200 contracts (20,000 sh) | BE SS: $22.69 | CC-SS: $18.13 | IV: HIGH | Accounts: Main:1299
| Max Loss | $207,600 | (ND $0.38 + SW $10) x 20000 |
| Normal income ref | $35,571/mo | 95% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $5,591/mo (info only, already in marks) |
| Unrealized P&L | $-105,100 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 200 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 🏆 | 24 Jul 2026 · 7d | 160 × $12.50 | 77% | $17,829 | $4,907 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | FIGHT edge | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | 🛡 safe yield | 200 × $13.50 | 24 Jul | 7d | 17.5% | 90% | 20% | +10pp | $2,000 | $8,571 | -$9,257 | $90,650 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 200 × $13.50 17.5% OTM over spot $11.49 24 Jul 2026 (7d, $0.11 mid) = $2,000 credit for the 7d cycle → $8,571/mo projected Survival (stays ≤ $13.50) 90% Breach risk 10% POP (stays ≤ $13.61) 91% EV / mo +$4,735 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +10pp 48% whole by 9mo vs 38% doing nothing FIRE DRILLS ~1.3/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $5,177/mo median; plan ~$3,520/mo after 68% keep · $34,613 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~2.9 mo [1.7-4.9], measured ONLY among the 48% of futures that got whole 🛡 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) -$9,946 Free roll-up +$1/wk Safest escape (by 14 Aug 2026) $17 @ 84% POP 81% survival Roll menuyour doors if the call gets challenged; each row = buy back the 200 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: $0.84/sh now → $0.60 mid-life (likely $0.53–$0.90) → ≈ $0 at expiry | you banked $0.10/sh, so a flat mid-life exit nets -$0.50/sh | roll rows are incremental, the banked premium stays yours 📊 Across 374 simulated challenges: the $14 strike is typically first touched on day 5 of 7, at $14 (overshoots $0.37). 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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ⚠ $13.50 is $5 below CC-SS $18.13: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.03/sh (~25% of the $0.10 collected) or spot ≥ $13.61 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $14)); NOT the premium you collected. Momentum override: two daily closes above $15.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.75 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $18.13, where you are whole again, by expiry) Starting unrealized P&L: $-105,100 + Fortress recovery (un-capped): +$99,901 − CC assignment net of premium (200 × $13.50): -$90,650 Total Position P&L @ SS: $-95,848 (+$9,252 vs today) Do-nothing baseline at SS: $-4,999 (this trade vs do-nothing: $-90,850, the opportunity cost of earning $8,571/mo FIGHT income now) BB-reversion stress (→ $15.90 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$46,000, position total $-84,775 (+$20,325 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 172 × $13 | 24 Jul | 7d | 13.1% | 85% | 31% | +11pp | $2,752 | $11,794 | -$6,034 | $85,527 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 172 × $13 13.1% OTM over spot $11.49 24 Jul 2026 (7d, $0.17 mid) = $2,752 credit for the 7d cycle → $11,794/mo projected Survival (stays ≤ $13) 85% Breach risk 15% POP (stays ≤ $13.17) 87% EV / mo +$5,562 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +11pp 52% whole by 9mo vs 41% doing nothing FIRE DRILLS ~2.1/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $6,356/mo median; plan ~$4,322/mo after 68% keep · $40,403 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.4 mo [1.7-5.2], measured ONLY among the 52% of futures that got whole 🛡 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) 23% Flat exit net (mid-life) -$6,924 Free roll-up +$1/wk Safest escape (by 14 Aug 2026) $16 @ 84% POP 82% survival Roll menuyour doors if the call gets challenged; each row = buy back the 172 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: $0.80/sh now → $0.56 mid-life (likely $0.53–$0.87) → ≈ $0 at expiry | you banked $0.16/sh, so a flat mid-life exit nets -$0.40/sh | roll rows are incremental, the banked premium stays yours 📊 Across 691 simulated challenges: the $13 strike is typically first touched on day 4 of 7, at $13 (overshoots $0.35). 