FORTRESS FIGHT: LLY @ $1416.26

BE SS: $1419.38  |  CC-SS: $1424.57  |  1 contracts (100 sh) |  ⌂ PORTFOLIO

GENERATED2026-11-04 04:19

LLY @ $1416.26   UNDERWATER $3.12 (0.2% below BE SS)

1 contracts (100 sh)  |  BE SS: $1419.38  |  CC-SS: $1424.57  |  IV: MEDIUM  |  Accounts: Main:1299

LC: $1120 exp 2029-01-19 (entry $524.406/sh)
SP: $1440 exp 2029-01-19 (entry $257.988/sh)
HP: $1100 exp 2027-02-19 (entry $12.356/sh)

Economics

Max Loss$61,875(ND $278.75 + SW $340) x 100
Normal income ref$6,697/mo75% ann ROI on ML
Hedge rolling cost$433/mo
Unrealized P&L$-645fortress legs from IBKR
INCOME GOALPOSTS & VELOCITY
50% INCOME FLOOR
$3,349/mo
HEDGE COVER
$433/mo
NORMAL INCOME
$6,697/mo (ATM CC, chain)
IC VELOCITY
4.2 mo to earn back $27,875
ML VELOCITY
9.2 mo to earn back $61,875
NOT a deep drawdown: a CC at CC-SS $1424.57 (probe: $1420C 17d) still earns $6,697/mo (100% of normal). Sell the normal CC at/above CC-SS; a FIGHT CC below it is not needed here.
🏦 Campaign ledger: seeded, nothing tracked yet. Open short calls and banked credits appear here from the next cycle on; the banked-floor (info) shows how far premium would ratchet the floor, but the recommended CC-SS stays the pure recovery strike.
TECHNICALS (cc_timing weekly gate + daily trigger)
WEEKLYOVERBOUGHT · %B 115 (live) · RSI 72 · MACD bullish, hist rising
DAILYRISING (provisional) · RSI 78 · %B 90 · hist rising (nightly)
LEVELSUpper BB + 1σ (extension cap) $1,478.44 (+4%) · daily UBB $1,448.38 · 1-wk expected move ±$71 (chain IV)
SETUPStretched but still running: do not fade it with size; 🎯 / 💎. (advisory; floors and picks are chain-only)
⚠ Next earnings 2027-02-03: candidates whose expiry crosses it are flagged in the spectrum; EV is unreliable across earnings.
NOT a deep drawdown. A CC at/above CC-SS $1424.57 keeps this fortress whole if assigned, so there is no need to FIGHT below it. Three income options to consider, richer → safer, all at/above CC-SS. Click a card for its if-challenged roll menu.
💰 Richer · sell 1 × $1425 13 Nov 2026 (10d) · more income, lower survivalroll menu if challenged ▾
Survival (stays ≤ $1425)
55%
Touch odds
92%
Per cycle
$2,690
Income / mo
$8,070
🎯 Recommended · sell 1 × $1460 6 Nov 2026 (3d) · richest strike still ≥80% survivalroll menu if challenged ▾
Survival (stays ≤ $1460)
82%
Touch odds
35%
Per cycle
$510
Income / mo
$5,100
🛡 Safer · sell 1 × $1485 6 Nov 2026 (3d) · higher survival, lighter premiumroll menu if challenged ▾
Survival (stays ≤ $1485)
90%
Touch odds
19%
Per cycle
$215
Income / mo
$2,150
⚔ FIGHT CC options · full candidate scan (42 clear the floor), click to expand

Every eligible strike x expiry in the 3-45 DTE band (4 expiries scanned, 42 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: 1.084 (IBKR)  |  Recovery@SS: +$901 (un-capped fortress gain if stock rallies to SS)  |  Do-nothing @ SS: $2,719

