2 contracts (200 sh) | BE SS: $1220.00 | CC-SS: $1238.16 (banked floor $1,226.33) | IV: HIGH | Accounts: Neville:0865
| Max Loss | $198,000 | (ND $250.00 + SW $740) x 200 |
| Normal income ref | $29,395/mo | 95% ann ROI on ML |
| Hedge rolling cost | $479/mo | |
| Unrealized P&L | $-51,820 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 2x $1155C 17 Jul 2026 | U13190865 | $7.85 | $1,570 | 2026-07-11 |
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.
| Track | Expiry | Sell | Survival | Income/mo | E[net]/mo |
|---|---|---|---|---|---|
| THIS FRIDAY 🏆 | 17 Jul 2026 · 3d | 2 × $1080 | 85% | $15,700 | $4,148 |
| NEXT FRIDAY | 24 Jul 2026 · 10d | 2 × $1090 | 76% | $15,180 | $3,291 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 2 × $1260 | 17 Jul | 3d | 27.8% | 99% | 2% | $84 | $840 | -$14,860 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 2 × $1260 27.8% OTM over spot $985.76 17 Jul 2026 (3d, $0.69 mid) = $84 credit for the 3d cycle → $840/mo projected Survival (stays ≤ $1260) 99% Breach risk 1% POP (stays ≤ $1260.69) 99% EV / mo +$669 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.9 mo [0.4-2.2] median · 68% of paths whole by 9 mo (vs 74% without) · ~0.3 challenges expected · median CC cash $228 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 1% Flat exit net (mid-life) -$6,711 Free roll-up +$22/wk Safest escape (by 31 Jul 2026) $1,409 @ 80% POP 76% 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: $48.04/sh now → $33.98 mid-life → ≈ $0 at expiry | you banked $0.42/sh, so a flat mid-life exit nets -$33.56/sh | roll rows are incremental, the banked premium stays yours
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 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 ✓ $1260 is at/above CC-SS $1238.16: 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 < $0.10/sh (~25% of the $0.42 collected) or spot ≥ $1,260.69 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,260)); NOT the premium you collected. Momentum override: two daily closes above $1,218.34 (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 $1238.16, where you are whole again, by expiry) Starting unrealized P&L: $-51,820 + Fortress recovery (un-capped): +$52,651 − CC assignment net of premium (2 × $1260): -$0 Total Position P&L @ SS: $831 (+$52,651 vs today) Do-nothing baseline at SS: $-1,251 (this trade vs do-nothing: +$2,083, the opportunity cost of earning $840/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 2 × $1110 | 17 Jul | 3d | 12.6% | 91% | 19% | $900 | $9,000 | -$6,700 | $24,733 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 2 × $1110 12.6% OTM over spot $985.76 17 Jul 2026 (3d, $4.83 mid) = $900 credit for the 3d cycle → $9,000/mo projected Survival (stays ≤ $1110) 91% Breach risk 9% POP (stays ≤ $1114.83) 91% EV / mo +$4,132 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.9 mo [0.4-2.2] median · 69% of paths whole by 9 mo (vs 69% without) · ~4.6 challenges expected · median CC cash $13,144 🛡 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) -$5,086 Free roll-up +$33/wk Safest escape (by 31 Jul 2026) $1,284 @ 83% POP 80% 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: $42.32/sh now → $29.93 mid-life (likely $27.48–$57.53) → ≈ $0 at expiry | you banked $4.50/sh, so a flat mid-life exit nets -$25.43/sh | roll rows are incremental, the banked premium stays yours 📊 Across 382 simulated challenges: the $1,110 strike is typically first touched on day 2 of 3, at $1,145 (overshoots $34.69). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 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 $128 below CC-SS $1238.16: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $1.12/sh (~25% of the $4.50 collected) or spot ≥ $1,114.83 (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 $1,218.34 (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 $1238.16, where you are whole again, by expiry) Starting unrealized P&L: $-51,820 + Fortress recovery (un-capped): +$52,651 − CC assignment net of premium (2 × $1110): -$24,733 Total Position P&L @ SS: $-23,901 (+$27,919 vs today) Do-nothing baseline at SS: $-1,251 (this trade vs do-nothing: $-22,650, the opportunity cost of earning $9,000/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 2 × $1100 | 17 Jul | 3d | 11.6% | 89% | 22% | $1,090 | $10,900 | -$4,800 | $26,543 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 2 × $1100 11.6% OTM over spot $985.76 17 Jul 2026 (3d, $5.72 mid) = $1,090 credit for the 3d cycle → $10,900/mo projected Survival (stays ≤ $1100) 89% Breach risk 11% POP (stays ≤ $1105.72) 90% EV / mo +$4,767 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.9 mo [0.4-2.3] median, 0.1 mo faster than no FIGHT (1.0 mo) · 75% of paths whole by 9 mo (vs 73% without) · ~5.0 challenges expected · median CC cash $12,571 🛡 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) -$4,843 Free roll-up +$33/wk Safest escape (by 31 Jul 2026) $1,284 @ 84% POP 81% 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: $41.94/sh now → $29.66 mid-life (likely $29.24–$57.88) → ≈ $0 at expiry | you banked $5.45/sh, so a flat mid-life exit nets -$24.21/sh | roll rows are incremental, the banked premium stays yours 📊 Across 473 simulated challenges: the $1,100 strike is typically first touched on day 2 of 3, at $1,136 (overshoots $35.96). 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.
