4 contracts (400 sh) | BE SS: $161.00 | CC-SS: $167.11 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $56,800 | (ND $12.00 + SW $130) x 400 |
| Normal income ref | $5,319/mo | 95% ann ROI on ML |
| Hedge rolling cost | $336/mo | |
| Unrealized P&L | $-31,262 | 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 × $105 | 79% | $2,829 | $727 |
| 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 × $123 | 17 Jul | 7d | 27.9% | 97% | 6% | $80 | $343 | -$2,486 | $17,563 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $123 27.9% OTM over spot $96.14 17 Jul 2026 (7d, $0.22 mid) = $80 credit for the 7d cycle → $343/mo projected Survival (stays ≤ $123) 97% Breach risk 3% POP (stays ≤ $123.22) 97% EV / mo +$226 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.7 mo [2.5-5.5] median · 33% of paths whole by 9 mo (vs 31% without) · ~1.1 challenges expected · median CC cash $-541 🛡 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) -$1,997 Free roll-up +$7/wk Safest escape (by 31 Jul 2026) $141 @ 80% POP 76% 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: $7.34/sh now → $5.19 mid-life (likely $3.34–$6.28) → ≈ $0 at expiry | you banked $0.20/sh, so a flat mid-life exit nets -$4.99/sh | roll rows are incremental, the banked premium stays yours 📊 Across 64 simulated challenges: the $123 strike is typically first touched on day 6 of 7, at $126 (overshoots $2.94). 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 ⚠ $123 is $44 below CC-SS $167.11: 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 ≥ $123.22 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $123)); NOT the premium you collected. Momentum override: two daily closes above $128.13 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.11 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.11, where you are whole again, by expiry) Starting unrealized P&L: $-31,262 + Fortress recovery (un-capped): +$31,451 − CC assignment net of premium (4 × $123): -$17,563 Total Position P&L @ SS: $-17,374 (+$13,888 vs today) Do-nothing baseline at SS: $-2,634 (this trade vs do-nothing: $-14,740, the opportunity cost of earning $343/mo FIGHT income now) BB-reversion stress (→ $137.48 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$5,712, position total $-18,654 (+$12,608 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 4 × $112 | 17 Jul | 7d | 16.5% | 90% | 20% | $264 | $1,131 | -$1,697 | $21,779 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $112 16.5% OTM over spot $96.14 17 Jul 2026 (7d, $0.73 mid) = $264 credit for the 7d cycle → $1,131/mo projected Survival (stays ≤ $112) 90% Breach risk 10% POP (stays ≤ $112.73) 91% EV / mo +$529 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.9 mo [2.3-5.9] median · 33% of paths whole by 9 mo (vs 28% without) · ~4.8 challenges expected · median CC cash $2,599 🛡 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) -$1,517 Free roll-up +$6/wk Safest escape (by 31 Jul 2026) $129 @ 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: $6.29/sh now → $4.45 mid-life (likely $4.02–$6.92) → ≈ $0 at expiry | you banked $0.66/sh, so a flat mid-life exit nets -$3.79/sh | roll rows are incremental, the banked premium stays yours 📊 Across 371 simulated challenges: the $112 strike is typically first touched on day 5 of 7, at $115 (overshoots $3.17). 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 ⚠ $112 is $55 below CC-SS $167.11: 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 ≥ $112.73 (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 $128.13 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.11 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.11, where you are whole again, by expiry) Starting unrealized P&L: $-31,262 + Fortress recovery (un-capped): +$31,451 − CC assignment net of premium (4 × $112): -$21,779 Total Position P&L @ SS: $-21,590 (+$9,672 vs today) Do-nothing baseline at SS: $-2,634 (this trade vs do-nothing: $-18,956, the