4 contracts (400 sh) | BE SS: $161.00 | CC-SS: $169.65 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $56,800 | (ND $12.00 + SW $130) x 400 |
| Normal income ref | $4,800/mo | 95% ann ROI on ML |
| Hedge rolling cost | $341/mo | |
| Unrealized P&L | $-32,660 | 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 · 7d | 4 × $104 | 78% | $2,537 | $668 |
| 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 × $122 | 17 Jul | 7d | 27.9% | 98% | 3% | $80 | $343 | -$2,194 | $18,978 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $122 27.9% OTM over spot $95.40 17 Jul 2026 (7d, $0.22 mid) = $80 credit for the 7d cycle → $343/mo projected Survival (stays ≤ $122) 98% Breach risk 2% POP (stays ≤ $122.22) 98% EV / mo +$300 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.8 mo [2.3-5.9] median, 0.2 mo faster than no FIGHT (3.9 mo) · 33% of paths whole by 9 mo (vs 32% without) · ~0.6 challenges expected · median CC cash $-700 🛡 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) -$1,676 Free roll-up +$9/wk Safest escape (by 31 Jul 2026) $142 @ 81% POP 78% 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 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $6.21/sh now → $4.39 mid-life → ≈ $0 at expiry | you banked $0.20/sh, so a flat mid-life exit nets -$4.19/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 +0.5 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 ⚠ $122 is $48 below CC-SS $169.65: 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 < $0.05/sh (~25% of the $0.20 collected) or spot ≥ $122.22 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $122)); NOT the premium you collected. Momentum override: two daily closes above $130.35 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.10 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $169.65, where you are whole again, by expiry) Starting unrealized P&L: $-32,660 + Fortress recovery (un-capped): +$32,639 − CC assignment net of premium (4 × $122): -$18,978 Total Position P&L @ SS: $-19,000 (+$13,660 vs today) Do-nothing baseline at SS: $-3,860 (this trade vs do-nothing: $-15,140, the opportunity cost of earning $343/mo FIGHT income now) BB-reversion stress (→ $137.27 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$6,028, position total $-20,282 (+$12,378 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 4 × $111 | 17 Jul | 7d | 16.4% | 91% | 18% | $252 | $1,080 | -$1,457 | $23,206 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $111 16.4% OTM over spot $95.40 17 Jul 2026 (7d, $0.71 mid) = $252 credit for the 7d cycle → $1,080/mo projected Survival (stays ≤ $111) 91% Breach risk 9% POP (stays ≤ $111.70) 92% EV / mo +$573 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.0 mo [2.4-5.1] median, 0.1 mo faster than no FIGHT (4.1 mo) · 29% of paths whole by 9 mo (vs 27% without) · ~4.2 challenges expected · median CC cash $2,433 🛡 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) -$1,253 Free roll-up +$8/wk Safest escape (by 31 Jul 2026) $129 @ 82% POP 79% 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 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.32/sh now → $3.76 mid-life (likely $3.16–$5.20) → ≈ $0 at expiry | you banked $0.63/sh, so a flat mid-life exit nets -$3.13/sh | roll rows are incremental, the banked premium stays yours 📊 Across 399 simulated challenges: the $111 strike is typically first touched on day 5 of 7, at $114 (overshoots $2.67). 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 ⚠ $111 is $59 below CC-SS $169.65: 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 < $0.16/sh (~25% of the $0.63 collected) or spot ≥ $111.70 (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 $130.35 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.10 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $169.65, where you are whole again, by expiry) Starting unrealized P&L: $-32,660 + Fortress recovery (un-capped): +$32,639 − CC assignment net of premium (4 × $111): -$23,206 Total Position P&L @ SS: $-23,228 (+$9,432 vs today) Do-nothing baseline at SS: $-3,860 (this trade vs do-nothing: $-19,368, the opportunity cost of earning $1,080/mo FIGHT income now) BB-reversion stress (→ $137.27 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$10,256, position total $-24,510 (+$8,150 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 4 × $107 | 17 Jul | 7d | 12.2% | 85% | 31% | $412 | $1,766 | -$771 | $24,646 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $107 12.2% OTM over spot $95.40 17 Jul 2026 (7d, $1.08 mid) = $412 credit for the 7d cycle → $1,766/mo projected Survival (stays ≤ $107) 85% Breach risk 15% POP (stays ≤ $108.08) 87% EV / mo +$674 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.8 mo [2.6-5.7] median, 0.1 mo faster than no FIGHT (3.9 mo) · 33% of paths whole by 9 mo (vs 30% without) · ~7.4 challenges expected · median CC cash $4,396 🛡 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) -$1,006 Free roll-up +$7/wk Safest escape (by 31 Jul 2026) $127 @ 84% POP 82% 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 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.01/sh now → $3.54 mid-life (likely $3.37–$5.51) → ≈ $0 at expiry | you banked $1.03/sh, so a flat mid-life exit nets -$2.51/sh | roll rows are incremental, the banked premium stays yours 📊 Across 689 simulated challenges: the $107 strike is typically first touched on day 4 of 7, at $110 (overshoots $2.63). 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 ⚠ $107 is $63 below CC-SS $169.65: 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 < $0.26/sh (~25% of the $1.03 collected) or spot ≥ $108.08 (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 $130.35 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.10 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $169.65, where you are whole again, by expiry) Starting unrealized P&L: $-32,660 + Fortress recovery (un-capped): +$32,639 − CC assignment net of premium (4 × $107): -$24,646 Total Position P&L @ SS: $-24,668 (+$7,992 vs today) Do-nothing baseline at SS: $-3,860 (this trade vs do-nothing: $-20,808, the opportunity cost of earning $1,766/mo FIGHT income now) BB-reversion stress (→ $137.27 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$11,696, position total $-25,950 (+$6,710 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 4 × $104 | 17 Jul | 7d | 9.0% | 78% | 32% | $592 | $2,537 | — | $25,666 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $104 9.0% OTM over spot $95.40 17 Jul 2026 (7d, $1.61 mid) = $592 credit for the 7d cycle → $2,537/mo projected Survival (stays ≤ $104) 78% Breach risk 22% POP (stays ≤ $105.61) 82% EV / mo +$622 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.5 mo [2.2-5.4] median · 34% of paths whole by 9 mo (vs 28% without) · ~11.4 challenges expected · median CC cash $5,798 🛡 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) 32% Flat exit net (mid-life) -$762 Free roll-up +$6/wk Safest escape (by 31 Jul 2026) $126 @ 86% POP 84% 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 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.79/sh now → $3.39 mid-life (likely $3.50–$5.54) → ≈ $0 at expiry | you banked $1.48/sh, so a flat mid-life exit nets -$1.91/sh | roll rows are incremental, the banked premium stays yours 📊 Across 966 simulated challenges: the $104 strike is typically first touched on day 4 of 7, at $107 (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 ⚠ $104 is $66 below CC-SS $169.65: 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 < $0.37/sh (~25% of the $1.48 collected) or spot ≥ $105.61 (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 $130.35 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.10 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $169.65, where you are whole again, by expiry) Starting unrealized P&L: $-32,660 + Fortress recovery (un-capped): +$32,639 − CC assignment net of premium (4 × $104): -$25,666 Total Position P&L @ SS: $-25,688 (+$6,972 vs today) Do-nothing baseline at SS: $-3,860 (this trade vs do-nothing: $-21,828, the opportunity cost of earning $2,537/mo FIGHT income