FORTRESS FIGHT: MU-LC970 @ $930.83

BE SS: $1220.00 | CC-SS: $1245.41 | 2 contracts (200 sh) | ⌂ PORTFOLIO

MU-LC970 @ $930.83 UNDERWATER $289.17 (23.7% below BE SS)

2 contracts (200 sh) | BE SS: $1220.00 | CC-SS: $1245.41 (banked floor $1,233.58) | IV: HIGH | Accounts: Neville:0865

LC: $970 exp 2028-01-21 (entry $645.074/sh)

SP: $1110 exp 2028-01-21 (entry $400.223/sh)

HP: $370 exp 2026-10-16 (entry $5.169/sh)

Economics

Max Loss	$198,000	(ND $250.00 + SW $740) x 200
Normal income ref	$30,448/mo	95% ann ROI on ML
Hedge rolling cost	$396/mo
Unrealized P&L	$-64,635	fortress legs from IBKR

INCOME GOALPOSTS & VELOCITY

50% INCOME FLOOR
$15,224/mo

HEDGE COVER
$396/mo

NORMAL INCOME
$30,448/mo (ATM CC, chain)

IC VELOCITY
1.6 mo to earn back $50,000

ML VELOCITY
6.5 mo to earn back $198,000

Deep drawdown (unpriceable at CC-SS): no listed call within 92% of CC-SS $1245.41 in the fetched chain; the deepest available is $1050C (13d, $11,469/mo, a BELOW-CC-SS strike, not a safe CC). Income at true CC-SS ≈ $0, so FIGHT below it is warranted.

🏦 CAMPAIGN LEDGER , realized CC income since 2026-07-02; banked cash shrinks the hole (shown as an info-only banked floor, the recommended CC-SS stays the pure recovery strike; seeded from open positions, reconciled from IBKR executions nightly)

Banked since 2026-07-02

$2,449

Hole (after banked)

$62,186

was $64,635 · 4% earned back

Cycles closed

Credit in flight

$1,570

CC-SS · banked floor (info)

$1,245.41 → $1,233.58

? 1 leg(s) closed as UNKNOWN (vanished with no fill in window): banked $0, conservative. Fix campaign.json by hand if wrong.

Open leg	Acct	Credit/sh	In flight	Opened
2x $1155C 17 Jul 2026	U13190865	$7.85	$1,570	2026-07-11

TECHNICALS (cc_timing weekly gate + daily trigger)

WEEKLYNEUTRAL · %B 71 (live) · RSI 65 · MACD bullish, hist falling

DAILYMIXED (provisional) · RSI 46 · %B 17 · hist rising (nightly)

LEVELSUpper BB (CC ceiling) $1,242.78 (+34%) · daily UBB $1,225.61 · 1-wk expected move ±$128 (chain IV)

SETUPNo tilt: engine default. (advisory; floors and picks are chain-only)

⚠ Next earnings 2026-09-24: candidates whose expiry crosses it are flagged in the spectrum; EV is unreliable across earnings.

INTERPRETATION

Primary: 2 contracts at $1045 / 3d. This is the safest strike (survival 90%, breach 10%) that still earns 50% of normal income ($15,224/mo); it brings $15,800/mo. The engine maximizes the odds the pullback never reaches your strike, rather than chasing the fattest near-ATM premium.

More income, less safety: the ladder tops out at 2 × $995/3d for $35,700/mo, but breach risk rises to 22% (+12pp vs the primary). The lower strike is hit by a smaller bounce.

More safety, less income: for just the hedge you can sit at 2 × $1270/3d (99+% survival, $500/mo).

Downside anchor: the primary mortgages $38,502 (77% of IC) ONLY on a full V-bounce all the way to SS $1220, recoverable in 1.3 months of normal income. That is the rare tail; the frequent case is the strike holding. Surgical close on the 2 contracts realizes $-64,700 and cuts bleed by $396/mo.

📅 Two weekly tracks, this Friday & next Friday

Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 2 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.

🏆 Grand pick: THIS FRIDAY · 17 Jul 2026 (3d) · sell 2 × $1045, 90% survival, $15,800/mo (E[net] $6,792/mo).
The two weekly tracks below are ranked by E[net]/mo = income − P(touch) × escape cost. Each has its own full ladder.

Track	Expiry	Sell	Survival	Income/mo	E[net]/mo
THIS FRIDAY 🏆	17 Jul 2026 · 3d	2 × $1045	90%	$15,800	$6,792
NEXT FRIDAY	24 Jul 2026 · 10d	2 × $1045	78%	$15,510	$3,440

📅 THIS FRIDAY · 17 Jul 2026 · 3d · E[net] $6,792/mo 🏆 GRAND PICK

🎯 Engine pick: sell 2 × $1045 (primary), 90% survival, breach 10%, $15,800/mo.
The pick is already past the ~80% (≈1σ) comfort line, so take the income. Stepping out to the $1070 rung (33% normal) lifts survival to 94% (breach 10% → 6%) for $5,200/mo less (33% income) buys safety you do not really need here.

MU spot $930.83 · click a rung to expand its decision panel

Rung

Sell

Expiry

DTE

OTM

Survival

Touch odds

Per cycle

Income/mo

Δ vs pick

Cap give-up

▸

cover hedge

2 × $1270

17 Jul

36.4%

99+%

$50

$500

-$15,300

Sell 2 × $1270 36.4% OTM over spot $930.83 17 Jul 2026 (3d, $0.32 mid)

= $50 credit for the 3d cycle → $500/mo projected

Survival (stays ≤ $1270)

99+%

Breach risk

POP (stays ≤ $1270.32)

99+%

EV / mo

+$481

📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.1 mo [0.5-2.6] median · 62% of paths whole by 9 mo (vs 65% without) · ~0.1 challenges expected · median CC cash $-502

🛡 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)

Flat exit net (mid-life)

-$8,222

Free roll-up

+$10/wk

Safest escape (by 31 Jul 2026)

$1,399 @ 79% POP

74% survival

Roll menuyour doors if the call gets challenged; each row = buy back the 2 calls + sell the new ones, one order. Prices assume the central case (day 1 of 3); earlier = worse credits, later = better, through the strike = add intrinsic

Buyback gross: $58.48/sh now → $41.36 mid-life → ≈ $0 at expiry | you banked $0.25/sh, so a flat mid-life exit nets -$41.11/sh | roll rows are incremental, the banked premium stays yours

Move	New strike ≈	New expiry	Tenor	Est net	Total (2 ct)	POP / surv of new CC	If rolled & exited total P&L · cap gain @ new strike
Roll out (same strike, buy time)	~$1,270	20 Jul 2026	4d left	+$4.11/sh	+$821 cycle +$871	69% surv 52%	+$6,851 SAFE cap gain +$71,486
Up-and-out for even (raise the cap, free)	~$1,274	20 Jul 2026	4d left	+$2.10/sh	+$420 cycle +$470	69% surv 53%	+$7,318 SAFE cap gain +$71,953
Max even-money escape in the band	~$1,399	31 Jul 2026	16d left	+$0.52/sh	+$103 cycle +$153	79% surv 74%	+$33,027 SAFE cap gain +$97,662

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 -0.4 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 stress

Income coverage

Gross FIGHT income	$500/mo
vs 50% target ($15,224/mo)	-97%
vs normal income ($30,448/mo)	2% covered
Net income (after hedge)	$104/mo

Downside budget

✓ $1270 is at/above CC-SS $1245.41: assignment is break-even or better.

Cap give-up @ CC-SS (V-bounce)	-$0
… as % of IC ($50,000)	0.0%
… as % of ML ($198,000)	0.0%
Recovery months (at normal income)	0.0 mo
Surgical close (2 ct)	$-64,648

Tripwiresprice and time left decide together; the matrix is the playbook

The one rule: roll when the short call's remaining TIME VALUE < $0.06/sh (~25% of the $0.25 collected) or spot ≥ $1,270.32 (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 $1,225.61 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".

Spot \ Time	≥ 4d left	3d left	≤ 2d (expiry)
Below $1,257.30	Do nothing. Theta wins.	Do nothing.	Penny buyback at the close; re-sell next cycle.
Pressing the strike $1,257-1,270.32	Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.	★ Roll on strength NOW: cheap buyback, fat credits.	Close or roll same day; pin risk at the strike.
Through breakeven ≥ $1,270.32	Act now: intrinsic compounds daily. Up-and-out or safety roll.	Roll or close immediately; time value is gone.	Close today, or be assigned.

