5 contracts (500 sh) | BE SS: $114.00 | CC-SS: $114.70 | IV: HIGH | Accounts: Neville:0865
| Max Loss | $47,000 | (ND $29.00 + SW $65) x 500 |
| Normal income ref | $9,819/mo | 95% ann ROI on ML |
| Hedge rolling cost | $22/mo | |
| Unrealized P&L | $-3,565 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 5x $130C 15 Jul 2026 | U13190865 | $0.99 | $496 | 2026-07-10 |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 5 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 · 6d | 5 × $118 | 76% | $5,075 | $1,586 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 1 × $137 | 17 Jul | 6d | 24.3% | 99% | 3% | $20 | $100 | -$4,975 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $137 24.3% OTM over spot $110.24 17 Jul 2026 (6d, $0.22 mid) = $20 credit for the 6d cycle → $100/mo projected Survival (stays ≤ $137) 99% Breach risk 1% POP (stays ≤ $137.22) 99% EV / mo +$91 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.1 mo [0.1-0.4] median · 99% of paths whole by 9 mo (vs 100% without) · ~0.0 challenges expected · median CC cash $630 🛡 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) 2% Flat exit net (mid-life) -$408 Free roll-up none Safest escape (by 31 Jul 2026) $157 @ 83% POP 79% survival Roll menuyour doors if the call gets challenged; each row = buy back the 1 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $6.06/sh now → $4.28 mid-life → ≈ $0 at expiry | you banked $0.20/sh, so a flat mid-life exit nets -$4.08/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 ✓ $137 is at/above CC-SS $114.70: 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 < $0.05/sh (~25% of the $0.20 collected) or spot ≥ $137.22 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $137)); NOT the premium you collected. Momentum override: two daily closes above $143.74 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.06 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $114.70, where you are whole again, by expiry) Starting unrealized P&L: $-3,565 + Fortress recovery (un-capped): +$2,360 − CC assignment net of premium (1 × $137): -$0 + Conservative CC premium (4 × $114): +$1,458 Total Position P&L @ SS: $253 (+$3,818 vs today) Do-nothing baseline at SS: $617 (this trade vs do-nothing: $-365, the opportunity cost of earning $100/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 5 × $126 | 17 Jul | 6d | 14.3% | 91% | 19% | $380 | $1,900 | -$3,175 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $126 14.3% OTM over spot $110.24 17 Jul 2026 (6d, $0.78 mid) = $380 credit for the 6d cycle → $1,900/mo projected Survival (stays ≤ $126) 91% Breach risk 9% POP (stays ≤ $126.78) 92% EV / mo +$1,140 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.2 mo [0.1-0.4] median · 92% of paths whole by 9 mo (vs 100% without) · ~0.7 challenges expected · median CC cash $-1 🛡 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) -$1,589 Free roll-up none Safest escape (by 31 Jul 2026) $148 @ 84% POP 82% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.57/sh now → $3.94 mid-life (likely $3.49–$6.50) → ≈ $0 at expiry | you banked $0.76/sh, so a flat mid-life exit nets -$3.18/sh | roll rows are incremental, the banked premium stays yours 📊 Across 366 simulated challenges: the $126 strike is typically first touched on day 4 of 6, at $129 (overshoots $3.03). 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 ✓ $126 is at/above CC-SS $114.70: 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 < $0.19/sh (~25% of the $0.76 collected) or spot ≥ $126.78 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $126)); NOT the premium you collected. Momentum override: two daily closes above $143.74 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.06 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $114.70, where you are whole again, by expiry) Starting unrealized P&L: $-3,565 + Fortress recovery (un-capped): +$2,360 − CC assignment net of premium (5 × $126): -$0 Total Position P&L @ SS: $-1,205 (+$2,360 vs today) Do-nothing baseline at SS: $617 (this trade vs do-nothing: $-1,823, the opportunity cost of earning $1,900/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 5 × $121 | 17 Jul | 6d | 9.8% | 83% | 35% | $705 | $3,525 | -$1,550 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $121 9.8% OTM over spot $110.24 17 Jul 2026 (6d, $1.44 mid) = $705 credit for the 6d cycle → $3,525/mo projected Survival (stays ≤ $121) 83% Breach risk 17% POP (stays ≤ $122.44) 