5 contracts (500 sh) | BE SS: $1028.60 | CC-SS: $1044.94 | IV: HIGH | Accounts: Main:1299
| Max Loss | $419,300 | (ND $148.60 + SW $690) x 500 |
| Normal income ref | $81,369/mo | 95% ann ROI on ML |
| Hedge rolling cost | $634/mo | |
| Unrealized P&L | $-55,685 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 5 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 | 5 × $1065 | 81% | $42,094 | $11,792 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 1 × $1270 | 17 Jul | 8d | 34.1% | 97% | 6% | $315 | $1,181 | -$40,912 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $1270 34.1% OTM over spot $947.23 17 Jul 2026 (8d, $3.45 mid) = $315 credit for the 8d cycle → $1,181/mo projected Survival (stays ≤ $1270) 97% Breach risk 3% POP (stays ≤ $1273.45) 97% EV / mo +$833 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.3 mo [0.1-0.9] median · 92% of paths whole by 9 mo (vs 96% without) · ~0.1 challenges expected · median CC cash $12,213 🛡 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) -$5,739 Free roll-up none Safest escape (by 24 Jul 2026) $1,318 @ 72% POP 62% survival Roll menuyour doors if the call gets challenged; each row = buy back the 1 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: $85.57/sh now → $60.54 mid-life (likely $45.39–$73.84) → ≈ $0 at expiry | you banked $3.15/sh, so a flat mid-life exit nets -$57.39/sh | roll rows are incremental, the banked premium stays yours 📊 Across 121 simulated challenges: the $1,270 strike is typically first touched on day 6 of 8, at $1,307 (overshoots $37.30). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ✓ $1270 is at/above CC-SS $1044.94: assignment is break-even or better.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.79/sh (~25% of the $3.15 collected) or spot ≥ $1,273.45 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,270)); NOT the premium you collected. Momentum override: two daily closes above $1,228.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $1044.94, where you are whole again, by expiry) Starting unrealized P&L: $-55,685 + Fortress recovery (un-capped): +$50,905 − CC assignment net of premium (1 × $1270): -$0 + Conservative CC premium (4 × $1030): +$7,345 Total Position P&L @ SS: $2,565 (+$58,250 vs today) Do-nothing baseline at SS: $4,402 (this trade vs do-nothing: $-1,836, the opportunity cost of earning $1,181/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 5 × $1150 | 17 Jul | 8d | 21.4% | 90% | 20% | $5,025 | $18,844 | -$23,250 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $1150 21.4% OTM over spot $947.23 17 Jul 2026 (8d, $10.48 mid) = $5,025 credit for the 8d cycle → $18,844/mo projected Survival (stays ≤ $1150) 90% Breach risk 10% POP (stays ≤ $1160.47) 91% EV / mo +$10,151 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.3 mo [0.1-0.8] median · 86% of paths whole by 9 mo (vs 96% without) · ~0.7 challenges expected · median CC cash $4,856 🛡 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) -$22,385 Free roll-up none Safest escape (by 24 Jul 2026) $1,223 @ 75% POP 68% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 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: $77.49/sh now → $54.82 mid-life (likely $45.50–$84.43) → ≈ $0 at expiry | you banked $10.05/sh, so a flat mid-life exit nets -$44.77/sh | roll rows are incremental, the banked premium stays yours 📊 Across 410 simulated challenges: the $1,150 strike is typically first touched on day 5 of 8, at $1,187 (overshoots $37.23). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ✓ $1150 is at/above CC-SS $1044.94: assignment is break-even or better.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $2.51/sh (~25% of the $10.05 collected) or spot ≥ $1,160.47 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,150)); NOT the premium you collected. Momentum override: two daily closes above $1,228.