FORTRESS FIGHT: GLXY @ $24.88

BE SS: $39.71  |  CC-SS: $33.35  |  25 contracts (2,500 sh) |  ⌂ PORTFOLIO

GENERATED2026-07-11 13:38

GLXY @ $24.88   UNDERWATER $14.83 (37.3% below BE SS)

PARTIAL: 100 of 125 contracts already capped (100x $30C). FIGHTing the 25 uncapped; all figures (income, hedge, cap give-up) are for that slice.

25 of 125 contracts (2,500 sh uncapped)  |  BE SS: $39.71  |  CC-SS: $33.35  |  IV: HIGH  |  Accounts: Main:1299

LC: $37.50 exp 2028-01-21 (entry $4.148/sh)
SP: $37.50 exp 2028-01-21 (entry $21.813/sh)
HP: $17.50 exp 2028-01-21 (entry $6.960/sh)

Economics

Max Loss$55,525(ND $2.21 + SW $20) x 2500
Normal income ref$7,212/mo95% ann ROI on ML
Hedge (static, never rolled)$0/moHP expiry = SP LEAPS; decay ≈ $926/mo (info only, already in marks)
Unrealized P&L$-17,825fortress legs from IBKR
INCOME GOALPOSTS & VELOCITY
50% INCOME FLOOR
$3,606/mo
HEDGE COVER
$0/mo (static)
NORMAL INCOME
$7,212/mo (ATM CC, chain)
IC VELOCITY
0.8 mo to earn back $5,525
ML VELOCITY
7.7 mo to earn back $55,525
Deep drawdown confirmed: a CC at CC-SS $33.35 (probe: $33C 13d) brings only $58/mo (<20% of normal), so FIGHT below it is warranted.
🏦 CAMPAIGN LEDGER , realized CC income since 2026-07-02; banked cash shrinks the hole, so CC-SS ratchets down (seeded from open positions, reconciled from IBKR executions nightly)
Banked since 2026-07-02
$0
Hole (after banked)
$17,825
was $17,825 · 0% earned back
Cycles closed
0
Credit in flight
$2,054
Open legAcctCredit/shIn flightOpened
100x $30C 17 Jul 2026U10001299$0.21$2,0542026-07-11
TECHNICALS (cc_timing weekly gate + daily trigger)
WEEKLYNEUTRAL · %B 46 (live) · RSI 47 · MACD bullish, hist falling
DAILYFALLING (provisional) · RSI 37 · %B 23 · hist rising (nightly)
LEVELSUpper BB (CC ceiling) $34.93 (+40%) · daily UBB $35.82 · 1-wk expected move ±$3 (chain IV)
SETUPNo tilt: engine default. (advisory; floors and picks are chain-only)
⚠ Next earnings 2026-07-28: candidates whose expiry crosses it are flagged in the spectrum; EV is unreliable across earnings.
INTERPRETATION
Primary: 25 contracts at $28 / 6d. This is the safest strike (survival 84%, breach 16%) that still earns 50% of normal income ($3,606/mo); it brings $3,750/mo. The engine maximizes the odds the pullback never reaches your strike, rather than chasing the fattest near-ATM premium.
More income, less safety: the ladder tops out at 19 × $26/6d for $7,600/mo, but breach risk rises to 34% (+18pp vs the primary). The lower strike is hit by a smaller bounce.
More safety, less income: for just the hedge you can sit at 25 × $29.50/6d (91% survival, $2,000/mo).
Downside anchor: the primary mortgages $12,615 (228% of IC) ONLY on a full V-bounce all the way to SS $40, recoverable in 1.7 months of normal income. That is the rare tail; the frequent case is the strike holding. Surgical close on the 25 contracts realizes $-18,037 and cuts bleed by $0/mo.

📅 Two weekly tracks, this Friday & next Friday

Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 25 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.

