125 contracts (12,500 sh) | BE SS: $39.71 | CC-SS: $33.84 | IV: HIGH | Accounts: Main:1299
| Max Loss | $277,625 | (ND $2.21 + SW $20) x 12500 |
| Normal income ref | $44,464/mo | 95% ann ROI on ML |
| Hedge rolling cost | $4,286/mo | |
| Unrealized P&L | $-86,375 | 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 | 78% | $22,371 | $-2,906 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 125 × $33 | 17 Jul | 7d | 28.2% | 95% | 9% | $1,000 | $4,286 | -$18,086 | $9,486 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 125 × $33 28.2% OTM over spot $25.74 17 Jul 2026 (7d, $0.12 mid) = $1,000 credit for the 7d cycle → $4,286/mo projected Survival (stays ≤ $33) 95% Breach risk 5% POP (stays ≤ $33.12) 96% EV / mo +$1,982 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.0 mo [0.5-2.0] median · 61% of paths whole by 9 mo (vs 59% without) · ~1.2 challenges expected · median CC cash $-2,681 🛡 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) -$23,007 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $35 @ 73% POP 65% 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: $2.71/sh now → $1.92 mid-life (likely $1.46–$2.52) → ≈ $0 at expiry | you banked $0.08/sh, so a flat mid-life exit nets -$1.84/sh | roll rows are incremental, the banked premium stays yours 📊 Across 134 simulated challenges: the $33 strike is typically first touched on day 6 of 7, at $34 (overshoots $1.02). 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 ⚠ $33 is $1 below CC-SS $33.84: 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 < $0.02/sh (~25% of the $0.08 collected) or spot ≥ $33.12 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $33)); NOT the premium you collected. Momentum override: two daily closes above $35.72 (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 $33.84, where you are whole again, by expiry) Starting unrealized P&L: $-86,375 + Fortress recovery (un-capped): +$86,253 − CC assignment net of premium (125 × $33): -$9,486 Total Position P&L @ SS: $-9,608 (+$76,767 vs today) Do-nothing baseline at SS: $3 (this trade vs do-nothing: $-9,611, the opportunity cost of earning $4,286/mo FIGHT income now) BB-reversion stress (→ $34.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$23,875, position total $-11,738 (+$74,638 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 125 × $31 | 17 Jul | 7d | 20.4% | 92% | 17% | $2,375 | $10,179 | -$12,193 | $33,111 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 125 × $31 20.4% OTM over spot $25.74 17 Jul 2026 (7d, $0.24 mid) = $2,375 credit for the 7d cycle → $10,179/mo projected Survival (stays ≤ $31) 92% Breach risk 8% POP (stays ≤ $31.23) 92% EV / mo +$5,212 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.4 mo [0.6-2.7] median · 63% of paths whole by 9 mo (vs 56% without) · ~2.4 challenges expected · median CC cash $4,398 🛡 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) 11% Flat exit net (mid-life) -$19,427 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $34 @ 74% POP 68% 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: $2.47/sh now → $1.74 mid-life (likely $1.49–$2.70) → ≈ $0 at expiry | you banked $0.19/sh, so a flat mid-life exit nets -$1.55/sh | roll rows are incremental, the banked premium stays yours 📊 Across 340 simulated challenges: the $31 strike is typically first touched on day 5 of 7, at $32 (overshoots $1.06). 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 ⚠ $31 is $3 below CC-SS $33.84: 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 $0.19 collected) or spot ≥ $31.23 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $31)); NOT the premium you collected. Momentum override: two daily closes above $35.72 (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 $33.84, where you are whole again, by expiry) Starting unrealized P&L: $-86,375 + Fortress recovery (un-capped): +$86,253 − CC assignment net of premium (125 × $31): -$33,111 Total Position P&L @ SS: $-33,233 (+$53,142 vs today) Do-nothing baseline at SS: $3 (this trade vs do-nothing: $-33,236, the opportunity cost of earning $10,179/mo FIGHT income now) BB-reversion stress (→ $34.