15 contracts (1,500 sh) | BE SS: $373.00 | CC-SS: $353.76 | IV: MEDIUM | Accounts: Neville:0865
| Max Loss | $162,000 | (ND $73.00 + SW $35) x 1500 |
| Normal income ref | $39,857/mo | 75% ann ROI on ML |
| Hedge rolling cost | $2,676/mo | |
| Unrealized P&L | $19,800 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 15x $375C 10 Jul 2026 | U13190865 | $1.85 | $2,779 | 2026-07-07 |
| 5x $400C 31 Jul 2026 | U13190865 | $3.20 | $1,598 | 2026-07-07 |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 15 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 | 15 × $362.50 | 72% | $20,893 | $5,830 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 11 × $380 | 17 Jul | 7d | 7.4% | 94% | 12% | $638 | $2,734 | -$18,159 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 11 × $380 7.4% OTM over spot $353.76 17 Jul 2026 (7d, $0.62 mid) = $638 credit for the 7d cycle → $2,734/mo projected Survival (stays ≤ $380) 94% Breach risk 6% POP (stays ≤ $380.62) 95% EV / mo +$1,842 🛡 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) 6% Flat exit net (mid-life) -$5,406 Free roll-up +$14/wk Safest escape (by 31 Jul 2026) $401 @ 80% POP 75% survival Roll menuyour doors if the call gets challenged; each row = buy back the 11 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: $7.77/sh now → $5.49 mid-life (likely $4.75–$7.69) → ≈ $0 at expiry | you banked $0.58/sh, so a flat mid-life exit nets -$4.91/sh | roll rows are incremental, the banked premium stays yours 📊 Across 167 simulated challenges: the $380 strike is typically first touched on day 5 of 7, at $384 (overshoots $3.92). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ✓ $380 is at/above CC-SS $353.76: 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 < $0.14/sh (~25% of the $0.58 collected) or spot ≥ $380.62 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $380)); NOT the premium you collected. Momentum override: two daily closes above $373.63 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.86 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $353.76, where you are whole again, by expiry) Starting unrealized P&L: $19,800 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (11 × $380): -$0 + Conservative CC premium (4 × $372.50): +$2,360 Total Position P&L @ SS: $22,160 (+$2,360 vs today) Do-nothing baseline at SS: $28,650 (this trade vs do-nothing: $-6,490, the opportunity cost of earning $2,734/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 15 × $375 | 17 Jul | 7d | 6.0% | 91% | 19% | $1,485 | $6,364 | -$14,529 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 15 × $375 6.0% OTM over spot $353.76 17 Jul 2026 (7d, $1.04 mid) = $1,485 credit for the 7d cycle → $6,364/mo projected Survival (stays ≤ $375) 91% Breach risk 9% POP (stays ≤ $376.04) 92% EV / mo +$3,858 🛡 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) -$6,649 Free roll-up +$14/wk Safest escape (by 31 Jul 2026) $401 @ 83% POP 79% survival Roll menuyour doors if the call gets challenged; each row = buy back the 15 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: $7.67/sh now → $5.42 mid-life (likely $4.84–$7.63) → ≈ $0 at expiry | you banked $0.99/sh, so a flat mid-life exit nets -$4.43/sh | roll rows are incremental, the banked premium stays yours 📊 Across 384 simulated challenges: the $375 strike is typically first touched on day 5 of 7, at $378 (overshoots $3.40). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ✓ $375 is at/above CC-SS $353.76: 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 < $0.25/sh (~25% of the $0.99 collected) or spot ≥ $376.04 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $375)); NOT the premium you collected. Momentum override: two daily closes above $373.63 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.86 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $353.76, where you are whole again, by expiry) Starting unrealized P&L: $19,800 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (15 × $375): -$0 Total Position P&L @ SS: $19,800 (+$0 vs today) Do-nothing baseline at SS: $28,650 (this trade vs do-nothing: $-8,850, the opportunity cost