🏆 Grand pick: NEXT FRIDAY · 17 Jul 2026 (6d) · sell 25 × $28, 84% survival, $3,750/mo (E[net] $391/mo).
This week's Friday is inside the pin/gamma window, so only the next weekly is shown.
TrackExpirySellSurvivalIncome/moE[net]/mo
NEXT FRIDAY 🏆17 Jul 2026 · 6d25 × $2884%$3,750$391

📅 NEXT FRIDAY · 17 Jul 2026 · 6d · E[net] $391/mo 🏆 GRAND PICK

🎯 Engine pick: sell 25 × $28 (primary), 84% survival, breach 16%, $3,750/mo.
The pick is already past the ~80% (≈1σ) comfort line, so take the income. Stepping out to the $29 rung (33% normal) lifts survival to 89% (breach 16% → 11%) for $1,350/mo less (36% income) buys safety you do not really need here.
GLXY  spot $24.88 · click a rung to expand its decision panel
RungSellExpiryDTEOTMSurvivalTouch oddsPer cycleIncome/moΔ vs pickCap give-up
🛡 safe yield25 × $29.5017 Jul6d18.6%91%18%$400$2,000-$1,750$9,215
Sell 25 × $29.50 18.6% OTM over spot $24.88 17 Jul 2026 (6d, $0.20 mid)
= $400 credit for the 6d cycle → $2,000/mo projected
Survival (stays ≤ $29.50)
91%
Breach risk
9%
POP (stays ≤ $29.70)
92%
EV / mo
+$926
📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo)   whole in 1.2 mo [0.6-2.8] median  ·  67% of paths whole by 9 mo (vs 62% without)  ·  ~2.7 challenges expected  ·  median CC cash $4,131
🛡 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)
10%
Flat exit net (mid-life)
-$2,871
Free roll-up
+$1/wk
Safest escape (by 31 Jul 2026)
$32 @ 75% POP
66% survival
Roll menuyour doors if the call gets challenged; each row = buy back the 25 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $1.85/sh now → $1.31 mid-life (likely $1.09–$2.01)≈ $0 at expiry  |  you banked $0.16/sh, so a flat mid-life exit nets -$1.15/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 315 simulated challenges: the $30 strike is typically first touched on day 4 of 6, at $30 (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.
MoveNew strike ≈New expiryTenorEst netTotal (25 ct)POP / surv
of new CC
If rolled & exited
total P&L · cap gain @ new strike
Max even-money escape in the band~$3231 Jul 202617d left+$0.65/sh+$1,628
cycle +$2,028
[+$1,201…+$2,361] · 98% credit
75%
surv 66%
-$632 NOT
cap gain +$17,193
SS $40 not reachable for even money within 45d; this is the ceiling of the free ladder
Roll out (same strike, buy time)~$3024 Jul 202610d left+$0.27/sh+$664
cycle +$1,064
[+$74…+$1,347] · 78% credit
65%
surv 54%
-$6,366 NOT
cap gain +$11,459
Up-and-out for even (raise the cap, free)~$3124 Jul 202610d left+$0.05/sh+$115
cycle +$515
[-$525…+$714] · 56% credit
70%
surv 62%
-$4,395 NOT
cap gain +$13,430
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 stress
Income coverage
Gross FIGHT income$2,000/mo
vs 50% target ($3,606/mo)-45%
vs normal income ($7,212/mo)28% covered
Net income (after hedge)$2,000/mo
Downside budget
⚠ $29.50 is $4 below CC-SS $33.35: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$9,215
… as % of IC ($5,525)166.8%
… as % of ML ($55,525)16.6%
Recovery months (at normal income)1.3 mo
Surgical close (25 ct)$-17,912
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 $0.16 collected) or spot ≥ $29.70 (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 $35.82 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 4d left3d left≤ 2d (expiry)
Below $29.20Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$29-29.70
Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.★ Roll on strength NOW: cheap buyback, fat credits.Close or roll same day; pin risk at the strike.
