10 contracts (1,000 sh) | BE SS: $233.00 | CC-SS: $148.34 (banked floor $146.54) | IV: HIGH | Accounts: Joint:1782
| Max Loss | $53,000 | (ND $53.00 + SW $0) x 1000 |
| Normal income ref | $12,500/mo | 95% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $0/mo (info only, already in marks) |
| Unrealized P&L | $-31,300 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 10 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 🏆 | 31 Jul 2026 · 8d | 9 × $101 | 77% | $6,412 | $1,388 |
| 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 | 10 × $109 | 31 Jul | 8d | 17.5% | 91% | 20% | +12pp | $660 | $2,475 | -$3,938 | $38,680 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 10 × $109 17.5% OTM over spot $92.75 31 Jul 2026 (8d, $0.74 mid) = $660 credit for the 8d cycle → $2,475/mo projected Survival (stays ≤ $109) 91% Breach risk 9% POP (stays ≤ $109.73) 91% EV / mo +$1,170 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +12pp 49% whole by 9mo vs 38% doing nothing FIRE DRILLS ~1.2/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $1,537/mo median; plan ~$1,045/mo after 68% keep · $10,423 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.3 mo [2.0-5.5], measured ONLY among the 49% 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) 13% Flat exit net (mid-life) -$3,948 Free roll-up +$6/wk Safest escape (by 14 Aug 2026) $122 @ 80% POP 75% survival Roll menuyour doors if the call gets challenged; each row = buy back the 10 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $6.51/sh now → $4.61 mid-life (likely $3.59–$6.61) → ≈ $0 at expiry | you banked $0.66/sh, so a flat mid-life exit nets -$3.95/sh | roll rows are incremental, the banked premium stays yours 📊 Across 380 simulated challenges: the $109 strike is typically first touched on day 6 of 8, at $112 (overshoots $2.89). 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 ⚠ $109 is $39 below CC-SS $148.34: 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 < $0.17/sh (~25% of the $0.66 collected) or spot ≥ $109.73 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $109)); NOT the premium you collected. Momentum override: two daily closes above $104.22 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.47 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.34, where you are whole again, by expiry) Starting unrealized P&L: $-31,300 + Fortress recovery (un-capped): +$26,408 − CC assignment net of premium (10 × $109): -$38,680 Total Position P&L @ SS: $-43,573 ($-12,273 vs today) Do-nothing baseline at SS: $-4,882 (this trade vs do-nothing: $-38,690, the opportunity cost of earning $2,475/mo FIGHT income now) BB-reversion stress (→ $133.71 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$24,050, position total $-35,892 ($-4,592 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 9 × $104 | 31 Jul | 8d | 12.1% | 83% | 35% | +15pp | $1,143 | $4,286 | -$2,126 | $38,763 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 9 × $104 12.1% OTM over spot $92.75 31 Jul 2026 (8d, $1.36 mid) = $1,143 credit for the 8d cycle → $4,286/mo projected Survival (stays ≤ $104) 83% Breach risk 17% POP (stays ≤ $105.36) 86% EV / mo +$1,657 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +15pp 48% whole by 9mo vs 33% doing nothing FIRE DRILLS ~2.2/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $2,215/mo median; plan ~$1,506/mo after 68% keep · $15,175 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.6 mo [2.4-5.6], 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) 24% Flat exit net (mid-life) -$2,701 Free roll-up +$5/wk Safest escape (by 14 Aug 2026) $119 @ 82% POP 79% survival Roll menuyour doors if the call gets challenged; each row = buy back the 9 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $6.04/sh now → $4.27 mid-life (likely $4.24–$6.60) → ≈ $0 at expiry | you banked $1.27/sh, so a flat mid-life exit nets -$3.00/sh | roll rows are incremental, the banked premium stays yours 📊 Across 722 simulated challenges: the $104 strike is typically first touched on day 5 of 8, at $107 (overshoots $2.78). 