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 stressIncome coverage
Downside budget ⚠ $1100 is $138 below CC-SS $1238.16: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $1.36/sh (~25% of the $5.45 collected) or spot ≥ $1,105.72 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,100)); NOT the premium you collected. Momentum override: two daily closes above $1,218.34 (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 $1238.16, where you are whole again, by expiry) Starting unrealized P&L: $-51,820 + Fortress recovery (un-capped): +$52,651 − CC assignment net of premium (2 × $1100): -$26,543 Total Position P&L @ SS: $-25,711 (+$26,109 vs today) Do-nothing baseline at SS: $-1,251 (this trade vs do-nothing: $-24,460, the opportunity cost of earning $10,900/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 2 × $1080 | 17 Jul | 3d | 9.6% | 85% | 20% | $1,570 | $15,700 | — | $30,063 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 2 × $1080 9.6% OTM over spot $985.76 17 Jul 2026 (3d, $8.35 mid) = $1,570 credit for the 3d cycle → $15,700/mo projected Survival (stays ≤ $1080) 85% Breach risk 15% POP (stays ≤ $1088.35) 87% EV / mo +$5,968 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.8 mo [0.4-2.3] median · 72% of paths whole by 9 mo (vs 67% without) · ~7.3 challenges expected · median CC cash $16,984 🛡 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) 20% Flat exit net (mid-life) -$4,255 Free roll-up +$33/wk Safest escape (by 31 Jul 2026) $1,274 @ 85% POP 83% 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: $41.18/sh now → $29.12 mid-life (likely $30.08–$54.78) → ≈ $0 at expiry | you banked $7.85/sh, so a flat mid-life exit nets -$21.27/sh | roll rows are incremental, the banked premium stays yours 📊 Across 595 simulated challenges: the $1,080 strike is typically first touched on day 2 of 3, at $1,114 (overshoots $34.02). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 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 ⚠ $1080 is $158 below CC-SS $1238.16: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $1.96/sh (~25% of the $7.85 collected) or spot ≥ $1,088.35 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,080)); NOT the premium you collected. Momentum override: two daily closes above $1,218.34 (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 $1238.16, where you are whole again, by expiry) Starting unrealized P&L: $-51,820 + Fortress recovery (un-capped): +$52,651 − CC assignment net of premium (2 × $1080): -$30,063 Total Position P&L @ SS: $-29,231 (+$22,589 vs today) Do-nothing baseline at SS: $-1,251 (this trade vs do-nothing: $-27,980, the opportunity cost of earning $15,700/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 2 × $1040 | 17 Jul | 3d | 5.5% | 73% | 55% | $3,170 | $31,700 | +$16,000 | $36,463 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 2 × $1040 5.5% OTM over spot $985.76 17 Jul 2026 (3d, $16.43 mid) = $3,170 credit for the 3d cycle → $31,700/mo projected Survival (stays ≤ $1040) 73% Breach risk 27% POP (stays ≤ $1056.42) 79% EV / mo +$8,169 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.9 mo [0.4-2.2] median, 0.1 mo faster than no FIGHT (1.1 mo) · 80% of paths whole by 9 mo (vs 73% without) · ~12.1 challenges expected · median CC cash $21,552 🛡 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) 38% Flat exit net (mid-life) -$2,439 Free roll-up +$33/wk Safest escape (by 31 Jul 2026) $1,304 @ 90% POP 89% 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: $39.65/sh now → $28.04 mid-life (likely $33.38–$58.19) → ≈ $0 at expiry | you banked $15.85/sh, so a flat mid-life exit nets -$12.19/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,154 simulated challenges: the $1,040 strike is typically first touched on day 2 of 3, at $1,074 (overshoots $33.94). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 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 ⚠ $1040 is $198 below CC-SS $1238.16: 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 < $3.96/sh (~25% of the $15.85 collected) or spot ≥ $1,056.42 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,040)); NOT the premium you collected. Momentum override: two daily closes above $1,218.34 (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 $1238.16, where you are whole again, by expiry) Starting unrealized P&L: $-51,820 + Fortress recovery (un-capped): +$52,651 − CC assignment net of premium (2 × $1040): -$36,463 Total Position P&L @ SS: $-35,631 (+$16,189 vs today) Do-nothing baseline at SS: $-1,251 (this trade vs do-nothing: $-34,380, the opportunity cost of earning $31,700/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 × $1260 | 24 Jul | 10d | 27.8% | 95% | 10% | $535 | $1,605 | -$13,575 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 1 × $1260 27.8% OTM over spot $985.76 24 Jul 2026 (10d, $6.03 mid) = $535 credit for the 10d cycle → $1,605/mo projected Survival (stays ≤ $1260) 95% Breach risk 5% POP (stays ≤ $1266.03) 95% EV / mo +$1,063 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.0 mo [0.5-2.2] median, 0.1 mo faster than no FIGHT (1.1 mo) · 65% of paths whole by 9 mo (vs 68% without) · ~0.8 challenges expected · median CC cash $7,516 🛡 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) 7% Flat exit net (mid-life) -$5,430 Free roll-up none Safest escape (by 31 Jul 2026) $1,289 @ 70% 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: $84.32/sh now → $59.65 mid-life (likely $46.32–$77.49) → ≈ $0 at expiry | you banked $5.35/sh, so a flat mid-life exit nets -$54.30/sh | roll rows are incremental, the banked premium stays yours 📊 Across 218 simulated challenges: the $1,260 strike is typically first touched on day 7 of 10, at $1,295 (overshoots $35.47). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 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 ✓ $1260 is at/above CC-SS $1238.16: 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 < $1.34/sh (~25% of the $5.35 collected) or spot ≥ $1,266.03 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,260)); NOT the premium you collected. Momentum override: two daily closes above $1,218.34 (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 $1238.16, where you are whole again, by expiry) Starting unrealized P&L: $-51,820 + Fortress recovery (un-capped): +$52,651 − CC assignment net of premium (1 × $1260): -$0 − Conservative CC assignment net of premium (1 × $1220): -$1,041 Total Position P&L @ SS: $-210 (+$51,610 vs today) Do-nothing baseline at SS: $-1,251 (this trade vs do-nothing: +$1,041, the opportunity cost of earning $1,605/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 2 × $1205 | 24 Jul | 10d | 22.2% | 90% | 20% | $1,770 | $5,310 | -$9,870 | $4,863 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 2 × $1205 22.2% OTM over spot $985.76 24 Jul 2026 (10d, $9.75 mid) = $1,770 credit for the 10d cycle → $5,310/mo projected Survival (stays ≤ $1205) 90% Breach risk 10% POP (stays ≤ $1214.75) 91% EV / mo +$2,251 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.0 mo [0.4-2.3] median · 69% of paths whole by 9 mo (vs 70% without) · ~1.7 challenges expected · median CC cash $8,067 🛡 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) -$9,639 Free roll-up none Safest escape (by 31 Jul 2026) $1,264 @ 73% POP 65% 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: $80.63/sh now → $57.05 mid-life (likely $44.29–$79.55) → ≈ $0 at expiry | you banked $8.85/sh, so a flat mid-life exit nets -$48.20/sh | roll rows are incremental, the banked premium stays yours 📊 Across 386 simulated challenges: the $1,205 strike is typically first touched on day 7 of 10, at $1,238 (overshoots $33.16). 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.