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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ⚠ $13 is $5 below CC-SS $18.13: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.04/sh (~25% of the $0.16 collected) or spot ≥ $13.17 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $13)); NOT the premium you collected. Momentum override: two daily closes above $15.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.75 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $18.13, where you are whole again, by expiry) Starting unrealized P&L: $-105,100 + Fortress recovery (un-capped): +$99,901 − CC assignment net of premium (172 × $13): -$85,527 + Conservative CC premium (28 × $22): +$28 Total Position P&L @ SS: $-90,697 (+$14,403 vs today) Do-nothing baseline at SS: $-4,999 (this trade vs do-nothing: $-85,699, the opportunity cost of earning $11,794/mo FIGHT income now) BB-reversion stress (→ $15.90 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$47,128, position total $-85,875 (+$19,225 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 160 × $12.50 | 24 Jul | 7d | 8.8% | 77% | 36% | +13pp | $4,160 | $17,829 | — | $85,960 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 160 × $12.50 8.8% OTM over spot $11.49 24 Jul 2026 (7d, $0.27 mid) = $4,160 credit for the 7d cycle → $17,829/mo projected Survival (stays ≤ $12.50) 77% Breach risk 23% POP (stays ≤ $12.77) 82% EV / mo +$6,998 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +13pp 50% whole by 9mo vs 37% doing nothing FIRE DRILLS ~3.5/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $7,903/mo median; plan ~$5,374/mo after 68% keep · $51,132 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.1 mo [1.8-5.1], measured ONLY among the 50% of futures that got whole 🛡 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) 36% Flat exit net (mid-life) -$4,301 Free roll-up +$1/wk Safest escape (by 7 Aug 2026) $16 @ 88% POP 86% survival Roll menuyour doors if the call gets challenged; each row = buy back the 160 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: $0.75/sh now → $0.53 mid-life (likely $0.58–$0.89) → ≈ $0 at expiry | you banked $0.26/sh, so a flat mid-life exit nets -$0.27/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,069 simulated challenges: the $12 strike is typically first touched on day 4 of 7, at $13 (overshoots $0.35). 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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ⚠ $12.50 is $6 below CC-SS $18.13: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.07/sh (~25% of the $0.26 collected) or spot ≥ $12.77 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $12)); NOT the premium you collected. Momentum override: two daily closes above $15.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.75 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $18.13, where you are whole again, by expiry) Starting unrealized P&L: $-105,100 + Fortress recovery (un-capped): +$99,901 − CC assignment net of premium (160 × $12.50): -$85,960 + Conservative CC premium (40 × $22): +$40 Total Position P&L @ SS: $-91,118 (+$13,982 vs today) Do-nothing baseline at SS: $-4,999 (this trade vs do-nothing: $-86,120, the opportunity cost of earning $17,829/mo FIGHT income now) BB-reversion stress (→ $15.90 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$50,240, position total $-88,975 (+$16,125 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 139 × $11.50 | 24 Jul | 7d | 0.1% | 53% | 99% | +17pp | $8,340 | $35,743 | +$17,914 | $83,851 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 139 × $11.50 0.1% OTM over spot $11.49 24 Jul 2026 (7d, $0.62 mid) = $8,340 credit for the 7d cycle → $35,743/mo projected Survival (stays ≤ $11.50) 