15 contracts (1,500 sh) | BE SS: $373.00 | CC-SS: $355.21 | IV: MEDIUM | Accounts: Neville:0865
| Max Loss | $162,000 | (ND $73.00 + SW $35) x 1500 |
| Normal income ref | $40,950/mo | 75% ann ROI on ML |
| Hedge rolling cost | $2,656/mo | |
| Unrealized P&L | $21,525 | 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 | 13 × $362.50 | 69% | $20,893 | $7,243 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 14 × $382.50 | 17 Jul | 7d | 7.7% | 95% | 10% | $644 | $2,760 | -$18,133 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 14 × $382.50 7.7% OTM over spot $355.21 17 Jul 2026 (7d, $0.53 mid) = $644 credit for the 7d cycle → $2,760/mo projected Survival (stays ≤ $382.50) 95% Breach risk 5% POP (stays ≤ $383.02) 95% EV / mo +$1,798 🛡 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) -$6,906 Free roll-up +$12/wk Safest escape (by 24 Jul 2026) $395 @ 84% POP 75% survival Roll menuyour doors if the call gets challenged; each row = buy back the 14 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: $7.63/sh now → $5.39 mid-life (likely $3.89–$7.32) → ≈ $0 at expiry | you banked $0.46/sh, so a flat mid-life exit nets -$4.93/sh | roll rows are incremental, the banked premium stays yours 📊 Across 172 simulated challenges: the $382 strike is typically first touched on day 6 of 7, at $386 (overshoots $3.39). 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 ✓ $382.50 is at/above CC-SS $355.21: 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 < $0.12/sh (~25% of the $0.46 collected) or spot ≥ $383.02 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $382)); NOT the premium you collected. Momentum override: two daily closes above $373.77 (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 $355.21, where you are whole again, by expiry) Starting unrealized P&L: $21,525 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (14 × $382.50): -$0 + Conservative CC premium (1 × $372.50): +$610 Total Position P&L @ SS: $22,135 (+$610 vs today) Do-nothing baseline at SS: $30,675 (this trade vs do-nothing: $-8,540, the opportunity cost of earning $2,760/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 15 × $377.50 | 17 Jul | 7d | 6.3% | 92% | 17% | $1,320 | $5,657 | -$15,236 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 15 × $377.50 6.3% OTM over spot $355.21 17 Jul 2026 (7d, $0.92 mid) = $1,320 credit for the 7d cycle → $5,657/mo projected Survival (stays ≤ $377.50) 92% Breach risk 8% POP (stays ≤ $378.42) 92% EV / mo +$3,516 🛡 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) -$6,664 Free roll-up +$12/wk Safest escape (by 24 Jul 2026) $390 @ 84% POP 75% 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: $7.53/sh now → $5.32 mid-life (likely $4.51–$7.69) → ≈ $0 at expiry | you banked $0.88/sh, so a flat mid-life exit nets -$4.44/sh | roll rows are incremental, the banked premium stays yours 📊 Across 340 simulated challenges: the $378 strike is typically first touched on day 5 of 7, at $381 (overshoots $3.54). 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 ✓ $377.50 is at/above CC-SS $355.21: 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 < $0.22/sh (~25% of the $0.88 collected) or spot ≥ $378.42 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $378)); NOT the premium you collected. Momentum override: two daily closes above $373.77 (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 $355.21, where you are whole again, by expiry) Starting unrealized P&L: $21,525 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (15 × $377.50): -$0 Total Position P&L @ SS: $21,525 (+$0 vs today) Do-nothing baseline at SS: $30,675 (this trade vs do-nothing: $-9,150, the