now) BB-reversion stress (→ $137.27 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$12,716, position total $-26,970 (+$5,690 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 4 × $98.50 | 17 Jul | 7d | 3.2% | 63% | 77% | $1,132 | $4,851 | +$2,314 | $27,326 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $98.50 3.2% OTM over spot $95.40 17 Jul 2026 (7d, $3.02 mid) = $1,132 credit for the 7d cycle → $4,851/mo projected Survival (stays ≤ $98.50) 63% Breach risk 37% POP (stays ≤ $101.52) 72% EV / mo +$525 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.1 mo [2.7-6.3] median, 0.4 mo SLOWER than no FIGHT (3.7 mo): roll costs eat the credits at this rung · 37% of paths whole by 9 mo (vs 28% without) · ~25.2 challenges expected · median CC cash $8,977 🛡 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) 60% Flat exit net (mid-life) -$109 Free roll-up +$6/wk Safest escape (by 31 Jul 2026) $125 @ 91% POP 90% 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 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.39/sh now → $3.10 mid-life (likely $4.07–$5.75) → ≈ $0 at expiry | you banked $2.83/sh, so a flat mid-life exit nets -$0.27/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,811 simulated challenges: the $98 strike is typically first touched on day 3 of 7, at $101 (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 +0.5 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 ⚠ $98.50 is $71 below CC-SS $169.65: 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 < $0.71/sh (~25% of the $2.83 collected) or spot ≥ $101.52 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $98)); NOT the premium you collected. Momentum override: two daily closes above $130.35 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.10 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $169.65, where you are whole again, by expiry) Starting unrealized P&L: $-32,660 + Fortress recovery (un-capped): +$32,639 − CC assignment net of premium (4 × $98.50): -$27,326 Total Position P&L @ SS: $-27,348 (+$5,312 vs today) Do-nothing baseline at SS: $-3,860 (this trade vs do-nothing: $-23,488, the opportunity cost of earning $4,851/mo FIGHT income now) BB-reversion stress (→ $137.27 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$14,376, position total $-28,630 (+$4,030 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 40 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: 1.099 (IBKR) | Recovery@SS: +$32,639 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-3,860
| 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 | 7d | 17 Jul 2026 | $1.48 | 4/4 | $2,537 | $2,196 | 78% | 82% | +$622 | -$25,666 | 534.7% | $-25,688 (vs do-nothing $-21,828) |
| $103 | 7d | 17 Jul 2026 | $1.68 | 4/4 | $2,880 | $2,539 | 76% | 80% | +$645 | -$25,986 | 541.4% | $-26,008 (vs do-nothing $-22,148) |
| $102 | 7d | 17 Jul 2026 | $1.83 | 4/4 | $3,137 | $2,796 | 73% | 78% | +$536 | -$26,326 | 548.5% | $-26,348 (vs do-nothing $-22,488) |
| $104 | 14d | 24 Jul 2026 | $2.92 | 4/4 | $2,503 | $2,162 | 73% | 78% | +$490 | -$25,090 | 522.7% | $-25,112 (vs do-nothing $-21,252) |
| $103 | 14d | 24 Jul 2026 | $3.25 | 4/4 | $2,786 | $2,445 | 71% | 77% | +$551 | -$25,358 | 528.3% | $-25,380 (vs do-nothing $-21,520) |
| $101 | 7d | 17 Jul 2026 | $2.13 | 3/4 | $2,739 | $2,408 | 71% | 77% | +$473 | -$19,955 | 415.7% | $-20,936 (vs do-nothing $-17,076) |
| $104 | 21d | 31 Jul 2026 | $4.40 | 4/4 | $2,514 | $2,173 | 70% | 77% | +$434 | -$24,498 | 510.4% | $-24,520 (vs do-nothing $-20,660) |
| $102 | 14d | 24 Jul 2026 | $3.40 | 4/4 | $2,914 | $2,573 | 69% | 76% | +$438 | -$25,698 | 535.4% | $-25,720 (vs do-nothing $-21,860) |
| $103 | 21d | 31 Jul 2026 | $4.75 | 4/4 | $2,714 | $2,373 | 68% | 76% | +$467 | -$24,758 | 515.8% | $-24,780 (vs do-nothing $-20,920) |
| $100 | 7d | 17 Jul 2026 | $2.41 | 3/4 | $3,099 | $2,768 | 68% | 75% | +$476 | -$20,171 | 420.2% | $-21,152 (vs do-nothing $-17,292) |
| $101 | 14d | 24 Jul 2026 | $3.75 | 3/4 | $2,411 | $2,080 | 66% | 74% | +$357 | -$19,469 | 405.6% | $-20,450 (vs do-nothing $-16,590) |
