4 contracts (400 sh) | BE SS: $161.00 | CC-SS: $167.33 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $56,800 | (ND $12.00 + SW $130) x 400 |
| Normal income ref | $6,080/mo | 95% ann ROI on ML |
| Hedge rolling cost | $292/mo | |
| Unrealized P&L | $-31,656 | 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 🏆 | 24 Jul 2026 · 8d | 4 × $106 | 80% | $3,045 | $606 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▸ | cover hedge | 4 × $127 | 24 Jul | 8d | 32.1% | 98% | 4% | $84 | $315 | -$2,730 | $16,050 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $127 32.1% OTM over spot $96.15 24 Jul 2026 (8d, $0.29 mid) = $84 credit for the 8d cycle → $315/mo projected Survival (stays ≤ $127) 98% Breach risk 2% POP (stays ≤ $127.30) 98% EV / mo +$249 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 2.7 mo [1.6-5.0] median, 0.2 mo faster than no FIGHT (2.9 mo) · 34% of paths whole by 9 mo (vs 33% without) · ~0.7 challenges expected · median CC cash $-361 🛡 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) 1% Flat exit net (mid-life) -$2,591 Free roll-up +$9/wk Safest escape (by 7 Aug 2026) $141 @ 79% POP 71% 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: $9.45/sh now → $6.69 mid-life → ≈ $0 at expiry | you banked $0.21/sh, so a flat mid-life exit nets -$6.48/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 ⚠ $127 is $40 below CC-SS $167.33: 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 $0.21 collected) or spot ≥ $127.30 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $127)); NOT the premium you collected. Momentum override: two daily closes above $113.81 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.12 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.33, where you are whole again, by expiry) Starting unrealized P&L: $-31,656 + Fortress recovery (un-capped): +$31,976 − CC assignment net of premium (4 × $127): -$16,050 Total Position P&L @ SS: $-15,730 (+$15,926 vs today) Do-nothing baseline at SS: $-4,582 (this trade vs do-nothing: $-11,148, the opportunity cost of earning $315/mo FIGHT income now) BB-reversion stress (→ $135.71 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$3,400, position total $-17,286 (+$14,370 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 4 × $113 | 24 Jul | 8d | 17.5% | 91% | 19% | $352 | $1,320 | -$1,725 | $21,382 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $113 17.5% OTM over spot $96.15 24 Jul 2026 (8d, $1.00 mid) = $352 credit for the 8d cycle → $1,320/mo projected Survival (stays ≤ $113) 91% Breach risk 9% POP (stays ≤ $114.00) 92% EV / mo +$813 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.9 mo [2.2-5.7] median · 35% of paths whole by 9 mo (vs 31% without) · ~3.9 challenges expected · median CC cash $3,879 🛡 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) -$1,855 Free roll-up +$6/wk Safest escape (by 7 Aug 2026) $126 @ 79% POP 73% 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: $7.80/sh now → $5.52 mid-life (likely $4.53–$7.95) → ≈ $0 at expiry | you banked $0.88/sh, so a flat mid-life exit nets -$4.64/sh | roll rows are incremental, the banked premium stays yours 📊 Across 363 simulated challenges: the $113 strike is typically first touched on day 6 of 8, at $116 (overshoots $2.93). 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 ⚠ $113 is $54 below CC-SS $167.33: 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 < $0.22/sh (~25% of the $0.88 collected) or spot ≥ $114.00 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $113)); NOT the premium you collected. Momentum override: two daily closes above $113.81 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.12 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.33, where you are whole again, by expiry) Starting unrealized P&L: $-31,656 + Fortress recovery (un-capped): +$31,976 − CC assignment net of premium (4 × $113): -$21,382 Total Position P&L @ SS: $-21,062 (+$10,594 vs today) Do-nothing baseline at SS: $-4,582 (this trade vs do-nothing: $-16,480, the opportunity cost of earning $1,320/mo FIGHT income now) BB-reversion stress (→ $135.71 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$8,732, position total $-22,618 (+$9,038 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 4 × $109 | 24 Jul | 8d | 13.4% | 86% | 30% | $572 | $2,145 | -$900 | $22,762 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $109 13.4% OTM over spot $96.15 24 Jul 2026 (8d, $1.56 mid) = $572 credit for the 8d cycle → $2,145/mo projected Survival (stays ≤ $109) 86% Breach risk 14% POP (stays ≤ $110.56) 88% EV / mo +$1,192 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.8 mo [2.4-6.1] median · 37% of paths whole by 9 mo (vs 30% without) · ~6.2 challenges expected · median CC cash $6,577 🛡 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) 22% Flat exit net (mid-life) -$1,509 Free roll-up +$6/wk Safest escape (by 7 Aug 2026) $123 @ 81% POP 75% 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: $7.35/sh now → $5.20 mid-life (likely $4.77–$7.86) → ≈ $0 at expiry | you banked $1.43/sh, so a flat mid-life exit nets -$3.77/sh | roll rows are incremental, the banked premium stays yours 📊 Across 664 simulated challenges: the $109 strike is typically first touched on day 5 of 8, at $112 (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 ⚠ $109 is $58 below CC-SS $167.33: 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 < $0.36/sh (~25% of the $1.43 collected) or spot ≥ $110.56 (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 $113.81 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.12 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.33, where you are whole again, by expiry) Starting unrealized P&L: $-31,656 + Fortress recovery (un-capped): +$31,976 − CC assignment net of premium (4 × $109): -$22,762 Total Position P&L @ SS: $-22,442 (+$9,214 vs today) Do-nothing baseline at SS: $-4,582 (this trade vs do-nothing: $-17,860, the opportunity cost of earning $2,145/mo FIGHT income now) BB-reversion stress (→ $135.71 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$10,112, position total $-23,998 (+$7,658 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 4 × $106 | 24 Jul | 8d | 10.2% | 80% | 33% | $812 | $3,045 | — | $23,722 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $106 10.2% OTM over spot $96.15 24 Jul 2026 (8d, $2.15 mid) = $812 credit for the 8d cycle → $3,045/mo projected Survival (stays ≤ $106) 80% Breach risk 20% POP (stays ≤ $108.15) 84% EV / mo +$1,522 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.7 mo [2.2-6.1] median, 0.3 mo SLOWER than no FIGHT (3.4 mo): roll costs eat the credits at this rung · 38% of paths whole by 9 mo (vs 30% without) · ~9.0 challenges expected · median CC cash $8,871 🛡 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) 33% Flat exit net (mid-life) -$1,177 Free roll-up +$6/wk Safest escape (by 7 Aug 2026) $125 @ 85% 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 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $7.03/sh now → $4.97 mid-life (likely $5.25–$8.03) → ≈ $0 at expiry | you banked $2.03/sh, so a flat mid-life exit nets -$2.94/sh | roll rows are incremental, the banked premium stays yours 📊 Across 981 simulated challenges: the $106 strike is typically first touched on day 4 of 8, at $109 (overshoots $2.77). 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 ⚠ $106 is $61 below CC-SS $167.33: 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 < $0.51/sh (~25% of the $2.03 collected) or spot ≥ $108.15 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $106)); NOT the premium you collected. Momentum override: two daily closes above $113.81 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.12 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.33, where you are whole again, by expiry) Starting unrealized P&L: $-31,656 + Fortress recovery (un-capped): +$31,976 − CC assignment net of premium (4 × $106): -$23,722 Total