125 contracts (12,500 sh) | BE SS: $39.71 | CC-SS: $31.95 | IV: HIGH | Accounts: Main:1299
| Max Loss | $277,625 | (ND $2.21 + SW $20) x 12500 |
| Normal income ref | $48,482/mo | 95% ann ROI on ML |
| Hedge rolling cost | $4,185/mo | |
| Unrealized P&L | $-70,750 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 125 contracts). The master ranks the two by E[net]/mo to pick one grand pick; both are shown here so you can choose the tenor that fits your roll cadence.
| Track | Expiry | Sell | Survival | Income/mo | E[net]/mo |
|---|---|---|---|---|---|
| NEXT FRIDAY 🏆 | 17 Jul 2026 · 7d | 116 × $28.50 | 81% | $24,360 | $6,138 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 89 × $32.50 | 17 Jul | 7d | 28.5% | 96% | 9% | $979 | $4,196 | -$20,164 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 89 × $32.50 28.5% OTM over spot $25.29 17 Jul 2026 (7d, $0.13 mid) = $979 credit for the 7d cycle → $4,196/mo projected Survival (stays ≤ $32.50) 96% Breach risk 4% POP (stays ≤ $32.63) 96% EV / mo +$2,715 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.0 mo [0.4-2.6] median · 66% of paths whole by 9 mo (vs 64% without) · ~0.8 challenges expected · median CC cash $-2,031 🛡 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) 4% Flat exit net (mid-life) -$13,722 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $37 @ 78% POP 72% survival Roll menuyour doors if the call gets challenged; each row = buy back the 89 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.33/sh now → $1.65 mid-life (likely $1.15–$2.12) → ≈ $0 at expiry | you banked $0.11/sh, so a flat mid-life exit nets -$1.54/sh | roll rows are incremental, the banked premium stays yours 📊 Across 135 simulated challenges: the $32 strike is typically first touched on day 6 of 7, at $33 (overshoots $0.94). 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 ✓ $32.50 is at/above CC-SS $31.95: assignment is break-even or better.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.03/sh (~25% of the $0.11 collected) or spot ≥ $32.63 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $32)); NOT the premium you collected. Momentum override: two daily closes above $36.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.85 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $31.95, where you are whole again, by expiry) Starting unrealized P&L: $-70,750 + Fortress recovery (un-capped): +$70,750 − CC assignment net of premium (89 × $32.50): -$0 + Conservative CC premium (36 × $38): +$108 Total Position P&L @ SS: $108 (+$70,858 vs today) Do-nothing baseline at SS: $375 (this trade vs do-nothing: $-267, the opportunity cost of earning $4,196/mo FIGHT income now) BB-reversion stress (→ $34.95 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$20,826, position total $11,102 (+$81,852 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 125 × $30.50 | 17 Jul | 7d | 20.6% | 91% | 19% | $2,625 | $11,250 | -$13,110 | $15,521 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 125 × $30.50 20.6% OTM over spot $25.29 17 Jul 2026 (7d, $0.32 mid) = $2,625 credit for the 7d cycle → $11,250/mo projected Survival (stays ≤ $30.50) 91% Breach risk 9% POP (stays ≤ $30.82) 92% EV / mo +$5,375 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.2 mo [0.5-2.8] median, 0.1 mo SLOWER than no FIGHT (1.1 mo): roll costs eat the credits at this rung · 70% of paths whole by 9 mo (vs 66% without) · ~2.2 challenges expected · median CC cash $5,727 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 12% Flat exit net (mid-life) -$16,099 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $35 @ 79% POP 73% survival Roll menuyour doors if the call gets challenged; each row = buy back the 125 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.12/sh now → $1.50 mid-life (likely $1.26–$2.18) → ≈ $0 at expiry | you banked $0.21/sh, so a flat mid-life exit nets -$1.29/sh | roll rows are incremental, the banked premium stays yours 📊 Across 362 simulated challenges: the $30 strike is typically first touched on day 5 of 7, at $31 (overshoots $0.95). 