GLXYBBC @ $25.35 UNDERWATER $14.36 (36.2% below BE SS)
⚠ EARNINGS · DO NOT SELL INCOME INTO IT
GLXY reports 2026-08-05 (Wed), in 14 days. The recommended CC (16d) expires on/after it, so selling now holds a short call through the earnings gap, a report can blow past your strike overnight and cap you at a loss. Wait for the print, or sell only an expiry that closes BEFORE 2026-08-05.
125 contracts (12,500 sh) | BE SS: $39.71 | CC-SS: $33.19 (banked floor $33.11) | 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 | $277,625 | (ND $2.21 + SW $20) x 12500 |
| Normal income ref | $40,078/mo | 95% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $4,551/mo (info only, already in marks) |
| Unrealized P&L | $-83,250 | fortress legs from IBKR |
INCOME GOALPOSTS & VELOCITY
50% INCOME FLOOR
$20,039/mo
HEDGE COVER
$0/mo (static)
NORMAL INCOME
$40,078/mo (ATM CC, chain)
IC VELOCITY
0.7 mo to earn back $27,625
ML VELOCITY
6.9 mo to earn back $277,625
NOT a deep drawdown: a CC at CC-SS $33.19 (probe: $33C 16d) still earns $9,844/mo (25% of normal). Sell the normal CC at/above CC-SS; a FIGHT CC below it is not needed here.
🏦 CAMPAIGN LEDGER , realized CC income since 2026-07-02; banked cash shrinks the hole (shown as an info-only banked floor, the recommended CC-SS stays the pure recovery strike; seeded from open positions, reconciled from IBKR executions nightly)
Banked since 2026-07-02
$879
Hole (after banked)
$82,371
was $83,250 · 1% earned back
CC-SS · banked floor (info)
$33.19 → $33.11
TECHNICALS (cc_timing weekly gate + daily trigger)
WEEKLYNEUTRAL · %B 47 (live) · RSI 48 · MACD bearish, hist falling
DAILYRISING (provisional) · RSI 47 · %B 52 · hist rising (nightly)
LEVELSUpper BB (CC ceiling) $34.82 (+37%) · daily UBB $28.99 · 1-wk expected move ±$4 (chain IV)
SETUPNo tilt: engine default. (advisory; floors and picks are chain-only)
⚠ Next earnings 2026-08-05: candidates whose expiry crosses it are flagged in the spectrum; EV is unreliable across earnings.
NOT a deep drawdown. A CC at/above CC-SS $33.19 keeps this fortress whole if assigned, so there is no need to FIGHT below it. Three income options to consider, richer → safer, all at/above CC-SS. Click a card for its if-challenged roll menu.
💰 Richer · sell 125 × $34 14 Aug 2026 (23d) · more income, lower survivalroll menu if challenged ▾
Survival (stays ≤ $34)
89%
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 11 of 23); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $6.39/sh now → $4.53 mid-life → ≈ $0 at expiry | you banked $0.15/sh, so a flat mid-life exit nets -$4.38/sh | roll rows are incremental, the banked premium stays yours
| Move | New strike ≈ | New expiry | Tenor | Est net | Total (125 ct) | POP / surv
of new CC |
|---|
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.
🎯 Recommended · sell 125 × $33.50 7 Aug 2026 (16d) · richest strike still ≥80% survivalroll menu if challenged ▾
Survival (stays ≤ $33.50)
90%
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 8 of 16); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $4.50/sh now → $3.18 mid-life (likely $2.73–$4.23) → ≈ $0 at expiry | you banked $0.12/sh, so a flat mid-life exit nets -$3.06/sh | roll rows are incremental, the banked premium stays yours
📊 Across 486 simulated challenges: the $34 strike is typically first touched on day 10 of 16, at $35 (overshoots $1.25). 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.
| Move | New strike ≈ | New expiry | Tenor | Est net | Total (125 ct) | POP / surv
of new CC |
|---|
| Roll out (same strike, buy time) | ~$34 | 14 Aug 2026 | 15d left | -$0.77/sh | -$9,613 cycle -$8,113 [-$14,659…-$4,207] · 15% credit | 66% surv 55% |
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.
🛡 Safer · sell 125 × $37 7 Aug 2026 (16d) · higher survival, lighter premiumroll menu if challenged ▾
Survival (stays ≤ $37)
95%
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 8 of 16); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $5.23/sh now → $3.70 mid-life (likely $2.56–$4.52) → ≈ $0 at expiry | you banked $0.03/sh, so a flat mid-life exit nets -$3.67/sh | roll rows are incremental, the banked premium stays yours
📊 Across 203 simulated challenges: the $37 strike is typically first touched on day 12 of 16, at $38 (overshoots $1.26). 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.
| Move | New strike ≈ | New expiry | Tenor | Est net | Total (125 ct) | POP / surv
of new CC |
|---|
| Roll out (same strike, buy time) | ~$37 | 14 Aug 2026 | 15d left | -$0.89/sh | -$11,069 cycle -$10,694 [-$14,783…+$604] · 26% credit | 66% surv 55% |
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.