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 stressIncome coverage
Downside budget ⚠ $1205 is $33 below CC-SS $1238.16: 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 < $2.21/sh (~25% of the $8.85 collected) or spot ≥ $1,214.75 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,205)); NOT the premium you collected. Momentum override: two daily closes above $1,218.34 (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 $1238.16, where you are whole again, by expiry) Starting unrealized P&L: $-51,820 + Fortress recovery (un-capped): +$52,651 − CC assignment net of premium (2 × $1205): -$4,863 Total Position P&L @ SS: $-4,031 (+$47,789 vs today) Do-nothing baseline at SS: $-1,251 (this trade vs do-nothing: $-2,780, the opportunity cost of earning $5,310/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 2 × $1135 | 24 Jul | 10d | 15.1% | 83% | 36% | $3,370 | $10,110 | -$5,070 | $17,263 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 2 × $1135 15.1% OTM over spot $985.76 24 Jul 2026 (10d, $18.02 mid) = $3,370 credit for the 10d cycle → $10,110/mo projected Survival (stays ≤ $1135) 83% Breach risk 17% POP (stays ≤ $1153.03) 85% EV / mo +$3,042 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 1.0 mo [0.5-2.3] median · 72% of paths whole by 9 mo (vs 71% without) · ~3.2 challenges expected · median CC cash $12,612 🛡 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) 25% Flat exit net (mid-life) -$7,376 Free roll-up none Safest escape (by 31 Jul 2026) $1,229 @ 77% POP 71% 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: $75.95/sh now → $53.73 mid-life (likely $50.11–$79.80) → ≈ $0 at expiry | you banked $16.85/sh, so a flat mid-life exit nets -$36.88/sh | roll rows are incremental, the banked premium stays yours 📊 Across 764 simulated challenges: the $1,135 strike is typically first touched on day 6 of 10, at $1,167 (overshoots $32.08). 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.
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 stressIncome coverage
Downside budget ⚠ $1135 is $103 below CC-SS $1238.16: 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 < $4.21/sh (~25% of the $16.85 collected) or spot ≥ $1,153.03 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,135)); NOT the premium you collected. Momentum override: two daily closes above $1,218.34 (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 $1238.16, where you are whole again, by expiry) Starting unrealized P&L: $-51,820 + Fortress recovery (un-capped): +$52,651 − CC assignment net of premium (2 × $1135): -$17,263 Total Position P&L @ SS: $-16,431 (+$35,389 vs today) Do-nothing baseline at SS: $-1,251 (this trade vs do-nothing: $-15,180, the opportunity cost of earning $10,110/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 2 × $1090 | 24 Jul | 10d | 10.6% | 76% | 38% | $5,060 | $15,180 | — | $24,573 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 2 × $1090 10.6% OTM over spot $985.76 24 Jul 2026 (10d, $26.85 mid) = $5,060 credit for the 10d cycle → $15,180/mo projected Survival (stays ≤ $1090) 76% Breach risk 24% POP (stays ≤ $1116.85) 80% EV / mo +$3,379 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.9 mo [0.5-1.8] median · 75% of paths whole by 9 mo (vs 72% without) · ~4.5 challenges expected · median CC cash $14,613 🛡 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) 38% Flat exit net (mid-life) -$5,260 Free roll-up none Safest escape (by 31 Jul 2026) $1,219 @ 81% POP 77% 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: $72.94/sh now → $51.60 mid-life (likely $57.53–$83.15) → ≈ $0 at expiry | you banked $25.30/sh, so a flat mid-life exit nets -$26.30/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,152 simulated challenges: the $1,090 strike is typically first touched on day 5 of 10, at $1,122 (overshoots $31.66). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 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 ⚠ $1090 is $148 below CC-SS $1238.16: 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 < $6.33/sh (~25% of the $25.30 collected) or spot ≥ $1,116.85 (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 $1,218.34 (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 $1238.16, where you are whole again, by expiry) Starting unrealized P&L: $-51,820 + Fortress recovery (un-capped): +$52,651 − CC assignment net of premium (2 × $1090): -$24,573 Total Position P&L @ SS: $-23,741 (+$28,079 vs today) Do-nothing baseline at SS: $-1,251 (this trade vs do-nothing: $-22,490, the opportunity cost of earning $15,180/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 2 × $1010 | 24 Jul | 10d | 2.5% | 59% | 86% | $10,200 | $30,600 | +$15,420 | $35,433 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 2 × $1010 2.5% OTM over spot $985.76 24 Jul 2026 (10d, $53.38 mid) = $10,200 credit for the 10d cycle → $30,600/mo projected Survival (stays ≤ $1010) 59% Breach risk 41% POP (stays ≤ $1063.38) 71% EV / mo +$5,823 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 0.9 mo [0.4-2.5] median, 0.3 mo faster than no FIGHT (1.2 mo) · 80% of paths whole by 9 mo (vs 71% without) · ~11.4 challenges expected · median CC cash $20,053 🛡 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) 69% Flat exit net (mid-life) +$637 Free roll-up +$10/wk Safest escape (by 31 Jul 2026) $1,244 @ 91% POP 90% 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: $67.59/sh now → $47.81 mid-life (likely $65.36–$89.40) → ≈ $0 at expiry | you banked $51.00/sh, so a flat mid-life exit nets +$3.19/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,068 simulated challenges: the $1,010 strike is typically first touched on day 3 of 10, at $1,043 (overshoots $32.57). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 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 ⚠ $1010 is $228 below CC-SS $1238.16: 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 < $12.75/sh (~25% of the $51.00 collected) or spot ≥ $1,063.38 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,010)); NOT the premium you collected. Momentum override: two daily closes above $1,218.34 (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 $1238.16, where you are whole again, by expiry) Starting unrealized P&L: $-51,820 + Fortress recovery (un-capped): +$52,651 − CC assignment net of premium (2 × $1010): -$35,433 Total Position P&L @ SS: $-34,601 (+$17,219 vs today) Do-nothing baseline at SS: $-1,251 (this trade vs do-nothing: $-33,350, the opportunity cost of earning $30,600/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 3-45 DTE band (7 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: 1.043 (IBKR) | Recovery@SS: +$52,651 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-1,251
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1080 | 3d | 17 Jul 2026 | $7.85 | 2/2 | $15,700 | $15,221 | 85% | 87% | +$5,968 | -$30,063 | 60.1% | $-29,231 (vs do-nothing $-27,980) |
