4 contracts (400 sh) | BE SS: $161.00 | CC-SS: $167.92 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $56,800 | (ND $12.00 + SW $130) x 400 |
| Normal income ref | $5,280/mo | 95% ann ROI on ML |
| Hedge rolling cost | $414/mo | |
| Unrealized P&L | $-32,332 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 4 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 · 8d | 4 × $104 | 79% | $2,655 | $43 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 4 × $120 | 17 Jul | 8d | 28.0% | 96% | 9% | $132 | $495 | -$2,160 | $19,034 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $120 28.0% OTM over spot $93.76 17 Jul 2026 (8d, $0.39 mid) = $132 credit for the 8d cycle → $495/mo projected Survival (stays ≤ $120) 96% Breach risk 4% POP (stays ≤ $120.39) 96% EV / mo +$275 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.6 mo [2.4-5.6] median · 30% of paths whole by 9 mo (vs 28% without) · ~1.3 challenges expected · median CC cash $-298 🛡 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) 4% Flat exit net (mid-life) -$2,332 Free roll-up +$5/wk Safest escape (by 24 Jul 2026) $125 @ 72% POP 63% survival Roll menuyour doors if the call gets challenged; each row = buy back the 4 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: $8.71/sh now → $6.16 mid-life (likely $4.54–$8.19) → ≈ $0 at expiry | you banked $0.33/sh, so a flat mid-life exit nets -$5.83/sh | roll rows are incremental, the banked premium stays yours 📊 Across 130 simulated challenges: the $120 strike is typically first touched on day 6 of 8, at $123 (overshoots $3.24). 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.
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 ⚠ $120 is $48 below CC-SS $167.92: 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 < $0.08/sh (~25% of the $0.33 collected) or spot ≥ $120.39 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $120)); NOT the premium you collected. Momentum override: two daily closes above $130.37 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.09 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.92, where you are whole again, by expiry) Starting unrealized P&L: $-32,332 + Fortress recovery (un-capped): +$32,332 − CC assignment net of premium (4 × $120): -$19,034 Total Position P&L @ SS: $-19,034 (+$13,298 vs today) Do-nothing baseline at SS: $-3,146 (this trade vs do-nothing: $-15,888, the opportunity cost of earning $495/mo FIGHT income now) BB-reversion stress (→ $137.25 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$6,768, position total $-20,138 (+$12,194 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 4 × $112 | 17 Jul | 8d | 19.5% | 90% | 20% | $276 | $1,035 | -$1,620 | $22,090 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $112 19.5% OTM over spot $93.76 17 Jul 2026 (8d, $0.78 mid) = $276 credit for the 8d cycle → $1,035/mo projected Survival (stays ≤ $112) 90% Breach risk 10% POP (stays ≤ $112.78) 91% EV / mo +$413 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.0 mo [2.3-5.4] median, 0.4 mo SLOWER than no FIGHT (3.6 mo): roll costs eat the credits at this rung · 31% of paths whole by 9 mo (vs 26% without) · ~3.9 challenges expected · median CC cash $1,476 🛡 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) 14% Flat exit net (mid-life) -$1,933 Free roll-up +$4/wk Safest escape (by 24 Jul 2026) $118 @ 74% POP 65% survival Roll menuyour doors if the call gets challenged; each row = buy back the 4 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: $7.81/sh now → $5.52 mid-life (likely $4.86–$7.92) → ≈ $0 at expiry | you banked $0.69/sh, so a flat mid-life exit nets -$4.83/sh | roll rows are incremental, the banked premium stays yours 📊 Across 408 simulated challenges: the $112 strike is typically first touched on day 5 of 8, at $115 (overshoots $3.40). 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.
