FORTRESS FIGHT: MU-LC880 @ $924.00

BE SS: $1028.60 | CC-SS: $977.69 | 5 contracts (500 sh) | ⌂ PORTFOLIO

MU-LC880 @ $924.00 UNDERWATER $104.60 (10.2% below BE SS)

5 contracts (500 sh) | BE SS: $1028.60 | CC-SS: $977.69 | IV: HIGH | Accounts: Main:1299

LC: $880 exp 2028-01-21 (entry $530.281/sh)

SP: $1010 exp 2028-01-21 (entry $385.075/sh)

HP: $320 exp 2026-09-18 (entry $3.425/sh)

Economics

Max Loss	$419,300	(ND $148.60 + SW $690) x 500
Normal income ref	$136,500/mo	95% ann ROI on ML
Hedge rolling cost	$645/mo
Unrealized P&L	$-37,450	fortress legs from IBKR

INCOME GOALPOSTS & VELOCITY

50% INCOME FLOOR
$68,250/mo

HEDGE COVER
$645/mo

NORMAL INCOME
$136,500/mo (ATM CC, chain)

IC VELOCITY
0.5 mo to earn back $74,300

ML VELOCITY
3.1 mo to earn back $419,300

NOT a deep drawdown: a CC at CC-SS $977.69 (probe: $980C 11d) still earns $95,386/mo (70% of normal). Sell the normal CC at/above CC-SS; a FIGHT CC below it is not needed here.

🏦 CAMPAIGN LEDGER , realized CC income since 2026-07-02; banked cash shrinks the hole, so CC-SS ratchets down (seeded from open positions, reconciled from IBKR executions nightly)

Banked since 2026-07-02

$9,776

Hole (after banked)

$27,674

was $37,450 · 26% earned back

Cycles closed

Credit in flight

CC-SS ratchet

$1,007.22 → $977.69

NOT a deep drawdown. A CC at/above CC-SS $977.69 keeps this fortress whole if assigned, so there is no need to FIGHT below it. Three income options to consider, richer → safer, all at/above CC-SS. Click a card for its if-challenged roll menu.

💰 Richer · sell 5 × $1010 31 Jul 2026 (18d) · more income, lower survivalroll menu if challenged ▾

Survival (stays ≤ $1010)

70%

Touch odds

64%

Per cycle

$36,650

Income / mo

$61,083

🎯 Recommended · sell 5 × $1005 17 Jul 2026 (4d) · richest strike still ≥80% survivalroll menu if challenged ▾

Survival (stays ≤ $1005)

81%

Touch odds

38%

Per cycle

$18,950

Income / mo

$142,125

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 2 of 4); earlier = worse credits, later = better, through the strike = add intrinsic

Buyback gross: $94.27/sh now → $66.67 mid-life (likely $73.46–$124.73) → ≈ $0 at expiry | you banked $37.90/sh, so a flat mid-life exit nets -$28.77/sh | roll rows are incremental, the banked premium stays yours

📊 Across 787 simulated challenges: the $1,005 strike is typically first touched on day 3 of 4, at $1,035 (overshoots $30.04). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.

Move	New strike ≈	New expiry	Tenor	Est net	Total (5 ct)	POP / surv of new CC
Reliable up-and-out (highest cap still free ≥60%)	~$1,051	31 Jul 2026	16d left	+$22.63/sh	+$11,314 cycle +$30,264 [-$4,080…+$10,994] · 65% credit	77% surv 63%
Roll out (same strike, buy time)	~$1,005	20 Jul 2026	5d left	+$8.25/sh	+$4,127 cycle +$23,077 [-$3,720…+$4,922] · 52% credit	78% surv 52%
Up-and-out for even (raise the cap, free)	~$1,016	20 Jul 2026	5d left	+$1.16/sh	+$581 cycle +$19,531 [-$8,094…+$492] · 29% credit	79% surv 56%
Max even-money escape in the band	~$1,101	31 Jul 2026	16d left	+$0.24/sh	+$120 cycle +$19,070 [-$17,603…-$702] · 21% credit	81% surv 72%
reaches SS ✓
Safety roll (pay small debit, max POP)	~$1,231	31 Jul 2026	16d left	-$36.09/sh	-$18,044 cycle +$906 [-$40,838…-$20,426]	90% surv 88%
budget: banked $18,950 debit $18,044 (95% used ≈ 0.6 wk of income) → whole cycle still +$906 cash · rolled 5 ct earn ≈ $28,672/mo while parked; 0 ct free to re-sell · clears SS ✓

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.