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $1044.94, where you are whole again, by expiry) Starting unrealized P&L: $-55,685 + Fortress recovery (un-capped): +$50,905 − CC assignment net of premium (5 × $1150): -$0 Total Position P&L @ SS: $-4,780 (+$50,905 vs today) Do-nothing baseline at SS: $4,402 (this trade vs do-nothing: $-9,182, the opportunity cost of earning $18,844/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 5 × $1110 | 17 Jul | 8d | 17.2% | 86% | 29% | $7,375 | $27,656 | -$14,438 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $1110 17.2% OTM over spot $947.23 17 Jul 2026 (8d, $15.18 mid) = $7,375 credit for the 8d cycle → $27,656/mo projected Survival (stays ≤ $1110) 86% Breach risk 14% POP (stays ≤ $1125.17) 88% EV / mo +$12,966 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.4 mo [0.2-1.0] median · 88% of paths whole by 9 mo (vs 98% without) · ~1.3 challenges expected · median CC cash $13,606 🛡 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) -$19,082 Free roll-up +$6/wk Safest escape (by 24 Jul 2026) $1,203 @ 77% POP 71% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 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: $74.79/sh now → $52.91 mid-life (likely $49.66–$82.31) → ≈ $0 at expiry | you banked $14.75/sh, so a flat mid-life exit nets -$38.16/sh | roll rows are incremental, the banked premium stays yours 📊 Across 646 simulated challenges: the $1,110 strike is typically first touched on day 5 of 8, at $1,147 (overshoots $37.16). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ✓ $1110 is at/above CC-SS $1044.94: assignment is break-even or better.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $3.69/sh (~25% of the $14.75 collected) or spot ≥ $1,125.17 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,110)); NOT the premium you collected. Momentum override: two daily closes above $1,228.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $1044.94, where you are whole again, by expiry) Starting unrealized P&L: $-55,685 + Fortress recovery (un-capped): +$50,905 − CC assignment net of premium (5 × $1110): -$0 Total Position P&L @ SS: $-4,780 (+$50,905 vs today) Do-nothing baseline at SS: $4,402 (this trade vs do-nothing: $-9,182, the opportunity cost of earning $27,656/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 5 × $1065 | 17 Jul | 8d | 12.4% | 81% | 32% | $11,225 | $42,094 | — | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $1065 12.4% OTM over spot $947.23 17 Jul 2026 (8d, $23.02 mid) = $11,225 credit for the 8d cycle → $42,094/mo projected Survival (stays ≤ $1065) 81% Breach risk 19% POP (stays ≤ $1088.03) 84% EV / mo +$19,197 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.4 mo [0.2-1.2] median · 90% of paths whole by 9 mo (vs 98% without) · ~2.3 challenges expected · median CC cash $21,370 🛡 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) -$14,159 Free roll-up +$6/wk Safest escape (by 24 Jul 2026) $1,188 @ 81% POP 77% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 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: $71.76/sh now → $50.77 mid-life (likely $51.81–$81.15) → ≈ $0 at expiry | you banked $22.45/sh, so a flat mid-life exit nets -$28.32/sh | roll rows are incremental, the banked premium stays yours 📊 Across 955 simulated challenges: the $1,065 strike is typically first touched on day 4 of 8, at $1,098 (overshoots $32.85). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ✓ $1065 is at/above CC-SS $1044.94: assignment is break-even or better.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $5.61/sh (~25% of the $22.45 collected) or spot ≥ $1,088.03 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,065)); NOT the premium you collected. Momentum override: two daily closes above $1,228.