of earning $6,364/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 15 × $367.50 | 17 Jul | 7d | 3.9% | 81% | 38% | $3,255 | $13,950 | -$6,943 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 15 × $367.50 3.9% OTM over spot $353.76 17 Jul 2026 (7d, $2.21 mid) = $3,255 credit for the 7d cycle → $13,950/mo projected Survival (stays ≤ $367.50) 81% Breach risk 19% POP (stays ≤ $369.71) 85% EV / mo +$6,872 🛡 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) 28% Flat exit net (mid-life) -$4,716 Free roll-up +$14/wk Safest escape (by 31 Jul 2026) $399 @ 85% POP 83% survival Roll menuyour doors if the call gets challenged; each row = buy back the 15 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: $7.52/sh now → $5.31 mid-life (likely $5.53–$8.76) → ≈ $0 at expiry | you banked $2.17/sh, so a flat mid-life exit nets -$3.14/sh | roll rows are incremental, the banked premium stays yours 📊 Across 840 simulated challenges: the $368 strike is typically first touched on day 4 of 7, at $371 (overshoots $3.67). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ✓ $367.50 is at/above CC-SS $353.76: 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 < $0.54/sh (~25% of the $2.17 collected) or spot ≥ $369.71 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $368)); NOT the premium you collected. Momentum override: two daily closes above $373.63 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.86 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $353.76, where you are whole again, by expiry) Starting unrealized P&L: $19,800 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (15 × $367.50): -$0 Total Position P&L @ SS: $19,800 (+$0 vs today) Do-nothing baseline at SS: $28,650 (this trade vs do-nothing: $-8,850, the opportunity cost of earning $13,950/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 15 × $362.50 | 17 Jul | 7d | 2.5% | 72% | 45% | $4,875 | $20,893 | — | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 15 × $362.50 2.5% OTM over spot $353.76 17 Jul 2026 (7d, $3.40 mid) = $4,875 credit for the 7d cycle → $20,893/mo projected Survival (stays ≤ $362.50) 72% Breach risk 28% POP (stays ≤ $365.90) 78% EV / mo +$7,575 🛡 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) 45% Flat exit net (mid-life) -$2,988 Free roll-up +$14/wk Safest escape (by 31 Jul 2026) $404 @ 90% POP 89% survival Roll menuyour doors if the call gets challenged; each row = buy back the 15 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: $7.41/sh now → $5.24 mid-life (likely $6.11–$9.15) → ≈ $0 at expiry | you banked $3.25/sh, so a flat mid-life exit nets -$1.99/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,341 simulated challenges: the $362 strike is typically first touched on day 3 of 7, at $366 (overshoots $3.61). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ✓ $362.50 is at/above CC-SS $353.76: 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 < $0.81/sh (~25% of the $3.25 collected) or spot ≥ $365.90 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $362)); NOT the premium you collected. Momentum override: two daily closes above $373.63 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.86 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $353.76, where you are whole again, by expiry) Starting unrealized P&L: $19,800 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (15 × $362.50): -$0 Total Position P&L @ SS: $19,800 (+$0 vs today) Do-nothing baseline at SS: $28,650 (this trade vs do-nothing: $-8,850, the opportunity cost of earning $20,893/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 15 × $355 | 17 Jul | 7d | 0.4% | 54% | 94% | $9,525 | $40,821 | +$19,929 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 15 × $355 0.4% OTM over spot $353.76 17 Jul 2026 (7d, $6.45 mid) = $9,525 credit for the 7d cycle → $40,821/mo projected Survival (stays ≤ $355) 54% Breach risk 46% POP (stays ≤ $361.45) 69% EV / mo +$10,536 🛡 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) 75% Flat exit net (mid-life) +$1,825 Free roll-up +$14/wk Safest escape (by 31 Jul 2026) $401 @ 92% POP 91% survival Roll menuyour doors if the call gets challenged; each row = buy back the 15 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: $7.26/sh now → $5.13 mid-life (likely $7.07–$10.36) → ≈ $0 at expiry | you banked $6.35/sh, so a flat mid-life exit nets +$1.22/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,241 simulated challenges: the $355 strike is typically first touched on day 2 of 7, at $359 (overshoots $4.12). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ✓ $355 is at/above CC-SS $353.76: 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 < $1.59/sh (~25% of the $6.35 collected) or spot ≥ $361.45 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $355)); NOT the premium you collected. Momentum override: two daily closes above $373.63 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.86 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $353.76, where you are whole again, by expiry) Starting unrealized P&L: $19,800 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (15 × $355): -$0 Total Position P&L @ SS: $19,800 (+$0 vs today) Do-nothing baseline at SS: $28,650 (this trade vs do-nothing: $-8,850, the opportunity cost of earning $40,821/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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: 0.860 (IBKR) | Recovery@SS: +$0 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $28,650
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $362.50 | 7d | 17 Jul 2026 | $3.25 | 15/15 | $20,893 | $18,217 | 72% | 78% | +$7,575 | -$0 | 0.0% | $24,675 (vs do-nothing $-3,975) |
| $370 | 14d | 24 Jul 2026 | $6.60 | 15/15 | $21,214 | $18,538 | 71% | 78% | +$6,467 | -$0 | 0.0% | $29,700 (vs do-nothing +$1,050) |
| $367.50 | 14d | 24 Jul 2026 | $7.35 | 13/15 | $20,475 | $20,328 | 68% | 76% | +$5,769 | -$0 | 0.0% | $30,535 (vs do-nothing +$1,885) |
| $360 | 7d | 17 Jul 2026 | $4.15 | 12/15 | $21,343 | $22,460 | 66% | 75% | +$7,073 | -$0 | 0.0% | $26,550 (vs do-nothing $-2,100) |
| $365 | 14d | 24 Jul 2026 | $8.20 | 12/15 | $21,086 | $22,203 | 65% | 74% | +$5,528 | -$0 | 0.0% | $31,410 (vs do-nothing +$2,760) |
| $365 | 21d | 31 Jul 2026 | $10.00 | 14/15 | $20,000 | $18,588 | 64% | 74% | +$5,000 | -$0 | 0.0% | $34,390 (vs do-nothing +$5,740) |
| $362.50 | 14d | 24 Jul 2026 | $9.10 | 11/15 | $21,450 | $23,831 | 63% | 73% | +$5,170 | -$0 | 0.0% | $32,170 (vs do-nothing +$3,520) |
| $357.50 | 7d | 17 Jul 2026 | $5.15 | 10/15 | $22,071 | $25,717 | 60% | 72% | +$6,431 | -$0 | 0.0% | $27,900 (vs do-nothing $-750) |
| $360 | 21d | 31 Jul 2026 | $12.00 | 12/15 | $20,571 | $21,688 | 59% | 71% | +$4,485 | -$0 | 0.0% | $35,970 (vs do-nothing +$7,320) |
| $357.50 | 14d | 24 Jul 2026 | $11.20 | 9/15 | $21,600 | $26,510 | 56% | 70% | +$4,455 | -$0 | 0.0% | $33,420 (vs do-nothing +$4,770) |
| $355 | 7d | 17 Jul 2026 | $6.35 | 8/15 | $21,771 | $27,946 | 54% | 69% | +$5,619 | -$0 | 0.0% | $29,010 (vs do-nothing +$360) |
| $355 | 21d | 31 Jul 2026 | $14.05 | 10/15 | $20,071 | $23,717 | 53% | 68% | +$3,514 | -$0 | 0.0% | $36,800 (vs do-nothing +$8,150) |
| $355 | 14d | 24 Jul 2026 | $12.40 | 8/15 | $21,257 | $27,431 | 53% | 68% | +$4,076 | -$0 | 0.0% | $33,850 (vs do-nothing +$5,200) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $352.50 | 14d | 24 Jul 2026 | $13.65 | 7/15 | $20,475 | $27,913 | 50% | 67% | +$3,597 | -$0 | 0.0% | $33,193 (vs do-nothing +$4,543) |
| $350 | 21d | 31 Jul 2026 | $16.80 | 9/15 | $21,600 | $26,510 | 48% | 66% | +$3,434 | -$0 | 0.0% | $35,076 (vs do-nothing +$6,426) |
| $352.50 | 7d | 17 Jul 2026 | $7.60 | 7/15 | $22,800 | $30,238 | 48% | 67% | +$4,899 | -$0 | 0.0% | $28,958 (vs do-nothing +$308) |
| $350 | 14d | 24 Jul 2026 | $15.00 | 7/15 | $22,500 | $29,938 | 47% | 66% | +$3,633 | -$0 | 0.0% | $32,388 (vs do-nothing +$3,738) |
| $347.50 | 14d | 24 Jul 2026 | $16.45 | 6/15 | $21,150 | $29,853 | 44% | 65% | +$3,149 | -$0 | 0.0% | $31,224 (vs do-nothing +$2,574) |
| $347.50 | 7d | 17 Jul 2026 | $10.45 | 5/15 | $22,393 | $32,360 | 35% | 62% | +$2,999 | -$0 | 0.0% | $27,795 (vs do-nothing $-855) |
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 15 contracts at the conservative CC.