If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)

Scenario	Spot	CC leg net	Position total	vs today	vs do-nothing
at strike	$1,270.00 (4.1σ)	$50	$6,030	+$70,665	+$9,040
+2.5%	$1,301.75 (4.4σ)	$-6,300	$6,291	+$70,926	+$9,040
+5%	$1,333.50 (4.8σ)	$-12,650	$6,551	+$71,186	+$9,040

V-BOUNCE STRESS (stock → CC-SS $1245.41, where you are whole again, by expiry)

Starting unrealized P&L: $-64,635

+ Fortress recovery (un-capped): +$65,495

− CC assignment net of premium (2 × $1270): -$0

Total Position P&L @ SS: $860 (+$65,495 vs today)

Do-nothing baseline at SS: $-3,211 (this trade vs do-nothing: +$4,072, the opportunity cost of earning $500/mo FIGHT income now)

▸

33% normal

2 × $1070

17 Jul

15.0%

94%

13%

$1,060

$10,600

-$5,200

$34,022

Sell 2 × $1070 15.0% OTM over spot $930.83 17 Jul 2026 (3d, $5.50 mid)

= $1,060 credit for the 3d cycle → $10,600/mo projected

Survival (stays ≤ $1070)

94%

Breach risk

POP (stays ≤ $1075.50)

94%

EV / mo

+$7,989

📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.5 mo [0.7-2.8] median, 0.1 mo faster than no FIGHT (1.6 mo) · 69% of paths whole by 9 mo (vs 65% without) · ~3.4 challenges expected · median CC cash $20,706

🛡 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)

Flat exit net (mid-life)

-$5,910

Free roll-up

+$21/wk

Safest escape (by 31 Jul 2026)

$1,224 @ 83% POP

79% survival

Buyback gross: $49.27/sh now → $34.85 mid-life (likely $32.52–$55.35) → ≈ $0 at expiry | you banked $5.30/sh, so a flat mid-life exit nets -$29.55/sh | roll rows are incremental, the banked premium stays yours

📊 Across 223 simulated challenges: the $1,070 strike is typically first touched on day 2 of 3, at $1,100 (overshoots $29.64). 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 (2 ct)	POP / surv of new CC	If rolled & exited total P&L · cap gain @ new strike
Reliable up-and-out (highest cap still free ≥60%)	~$1,124	31 Jul 2026	16d left	+$23.84/sh	+$4,767 cycle +$5,827 [+$3,320…+$5,682] · 90% credit	73% surv 64%	-$18,554 NOT cap gain +$46,081
Roll out (same strike, buy time)	~$1,070	20 Jul 2026	4d left	+$7.80/sh	+$1,559 cycle +$2,619 [+$886…+$2,346] · 87% credit	69% surv 52%	-$33,041 NOT cap gain +$31,594
Up-and-out for even (raise the cap, free)	~$1,079	20 Jul 2026	4d left	+$3.06/sh	+$612 cycle +$1,672 [-$185…+$1,305] · 69% credit	70% surv 56%	-$32,079 NOT cap gain +$32,556
Max even-money escape in the band	~$1,204	31 Jul 2026	16d left	+$0.84/sh	+$167 cycle +$1,227 [-$2,077…+$850] · 46% credit	81% surv 76%	-$6,498 NOT cap gain +$58,137
SS $1,220 not reachable for even money within 45d; this is the ceiling of the free ladder
Safety roll (pay small debit, max POP)	~$1,224	31 Jul 2026	16d left	-$3.75/sh	-$749 cycle +$311 [-$3,199…-$102] · 22% credit	83% surv 79%	-$3,251 NOT cap gain +$61,384
budget: banked $1,060 debit $749 (71% used ≈ 0.3 wk of income) → whole cycle still +$311 cash · rolled 2 ct earn ≈ $11,663/mo while parked; 0 ct free to re-sell · clears SS ✓

More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stress

Income coverage

Gross FIGHT income	$10,600/mo
vs 50% target ($15,224/mo)	-30%
vs normal income ($30,448/mo)	35% covered
Net income (after hedge)	$10,204/mo

Downside budget

⚠ $1070 is $175 below CC-SS $1245.41: assignment on a recovery to whole locks the cap give-up below.

Cap give-up @ CC-SS (V-bounce)	-$34,022
… as % of IC ($50,000)	68.0%
… as % of ML ($198,000)	17.2%
Recovery months (at normal income)	1.1 mo
Surgical close (2 ct)	$-64,675

Tripwiresprice and time left decide together; the matrix is the playbook

The one rule: roll when the short call's remaining TIME VALUE < $1.32/sh (~25% of the $5.30 collected) or spot ≥ $1,075.50 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,070)); NOT the premium you collected. Momentum override: two daily closes above $1,225.61 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".

Spot \ Time	≥ 4d left	3d left	≤ 2d (expiry)
Below $1,059.30	Do nothing. Theta wins.	Do nothing.	Penny buyback at the close; re-sell next cycle.
Pressing the strike $1,059-1,075.50	Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.	★ Roll on strength NOW: cheap buyback, fat credits.	Close or roll same day; pin risk at the strike.
Through breakeven ≥ $1,075.50	Act now: intrinsic compounds daily. Up-and-out or safety roll.	Roll or close immediately; time value is gone.	Close today, or be assigned.

If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)

Scenario	Spot	CC leg net	Position total	vs today	vs do-nothing
at strike	$1,070.00 (1.7σ)	$1,060	$-34,600	+$30,035	+$50
+2.5%	$1,096.75 (2.0σ)	$-4,290	$-34,380	+$30,255	-$5,300
+5%	$1,123.50 (2.3σ)	$-9,640	$-34,161	+$30,474	-$10,650
SS (= V-bounce)	$1,220.00 (3.5σ)	$-28,940	$-33,370	+$31,265	-$29,950

V-BOUNCE STRESS (stock → CC-SS $1245.41, where you are whole again, by expiry)

Starting unrealized P&L: $-64,635

+ Fortress recovery (un-capped): +$65,495

− CC assignment net of premium (2 × $1070): -$34,022

Total Position P&L @ SS: $-33,161 (+$31,474 vs today)

Do-nothing baseline at SS: $-3,211 (this trade vs do-nothing: $-29,950, the opportunity cost of earning $10,600/mo FIGHT income now)

▸

🎯 50% normal

2 × $1045

17 Jul

12.3%

90%

13%

$1,580

$15,800

—

$38,502

Sell 2 × $1045 12.3% OTM over spot $930.83 17 Jul 2026 (3d, $8.23 mid)

= $1,580 credit for the 3d cycle → $15,800/mo projected

Survival (stays ≤ $1045)

90%

Breach risk

10%

POP (stays ≤ $1053.22)

91%

EV / mo

+$10,739

📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.2 mo [0.6-2.6] median · 71% of paths whole by 9 mo (vs 62% without) · ~5.0 challenges expected · median CC cash $23,182

🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it)

Challenge odds (touch by expiry)

13%

Flat exit net (mid-life)

-$5,227

Free roll-up

+$21/wk

Safest escape (by 31 Jul 2026)

$1,214 @ 84% POP

81% survival

Buyback gross: $48.12/sh now → $34.03 mid-life (likely $33.29–$62.91) → ≈ $0 at expiry | you banked $7.90/sh, so a flat mid-life exit nets -$26.13/sh | roll rows are incremental, the banked premium stays yours

📊 Across 397 simulated challenges: the $1,045 strike is typically first touched on day 2 of 3, at $1,078 (overshoots $32.89). 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 (2 ct)	POP / surv of new CC	If rolled & exited total P&L · cap gain @ new strike
Reliable up-and-out (highest cap still free ≥60%)	~$1,099	31 Jul 2026	16d left	+$23.73/sh	+$4,747 cycle +$6,327 [+$2,430…+$5,450] · 88% credit	73% surv 64%	-$23,260 NOT cap gain +$41,375
Roll out (same strike, buy time)	~$1,045	20 Jul 2026	4d left	+$8.14/sh	+$1,629 cycle +$3,209 [+$623…+$2,287] · 85% credit	69% surv 52%	-$37,656 NOT cap gain +$26,979
Up-and-out for even (raise the cap, free)	~$1,054	20 Jul 2026	4d left	+$3.41/sh	+$683 cycle +$2,263 [-$669…+$1,219] · 57% credit	70% surv 56%	-$36,693 NOT cap gain +$27,942
Max even-money escape in the band	~$1,179	31 Jul 2026	16d left	+$0.89/sh	+$177 cycle +$1,757 [-$3,269…+$580] · 35% credit	81% surv 77%	-$11,173 NOT cap gain +$53,462
SS $1,220 not reachable for even money within 45d; this is the ceiling of the free ladder
Safety roll (pay small debit, max POP)	~$1,214	31 Jul 2026	16d left	-$6.49/sh	-$1,298 cycle +$282 [-$5,189…-$977] · 10% credit	84% surv 81%	-$5,362 NOT cap gain +$59,273
budget: banked $1,580 debit $1,298 (82% used ≈ 0.4 wk of income) → whole cycle still +$282 cash · rolled 2 ct earn ≈ $10,328/mo while parked; 0 ct free to re-sell

More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stress

Income coverage

Gross FIGHT income	$15,800/mo
vs 50% target ($15,224/mo)	+4%
vs normal income ($30,448/mo)	52% covered
Net income (after hedge)	$15,404/mo

Downside budget

⚠ $1045 is $200 below CC-SS $1245.41: assignment on a recovery to whole locks the cap give-up below.