opportunity cost of earning $1,131/mo FIGHT income now) BB-reversion stress (→ $137.48 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$9,928, position total $-22,870 (+$8,392 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 4 × $108 | 17 Jul | 7d | 12.3% | 85% | 31% | $452 | $1,937 | -$891 | $23,191 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $108 12.3% OTM over spot $96.14 17 Jul 2026 (7d, $1.19 mid) = $452 credit for the 7d cycle → $1,937/mo projected Survival (stays ≤ $108) 85% Breach risk 15% POP (stays ≤ $109.19) 87% EV / mo +$801 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.8 mo [2.4-6.0] median · 36% of paths whole by 9 mo (vs 29% without) · ~7.6 challenges expected · median CC cash $5,267 🛡 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) -$1,227 Free roll-up +$5/wk Safest escape (by 31 Jul 2026) $126 @ 83% POP 80% 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: $5.93/sh now → $4.20 mid-life (likely $4.07–$6.62) → ≈ $0 at expiry | you banked $1.13/sh, so a flat mid-life exit nets -$3.07/sh | roll rows are incremental, the banked premium stays yours 📊 Across 693 simulated challenges: the $108 strike is typically first touched on day 4 of 7, at $111 (overshoots $2.91). 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 ⚠ $108 is $59 below CC-SS $167.11: 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 < $0.28/sh (~25% of the $1.13 collected) or spot ≥ $109.19 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $108)); NOT the premium you collected. Momentum override: two daily closes above $128.13 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.11 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.11, where you are whole again, by expiry) Starting unrealized P&L: $-31,262 + Fortress recovery (un-capped): +$31,451 − CC assignment net of premium (4 × $108): -$23,191 Total Position P&L @ SS: $-23,002 (+$8,260 vs today) Do-nothing baseline at SS: $-2,634 (this trade vs do-nothing: $-20,368, the opportunity cost of earning $1,937/mo FIGHT income now) BB-reversion stress (→ $137.48 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$11,340, position total $-24,282 (+$6,980 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 4 × $105 | 17 Jul | 7d | 9.2% | 79% | 31% | $660 | $2,829 | — | $24,183 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $105 9.2% OTM over spot $96.14 17 Jul 2026 (7d, $1.72 mid) = $660 credit for the 7d cycle → $2,829/mo projected Survival (stays ≤ $105) 79% Breach risk 21% POP (stays ≤ $106.72) 83% EV / mo +$1,011 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.5 mo [2.1-5.4] median, 0.2 mo SLOWER than no FIGHT (3.4 mo): roll costs eat the credits at this rung · 41% of paths whole by 9 mo (vs 31% without) · ~10.5 challenges expected · median CC cash $6,979 🛡 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) 31% Flat exit net (mid-life) -$944 Free roll-up +$5/wk Safest escape (by 31 Jul 2026) $126 @ 86% POP 83% 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: $5.67/sh now → $4.01 mid-life (likely $4.21–$6.51) → ≈ $0 at expiry | you banked $1.65/sh, so a flat mid-life exit nets -$2.36/sh | roll rows are incremental, the banked premium stays yours 📊 Across 917 simulated challenges: the $105 strike is typically first touched on day 4 of 7, at $108 (overshoots $2.70). 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 ⚠ $105 is $62 below CC-SS $167.11: 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 < $0.41/sh (~25% of the $1.65 collected) or spot ≥ $106.72 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $105)); NOT the premium you collected. Momentum override: two daily closes above $128.13 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.11 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.11, where you are whole again, by expiry) Starting unrealized P&L: $-31,262 + Fortress recovery (un-capped): +$31,451 − CC assignment net of premium (4 × $105): -$24,183 Total Position P&L @ SS: $-23,994 (+$7,268 vs today) Do-nothing baseline at SS: $-2,634 (this trade vs do-nothing: $-21,360, the opportunity cost of earning $2,829/mo FIGHT income now) BB-reversion stress (→ $137.48 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$12,332, position total $-25,274 (+$5,988 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 4 × $99 | 17 Jul | 7d | 3.0% | 62% | 79% | $1,280 | $5,486 | +$2,657 | $25,963 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $99 3.0% OTM over spot $96.14 17 Jul 2026 (7d, $3.42 mid) = $1,280 credit for the 7d cycle → $5,486/mo projected Survival (stays ≤ $99) 62% Breach risk 38% POP (stays ≤ $102.42) 73% EV / mo +$1,017 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.7 mo [2.3-5.8] median, 0.2 mo faster than no FIGHT (3.9 mo) · 41% of paths whole by 9 mo (vs 31% without) · ~25.2 challenges expected · median CC cash $9,939 🛡 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) 62% Flat exit net (mid-life) -$180 Free roll-up +$5/wk Safest escape (by 31 Jul 2026) $125 @ 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 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.16/sh now → $3.65 mid-life (likely $4.73–$6.80) → ≈ $0 at expiry | you banked $3.20/sh, so a flat mid-life exit nets -$0.45/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,859 simulated challenges: the $99 strike is typically first touched on day 2 of 7, at $102 (overshoots $2.60). 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 ⚠ $99 is $68 below CC-SS $167.11: 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 < $0.80/sh (~25% of the $3.20 collected) or spot ≥ $102.42 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $99)); NOT the premium you collected. Momentum override: two daily closes above $128.13 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.11 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.11, where you are whole again, by expiry) Starting unrealized P&L: $-31,262 + Fortress recovery (un-capped): +$31,451 − CC assignment net of premium (4 × $99): -$25,963 Total Position P&L @ SS: $-25,774 (+$5,488 vs today) Do-nothing baseline at SS: $-2,634 (this trade vs do-nothing: $-23,140, the opportunity cost of earning $5,486/mo FIGHT income now) BB-reversion stress (→ $137.48 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$14,112, position total $-27,054 (+$4,208 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: 1.108 (IBKR) | Recovery@SS: +$31,451 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-2,634
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $105 | 7d | 17 Jul 2026 | $1.65 | 4/4 | $2,829 | $2,493 | 79% | 83% | +$1,011 | -$24,183 | 503.8% | $-23,994 (vs do-nothing $-21,360) |
| $104 | 7d | 17 Jul 2026 | $1.87 | 4/4 | $3,206 | $2,870 | 77% | 81% | +$1,085 | -$24,495 | 510.3% | $-24,306 (vs do-nothing $-21,672) |
| $103 | 7d | 17 Jul 2026 | $2.11 | 3/4 | $2,713 | $2,388 | 74% | 80% | +$861 | -$18,600 | 387.5% | $-19,116 (vs do-nothing $-16,482) |
| $102 | 7d | 17 Jul 2026 | $2.40 | 3/4 | $3,086 | $2,760 | 71% | 78% | +$935 | -$18,813 | 391.9% | $-19,329 (vs do-nothing $-16,695) |
| $104 | 14d | 24 Jul 2026 | $3.35 | 4/4 | $2,871 | $2,535 | 71% | 78% | +$733 | -$23,903 | 498.0% | $-23,714 (vs do-nothing $-21,080) |
| $105 | 21d | 31 Jul 2026 | $4.75 | 4/4 | $2,714 | $2,378 | 70% | 77% | +$627 | -$22,943 | 478.0% | $-22,754 (vs do-nothing $-20,120) |
| $103 | 14d | 24 Jul 2026 | $3.65 | 4/4 | $3,129 | $2,793 | 69% | 77% | +$756 | -$24,183 | 503.8% | $-23,994 (vs do-nothing $-21,360) |
| $101 | 7d | 17 Jul 2026 | $2.71 | 3/4 | $3,484 | $3,159 | 68% | 76% | +$992 | -$19,020 | 396.2% | $-19,536 (vs do-nothing $-16,902) |
| $104 | 21d | 31 Jul 2026 | $5.05 | 4/4 | $2,886 | $2,550 | 68% | 76% | +$632 | -$23,223 | 483.8% | $-23,034 (vs do-nothing $-20,400) |
| $102 | 14d | 24 Jul 2026 | $3.90 | 4/4 | $3,343 | $3,007 | 67% | 76% | +$713 | -$24,483 | 510.1% | $-24,294 (vs do-nothing $-21,660) |