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 ⚠ $30.50 is $1 below CC-SS $31.95: 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 < $0.05/sh (~25% of the $0.21 collected) or spot ≥ $30.82 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $30)); NOT the premium you collected. Momentum override: two daily closes above $36.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.85 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $31.95, where you are whole again, by expiry) Starting unrealized P&L: $-70,750 + Fortress recovery (un-capped): +$70,750 − CC assignment net of premium (125 × $30.50): -$15,521 Total Position P&L @ SS: $-15,521 (+$55,229 vs today) Do-nothing baseline at SS: $375 (this trade vs do-nothing: $-15,896, the opportunity cost of earning $11,250/mo FIGHT income now) BB-reversion stress (→ $34.95 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$53,000, position total $-21,180 (+$49,570 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 107 × $29.50 | 17 Jul | 7d | 16.7% | 87% | 27% | $3,745 | $16,050 | -$8,310 | $22,488 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 107 × $29.50 16.7% OTM over spot $25.29 17 Jul 2026 (7d, $0.40 mid) = $3,745 credit for the 7d cycle → $16,050/mo projected Survival (stays ≤ $29.50) 87% Breach risk 13% POP (stays ≤ $29.89) 89% EV / mo +$7,707 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.9 mo [0.4-2.6] median, 0.1 mo faster than no FIGHT (1.0 mo) · 71% of paths whole by 9 mo (vs 64% without) · ~3.4 challenges expected · median CC cash $9,822 🛡 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) 18% Flat exit net (mid-life) -$11,487 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $35 @ 83% POP 79% survival Roll menuyour doors if the call gets challenged; each row = buy back the 107 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.01/sh now → $1.42 mid-life (likely $1.33–$2.21) → ≈ $0 at expiry | you banked $0.35/sh, so a flat mid-life exit nets -$1.07/sh | roll rows are incremental, the banked premium stays yours 📊 Across 525 simulated challenges: the $30 strike is typically first touched on day 5 of 7, at $30 (overshoots $0.93). 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 ⚠ $29.50 is $2 below CC-SS $31.95: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.09/sh (~25% of the $0.35 collected) or spot ≥ $29.89 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $30)); NOT the premium you collected. Momentum override: two daily closes above $36.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.85 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $31.95, where you are whole again, by expiry) Starting unrealized P&L: $-70,750 + Fortress recovery (un-capped): +$70,750 − CC assignment net of premium (107 × $29.50): -$22,488 + Conservative CC premium (18 × $38): +$54 Total Position P&L @ SS: $-22,434 (+$48,316 vs today) Do-nothing baseline at SS: $375 (this trade vs do-nothing: $-22,809, the opportunity cost of earning $16,050/mo FIGHT income now) BB-reversion stress (→ $34.95 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$54,570, position total $-22,696 (+$48,054 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 116 × $28.50 | 17 Jul | 7d | 12.7% | 81% | 27% | $5,684 | $24,360 | — | $34,355 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 116 × $28.50 12.7% OTM over