| $102 | 21d | 31 Jul 2026 | $5.00 | 4/4 | $2,857 | $2,516 | 66% | 75% | +$431 | -$25,058 | 522.1% | $-25,080 (vs do-nothing $-21,220) |
| $101 | 21d | 31 Jul 2026 | $5.40 | 4/4 | $3,086 | $2,745 | 65% | 74% | +$469 | -$25,298 | 527.1% | $-25,320 (vs do-nothing $-21,460) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $99 | 7d | 17 Jul 2026 | $2.75 | 3/4 | $3,536 | $3,205 | 65% | 73% | +$511 | -$20,369 | 424.4% | $-21,350 (vs do-nothing $-17,490) |
| $100 | 14d | 24 Jul 2026 | $4.15 | 3/4 | $2,668 | $2,337 | 64% | 73% | +$401 | -$19,649 | 409.4% | $-20,630 (vs do-nothing $-16,770) |
| $98.50 | 7d | 17 Jul 2026 | $2.83 | 2/4 | $2,426 | $2,106 | 63% | 72% | +$263 | -$13,663 | 284.7% | $-15,604 (vs do-nothing $-11,744) |
| $100 | 21d | 31 Jul 2026 | $5.75 | 3/4 | $2,464 | $2,134 | 63% | 73% | +$349 | -$19,169 | 399.4% | $-20,150 (vs do-nothing $-16,290) |
| $99 | 14d | 24 Jul 2026 | $4.35 | 3/4 | $2,796 | $2,466 | 62% | 72% | +$300 | -$19,889 | 414.4% | $-20,870 (vs do-nothing $-17,010) |
| $98 | 7d | 17 Jul 2026 | $3.00 | 2/4 | $2,571 | $2,252 | 61% | 71% | +$254 | -$13,729 | 286.0% | $-15,670 (vs do-nothing $-11,810) |
| $99 | 21d | 31 Jul 2026 | $6.10 | 3/4 | $2,614 | $2,284 | 61% | 72% | +$337 | -$19,364 | 403.4% | $-20,345 (vs do-nothing $-16,485) |
| $98.50 | 14d | 24 Jul 2026 | $4.60 | 3/4 | $2,957 | $2,627 | 61% | 71% | +$340 | -$19,964 | 415.9% | $-20,945 (vs do-nothing $-17,085) |
| $98 | 14d | 24 Jul 2026 | $4.70 | 3/4 | $3,021 | $2,691 | 60% | 71% | +$279 | -$20,084 | 418.4% | $-21,065 (vs do-nothing $-17,205) |
| $97.50 | 7d | 17 Jul 2026 | $3.15 | 2/4 | $2,700 | $2,380 | 60% | 70% | +$219 | -$13,799 | 287.5% | $-15,740 (vs do-nothing $-11,880) |
| $98 | 21d | 31 Jul 2026 | $6.40 | 3/4 | $2,743 | $2,412 | 59% | 71% | +$397 | -$19,574 | 407.8% | $-20,555 (vs do-nothing $-16,695) |
| $97.50 | 14d | 24 Jul 2026 | $4.85 | 3/4 | $3,118 | $2,787 | 58% | 70% | +$245 | -$20,189 | 420.6% | $-21,170 (vs do-nothing $-17,310) |
| $97 | 7d | 17 Jul 2026 | $3.40 | 2/4 | $2,914 | $2,595 | 58% | 69% | +$261 | -$13,849 | 288.5% | $-15,790 (vs do-nothing $-11,930) |
| $97 | 21d | 31 Jul 2026 | $6.85 | 3/4 | $2,936 | $2,605 | 57% | 70% | +$304 | -$19,739 | 411.2% | $-20,720 (vs do-nothing $-16,860) |
| $97 | 14d | 24 Jul 2026 | $5.10 | 3/4 | $3,279 | $2,948 | 57% | 69% | +$272 | -$20,264 | 422.2% | $-21,245 (vs do-nothing $-17,385) |
| $96.50 | 7d | 17 Jul 2026 | $3.60 | 2/4 | $3,086 | $2,766 | 56% | 68% | +$252 | -$13,909 | 289.8% | $-15,850 (vs do-nothing $-11,990) |
| $96.50 | 14d | 24 Jul 2026 | $5.35 | 3/4 | $3,439 | $3,109 | 56% | 69% | +$293 | -$20,339 | 423.7% | $-21,320 (vs do-nothing $-17,460) |
| $96 | 21d | 31 Jul 2026 | $7.20 | 3/4 | $3,086 | $2,755 | 55% | 69% | +$261 | -$19,934 | 415.3% | $-20,915 (vs do-nothing $-17,055) |
| $96 | 14d | 24 Jul 2026 | $5.50 | 3/4 | $3,536 | $3,205 | 55% | 68% | +$246 | -$20,444 | 425.9% | $-21,425 (vs do-nothing $-17,565) |
| $96 | 7d | 17 Jul 2026 | $3.80 | 2/4 | $3,257 | $2,937 | 54% | 67% | +$234 | -$13,969 | 291.0% | $-15,910 (vs do-nothing $-12,050) |
| $95 | 21d | 31 Jul 2026 | $7.75 | 3/4 | $3,321 | $2,991 | 53% | 68% | +$294 | -$20,069 | 418.1% | $-21,050 (vs do-nothing $-17,190) |
| $95 | 14d | 24 Jul 2026 | $6.00 | 2/4 | $2,571 | $2,252 | 52% | 67% | +$177 | -$13,729 | 286.0% | $-15,670 (vs do-nothing $-11,810) |
| $94 | 21d | 31 Jul 2026 | $8.10 | 3/4 | $3,471 | $3,141 | 51% | 67% | +$229 | -$20,264 | 422.2% | $-21,245 (vs do-nothing $-17,385) |
| $95 | 7d | 17 Jul 2026 | $4.20 | 2/4 | $3,600 | $3,280 | 51% | 65% | +$170 | -$14,089 | 293.5% | $-16,030 (vs do-nothing $-12,170) |
| $94 | 14d | 24 Jul 2026 | $6.45 | 2/4 | $2,764 | $2,445 | 50% | 66% | +$157 | -$13,839 | 288.3% | $-15,780 (vs do-nothing $-11,920) |
| $94 | 7d | 17 Jul 2026 | $4.65 | 2/4 | $3,986 | $3,666 | 47% | 64% | +$112 | -$14,199 | 295.8% | $-16,140 (vs do-nothing $-12,280) |
| $93.50 | 7d | 17 Jul 2026 | $4.90 | 2/4 | $4,200 | $3,880 | 46% | 63% | +$90 | -$14,249 | 296.9% | $-16,190 (vs do-nothing $-12,330) |
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.