Through breakeven
≥ $29.70
Act now: intrinsic compounds daily. Up-and-out or safety roll.Roll or close immediately; time value is gone.Close today, or be assigned.
If held to expiryexact, settlement = intrinsic  ·  fortress delta 0.90 (fallback)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$29.50 (1.5σ)$400$-7,030+$10,795+$375
+2.5%$30.24 (1.7σ)$-1,444$-7,214+$10,611-$1,469
+5%$30.98 (1.9σ)$-3,288$-7,399+$10,426-$3,313
SS (= V-bounce)$39.71 (4.7σ)$-25,125$-9,582+$8,242-$25,150
V-BOUNCE STRESS (stock → CC-SS $33.35, where you are whole again, by expiry)
Starting unrealized P&L: $-17,825
+ Fortress recovery (un-capped): +$19,049
− CC assignment net of premium (25 × $29.50): -$9,215
Total Position P&L @ SS: $-7,992 (+$9,833 vs today)
Do-nothing baseline at SS: $1,249 (this trade vs do-nothing: $-9,240, the opportunity cost of earning $2,000/mo FIGHT income now)
BB-reversion stress (→ $34.93 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$13,175, position total $-8,387 (+$9,438 vs today)
33% normal24 × $2917 Jul6d16.6%89%22%$480$2,400-$1,350$9,950
Sell 24 × $29 16.6% OTM over spot $24.88 17 Jul 2026 (6d, $0.27 mid)
= $480 credit for the 6d cycle → $2,400/mo projected
Survival (stays ≤ $29)
89%
Breach risk
11%
POP (stays ≤ $29.27)
90%
EV / mo
+$1,011
📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo)   whole in 1.3 mo [0.6-2.7] median  ·  63% of paths whole by 9 mo (vs 58% without)  ·  ~3.5 challenges expected  ·  median CC cash $5,159
🛡 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)
-$2,578
Free roll-up
+$1/wk
Safest escape (by 31 Jul 2026)
$32 @ 76% POP
71% survival
Roll menuyour doors if the call gets challenged; each row = buy back the 24 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $1.80/sh now → $1.27 mid-life (likely $1.14–$1.97)≈ $0 at expiry  |  you banked $0.20/sh, so a flat mid-life exit nets -$1.07/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 424 simulated challenges: the $29 strike is typically first touched on day 4 of 6, at $30 (overshoots $0.91). 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.
MoveNew strike ≈New expiryTenorEst netTotal (24 ct)POP / surv
of new CC
If rolled & exited
total P&L · cap gain @ new strike
Max even-money escape in the band~$3131 Jul 202617d left+$0.62/sh+$1,477
cycle +$1,957
[+$1,059…+$2,023] · 95% credit
75%
surv 66%
-$1,827 NOT
cap gain +$15,998
SS $40 not reachable for even money within 45d; this is the ceiling of the free ladder
Roll out (same strike, buy time)~$2924 Jul 202610d left+$0.26/sh+$622
cycle +$1,102
[+$96…+$1,102] · 79% credit
65%
surv 54%
-$7,452 NOT
cap gain +$10,373
Up-and-out for even (raise the cap, free)~$3024 Jul 202610d left+$0.04/sh+$85
cycle +$565
[-$480…+$474] · 49% credit
71%
surv 62%
-$5,469 NOT
cap gain +$12,356
Safety roll (pay small debit, max POP)~$3231 Jul 202617d left-$0.13/sh-$303
cycle +$177
[-$1,134…+$72] · 29% credit
76%
surv 71%
-$1,357 NOT
cap gain +$16,468
budget: banked $480 debit $303 (63% used ≈ 0.5 wk of income) → whole cycle still +$177 cash · rolled 24 ct earn ≈ $4,862/mo while parked; 1 ct free to re-sell
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 stress
Income coverage
Gross FIGHT income$2,400/mo
vs 50% target ($3,606/mo)-33%
vs normal income ($7,212/mo)33% covered
Net income (after hedge)$2,402/mo
Downside budget
⚠ $29 is $4 below CC-SS $33.35: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$9,950
… as % of IC ($5,525)180.1%