53% Breach risk 47% POP (stays ≤ $12.12) 69% EV / mo +$6,991 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +17pp 57% whole by 9mo vs 40% doing nothing FIRE DRILLS ~11.8/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $8,909/mo median; plan ~$6,058/mo after 68% keep · $54,657 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.1 mo [1.6-5.2], measured ONLY among the 57% of futures that got whole 🛡 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) 77% Flat exit net (mid-life) +$1,888 Free roll-up +$1/wk Safest escape (by 14 Aug 2026) $16 @ 91% POP 90% survival Roll menuyour doors if the call gets challenged; each row = buy back the 139 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: $0.66/sh now → $0.46 mid-life (likely $0.66–$0.99) → ≈ $0 at expiry | you banked $0.60/sh, so a flat mid-life exit nets +$0.14/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,304 simulated challenges: the $12 strike is typically first touched on day 2 of 7, at $12 (overshoots $0.40). 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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ⚠ $11.50 is $7 below CC-SS $18.13: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.15/sh (~25% of the $0.60 collected) or spot ≥ $12.12 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $12)); NOT the premium you collected. Momentum override: two daily closes above $15.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.75 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $18.13, where you are whole again, by expiry) Starting unrealized P&L: $-105,100 + Fortress recovery (un-capped): +$99,901 − CC assignment net of premium (139 × $11.50): -$83,851 + Conservative CC premium (61 × $22): +$61 Total Position P&L @ SS: $-88,989 (+$16,111 vs today) Do-nothing baseline at SS: $-4,999 (this trade vs do-nothing: $-83,990, the opportunity cost of earning $35,743/mo FIGHT income now) BB-reversion stress (→ $15.90 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$52,820, position total $-91,534 (+$13,566 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (4 expiries scanned, 11 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: 0.752 (IBKR) | Recovery@SS: +$99,901 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-4,999
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $12.50 | 7d | 24 Jul 2026 | $0.26 | 160/200 | $17,829 | $17,914 | 77% | 82% | +$6,998 | -$85,960 | 1131.0% | $-91,118 (vs do-nothing $-86,120) |
| $12.50 | 14d | 31 Jul 2026 | $0.46 | 181/200 | $17,841 | $17,882 | 71% | 78% | +$5,367 | -$93,622 | 1231.9% | $-98,801 (vs do-nothing $-93,803) |
| $12.50 | 21d | 7 Aug 2026 | $0.67 | 186/200 | $17,803 | $17,833 | 69% | 77% | +$4,360 | -$92,302 | 1214.5% | $-97,487 (vs do-nothing $-92,488) |
| $12 | 7d | 24 Jul 2026 | $0.40 | 104/200 | $17,829 | $18,034 | 66% | 75% | +$5,161 | -$59,618 | 784.4% | $-64,720 (vs do-nothing $-59,722) |
| $12 | 14d | 31 Jul 2026 | $0.62 | 134/200 | $17,803 | $17,944 | 63% | 74% | +$4,115 | -$73,867 | 971.9% | $-79,000 (vs do-nothing $-74,001) |
| $12 | 21d | 7 Aug 2026 | $0.85 | 147/200 | $17,850 | $17,964 | 62% | 73% | +$3,749 | -$77,652 | 1021.7% | $-82,798 (vs do-nothing $-77,799) |
| $12 | 28d | 14 Aug 2026 | $1.02 | 163/200 | $17,814 | $17,893 | 62% | 73% | +$3,658 | -$83,333 | 1096.5% | $-88,495 (vs do-nothing $-83,496) |
| $11.50 | 28d | 14 Aug 2026 | $1.19 | 140/200 | $17,850 | $17,979 | 55% | 70% | +$2,599 | -$76,195 | 1002.6% | $-81,333 (vs do-nothing $-76,335) |
| $11.50 | 21d | 7 Aug 2026 | $1.05 | 119/200 | $17,850 | $18,024 | 55% | 70% | +$2,893 | -$66,431 | 874.1% | $-71,549 (vs do-nothing $-66,550) |
| $11.50 | 14d | 31 Jul 2026 | $0.83 | 101/200 | $17,964 | $18,176 | 54% | 69% | +$3,088 | -$58,605 | 771.1% | $-63,705 (vs do-nothing $-58,706) |
| $11.50 | 7d | 24 Jul 2026 | $0.60 | 70/200 | $18,000 | $18,279 | 53% | 69% | +$3,520 | -$42,227 | 555.6% | $-47,296 (vs do-nothing $-42,297) |
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 200 contracts at the conservative CC.