15 contracts (1,500 sh) | BE SS: $392.50 | CC-SS: $335.54 | IV: MEDIUM | Accounts: Joint:1782, Main:1299
| Max Loss | $123,750 | (ND $82.50 + SW $0) x 1500 |
| Normal income ref | $39,375/mo | 75% ann ROI on ML |
| Hedge rolling cost | $0/mo | |
| Unrealized P&L | $18,375 | fortress legs from IBKR |
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 × $360 | 66% | $21,171 | $6,092 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | 🛡 safe yield | 15 × $375 | 17 Jul | 7d | 5.9% | 90% | 19% | $1,215 | $5,207 | -$15,964 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 15 × $375 5.9% OTM over spot $354.16 17 Jul 2026 (7d, $0.85 mid) = $1,215 credit for the 7d cycle → $5,207/mo projected Survival (stays ≤ $375) 90% Breach risk 10% POP (stays ≤ $375.86) 91% EV / mo +$2,673 🛡 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) 12% Flat exit net (mid-life) -$6,368 Free roll-up +$13/wk Safest escape (by 31 Jul 2026) $401 @ 82% POP 78% 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: $7.15/sh now → $5.06 mid-life (likely $4.52–$7.15) → ≈ $0 at expiry | you banked $0.81/sh, so a flat mid-life exit nets -$4.25/sh | roll rows are incremental, the banked premium stays yours 📊 Across 368 simulated challenges: the $375 strike is typically first touched on day 5 of 7, at $378 (overshoots $3.25). 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.
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 $335.54: 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 < $0.20/sh (~25% of the $0.81 collected) or spot ≥ $375.86 (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 $373.68 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.74 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $335.54, where you are whole again, by expiry) Starting unrealized P&L: $18,375 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (15 × $375): -$0 Total Position P&L @ SS: $18,375 (+$0 vs today) Do-nothing baseline at SS: $21,435 (this trade vs do-nothing: $-3,060, the opportunity cost of earning $5,207/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 13 × $365 | 17 Jul | 7d | 3.1% | 77% | 47% | $3,107 | $13,316 | -$7,856 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 13 × $365 3.1% OTM over spot $354.16 17 Jul 2026 (7d, $2.46 mid) = $3,107 credit for the 7d cycle → $13,316/mo projected Survival (stays ≤ $365) 77% Breach risk 23% POP (stays ≤ $367.45) 81% EV / mo +$4,947 🛡 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) -$3,290 Free roll-up +$13/wk Safest escape (by 31 Jul 2026) $401 @ 87% POP 85% 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: $6.96/sh now → $4.92 mid-life (likely $5.29–$8.08) → ≈ $0 at expiry | you banked $2.39/sh, so a flat mid-life exit nets -$2.53/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,128 simulated challenges: the $365 strike is typically first touched on day 4 of 7, at $368 (overshoots $3.36). 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 ✓ $365 is at/above CC-SS $335.54: 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 $2.39 collected) or spot ≥ $367.45 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $365)); NOT the premium you collected. Momentum override: two daily closes above $373.68 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.74 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $335.54, where you are whole again, by expiry) Starting unrealized P&L: $18,375 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (13 × $365): -$0 + Conservative CC premium (2 × $392.50): +$408 Total Position P&L @ SS: $18,783 (+$408 vs today) Do-nothing baseline at SS: $21,435 (this trade vs do-nothing: $-2,652, the opportunity cost of earning $13,316/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 13 × $360 | 17 Jul | 7d | 1.6% | 66% | 56% | $4,940 | $21,171 | — | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 13 × $360 1.6% OTM over spot $354.16 17 Jul 2026 (7d, $3.92 mid) = $4,940 credit for the 7d cycle → $21,171/mo projected Survival (stays ≤ $360) 66% Breach risk 34% POP (stays ≤ $363.93) 75% EV / mo +$5,830 🛡 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) 56% Flat exit net (mid-life) -$1,369 Free roll-up +$16/wk Safest escape (by 24 Jul 2026) $393 @ 92% POP 91% 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: $6.86/sh now → $4.85 mid-life (likely $5.85–$8.68) → ≈ $0 at expiry | you banked $3.80/sh, so a flat mid-life exit nets -$1.05/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,673 simulated challenges: the $360 strike is typically first touched on day 3 of 7, at $364 (overshoots $3.51). 