Cap give-up @ CC-SS (V-bounce)	-$38,502
… as % of IC ($50,000)	77.0%
… as % of ML ($198,000)	19.4%
Recovery months (at normal income)	1.3 mo
Surgical close (2 ct)	$-64,700

Tripwiresprice and time left decide together; the matrix is the playbook

The one rule: roll when the short call's remaining TIME VALUE < $1.98/sh (~25% of the $7.90 collected) or spot ≥ $1,053.22 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,045)); NOT the premium you collected. Momentum override: two daily closes above $1,225.61 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".

Spot \ Time	≥ 4d left	3d left	≤ 2d (expiry)
Below $1,034.55	Do nothing. Theta wins.	Do nothing.	Penny buyback at the close; re-sell next cycle.
Pressing the strike $1,035-1,053.22	Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.	★ Roll on strength NOW: cheap buyback, fat credits.	Close or roll same day; pin risk at the strike.
Through breakeven ≥ $1,053.22	Act now: intrinsic compounds daily. Up-and-out or safety roll.	Roll or close immediately; time value is gone.	Close today, or be assigned.

If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)

Scenario	Spot	CC leg net	Position total	vs today	vs do-nothing
at strike	$1,045.00 (1.4σ)	$1,580	$-39,285	+$25,350	+$570
+2.5%	$1,071.12 (1.7σ)	$-3,645	$-39,071	+$25,564	-$4,655
+5%	$1,097.25 (2.0σ)	$-8,870	$-38,856	+$25,779	-$9,880
SS (= V-bounce)	$1,220.00 (3.5σ)	$-33,420	$-37,850	+$26,785	-$34,430

V-BOUNCE STRESS (stock → CC-SS $1245.41, where you are whole again, by expiry)

Starting unrealized P&L: $-64,635

+ Fortress recovery (un-capped): +$65,495

− CC assignment net of premium (2 × $1045): -$38,502

Total Position P&L @ SS: $-37,641 (+$26,994 vs today)

Do-nothing baseline at SS: $-3,211 (this trade vs do-nothing: $-34,430, the opportunity cost of earning $15,800/mo FIGHT income now)

▸

100% normal

2 × $995

17 Jul

6.9%

78%

44%

$3,570

$35,700

+$19,900

$46,512

Sell 2 × $995 6.9% OTM over spot $930.83 17 Jul 2026 (3d, $18.10 mid)

= $3,570 credit for the 3d cycle → $35,700/mo projected

Survival (stays ≤ $995)

78%

Breach risk

22%

POP (stays ≤ $1013.10)

84%

EV / mo

+$20,214

📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.4 mo [0.7-2.5] median, 0.2 mo faster than no FIGHT (1.5 mo) · 84% of paths whole by 9 mo (vs 69% without) · ~9.4 challenges expected · median CC cash $33,365

🛡 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)

-$2,911

Free roll-up

+$45/wk

Safest escape (by 31 Jul 2026)

$1,234 @ 89% POP

88% survival

Buyback gross: $45.82/sh now → $32.41 mid-life (likely $37.58–$63.24) → ≈ $0 at expiry | you banked $17.85/sh, so a flat mid-life exit nets -$14.56/sh | roll rows are incremental, the banked premium stays yours

📊 Across 966 simulated challenges: the $995 strike is typically first touched on day 2 of 3, at $1,025 (overshoots $30.19). 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 (2 ct)	POP / surv of new CC	If rolled & exited total P&L · cap gain @ new strike
Reliable up-and-out (highest cap still free ≥60%)	~$1,049	31 Jul 2026	16d left	+$23.40/sh	+$4,681 cycle +$8,251 [+$1,956…+$4,732] · 90% credit	73% surv 64%	-$31,746 NOT cap gain +$32,889
Roll out (same strike, buy time)	~$995	20 Jul 2026	4d left	+$8.76/sh	+$1,752 cycle +$5,322 [+$493…+$2,087] · 85% credit	69% surv 52%	-$45,953 NOT cap gain +$18,682
Up-and-out for even (raise the cap, free)	~$1,014	20 Jul 2026	4d left	+$0.13/sh	+$26 cycle +$3,596 [-$1,795…+$75] · 26% credit	73% surv 60%	-$43,687 NOT cap gain +$20,948
Max even-money escape in the band	~$1,129	31 Jul 2026	16d left	+$0.88/sh	+$177 cycle +$3,747 [-$3,543…-$196] · 23% credit	81% surv 77%	-$19,594 NOT cap gain +$45,041
SS $1,220 not reachable for even money within 45d; this is the ceiling of the free ladder
Safety roll (pay small debit, max POP)	~$1,234	31 Jul 2026	16d left	-$16.98/sh	-$3,397 cycle +$173 [-$8,245…-$4,169]	89% surv 88%	-$1,307 NOT cap gain +$63,328
budget: banked $3,570 debit $3,397 (95% used ≈ 0.4 wk of income) → whole cycle still +$173 cash · rolled 2 ct earn ≈ $5,783/mo while parked; 0 ct free to re-sell · clears SS ✓

More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stress

Income coverage

Gross FIGHT income	$35,700/mo
vs 50% target ($15,224/mo)	+135%
vs normal income ($30,448/mo)	117% covered
Net income (after hedge)	$35,304/mo

Downside budget

⚠ $995 is $250 below CC-SS $1245.41: assignment on a recovery to whole locks the cap give-up below.

Cap give-up @ CC-SS (V-bounce)	-$46,512
… as % of IC ($50,000)	93.0%
… as % of ML ($198,000)	23.5%
Recovery months (at normal income)	1.5 mo
Surgical close (2 ct)	$-64,685

Tripwiresprice and time left decide together; the matrix is the playbook

The one rule: roll when the short call's remaining TIME VALUE < $4.46/sh (~25% of the $17.85 collected) or spot ≥ $1,013.10 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $995)); NOT the premium you collected. Momentum override: two daily closes above $1,225.61 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".

Spot \ Time	≥ 4d left	3d left	≤ 2d (expiry)
Below $985.05	Do nothing. Theta wins.	Do nothing.	Penny buyback at the close; re-sell next cycle.
Pressing the strike $985-1,013.10	Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.	★ Roll on strength NOW: cheap buyback, fat credits.	Close or roll same day; pin risk at the strike.
Through breakeven ≥ $1,013.10	Act now: intrinsic compounds daily. Up-and-out or safety roll.	Roll or close immediately; time value is gone.	Close today, or be assigned.

If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)

Scenario	Spot	CC leg net	Position total	vs today	vs do-nothing
at strike	$995.00 (≤1σ, normal week)	$3,570	$-47,705	+$16,930	+$2,560
+2.5%	$1,019.87 (1.1σ)	$-1,405	$-47,501	+$17,134	-$2,415
+5%	$1,044.75 (1.4σ)	$-6,380	$-47,297	+$17,338	-$7,390
SS (= V-bounce)	$1,220.00 (3.5σ)	$-41,430	$-45,860	+$18,775	-$42,440

V-BOUNCE STRESS (stock → CC-SS $1245.41, where you are whole again, by expiry)

Starting unrealized P&L: $-64,635

+ Fortress recovery (un-capped): +$65,495

− CC assignment net of premium (2 × $995): -$46,512

Total Position P&L @ SS: $-45,651 (+$18,984 vs today)

Do-nothing baseline at SS: $-3,211 (this trade vs do-nothing: $-42,440, the opportunity cost of earning $35,700/mo FIGHT income now)

A nudge, not a rule: the engine maximizes income at acceptable safety; this weighs the income you would give up against the breach risk you would shed. Your hedge bleed and your read on MU are the tiebreakers.