🛡 Safer · sell 5 × $1070 20 Jul 2026 (7d) · higher survival, lighter premiumroll menu if challenged ▾

Survival (stays ≤ $1070)

90%

Touch odds

21%

Per cycle

$10,675

Income / mo

$45,750

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 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic

Buyback gross: $107.77/sh now → $76.23 mid-life (likely $66.99–$115.97) → ≈ $0 at expiry | you banked $21.35/sh, so a flat mid-life exit nets -$54.88/sh | roll rows are incremental, the banked premium stays yours

📊 Across 475 simulated challenges: the $1,070 strike is typically first touched on day 5 of 7, at $1,098 (overshoots $28.08). 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.

Move	New strike ≈	New expiry	Tenor	Est net	Total (5 ct)	POP / surv of new CC
Reliable up-and-out (highest cap still free ≥60%)	~$1,116	31 Jul 2026	14d left	+$10.88/sh	+$5,441 cycle +$16,116 [-$2,931…+$10,918] · 63% credit	78% surv 63%
Roll out (same strike, buy time)	~$1,070	22 Jul 2026	6d left	+$1.89/sh	+$943 cycle +$11,618 [-$3,092…+$4,215] · 52% credit	75% surv 52%
Up-and-out for even (raise the cap, free)	~$1,071	22 Jul 2026	6d left	+$0.97/sh	+$487 cycle +$11,162 [-$3,652…+$3,725] · 47% credit	75% surv 53%
Max even-money escape in the band	~$1,136	31 Jul 2026	14d left	+$1.77/sh	+$884 cycle +$11,559 [-$8,249…+$5,877] · 44% credit	79% surv 67%
Safety roll (pay small debit, max POP)	~$1,191	31 Jul 2026	14d left	-$20.98/sh	-$10,492 cycle +$183 [-$22,263…-$6,405] · 11% credit	83% surv 76%
budget: banked $10,675 debit $10,492 (98% used ≈ 1.0 wk of income) → whole cycle still +$183 cash · rolled 5 ct earn ≈ $59,192/mo while parked; 0 ct free to re-sell

⚔ FIGHT CC options · full candidate scan (130 clear the floor), click to expand

Every eligible strike x expiry in the 4-45 DTE band (5 expiries scanned, 130 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: 0.900 (fallback) | Recovery@SS: +$24,160 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $11,310

Strike	DTE	Expiry	Bid	Sell	Income/mo	Net/mo	Survival	POP (mid)	EV/mo	Cap Give-up @ CC-SS	%IC	Total P&L @ SS
$1065	4d	17 Jul 2026	$18.95	5/5	$71,062	$70,418	94%	96%	+$65,979	-$0	0.0%	$-3,815 (vs do-nothing $-15,125)
$1060	4d	17 Jul 2026	$20.00	5/5	$75,000	$74,355	93%	95%	+$69,148	-$0	0.0%	$-3,290 (vs do-nothing $-14,600)
$1055	4d	17 Jul 2026	$21.40	5/5	$80,250	$79,605	92%	95%	+$73,526	-$0	0.0%	$-2,590 (vs do-nothing $-13,900)
$1050	4d	17 Jul 2026	$23.20	4/5	$69,600	$82,373	92%	95%	+$63,431	-$0	0.0%	$910 (vs do-nothing $-10,400)
$1045	4d	17 Jul 2026	$23.90	4/5	$71,700	$84,473	91%	94%	+$64,638	-$0	0.0%	$1,190 (vs do-nothing $-10,120)
$1040	4d	17 Jul 2026	$25.70	4/5	$77,100	$89,873	90%	94%	+$69,031	-$0	0.0%	$1,910 (vs do-nothing $-9,400)
$1035	4d	17 Jul 2026	$27.20	4/5	$81,600	$94,373	89%	93%	+$72,400	-$0	0.0%	$2,510 (vs do-nothing $-8,800)
$1030	4d	17 Jul 2026	$28.30	4/5	$84,900	$97,673	88%	93%	+$74,431	-$0	0.0%	$2,950 (vs do-nothing $-8,360)
$1025	4d	17 Jul 2026	$30.40	3/5	$68,400	$94,592	87%	92%	+$59,485	-$0	0.0%	$5,670 (vs do-nothing $-5,640)
$1015	4d	17 Jul 2026	$33.60	3/5	$75,600	$101,792	85%	91%	+$64,180	-$0	0.0%	$6,630 (vs do-nothing $-4,680)
$1030	7d	20 Jul 2026	$33.00	5/5	$70,714	$70,070	83%	90%	+$55,221	-$0	0.0%	$3,210 (vs do-nothing $-8,100)
$1010	4d	17 Jul 2026	$36.05	3/5	$81,112	$107,304	83%	90%	+$66,976	-$0	0.0%	$7,365 (vs do-nothing $-3,945)
$1025	7d	20 Jul 2026	$34.65	5/5	$74,250	$73,605	82%	89%	+$57,281	-$0	0.0%	$4,035 (vs do-nothing $-7,275)