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 ⚠ $112 is $56 below CC-SS $167.92: 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 $0.69 collected) or spot ≥ $112.78 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $112)); NOT the premium you collected. Momentum override: two daily closes above $130.37 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.09 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.92, where you are whole again, by expiry) Starting unrealized P&L: $-32,332 + Fortress recovery (un-capped): +$32,332 − CC assignment net of premium (4 × $112): -$22,090 Total Position P&L @ SS: $-22,090 (+$10,242 vs today) Do-nothing baseline at SS: $-3,146 (this trade vs do-nothing: $-18,944, the opportunity cost of earning $1,035/mo FIGHT income now) BB-reversion stress (→ $137.25 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$9,824, position total $-23,194 (+$9,138 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 4 × $107 | 17 Jul | 8d | 14.1% | 84% | 33% | $484 | $1,815 | -$840 | $23,882 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $107 14.1% OTM over spot $93.76 17 Jul 2026 (8d, $1.36 mid) = $484 credit for the 8d cycle → $1,815/mo projected Survival (stays ≤ $107) 84% Breach risk 16% POP (stays ≤ $108.36) 86% EV / mo +$578 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.3 mo [2.0-5.2] median, 0.1 mo SLOWER than no FIGHT (3.1 mo): roll costs eat the credits at this rung · 35% of paths whole by 9 mo (vs 30% without) · ~6.8 challenges expected · median CC cash $3,586 🛡 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) -$1,573 Free roll-up +$4/wk Safest escape (by 24 Jul 2026) $114 @ 75% POP 68% survival Roll menuyour doors if the call gets challenged; each row = buy back the 4 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: $7.27/sh now → $5.14 mid-life (likely $4.79–$7.75) → ≈ $0 at expiry | you banked $1.21/sh, so a flat mid-life exit nets -$3.93/sh | roll rows are incremental, the banked premium stays yours 📊 Across 728 simulated challenges: the $107 strike is typically first touched on day 5 of 8, at $110 (overshoots $3.04). 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.
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 ⚠ $107 is $61 below CC-SS $167.92: 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 < $0.30/sh (~25% of the $1.21 collected) or spot ≥ $108.36 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $107)); NOT the premium you collected. Momentum override: two daily closes above $130.37 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.09 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.92, where you are whole again, by expiry) Starting unrealized P&L: $-32,332 + Fortress recovery (un-capped): +$32,332 − CC assignment net of premium (4 × $107): -$23,882 Total Position P&L @ SS: $-23,882 (+$8,450 vs today) Do-nothing baseline at SS: $-3,146 (this trade vs do-nothing: $-20,736, the opportunity cost of earning $1,815/mo FIGHT income now) BB-reversion stress (→ $137.25 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$11,616, position total $-24,986 (+$7,346 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 4 × $104 | 17 Jul | 8d | 10.9% | 79% | 35% | $708 | $2,655 | — | $24,858 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $104 10.9% OTM over spot $93.76 17 Jul 2026 (8d, $1.93 mid) = $708 credit for the 8d cycle → $2,655/mo projected Survival (stays ≤ $104) 79% Breach risk 21% POP (stays ≤ $105.92) 83% EV / mo +$790 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.8 mo [2.4-5.7] median, 0.4 mo faster than no FIGHT (4.2 mo) · 33% of paths whole by 9 mo (vs 28% without) · ~9.7 challenges expected · median CC cash $5,375 🛡 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) 35% Flat exit net (mid-life) -$1,260 Free roll-up +$4/wk Safest escape (by 24 Jul 2026) $113 @ 78% POP 72% survival Roll menuyour doors if the call gets challenged; each row = buy back the 4 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: $6.95/sh now → $4.92 mid-life (likely $5.21–$7.85) → ≈ $0 at expiry | you banked $1.77/sh, so a flat mid-life exit nets -$3.15/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,062 simulated challenges: the $104 strike is typically first touched on day 4 of 8, at $107 (overshoots $3.06). 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.
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 $64 below CC-SS $167.92: 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 < $0.44/sh (~25% of the $1.77 collected) or spot ≥ $105.92 (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 $130.37 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.09 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.92, where you are whole again, by expiry) Starting unrealized P&L: $-32,332 + Fortress recovery (un-capped): +$32,332 − CC assignment net of premium (4 × $104): -$24,858 Total Position P&L @ SS: $-24,858 (+$7,474 vs today) Do-nothing baseline at SS: $-3,146 (this trade vs do-nothing: $-21,712, the opportunity cost of earning $2,655/mo FIGHT income now) BB-reversion stress (→ $137.25 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$12,592, position total $-25,962 (+$6,370 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 4 × $97 | 17 Jul | 8d | 3.5% | 62% | 79% | $1,420 | $5,325 | +$2,670 | $26,946 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $97 3.5% OTM over spot $93.76 17 Jul 2026 (8d, $3.90 mid) = $1,420 credit for the 8d cycle → $5,325/mo projected Survival (stays ≤ $97) 62% Breach risk 38% POP (stays ≤ $100.90) 72% EV / mo +$725 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.7 mo [2.1-5.7] median, 0.2 mo SLOWER than no FIGHT (3.6 mo): roll costs eat the credits at this rung · 40% of paths whole by 9 mo (vs 31% without) · ~23.1 challenges expected · median CC cash $8,547 🛡 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) 63% Flat exit net (mid-life) -$347 Free roll-up +$3/wk Safest escape (by 24 Jul 2026) $117 @ 90% POP 89% survival Roll menuyour doors if the call gets challenged; each row = buy back the 4 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: $6.24/sh now → $4.42 mid-life (likely $5.75–$8.18) → ≈ $0 at expiry | you banked $3.55/sh, so a flat mid-life exit nets -$0.87/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,889 simulated challenges: the $97 strike is typically first touched on day 3 of 8, at $100 (overshoots $2.96). 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.