📅 NEXT FRIDAY · 24 Jul 2026 · 10d · E[net] $3,440/mo

🎯 Engine pick: sell 2 × $1045 (primary), 78% survival, breach 22%, $15,510/mo.
⚖️ Worth a safer step: the $1090 rung (33% normal) lifts survival to 85% (breach 22% → 15%) for $5,220/mo less (34% income), and it still covers your hedge. The pick sits below the ~80% (≈1σ) comfort line; on a drawdown you are nursing back, dodging the frequent breach usually beats the extra premium. Lean: the safer $1090 rung, unless you need the income to cover the hedge bleed, or you expect MU to stay flat-to-down near term.

MU spot $930.83 · click a rung to expand its decision panel

Rung

Sell

Expiry

DTE

OTM

Survival

Touch odds

Per cycle

Income/mo

Δ vs pick

Cap give-up

▸

cover hedge

1 × $1275

24 Jul

10d

37.0%

97%

$258

$774

-$14,736

Sell 1 × $1275 37.0% OTM over spot $930.83 24 Jul 2026 (10d, $3.09 mid)

= $258 credit for the 10d cycle → $774/mo projected

Survival (stays ≤ $1275)

97%

Breach risk

POP (stays ≤ $1278.09)

97%

EV / mo

+$513

📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.4 mo [0.7-3.3] median, 0.1 mo faster than no FIGHT (1.5 mo) · 64% of paths whole by 9 mo (vs 64% without) · ~0.4 challenges expected · median CC cash $6,563

🛡 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)

Flat exit net (mid-life)

-$6,340

Free roll-up

none

Safest escape (by 31 Jul 2026)

$1,304 @ 71% POP

59% 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 5 of 10); earlier = worse credits, later = better, through the strike = add intrinsic

Buyback gross: $93.25/sh now → $65.98 mid-life (likely $52.24–$85.52) → ≈ $0 at expiry | you banked $2.58/sh, so a flat mid-life exit nets -$63.40/sh | roll rows are incremental, the banked premium stays yours

📊 Across 133 simulated challenges: the $1,275 strike is typically first touched on day 8 of 10, at $1,319 (overshoots $43.96). 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 (1 ct)	POP / surv of new CC	If rolled & exited total P&L · cap gain @ new strike
Max even-money escape in the band	~$1,299	31 Jul 2026	12d left	+$0.54/sh	+$54 cycle +$312 [-$120…+$1,403] · 68% credit	70% surv 58%	+$4,954 SAFE cap gain +$69,589
Reliable up-and-out (highest cap still free ≥60%)	~$1,304	31 Jul 2026	12d left	-$0.16/sh	-$16 cycle +$242 [-$205…+$1,297] · 65% credit	71% surv 59%	+$5,424 SAFE cap gain +$70,059
Roll out (same strike, buy time)	~$1,275	27 Jul 2026	8d left	-$5.24/sh	-$524 cycle -$266 [-$569…+$624] · 51% credit	67% surv 52%	+$1,760 SAFE cap gain +$66,395

More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stress

Income coverage

Gross FIGHT income	$774/mo
vs 50% target ($15,224/mo)	-95%
vs normal income ($30,448/mo)	3% covered
Net income (after hedge)	$1,893/mo

Downside budget

✓ $1275 is at/above CC-SS $1245.41: assignment is break-even or better.

Cap give-up @ CC-SS (V-bounce)	-$0
… as % of IC ($50,000)	0.0%
… as % of ML ($198,000)	0.0%
Recovery months (at normal income)	0.0 mo
Surgical close (1 ct)	$-32,369

Tripwiresprice and time left decide together; the matrix is the playbook

The one rule: roll when the short call's remaining TIME VALUE < $0.65/sh (~25% of the $2.58 collected) or spot ≥ $1,278.09 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,275)); NOT the premium you collected. Momentum override: two daily closes above $1,225.61 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".

Spot \ Time	≥ 6d left	3-5d left	≤ 2d (expiry)
Below $1,262.25	Do nothing. Theta wins.	Do nothing.	Penny buyback at the close; re-sell next cycle.
Pressing the strike $1,262-1,278.09	Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.	★ Roll on strength NOW: cheap buyback, fat credits.	Close or roll same day; pin risk at the strike.
Through breakeven ≥ $1,278.09	Act now: intrinsic compounds daily. Up-and-out or safety roll.	Roll or close immediately; time value is gone.	Close today, or be assigned.

If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)

Scenario	Spot	CC leg net	Position total	vs today	vs do-nothing
at strike	$1,275.00 (2.3σ)	$258	$2,284	+$66,919	+$5,253
+2.5%	$1,306.88 (2.5σ)	$-2,930	$2,546	+$67,181	+$5,253
+5%	$1,338.75 (2.7σ)	$-6,117	$2,807	+$67,442	+$5,253

V-BOUNCE STRESS (stock → CC-SS $1245.41, where you are whole again, by expiry)

Starting unrealized P&L: $-64,635

+ Fortress recovery (un-capped): +$65,495

− CC assignment net of premium (1 × $1275): -$0

− Conservative CC assignment net of premium (1 × $1220): -$2,036

Total Position P&L @ SS: $-1,176 (+$63,459 vs today)

Do-nothing baseline at SS: $-3,211 (this trade vs do-nothing: +$2,036, the opportunity cost of earning $774/mo FIGHT income now)

▸

🛡 safe yield

2 × $1140

24 Jul

10d

22.5%

90%

20%

$2,180

$6,540

-$8,970

$18,902

Sell 2 × $1140 22.5% OTM over spot $930.83 24 Jul 2026 (10d, $11.38 mid)

= $2,180 credit for the 10d cycle → $6,540/mo projected

Survival (stays ≤ $1140)

90%

Breach risk

10%

POP (stays ≤ $1151.38)

91%

EV / mo

+$3,618

📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.3 mo [0.6-2.6] median · 63% of paths whole by 9 mo (vs 63% without) · ~2.0 challenges expected · median CC cash $13,491

🛡 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)

16%

Flat exit net (mid-life)

-$9,619

Free roll-up

none

Safest escape (by 31 Jul 2026)

$1,204 @ 75% POP

66% survival

Roll menuyour doors if the call gets challenged; each row = buy back the 2 calls + sell the new ones, one order. Prices assume the central case (day 5 of 10); earlier = worse credits, later = better, through the strike = add intrinsic

Buyback gross: $83.38/sh now → $58.99 mid-life (likely $51.09–$85.01) → ≈ $0 at expiry | you banked $10.90/sh, so a flat mid-life exit nets -$48.09/sh | roll rows are incremental, the banked premium stays yours

📊 Across 492 simulated challenges: the $1,140 strike is typically first touched on day 7 of 10, at $1,176 (overshoots $35.91). 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.

Move	New strike ≈	New expiry	Tenor	Est net	Total (2 ct)	POP / surv of new CC	If rolled & exited total P&L · cap gain @ new strike
Reliable up-and-out (highest cap still free ≥60%)	~$1,169	31 Jul 2026	12d left	+$3.44/sh	+$689 cycle +$2,869 [-$534…+$2,272] · 65% credit	71% surv 59%	-$12,144 NOT cap gain +$52,491
Max even-money escape in the band	~$1,174	31 Jul 2026	12d left	+$0.63/sh	+$126 cycle +$2,306 [-$1,248…+$1,653] · 48% credit	72% surv 60%	-$11,666 NOT cap gain +$52,969
SS $1,220 not reachable for even money within 45d; this is the ceiling of the free ladder
Roll out (same strike, buy time)	~$1,140	27 Jul 2026	8d left	-$0.95/sh	-$190 cycle +$1,990 [-$1,034…+$1,221] · 47% credit	67% surv 53%	-$19,096 NOT cap gain +$45,539
Safety roll (pay small debit, max POP)	~$1,204	31 Jul 2026	12d left	-$10.18/sh	-$2,037 cycle +$143 [-$3,797…-$748] · 15% credit	75% surv 66%	-$7,582 NOT cap gain +$57,053
budget: banked $2,180 debit $2,037 (93% used ≈ 1.4 wk of income) → whole cycle still +$143 cash · rolled 2 ct earn ≈ $24,405/mo while parked; 0 ct free to re-sell

More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stress

Income coverage

Gross FIGHT income	$6,540/mo
vs 50% target ($15,224/mo)	-57%
vs normal income ($30,448/mo)	21% covered
Net income (after hedge)	$6,144/mo

Downside budget

⚠ $1140 is $105 below CC-SS $1245.41: assignment on a recovery to whole locks the cap give-up below.