| $1075 | 3d | 17 Jul 2026 | $8.65 | 2/2 | $17,300 | $16,821 | 84% | 86% | +$6,391 | -$30,903 | 61.8% | $-30,071 (vs do-nothing $-28,820) |
| $1070 | 3d | 17 Jul 2026 | $9.45 | 2/2 | $18,900 | $18,421 | 83% | 85% | +$6,682 | -$31,743 | 63.5% | $-30,911 (vs do-nothing $-29,660) |
| $1065 | 3d | 17 Jul 2026 | $10.25 | 2/2 | $20,500 | $20,021 | 81% | 84% | +$6,828 | -$32,583 | 65.2% | $-31,751 (vs do-nothing $-30,500) |
| $1060 | 3d | 17 Jul 2026 | $11.05 | 2/2 | $22,100 | $21,621 | 80% | 83% | +$6,817 | -$33,423 | 66.8% | $-32,591 (vs do-nothing $-31,340) |
| $1055 | 3d | 17 Jul 2026 | $12.30 | 2/2 | $24,600 | $24,121 | 78% | 82% | +$7,538 | -$34,173 | 68.3% | $-33,341 (vs do-nothing $-32,090) |
| $1050 | 3d | 17 Jul 2026 | $13.40 | 2/2 | $26,800 | $26,321 | 77% | 81% | +$7,778 | -$34,953 | 69.9% | $-34,121 (vs do-nothing $-32,870) |
| $1075 | 8d | 22 Jul 2026 | $19.65 | 2/2 | $14,738 | $14,259 | 76% | 81% | +$3,475 | -$28,703 | 57.4% | $-27,871 (vs do-nothing $-26,620) |
| $1060 | 6d | 20 Jul 2026 | $14.95 | 2/2 | $14,950 | $14,471 | 76% | 80% | +$2,578 | -$32,643 | 65.3% | $-31,811 (vs do-nothing $-30,560) |
| $1090 | 10d | 24 Jul 2026 | $25.30 | 2/2 | $15,180 | $14,701 | 76% | 80% | +$3,379 | -$24,573 | 49.1% | $-23,741 (vs do-nothing $-22,490) |
| $1045 | 3d | 17 Jul 2026 | $14.50 | 2/2 | $29,000 | $28,521 | 75% | 80% | +$7,826 | -$35,733 | 71.5% | $-34,901 (vs do-nothing $-33,650) |
| $1085 | 10d | 24 Jul 2026 | $26.10 | 2/2 | $15,660 | $15,181 | 75% | 80% | +$3,191 | -$25,413 | 50.8% | $-24,581 (vs do-nothing $-23,330) |
| $1055 | 6d | 20 Jul 2026 | $16.30 | 2/2 | $16,300 | $15,821 | 75% | 79% | +$2,851 | -$33,373 | 66.7% | $-32,541 (vs do-nothing $-31,290) |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1070 | 8d | 22 Jul 2026 | $20.85 | 2/2 | $15,638 | $15,159 | 75% | 79% | +$2,678 | -$29,463 | 58.9% | $-28,631 (vs do-nothing $-27,380) |
| $1080 | 10d | 24 Jul 2026 | $27.75 | 2/2 | $16,650 | $16,171 | 74% | 79% | +$3,357 | -$26,083 | 52.2% | $-25,251 (vs do-nothing $-24,000) |
| $1065 | 8d | 22 Jul 2026 | $22.10 | 2/2 | $16,575 | $16,096 | 74% | 79% | +$3,026 | -$30,213 | 60.4% | $-29,381 (vs do-nothing $-28,130) |
| $1040 | 3d | 17 Jul 2026 | $15.85 | 1/2 | $15,850 | $17,696 | 73% | 79% | +$4,085 | -$18,231 | 36.5% | $-18,441 (vs do-nothing $-17,190) |
| $1075 | 10d | 24 Jul 2026 | $29.20 | 2/2 | $17,520 | $17,041 | 73% | 78% | +$3,513 | -$26,793 | 53.6% | $-25,961 (vs do-nothing $-24,710) |
| $1060 | 8d | 22 Jul 2026 | $23.10 | 2/2 | $17,325 | $16,846 | 72% | 78% | +$2,430 | -$31,013 | 62.0% | $-30,181 (vs do-nothing $-28,930) |
| $1050 | 6d | 20 Jul 2026 | $17.15 | 2/2 | $17,150 | $16,671 | 72% | 77% | +$97 | -$34,203 | 68.4% | $-33,371 (vs do-nothing $-32,120) |
| $1070 | 10d | 24 Jul 2026 | $30.45 | 2/2 | $18,270 | $17,791 | 72% | 78% | +$3,529 | -$27,543 | 55.1% | $-26,711 (vs do-nothing $-25,460) |
| $1035 | 3d | 17 Jul 2026 | $17.20 | 1/2 | $17,200 | $19,046 | 72% | 77% | +$4,149 | -$18,596 | 37.2% | $-18,806 (vs do-nothing $-17,555) |
| $1055 | 8d | 22 Jul 2026 | $24.30 | 2/2 | $18,225 | $17,746 | 71% | 78% | +$2,872 | -$31,773 | 63.5% | $-30,941 (vs do-nothing $-29,690) |
| $1085 | 17d | 31 Jul 2026 | $42.40 | 2/2 | $14,965 | $14,486 | 71% | 78% | +$2,764 | -$22,153 | 44.3% | $-21,321 (vs do-nothing $-20,070) |
| $1065 | 10d | 24 Jul 2026 | $31.55 | 2/2 | $18,930 | $18,451 | 71% | 77% | +$3,278 | -$28,323 | 56.6% | $-27,491 (vs do-nothing $-26,240) |