86% EV / mo +$1,708 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.1 mo [0.1-0.4] median · 96% of paths whole by 9 mo (vs 100% without) · ~1.1 challenges expected · median CC cash $699 🛡 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) 24% Flat exit net (mid-life) -$1,186 Free roll-up none Safest escape (by 31 Jul 2026) $148 @ 88% POP 86% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.35/sh now → $3.78 mid-life (likely $3.70–$6.33) → ≈ $0 at expiry | you banked $1.41/sh, so a flat mid-life exit nets -$2.37/sh | roll rows are incremental, the banked premium stays yours 📊 Across 706 simulated challenges: the $121 strike is typically first touched on day 4 of 6, at $124 (overshoots $2.94). 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 ✓ $121 is at/above CC-SS $114.70: 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 < $0.35/sh (~25% of the $1.41 collected) or spot ≥ $122.44 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $121)); NOT the premium you collected. Momentum override: two daily closes above $143.74 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.06 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $114.70, where you are whole again, by expiry) Starting unrealized P&L: $-3,565 + Fortress recovery (un-capped): +$2,360 − CC assignment net of premium (5 × $121): -$0 Total Position P&L @ SS: $-1,205 (+$2,360 vs today) Do-nothing baseline at SS: $617 (this trade vs do-nothing: $-1,823, the opportunity cost of earning $3,525/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 5 × $118 | 17 Jul | 6d | 7.0% | 76% | 38% | $1,015 | $5,075 | — | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $118 7.0% OTM over spot $110.24 17 Jul 2026 (6d, $2.07 mid) = $1,015 credit for the 6d cycle → $5,075/mo projected Survival (stays ≤ $118) 76% Breach risk 24% POP (stays ≤ $120.07) 81% EV / mo +$2,076 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.2 mo [0.1-0.4] median · 96% of paths whole by 9 mo (vs 100% without) · ~1.7 challenges expected · median CC cash $1,011 🛡 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) -$829 Free roll-up none Safest escape (by 24 Jul 2026) $141 @ 89% POP 87% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.22/sh now → $3.69 mid-life (likely $4.04–$6.31) → ≈ $0 at expiry | you banked $2.03/sh, so a flat mid-life exit nets -$1.66/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,135 simulated challenges: the $118 strike is typically first touched on day 3 of 6, at $121 (overshoots $2.71). 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 ✓ $118 is at/above CC-SS $114.70: 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 < $0.51/sh (~25% of the $2.03 collected) or spot ≥ $120.07 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $118)); NOT the premium you collected. Momentum override: two daily closes above $143.74 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.06 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $114.70, where you are whole again, by expiry) Starting unrealized P&L: $-3,565 + Fortress recovery (un-capped): +$2,360 − CC assignment net of premium (5 × $118): -$0 Total Position P&L @ SS: $-1,205 (+$2,360 vs today) Do-nothing baseline at SS: $617 (this trade vs do-nothing: $-1,823, the opportunity cost of earning $5,075/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 5 × $111 | 17 Jul | 6d | 0.7% | 55% | 94% | $2,225 | $11,125 | +$6,050 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $111 0.7% OTM over spot $110.24 17 Jul 2026 (6d, $4.53 mid) = $2,225 credit for the 6d cycle → $11,125/mo projected Survival (stays ≤ $111) 55% Breach risk 45% POP (stays ≤ $115.53) 70% EV / mo +$2,589 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.1 mo [0.0-0.2] median, 0.1 mo faster than no FIGHT (0.2 mo) · 98% of paths whole by 9 mo (vs 100% without) · ~2.9 challenges expected · median CC cash $2,224 🛡 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) 72% Flat exit net (mid-life) +$490 Free roll-up +$2/wk Safest escape (by 24 Jul 2026) $136 @ 91% POP 89% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.91/sh now → $3.47 mid-life (likely $4.81–$7.31) → ≈ $0 at expiry | you banked $4.45/sh, so a flat mid-life exit nets +$0.98/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,169 simulated challenges: the $111 strike is typically first touched on day 2 of 6, at $114 (overshoots $3.26). 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.