Cap give-up @ CC-SS (V-bounce)	-$18,902
… as % of IC ($50,000)	37.8%
… as % of ML ($198,000)	9.5%
Recovery months (at normal income)	0.6 mo
Surgical close (2 ct)	$-64,730

Tripwiresprice and time left decide together; the matrix is the playbook

The one rule: roll when the short call's remaining TIME VALUE < $2.73/sh (~25% of the $10.90 collected) or spot ≥ $1,151.38 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,140)); NOT the premium you collected. Momentum override: two daily closes above $1,225.61 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".

Spot \ Time	≥ 6d left	3-5d left	≤ 2d (expiry)
Below $1,128.60	Do nothing. Theta wins.	Do nothing.	Penny buyback at the close; re-sell next cycle.
Pressing the strike $1,129-1,151.38	Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.	★ Roll on strength NOW: cheap buyback, fat credits.	Close or roll same day; pin risk at the strike.
Through breakeven ≥ $1,151.38	Act now: intrinsic compounds daily. Up-and-out or safety roll.	Roll or close immediately; time value is gone.	Close today, or be assigned.

If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)

Scenario	Spot	CC leg net	Position total	vs today	vs do-nothing
at strike	$1,140.00 (1.4σ)	$2,180	$-18,906	+$45,729	+$1,170
+2.5%	$1,168.50 (1.6σ)	$-3,520	$-18,672	+$45,963	-$4,530
+5%	$1,197.00 (1.7σ)	$-9,220	$-18,438	+$46,197	-$10,230
SS (= V-bounce)	$1,220.00 (1.9σ)	$-13,820	$-18,250	+$46,385	-$14,830

V-BOUNCE STRESS (stock → CC-SS $1245.41, where you are whole again, by expiry)

Starting unrealized P&L: $-64,635

+ Fortress recovery (un-capped): +$65,495

− CC assignment net of premium (2 × $1140): -$18,902

Total Position P&L @ SS: $-18,041 (+$46,594 vs today)

Do-nothing baseline at SS: $-3,211 (this trade vs do-nothing: $-14,830, the opportunity cost of earning $6,540/mo FIGHT income now)

▸

33% normal ← lean

2 × $1090

24 Jul

10d

17.1%

85%

31%

$3,430

$10,290

-$5,220

$27,652

Sell 2 × $1090 17.1% OTM over spot $930.83 24 Jul 2026 (10d, $18.00 mid)

= $3,430 credit for the 10d cycle → $10,290/mo projected

Survival (stays ≤ $1090)

85%

Breach risk

15%

POP (stays ≤ $1108.00)

87%

EV / mo

+$4,769

📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.3 mo [0.7-3.1] median, 0.1 mo faster than no FIGHT (1.4 mo) · 66% of paths whole by 9 mo (vs 62% without) · ~3.2 challenges expected · median CC cash $19,253

🛡 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)

24%

Flat exit net (mid-life)

-$7,851

Free roll-up

none

Safest escape (by 31 Jul 2026)

$1,174 @ 77% POP

70% survival

Buyback gross: $79.72/sh now → $56.41 mid-life (likely $55.01–$84.58) → ≈ $0 at expiry | you banked $17.15/sh, so a flat mid-life exit nets -$39.26/sh | roll rows are incremental, the banked premium stays yours

📊 Across 723 simulated challenges: the $1,090 strike is typically first touched on day 6 of 10, at $1,124 (overshoots $34.32). 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 (2 ct)	POP / surv of new CC	If rolled & exited total P&L · cap gain @ new strike
Reliable up-and-out (highest cap still free ≥60%)	~$1,119	31 Jul 2026	12d left	+$4.49/sh	+$898 cycle +$4,328 [-$585…+$1,789] · 61% credit	71% surv 60%	-$21,094 NOT cap gain +$43,541
Roll out (same strike, buy time)	~$1,090	27 Jul 2026	8d left	+$0.41/sh	+$82 cycle +$3,512 [-$1,013…+$921] · 42% credit	67% surv 53%	-$27,984 NOT cap gain +$36,651
Max even-money escape in the band	~$1,129	31 Jul 2026	12d left	+$0.18/sh	+$37 cycle +$3,467 [-$1,604…+$815] · 36% credit	72% surv 62%	-$19,874 NOT cap gain +$44,761
SS $1,220 not reachable for even money within 45d; this is the ceiling of the free ladder
Safety roll (pay small debit, max POP)	~$1,174	31 Jul 2026	12d left	-$16.66/sh	-$3,332 cycle +$98 [-$5,752…-$2,969] · 6% credit	77% surv 70%	-$13,873 NOT cap gain +$50,762
budget: banked $3,430 debit $3,332 (97% used ≈ 1.4 wk of income) → whole cycle still +$98 cash · rolled 2 ct earn ≈ $19,874/mo while parked; 0 ct free to re-sell

More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stress

Income coverage

Gross FIGHT income	$10,290/mo
vs 50% target ($15,224/mo)	-32%
vs normal income ($30,448/mo)	34% covered
Net income (after hedge)	$9,894/mo

Downside budget

⚠ $1090 is $155 below CC-SS $1245.41: assignment on a recovery to whole locks the cap give-up below.

Cap give-up @ CC-SS (V-bounce)	-$27,652
… as % of IC ($50,000)	55.3%
… as % of ML ($198,000)	14.0%
Recovery months (at normal income)	0.9 mo
Surgical close (2 ct)	$-64,805

Tripwiresprice and time left decide together; the matrix is the playbook

The one rule: roll when the short call's remaining TIME VALUE < $4.29/sh (~25% of the $17.15 collected) or spot ≥ $1,108.00 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,090)); NOT the premium you collected. Momentum override: two daily closes above $1,225.61 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".

Spot \ Time	≥ 6d left	3-5d left	≤ 2d (expiry)
Below $1,079.10	Do nothing. Theta wins.	Do nothing.	Penny buyback at the close; re-sell next cycle.
Pressing the strike $1,079-1,108.00	Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.	★ Roll on strength NOW: cheap buyback, fat credits.	Close or roll same day; pin risk at the strike.
Through breakeven ≥ $1,108.00	Act now: intrinsic compounds daily. Up-and-out or safety roll.	Roll or close immediately; time value is gone.	Close today, or be assigned.

If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)

Scenario	Spot	CC leg net	Position total	vs today	vs do-nothing
at strike	$1,090.00 (1.0σ)	$3,430	$-28,066	+$36,569	+$2,420
+2.5%	$1,117.25 (1.2σ)	$-2,020	$-27,842	+$36,793	-$3,030
+5%	$1,144.50 (1.4σ)	$-7,470	$-27,619	+$37,016	-$8,480
SS (= V-bounce)	$1,220.00 (1.9σ)	$-22,570	$-27,000	+$37,635	-$23,580

V-BOUNCE STRESS (stock → CC-SS $1245.41, where you are whole again, by expiry)

Starting unrealized P&L: $-64,635

+ Fortress recovery (un-capped): +$65,495

− CC assignment net of premium (2 × $1090): -$27,652

Total Position P&L @ SS: $-26,791 (+$37,844 vs today)

Do-nothing baseline at SS: $-3,211 (this trade vs do-nothing: $-23,580, the opportunity cost of earning $10,290/mo FIGHT income now)

▸

🎯 50% normal

2 × $1045

24 Jul

10d

12.3%

78%

37%

$5,170

$15,510

—

$34,912

Sell 2 × $1045 12.3% OTM over spot $930.83 24 Jul 2026 (10d, $26.68 mid)

= $5,170 credit for the 10d cycle → $15,510/mo projected

Survival (stays ≤ $1045)

78%

Breach risk

22%

POP (stays ≤ $1071.67)