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 ⚠ $97 is $71 below CC-SS $167.92: 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 < $0.89/sh (~25% of the $3.55 collected) or spot ≥ $100.90 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $97)); NOT the premium you collected. Momentum override: two daily closes above $130.37 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.09 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.92, where you are whole again, by expiry) Starting unrealized P&L: $-32,332 + Fortress recovery (un-capped): +$32,332 − CC assignment net of premium (4 × $97): -$26,946 Total Position P&L @ SS: $-26,946 (+$5,386 vs today) Do-nothing baseline at SS: $-3,146 (this trade vs do-nothing: $-23,800, the opportunity cost of earning $5,325/mo FIGHT income now) BB-reversion stress (→ $137.25 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$14,680, position total $-28,050 (+$4,282 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (2 expiries scanned, 32 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: 1.090 (IBKR) | Recovery@SS: +$32,332 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-3,146
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $104 | 8d | 17 Jul 2026 | $1.77 | 4/4 | $2,655 | $2,241 | 79% | 83% | +$790 | -$24,858 | 517.9% | $-24,858 (vs do-nothing $-21,712) |
| $103 | 8d | 17 Jul 2026 | $2.01 | 4/4 | $3,015 | $2,601 | 77% | 81% | +$881 | -$25,162 | 524.2% | $-25,162 (vs do-nothing $-22,016) |
| $102 | 8d | 17 Jul 2026 | $2.25 | 4/4 | $3,375 | $2,961 | 75% | 80% | +$936 | -$25,466 | 530.5% | $-25,466 (vs do-nothing $-22,320) |
| $101 | 8d | 17 Jul 2026 | $2.52 | 3/4 | $2,835 | $2,431 | 73% | 79% | +$749 | -$19,319 | 402.5% | $-20,105 (vs do-nothing $-16,959) |
| $102 | 15d | 24 Jul 2026 | $3.50 | 4/4 | $2,800 | $2,386 | 71% | 77% | +$496 | -$24,966 | 520.1% | $-24,966 (vs do-nothing $-21,820) |
| $100 | 8d | 17 Jul 2026 | $2.81 | 3/4 | $3,161 | $2,757 | 70% | 77% | +$787 | -$19,532 | 406.9% | $-20,318 (vs do-nothing $-17,172) |
| $101 | 15d | 24 Jul 2026 | $3.80 | 4/4 | $3,040 | $2,626 | 69% | 76% | +$508 | -$25,246 | 526.0% | $-25,246 (vs do-nothing $-22,100) |
| $99 | 8d | 17 Jul 2026 | $3.00 | 3/4 | $3,375 | $2,971 | 68% | 76% | +$678 | -$19,775 | 412.0% | $-20,561 (vs do-nothing $-17,415) |
| $100 | 15d | 24 Jul 2026 | $4.15 | 4/4 | $3,320 | $2,906 | 67% | 75% | +$541 | -$25,506 | 531.4% | $-25,506 (vs do-nothing $-22,360) |
| $98.50 | 8d | 17 Jul 2026 | $3.25 | 3/4 | $3,656 | $3,252 | 66% | 75% | +$785 | -$19,850 | 413.5% | $-20,636 (vs do-nothing $-17,490) |
| $98 | 8d | 17 Jul 2026 | $3.40 | 3/4 | $3,825 | $3,421 | 65% | 74% | +$770 | -$19,955 | 415.7% | $-20,741 (vs do-nothing $-17,595) |
| $99 | 15d | 24 Jul 2026 | $4.50 | 3/4 | $2,700 | $2,296 | 65% | 74% | +$416 | -$19,325 | 402.6% | $-20,111 (vs do-nothing $-16,965) |