| $1045 | 6d | 20 Jul 2026 | $18.40 | 2/2 | $18,400 | $17,921 | 71% | 76% | +$49 | -$34,953 | 69.9% | $-34,121 (vs do-nothing $-32,870) |
| $1060 | 10d | 24 Jul 2026 | $32.95 | 2/2 | $19,770 | $19,291 | 71% | 77% | +$4,979 | -$29,043 | 58.1% | $-28,211 (vs do-nothing $-26,960) |
| $1080 | 17d | 31 Jul 2026 | $43.90 | 2/2 | $15,494 | $15,015 | 70% | 77% | +$2,807 | -$22,853 | 45.7% | $-22,021 (vs do-nothing $-20,770) |
| $1065 | 13d | 27 Jul 2026 | $32.75 | 2/2 | $15,115 | $14,637 | 70% | 77% | +$1,710 | -$28,083 | 56.2% | $-27,251 (vs do-nothing $-26,000) |
| $1050 | 8d | 22 Jul 2026 | $25.75 | 2/2 | $19,312 | $18,834 | 70% | 76% | +$2,444 | -$32,483 | 65.0% | $-31,651 (vs do-nothing $-30,400) |
| $1030 | 3d | 17 Jul 2026 | $18.70 | 1/2 | $18,700 | $20,546 | 70% | 76% | +$4,251 | -$18,946 | 37.9% | $-19,156 (vs do-nothing $-17,905) |
| $1075 | 17d | 31 Jul 2026 | $45.20 | 2/2 | $15,953 | $15,474 | 70% | 77% | +$2,763 | -$23,593 | 47.2% | $-22,761 (vs do-nothing $-21,510) |
| $1040 | 6d | 20 Jul 2026 | $20.05 | 2/2 | $20,050 | $19,571 | 69% | 75% | +$325 | -$35,623 | 71.2% | $-34,791 (vs do-nothing $-33,540) |
| $1060 | 13d | 27 Jul 2026 | $34.90 | 2/2 | $16,108 | $15,629 | 69% | 76% | +$2,043 | -$28,653 | 57.3% | $-27,821 (vs do-nothing $-26,570) |
| $1055 | 10d | 24 Jul 2026 | $34.75 | 2/2 | $20,850 | $20,371 | 69% | 76% | +$3,863 | -$29,683 | 59.4% | $-28,851 (vs do-nothing $-27,600) |
| $1070 | 17d | 31 Jul 2026 | $46.05 | 2/2 | $16,253 | $15,774 | 69% | 76% | +$2,543 | -$24,423 | 48.8% | $-23,591 (vs do-nothing $-22,340) |
| $1045 | 8d | 22 Jul 2026 | $27.20 | 2/2 | $20,400 | $19,921 | 69% | 76% | +$2,470 | -$33,193 | 66.4% | $-32,361 (vs do-nothing $-31,110) |
| $1050 | 10d | 24 Jul 2026 | $36.25 | 2/2 | $21,750 | $21,271 | 69% | 76% | +$5,273 | -$30,383 | 60.8% | $-29,551 (vs do-nothing $-28,300) |
| $1055 | 13d | 27 Jul 2026 | $35.50 | 2/2 | $16,385 | $15,906 | 68% | 75% | +$1,634 | -$29,533 | 59.1% | $-28,701 (vs do-nothing $-27,450) |
| $1065 | 17d | 31 Jul 2026 | $48.20 | 2/2 | $17,012 | $16,533 | 68% | 76% | +$2,765 | -$24,993 | 50.0% | $-24,161 (vs do-nothing $-22,910) |
| $1035 | 6d | 20 Jul 2026 | $21.35 | 2/2 | $21,350 | $20,871 | 68% | 74% | +$171 | -$36,363 | 72.7% | $-35,531 (vs do-nothing $-34,280) |
| $1025 | 3d | 17 Jul 2026 | $20.25 | 1/2 | $20,250 | $22,096 | 68% | 75% | +$4,287 | -$19,291 | 38.6% | $-19,501 (vs do-nothing $-18,250) |
| $1040 | 8d | 22 Jul 2026 | $29.10 | 2/2 | $21,825 | $21,346 | 68% | 75% | +$2,781 | -$33,813 | 67.6% | $-32,981 (vs do-nothing $-31,730) |
| $1045 | 10d | 24 Jul 2026 | $37.55 | 2/2 | $22,530 | $22,051 | 67% | 76% | +$5,155 | -$31,123 | 62.2% | $-30,291 (vs do-nothing $-29,040) |
| $1060 | 17d | 31 Jul 2026 | $49.75 | 2/2 | $17,559 | $17,080 | 67% | 75% | +$2,757 | -$25,683 | 51.4% | $-24,851 (vs do-nothing $-23,600) |
| $1050 | 13d | 27 Jul 2026 | $38.20 | 2/2 | $17,631 | $17,152 | 67% | 75% | +$2,166 | -$29,993 | 60.0% | $-29,161 (vs do-nothing $-27,910) |
| $1055 | 17d | 31 Jul 2026 | $50.90 | 2/2 | $17,965 | $17,486 | 67% | 75% | +$2,591 | -$26,453 | 52.9% | $-25,621 (vs do-nothing $-24,370) |
| $1030 | 6d | 20 Jul 2026 | $22.80 | 2/2 | $22,800 | $22,321 | 66% | 73% | +$86 | -$37,073 | 74.1% | $-36,241 (vs do-nothing $-34,990) |
| $1040 | 10d | 24 Jul 2026 | $38.85 | 2/2 | $23,310 | $22,831 | 66% | 75% | +$4,999 | -$31,863 | 63.7% | $-31,031 (vs do-nothing $-29,780) |