83%

EV / mo

+$5,950

📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.4 mo [0.6-3.2] median · 70% of paths whole by 9 mo (vs 62% without) · ~4.8 challenges expected · median CC cash $24,859

🛡 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)

37%

Flat exit net (mid-life)

-$5,645

Free roll-up

none

Safest escape (by 31 Jul 2026)

$1,169 @ 82% POP

77% survival

Buyback gross: $76.43/sh now → $54.08 mid-life (likely $59.68–$88.82) → ≈ $0 at expiry | you banked $25.85/sh, so a flat mid-life exit nets -$28.23/sh | roll rows are incremental, the banked premium stays yours

📊 Across 1,116 simulated challenges: the $1,045 strike is typically first touched on day 5 of 10, at $1,079 (overshoots $34.10). 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 (2 ct)	POP / surv of new CC	If rolled & exited total P&L · cap gain @ new strike
Reliable up-and-out (highest cap still free ≥60%)	~$1,067	31 Jul 2026	12d left	+$7.15/sh	+$1,431 cycle +$6,601 [-$340…+$1,501] · 64% credit	70% surv 58%	-$29,752 NOT cap gain +$34,883
Roll out (same strike, buy time)	~$1,045	27 Jul 2026	8d left	+$1.53/sh	+$307 cycle +$5,477 [-$1,069…+$436] · 35% credit	67% surv 53%	-$35,388 NOT cap gain +$29,247
Max even-money escape in the band	~$1,084	31 Jul 2026	12d left	+$1.02/sh	+$205 cycle +$5,375 [-$1,776…+$151] · 28% credit	72% surv 62%	-$27,335 NOT cap gain +$37,300
SS $1,220 not reachable for even money within 45d; this is the ceiling of the free ladder
Safety roll (pay small debit, max POP)	~$1,169	31 Jul 2026	12d left	-$25.23/sh	-$5,047 cycle +$123 [-$8,629…-$5,673]	82% surv 77%	-$14,889 NOT cap gain +$49,746
budget: banked $5,170 debit $5,047 (98% used ≈ 1.4 wk of income) → whole cycle still +$123 cash · rolled 2 ct earn ≈ $14,422/mo while parked; 0 ct free to re-sell

More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stress

Income coverage

Gross FIGHT income	$15,510/mo
vs 50% target ($15,224/mo)	+2%
vs normal income ($30,448/mo)	51% covered
Net income (after hedge)	$15,114/mo

Downside budget

⚠ $1045 is $200 below CC-SS $1245.41: assignment on a recovery to whole locks the cap give-up below.

Cap give-up @ CC-SS (V-bounce)	-$34,912
… as % of IC ($50,000)	69.8%
… as % of ML ($198,000)	17.6%
Recovery months (at normal income)	1.1 mo
Surgical close (2 ct)	$-64,800

Tripwiresprice and time left decide together; the matrix is the playbook

The one rule: roll when the short call's remaining TIME VALUE < $6.46/sh (~25% of the $25.85 collected) or spot ≥ $1,071.67 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,045)); NOT the premium you collected. Momentum override: two daily closes above $1,225.61 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".

Spot \ Time	≥ 6d left	3-5d left	≤ 2d (expiry)
Below $1,034.55	Do nothing. Theta wins.	Do nothing.	Penny buyback at the close; re-sell next cycle.
Pressing the strike $1,035-1,071.67	Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.	★ Roll on strength NOW: cheap buyback, fat credits.	Close or roll same day; pin risk at the strike.
Through breakeven ≥ $1,071.67	Act now: intrinsic compounds daily. Up-and-out or safety roll.	Roll or close immediately; time value is gone.	Close today, or be assigned.

If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)

Scenario	Spot	CC leg net	Position total	vs today	vs do-nothing
at strike	$1,045.00 (≤1σ, normal week)	$5,170	$-35,695	+$28,940	+$4,160
+2.5%	$1,071.12 (≤1σ, normal week)	$-55	$-35,481	+$29,154	-$1,065
+5%	$1,097.25 (1.1σ)	$-5,280	$-35,266	+$29,369	-$6,290
SS (= V-bounce)	$1,220.00 (1.9σ)	$-29,830	$-34,260	+$30,375	-$30,840

V-BOUNCE STRESS (stock → CC-SS $1245.41, where you are whole again, by expiry)

Starting unrealized P&L: $-64,635

+ Fortress recovery (un-capped): +$65,495

− CC assignment net of premium (2 × $1045): -$34,912

Total Position P&L @ SS: $-34,051 (+$30,584 vs today)

Do-nothing baseline at SS: $-3,211 (this trade vs do-nothing: $-30,840, the opportunity cost of earning $15,510/mo FIGHT income now)

▸

100% normal

2 × $960

24 Jul

10d

3.1%

61%

84%

$10,220

$30,660

+$15,150

$46,862

Sell 2 × $960 3.1% OTM over spot $930.83 24 Jul 2026 (10d, $53.15 mid)

= $10,220 credit for the 10d cycle → $30,660/mo projected

Survival (stays ≤ $960)

61%

Breach risk

39%

POP (stays ≤ $1013.15)

72%

EV / mo

+$6,394

📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.2 mo [0.6-3.0] median, 0.2 mo faster than no FIGHT (1.3 mo) · 79% of paths whole by 9 mo (vs 65% without) · ~11.8 challenges expected · median CC cash $25,869

🛡 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)

70%

Flat exit net (mid-life)

+$284

Free roll-up

+$10/wk

Safest escape (by 31 Jul 2026)

$1,179 @ 91% POP

90% survival

Buyback gross: $70.21/sh now → $49.68 mid-life (likely $66.93–$89.98) → ≈ $0 at expiry | you banked $51.10/sh, so a flat mid-life exit nets +$1.42/sh | roll rows are incremental, the banked premium stays yours

📊 Across 2,086 simulated challenges: the $960 strike is typically first touched on day 3 of 10, at $992 (overshoots $32.48). 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 (2 ct)	POP / surv of new CC	If rolled & exited total P&L · cap gain @ new strike
Reliable up-and-out (highest cap still free ≥60%)	~$979	31 Jul 2026	12d left	+$10.60/sh	+$2,120 cycle +$12,340 [+$107…+$1,118] · 78% credit	70% surv 58%	-$42,231 NOT cap gain +$22,404
Roll out (same strike, buy time)	~$960	27 Jul 2026	8d left	+$3.39/sh	+$678 cycle +$10,898 [-$1,012…-$131] · 22% credit	67% surv 53%	-$47,664 NOT cap gain +$16,971
Max even-money escape in the band	~$999	31 Jul 2026	12d left	+$2.28/sh	+$455 cycle +$10,675 [-$1,913…-$658] · 14% credit	73% surv 62%	-$39,732 NOT cap gain +$24,903
SS $1,220 not reachable for even money within 45d; this is the ceiling of the free ladder
Up-and-out for even (raise the cap, free)	~$964	27 Jul 2026	8d left	+$1.36/sh	+$272 cycle +$10,492 [-$1,521…-$571] · 13% credit	68% surv 54%	-$47,202 NOT cap gain +$17,433
Safety roll (pay small debit, max POP)	~$1,179	31 Jul 2026	12d left	-$37.83/sh	-$7,566 cycle +$2,654 [-$13,056…-$9,769]	91% surv 90%	-$10,277 NOT cap gain +$54,358
budget: banked $10,220 debit $7,566 (74% used ≈ 1.1 wk of income) → whole cycle still +$2,654 cash · rolled 2 ct earn ≈ $5,924/mo while parked; 0 ct free to re-sell

More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stress

Income coverage

Gross FIGHT income	$30,660/mo
vs 50% target ($15,224/mo)	+101%
vs normal income ($30,448/mo)	101% covered
Net income (after hedge)	$30,264/mo

Downside budget

⚠ $960 is $285 below CC-SS $1245.41: assignment on a recovery to whole locks the cap give-up below.

Cap give-up @ CC-SS (V-bounce)	-$46,862
… as % of IC ($50,000)	93.7%
… as % of ML ($198,000)	23.7%
Recovery months (at normal income)	1.5 mo
Surgical close (2 ct)	$-65,045

Tripwiresprice and time left decide together; the matrix is the playbook

The one rule: roll when the short call's remaining TIME VALUE < $12.78/sh (~25% of the $51.10 collected) or spot ≥ $1,013.15 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $960)); NOT the premium you collected. Momentum override: two daily closes above $1,225.61 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".