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$47,500, position total $-35,363 (+$51,012 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 101 × $29.50 | 17 Jul | 7d | 14.6% | 85% | 32% | $3,434 | $14,717 | -$7,654 | $40,389 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 101 × $29.50 14.6% OTM over spot $25.74 17 Jul 2026 (7d, $0.41 mid) = $3,434 credit for the 7d cycle → $14,717/mo projected Survival (stays ≤ $29.50) 85% Breach risk 15% POP (stays ≤ $29.91) 87% EV / mo +$5,284 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.4 mo [0.6-3.1] median · 60% of paths whole by 9 mo (vs 54% without) · ~4.8 challenges expected · median CC cash $9,198 🛡 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) 23% Flat exit net (mid-life) -$12,897 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $34 @ 79% POP 75% survival Roll menuyour doors if the call gets challenged; each row = buy back the 101 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: $2.29/sh now → $1.62 mid-life (likely $1.52–$2.55) → ≈ $0 at expiry | you banked $0.34/sh, so a flat mid-life exit nets -$1.28/sh | roll rows are incremental, the banked premium stays yours 📊 Across 690 simulated challenges: the $30 strike is typically first touched on day 4 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 $4 below CC-SS $33.84: 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 $0.34 collected) or spot ≥ $29.91 (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 $35.72 (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 $33.84, where you are whole again, by expiry) Starting unrealized P&L: $-86,375 + Fortress recovery (un-capped): +$86,253 − CC assignment net of premium (101 × $29.50): -$40,389 + Conservative CC premium (24 × $40): +$24 Total Position P&L @ SS: $-40,487 (+$45,888 vs today) Do-nothing baseline at SS: $3 (this trade vs do-nothing: $-40,490, the opportunity cost of earning $14,717/mo FIGHT income now) BB-reversion stress (→ $34.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$52,015, position total $-39,854 (+$46,522 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 116 × $28.50 | 17 Jul | 7d | 10.7% | 78% | 33% | $5,220 | $22,371 | — | $56,711 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 116 × $28.50 10.7% OTM over spot $25.74 17 Jul 2026 (7d, $0.58 mid) = $5,220 credit for the 7d cycle → $22,371/mo projected Survival (stays ≤ $28.50) 78% Breach risk 22% POP (stays ≤ $29.08) 82% EV / mo +$4,126 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.3 mo [0.6-2.6] median · 62% of paths whole by 9 mo (vs 53% without) · ~7.0 challenges expected · median CC cash $16,706 🛡 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) -$12,581 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $33 @ 80% POP 75% 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: $2.17/sh now → $1.53 mid-life (likely $1.64–$2.52) → ≈ $0 at expiry | you banked $0.45/sh, so a flat mid-life exit nets -$1.08/sh | roll rows are incremental, the banked premium stays yours 📊 Across 994 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 $5 below CC-SS $33.84: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.11/sh (~25% of the $0.45 collected) or spot ≥ $29.08 (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 $35.72 (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 $33.84, where you are whole again, by expiry) Starting unrealized P&L: $-86,375 + Fortress recovery (un-capped): +$86,253 − CC assignment net of premium (116 × $28.50): -$56,711 + Conservative CC premium (9 × $40): +$9 Total Position P&L @ SS: $-56,824 (+$29,551 vs today) Do-nothing baseline at SS: $3 (this trade vs do-nothing: $-56,827, the opportunity cost of earning $22,371/mo FIGHT income now) BB-reversion stress (→ $34.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$70,064, position total $-57,918 (+$28,458 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 113 × $27 | 17 Jul | 7d | 4.9% | 66% | 72% | $10,396 | $44,554 | +$22,183 | $66,883 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 113 × $27 4.9% OTM over spot $25.74 17 Jul 2026 (7d, $1.01 mid) = $10,396 credit for the 7d cycle → $44,554/mo projected Survival (stays ≤ $27) 66% Breach risk 34% POP (stays ≤ $28.01) 75% EV / mo +$8,401 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.2 mo [0.6-2.8] median, 0.1 mo faster than no FIGHT (1.3 mo) · 70% of paths whole by 9 mo (vs 56% without) · ~12.8 challenges expected · median CC cash $28,827 🛡 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) 56% Flat exit net (mid-life) -$5,589 Free roll-up +$0/wk Safest escape (by 31 Jul 2026) $34 @ 87% POP 