StrikeDTEExpiryBidSellPer cycleIncome/moNet/moSurvivalTouchPOP (mid)EV/moCap Give-up @ CC-SS%ICRecoverTotal P&L @ SS
$14703d6 Nov 2026$3.651/1$365$3,650$3,21785%hist 86%30%hist 31%87%+$1,144-$00.0%0.0mo$621 (vs do-nothing $-2,098)
$14603d6 Nov 2026$5.101/1$510$5,100$4,66782%hist 86%35%hist 31%86%+$2,206-$00.0%0.0mo$766 (vs do-nothing $-1,953)
$14653d6 Nov 2026$4.401/1$440$4,400$3,96782%hist 86%37%hist 31%84%+$838-$00.0%0.0mo$696 (vs do-nothing $-2,023)
$14553d6 Nov 2026$6.301/1$630$6,300$5,86778%hist 83%45%hist 40%82%+$1,597-$00.0%0.0mo$886 (vs do-nothing $-1,833)
$14503d6 Nov 2026$7.651/1$765$7,650$7,21775%hist 83%51%hist 45%80%+$1,925-$00.0%0.0mo$1,021 (vs do-nothing $-1,698)
$147010d13 Nov 2026$12.051/1$1,205$3,615$3,18274%hist 83%52%hist 45%79%+$707-$00.0%0.0mo$1,461 (vs do-nothing $-1,258)
$146510d13 Nov 2026$13.151/1$1,315$3,945$3,51273%hist 83%56%hist 45%78%+$684-$00.0%0.0mo$1,571 (vs do-nothing $-1,148)
$14453d6 Nov 2026$8.851/1$885$8,850$8,41772%hist 83%58%hist 45%78%+$1,929-$00.0%0.0mo$1,141 (vs do-nothing $-1,578)
$146010d13 Nov 2026$14.601/1$1,460$4,380$3,94771%hist 83%60%hist 45%77%+$733-$00.0%0.0mo$1,716 (vs do-nothing $-1,003)
$145510d13 Nov 2026$16.251/1$1,625$4,875$4,44269%hist 66%64%hist 55%76%+$807-$00.0%0.0mo$1,881 (vs do-nothing $-838)
$14403d6 Nov 2026$10.101/1$1,010$10,100$9,66768%hist 66%64%hist 55%76%+$1,794-$00.0%0.0mo$1,266 (vs do-nothing $-1,453)
$146017d20 Nov 2026$21.751/1$2,175$3,838$3,40567%hist 66%67%hist 55%75%+$650-$00.0%0.0mo$2,431 (vs do-nothing $-288)
$145010d13 Nov 2026$17.901/1$1,790$5,370$4,93766%hist 66%68%hist 55%74%+$844-$00.0%0.0mo$2,046 (vs do-nothing $-673)
Show 29 more candidates (lower strikes: more income, lower survival)
StrikeDTEExpiryBidSellPer cycleIncome/moNet/moSurvivalTouchPOP (mid)EV/moCap Give-up @ CC-SS%ICRecoverTotal P&L @ SS
$146024d27 Nov 2026$27.801/1$2,780$3,475$3,04266%hist 66%71%hist 67%74%+$621-$00.0%0.0mo$3,036 (vs do-nothing +$317)
$14353d6 Nov 2026$12.101/1$1,210$12,100$11,66765%hist 66%71%hist 67%74%+$2,205-$00.0%0.0mo$1,466 (vs do-nothing $-1,253)
$144510d13 Nov 2026$19.551/1$1,955$5,865$5,43264%hist 66%73%hist 67%73%+$843-$00.0%0.0mo$2,211 (vs do-nothing $-508)
$144010d13 Nov 2026$21.401/1$2,140$6,420$5,98762%hist 66%77%hist 67%72%+$863-$00.0%0.0mo$2,396 (vs do-nothing $-323)
$14303d6 Nov 2026$13.901/1$1,390$13,900$13,46761%hist 66%79%hist 67%72%+$2,202-$00.0%0.0mo$1,646 (vs do-nothing $-1,073)
$144017d20 Nov 2026$29.551/1$2,955$5,215$4,78160%hist 66%82%hist 79%71%+$770-$00.0%0.0mo$3,211 (vs do-nothing +$492)
$143510d13 Nov 2026$23.451/1$2,345$7,035$6,60260%hist 69%82%hist 79%71%+$902-$00.0%0.0mo$2,601 (vs do-nothing $-118)
$144024d27 Nov 2026$35.951/1$3,595$4,494$4,06059%hist 69%84%hist 79%71%+$709-$00.0%0.0mo$3,851 (vs do-nothing +$1,132)
$143010d13 Nov 2026$24.551/1$2,455$7,365$6,93258%hist 69%87%hist 79%70%+$581-$00.0%0.0mo$2,711 (vs do-nothing $-8)
$14253d6 Nov 2026$16.001/1$1,600$16,000$15,56757%hist 69%86%hist 79%69%+$2,275-$00.0%0.0mo$1,856 (vs do-nothing $-863)
$142510d13 Nov 2026$26.901/1$2,690$8,070$7,63755%hist 69%92%hist 89%68%+$631-$00.0%0.0mo$2,946 (vs do-nothing +$227)