| $103 | 21d | 31 Jul 2026 | $5.20 | 4/4 | $2,971 | $2,635 | 67% | 75% | +$540 | -$23,563 | 490.9% | $-23,374 (vs do-nothing $-20,740) |
| $100 | 7d | 17 Jul 2026 | $3.05 | 3/4 | $3,921 | $3,596 | 65% | 75% | +$1,015 | -$19,218 | 400.4% | $-19,734 (vs do-nothing $-17,100) |
| $102 | 21d | 31 Jul 2026 | $5.65 | 4/4 | $3,229 | $2,893 | 65% | 74% | +$607 | -$23,783 | 495.5% | $-23,594 (vs do-nothing $-20,960) |
| 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 | 14d | 24 Jul 2026 | $4.25 | 3/4 | $2,732 | $2,407 | 65% | 74% | +$550 | -$18,558 | 386.6% | $-19,074 (vs do-nothing $-16,440) |
| $101 | 21d | 31 Jul 2026 | $6.05 | 4/4 | $3,457 | $3,121 | 63% | 73% | +$633 | -$24,023 | 500.5% | $-23,834 (vs do-nothing $-21,200) |
| $100 | 14d | 24 Jul 2026 | $4.75 | 3/4 | $3,054 | $2,728 | 63% | 73% | +$644 | -$18,708 | 389.7% | $-19,224 (vs do-nothing $-16,590) |
| $99 | 7d | 17 Jul 2026 | $3.20 | 2/4 | $2,743 | $2,428 | 62% | 73% | +$508 | -$12,982 | 270.5% | $-14,204 (vs do-nothing $-11,570) |
| $100 | 21d | 31 Jul 2026 | $6.60 | 3/4 | $2,829 | $2,503 | 61% | 73% | +$550 | -$18,153 | 378.2% | $-18,669 (vs do-nothing $-16,035) |
| $98.50 | 7d | 17 Jul 2026 | $3.35 | 2/4 | $2,871 | $2,557 | 60% | 72% | +$476 | -$13,052 | 271.9% | $-14,274 (vs do-nothing $-11,640) |
| $99 | 14d | 24 Jul 2026 | $4.95 | 3/4 | $3,182 | $2,857 | 60% | 72% | +$526 | -$18,948 | 394.7% | $-19,464 (vs do-nothing $-16,830) |
| $99 | 21d | 31 Jul 2026 | $6.80 | 3/4 | $2,914 | $2,589 | 60% | 72% | +$464 | -$18,393 | 383.2% | $-18,909 (vs do-nothing $-16,275) |
| $98.50 | 14d | 24 Jul 2026 | $5.15 | 3/4 | $3,311 | $2,985 | 59% | 71% | +$524 | -$19,038 | 396.6% | $-19,554 (vs do-nothing $-16,920) |
| $98 | 7d | 17 Jul 2026 | $3.90 | 2/4 | $3,343 | $3,028 | 59% | 71% | +$805 | -$13,042 | 271.7% | $-14,264 (vs do-nothing $-11,630) |
| $98 | 14d | 24 Jul 2026 | $5.40 | 3/4 | $3,471 | $3,146 | 58% | 71% | +$549 | -$19,113 | 398.2% | $-19,629 (vs do-nothing $-16,995) |
| $98 | 21d | 31 Jul 2026 | $7.25 | 3/4 | $3,107 | $2,782 | 58% | 71% | +$476 | -$18,558 | 386.6% | $-19,074 (vs do-nothing $-16,440) |
| $97.50 | 7d | 17 Jul 2026 | $3.75 | 2/4 | $3,214 | $2,900 | 57% | 70% | +$500 | -$13,172 | 274.4% | $-14,394 (vs do-nothing $-11,760) |
| $97.50 | 14d | 24 Jul 2026 | $5.65 | 3/4 | $3,632 | $3,307 | 57% | 70% | +$569 | -$19,188 | 399.7% | $-19,704 (vs do-nothing $-17,070) |
| $97 | 21d | 31 Jul 2026 | $7.70 | 3/4 | $3,300 | $2,975 | 56% | 70% | +$478 | -$18,723 | 390.1% | $-19,239 (vs do-nothing $-16,605) |
| $97 | 14d | 24 Jul 2026 | $5.85 | 3/4 | $3,761 | $3,435 | 55% | 70% | +$552 | -$19,278 | 401.6% | $-19,794 (vs do-nothing $-17,160) |
| $97 | 7d | 17 Jul 2026 | $4.25 | 2/4 | $3,643 | $3,328 | 55% | 70% | +$742 | -$13,172 | 274.4% | $-14,394 (vs do-nothing $-11,760) |
| $96.50 | 14d | 24 Jul 2026 | $6.15 | 3/4 | $3,954 | $3,628 | 54% | 69% | +$594 | -$19,338 | 402.9% | $-19,854 (vs do-nothing $-17,220) |
| $96 | 21d | 31 Jul 2026 | $8.20 | 3/4 | $3,514 | $3,189 | 54% | 69% | +$491 | -$18,873 | 393.2% | $-19,389 (vs do-nothing $-16,755) |
| $96.50 | 7d | 17 Jul 2026 | $4.30 | 2/4 | $3,686 | $3,371 | 54% | 69% | +$563 | -$13,262 | 276.3% | $-14,484 (vs do-nothing $-11,850) |
| $96 | 14d | 24 Jul 2026 | $6.35 | 2/4 | $2,721 | $2,407 | 53% | 68% | +$378 | -$12,952 | 269.8% | $-14,174 (vs do-nothing $-11,540) |
| $95 | 21d | 31 Jul 2026 | $8.70 | 3/4 | $3,729 | $3,403 | 52% | 68% | +$493 | -$19,023 | 396.3% | $-19,539 (vs do-nothing $-16,905) |
| $96 | 7d | 17 Jul 2026 | $4.75 | 2/4 | $4,071 | $3,757 | 52% | 68% | +$744 | -$13,272 | 276.5% | $-14,494 (vs do-nothing $-11,860) |
| $95 | 14d | 24 Jul 2026 | $6.85 | 2/4 | $2,936 | $2,621 | 50% | 67% | +$374 | -$13,052 | 271.9% | $-14,274 (vs do-nothing $-11,640) |
| $95 | 7d | 17 Jul 2026 | $5.20 | 2/4 | $4,457 | $4,143 | 48% | 67% | +$695 | -$13,382 | 278.8% | $-14,604 (vs do-nothing $-11,970) |
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.