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $1044.94, where you are whole again, by expiry) Starting unrealized P&L: $-55,685 + Fortress recovery (un-capped): +$50,905 − CC assignment net of premium (5 × $1065): -$0 Total Position P&L @ SS: $-4,780 (+$50,905 vs today) Do-nothing baseline at SS: $4,402 (this trade vs do-nothing: $-9,182, the opportunity cost of earning $42,094/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 5 × $985 | 17 Jul | 8d | 4.0% | 63% | 79% | $22,175 | $83,156 | +$41,062 | $7,793 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $985 4.0% OTM over spot $947.23 17 Jul 2026 (8d, $46.53 mid) = $22,175 credit for the 8d cycle → $83,156/mo projected Survival (stays ≤ $985) 63% Breach risk 37% POP (stays ≤ $1031.53) 73% EV / mo +$18,251 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.2 mo [0.1-0.8] median, 0.2 mo faster than no FIGHT (0.4 mo) · 90% of paths whole by 9 mo (vs 94% without) · ~5.0 challenges expected · median CC cash $22,133 🛡 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) -$1,302 Free roll-up +$18/wk Safest escape (by 24 Jul 2026) $1,208 @ 90% POP 89% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 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: $66.37/sh now → $46.95 mid-life (likely $61.56–$86.69) → ≈ $0 at expiry | you banked $44.35/sh, so a flat mid-life exit nets -$2.60/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,847 simulated challenges: the $985 strike is typically first touched on day 3 of 8, at $1,019 (overshoots $33.51). 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 -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). 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 ⚠ $985 is $60 below CC-SS $1044.94: 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 < $11.09/sh (~25% of the $44.35 collected) or spot ≥ $1,031.53 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $985)); NOT the premium you collected. Momentum override: two daily closes above $1,228.24 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $1044.94, where you are whole again, by expiry) Starting unrealized P&L: $-55,685 + Fortress recovery (un-capped): +$50,905 − CC assignment net of premium (5 × $985): -$7,793 Total Position P&L @ SS: $-12,573 (+$43,112 vs today) Do-nothing baseline at SS: $4,402 (this trade vs do-nothing: $-16,975, the opportunity cost of earning $83,156/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (6 expiries scanned, 145 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: 1.042 (IBKR) | Recovery@SS: +$50,905 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $4,402
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1035 | 4d | 13 Jul 2026 | $11.40 | 5/5 | $42,750 | $42,116 | 83% | 86% | +$20,679 | -$0 | 0.0% | $-4,048 (vs do-nothing $-8,450) |
| $1030 | 4d | 13 Jul 2026 | $12.45 | 5/5 | $46,688 | $46,054 | 82% | 85% | +$22,140 | -$1,243 | 1.7% | $-6,023 (vs do-nothing $-10,425) |
| $1025 | 4d | 13 Jul 2026 | $13.65 | 4/5 | $40,950 | $49,398 | 81% | 84% | +$19,131 | -$2,515 | 3.4% | $-5,458 (vs do-nothing $-9,860) |
| $1050 | 6d | 15 Jul 2026 | $17.25 | 5/5 | $43,125 | $42,491 | 81% | 84% | +$17,422 | -$0 | 0.0% | $3,845 (vs do-nothing $-557) |
| $1065 | 8d | 17 Jul 2026 | $22.45 | 5/5 | $42,094 | $41,460 | 81% | 84% | +$19,197 | -$0 | 0.0% | $6,445 (vs do-nothing +$2,043) |
| $1060 | 8d | 17 Jul 2026 | $23.60 | 5/5 | $44,250 | $43,616 | 80% | 84% | +$19,795 | -$0 | 0.0% | $7,020 (vs do-nothing +$2,618) |
| $1045 | 6d | 15 Jul 2026 | $18.15 | 5/5 | $45,375 | $44,741 | 79% | 83% | +$17,523 | -$0 | 0.0% | $4,295 (vs do-nothing $-107) |
| $1020 | 4d | 13 Jul 2026 | $14.25 | 4/5 | $42,750 | $51,198 | 79% | 83% | +$18,535 | -$4,275 | 5.8% | $-7,218 (vs do-nothing $-11,620) |
| $1055 | 8d | 17 Jul 2026 | $24.75 | 5/5 | $46,406 | $45,772 | 79% | 83% | +$20,304 | -$0 | 0.0% | $7,595 (vs do-nothing +$3,193) |
| $1040 | 6d | 15 Jul 2026 | $19.35 | 5/5 | $48,375 | $47,741 | 78% | 83% | +$18,233 | -$0 | 0.0% | $2,427 (vs do-nothing $-1,975) |
| $1050 | 8d | 17 Jul 2026 | $25.95 | 5/5 | $48,656 | $48,022 | 78% | 82% | +$20,815 | -$0 | 0.0% | $8,195 (vs do-nothing +$3,793) |
| $1015 | 4d | 13 Jul 2026 | $15.45 | 4/5 | $46,350 | $54,798 | 78% | 82% | +$19,508 | -$5,795 | 7.8% | $-8,738 (vs do-nothing $-13,140) |
| $1045 | 8d | 17 Jul 2026 | $27.15 | 4/5 | $40,725 | $49,173 | 77% | 82% | +$16,984 | -$0 | 0.0% | $7,916 (vs do-nothing +$3,515) |
Showing the 60 next-safest rows of 132.