spot $25.29 17 Jul 2026 (7d, $0.54 mid) = $5,684 credit for the 7d cycle → $24,360/mo projected Survival (stays ≤ $28.50) 81% Breach risk 19% POP (stays ≤ $29.05) 85% EV / mo +$9,571 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.1 mo [0.4-2.6] median, 0.1 mo SLOWER than no FIGHT (1.0 mo): roll costs eat the credits at this rung · 70% of paths whole by 9 mo (vs 58% without) · ~5.0 challenges expected · median CC cash $16,379 🛡 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) -$9,986 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $34 @ 83% POP 80% survival Roll menuyour doors if the call gets challenged; each row = buy back the 116 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $1.91/sh now → $1.35 mid-life (likely $1.35–$2.16) → ≈ $0 at expiry | you banked $0.49/sh, so a flat mid-life exit nets -$0.86/sh | roll rows are incremental, the banked premium stays yours 📊 Across 814 simulated challenges: the $28 strike is typically first touched on day 4 of 7, at $29 (overshoots $0.89). 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 ⚠ $28.50 is $3 below CC-SS $31.95: 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 < $0.12/sh (~25% of the $0.49 collected) or spot ≥ $29.05 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $28)); NOT the premium you collected. Momentum override: two daily closes above $36.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.85 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $31.95, where you are whole again, by expiry) Starting unrealized P&L: $-70,750 + Fortress recovery (un-capped): +$70,750 − CC assignment net of premium (116 × $28.50): -$34,355 + Conservative CC premium (9 × $38): +$27 Total Position P&L @ SS: $-34,328 (+$36,422 vs today) Do-nothing baseline at SS: $375 (this trade vs do-nothing: $-34,703, the opportunity cost of earning $24,360/mo FIGHT income now) BB-reversion stress (→ $34.95 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$69,136, position total $-37,289 (+$33,461 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 97 × $26 | 17 Jul | 7d | 2.8% | 61% | 83% | $11,349 | $48,639 | +$24,279 | $46,382 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 97 × $26 2.8% OTM over spot $25.29 17 Jul 2026 (7d, $1.23 mid) = $11,349 credit for the 7d cycle → $48,639/mo projected Survival (stays ≤ $26) 61% Breach risk 39% POP (stays ≤ $27.23) 72% EV / mo +$10,454 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.0 mo [0.4-2.6] median, 0.2 mo faster than no FIGHT (1.2 mo) · 77% of paths whole by 9 mo (vs 63% without) · ~14.1 challenges expected · median CC cash $23,651 🛡 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) 66% Flat exit net (mid-life) -$64 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $35 @ 92% POP 91% survival Roll menuyour doors if the call gets challenged; each row = buy back the 97 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $1.66/sh now → $1.18 mid-life (likely $1.56–$2.25) → ≈ $0 at expiry | you banked $1.17/sh, so a flat mid-life exit nets -$0.01/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,987 simulated challenges: the $26 strike is typically first touched on day 2 of 7, at $27 (overshoots $0.87). 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 ⚠ $26 is $6 below CC-SS $31.95: 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 $1.17 collected) or spot ≥ $27.23 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $26)); NOT the premium you collected. Momentum override: two daily closes above $36.