | 82% | +$3,068 | -$8,623 | 12.7% | $-8,223 (vs do-nothing $-7,531) |
| $373 | 7d | 20 Jul 2026 | $7.30 | 2/5 | $6,257 | $5,728 | 53% | 79% | +$3,492 | -$17,127 | 25.2% | $-15,634 (vs do-nothing $-14,942) |
| $373 | 9d | 22 Jul 2026 | $7.95 | 2/5 | $5,300 | $4,771 | 53% | 77% | +$2,727 | -$16,997 | 25.0% | $-15,504 (vs do-nothing $-14,812) |
| $373 | 11d | 24 Jul 2026 | $8.60 | 3/5 | $7,036 | $6,505 | 52% | 76% | +$3,408 | -$25,300 | 37.2% | $-22,715 (vs do-nothing $-22,023) |
| $373 | 14d | 27 Jul 2026 | $8.85 | 3/5 | $5,692 | $5,160 | 52% | 75% | +$2,566 | -$25,224 | 37.1% | $-22,639 (vs do-nothing $-21,947) |
| $373 | 18d | 31 Jul 2026 | $10.50 | 3/5 | $5,250 | $4,719 | 52% | 74% | +$2,299 | -$24,730 | 36.4% | $-22,145 (vs do-nothing $-21,453) |
| $372 | 18d | 31 Jul 2026 | $11.10 | 3/5 | $5,550 | $5,019 | 50% | 73% | +$2,341 | -$24,850 | 36.5% | $-22,265 (vs do-nothing $-21,573) |
| $372 | 14d | 27 Jul 2026 | $9.49 | 3/5 | $6,101 | $5,570 | 50% | 74% | +$2,660 | -$25,333 | 37.3% | $-22,748 (vs do-nothing $-22,056) |
| $372 | 11d | 24 Jul 2026 | $9.35 | 2/5 | $5,100 | $4,571 | 50% | 75% | +$2,399 | -$16,917 | 24.9% | $-15,424 (vs do-nothing $-14,732) |
| $372 | 9d | 22 Jul 2026 | $7.55 | 2/5 | $5,033 | $4,505 | 49% | 76% | +$2,114 | -$17,277 | 25.4% | $-15,784 (vs do-nothing $-15,092) |
| $372 | 7d | 20 Jul 2026 | $7.85 | 2/5 | $6,729 | $6,200 | 49% | 78% | +$3,516 | -$17,217 | 25.3% | $-15,724 (vs do-nothing $-15,032) |
| $372 | 4d | 17 Jul 2026 | $7.45 | 1/5 | $5,588 | $5,062 | 49% | 81% | +$3,236 | -$8,648 | 12.7% | $-8,248 (vs do-nothing $-7,556) |
| $371 | 18d | 31 Jul 2026 | $11.75 | 3/5 | $5,875 | $5,344 | 48% | 72% | +$2,396 | -$24,955 | 36.7% | $-22,370 (vs do-nothing $-21,678) |
| $371 | 14d | 27 Jul 2026 | $10.12 | 3/5 | $6,504 | $5,973 | 47% | 73% | +$2,728 | -$25,445 | 37.4% | $-22,860 (vs do-nothing $-22,168) |
| $371 | 11d | 24 Jul 2026 | $10.00 | 2/5 | $5,455 | $4,926 | 47% | 74% | +$2,453 | -$16,987 | 25.0% | $-15,494 (vs do-nothing $-14,802) |
| $371 | 9d | 22 Jul 2026 | $9.15 | 2/5 | $6,100 | $5,571 | 46% | 75% | +$2,808 | -$17,157 | 25.2% | $-15,664 (vs do-nothing $-14,972) |
| $370 | 18d | 31 Jul 2026 | $12.40 | 3/5 | $6,200 | $5,669 | 46% | 72% | +$2,437 | -$25,060 | 36.9% | $-22,475 (vs do-nothing $-21,783) |
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.