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 ✓ $111 is at/above CC-SS $114.70: 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 < $1.11/sh (~25% of the $4.45 collected) or spot ≥ $115.53 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $111)); NOT the premium you collected. Momentum override: two daily closes above $143.74 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.06 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $114.70, where you are whole again, by expiry) Starting unrealized P&L: $-3,565 + Fortress recovery (un-capped): +$2,360 − CC assignment net of premium (5 × $111): -$0 Total Position P&L @ SS: $-1,205 (+$2,360 vs today) Do-nothing baseline at SS: $617 (this trade vs do-nothing: $-1,823, the opportunity cost of earning $11,125/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (6 expiries scanned, 57 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: 1.057 (IBKR) | Recovery@SS: +$2,360 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $617
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $118 | 6d | 17 Jul 2026 | $2.03 | 5/5 | $5,075 | $5,053 | 76% | 81% | +$2,076 | -$0 | 0.0% | $-190 (vs do-nothing $-808) |
| $116 | 4d | 15 Jul 2026 | $1.48 | 5/5 | $5,550 | $5,528 | 76% | 82% | +$2,337 | -$0 | 0.0% | $-465 (vs do-nothing $-1,083) |
| $117 | 6d | 17 Jul 2026 | $2.26 | 5/5 | $5,650 | $5,628 | 74% | 80% | +$2,126 | -$0 | 0.0% | $-75 (vs do-nothing $-693) |
| $122 | 13d | 24 Jul 2026 | $4.40 | 5/5 | $5,077 | $5,055 | 73% | 79% | +$1,485 | -$0 | 0.0% | $995 (vs do-nothing +$377) |
| $115 | 4d | 15 Jul 2026 | $1.73 | 4/5 | $5,190 | $6,354 | 73% | 79% | +$2,008 | -$0 | 0.0% | $-149 (vs do-nothing $-766) |
| $121 | 13d | 24 Jul 2026 | $4.75 | 5/5 | $5,481 | $5,459 | 72% | 78% | +$1,608 | -$0 | 0.0% | $1,170 (vs do-nothing +$552) |
| $116 | 6d | 17 Jul 2026 | $2.52 | 4/5 | $5,040 | $6,204 | 71% | 78% | +$1,739 | -$0 | 0.0% | $167 (vs do-nothing $-450) |
| $120 | 13d | 24 Jul 2026 | $5.05 | 5/5 | $5,827 | $5,805 | 70% | 77% | +$1,654 | -$0 | 0.0% | $1,320 (vs do-nothing +$702) |
| $119 | 13d | 24 Jul 2026 | $5.25 | 5/5 | $6,058 | $6,036 | 69% | 77% | +$1,564 | -$0 | 0.0% | $1,420 (vs do-nothing +$802) |
| $114 | 4d | 15 Jul 2026 | $2.06 | 4/5 | $6,180 | $7,344 | 69% | 77% | +$2,263 | -$0 | 0.0% | $-299 (vs do-nothing $-916) |
| $115 | 6d | 17 Jul 2026 | $2.82 | 4/5 | $5,640 | $6,804 | 68% | 76% | +$1,789 | -$0 | 0.0% | $287 (vs do-nothing $-330) |
| $119 | 20d | 31 Jul 2026 | $6.60 | 5/5 | $4,950 | $4,928 | 67% | 76% | +$1,129 | -$0 | 0.0% | $2,095 (vs do-nothing +$1,477) |
| $118 | 13d | 24 Jul 2026 | $5.55 | 4/5 | $5,123 | $6,287 | 67% | 76% | +$1,255 | -$0 | 0.0% | $1,379 (vs do-nothing +$762) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $115 | 9d | 20 Jul 2026 | $3.20 | 5/5 | $5,333 | $5,311 | 67% | 75% | +$1,353 | -$0 | 0.0% | $395 (vs do-nothing $-223) |