$14203d6 Nov 2026$18.351/1$1,835$18,350$17,91754%hist 69%94%hist 89%68%+$2,369-$00.0%0.0mo$1,634 (vs do-nothing $-1,085)
$142010d13 Nov 2026$29.201/1$2,920$8,760$8,32753%hist 69%96%hist 89%67%+$624-$00.0%0.0mo$2,719 (vs do-nothing +$0)
$142024d27 Nov 2026$45.401/1$4,540$5,675$5,24253%hist 69%97%hist 89%68%+$766-$00.0%0.0mo$4,339 (vs do-nothing +$1,620)
$142017d20 Nov 2026$37.951/1$3,795$6,697$6,26453%hist 69%97%hist 89%67%+$682-$00.0%0.0mo$3,594 (vs do-nothing +$875)
$141510d13 Nov 2026$31.001/1$3,100$9,300$8,86751%hist 69%100%hist 89%66%+$424-$00.0%0.0mo$2,399 (vs do-nothing $-320)
$14153d6 Nov 2026$21.251/1$2,125$21,250$20,81750%100%hist 89%67%+$2,780-$00.0%0.0mo$1,424 (vs do-nothing $-1,295)
$141010d13 Nov 2026$34.551/1$3,455$10,365$9,93248%100%hist 89%65%+$707-$00.0%0.0mo$2,254 (vs do-nothing $-465)
$140024d27 Nov 2026$55.401/1$5,540$6,925$6,49246%100%hist 89%65%+$694-$00.0%0.0mo$3,339 (vs do-nothing +$620)
$14103d6 Nov 2026$22.951/1$2,295$22,950$22,51746%100%hist 89%66%+$1,760-$00.0%0.0mo$1,094 (vs do-nothing $-1,625)
$140510d13 Nov 2026$36.901/1$3,690$11,070$10,63746%100%hist 89%65%+$587-$00.0%0.0mo$1,989 (vs do-nothing $-730)
$140017d20 Nov 2026$48.851/1$4,885$8,621$8,18745%100%hist 89%64%+$714-$00.0%0.0mo$2,684 (vs do-nothing $-35)
$140010d13 Nov 2026$38.901/1$3,890$11,670$11,23744%100%hist 89%63%+$320-$00.0%0.0mo$1,689 (vs do-nothing $-1,030)
$14053d6 Nov 2026$25.801/1$2,580$25,800$25,36742%100%hist 89%65%+$1,663-$00.0%0.0mo$879 (vs do-nothing $-1,840)
$139510d13 Nov 2026$42.751/1$4,275$12,825$12,39241%100%hist 89%63%+$567-$00.0%0.0mo$1,574 (vs do-nothing $-1,145)
$139010d13 Nov 2026$45.651/1$4,565$13,695$13,26239%100%hist 89%62%+$488-$00.0%0.0mo$1,364 (vs do-nothing $-1,355)
$14003d6 Nov 2026$28.601/1$2,860$28,600$28,16739%100%hist 89%61%+$1,296-$00.0%0.0mo$659 (vs do-nothing $-2,060)
$13953d6 Nov 2026$30.551/1$3,055$30,550$30,11735%100%hist 89%62%$-129-$00.0%0.0mo$354 (vs do-nothing $-2,365)
$13903d6 Nov 2026$34.901/1$3,490$34,900$34,46732%100%hist 89%60%+$649-$00.0%0.0mo$289 (vs do-nothing $-2,430)
56 more priced, not eligible (safety, income floor or quote screens): shown for reference
StrikeDTEExpiryBidSellPer cycleIncome/moNet/moSurvivalTouchPOP (mid)EV/moCap Give-up @ CC-SS%ICRecoverTotal P&L @ SSWhy not eligible
$16403d6 Nov 2026$0.021/1$2$20$-41399+%hist 96%0%hist 3%100%+$12-$00.0%0.0mo$258 (vs do-nothing $-2,461)50% income floor unreachable even selling every contract
$16003d6 Nov 2026$0.061/1$6$60$-37399+%hist 96%1%hist 3%100%+$48-$00.0%0.0mo$262 (vs do-nothing $-2,457)50% income floor unreachable even selling every contract
$15803d6 Nov 2026$0.031/1$3$30$-40399+%hist 96%1%hist 3%100%+$10-$00.0%0.0mo$259 (vs do-nothing $-2,460)50% income floor unreachable even selling every contract
$174017d20 Nov 2026$0.011/1$1$2$-43299%hist 96%1%hist 3%99%$-10-$00.0%0.0mo$257 (vs do-nothing $-2,462)50% income floor unreachable even selling every contract
$164010d13 Nov 2026$0.031/1$3$9$-42499%hist 96%1%hist 3%99%$-6-$00.0%0.0mo$259 (vs do-nothing $-2,460)50% income floor unreachable even selling every contract