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1010 | 4d | 13 Jul 2026 | $16.95 | 4/5 | $50,850 | $59,298 | 76% | 81% | +$21,133 | -$7,195 | 9.7% | $-10,138 (vs do-nothing $-14,540) |
| $1030 | 6d | 15 Jul 2026 | $21.90 | 4/5 | $43,800 | $52,248 | 76% | 81% | +$15,684 | -$0 | 0.0% | $-158 (vs do-nothing $-4,560) |
| $1040 | 8d | 17 Jul 2026 | $28.40 | 4/5 | $42,600 | $51,048 | 76% | 81% | +$17,312 | -$0 | 0.0% | $6,442 (vs do-nothing +$2,040) |
| $1035 | 8d | 17 Jul 2026 | $29.75 | 4/5 | $44,625 | $53,073 | 75% | 81% | +$17,707 | -$0 | 0.0% | $4,982 (vs do-nothing +$580) |
| $1005 | 4d | 13 Jul 2026 | $18.40 | 3/5 | $41,400 | $58,930 | 75% | 80% | +$16,758 | -$6,461 | 8.7% | $-7,568 (vs do-nothing $-11,970) |
| $1020 | 6d | 15 Jul 2026 | $24.55 | 4/5 | $49,100 | $57,548 | 74% | 80% | +$16,522 | -$155 | 0.2% | $-3,098 (vs do-nothing $-7,500) |
| $1040 | 11d | 20 Jul 2026 | $30.05 | 5/5 | $40,977 | $40,343 | 74% | 79% | +$10,105 | -$0 | 0.0% | $7,777 (vs do-nothing +$3,375) |
| $1030 | 8d | 17 Jul 2026 | $31.10 | 4/5 | $46,650 | $55,098 | 73% | 79% | +$15,146 | -$0 | 0.0% | $3,522 (vs do-nothing $-880) |
| $1000 | 4d | 13 Jul 2026 | $19.80 | 3/5 | $44,550 | $62,080 | 73% | 79% | +$17,344 | -$7,541 | 10.1% | $-8,648 (vs do-nothing $-13,050) |
| $1035 | 11d | 20 Jul 2026 | $31.45 | 5/5 | $42,886 | $42,253 | 73% | 79% | +$10,352 | -$0 | 0.0% | $5,977 (vs do-nothing +$1,575) |
| $1050 | 15d | 24 Jul 2026 | $41.00 | 5/5 | $41,000 | $40,366 | 73% | 79% | +$10,475 | -$0 | 0.0% | $15,720 (vs do-nothing +$11,318) |
| $1040 | 13d | 22 Jul 2026 | $36.45 | 5/5 | $42,058 | $41,424 | 72% | 79% | +$10,186 | -$0 | 0.0% | $10,977 (vs do-nothing +$6,575) |
| $1025 | 8d | 17 Jul 2026 | $32.50 | 4/5 | $48,750 | $57,198 | 72% | 78% | +$15,373 | -$0 | 0.0% | $2,082 (vs do-nothing $-2,320) |
| $1045 | 15d | 24 Jul 2026 | $41.95 | 5/5 | $41,950 | $41,316 | 72% | 78% | +$10,139 | -$0 | 0.0% | $16,195 (vs do-nothing +$11,793) |
| $1030 | 11d | 20 Jul 2026 | $33.30 | 5/5 | $45,409 | $44,775 | 72% | 78% | +$11,137 | -$0 | 0.0% | $4,402 (vs do-nothing $-0) |
| $1035 | 13d | 22 Jul 2026 | $37.90 | 5/5 | $43,731 | $43,097 | 71% | 78% | +$10,357 | -$0 | 0.0% | $9,202 (vs do-nothing +$4,800) |
| $995 | 4d | 13 Jul 2026 | $20.90 | 3/5 | $47,025 | $64,555 | 71% | 78% | +$17,032 | -$8,711 | 11.7% | $-9,818 (vs do-nothing $-14,220) |
| $1010 | 6d | 15 Jul 2026 | $27.45 | 3/5 | $41,175 | $58,705 | 71% | 78% | +$13,035 | -$2,246 | 3.0% | $-3,353 (vs do-nothing $-7,755) |
| $1040 | 15d | 24 Jul 2026 | $43.45 | 5/5 | $43,450 | $42,816 | 71% | 78% | +$10,306 | -$0 | 0.0% | $14,477 (vs do-nothing +$10,075) |
| $1025 | 11d | 20 Jul 2026 | $34.45 | 5/5 | $46,977 | $46,343 | 71% | 78% | +$10,892 | -$0 | 0.0% | $2,477 (vs do-nothing $-1,925) |