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 ⚠ $104 is $44 below CC-SS $148.34: 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 < $0.32/sh (~25% of the $1.27 collected) or spot ≥ $105.36 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $104)); NOT the premium you collected. Momentum override: two daily closes above $104.22 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.47 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.34, where you are whole again, by expiry) Starting unrealized P&L: $-31,300 + Fortress recovery (un-capped): +$26,408 − CC assignment net of premium (9 × $104): -$38,763 + Conservative CC premium (1 × $185): +$1 Total Position P&L @ SS: $-43,655 ($-12,355 vs today) Do-nothing baseline at SS: $-4,882 (this trade vs do-nothing: $-38,772, the opportunity cost of earning $4,286/mo FIGHT income now) BB-reversion stress (→ $133.71 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$25,596, position total $-37,437 ($-6,137 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 9 × $101 | 31 Jul | 8d | 8.9% | 77% | 37% | +18pp | $1,710 | $6,412 | — | $40,896 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 9 × $101 8.9% OTM over spot $92.75 31 Jul 2026 (8d, $1.95 mid) = $1,710 credit for the 8d cycle → $6,412/mo projected Survival (stays ≤ $101) 77% Breach risk 23% POP (stays ≤ $102.95) 82% EV / mo +$2,382 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +18pp 52% whole by 9mo vs 34% doing nothing FIRE DRILLS ~3.2/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $2,770/mo median; plan ~$1,884/mo after 68% keep · $18,937 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.5 mo [2.1-5.3], 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) 37% Flat exit net (mid-life) -$1,957 Free roll-up +$5/wk Safest escape (by 14 Aug 2026) $119 @ 85% POP 83% survival Roll menuyour doors if the call gets challenged; each row = buy back the 9 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.76/sh now → $4.07 mid-life (likely $4.47–$6.77) → ≈ $0 at expiry | you banked $1.90/sh, so a flat mid-life exit nets -$2.17/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,096 simulated challenges: the $101 strike is typically first touched on day 4 of 8, at $104 (overshoots $2.66). 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 ⚠ $101 is $47 below CC-SS $148.34: 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 < $0.47/sh (~25% of the $1.90 collected) or spot ≥ $102.95 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $101)); NOT the premium you collected. Momentum override: two daily closes above $104.22 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.47 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.34, where you are whole again, by expiry) Starting unrealized P&L: $-31,300 + Fortress recovery (un-capped): +$26,408 − CC assignment net of premium (9 × $101): -$40,896 + Conservative CC premium (1 × $185): +$1 Total Position P&L @ SS: $-45,788 ($-14,488 vs today) Do-nothing baseline at SS: $-4,882 (this trade vs do-nothing: $-40,905, the opportunity cost of earning $6,412/mo FIGHT income now) BB-reversion stress (→ $133.71 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$27,729, position total $-39,570 ($-8,270 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 9 × $95 | 31 Jul | 8d | 2.4% | 60% | 84% | +28pp | $3,375 | $12,656 | +$6,244 | $44,631 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 9 × $95 2.4% OTM over spot $92.75 31 Jul 2026 (8d, $3.90 mid) = $3,375 credit for the 8d cycle → $12,656/mo