$172017d20 Nov 2026$0.011/1$1$2$-43299%hist 96%2%hist 3%99%$-13-$00.0%0.0mo$257 (vs do-nothing $-2,462)50% income floor unreachable even selling every contract
$15603d6 Nov 2026$0.051/1$5$50$-38399%hist 96%2%hist 3%99%+$9-$00.0%0.0mo$261 (vs do-nothing $-2,458)50% income floor unreachable even selling every contract
$170017d20 Nov 2026$0.241/1$24$42$-39199%hist 96%2%hist 3%99%+$22-$00.0%0.0mo$280 (vs do-nothing $-2,439)50% income floor unreachable even selling every contract
$15503d6 Nov 2026$0.111/1$11$110$-32399%hist 96%2%hist 3%99%+$48-$00.0%0.0mo$267 (vs do-nothing $-2,452)50% income floor unreachable even selling every contract
$162010d13 Nov 2026$0.301/1$30$90$-34399%hist 96%2%hist 3%99%+$57-$00.0%0.0mo$286 (vs do-nothing $-2,433)50% income floor unreachable even selling every contract
$168017d20 Nov 2026$0.401/1$40$71$-36399%hist 96%3%hist 3%99%+$42-$00.0%0.0mo$296 (vs do-nothing $-2,423)50% income floor unreachable even selling every contract
$15403d6 Nov 2026$0.161/1$16$160$-27398%hist 96%3%hist 3%98%+$65-$00.0%0.0mo$272 (vs do-nothing $-2,447)50% income floor unreachable even selling every contract
$166017d20 Nov 2026$0.651/1$65$115$-31998%hist 96%4%hist 3%98%+$72-$00.0%0.0mo$321 (vs do-nothing $-2,398)50% income floor unreachable even selling every contract
$160010d13 Nov 2026$0.561/1$56$168$-26598%hist 96%4%hist 3%98%+$99-$00.0%0.0mo$312 (vs do-nothing $-2,407)50% income floor unreachable even selling every contract
$15303d6 Nov 2026$0.181/1$18$180$-25398%hist 96%4%hist 3%98%+$32-$00.0%0.0mo$274 (vs do-nothing $-2,445)50% income floor unreachable even selling every contract
$164017d20 Nov 2026$0.831/1$83$146$-28798%hist 96%5%hist 3%98%+$81-$00.0%0.0mo$339 (vs do-nothing $-2,380)50% income floor unreachable even selling every contract
$159010d13 Nov 2026$0.671/1$67$201$-23297%hist 96%5%hist 3%97%+$103-$00.0%0.0mo$323 (vs do-nothing $-2,396)50% income floor unreachable even selling every contract
$164024d27 Nov 2026$1.501/1$150$188$-24697%hist 96%6%hist 3%97%+$118-$00.0%0.0mo$406 (vs do-nothing $-2,313)50% income floor unreachable even selling every contract
$15203d6 Nov 2026$0.671/1$67$670$23797%hist 96%6%hist 3%97%+$432-$00.0%0.0mo$323 (vs do-nothing $-2,396)50% income floor unreachable even selling every contract
$162017d20 Nov 2026$1.371/1$137$242$-19297%hist 96%7%hist 3%97%+$140-$00.0%0.0mo$393 (vs do-nothing $-2,326)50% income floor unreachable even selling every contract
$158010d13 Nov 2026$0.841/1$84$252$-18197%hist 96%7%hist 3%97%+$114-$00.0%0.0mo$340 (vs do-nothing $-2,379)50% income floor unreachable even selling every contract
$15003d6 Nov 2026$1.301/1$130$1,300$86796%hist 96%8%hist 3%96%+$986-$00.0%0.0mo$386 (vs do-nothing $-2,333)50% income floor unreachable even selling every contract
$157010d13 Nov 2026$0.991/1$99$297$-13696%hist 96%8%hist 3%96%+$107-$00.0%0.0mo$355 (vs do-nothing $-2,364)50% income floor unreachable even selling every contract
$15103d6 Nov 2026$0.601/1$60$600$16796%hist 96%8%hist 3%96%+$214-$00.0%0.0mo$316 (vs do-nothing $-2,403)50% income floor unreachable even selling every contract
