125 contracts (12,500 sh) | BE SS: $39.71 | CC-SS: $33.43 (banked floor $33.35) | IV: HIGH | Accounts: Main:1299
| Max Loss | $277,625 | (ND $2.21 + SW $20) x 12500 |
| Normal income ref | $56,750/mo | 95% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $3,908/mo (info only, already in marks) |
| Unrealized P&L | $-89,500 | 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 🏆 | 31 Jul 2026 · 8d | 110 × $27.50 | 76% | $28,462 | $7,005 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | FIGHT edge | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▸ | 🛡 safe yield | 125 × $30.50 | 31 Jul | 8d | 22.0% | 91% | 19% | +4pp | $2,500 | $9,375 | -$19,088 | $34,129 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 125 × $30.50 22.0% OTM over spot $25.00 31 Jul 2026 (8d, $0.28 mid) = $2,500 credit for the 8d cycle → $9,375/mo projected Survival (stays ≤ $30.50) 91% Breach risk 9% POP (stays ≤ $30.77) 92% EV / mo +$3,854 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +4pp 64% whole by 9mo vs 60% doing nothing FIRE DRILLS ~0.7/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $6,122/mo median; plan ~$4,163/mo after 68% keep · $23,351 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.3 mo [0.7-2.6], measured ONLY among the 64% of futures that got whole 🛡 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) 13% Flat exit net (mid-life) -$17,448 Free roll-up +$3/wk Safest escape (by 14 Aug 2026) $36 @ 82% POP 77% 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 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.26/sh now → $1.60 mid-life (likely $1.38–$2.15) → ≈ $0 at expiry | you banked $0.20/sh, so a flat mid-life exit nets -$1.40/sh | roll rows are incremental, the banked premium stays yours 📊 Across 378 simulated challenges: the $30 strike is typically first touched on day 6 of 8, at $31 (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 ⚠ $30.50 is $3 below CC-SS $33.43: 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 $0.20 collected) or spot ≥ $30.77 (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 $29.02 (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 $33.43, where you are whole again, by expiry) Starting unrealized P&L: $-89,500 + Fortress recovery (un-capped): +$89,256 − CC assignment net of premium (125 × $30.50): -$34,129 Total Position P&L @ SS: $-34,373 (+$55,127 vs today) Do-nothing baseline at SS: $1,131 (this trade vs do-nothing: $-35,504, the opportunity cost of earning $9,375/mo FIGHT income now) BB-reversion stress (→ $34.85 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$51,875, position total $-37,088 (+$52,412 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 105 × $28.50 | 31 Jul | 8d | 14.0% | 82% | 37% | +8pp | $5,040 | $18,900 | -$9,563 | $46,728 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 105 × $28.50 14.0% OTM over spot $25.00 31 Jul 2026 (8d, $0.53 mid) = $5,040 credit for the 8d cycle → $18,900/mo projected Survival (stays ≤ $28.50) 82% Breach risk 18% POP (stays ≤ $29.03) 85% EV / mo +$7,125 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +8pp 67% whole by 9mo vs 59% doing nothing FIRE DRILLS ~1.5/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $10,771/mo median; plan ~$7,324/mo after 68% keep · $32,900 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.2 mo [0.6-2.6], measured ONLY among the 67% of futures that got whole 🛡 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) -$10,067 Free roll-up +$2/wk Safest escape (by 14 Aug 2026) $34 @ 85% POP 82% survival Roll menuyour doors if the call gets challenged; each row = buy back the 105 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $2.03/sh now → $1.44 mid-life (likely $1.41–$2.27) → ≈ $0 at expiry | you banked $0.48/sh, so a flat mid-life exit nets -$0.96/sh | roll rows are incremental, the banked premium stays yours 📊 Across 817 simulated challenges: the $28 strike is typically first touched on day 5 of 8, at $29 (overshoots $0.92). 