Show 117 more candidates (lower strikes: more income, lower survival)

Showing the 60 next-safest rows of 117.

Strike	DTE	Expiry	Bid	Sell	Income/mo	Net/mo	Survival	POP (mid)	EV/mo	Cap Give-up @ CC-SS	%IC	Total P&L @ SS
$1005	4d	17 Jul 2026	$37.90	3/5	$85,275	$111,467	81%	90%	+$69,508	-$0	0.0%	$7,920 (vs do-nothing $-3,390)
$1020	7d	20 Jul 2026	$36.40	5/5	$78,000	$77,355	81%	89%	+$59,432	-$0	0.0%	$4,910 (vs do-nothing $-6,400)
$1015	7d	20 Jul 2026	$38.50	5/5	$82,500	$81,855	80%	88%	+$62,202	-$0	0.0%	$5,960 (vs do-nothing $-5,350)
$1010	7d	20 Jul 2026	$39.85	4/5	$68,314	$81,088	79%	88%	+$50,581	-$0	0.0%	$7,570 (vs do-nothing $-3,740)
$1025	9d	22 Jul 2026	$42.30	5/5	$70,500	$69,855	79%	87%	+$49,246	-$0	0.0%	$7,860 (vs do-nothing $-3,450)
$995	4d	17 Jul 2026	$41.35	3/5	$93,038	$119,229	78%	89%	+$73,536	-$0	0.0%	$8,955 (vs do-nothing $-2,355)
$1020	9d	22 Jul 2026	$44.30	5/5	$73,833	$73,189	78%	86%	+$50,999	-$0	0.0%	$8,860 (vs do-nothing $-2,450)
$1005	7d	20 Jul 2026	$42.20	4/5	$72,343	$85,116	78%	87%	+$52,998	-$0	0.0%	$8,510 (vs do-nothing $-2,800)
$990	4d	17 Jul 2026	$45.00	3/5	$101,250	$127,442	77%	88%	+$79,624	-$0	0.0%	$10,050 (vs do-nothing $-1,260)
$1015	9d	22 Jul 2026	$45.55	5/5	$75,917	$75,272	77%	86%	+$51,400	-$0	0.0%	$9,485 (vs do-nothing $-1,825)
$1000	7d	20 Jul 2026	$45.00	4/5	$77,143	$89,916	76%	87%	+$56,063	-$0	0.0%	$9,630 (vs do-nothing $-1,680)
$1025	11d	24 Jul 2026	$51.40	5/5	$70,091	$69,446	76%	85%	+$45,505	-$0	0.0%	$12,410 (vs do-nothing +$1,100)
$1022.50	11d	24 Jul 2026	$52.15	5/5	$71,114	$70,469	76%	84%	+$45,790	-$0	0.0%	$12,785 (vs do-nothing +$1,475)
$1010	9d	22 Jul 2026	$47.45	5/5	$79,083	$78,439	76%	85%	+$52,780	-$0	0.0%	$10,435 (vs do-nothing $-875)
$985	4d	17 Jul 2026	$45.90	2/5	$68,850	$108,460	75%	88%	+$52,893	-$0	0.0%	$10,650 (vs do-nothing $-660)
$1020	11d	24 Jul 2026	$52.70	5/5	$71,864	$71,219	75%	84%	+$45,784	-$0	0.0%	$13,060 (vs do-nothing +$1,750)
$995	7d	20 Jul 2026	$46.15	4/5	$79,114	$91,888	75%	86%	+$56,170	-$0	0.0%	$10,090 (vs do-nothing $-1,220)
$1017.50	11d	24 Jul 2026	$54.30	5/5	$74,045	$73,401	75%	84%	+$47,190	-$0	0.0%	$13,860 (vs do-nothing +$2,550)
$1005	9d	22 Jul 2026	$50.30	5/5	$83,833	$83,189	75%	85%	+$55,633	-$0	0.0%	$11,860 (vs do-nothing +$550)