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.85 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $31.95, where you are whole again, by expiry) Starting unrealized P&L: $-70,750 + Fortress recovery (un-capped): +$70,750 − CC assignment net of premium (97 × $26): -$46,382 + Conservative CC premium (28 × $38): +$84 Total Position P&L @ SS: $-46,298 (+$24,452 vs today) Do-nothing baseline at SS: $375 (this trade vs do-nothing: $-46,673, the opportunity cost of earning $48,639/mo FIGHT income now) BB-reversion stress (→ $34.95 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$75,466, position total $-43,562 (+$27,188 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 20 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: 0.849 (IBKR) | Recovery@SS: +$70,750 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $375
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $28.50 | 7d | 17 Jul 2026 | $0.49 | 116/125 | $24,360 | $20,213 | 81% | 85% | +$9,571 | -$34,355 | 124.4% | $-34,328 (vs do-nothing $-34,703) |
| $28 | 7d | 17 Jul 2026 | $0.55 | 103/125 | $24,279 | $20,188 | 78% | 82% | +$7,608 | -$35,037 | 126.8% | $-34,971 (vs do-nothing $-35,346) |
| $27.50 | 7d | 17 Jul 2026 | $0.64 | 89/125 | $24,411 | $20,380 | 74% | 80% | +$6,230 | -$33,924 | 122.8% | $-33,816 (vs do-nothing $-34,191) |
| $28 | 14d | 24 Jul 2026 | $0.91 | 125/125 | $24,375 | $20,190 | 72% | 79% | +$2,661 | -$38,021 | 137.6% | $-38,021 (vs do-nothing $-38,396) |
| $27 | 7d | 17 Jul 2026 | $0.83 | 69/125 | $24,544 | $20,599 | 70% | 77% | +$6,869 | -$28,439 | 102.9% | $-28,272 (vs do-nothing $-28,646) |
| $28 | 21d | 31 Jul 2026 | $1.58 | 108/125 | $24,377 | $20,265 | 70% | 77% | +$5,749 | -$25,614 | 92.7% | $-25,563 (vs do-nothing $-25,938) |
| $27.50 | 14d | 24 Jul 2026 | $1.16 | 98/125 | $24,360 | $20,290 | 69% | 77% | +$4,517 | -$32,258 | 116.8% | $-32,177 (vs do-nothing $-32,552) |
| $27.50 | 21d | 31 Jul 2026 | $1.67 | 102/125 | $24,334 | $20,248 | 68% | 76% | +$4,544 | -$28,373 | 102.7% | $-28,304 (vs do-nothing $-28,679) |
| $27 | 14d | 24 Jul 2026 | $1.19 | 96/125 | $24,480 | $20,419 | 66% | 75% | +$1,918 | -$36,112 | 130.7% | $-36,025 (vs do-nothing $-36,400) |
| $27 | 21d | 31 Jul 2026 | $1.85 | 92/125 | $24,314 | $20,270 | 65% | 75% | +$4,289 | -$28,535 | 103.3% | $-28,436 (vs do-nothing $-28,811) |
| $26.50 | 14d | 24 Jul 2026 | $1.39 | 82/125 | $24,424 | $20,423 | 63% | 73% | +$2,152 | -$33,306 | 120.6% | $-33,177 (vs do-nothing $-33,552) |
| $26.50 | 21d | 31 Jul 2026 | $2.10 | 81/125 | $24,300 | $20,303 | 62% | 73% | +$4,577 | -$27,148 | 98.3% | $-27,016 (vs do-nothing $-27,391) |
| $26 | 7d | 17 Jul 2026 | $1.17 | 49/125 | $24,570 | $20,710 | 61% | 72% | +$5,281 | -$23,430 | 84.8% | $-23,202 (vs do-nothing $-23,577) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $26 | 14d | 24 Jul 2026 | $1.58 | 72/125 | $24,377 | $20,419 | 59% | 72% | +$1,877 | -$31,476 | 113.9% | $-31,317 (vs do-nothing $-31,692) |
| $26 | 21d | 31 Jul 2026 | $2.25 | 76/125 | $24,429 | $20,453 | 59% | 72% | +$3,787 | -$28,133 | 101.8% | $-27,986 (vs do-nothing $-28,361) |
| $25.50 | 21d | 31 Jul 2026 | $2.47 | 69/125 | $24,347 | $20,402 | 56% | 71% | +$3,505 | -$27,473 | 99.5% | $-27,305 (vs do-nothing $-27,680) |
| $25.50 | 14d | 24 Jul 2026 | $1.81 | 63/125 | $24,435 | $20,515 | 56% | 71% | +$3,123 | -$29,242 | 105.9% | $-29,056 (vs do-nothing $-29,431) |
| $25 | 21d | 31 Jul 2026 | $2.71 | 63/125 | $24,390 | $20,470 | 53% | 69% | +$3,288 | -$26,722 | 96.7% | $-26,536 (vs do-nothing $-26,911) |
| $25 | 14d | 24 Jul 2026 | $2.15 | 53/125 | $24,418 | $20,541 | 52% | 69% | +$3,780 | -$25,449 | 92.1% | $-25,233 (vs do-nothing $-25,608) |
| $25 | 7d | 17 Jul 2026 | $1.62 | 35/125 | $24,300 | $20,500 | 50% | 67% | +$3,869 | -$18,661 | 67.6% | $-18,391 (vs do-nothing $-18,766) |
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 125 contracts at the conservative CC.