| $1045 | 13d | 27 Jul 2026 | $38.80 | 2/2 | $17,908 | $17,429 | 66% | 74% | +$1,733 | -$30,873 | 61.7% | $-30,041 (vs do-nothing $-28,790) |
| $1035 | 8d | 22 Jul 2026 | $30.55 | 2/2 | $22,912 | $22,434 | 66% | 74% | +$2,701 | -$34,523 | 69.0% | $-33,691 (vs do-nothing $-32,440) |
| $1050 | 17d | 31 Jul 2026 | $53.30 | 2/2 | $18,812 | $18,333 | 66% | 74% | +$2,848 | -$26,973 | 53.9% | $-26,141 (vs do-nothing $-24,890) |
| $1040 | 13d | 27 Jul 2026 | $41.10 | 2/2 | $18,969 | $18,491 | 65% | 74% | +$2,040 | -$31,413 | 62.8% | $-30,581 (vs do-nothing $-29,330) |
| $1035 | 10d | 24 Jul 2026 | $41.00 | 2/2 | $24,600 | $24,121 | 65% | 74% | +$5,313 | -$32,433 | 64.9% | $-31,601 (vs do-nothing $-30,350) |
| $1030 | 8d | 22 Jul 2026 | $31.70 | 2/2 | $23,775 | $23,296 | 65% | 74% | +$2,341 | -$35,293 | 70.6% | $-34,461 (vs do-nothing $-33,210) |
| $1025 | 6d | 20 Jul 2026 | $24.40 | 2/2 | $24,400 | $23,921 | 65% | 72% | +$66 | -$37,753 | 75.5% | $-36,921 (vs do-nothing $-35,670) |
| $1045 | 17d | 31 Jul 2026 | $54.55 | 2/2 | $19,253 | $18,774 | 65% | 74% | +$2,681 | -$27,723 | 55.4% | $-26,891 (vs do-nothing $-25,640) |
| $1035 | 13d | 27 Jul 2026 | $43.05 | 2/2 | $19,869 | $19,391 | 64% | 73% | +$2,145 | -$32,023 | 64.0% | $-31,191 (vs do-nothing $-29,940) |
| $1030 | 10d | 24 Jul 2026 | $42.55 | 2/2 | $25,530 | $25,051 | 64% | 74% | +$5,228 | -$33,123 | 66.2% | $-32,291 (vs do-nothing $-31,040) |
| $1040 | 17d | 31 Jul 2026 | $56.45 | 2/2 | $19,924 | $19,445 | 64% | 73% | +$2,724 | -$28,343 | 56.7% | $-27,511 (vs do-nothing $-26,260) |
| $1015 | 3d | 17 Jul 2026 | $23.55 | 1/2 | $23,550 | $25,396 | 64% | 73% | +$4,196 | -$19,961 | 39.9% | $-20,171 (vs do-nothing $-18,920) |
| $1025 | 8d | 22 Jul 2026 | $33.75 | 2/2 | $25,312 | $24,834 | 64% | 73% | +$2,600 | -$35,883 | 71.8% | $-35,051 (vs do-nothing $-33,800) |
| $1020 | 6d | 20 Jul 2026 | $25.50 | 2/2 | $25,500 | $25,021 | 63% | 71% | $-541 | -$38,533 | 77.1% | $-37,701 (vs do-nothing $-36,450) |
| $1030 | 13d | 27 Jul 2026 | $45.15 | 2/2 | $20,838 | $20,360 | 63% | 73% | +$2,280 | -$32,603 | 65.2% | $-31,771 (vs do-nothing $-30,520) |
| $1035 | 17d | 31 Jul 2026 | $57.50 | 2/2 | $20,294 | $19,815 | 63% | 73% | +$2,449 | -$29,133 | 58.3% | $-28,301 (vs do-nothing $-27,050) |
| $1025 | 10d | 24 Jul 2026 | $44.25 | 2/2 | $26,550 | $26,071 | 63% | 73% | +$5,192 | -$33,783 | 67.6% | $-32,951 (vs do-nothing $-31,700) |
| $1015 | 6d | 20 Jul 2026 | $27.40 | 2/2 | $27,400 | $26,921 | 62% | 72% | +$2,185 | -$39,153 | 78.3% | $-38,321 (vs do-nothing $-37,070) |
| $1020 | 8d | 22 Jul 2026 | $35.40 | 2/2 | $26,550 | $26,071 | 62% | 72% | +$2,502 | -$36,553 | 73.1% | $-35,721 (vs do-nothing $-34,470) |
| $1022.50 | 10d | 24 Jul 2026 | $45.40 | 2/2 | $27,240 | $26,761 | 62% | 73% | +$5,339 | -$34,053 | 68.1% | $-33,221 (vs do-nothing $-31,970) |
| $1030 | 17d | 31 Jul 2026 | $59.80 | 2/2 | $21,106 | $20,627 | 62% | 72% | +$2,596 | -$29,673 | 59.3% | $-28,841 (vs do-nothing $-27,590) |
| $1025 | 13d | 27 Jul 2026 | $47.45 | 2/2 | $21,900 | $21,421 | 62% | 72% | +$2,472 | -$33,143 | 66.3% | $-32,311 (vs do-nothing $-31,060) |
| $1010 | 3d | 17 Jul 2026 | $25.30 | 1/2 | $25,300 | $27,146 | 62% | 72% | +$4,065 | -$20,286 | 40.6% | $-20,496 (vs do-nothing $-19,245) |
| $1020 | 10d | 24 Jul 2026 | $45.85 | 2/2 | $27,510 | $27,031 | 62% | 73% | +$5,055 | -$34,463 | 68.9% | $-33,631 (vs do-nothing $-32,380) |
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.