⚔ FIGHT CC options · full candidate scan (20 clear the floor), click to expand
Every eligible strike x expiry in the 2-45 DTE band (4 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: 0.850 (IBKR) | Recovery@SS: +$83,307 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $432
| 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 | 9d | 31 Jul 2026 | $0.65 | 93/125 | $20,150 | $20,330 | 74% | 80% | +$1,786 | -$42,228 | 152.9% | $-42,075 (vs do-nothing $-42,507) |
| $27.50 | 9d | 31 Jul 2026 | $0.57 | 106/125 | $20,140 | $20,247 | 71% | 77% | $-5,174 | -$54,279 | 196.5% | $-54,165 (vs do-nothing $-54,597) |
| $28 | 16d | 7 Aug 2026 | $0.92 | 117/125 | $20,182 | $20,228 | 71% | 78% | $-2,866 | -$49,966 | 180.9% | $-49,886 (vs do-nothing $-50,317) |
| $27.50 | 16d | 7 Aug 2026 | $1.08 | 99/125 | $20,048 | $20,194 | 68% | 76% | $-2,201 | -$45,645 | 165.2% | $-45,511 (vs do-nothing $-45,942) |
| $27 | 9d | 31 Jul 2026 | $0.67 | 90/125 | $20,100 | $20,297 | 67% | 75% | $-5,732 | -$49,686 | 179.9% | $-49,524 (vs do-nothing $-49,956) |
| $27 | 16d | 7 Aug 2026 | $1.20 | 90/125 | $20,250 | $20,447 | 65% | 75% | $-2,766 | -$44,916 | 162.6% | $-44,754 (vs do-nothing $-45,186) |
| $27 | 23d | 14 Aug 2026 | $1.34 | 115/125 | $20,100 | $20,156 | 64% | 74% | $-4,197 | -$55,782 | 201.9% | $-55,696 (vs do-nothing $-56,127) |
| $26.50 | 9d | 31 Jul 2026 | $0.81 | 75/125 | $20,250 | $20,531 | 63% | 73% | $-5,453 | -$44,105 | 159.7% | $-43,898 (vs do-nothing $-44,330) |
| $26 | 2d | 24 Jul 2026 | $0.22 | 61/125 | $20,130 | $20,490 | 63% | 74% | $-27,264 | -$42,521 | 153.9% | $-42,272 (vs do-nothing $-42,704) |
| $26.50 | 16d | 7 Aug 2026 | $1.35 | 80/125 | $20,250 | $20,503 | 62% | 73% | $-2,965 | -$42,725 | 154.7% | $-42,533 (vs do-nothing $-42,965) |
| $26 | 9d | 31 Jul 2026 | $0.85 | 71/125 | $20,117 | $20,420 | 59% | 71% | $-8,738 | -$45,018 | 163.0% | $-44,800 (vs do-nothing $-45,231) |
| $26 | 23d | 14 Aug 2026 | $1.86 | 83/125 | $20,137 | $20,373 | 59% | 72% | $-1,452 | -$44,244 | 160.2% | $-44,062 (vs do-nothing $-44,493) |
| $26 | 16d | 7 Aug 2026 | $1.51 | 71/125 | $20,102 | $20,406 | 59% | 71% | $-3,204 | -$40,332 | 146.0% | $-40,114 (vs do-nothing $-40,545) |
Show 7 more candidates (lower strikes: more income, lower survival)
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|
| $25.50 | 16d | 7 Aug 2026 | $1.71 | 63/125 | $20,199 | $20,548 | 56% | 69% | $-3,113 | -$37,678 | 136.4% | $-37,435 (vs do-nothing $-37,867) |
| $25.50 | 9d | 31 Jul 2026 | $1.04 | 58/125 | $20,107 | $20,484 | 55% | 69% | $-7,649 | -$38,574 | 139.6% | $-38,316 (vs do-nothing $-38,748) |
| $25.50 | 2d | 24 Jul 2026 | $0.35 | 39/125 | $20,475 | $20,959 | 54% | 69% | $-22,184 | -$28,628 | 103.6% | $-28,314 (vs do-nothing $-28,745) |
| $25 | 23d | 14 Aug 2026 | $2.02 | 77/125 | $20,288 | $20,558 | 53% | 70% | $-4,206 | -$47,514 | 172.0% | $-47,313 (vs do-nothing $-47,745) |
| $25 | 16d | 7 Aug 2026 | $1.91 | 56/125 | $20,055 | $20,443 | 52% | 68% | $-3,220 | -$35,172 | 127.3% | $-34,908 (vs do-nothing $-35,340) |
| $25 | 9d | 31 Jul 2026 | $1.24 | 49/125 | $20,253 | $20,681 | 50% | 66% | $-7,162 | -$34,058 | 123.3% | $-33,773 (vs do-nothing $-34,205) |
| $25 | 2d | 24 Jul 2026 | $1.05 | 13/125 | $20,475 | $21,105 | 46% | 67% | +$1,152 | -$9,283 | 33.6% | $-8,890 (vs do-nothing $-9,322) |
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.