| $118 | 20d | 31 Jul 2026 | $6.85 | 5/5 | $5,137 | $5,116 | 66% | 75% | +$1,083 | -$0 | 0.0% | $2,220 (vs do-nothing +$1,602) |
| $117 | 13d | 24 Jul 2026 | $5.85 | 4/5 | $5,400 | $6,564 | 66% | 75% | +$1,242 | -$0 | 0.0% | $1,499 (vs do-nothing +$882) |
| $114 | 6d | 17 Jul 2026 | $3.15 | 4/5 | $6,300 | $7,464 | 65% | 75% | +$1,826 | -$0 | 0.0% | $137 (vs do-nothing $-480) |
| $115 | 11d | 22 Jul 2026 | $4.00 | 5/5 | $5,455 | $5,433 | 65% | 74% | +$1,130 | -$0 | 0.0% | $795 (vs do-nothing +$177) |
| $117 | 20d | 31 Jul 2026 | $7.25 | 5/5 | $5,438 | $5,416 | 65% | 74% | +$1,137 | -$0 | 0.0% | $2,420 (vs do-nothing +$1,802) |
| $113 | 4d | 15 Jul 2026 | $2.40 | 3/5 | $5,400 | $7,751 | 65% | 75% | +$1,801 | -$0 | 0.0% | $-268 (vs do-nothing $-885) |
| $116 | 13d | 24 Jul 2026 | $6.20 | 4/5 | $5,723 | $6,887 | 64% | 74% | +$1,256 | -$0 | 0.0% | $1,639 (vs do-nothing +$1,022) |
| $114 | 9d | 20 Jul 2026 | $3.30 | 5/5 | $5,500 | $5,478 | 64% | 73% | +$990 | -$0 | 0.0% | $92 (vs do-nothing $-525) |
| $116 | 20d | 31 Jul 2026 | $7.60 | 5/5 | $5,700 | $5,678 | 63% | 73% | +$1,140 | -$0 | 0.0% | $2,595 (vs do-nothing +$1,977) |
| $115 | 13d | 24 Jul 2026 | $6.60 | 4/5 | $6,092 | $7,257 | 62% | 73% | +$1,298 | -$0 | 0.0% | $1,799 (vs do-nothing +$1,182) |
| $114 | 11d | 22 Jul 2026 | $4.35 | 5/5 | $5,932 | $5,910 | 62% | 73% | +$1,130 | -$0 | 0.0% | $617 (vs do-nothing $-0) |
| $115 | 20d | 31 Jul 2026 | $8.05 | 5/5 | $6,038 | $6,016 | 62% | 73% | +$1,206 | -$0 | 0.0% | $2,820 (vs do-nothing +$2,202) |
| $113 | 6d | 17 Jul 2026 | $3.55 | 3/5 | $5,325 | $7,676 | 62% | 73% | +$1,443 | -$0 | 0.0% | $77 (vs do-nothing $-540) |
| $113 | 9d | 20 Jul 2026 | $3.75 | 4/5 | $5,000 | $6,164 | 61% | 72% | +$921 | -$0 | 0.0% | $-23 (vs do-nothing $-640) |
| $114 | 13d | 24 Jul 2026 | $6.95 | 4/5 | $6,415 | $7,580 | 61% | 72% | +$1,274 | -$0 | 0.0% | $1,657 (vs do-nothing +$1,040) |
| $114 | 20d | 31 Jul 2026 | $8.35 | 4/5 | $5,010 | $6,174 | 60% | 72% | +$917 | -$0 | 0.0% | $2,217 (vs do-nothing +$1,600) |
| $112 | 4d | 15 Jul 2026 | $2.78 | 3/5 | $6,255 | $8,606 | 60% | 73% | +$1,870 | -$0 | 0.0% | $-454 (vs do-nothing $-1,071) |
| $113 | 11d | 22 Jul 2026 | $4.45 | 5/5 | $6,068 | $6,046 | 60% | 71% | +$750 | -$0 | 0.0% | $167 (vs do-nothing $-450) |
| $113 | 13d | 24 Jul 2026 | $7.35 | 3/5 | $5,088 | $7,439 | 59% | 71% | +$957 | -$0 | 0.0% | $1,217 (vs do-nothing +$600) |
| $113 | 20d | 31 Jul 2026 | $8.85 | 4/5 | $5,310 | $6,474 | 59% | 71% | +$978 | -$0 | 0.0% | $2,017 (vs do-nothing +$1,400) |
| $112 | 6d | 17 Jul 2026 | $3.90 | 3/5 | $5,850 | $8,201 | 58% | 71% | +$1,380 | -$0 | 0.0% | $-118 (vs do-nothing $-735) |