opportunity cost of earning $5,657/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 14 × $367.50 | 17 Jul | 7d | 3.5% | 79% | 43% | $3,360 | $14,400 | -$6,493 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 14 × $367.50 3.5% OTM over spot $355.21 17 Jul 2026 (7d, $2.49 mid) = $3,360 credit for the 7d cycle → $14,400/mo projected Survival (stays ≤ $367.50) 79% Breach risk 21% POP (stays ≤ $369.99) 83% EV / mo +$6,416 🛡 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) 34% Flat exit net (mid-life) -$3,894 Free roll-up +$15/wk Safest escape (by 24 Jul 2026) $390 @ 91% POP 88% survival Roll menuyour doors if the call gets challenged; each row = buy back the 14 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: $7.33/sh now → $5.18 mid-life (likely $5.46–$8.41) → ≈ $0 at expiry | you banked $2.40/sh, so a flat mid-life exit nets -$2.78/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,017 simulated challenges: the $368 strike is typically first touched on day 4 of 7, at $371 (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 ✓ $367.50 is at/above CC-SS $355.21: 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 < $0.60/sh (~25% of the $2.40 collected) or spot ≥ $369.99 (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 $373.77 (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 $355.21, where you are whole again, by expiry) Starting unrealized P&L: $21,525 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (14 × $367.50): -$0 + Conservative CC premium (1 × $372.50): +$610 Total Position P&L @ SS: $22,135 (+$610 vs today) Do-nothing baseline at SS: $30,675 (this trade vs do-nothing: $-8,540, the opportunity cost of earning $14,400/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 13 × $362.50 | 17 Jul | 7d | 2.1% | 69% | 48% | $4,875 | $20,893 | — | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 13 × $362.50 2.1% OTM over spot $355.21 17 Jul 2026 (7d, $3.88 mid) = $4,875 credit for the 7d cycle → $20,893/mo projected Survival (stays ≤ $362.50) 69% Breach risk 31% POP (stays ≤ $366.38) 77% EV / mo +$7,183 🛡 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) 48% Flat exit net (mid-life) -$1,769 Free roll-up +$15/wk Safest escape (by 24 Jul 2026) $385 @ 91% POP 88% survival Roll menuyour doors if the call gets challenged; each row = buy back the 13 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: $7.23/sh now → $5.11 mid-life (likely $6.16–$8.98) → ≈ $0 at expiry | you banked $3.75/sh, so a flat mid-life exit nets -$1.36/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,438 simulated challenges: the $362 strike is typically first touched on day 3 of 7, at $366 (overshoots $3.64). 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 $355.21: 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 < $0.94/sh (~25% of the $3.75 collected) or spot ≥ $366.38 (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 $373.77 (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 $355.21, where you are whole again, by expiry) Starting unrealized P&L: $21,525 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (13 × $362.50): -$0 + Conservative CC premium (2 × $372.50): +$1,220 Total Position P&L @ SS: $22,745 (+$1,220 vs today) Do-nothing baseline at SS: $30,675 (this trade vs do-nothing: $-7,930, the opportunity cost of earning $20,893/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 15 × $355 | 17 Jul | 7d | -0.1% | 50% | 99+% | $10,200 | $43,714 | +$22,821 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 15 × $355 0.1% ITM over spot $355.21 17 Jul 2026 (7d, $7.00 mid) = $10,200 credit for the 7d cycle → $43,714/mo projected Survival (stays ≤ $355) 50% Breach risk 50% POP (stays ≤ $362.00) 67% EV / mo +$8,890 🛡 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) 100% Flat exit net (mid-life) +$2,692 Free roll-up +$15/wk Safest escape (by 24 Jul 2026) $378 @ 91% POP 88% 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: $7.08/sh now → $5.01 mid-life → ≈ $0 at expiry | you banked $6.80/sh, so a flat mid-life exit nets +$1.79/sh | roll rows are incremental, the banked premium stays yours