85% survival Roll menuyour doors if the call gets challenged; each row = buy back the 113 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: $2.00/sh now → $1.41 mid-life (likely $1.78–$2.58) → ≈ $0 at expiry | you banked $0.92/sh, so a flat mid-life exit nets -$0.49/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,668 simulated challenges: the $27 strike is typically first touched on day 3 of 7, at $28 (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 ⚠ $27 is $7 below CC-SS $33.84: 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 $0.92 collected) or spot ≥ $28.01 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $27)); NOT the premium you collected. Momentum override: two daily closes above $35.72 (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 $33.84, where you are whole again, by expiry) Starting unrealized P&L: $-86,375 + Fortress recovery (un-capped): +$86,253 − CC assignment net of premium (113 × $27): -$66,883 + Conservative CC premium (12 × $40): +$12 Total Position P&L @ SS: $-66,993 (+$19,382 vs today) Do-nothing baseline at SS: $3 (this trade vs do-nothing: $-66,996, the opportunity cost of earning $44,554/mo FIGHT income now) BB-reversion stress (→ $34.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$79,891, position total $-67,742 (+$18,634 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 19 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: 0.852 (IBKR) | Recovery@SS: +$86,253 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $3
| 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 | $0.45 | 116/125 | $22,371 | $18,105 | 78% | 82% | +$4,126 | -$56,711 | 205.3% | $-56,824 (vs do-nothing $-56,827) |
| $28 | 7d | 17 Jul 2026 | $0.61 | 86/125 | $22,483 | $18,281 | 74% | 80% | +$4,679 | -$44,968 | 162.8% | $-45,051 (vs do-nothing $-45,054) |
| $28.50 | 14d | 24 Jul 2026 | $0.89 | 117/125 | $22,314 | $18,045 | 73% | 80% | +$3,917 | -$52,052 | 188.4% | $-52,166 (vs do-nothing $-52,169) |
| $27.50 | 7d | 17 Jul 2026 | $0.73 | 72/125 | $22,526 | $18,354 | 70% | 77% | +$3,934 | -$40,384 | 146.2% | $-40,453 (vs do-nothing $-40,456) |
| $28 | 14d | 24 Jul 2026 | $1.07 | 97/125 | $22,241 | $18,015 | 70% | 79% | +$4,296 | -$46,258 | 167.5% | $-46,352 (vs do-nothing $-46,355) |
| $28.50 | 21d | 31 Jul 2026 | $1.25 | 125/125 | $22,321 | $18,036 | 70% | 78% | +$953 | -$51,111 | 185.0% | $-51,233 (vs do-nothing $-51,236) |
| $28 | 21d | 31 Jul 2026 | $1.43 | 109/125 | $22,267 | $18,016 | 68% | 76% | +$1,321 | -$48,057 | 174.0% | $-48,163 (vs do-nothing $-48,166) |
| $27.50 | 14d | 24 Jul 2026 | $1.05 | 99/125 | $22,275 | $18,045 | 67% | 76% | +$815 | -$52,360 | 189.5% | $-52,456 (vs do-nothing $-52,459) |
| $27 | 7d | 17 Jul 2026 | $0.92 | 57/125 | $22,474 | $18,334 | 66% | 75% | +$4,238 | -$33,738 | 122.1% | $-33,792 (vs do-nothing $-33,795) |
| $27.50 | 21d | 31 Jul 2026 | $1.59 | 98/125 | $22,260 | $18,032 | 65% | 75% | +$1,142 | -$46,539 | 168.5% | $-46,634 (vs do-nothing $-46,637) |
| $27 | 14d | 24 Jul 2026 | $1.35 | 77/125 | $22,275 | $18,092 | 63% | 74% | +$2,805 | -$42,264 | 153.0% | $-42,338 (vs do-nothing $-42,341) |
| $27 | 21d | 31 Jul 2026 | $1.79 | 87/125 | $22,247 | $18,043 | 62% | 74% | +$1,279 | -$43,925 | 159.0% | $-44,009 (vs do-nothing $-44,012) |
| $26.50 | 14d | 24 Jul 2026 | $1.47 | 71/125 | $22,365 | $18,195 | 60% | 73% | +$1,522 | -$41,669 | 150.8% | $-41,737 (vs do-nothing $-41,740) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $26.50 | 21d | 31 Jul 2026 | $2.00 | 78/125 | $22,286 | $18,101 | 60% | 72% | +$1,315 | -$41,643 | 150.7% | $-41,718 (vs do-nothing $-41,721) |
| $26 | 21d | 31 Jul 2026 | $2.38 | 66/125 | $22,440 | $18,281 | 57% | 72% | +$2,699 | -$36,029 | 130.4% | $-36,092 (vs do-nothing $-36,095) |
| $26 | 14d | 24 Jul 2026 | $1.69 | 62/125 | $22,453 | $18,302 | 56% | 71% | +$1,426 | -$38,123 | 138.0% | $-38,182 (vs do-nothing $-38,185) |
| $26 | 7d | 17 Jul 2026 | $1.24 | 42/125 | $22,320 | $18,212 | 56% | 70% | +$2,162 | -$27,715 | 100.3% | $-27,754 (vs do-nothing $-27,757) |
| $25.50 | 21d | 31 Jul 2026 | $2.59 | 61/125 | $22,570 | $18,421 | 54% | 70% | +$2,326 | -$35,068 | 126.9% | $-35,126 (vs do-nothing $-35,129) |
| $25.50 | 14d | 24 Jul 2026 | $1.90 | 55/125 | $22,393 | $18,257 | 52% | 70% | +$957 | -$35,414 | 128.2% | $-35,466 (vs do-nothing $-35,469) |
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.