… as % of ML ($55,525)17.9%
Recovery months (at normal income)1.4 mo
Surgical close (24 ct)$-17,280
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 $0.20 collected) or spot ≥ $29.27 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $29)); NOT the premium you collected. Momentum override: two daily closes above $35.82 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 4d left3d left≤ 2d (expiry)
Below $28.71Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$29-29.27
Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.★ Roll on strength NOW: cheap buyback, fat credits.Close or roll same day; pin risk at the strike.
Through breakeven
≥ $29.27
Act now: intrinsic compounds daily. Up-and-out or safety roll.Roll or close immediately; time value is gone.Close today, or be assigned.
If held to expiryexact, settlement = intrinsic  ·  fortress delta 0.90 (fallback)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$29.00 (1.3σ)$480$-8,074+$9,751+$456
+2.5%$29.72 (1.5σ)$-1,260$-8,183+$9,642-$1,284
+5%$30.45 (1.8σ)$-3,000$-8,291+$9,534-$3,024
SS (= V-bounce)$39.71 (4.7σ)$-25,224$-9,680+$8,144-$25,248
V-BOUNCE STRESS (stock → CC-SS $33.35, where you are whole again, by expiry)
Starting unrealized P&L: $-17,825
+ Fortress recovery (un-capped): +$19,049
− CC assignment net of premium (24 × $29): -$9,950
+ Conservative CC premium (1 × $40): +$1
Total Position P&L @ SS: $-8,726 (+$9,099 vs today)
Do-nothing baseline at SS: $1,249 (this trade vs do-nothing: $-9,974, the opportunity cost of earning $2,400/mo FIGHT income now)
BB-reversion stress (→ $34.93 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$13,752, position total $-8,963 (+$8,862 vs today)
🎯 50% normal25 × $2817 Jul6d12.5%84%22%$750$3,750$12,615
Sell 25 × $28 12.5% OTM over spot $24.88 17 Jul 2026 (6d, $0.39 mid)
= $750 credit for the 6d cycle → $3,750/mo projected
Survival (stays ≤ $28)
84%
Breach risk
16%
POP (stays ≤ $28.39)
86%
EV / mo
+$1,155
📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo)   whole in 1.3 mo [0.6-3.0] median  ·  70% of paths whole by 9 mo (vs 62% without)  ·  ~5.2 challenges expected  ·  median CC cash $5,954
🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it)
Challenge odds (touch by expiry)
22%
Flat exit net (mid-life)
-$2,267
Free roll-up
+$1/wk
Safest escape (by 31 Jul 2026)
$33 @ 81% POP
78% survival
Roll menuyour doors if the call gets challenged; each row = buy back the 25 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $1.71/sh now → $1.21 mid-life (likely $1.14–$1.94)≈ $0 at expiry  |  you banked $0.30/sh, so a flat mid-life exit nets -$0.91/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 668 simulated challenges: the $28 strike is typically first touched on day 4 of 6, at $29 (overshoots $0.82). 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.
MoveNew strike ≈New expiryTenorEst netTotal (25 ct)POP / surv
of new CC
If rolled & exited
total P&L · cap gain @ new strike
Max even-money escape in the band~$3031 Jul 202617d left+$0.55/sh+$1,366
cycle +$2,116
[+$796…+$1,715] · 94% credit
75%
surv 67%
-$3,919 NOT
cap gain +$13,906
SS $40 not reachable for even money within 45d; this is the ceiling of the free ladder
Roll out (same strike, buy time)~$2824 Jul 202610d left+$0.25/sh+$615
cycle +$1,365
[-$39…+$924] · 71% credit
65%
surv 53%
-$9,440 NOT
cap gain +$8,385
Up-and-out for even (raise the cap, free)~$2924 Jul 202610d left+$0.02/sh+$38
cycle +$788
[-$640…+$289] · 37% credit