| $1030 | 13d | 22 Jul 2026 | $39.45 | 5/5 | $45,519 | $44,885 | 70% | 77% | +$10,584 | -$0 | 0.0% | $7,477 (vs do-nothing +$3,075) |
| $1035 | 15d | 24 Jul 2026 | $45.15 | 5/5 | $45,150 | $44,516 | 70% | 77% | +$10,627 | -$0 | 0.0% | $12,827 (vs do-nothing +$8,425) |
| $1015 | 8d | 17 Jul 2026 | $35.50 | 4/5 | $53,250 | $61,698 | 70% | 77% | +$15,846 | -$0 | 0.0% | $-718 (vs do-nothing $-5,120) |
| $1020 | 11d | 20 Jul 2026 | $36.10 | 5/5 | $49,227 | $48,593 | 70% | 77% | +$11,251 | -$0 | 0.0% | $802 (vs do-nothing $-3,600) |
| $1025 | 13d | 22 Jul 2026 | $40.90 | 5/5 | $47,192 | $46,559 | 70% | 77% | +$10,635 | -$0 | 0.0% | $5,702 (vs do-nothing +$1,300) |
| $990 | 4d | 13 Jul 2026 | $22.45 | 3/5 | $50,512 | $68,042 | 69% | 77% | +$17,498 | -$9,746 | 13.1% | $-10,853 (vs do-nothing $-15,255) |
| $1030 | 15d | 24 Jul 2026 | $46.65 | 5/5 | $46,650 | $46,016 | 69% | 77% | +$10,699 | -$0 | 0.0% | $11,077 (vs do-nothing +$6,675) |
| $1015 | 11d | 20 Jul 2026 | $36.85 | 5/5 | $50,250 | $49,616 | 69% | 76% | +$10,301 | -$0 | 0.0% | $-1,323 (vs do-nothing $-5,725) |
| $1010 | 8d | 17 Jul 2026 | $37.05 | 3/5 | $41,681 | $59,211 | 69% | 77% | +$12,008 | -$0 | 0.0% | $-473 (vs do-nothing $-4,875) |
| $1020 | 13d | 22 Jul 2026 | $42.65 | 5/5 | $49,212 | $48,578 | 69% | 76% | +$10,968 | -$0 | 0.0% | $4,077 (vs do-nothing $-325) |
| $1025 | 15d | 24 Jul 2026 | $47.75 | 5/5 | $47,750 | $47,116 | 69% | 76% | +$10,322 | -$0 | 0.0% | $9,127 (vs do-nothing +$4,725) |
| $1000 | 6d | 15 Jul 2026 | $30.55 | 3/5 | $45,825 | $63,355 | 69% | 77% | +$13,591 | -$4,316 | 5.8% | $-5,423 (vs do-nothing $-9,825) |
| $1022.50 | 15d | 24 Jul 2026 | $48.70 | 5/5 | $48,700 | $48,066 | 68% | 76% | +$10,514 | -$0 | 0.0% | $8,352 (vs do-nothing +$3,950) |
| $1010 | 11d | 20 Jul 2026 | $37.95 | 4/5 | $41,400 | $49,848 | 68% | 76% | +$7,797 | -$0 | 0.0% | $-1,738 (vs do-nothing $-6,140) |
| $1015 | 13d | 22 Jul 2026 | $44.30 | 4/5 | $40,892 | $49,340 | 68% | 76% | +$8,897 | -$0 | 0.0% | $2,802 (vs do-nothing $-1,600) |
| $1020 | 15d | 24 Jul 2026 | $50.00 | 5/5 | $50,000 | $49,366 | 68% | 76% | +$11,044 | -$0 | 0.0% | $7,752 (vs do-nothing +$3,350) |
| $1005 | 8d | 17 Jul 2026 | $38.70 | 3/5 | $43,538 | $61,067 | 68% | 76% | +$12,169 | -$371 | 0.5% | $-1,478 (vs do-nothing $-5,880) |
| $985 | 4d | 13 Jul 2026 | $24.05 | 3/5 | $54,112 | $71,642 | 68% | 76% | +$17,830 | -$10,766 | 14.5% | $-11,873 (vs do-nothing $-16,275) |
| $1017.50 | 15d | 24 Jul 2026 | $50.00 | 5/5 | $50,000 | $49,366 | 67% | 76% | +$10,261 | -$0 | 0.0% | $6,502 (vs do-nothing +$2,100) |
| $995 | 6d | 15 Jul 2026 | $32.35 | 3/5 | $48,525 | $66,055 | 67% | 76% | +$14,087 | -$5,276 | 7.1% | $-6,383 (vs do-nothing $-10,785) |