projected Survival (stays ≤ $95) 60% Breach risk 40% POP (stays ≤ $98.90) 72% EV / mo +$2,853 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +28pp 62% whole by 9mo vs 34% doing nothing FIRE DRILLS ~6.8/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $3,930/mo median; plan ~$2,672/mo after 68% keep · $22,349 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~2.9 mo [1.9-4.9], measured ONLY among the 62% 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) 68% Flat exit net (mid-life) +$49 Free roll-up +$4/wk Safest escape (by 7 Aug 2026) $113 @ 90% POP 89% survival Roll menuyour doors if the call gets challenged; each row = buy back the 9 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.22/sh now → $3.70 mid-life (likely $4.90–$6.87) → ≈ $0 at expiry | you banked $3.75/sh, so a flat mid-life exit nets +$0.05/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,055 simulated challenges: the $95 strike is typically first touched on day 3 of 8, at $98 (overshoots $2.62). 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 ⚠ $95 is $53 below CC-SS $148.34: 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 < $0.94/sh (~25% of the $3.75 collected) or spot ≥ $98.90 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $95)); NOT the premium you collected. Momentum override: two daily closes above $104.22 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.47 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.34, where you are whole again, by expiry) Starting unrealized P&L: $-31,300 + Fortress recovery (un-capped): +$26,408 − CC assignment net of premium (9 × $95): -$44,631 + Conservative CC premium (1 × $185): +$1 Total Position P&L @ SS: $-49,523 ($-18,223 vs today) Do-nothing baseline at SS: $-4,882 (this trade vs do-nothing: $-44,640, the opportunity cost of earning $12,656/mo FIGHT income now) BB-reversion stress (→ $133.71 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$31,464, position total $-43,305 ($-12,005 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 38 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: 0.475 (IBKR) | Recovery@SS: +$26,408 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-4,882
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $101 | 8d | 31 Jul 2026 | $1.90 | 9/10 | $6,412 | $6,414 | 77% | 82% | +$2,382 | -$40,896 | 77.2% | $-45,788 (vs do-nothing $-40,905) |
| $100 | 8d | 31 Jul 2026 | $2.10 | 8/10 | $6,300 | $6,304 | 75% | 80% | +$2,096 | -$36,992 | 69.8% | $-41,882 (vs do-nothing $-37,000) |
| $99 | 8d | 31 Jul 2026 | $2.38 | 8/10 | $7,140 | $7,144 | 72% | 79% | +$2,231 | -$37,568 | 70.9% | $-42,458 (vs do-nothing $-37,576) |
| $101 | 15d | 7 Aug 2026 | $3.20 | 10/10 | $6,400 | $6,400 | 72% | 78% | +$1,662 | -$44,140 | 83.3% | $-49,033 (vs do-nothing $-44,150) |
| $98.50 | 8d | 31 Jul 2026 | $2.53 | 7/10 | $6,641 | $6,647 | 71% | 78% | +$2,007 | -$33,117 | 62.5% | $-38,006 (vs do-nothing $-33,124) |
| $100 | 15d | 7 Aug 2026 | $3.55 | 9/10 | $6,390 | $6,392 | 70% | 77% | +$1,654 | -$40,311 | 76.1% | $-45,203 (vs do-nothing $-40,320) |
| $98 | 8d | 31 Jul 2026 | $2.66 | 7/10 | $6,983 | $6,989 | 69% | 77% | +$1,989 | -$33,376 | 63.0% | $-38,265 (vs do-nothing $-33,383) |
| $100 | 22d | 14 Aug 2026 | $4.70 | 10/10 | $6,409 | $6,409 | 68% | 76% | +$1,521 | -$43,640 | 82.3% | $-48,533 (vs do-nothing $-43,650) |
| $99 | 15d | 7 Aug 2026 | $3.85 | 9/10 | $6,930 | $6,932 | 68% | 76% | +$1,678 | -$40,941 | 77.2% | $-45,833 (vs do-nothing $-40,950) |
| $97.50 | 8d | 31 Jul 2026 | $2.81 | 6/10 | $6,322 | $6,330 | 68% | 76% | +$1,716 | -$28,818 | 54.4% | $-33,706 (vs do-nothing $-28,824) |
| $98.50 | 15d | 7 Aug 2026 | $4.00 | 8/10 | $6,400 | $6,404 | 67% | 75% | +$1,487 | -$36,672 | 69.2% | $-41,562 (vs do-nothing $-36,680) |