Spot \ Time	≥ 6d left	3-5d left	≤ 2d (expiry)
Below $950.40	Do nothing. Theta wins.	Do nothing.	Penny buyback at the close; re-sell next cycle.
Pressing the strike $950-1,013.15	Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.	★ Roll on strength NOW: cheap buyback, fat credits.	Close or roll same day; pin risk at the strike.
Through breakeven ≥ $1,013.15	Act now: intrinsic compounds daily. Up-and-out or safety roll.	Roll or close immediately; time value is gone.	Close today, or be assigned.

If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)

Scenario	Spot	CC leg net	Position total	vs today	vs do-nothing
at strike	$960.00 (≤1σ, normal week)	$10,220	$-48,342	+$16,293	+$9,210
+2.5%	$984.00 (≤1σ, normal week)	$5,420	$-48,145	+$16,490	+$4,410
+5%	$1,008.00 (≤1σ, normal week)	$620	$-47,948	+$16,687	-$390
SS (= V-bounce)	$1,220.00 (1.9σ)	$-41,780	$-46,210	+$18,425	-$42,790

V-BOUNCE STRESS (stock → CC-SS $1245.41, where you are whole again, by expiry)

Starting unrealized P&L: $-64,635

+ Fortress recovery (un-capped): +$65,495

− CC assignment net of premium (2 × $960): -$46,862

Total Position P&L @ SS: $-46,001 (+$18,634 vs today)

Do-nothing baseline at SS: $-3,211 (this trade vs do-nothing: $-42,790, the opportunity cost of earning $30,660/mo FIGHT income now)

⚔ FIGHT CC options · full candidate scan (152 clear the floor), click to expand

Every eligible strike x expiry in the 3-45 DTE band (6 expiries scanned, 152 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: 1.041 (IBKR) | Recovery@SS: +$65,495 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-3,211

Strike	DTE	Expiry	Bid	Sell	Income/mo	Net/mo	Survival	POP (mid)	EV/mo	Cap Give-up @ CC-SS	%IC	Total P&L @ SS
$1045	3d	17 Jul 2026	$7.90	2/2	$15,800	$15,404	90%	91%	+$10,739	-$38,502	77.0%	$-37,641 (vs do-nothing $-34,430)
$1040	3d	17 Jul 2026	$8.65	2/2	$17,300	$16,904	89%	91%	+$11,539	-$39,352	78.7%	$-38,491 (vs do-nothing $-35,280)
$1035	3d	17 Jul 2026	$9.75	2/2	$19,500	$19,104	88%	90%	+$12,950	-$40,132	80.3%	$-39,271 (vs do-nothing $-36,060)
$1030	3d	17 Jul 2026	$10.25	2/2	$20,500	$20,104	88%	90%	+$14,067	-$41,032	82.1%	$-40,171 (vs do-nothing $-36,960)
$1025	3d	17 Jul 2026	$11.00	2/2	$22,000	$21,604	86%	88%	+$13,567	-$41,882	83.8%	$-41,021 (vs do-nothing $-37,810)
$1015	3d	17 Jul 2026	$12.95	2/2	$25,900	$25,504	84%	88%	+$16,387	-$43,492	87.0%	$-42,631 (vs do-nothing $-39,420)
$1010	3d	17 Jul 2026	$14.00	2/2	$28,000	$27,604	83%	87%	+$17,215	-$44,282	88.6%	$-43,421 (vs do-nothing $-40,210)
$1005	3d	17 Jul 2026	$15.15	2/2	$30,300	$29,904	82%	86%	+$18,103	-$45,052	90.1%	$-44,191 (vs do-nothing $-40,980)
$1015	6d	20 Jul 2026	$15.40	2/2	$15,400	$15,004	79%	83%	+$5,738	-$43,002	86.0%	$-42,141 (vs do-nothing $-38,930)
$995	3d	17 Jul 2026	$17.85	1/2	$17,850	$18,969	78%	84%	+$10,107	-$23,256	46.5%	$-24,431 (vs do-nothing $-21,220)
$1045	10d	24 Jul 2026	$25.85	2/2	$15,510	$15,114	78%	83%	+$5,950	-$34,912	69.8%	$-34,051 (vs do-nothing $-30,840)
$1010	6d	20 Jul 2026	$16.75	2/2	$16,750	$16,354	78%	82%	+$6,196	-$43,732	87.5%	$-42,871 (vs do-nothing $-39,660)
$1040	10d	24 Jul 2026	$27.00	2/2	$16,200	$15,804	77%	82%	+$6,058	-$35,682	71.4%	$-34,821 (vs do-nothing $-31,610)

Show 139 more candidates (lower strikes: more income, lower survival)

Showing the 60 next-safest rows of 139.