| $1015 | 15d | 24 Jul 2026 | $50.70 | 5/5 | $50,700 | $50,066 | 67% | 75% | +$10,165 | -$0 | 0.0% | $5,602 (vs do-nothing +$1,200) |
| $1010 | 13d | 22 Jul 2026 | $46.00 | 4/5 | $42,462 | $50,910 | 67% | 75% | +$9,013 | -$0 | 0.0% | $1,482 (vs do-nothing $-2,920) |
| $1005 | 11d | 20 Jul 2026 | $40.35 | 4/5 | $44,018 | $52,466 | 67% | 75% | +$8,704 | -$0 | 0.0% | $-2,778 (vs do-nothing $-7,180) |
| $1012.50 | 15d | 24 Jul 2026 | $51.70 | 4/5 | $41,360 | $49,808 | 66% | 75% | +$8,285 | -$0 | 0.0% | $4,762 (vs do-nothing +$360) |
| $1010 | 15d | 24 Jul 2026 | $53.05 | 4/5 | $42,440 | $50,888 | 66% | 75% | +$8,707 | -$0 | 0.0% | $4,302 (vs do-nothing $-100) |
| $1005 | 13d | 22 Jul 2026 | $46.70 | 4/5 | $43,108 | $51,556 | 66% | 75% | +$8,152 | -$0 | 0.0% | $-238 (vs do-nothing $-4,640) |
| $990 | 6d | 15 Jul 2026 | $33.90 | 3/5 | $50,850 | $68,380 | 66% | 75% | +$14,097 | -$6,311 | 8.5% | $-7,418 (vs do-nothing $-11,820) |
| $1000 | 11d | 20 Jul 2026 | $41.95 | 4/5 | $45,764 | $54,212 | 66% | 75% | +$8,668 | -$1,195 | 1.6% | $-4,138 (vs do-nothing $-8,540) |
| $980 | 4d | 13 Jul 2026 | $25.75 | 3/5 | $57,938 | $75,467 | 66% | 75% | +$18,130 | -$11,756 | 15.8% | $-12,863 (vs do-nothing $-17,265) |
| $1007.50 | 15d | 24 Jul 2026 | $53.20 | 4/5 | $42,560 | $51,008 | 66% | 75% | +$8,158 | -$0 | 0.0% | $3,362 (vs do-nothing $-1,040) |
| $995 | 8d | 17 Jul 2026 | $41.65 | 3/5 | $46,856 | $64,386 | 65% | 75% | +$11,863 | -$2,486 | 3.3% | $-3,593 (vs do-nothing $-7,995) |
| $1005 | 15d | 24 Jul 2026 | $55.60 | 4/5 | $44,480 | $52,928 | 65% | 74% | +$9,399 | -$0 | 0.0% | $3,322 (vs do-nothing $-1,080) |
| $1000 | 13d | 22 Jul 2026 | $49.20 | 4/5 | $45,415 | $53,863 | 65% | 74% | +$8,898 | -$0 | 0.0% | $-1,238 (vs do-nothing $-5,640) |
| $1002.50 | 15d | 24 Jul 2026 | $54.90 | 4/5 | $43,920 | $52,368 | 65% | 74% | +$8,149 | -$0 | 0.0% | $2,042 (vs do-nothing $-2,360) |
| $995 | 11d | 20 Jul 2026 | $43.40 | 4/5 | $47,345 | $55,793 | 65% | 74% | +$8,399 | -$2,615 | 3.5% | $-5,558 (vs do-nothing $-9,960) |
| $985 | 6d | 15 Jul 2026 | $34.15 | 3/5 | $51,225 | $68,755 | 64% | 74% | +$12,038 | -$7,736 | 10.4% | $-8,843 (vs do-nothing $-13,245) |
| $1000 | 15d | 24 Jul 2026 | $56.85 | 4/5 | $45,480 | $53,928 | 64% | 74% | +$9,008 | -$0 | 0.0% | $1,822 (vs do-nothing $-2,580) |
| $990 | 8d | 17 Jul 2026 | $43.05 | 3/5 | $48,431 | $65,961 | 64% | 74% | +$11,505 | -$3,566 | 4.8% | $-4,673 (vs do-nothing $-9,075) |
| $995 | 13d | 22 Jul 2026 | $50.85 | 4/5 | $46,938 | $55,386 | 64% | 74% | +$8,802 | -$0 | 0.0% | $-2,578 (vs do-nothing $-6,980) |
| $975 | 4d | 13 Jul 2026 | $27.45 | 2/5 | $41,175 | $67,787 | 64% | 74% | +$12,108 | -$8,497 | 11.4% | $-7,768 (vs do-nothing $-12,170) |
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 5 contracts at the conservative CC.