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 $355.21: 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 < $1.70/sh (~25% of the $6.80 collected) or spot ≥ $362.00 (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 $373.77 (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 $355.21, where you are whole again, by expiry) Starting unrealized P&L: $21,525 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (15 × $355): -$0 Total Position P&L @ SS: $21,525 (+$0 vs today) Do-nothing baseline at SS: $30,675 (this trade vs do-nothing: $-9,150, the opportunity cost of earning $43,714/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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: 0.861 (IBKR) | Recovery@SS: +$0 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $30,675
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $367.50 | 14d | 24 Jul 2026 | $7.85 | 13/15 | $21,868 | $21,826 | 72% | 82% | +$13,365 | -$0 | 0.0% | $32,950 (vs do-nothing +$2,275) |
| $370 | 14d | 24 Jul 2026 | $6.85 | 14/15 | $20,550 | $19,201 | 70% | 77% | +$5,849 | -$0 | 0.0% | $31,725 (vs do-nothing +$1,050) |
| $362.50 | 7d | 17 Jul 2026 | $3.75 | 13/15 | $20,893 | $20,851 | 69% | 77% | +$7,183 | -$0 | 0.0% | $27,620 (vs do-nothing $-3,055) |
| $365 | 21d | 31 Jul 2026 | $10.45 | 14/15 | $20,900 | $19,551 | 65% | 78% | +$10,330 | -$0 | 0.0% | $36,765 (vs do-nothing +$6,090) |
| $365 | 14d | 24 Jul 2026 | $8.75 | 11/15 | $20,625 | $23,198 | 64% | 74% | +$5,399 | -$0 | 0.0% | $33,590 (vs do-nothing +$2,915) |
| $360 | 7d | 17 Jul 2026 | $4.75 | 11/15 | $22,393 | $24,966 | 63% | 74% | +$7,018 | -$0 | 0.0% | $29,190 (vs do-nothing $-1,485) |
| $362.50 | 14d | 24 Jul 2026 | $9.60 | 10/15 | $20,571 | $24,451 | 61% | 72% | +$4,780 | -$0 | 0.0% | $34,175 (vs do-nothing +$3,500) |
| $360 | 21d | 31 Jul 2026 | $12.65 | 12/15 | $21,686 | $22,951 | 58% | 75% | +$9,491 | -$0 | 0.0% | $38,535 (vs do-nothing +$7,860) |
| $357.50 | 7d | 17 Jul 2026 | $5.55 | 9/15 | $21,407 | $26,594 | 57% | 70% | +$5,040 | -$0 | 0.0% | $30,180 (vs do-nothing $-495) |
| $357.50 | 14d | 24 Jul 2026 | $11.80 | 9/15 | $22,757 | $27,944 | 55% | 75% | +$10,244 | -$0 | 0.0% | $35,805 (vs do-nothing +$5,130) |
| $355 | 21d | 31 Jul 2026 | $14.75 | 10/15 | $21,071 | $24,951 | 51% | 72% | +$7,709 | -$0 | 0.0% | $39,115 (vs do-nothing +$8,440) |
| $355 | 14d | 24 Jul 2026 | $12.95 | 8/15 | $22,200 | $28,694 | 51% | 73% | +$9,073 | -$0 | 0.0% | $35,987 (vs do-nothing +$5,312) |
| $355 | 7d | 17 Jul 2026 | $6.80 | 8/15 | $23,314 | $29,808 | 50% | 67% | +$4,741 | -$0 | 0.0% | $31,067 (vs do-nothing +$392) |
| 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 | $14.35 | 7/15 | $21,525 | $29,326 | 48% | 66% | +$3,599 | -$0 | 0.0% | $34,553 (vs do-nothing +$3,878) |
| $350 | 21d | 31 Jul 2026 | $17.35 | 9/15 | $22,307 | $27,494 | 46% | 65% | +$3,133 | -$0 | 0.0% | $36,111 (vs do-nothing +$5,436) |
| $352.50 | 7d | 17 Jul 2026 | $8.35 | 6/15 | $21,471 | $30,580 | 44% | 65% | +$4,022 | -$0 | 0.0% | $30,399 (vs do-nothing $-276) |
| $350 | 14d | 24 Jul 2026 | $15.60 | 7/15 | $23,400 | $31,201 | 42% | 70% | +$7,816 | -$0 | 0.0% | $33,678 (vs do-nothing +$3,003) |
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.