Strike	DTE	Expiry	Bid	Sell	Income/mo	Net/mo	Survival	POP (mid)	EV/mo	Cap Give-up @ CC-SS	%IC	Total P&L @ SS
$1025	8d	22 Jul 2026	$20.30	2/2	$15,225	$14,829	77%	81%	+$3,729	-$40,022	80.0%	$-39,161 (vs do-nothing $-35,950)
$1005	6d	20 Jul 2026	$18.30	2/2	$18,300	$17,904	77%	82%	+$6,783	-$44,422	88.8%	$-43,561 (vs do-nothing $-40,350)
$1035	10d	24 Jul 2026	$28.20	2/2	$16,920	$16,524	77%	81%	+$6,167	-$36,442	72.9%	$-35,581 (vs do-nothing $-32,370)
$990	3d	17 Jul 2026	$19.00	1/2	$19,000	$20,119	76%	82%	+$9,351	-$23,641	47.3%	$-24,816 (vs do-nothing $-21,605)
$1020	8d	22 Jul 2026	$21.50	2/2	$16,125	$15,729	76%	80%	+$3,852	-$40,782	81.6%	$-39,921 (vs do-nothing $-36,710)
$1030	10d	24 Jul 2026	$29.40	2/2	$17,640	$17,244	76%	81%	+$6,244	-$37,202	74.4%	$-36,341 (vs do-nothing $-33,130)
$1000	6d	20 Jul 2026	$20.55	2/2	$20,550	$20,154	75%	81%	+$7,995	-$44,972	89.9%	$-44,111 (vs do-nothing $-40,900)
$1025	10d	24 Jul 2026	$30.75	2/2	$18,450	$18,054	75%	80%	+$6,379	-$37,932	75.9%	$-37,071 (vs do-nothing $-33,860)
$1015	8d	22 Jul 2026	$22.65	2/2	$16,988	$16,592	75%	80%	+$3,894	-$41,552	83.1%	$-40,691 (vs do-nothing $-37,480)
$1022.50	10d	24 Jul 2026	$31.40	2/2	$18,840	$18,444	74%	80%	+$6,418	-$38,302	76.6%	$-37,441 (vs do-nothing $-34,230)
$985	3d	17 Jul 2026	$20.25	1/2	$20,250	$21,369	74%	81%	+$9,481	-$24,016	48.0%	$-25,191 (vs do-nothing $-21,980)
$995	6d	20 Jul 2026	$19.55	2/2	$19,550	$19,154	74%	80%	+$5,878	-$46,172	92.3%	$-45,311 (vs do-nothing $-42,100)
$1020	10d	24 Jul 2026	$32.20	2/2	$19,320	$18,924	74%	80%	+$6,540	-$38,642	77.3%	$-37,781 (vs do-nothing $-34,570)
$1010	8d	22 Jul 2026	$23.90	2/2	$17,925	$17,529	74%	79%	+$3,967	-$42,302	84.6%	$-41,441 (vs do-nothing $-38,230)
$1017.50	10d	24 Jul 2026	$32.80	2/2	$19,680	$19,284	73%	79%	+$6,532	-$39,022	78.0%	$-38,161 (vs do-nothing $-34,950)
$1015	10d	24 Jul 2026	$33.55	2/2	$20,130	$19,734	73%	79%	+$6,606	-$39,372	78.7%	$-38,511 (vs do-nothing $-35,300)
$990	6d	20 Jul 2026	$21.55	2/2	$21,550	$21,154	72%	79%	+$6,678	-$46,772	93.5%	$-45,911 (vs do-nothing $-42,700)
$1005	8d	22 Jul 2026	$25.15	2/2	$18,862	$18,467	72%	78%	+$3,994	-$43,052	86.1%	$-42,191 (vs do-nothing $-38,980)
$980	3d	17 Jul 2026	$22.00	1/2	$22,000	$23,119	72%	80%	+$10,011	-$24,341	48.7%	$-25,516 (vs do-nothing $-22,305)
$1012.50	10d	24 Jul 2026	$34.25	2/2	$20,550	$20,154	72%	79%	+$6,641	-$39,732	79.5%	$-38,871 (vs do-nothing $-35,660)
$1010	10d	24 Jul 2026	$35.05	2/2	$21,030	$20,634	72%	78%	+$6,727	-$40,072	80.1%	$-39,211 (vs do-nothing $-36,000)
$1025	17d	31 Jul 2026	$43.40	2/2	$15,318	$14,922	71%	78%	+$3,825	-$35,402	70.8%	$-34,541 (vs do-nothing $-31,330)
$1000	8d	22 Jul 2026	$29.10	2/2	$21,825	$21,429	71%	78%	+$5,998	-$43,262	86.5%	$-42,401 (vs do-nothing $-39,190)
$1007.50	10d	24 Jul 2026	$35.80	2/2	$21,480	$21,084	71%	78%	+$6,773	-$40,422	80.8%	$-39,561 (vs do-nothing $-36,350)
$1015	13d	27 Jul 2026	$35.45	2/2	$16,362	$15,966	71%	77%	+$3,242	-$38,992	78.0%	$-38,131 (vs do-nothing $-34,920)
$985	6d	20 Jul 2026	$22.90	2/2	$22,900	$22,504	71%	78%	+$6,740	-$47,502	95.0%	$-46,641 (vs do-nothing $-43,430)
$1005	10d	24 Jul 2026	$36.50	2/2	$21,900	$21,504	71%	78%	+$6,781	-$40,782	81.6%	$-39,921 (vs do-nothing $-36,710)
$1020	17d	31 Jul 2026	$45.35	2/2	$16,006	$15,610	71%	77%	+$4,029	-$36,012	72.0%	$-35,151 (vs do-nothing $-31,940)
$975	3d	17 Jul 2026	$23.80	1/2	$23,800	$24,919	71%	79%	+$10,485	-$24,661	49.3%	$-25,836 (vs do-nothing $-22,625)
$1010	13d	27 Jul 2026	$36.35	2/2	$16,777	$16,381	70%	77%	+$3,031	-$39,812	79.6%	$-38,951 (vs do-nothing $-35,740)
$1002.50	10d	24 Jul 2026	$37.35	2/2	$22,410	$22,014	70%	78%	+$6,869	-$41,112	82.2%	$-40,251 (vs do-nothing $-37,040)
$995	8d	22 Jul 2026	$28.15	2/2	$21,112	$20,717	70%	77%	+$4,279	-$44,452	88.9%	$-43,591 (vs do-nothing $-40,380)
$1015	17d	31 Jul 2026	$46.45	2/2	$16,394	$15,998	70%	77%	+$3,916	-$36,792	73.6%	$-35,931 (vs do-nothing $-32,720)
$1000	10d	24 Jul 2026	$38.15	2/2	$22,890	$22,494	70%	77%	+$6,917	-$41,452	82.9%	$-40,591 (vs do-nothing $-37,380)
$980	6d	20 Jul 2026	$24.85	2/2	$24,850	$24,454	69%	77%	+$7,312	-$48,112	96.2%	$-47,251 (vs do-nothing $-44,040)
$1005	13d	27 Jul 2026	$36.75	2/2	$16,962	$16,566	69%	76%	+$2,565	-$40,732	81.5%	$-39,871 (vs do-nothing $-36,660)
$990	8d	22 Jul 2026	$29.40	2/2	$22,050	$21,654	69%	76%	+$4,159	-$45,202	90.4%	$-44,341 (vs do-nothing $-41,130)
$1010	17d	31 Jul 2026	$49.05	2/2	$17,312	$16,916	69%	77%	+$4,315	-$37,272	74.5%	$-36,411 (vs do-nothing $-33,200)
$970	3d	17 Jul 2026	$25.10	1/2	$25,100	$26,219	69%	78%	+$10,351	-$25,031	50.1%	$-26,206 (vs do-nothing $-22,995)
$995	10d	24 Jul 2026	$39.85	2/2	$23,910	$23,514	69%	77%	+$7,045	-$42,112	84.2%	$-41,251 (vs do-nothing $-38,040)
$1000	13d	27 Jul 2026	$40.00	2/2	$18,462	$18,066	68%	76%	+$3,390	-$41,082	82.2%	$-40,221 (vs do-nothing $-37,010)
$1005	17d	31 Jul 2026	$50.85	2/2	$17,947	$17,551	68%	76%	+$4,413	-$37,912	75.8%	$-37,051 (vs do-nothing $-33,840)
$975	6d	20 Jul 2026	$25.95	2/2	$25,950	$25,554	68%	76%	+$6,939	-$48,892	97.8%	$-48,031 (vs do-nothing $-44,820)
$985	8d	22 Jul 2026	$31.05	2/2	$23,288	$22,892	68%	75%	+$4,287	-$45,872	91.7%	$-45,011 (vs do-nothing $-41,800)
$990	10d	24 Jul 2026	$41.15	2/2	$24,690	$24,294	67%	76%	+$6,893	-$42,852	85.7%	$-41,991 (vs do-nothing $-38,780)
$995	13d	27 Jul 2026	$39.65	2/2	$18,300	$17,904	67%	75%	+$2,528	-$42,152	84.3%	$-41,291 (vs do-nothing $-38,080)
$1000	17d	31 Jul 2026	$52.65	2/2	$18,582	$18,187	67%	76%	+$4,493	-$38,552	77.1%	$-37,691 (vs do-nothing $-34,480)
$965	3d	17 Jul 2026	$26.95	1/2	$26,950	$28,069	67%	77%	+$10,657	-$25,346	50.7%	$-26,521 (vs do-nothing $-23,310)
$980	8d	22 Jul 2026	$32.75	2/2	$24,562	$24,167	66%	75%	+$4,399	-$46,532	93.1%	$-45,671 (vs do-nothing $-42,460)
$990	13d	27 Jul 2026	$41.40	2/2	$19,108	$18,712	66%	75%	+$2,610	-$42,802	85.6%	$-41,941 (vs do-nothing $-38,730)
$985	10d	24 Jul 2026	$42.20	2/2	$25,320	$24,924	66%	75%	+$6,550	-$43,642	87.3%	$-42,781 (vs do-nothing $-39,570)
$995	17d	31 Jul 2026	$54.35	2/2	$19,182	$18,787	66%	75%	+$4,520	-$39,212	78.4%	$-38,351 (vs do-nothing $-35,140)
$970	6d	20 Jul 2026	$27.45	2/2	$27,450	$27,054	66%	75%	+$6,869	-$49,592	99.2%	$-48,731 (vs do-nothing $-45,520)
$985	13d	27 Jul 2026	$43.15	2/2	$19,915	$19,520	66%	75%	+$3,927	-$43,452	86.9%	$-42,591 (vs do-nothing $-39,380)
$990	17d	31 Jul 2026	$54.75	2/2	$19,324	$18,928	65%	75%	+$4,069	-$40,132	80.3%	$-39,271 (vs do-nothing $-36,060)
$980	10d	24 Jul 2026	$43.35	2/2	$26,010	$25,614	65%	75%	+$6,227	-$44,412	88.8%	$-43,551 (vs do-nothing $-40,340)
$975	8d	22 Jul 2026	$34.95	2/2	$26,212	$25,817	65%	74%	+$4,831	-$47,092	94.2%	$-46,231 (vs do-nothing $-43,020)
$980	13d	27 Jul 2026	$45.00	2/2	$20,769	$20,373	65%	74%	+$4,023	-$44,082	88.2%	$-43,221 (vs do-nothing $-40,010)
$960	3d	17 Jul 2026	$28.75	1/2	$28,750	$29,869	65%	76%	+$10,797	-$25,666	51.3%	$-26,841 (vs do-nothing $-23,630)
$985	17d	31 Jul 2026	$56.55	2/2	$19,959	$19,563	65%	74%	+$4,093	-$40,772	81.5%	$-39,911 (vs do-nothing $-36,700)

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 2 contracts at the conservative CC.

fortress_fight.py v6.1 | 2026-07-14 03:38