$162024d27 Nov 2026$2.361/1$236$295$-13896%hist 96%9%hist 3%96%+$173-$00.0%0.0mo$492 (vs do-nothing $-2,227)50% income floor unreachable even selling every contract
$160017d20 Nov 2026$1.901/1$190$335$-9895%hist 96%9%hist 3%96%+$174-$00.0%0.0mo$446 (vs do-nothing $-2,273)50% income floor unreachable even selling every contract
$156010d13 Nov 2026$1.321/1$132$396$-3795%hist 96%10%hist 13%95%+$135-$00.0%0.0mo$388 (vs do-nothing $-2,331)50% income floor unreachable even selling every contract
$160024d27 Nov 2026$3.101/1$310$388$-4694%hist 96%12%hist 13%94%+$187-$00.0%0.0mo$566 (vs do-nothing $-2,153)50% income floor unreachable even selling every contract
$158017d20 Nov 2026$2.701/1$270$476$4394%hist 96%13%hist 13%94%+$220-$00.0%0.0mo$526 (vs do-nothing $-2,193)50% income floor unreachable even selling every contract
$155010d13 Nov 2026$1.841/1$184$552$11994%hist 96%13%hist 13%94%+$197-$00.0%0.0mo$440 (vs do-nothing $-2,279)50% income floor unreachable even selling every contract
$14953d6 Nov 2026$1.371/1$137$1,370$93793%hist 96%15%hist 13%93%+$504-$00.0%0.0mo$393 (vs do-nothing $-2,326)50% income floor unreachable even selling every contract
$154010d13 Nov 2026$2.401/1$240$720$28792%hist 96%16%hist 13%93%+$243-$00.0%0.0mo$496 (vs do-nothing $-2,223)50% income floor unreachable even selling every contract
$14903d6 Nov 2026$1.431/1$143$1,430$99792%hist 96%16%hist 13%92%+$449-$00.0%0.0mo$399 (vs do-nothing $-2,320)50% income floor unreachable even selling every contract
$158024d27 Nov 2026$4.451/1$445$556$12392%hist 96%17%hist 13%92%+$241-$00.0%0.0mo$701 (vs do-nothing $-2,018)50% income floor unreachable even selling every contract
$156017d20 Nov 2026$3.901/1$390$688$25591%hist 96%17%hist 13%92%+$280-$00.0%0.0mo$646 (vs do-nothing $-2,073)50% income floor unreachable even selling every contract
$153010d13 Nov 2026$3.051/1$305$915$48291%hist 96%19%hist 13%91%+$279-$00.0%0.0mo$561 (vs do-nothing $-2,158)50% income floor unreachable even selling every contract
$14853d6 Nov 2026$2.151/1$215$2,150$1,71790%hist 96%19%hist 13%91%+$878-$00.0%0.0mo$471 (vs do-nothing $-2,248)50% income floor unreachable even selling every contract
$156024d27 Nov 2026$6.151/1$615$769$33589%hist 86%23%hist 22%90%+$288-$00.0%0.0mo$871 (vs do-nothing $-1,848)50% income floor unreachable even selling every contract
$14803d6 Nov 2026$2.611/1$261$2,610$2,17789%hist 86%22%hist 22%90%+$1,008-$00.0%0.0mo$517 (vs do-nothing $-2,202)50% income floor unreachable even selling every contract
$152010d13 Nov 2026$3.701/1$370$1,110$67789%hist 86%23%hist 22%90%+$269-$00.0%0.0mo$626 (vs do-nothing $-2,093)50% income floor unreachable even selling every contract
$154017d20 Nov 2026$5.701/1$570$1,006$57388%hist 86%24%hist 22%89%+$364-$00.0%0.0mo$826 (vs do-nothing $-1,893)50% income floor unreachable even selling every contract
$14753d6 Nov 2026$2.981/1$298$2,980$2,54787%hist 86%26%hist 22%88%+$971-$00.0%0.0mo$554 (vs do-nothing $-2,165)50% income floor unreachable even selling every contract