| $112 | 9d | 20 Jul 2026 | $4.15 | 4/5 | $5,533 | $6,698 | 58% | 71% | +$934 | -$0 | 0.0% | $-263 (vs do-nothing $-880) |
| $112 | 11d | 22 Jul 2026 | $4.85 | 4/5 | $5,291 | $6,455 | 57% | 70% | +$591 | -$0 | 0.0% | $17 (vs do-nothing $-600) |
| $112 | 20d | 31 Jul 2026 | $9.20 | 4/5 | $5,520 | $6,684 | 57% | 71% | +$937 | -$0 | 0.0% | $1,757 (vs do-nothing +$1,140) |
| $112 | 13d | 24 Jul 2026 | $7.75 | 3/5 | $5,365 | $7,716 | 57% | 70% | +$944 | -$0 | 0.0% | $1,037 (vs do-nothing +$420) |
| $111 | 20d | 31 Jul 2026 | $9.55 | 4/5 | $5,730 | $6,894 | 56% | 70% | +$886 | -$0 | 0.0% | $1,497 (vs do-nothing +$880) |
| $111 | 13d | 24 Jul 2026 | $8.25 | 3/5 | $5,712 | $8,062 | 55% | 70% | +$984 | -$0 | 0.0% | $887 (vs do-nothing +$270) |
| $111 | 4d | 15 Jul 2026 | $3.10 | 3/5 | $6,975 | $9,326 | 55% | 70% | +$1,668 | -$181 | 1.3% | $-658 (vs do-nothing $-1,275) |
| $111 | 11d | 22 Jul 2026 | $5.60 | 4/5 | $6,109 | $7,274 | 55% | 69% | +$931 | -$0 | 0.0% | $-83 (vs do-nothing $-700) |
| $111 | 6d | 17 Jul 2026 | $4.45 | 3/5 | $6,675 | $9,026 | 55% | 70% | +$1,553 | -$0 | 0.0% | $-253 (vs do-nothing $-870) |
| $111 | 9d | 20 Jul 2026 | $4.40 | 4/5 | $5,867 | $7,031 | 55% | 69% | +$696 | -$0 | 0.0% | $-563 (vs do-nothing $-1,180) |
| $110 | 20d | 31 Jul 2026 | $10.10 | 4/5 | $6,060 | $7,224 | 54% | 69% | +$942 | -$0 | 0.0% | $1,317 (vs do-nothing +$700) |
| $110 | 13d | 24 Jul 2026 | $8.75 | 3/5 | $6,058 | $8,408 | 53% | 69% | +$1,009 | -$0 | 0.0% | $737 (vs do-nothing +$120) |
| $109 | 20d | 31 Jul 2026 | $10.55 | 4/5 | $6,330 | $7,494 | 52% | 69% | +$927 | -$0 | 0.0% | $1,097 (vs do-nothing +$480) |
| $110 | 11d | 22 Jul 2026 | $5.75 | 4/5 | $6,273 | $7,437 | 52% | 68% | +$797 | -$0 | 0.0% | $-423 (vs do-nothing $-1,040) |
| $109 | 13d | 24 Jul 2026 | $9.15 | 3/5 | $6,335 | $8,685 | 51% | 68% | +$948 | -$0 | 0.0% | $557 (vs do-nothing $-60) |
| $110 | 9d | 20 Jul 2026 | $5.25 | 3/5 | $5,250 | $7,601 | 51% | 68% | +$904 | -$0 | 0.0% | $-313 (vs do-nothing $-930) |
| $110 | 6d | 17 Jul 2026 | $4.90 | 3/5 | $7,350 | $9,701 | 51% | 68% | +$1,510 | -$0 | 0.0% | $-418 (vs do-nothing $-1,035) |
| $110 | 4d | 15 Jul 2026 | $3.60 | 2/5 | $5,400 | $8,937 | 51% | 66% | +$608 | -$221 | 1.5% | $-333 (vs do-nothing $-950) |
| $109 | 11d | 22 Jul 2026 | $6.25 | 3/5 | $5,114 | $7,464 | 49% | 66% | +$438 | -$0 | 0.0% | $-313 (vs do-nothing $-930) |
| $109 | 9d | 20 Jul 2026 | $5.50 | 3/5 | $5,500 | $7,851 | 48% | 66% | +$645 | -$61 | 0.4% | $-538 (vs do-nothing $-1,155) |
| $109 | 6d | 17 Jul 2026 | $5.40 | 2/5 | $5,400 | $8,937 | 48% | 66% | +$983 | -$61 | 0.4% | $-173 (vs do-nothing $-790) |
| $109 | 4d | 15 Jul 2026 | $4.10 | 2/5 | $6,150 | $9,687 | 46% | 65% | +$572 | -$321 | 2.2% | $-433 (vs do-nothing $-1,050) |
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 5 contracts at the conservative CC.