Position P&L @ SS: $-23,402 (+$8,254 vs today) Do-nothing baseline at SS: $-4,582 (this trade vs do-nothing: $-18,820, the opportunity cost of earning $3,045/mo FIGHT income now) BB-reversion stress (→ $135.71 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$11,072, position total $-24,958 (+$6,698 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 4 × $99 | 24 Jul | 8d | 3.0% | 62% | 80% | $1,680 | $6,300 | +$3,255 | $25,654 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $99 3.0% OTM over spot $96.15 24 Jul 2026 (8d, $4.38 mid) = $1,680 credit for the 8d cycle → $6,300/mo projected Survival (stays ≤ $99) 62% Breach risk 38% POP (stays ≤ $103.38) 74% EV / mo +$2,086 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.9 mo [2.4-5.3] median, 0.1 mo faster than no FIGHT (3.9 mo) · 37% of paths whole by 9 mo (vs 30% without) · ~23.4 challenges expected · median CC cash $12,496 🛡 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) 64% Flat exit net (mid-life) -$102 Free roll-up +$5/wk Safest escape (by 31 Jul 2026) $119 @ 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: $6.30/sh now → $4.45 mid-life (likely $5.90–$8.30) → ≈ $0 at expiry | you banked $4.20/sh, so a flat mid-life exit nets -$0.25/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,906 simulated challenges: the $99 strike is typically first touched on day 3 of 8, at $102 (overshoots $2.68). 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 $167.33: 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 < $1.05/sh (~25% of the $4.20 collected) or spot ≥ $103.38 (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 $113.81 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.12 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $167.33, where you are whole again, by expiry) Starting unrealized P&L: $-31,656 + Fortress recovery (un-capped): +$31,976 − CC assignment net of premium (4 × $99): -$25,654 Total Position P&L @ SS: $-25,334 (+$6,322 vs today) Do-nothing baseline at SS: $-4,582 (this trade vs do-nothing: $-20,752, the opportunity cost of earning $6,300/mo FIGHT income now) BB-reversion stress (→ $135.71 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$13,004, position total $-26,890 (+$4,766 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 39 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: 1.123 (IBKR) | Recovery@SS: +$31,976 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-4,582
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $106 | 8d | 24 Jul 2026 | $2.03 | 4/4 | $3,045 | $2,752 | 80% | 84% | +$1,522 | -$23,722 | 494.2% | $-23,402 (vs do-nothing $-18,820) |
| $105 | 8d | 24 Jul 2026 | $2.28 | 4/4 | $3,420 | $3,127 | 78% | 83% | +$1,644 | -$24,022 | 500.5% | $-23,702 (vs do-nothing $-19,120) |
| $104 | 8d | 24 Jul 2026 | $2.55 | 4/4 | $3,825 | $3,532 | 76% | 82% | +$1,759 | -$24,314 | 506.5% | $-23,994 (vs do-nothing $-19,412) |
| $103 | 8d | 24 Jul 2026 | $2.77 | 3/4 | $3,116 | $2,840 | 73% | 80% | +$1,318 | -$18,469 | 384.8% | $-19,375 (vs do-nothing $-14,793) |
| $105 | 15d | 31 Jul 2026 | $4.25 | 4/4 | $3,400 | $3,108 | 72% | 79% | +$1,306 | -$23,234 | 484.0% | $-22,914 (vs do-nothing $-18,332) |
| $102 | 8d | 24 Jul 2026 | $3.05 | 3/4 | $3,431 | $3,155 | 71% | 79% | +$1,351 | -$18,685 | 389.3% | $-19,591 (vs do-nothing $-15,009) |
| $104 | 15d | 31 Jul 2026 | $4.35 | 4/4 | $3,480 | $3,187 | 70% | 78% | +$1,175 | -$23,594 | 491.5% | $-23,274 (vs do-nothing $-18,692) |
| $103 | 15d | 31 Jul 2026 | $4.65 | 4/4 | $3,720 | $3,428 | 68% | 77% | +$1,185 | -$23,874 | 497.4% | $-23,554 (vs do-nothing $-18,972) |
| $104 | 22d | 7 Aug 2026 | $5.90 | 4/4 | $3,218 | $2,926 | 68% | 77% | +$1,040 | -$22,974 | 478.6% | $-22,654 (vs do-nothing $-18,072) |
| $101 | 8d | 24 Jul 2026 | $3.45 | 3/4 | $3,881 | $3,605 | 68% | 77% | +$1,481 | -$18,865 | 393.0% | $-19,771 (vs do-nothing $-15,189) |
| $103 | 22d | 7 Aug 2026 | $6.25 | 4/4 | $3,409 | $3,117 | 67% | 76% | +$1,060 | -$23,234 | 484.0% | $-22,914 (vs do-nothing $-18,332) |