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 ✓ $360 is at/above CC-SS $335.54: 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 < $0.95/sh (~25% of the $3.80 collected) or spot ≥ $363.93 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $360)); NOT the premium you collected. Momentum override: two daily closes above $373.68 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.74 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $335.54, where you are whole again, by expiry) Starting unrealized P&L: $18,375 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (13 × $360): -$0 + Conservative CC premium (2 × $392.50): +$408 Total Position P&L @ SS: $18,783 (+$408 vs today) Do-nothing baseline at SS: $21,435 (this trade vs do-nothing: $-2,652, the opportunity cost of earning $21,171/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 13 × $352.50 | 17 Jul | 7d | -0.5% | 46% | 99+% | $9,750 | $41,786 | +$20,614 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 13 × $352.50 0.5% ITM over spot $354.16 17 Jul 2026 (7d, $7.62 mid) = $9,750 credit for the 7d cycle → $41,786/mo projected Survival (stays ≤ $352.50) 46% Breach risk 54% POP (stays ≤ $360.12) 66% EV / mo +$8,323 🛡 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) +$3,572 Free roll-up +$15/wk Safest escape (by 31 Jul 2026) $400 @ 92% POP 91% 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: $6.72/sh now → $4.75 mid-life → ≈ $0 at expiry | you banked $7.50/sh, so a flat mid-life exit nets +$2.75/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 ✓ $352.50 is at/above CC-SS $335.54: 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 < $1.88/sh (~25% of the $7.50 collected) or spot ≥ $360.12 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $352)); NOT the premium you collected. Momentum override: two daily closes above $373.68 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.74 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $335.54, where you are whole again, by expiry) Starting unrealized P&L: $18,375 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (13 × $352.50): -$0 + Conservative CC premium (2 × $392.50): +$408 Total Position P&L @ SS: $18,783 (+$408 vs today) Do-nothing baseline at SS: $21,435 (this trade vs do-nothing: $-2,652, the opportunity cost of earning $41,786/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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: 0.745 (IBKR) | Recovery@SS: +$0 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $21,435
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $370 | 14d | 24 Jul 2026 | $6.35 | 15/15 | $20,411 | $20,411 | 71% | 77% | +$5,305 | -$0 | 0.0% | $27,900 (vs do-nothing +$6,465) |
| $367.50 | 14d | 24 Jul 2026 | $7.05 | 14/15 | $21,150 | $21,587 | 68% | 76% | +$4,918 | -$0 | 0.0% | $28,449 (vs do-nothing +$7,014) |
| $360 | 7d | 17 Jul 2026 | $3.80 | 13/15 | $21,171 | $22,046 | 66% | 75% | +$5,830 | -$0 | 0.0% | $23,723 (vs do-nothing +$2,288) |
| $365 | 14d | 24 Jul 2026 | $7.80 | 12/15 | $20,057 | $21,369 | 65% | 74% | +$4,107 | -$0 | 0.0% | $28,347 (vs do-nothing +$6,912) |
| $365 | 21d | 31 Jul 2026 | $9.55 | 15/15 | $20,464 | $20,464 | 64% | 73% | +$4,221 | -$0 | 0.0% | $32,700 (vs do-nothing +$11,265) |
| $362.50 | 14d | 24 Jul 2026 | $9.20 | 10/15 | $19,714 | $21,900 | 62% | 73% | +$4,540 | -$0 | 0.0% | $28,595 (vs do-nothing +$7,160) |
| $357.50 | 7d | 17 Jul 2026 | $4.75 | 10/15 | $20,357 | $22,543 | 60% | 72% | +$4,764 | -$0 | 0.0% | $24,145 (vs do-nothing +$2,710) |
| $360 | 21d | 31 Jul 2026 | $12.15 | 12/15 | $20,829 | $22,140 | 58% | 71% | +$4,419 | -$0 | 0.0% | $33,567 (vs do-nothing +$12,132) |
| $357.50 | 14d | 24 Jul 2026 | $10.90 | 9/15 | $21,021 | $23,644 | 56% | 69% | +$3,455 | -$0 | 0.0% | $29,409 (vs do-nothing +$7,974) |
| $355 | 7d | 17 Jul 2026 | $5.85 | 8/15 | $20,057 | $23,117 | 53% | 68% | +$3,874 | -$0 | 0.0% | $24,483 (vs do-nothing +$3,048) |
| $355 | 21d | 31 Jul 2026 | $13.90 | 10/15 | $19,857 | $22,043 | 53% | 68% | +$3,178 | -$0 | 0.0% | $33,295 (vs do-nothing +$11,860) |
| $355 | 14d | 24 Jul 2026 | $12.25 | 8/15 | $21,000 | $24,060 | 53% | 69% | +$3,406 | -$0 | 0.0% | $29,603 (vs do-nothing +$8,168) |
| $352.50 | 14d | 24 Jul 2026 | $13.40 | 7/15 | $20,100 | $23,597 | 50% | 67% | +$2,831 | -$0 | 0.0% | $29,387 (vs do-nothing +$7,952) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $350 | 21d | 31 Jul 2026 | $16.50 | 9/15 | $21,214 | $23,837 | 47% | 66% | +$2,589 | -$0 | 0.0% | $34,449 (vs do-nothing +$13,014) |
| $350 | 14d | 24 Jul 2026 | $14.85 | 7/15 | $22,275 | $25,772 | 47% | 65% | +$2,988 | -$0 | 0.0% | $30,402 (vs do-nothing +$8,967) |
| $352.50 | 7d | 17 Jul 2026 | $7.50 | 7/15 | $22,500 | $25,997 | 46% | 66% | +$4,482 | -$0 | 0.0% | $25,257 (vs do-nothing +$3,822) |
| $347.50 | 14d | 24 Jul 2026 | $16.25 | 6/15 | $20,893 | $24,827 | 43% | 64% | +$2,509 | -$0 | 0.0% | $29,961 (vs do-nothing +$8,526) |
| $347.50 | 7d | 17 Jul 2026 | $10.30 | 5/15 | $22,071 | $26,443 | 34% | 61% | +$2,410 | -$0 | 0.0% | $25,565 (vs do-nothing +$4,130) |
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.