71%
surv 62%
-$7,497 NOT
cap gain +$10,328
Safety roll (pay small debit, max POP)~$3331 Jul 202617d left-$0.28/sh-$691
cycle +$59
[-$1,678…-$457] · 13% credit
81%
surv 78%
-$351 NOT
cap gain +$17,474
budget: banked $750 debit $691 (92% used ≈ 0.8 wk of income) → whole cycle still +$59 cash · rolled 25 ct earn ≈ $4,105/mo while parked; 0 ct free to re-sell
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 stress
Income coverage
Gross FIGHT income$3,750/mo
vs 50% target ($3,606/mo)+4%
vs normal income ($7,212/mo)52% covered
Net income (after hedge)$3,750/mo
Downside budget
⚠ $28 is $5 below CC-SS $33.35: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$12,615
… as % of IC ($5,525)228.3%
… as % of ML ($55,525)22.7%
Recovery months (at normal income)1.7 mo
Surgical close (25 ct)$-18,037
Tripwiresprice and time left decide together; the matrix is the playbook
The one rule: roll when the short call's remaining TIME VALUE < $0.07/sh (~25% of the $0.30 collected) or spot ≥ $28.39 (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 $35.82 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 4d left3d left≤ 2d (expiry)
Below $27.72Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$28-28.39
Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.★ Roll on strength NOW: cheap buyback, fat credits.Close or roll same day; pin risk at the strike.
Through breakeven
≥ $28.39
Act now: intrinsic compounds daily. Up-and-out or safety roll.Roll or close immediately; time value is gone.Close today, or be assigned.
If held to expiryexact, settlement = intrinsic  ·  fortress delta 0.90 (fallback)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$28.00 (≤1σ, normal week)$750$-10,055+$7,770+$725
+2.5%$28.70 (1.2σ)$-1,000$-10,230+$7,595-$1,025
+5%$29.40 (1.4σ)$-2,750$-10,405+$7,420-$2,775
SS (= V-bounce)$39.71 (4.7σ)$-28,525$-12,982+$4,842-$28,550
V-BOUNCE STRESS (stock → CC-SS $33.35, where you are whole again, by expiry)
Starting unrealized P&L: $-17,825
+ Fortress recovery (un-capped): +$19,049
− CC assignment net of premium (25 × $28): -$12,615
Total Position P&L @ SS: $-11,392 (+$6,433 vs today)
Do-nothing baseline at SS: $1,249 (this trade vs do-nothing: $-12,640, the opportunity cost of earning $3,750/mo FIGHT income now)
BB-reversion stress (→ $34.93 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$16,575, position total $-11,787 (+$6,038 vs today)
100% normal19 × $2617 Jul6d4.5%66%71%$1,520$7,600+$3,850$12,437
Sell 19 × $26 4.5% OTM over spot $24.88 17 Jul 2026 (6d, $0.88 mid)
= $1,520 credit for the 6d cycle → $7,600/mo projected
Survival (stays ≤ $26)
66%
Breach risk
34%
POP (stays ≤ $26.88)
75%
EV / mo
+$1,751
📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo)   whole in 1.3 mo [0.7-2.8] median, 0.1 mo faster than no FIGHT (1.4 mo)  ·  75% of paths whole by 9 mo (vs 64% without)  ·  ~12.9 challenges expected  ·  median CC cash $6,789
🛡 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)
54%
Flat exit net (mid-life)
-$527
Free roll-up
+$1/wk
Safest escape (by 31 Jul 2026)
$33 @ 89% POP
88% survival
Roll menuyour doors if the call gets challenged; each row = buy back the 19 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $1.52/sh now → $1.08 mid-life (likely $1.34–$2.00)≈ $0 at expiry  |  you banked $0.80/sh, so a flat mid-life exit nets -$0.28/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 1,634 simulated challenges: the $26 strike is typically first touched on day 2 of 6, at $27 (overshoots $0.77). 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.