$1015	11d	24 Jul 2026	$55.30	5/5	$75,409	$74,764	74%	84%	+$47,760	-$0	0.0%	$14,360 (vs do-nothing +$3,050)
$1012.50	11d	24 Jul 2026	$56.30	5/5	$76,773	$76,128	74%	84%	+$48,309	-$0	0.0%	$14,860 (vs do-nothing +$3,550)
$980	4d	17 Jul 2026	$48.40	2/5	$72,600	$112,210	74%	87%	+$54,973	-$0	0.0%	$11,150 (vs do-nothing $-160)
$990	7d	20 Jul 2026	$48.50	4/5	$83,143	$95,916	74%	85%	+$58,198	-$0	0.0%	$11,030 (vs do-nothing $-280)
$1000	9d	22 Jul 2026	$52.20	4/5	$69,600	$82,373	73%	84%	+$45,432	-$0	0.0%	$12,510 (vs do-nothing +$1,200)
$1010	11d	24 Jul 2026	$56.90	5/5	$77,591	$76,946	73%	83%	+$48,294	-$0	0.0%	$15,160 (vs do-nothing +$3,850)
$1007.50	11d	24 Jul 2026	$58.30	5/5	$79,500	$78,855	73%	83%	+$49,349	-$0	0.0%	$15,860 (vs do-nothing +$4,550)
$1005	11d	24 Jul 2026	$59.40	5/5	$81,000	$80,355	72%	83%	+$49,975	-$0	0.0%	$16,410 (vs do-nothing +$5,100)
$985	7d	20 Jul 2026	$52.00	4/5	$89,143	$101,916	72%	85%	+$62,057	-$0	0.0%	$12,430 (vs do-nothing +$1,120)
$995	9d	22 Jul 2026	$54.40	4/5	$72,533	$85,307	72%	84%	+$46,663	-$0	0.0%	$13,390 (vs do-nothing +$2,080)
$975	4d	17 Jul 2026	$52.00	2/5	$78,000	$117,610	72%	87%	+$58,567	-$0	0.0%	$11,332 (vs do-nothing +$22)
$1002.50	11d	24 Jul 2026	$59.85	5/5	$81,614	$80,969	72%	83%	+$49,693	-$0	0.0%	$16,635 (vs do-nothing +$5,325)
$1000	11d	24 Jul 2026	$61.25	5/5	$83,523	$82,878	71%	83%	+$50,686	-$0	0.0%	$17,335 (vs do-nothing +$6,025)
$990	9d	22 Jul 2026	$56.55	4/5	$75,400	$88,173	71%	83%	+$47,730	-$0	0.0%	$14,250 (vs do-nothing +$2,940)
$980	7d	20 Jul 2026	$53.45	3/5	$68,721	$94,913	71%	85%	+$46,690	-$0	0.0%	$12,585 (vs do-nothing +$1,275)
$970	4d	17 Jul 2026	$53.30	2/5	$79,950	$119,560	70%	86%	+$58,566	-$0	0.0%	$10,592 (vs do-nothing $-718)
$995	11d	24 Jul 2026	$63.20	4/5	$68,945	$81,719	70%	82%	+$41,160	-$0	0.0%	$16,910 (vs do-nothing +$5,600)
$985	9d	22 Jul 2026	$59.30	4/5	$79,067	$91,840	70%	83%	+$49,497	-$0	0.0%	$15,350 (vs do-nothing +$4,040)
$975	7d	20 Jul 2026	$55.80	3/5	$71,743	$97,934	69%	84%	+$47,880	-$0	0.0%	$12,483 (vs do-nothing +$1,173)
$990	11d	24 Jul 2026	$66.50	4/5	$72,545	$85,319	69%	82%	+$43,173	-$0	0.0%	$18,230 (vs do-nothing +$6,920)
$965	4d	17 Jul 2026	$55.90	2/5	$83,850	$123,460	69%	86%	+$60,366	-$0	0.0%	$10,112 (vs do-nothing $-1,198)