| $102 | 15d | 31 Jul 2026 | $5.00 | 4/4 | $4,000 | $3,708 | 66% | 76% | +$1,217 | -$24,134 | 502.8% | $-23,814 (vs do-nothing $-19,232) |
| $102 | 22d | 7 Aug 2026 | $6.65 | 4/4 | $3,627 | $3,335 | 65% | 75% | +$1,096 | -$23,474 | 489.0% | $-23,154 (vs do-nothing $-18,572) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $100 | 8d | 24 Jul 2026 | $3.90 | 3/4 | $4,388 | $4,111 | 65% | 76% | +$1,628 | -$19,030 | 396.5% | $-19,936 (vs do-nothing $-15,354) |
| $101 | 15d | 31 Jul 2026 | $5.40 | 3/4 | $3,240 | $2,964 | 64% | 75% | +$951 | -$18,280 | 380.8% | $-19,186 (vs do-nothing $-14,604) |
| $101 | 22d | 7 Aug 2026 | $6.80 | 4/4 | $3,709 | $3,417 | 63% | 75% | +$984 | -$23,814 | 496.1% | $-23,494 (vs do-nothing $-18,912) |
| $100 | 15d | 31 Jul 2026 | $5.90 | 3/4 | $3,540 | $3,264 | 62% | 74% | +$1,034 | -$18,430 | 384.0% | $-19,336 (vs do-nothing $-14,754) |
| $99 | 8d | 24 Jul 2026 | $4.20 | 2/4 | $3,150 | $2,890 | 62% | 74% | +$1,043 | -$12,827 | 267.2% | $-14,958 (vs do-nothing $-10,376) |
| $100 | 22d | 7 Aug 2026 | $7.45 | 3/4 | $3,048 | $2,771 | 61% | 74% | +$850 | -$17,965 | 374.3% | $-18,871 (vs do-nothing $-14,289) |
| $98.50 | 8d | 24 Jul 2026 | $4.50 | 2/4 | $3,375 | $3,114 | 60% | 74% | +$1,124 | -$12,867 | 268.1% | $-14,998 (vs do-nothing $-10,416) |
| $99 | 15d | 31 Jul 2026 | $6.25 | 3/4 | $3,750 | $3,474 | 60% | 73% | +$1,011 | -$18,625 | 388.0% | $-19,531 (vs do-nothing $-14,949) |
| $99 | 22d | 7 Aug 2026 | $7.65 | 3/4 | $3,130 | $2,853 | 60% | 73% | +$770 | -$18,205 | 379.3% | $-19,111 (vs do-nothing $-14,529) |
| $98.50 | 15d | 31 Jul 2026 | $6.50 | 3/4 | $3,900 | $3,624 | 59% | 73% | +$1,038 | -$18,700 | 389.6% | $-19,606 (vs do-nothing $-15,024) |
| $98 | 8d | 24 Jul 2026 | $4.75 | 2/4 | $3,562 | $3,302 | 59% | 73% | +$1,159 | -$12,917 | 269.1% | $-15,048 (vs do-nothing $-10,466) |
| $98 | 22d | 7 Aug 2026 | $8.10 | 3/4 | $3,314 | $3,037 | 58% | 72% | +$782 | -$18,370 | 382.7% | $-19,276 (vs do-nothing $-14,694) |
| $98 | 15d | 31 Jul 2026 | $6.75 | 3/4 | $4,050 | $3,774 | 58% | 72% | +$1,061 | -$18,775 | 391.2% | $-19,681 (vs do-nothing $-15,099) |
| $97.50 | 8d | 24 Jul 2026 | $4.95 | 2/4 | $3,712 | $3,452 | 57% | 72% | +$1,149 | -$12,977 | 270.4% | $-15,108 (vs do-nothing $-10,526) |
| $97.50 | 15d | 31 Jul 2026 | $7.00 | 3/4 | $4,200 | $3,924 | 57% | 72% | +$1,079 | -$18,850 | 392.7% | $-19,756 (vs do-nothing $-15,174) |
| $97 | 22d | 7 Aug 2026 | $8.75 | 3/4 | $3,580 | $3,303 | 56% | 71% | +$867 | -$18,475 | 384.9% | $-19,381 (vs do-nothing $-14,799) |
| $97 | 15d | 31 Jul 2026 | $7.25 | 3/4 | $4,350 | $4,074 | 56% | 71% | +$1,093 | -$18,925 | 394.3% | $-19,831 (vs do-nothing $-15,249) |
| $97 | 8d | 24 Jul 2026 | $5.15 | 2/4 | $3,862 | $3,602 | 55% | 72% | +$1,132 | -$13,037 | 271.6% | $-15,168 (vs do-nothing $-10,586) |
| $96.50 | 15d | 31 Jul 2026 | $7.50 | 3/4 | $4,500 | $4,224 | 54% | 71% | +$1,103 | -$19,000 | 395.8% | $-19,906 (vs do-nothing $-15,324) |
| $96 | 22d | 7 Aug 2026 | $9.30 | 3/4 | $3,805 | $3,528 | 54% | 71% | +$901 | -$18,610 | 387.7% | $-19,516 (vs do-nothing $-14,934) |
| $96.50 | 8d | 24 Jul 2026 | $5.40 | 2/4 | $4,050 | $3,790 | 54% | 71% | +$1,144 | -$13,087 | 272.6% | $-15,218 (vs do-nothing $-10,636) |
| $96 | 15d | 31 Jul 2026 | $7.75 | 2/4 | $3,100 | $2,840 | 53% | 70% | +$739 | -$12,717 | 264.9% | $-14,848 (vs do-nothing $-10,266) |
| $95 | 22d | 7 Aug 2026 | $9.50 | 3/4 | $3,886 | $3,610 | 52% | 70% | +$783 | -$18,850 | 392.7% | $-19,756 (vs do-nothing $-15,174) |
| $96 | 8d | 24 Jul 2026 | $5.70 | 2/4 | $4,275 | $4,014 | 52% | 70% | +$1,186 | -$13,127 | 273.5% | $-15,258 (vs do-nothing $-10,676) |
| $95 | 15d | 31 Jul 2026 | $8.20 | 2/4 | $3,280 | $3,019 | 51% | 69% | +$718 | -$12,827 | 267.2% | $-14,958 (vs do-nothing $-10,376) |
| $95 | 8d | 24 Jul 2026 | $6.25 | 2/4 | $4,688 | $4,427 | 49% | 69% | +$1,209 | -$13,217 | 275.4% | $-15,348 (vs do-nothing $-10,766) |
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.