MoveNew strike ≈New expiryTenorEst netTotal (19 ct)POP / surv
of new CC
If rolled & exited
total P&L · cap gain @ new strike
Max even-money escape in the band~$2831 Jul 202617d left+$0.41/sh+$787
cycle +$2,307
[+$135…+$594] · 84% credit
76%
surv 68%
-$8,222 NOT
cap gain +$9,603
SS $40 not reachable for even money within 45d; this is the ceiling of the free ladder
Roll out (same strike, buy time)~$2624 Jul 202610d left+$0.22/sh+$419
cycle +$1,939
[-$295…+$215] · 45% credit
65%
surv 53%
-$13,360 NOT
cap gain +$4,465
Up-and-out for even (raise the cap, free)~$2724 Jul 202610d left+$0.16/sh+$311
cycle +$1,831
[-$349…+$119] · 35% credit
69%
surv 59%
-$12,073 NOT
cap gain +$5,752
Safety roll (pay small debit, max POP)~$3331 Jul 202617d left-$0.77/sh-$1,458
cycle +$62
[-$2,835…-$1,862]
89%
surv 88%
+$783 SAFE
cap gain +$18,608
budget: banked $1,520 debit $1,458 (96% used ≈ 0.8 wk of income) → whole cycle still +$62 cash · rolled 19 ct earn ≈ $1,040/mo while parked; 6 ct free to re-sell
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 stress
Income coverage
Gross FIGHT income$7,600/mo
vs 50% target ($3,606/mo)+111%
vs normal income ($7,212/mo)105% covered
Net income (after hedge)$7,614/mo
Downside budget
⚠ $26 is $7 below CC-SS $33.35: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$12,437
… as % of IC ($5,525)225.1%
… as % of ML ($55,525)22.4%
Recovery months (at normal income)1.7 mo
Surgical close (19 ct)$-13,699
Tripwiresprice and time left decide together; the matrix is the playbook
The one rule: roll when the short call's remaining TIME VALUE < $0.20/sh (~25% of the $0.80 collected) or spot ≥ $26.88 (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 $35.82 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 4d left3d left≤ 2d (expiry)
Below $25.74Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$26-26.88
Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.★ Roll on strength NOW: cheap buyback, fat credits.Close or roll same day; pin risk at the strike.
Through breakeven
≥ $26.88
Act now: intrinsic compounds daily. Up-and-out or safety roll.Roll or close immediately; time value is gone.Close today, or be assigned.
If held to expiryexact, settlement = intrinsic  ·  fortress delta 0.90 (fallback)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$26.00 (≤1σ, normal week)$1,520$-13,779+$4,046+$1,501
+2.5%$26.65 (≤1σ, normal week)$285$-13,551+$4,274+$266
+5%$27.30 (≤1σ, normal week)$-950$-13,324+$4,501-$969
SS (= V-bounce)$39.71 (4.7σ)$-24,529$-8,980+$8,844-$24,548
V-BOUNCE STRESS (stock → CC-SS $33.35, where you are whole again, by expiry)
Starting unrealized P&L: $-17,825
+ Fortress recovery (un-capped): +$19,049
− CC assignment net of premium (19 × $26): -$12,437
+ Conservative CC premium (6 × $40): +$6
Total Position P&L @ SS: $-11,208 (+$6,617 vs today)
Do-nothing baseline at SS: $1,249 (this trade vs do-nothing: $-12,456, the opportunity cost of earning $7,600/mo FIGHT income now)
BB-reversion stress (→ $34.93 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$15,447, position total $-10,653 (+$7,172 vs today)
A nudge, not a rule: the engine maximizes income at acceptable safety; this weighs the income you would give up against the breach risk you would shed. Your hedge bleed and your read on GLXY are the tiebreakers.
⚔ FIGHT CC options · full candidate scan (17 clear the floor), click to expand

Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 17 clear the income floor), each sized to the minimum contracts that clear it. Sorted by survival (safest first): the primary 🎯 is the safest; rows below trade safety for income.

Fortress delta: 0.900 (fallback)  |  Recovery@SS: +$19,049 (un-capped fortress gain if stock rallies to SS)  |  Do-nothing @ SS: $1,249

StrikeDTEExpiryBidSellIncome/moNet/moSurvivalPOP (mid)EV/moCap Give-up @ CC-SS%ICTotal P&L @ SS
$286d17 Jul 2026$0.3025/25$3,750$3,75084%86%+$1,155-$12,615228.3%$-11,392 (vs do-nothing $-12,640)
$27.506d17 Jul 2026$0.4019/25$3,800$3,81480%84%+$1,180-$10,347187.3%$-9,118 (vs do-nothing $-10,366)
$276d17 Jul 2026$0.4616/25$3,680$3,70176%81%+$771-$9,418170.5%$-8,185 (vs do-nothing $-9,434)
$27.5013d24 Jul 2026$0.8918/25$3,697$3,71374%80%+$920-$8,921161.5%$-7,690 (vs do-nothing $-8,939)
$2713d24 Jul 2026$0.8319/25$3,639$3,65370%78%+$146-$10,480189.7%$-9,251 (vs do-nothing $-10,499)
$2720d31 Jul 2026$1.5316/25$3,672$3,69368%77%+$787-$7,706139.5%$-6,473 (vs do-nothing $-7,722)
$26.5013d24 Jul 2026$0.6724/25$3,711$3,71367%75%$-1,522-$14,822268.3%$-13,598 (vs do-nothing $-14,846)
$266d17 Jul 2026$0.8010/25$4,000$4,03566%75%+$922-$6,546118.5%$-5,307 (vs do-nothing $-6,556)
$26.5020d31 Jul 2026$1.7115/25$3,848$3,87165%75%+$774-$7,704139.4%$-6,470 (vs do-nothing $-7,719)
$2613d24 Jul 2026$1.1514/25$3,715$3,74163%73%+$114-$8,674157.0%$-7,440 (vs do-nothing $-8,688)
$2620d31 Jul 2026$1.9013/25$3,705$3,73362%74%+$688-$7,080128.1%$-5,844 (vs do-nothing $-7,093)
$25.5013d24 Jul 2026$1.3412/25$3,711$3,74159%72%+$88-$7,807141.3%$-6,571 (vs do-nothing $-7,819)
$25.5020d31 Jul 2026$2.0912/25$3,762$3,79259%72%+$618-$6,907125.0%$-5,671 (vs do-nothing $-6,919)
Show 4 more candidates (lower strikes: more income, lower survival)
StrikeDTEExpiryBidSellIncome/moNet/moSurvivalPOP (mid)EV/moCap Give-up @ CC-SS%ICTotal P&L @ SS
$2520d31 Jul 2026$2.2911/25$3,778$3,81156%70%+$536-$6,662120.6%$-5,424 (vs do-nothing $-6,673)
$2513d24 Jul 2026$1.2513/25$3,750$3,77855%68%$-828-$9,225167.0%$-7,989 (vs do-nothing $-9,238)
$256d17 Jul 2026$1.207/25$4,200$4,24254%69%+$711-$5,00290.5%$-3,761 (vs do-nothing $-5,009)
$24.5013d24 Jul 2026$1.819/25$3,759$3,79650%68%+$84-$6,332114.6%$-5,093 (vs do-nothing $-6,341)

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 25 contracts at the conservative CC.

fortress_fight.py v6.1  |  2026-07-11 13:38