$980	9d	22 Jul 2026	$61.35	4/5	$81,800	$94,573	68%	82%	+$50,227	-$0	0.0%	$16,170 (vs do-nothing +$4,860)
$985	11d	24 Jul 2026	$67.70	4/5	$73,855	$86,628	68%	81%	+$42,824	-$0	0.0%	$18,710 (vs do-nothing +$7,400)
$970	7d	20 Jul 2026	$59.80	3/5	$76,886	$103,077	68%	84%	+$51,073	-$0	0.0%	$12,183 (vs do-nothing +$873)
$975	9d	22 Jul 2026	$63.75	4/5	$85,000	$97,773	67%	82%	+$51,319	-$0	0.0%	$16,054 (vs do-nothing +$4,745)
$980	11d	24 Jul 2026	$69.95	4/5	$76,309	$89,082	67%	81%	+$43,400	-$0	0.0%	$19,610 (vs do-nothing +$8,300)
$990	18d	31 Jul 2026	$82.05	5/5	$68,375	$67,730	67%	79%	+$34,620	-$0	0.0%	$27,735 (vs do-nothing +$16,425)
$960	4d	17 Jul 2026	$58.70	2/5	$88,050	$127,660	67%	85%	+$62,309	-$0	0.0%	$9,672 (vs do-nothing $-1,638)
$965	7d	20 Jul 2026	$60.35	3/5	$77,593	$103,784	66%	83%	+$49,707	-$0	0.0%	$10,848 (vs do-nothing $-462)
$970	9d	22 Jul 2026	$66.05	4/5	$88,067	$100,840	66%	81%	+$52,168	-$0	0.0%	$14,974 (vs do-nothing +$3,665)
$985	18d	31 Jul 2026	$86.00	5/5	$71,667	$71,022	66%	79%	+$36,524	-$0	0.0%	$29,710 (vs do-nothing +$18,400)
$975	11d	24 Jul 2026	$74.00	4/5	$80,727	$93,501	66%	80%	+$46,076	-$0	0.0%	$20,154 (vs do-nothing +$8,845)
$980	18d	31 Jul 2026	$88.00	5/5	$73,333	$72,689	65%	79%	+$36,757	-$0	0.0%	$30,710 (vs do-nothing +$19,400)
$955	4d	17 Jul 2026	$62.10	2/5	$93,150	$132,760	65%	85%	+$64,990	-$0	0.0%	$9,352 (vs do-nothing $-1,958)
$970	11d	24 Jul 2026	$76.00	4/5	$82,909	$95,682	65%	80%	+$46,444	-$0	0.0%	$18,954 (vs do-nothing +$7,645)
$960	7d	20 Jul 2026	$63.95	3/5	$82,221	$108,413	65%	83%	+$52,138	-$0	0.0%	$10,428 (vs do-nothing $-882)
$965	9d	22 Jul 2026	$69.00	3/5	$69,000	$95,192	65%	81%	+$40,330	-$0	0.0%	$13,443 (vs do-nothing +$2,133)
$975	18d	31 Jul 2026	$88.35	5/5	$73,625	$72,980	64%	78%	+$35,569	-$0	0.0%	$29,541 (vs do-nothing +$18,231)
$965	11d	24 Jul 2026	$78.10	4/5	$85,200	$97,973	63%	80%	+$46,785	-$0	0.0%	$17,794 (vs do-nothing +$6,485)
$960	9d	22 Jul 2026	$71.65	3/5	$71,650	$97,842	63%	80%	+$41,150	-$0	0.0%	$12,738 (vs do-nothing +$1,428)
$970	18d	31 Jul 2026	$90.95	5/5	$75,792	$75,147	63%	78%	+$36,208	-$0	0.0%	$28,341 (vs do-nothing +$17,031)

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.

fortress_fight.py v6.1 | 2026-07-13 13:27