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 $33.43: 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 $0.48 collected) or spot ≥ $29.03 (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 $29.02 (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 $33.43, where you are whole again, by expiry) Starting unrealized P&L: $-89,500 + Fortress recovery (un-capped): +$89,256 − CC assignment net of premium (105 × $28.50): -$46,728 + Conservative CC premium (20 × $37): +$220 Total Position P&L @ SS: $-46,752 (+$42,748 vs today) Do-nothing baseline at SS: $1,131 (this trade vs do-nothing: $-47,883, the opportunity cost of earning $18,900/mo FIGHT income now) BB-reversion stress (→ $34.85 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$61,635, position total $-46,628 (+$42,872 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 110 × $27.50 | 31 Jul | 8d | 10.0% | 76% | 38% | +7pp | $7,590 | $28,462 | — | $57,644 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 110 × $27.50 10.0% OTM over spot $25.00 31 Jul 2026 (8d, $0.74 mid) = $7,590 credit for the 8d cycle → $28,462/mo projected Survival (stays ≤ $27.50) 76% Breach risk 24% POP (stays ≤ $28.24) 81% EV / mo +$9,193 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +7pp 71% whole by 9mo vs 64% doing nothing FIRE DRILLS ~2.1/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $14,154/mo median; plan ~$9,624/mo after 68% keep · $34,864 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.2 mo [0.6-2.5], measured ONLY among the 71% of futures that got whole 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 38% Flat exit net (mid-life) -$7,402 Free roll-up +$2/wk Safest escape (by 7 Aug 2026) $33 @ 88% POP 86% survival Roll menuyour doors if the call gets challenged; each row = buy back the 110 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $1.93/sh now → $1.36 mid-life (likely $1.53–$2.23) → ≈ $0 at expiry | you banked $0.69/sh, so a flat mid-life exit nets -$0.67/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,145 simulated challenges: the $28 strike is typically first touched on day 4 of 8, at $28 (overshoots $0.85). 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 ⚠ $27.50 is $6 below CC-SS $33.43: 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 < $0.17/sh (~25% of the $0.69 collected) or spot ≥ $28.24 (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 $29.02 (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 $33.43, where you are whole again, by expiry) Starting unrealized P&L: $-89,500 + Fortress recovery (un-capped): +$89,256 − CC assignment net of premium (110 × $27.50): -$57,644 + Conservative CC premium (15 × $37): +$165 Total Position P&L @ SS: $-57,723 (+$31,777 vs today) Do-nothing baseline at SS: $1,131 (this trade vs do-nothing: $-58,854, the opportunity cost of earning $28,462/mo FIGHT income now) BB-reversion stress (→ $34.85 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$73,260, position total $-58,308 (+$31,192 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 115 × $25.50 | 31 Jul | 8d | 2.0% | 58% | 89% | +11pp | $15,180 | $56,925 | +$28,462 | $76,019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 115 × $25.50 2.0% OTM over spot $25.00 31 Jul 2026 (8d, $1.39 mid) = $15,180 credit for the 8d cycle → $56,925/mo projected Survival (stays ≤ $25.50) 58% Breach risk 42% POP (stays ≤ $26.89) 71% EV / mo +$10,977 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +11pp 78% whole by 9mo vs 67% doing nothing FIRE DRILLS ~4.9/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $23,023/mo median; plan ~$15,656/mo after 68% keep · $45,417 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.2 mo [0.5-2.4], measured ONLY among the 78% of futures that got whole 🛡 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) 69% Flat exit net (mid-life) +$1,187 Free roll-up +$2/wk Safest escape (by 7 Aug 2026) $32 @ 91% POP 90% survival Roll menuyour doors if the call gets challenged; each row = buy back the 115 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $1.72/sh now → $1.22 mid-life (likely $1.67–$2.42) → ≈ $0 at expiry | you banked $1.32/sh, so a flat mid-life exit nets +$0.10/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,073 simulated challenges: the $26 strike is typically first touched on day 2 of 8, at $26 (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 ⚠ $25.50 is $8 below CC-SS $33.43: 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 < $0.33/sh (~25% of the $1.32 collected) or spot ≥ $26.89 (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 $29.02 (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 $33.43, where you are whole again, by expiry) Starting unrealized P&L: $-89,500 + Fortress recovery (un-capped): +$89,256 − CC assignment net of premium (115 × $25.50): -$76,019 + Conservative CC premium (10 × $37): +$110 Total Position P&L @ SS: $-76,153 (+$13,347 vs today) Do-nothing baseline at SS: $1,131 (this trade vs do-nothing: $-77,284, the opportunity cost of earning $56,925/mo FIGHT income now) BB-reversion stress (→ $34.85 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$92,345, position total $-77,448 (+$12,052 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 18 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: 0.847 (IBKR) | Recovery@SS: +$89,256 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $1,131
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $27.50 | 8d | 31 Jul 2026 | $0.69 | 110/125 | $28,462 | $28,792 | 76% | 81% | +$9,193 | -$57,644 | 208.7% | $-57,723 (vs do-nothing $-58,854) |
| $28 | 15d | 7 Aug 2026 | $1.26 | 113/125 | $28,476 | $28,740 | 74% | 81% | +$11,850 | -$47,125 | 170.6% | $-47,237 (vs do-nothing $-48,368) |
| $27 | 8d | 31 Jul 2026 | $0.83 | 92/125 | $28,635 | $29,361 | 72% | 78% | +$8,639 | -$51,523 | 186.5% | $-51,404 (vs do-nothing $-52,535) |
| $27.50 | 15d | 7 Aug 2026 | $1.32 | 108/125 | $28,512 | $28,886 | 71% | 79% | +$9,936 | -$49,791 | 180.2% | $-49,848 (vs do-nothing $-50,979) |
| $27 | 15d | 7 Aug 2026 | $1.36 | 105/125 | $28,560 | $29,000 | 68% | 77% | +$7,534 | -$53,238 | 192.7% | $-53,262 (vs do-nothing $-54,393) |
| $26.50 | 8d | 31 Jul 2026 | $0.97 | 79/125 | $28,736 | $29,748 | 68% | 76% | +$7,557 | -$47,087 | 170.4% | $-46,825 (vs do-nothing $-47,956) |
| $27 | 22d | 14 Aug 2026 | $1.77 | 118/125 | $28,481 | $28,635 | 67% | 76% | +$6,644 | -$54,992 | 199.1% | $-55,159 (vs do-nothing $-56,290) |
| $26.50 | 15d | 7 Aug 2026 | $1.55 | 92/125 | $28,520 | $29,246 | 65% | 76% | +$7,164 | -$49,499 | 179.2% | $-49,380 (vs do-nothing $-50,511) |
| $26 | 8d | 31 Jul 2026 | $1.11 | 69/125 | $28,721 | $29,953 | 63% | 73% | +$6,055 | -$43,610 | 157.9% | $-43,238 (vs do-nothing $-44,369) |
| $26 | 15d | 7 Aug 2026 | $1.72 | 83/125 | $28,552 | $29,476 | 62% | 74% | +$6,315 | -$47,396 | 171.6% | $-47,178 (vs do-nothing $-48,309) |
| $26 | 22d | 14 Aug 2026 | $2.15 | 97/125 | $28,439 | $29,055 | 61% | 73% | +$5,825 | -$51,219 | 185.4% | $-51,155 (vs do-nothing $-52,286) |
| $25.50 | 8d | 31 Jul 2026 | $1.32 | 58/125 | $28,710 | $30,184 | 58% | 71% | +$5,536 | -$38,340 | 138.8% | $-37,847 (vs do-nothing $-38,978) |
| $25.50 | 15d | 7 Aug 2026 | $2.03 | 70/125 | $28,420 | $29,630 | 58% | 73% | +$6,871 | -$41,302 | 149.5% | $-40,941 (vs do-nothing $-42,072) |
| 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 | 22d | 14 Aug 2026 | $2.48 | 84/125 | $28,407 | $29,309 | 55% | 70% | +$4,000 | -$49,983 | 180.9% | $-49,776 (vs do-nothing $-50,907) |
| $25 | 15d | 7 Aug 2026 | $2.27 | 63/125 | $28,602 | $29,966 | 54% | 71% | +$6,420 | -$38,810 | 140.5% | $-38,372 (vs do-nothing $-39,503) |
| $25 | 8d | 31 Jul 2026 | $1.55 | 49/125 | $28,481 | $30,153 | 53% | 69% | +$4,859 | -$33,714 | 122.0% | $-33,122 (vs do-nothing $-34,253) |
| $24.50 | 15d | 7 Aug 2026 | $2.51 | 57/125 | $28,614 | $30,110 | 50% | 69% | +$5,766 | -$36,596 | 132.5% | $-36,092 (vs do-nothing $-37,223) |
| $24.50 | 8d | 31 Jul 2026 | $1.79 | 43/125 | $28,864 | $30,668 | 48% | 66% | +$4,067 | -$30,703 | 111.1% | $-30,045 (vs do-nothing $-31,176) |
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.