| $98.50 | 15d | 24 Jul 2026 | $4.65 | 3/4 | $2,790 | $2,386 | 64% | 74% | +$400 | -$19,430 | 404.8% | $-20,216 (vs do-nothing $-17,070) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $97.50 | 8d | 17 Jul 2026 | $3.35 | 3/4 | $3,769 | $3,365 | 64% | 73% | +$521 | -$20,120 | 419.2% | $-20,906 (vs do-nothing $-17,760) |
| $98 | 15d | 24 Jul 2026 | $4.85 | 3/4 | $2,910 | $2,506 | 63% | 73% | +$410 | -$19,520 | 406.7% | $-20,306 (vs do-nothing $-17,160) |
| $97 | 8d | 17 Jul 2026 | $3.55 | 2/4 | $2,662 | $2,268 | 62% | 72% | +$362 | -$13,473 | 280.7% | $-15,046 (vs do-nothing $-11,900) |
| $97.50 | 15d | 24 Jul 2026 | $5.05 | 3/4 | $3,030 | $2,626 | 62% | 72% | +$416 | -$19,610 | 408.5% | $-20,396 (vs do-nothing $-17,250) |
| $96.50 | 8d | 17 Jul 2026 | $3.75 | 2/4 | $2,812 | $2,418 | 61% | 72% | +$371 | -$13,533 | 281.9% | $-15,106 (vs do-nothing $-11,960) |
| $97 | 15d | 24 Jul 2026 | $5.25 | 3/4 | $3,150 | $2,746 | 61% | 72% | +$418 | -$19,700 | 410.4% | $-20,486 (vs do-nothing $-17,340) |
| $96.50 | 15d | 24 Jul 2026 | $5.45 | 3/4 | $3,270 | $2,866 | 60% | 71% | +$416 | -$19,790 | 412.3% | $-20,576 (vs do-nothing $-17,430) |
| $96 | 8d | 17 Jul 2026 | $4.25 | 2/4 | $3,188 | $2,793 | 59% | 71% | +$597 | -$13,533 | 281.9% | $-15,106 (vs do-nothing $-11,960) |
| $96 | 15d | 24 Jul 2026 | $5.65 | 3/4 | $3,390 | $2,986 | 59% | 71% | +$410 | -$19,880 | 414.2% | $-20,666 (vs do-nothing $-17,520) |
| $95 | 8d | 17 Jul 2026 | $4.45 | 2/4 | $3,338 | $2,943 | 57% | 70% | +$430 | -$13,693 | 285.3% | $-15,266 (vs do-nothing $-12,120) |
| $95 | 15d | 24 Jul 2026 | $6.15 | 3/4 | $3,690 | $3,286 | 57% | 70% | +$445 | -$20,030 | 417.3% | $-20,816 (vs do-nothing $-17,670) |
| $94 | 15d | 24 Jul 2026 | $6.60 | 2/4 | $2,640 | $2,246 | 54% | 69% | +$261 | -$13,463 | 280.5% | $-15,036 (vs do-nothing $-11,890) |
| $94 | 8d | 17 Jul 2026 | $4.85 | 2/4 | $3,638 | $3,243 | 54% | 68% | +$384 | -$13,813 | 287.8% | $-15,386 (vs do-nothing $-12,240) |
| $93 | 15d | 24 Jul 2026 | $7.10 | 2/4 | $2,840 | $2,446 | 52% | 68% | +$271 | -$13,563 | 282.6% | $-15,136 (vs do-nothing $-11,990) |
| $93.50 | 8d | 17 Jul 2026 | $5.15 | 2/4 | $3,862 | $3,468 | 52% | 68% | +$425 | -$13,853 | 288.6% | $-15,426 (vs do-nothing $-12,280) |
| $93 | 8d | 17 Jul 2026 | $5.40 | 2/4 | $4,050 | $3,656 | 50% | 67% | +$422 | -$13,903 | 289.6% | $-15,476 (vs do-nothing $-12,330) |
| $92 | 15d | 24 Jul 2026 | $7.65 | 2/4 | $3,060 | $2,666 | 50% | 67% | +$291 | -$13,653 | 284.4% | $-15,226 (vs do-nothing $-12,080) |
| $92.50 | 8d | 17 Jul 2026 | $5.65 | 2/4 | $4,238 | $3,843 | 49% | 66% | +$412 | -$13,953 | 290.7% | $-15,526 (vs do-nothing $-12,380) |
| $92 | 8d | 17 Jul 2026 | $5.95 | 2/4 | $4,462 | $4,068 | 47% | 66% | +$431 | -$13,993 | 291.5% | $-15,566 (vs do-nothing $-12,420) |
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 4 contracts at the conservative CC.