| $97 | 8d | 31 Jul 2026 | $3.00 | 6/10 | $6,750 | $6,758 | 66% | 75% | +$1,798 | -$29,004 | 54.7% | $-33,892 (vs do-nothing $-29,010) |
| $99 | 22d | 14 Aug 2026 | $5.05 | 10/10 | $6,886 | $6,886 | 66% | 75% | +$1,577 | -$44,290 | 83.6% | $-49,183 (vs do-nothing $-44,300) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $98 | 15d | 7 Aug 2026 | $4.00 | 8/10 | $6,400 | $6,404 | 66% | 75% | +$1,232 | -$37,072 | 69.9% | $-41,962 (vs do-nothing $-37,080) |
| $96.50 | 8d | 31 Jul 2026 | $3.15 | 6/10 | $7,088 | $7,096 | 65% | 75% | +$1,771 | -$29,214 | 55.1% | $-34,102 (vs do-nothing $-29,220) |
| $97.50 | 15d | 7 Aug 2026 | $4.35 | 8/10 | $6,960 | $6,964 | 65% | 74% | +$1,526 | -$37,192 | 70.2% | $-42,082 (vs do-nothing $-37,200) |
| $98 | 22d | 14 Aug 2026 | $5.40 | 9/10 | $6,627 | $6,629 | 65% | 74% | +$1,442 | -$40,446 | 76.3% | $-45,338 (vs do-nothing $-40,455) |
| $97 | 15d | 7 Aug 2026 | $4.55 | 7/10 | $6,370 | $6,376 | 64% | 74% | +$1,373 | -$32,753 | 61.8% | $-37,642 (vs do-nothing $-32,760) |
| $96 | 8d | 31 Jul 2026 | $3.30 | 6/10 | $7,425 | $7,433 | 63% | 73% | +$1,723 | -$29,424 | 55.5% | $-34,312 (vs do-nothing $-29,430) |
| $97 | 22d | 14 Aug 2026 | $5.80 | 8/10 | $6,327 | $6,331 | 63% | 73% | +$1,332 | -$36,432 | 68.7% | $-41,322 (vs do-nothing $-36,440) |
| $96.50 | 15d | 7 Aug 2026 | $4.75 | 7/10 | $6,650 | $6,656 | 63% | 73% | +$1,401 | -$32,963 | 62.2% | $-37,852 (vs do-nothing $-32,970) |
| $96 | 15d | 7 Aug 2026 | $4.95 | 7/10 | $6,930 | $6,936 | 61% | 73% | +$1,419 | -$33,173 | 62.6% | $-38,062 (vs do-nothing $-33,180) |
| $96 | 22d | 14 Aug 2026 | $6.10 | 8/10 | $6,655 | $6,659 | 61% | 72% | +$1,246 | -$36,992 | 69.8% | $-41,882 (vs do-nothing $-37,000) |
| $95 | 8d | 31 Jul 2026 | $3.75 | 5/10 | $7,031 | $7,041 | 60% | 72% | +$1,585 | -$24,795 | 46.8% | $-29,682 (vs do-nothing $-24,800) |
| $95 | 15d | 7 Aug 2026 | $5.35 | 6/10 | $6,420 | $6,428 | 59% | 71% | +$1,221 | -$28,794 | 54.3% | $-33,682 (vs do-nothing $-28,800) |
| $95 | 22d | 14 Aug 2026 | $6.55 | 7/10 | $6,252 | $6,258 | 59% | 71% | +$1,134 | -$32,753 | 61.8% | $-37,642 (vs do-nothing $-32,760) |
| $94 | 8d | 31 Jul 2026 | $4.15 | 5/10 | $7,781 | $7,791 | 57% | 70% | +$1,397 | -$25,095 | 47.3% | $-29,982 (vs do-nothing $-25,100) |
| $94 | 22d | 14 Aug 2026 | $6.95 | 7/10 | $6,634 | $6,640 | 57% | 70% | +$1,106 | -$33,173 | 62.6% | $-38,062 (vs do-nothing $-33,180) |
| $94 | 15d | 7 Aug 2026 | $5.75 | 6/10 | $6,900 | $6,908 | 57% | 70% | +$1,189 | -$29,154 | 55.0% | $-34,042 (vs do-nothing $-29,160) |
| $93 | 22d | 14 Aug 2026 | $7.45 | 7/10 | $7,111 | $7,117 | 55% | 69% | +$1,148 | -$33,523 | 63.3% | $-38,412 (vs do-nothing $-33,530) |
| $93 | 15d | 7 Aug 2026 | $6.25 | 5/10 | $6,250 | $6,260 | 54% | 69% | +$1,034 | -$24,545 | 46.3% | $-29,432 (vs do-nothing $-24,550) |
| $93 | 8d | 31 Jul 2026 | $4.65 | 4/10 | $6,975 | $6,987 | 53% | 68% | +$1,179 | -$20,276 | 38.3% | $-25,162 (vs do-nothing $-20,280) |
| $92 | 22d | 14 Aug 2026 | $7.95 | 6/10 | $6,505 | $6,513 | 52% | 69% | +$998 | -$29,034 | 54.8% | $-33,922 (vs do-nothing $-29,040) |
| $92 | 15d | 7 Aug 2026 | $6.75 | 5/10 | $6,750 | $6,760 | 51% | 68% | +$1,076 | -$24,795 | 46.8% | $-29,682 (vs do-nothing $-24,800) |
| $91 | 22d | 14 Aug 2026 | $8.40 | 6/10 | $6,873 | $6,881 | 50% | 68% | +$950 | -$29,364 | 55.4% | $-34,252 (vs do-nothing $-29,370) |
| $92 | 8d | 31 Jul 2026 | $5.10 | 4/10 | $7,650 | $7,662 | 50% | 67% | +$1,102 | -$20,496 | 38.7% | $-25,382 (vs do-nothing $-20,500) |
| $91 | 15d | 7 Aug 2026 | $7.20 | 5/10 | $7,200 | $7,210 | 49% | 67% | +$1,018 | -$25,070 | 47.3% | $-29,957 (vs do-nothing $-25,075) |
| $91 | 8d | 31 Jul 2026 | $5.65 | 3/10 | $6,356 | $6,370 | 47% | 66% | +$833 | -$15,507 | 29.3% | $-20,392 (vs do-nothing $-15,510) |
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 10 contracts at the conservative CC.