$151010d13 Nov 2026$4.751/1$475$1,425$99286%hist 86%27%hist 22%88%+$323-$00.0%0.0mo$731 (vs do-nothing $-1,988)50% income floor unreachable even selling every contract
$154024d27 Nov 2026$8.651/1$865$1,081$64886%hist 86%29%hist 22%87%+$362-$00.0%0.0mo$1,121 (vs do-nothing $-1,598)50% income floor unreachable even selling every contract
$152017d20 Nov 2026$8.201/1$820$1,447$1,01484%hist 86%32%hist 31%86%+$454-$00.0%0.0mo$1,076 (vs do-nothing $-1,643)50% income floor unreachable even selling every contract
$150010d13 Nov 2026$6.151/1$615$1,845$1,41284%hist 86%32%hist 31%86%+$457-$00.0%0.0mo$871 (vs do-nothing $-1,848)50% income floor unreachable even selling every contract
$149510d13 Nov 2026$6.901/1$690$2,070$1,63783%hist 86%35%hist 31%85%+$490-$00.0%0.0mo$946 (vs do-nothing $-1,773)50% income floor unreachable even selling every contract
$152024d27 Nov 2026$12.101/1$1,210$1,512$1,07982%hist 86%38%hist 31%84%+$457-$00.0%0.0mo$1,466 (vs do-nothing $-1,253)50% income floor unreachable even selling every contract
$149010d13 Nov 2026$7.701/1$770$2,310$1,87781%hist 86%38%hist 31%84%+$517-$00.0%0.0mo$1,026 (vs do-nothing $-1,693)50% income floor unreachable even selling every contract
$148510d13 Nov 2026$8.601/1$860$2,580$2,14780%hist 83%41%hist 40%83%+$549-$00.0%0.0mo$1,116 (vs do-nothing $-1,603)50% income floor unreachable even selling every contract
$150017d20 Nov 2026$11.801/1$1,180$2,082$1,64980%hist 83%42%hist 40%83%+$578-$00.0%0.0mo$1,436 (vs do-nothing $-1,283)50% income floor unreachable even selling every contract
$148010d13 Nov 2026$9.701/1$970$2,910$2,47778%hist 83%45%hist 40%82%+$615-$00.0%0.0mo$1,226 (vs do-nothing $-1,493)50% income floor unreachable even selling every contract
$150024d27 Nov 2026$16.201/1$1,620$2,025$1,59277%hist 83%48%hist 40%81%+$516-$00.0%0.0mo$1,876 (vs do-nothing $-843)50% income floor unreachable even selling every contract
$147510d13 Nov 2026$10.651/1$1,065$3,195$2,76276%hist 83%48%hist 40%80%+$608-$00.0%0.0mo$1,321 (vs do-nothing $-1,398)50% income floor unreachable even selling every contract
$148017d20 Nov 2026$16.001/1$1,600$2,824$2,39074%hist 83%53%hist 45%79%+$603-$00.0%0.0mo$1,856 (vs do-nothing $-863)50% income floor unreachable even selling every contract
$148024d27 Nov 2026$21.651/1$2,165$2,706$2,27372%hist 83%59%hist 45%78%+$604-$00.0%0.0mo$2,421 (vs do-nothing $-298)50% income floor unreachable even selling every contract

Per cycle = bid x 100 x contracts, the cash this expiry pays. Touch = P(strike trades before expiry), with the graded record's hist pill. Recover = months of this income to close the hole to CC-SS. 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%). Survival, POP and touch use vol x 1.00 (raw implied: the VRP haircut is applied to the premium edge but NOT to risk, because understating the edge costs opportunity while understating breach odds costs capital; the risk-side haircut arms only from the graded ledger). 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 1 contracts at the conservative CC.

fortress_fight.py v6.3  |  2026-11-04 04:19