FORTRESS FIGHT: MU-LC970 @ $876.15

BE SS: $1220.00  |  CC-SS: $1249.24  |  2 contracts (200 sh) |  ⌂ PORTFOLIO

GENERATED2026-07-16 21:38

MU-LC970 @ $876.15   UNDERWATER $343.85 (28.2% below BE SS)

2 contracts (200 sh)  |  BE SS: $1220.00  |  CC-SS: $1249.24 (banked floor $1,237.40)  |  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$31,431/mo95% ann ROI on ML
Hedge rolling cost$463/mo
Unrealized P&L$-76,555fortress legs from IBKR
INCOME GOALPOSTS & VELOCITY
50% INCOME FLOOR
$15,715/mo
HEDGE COVER
$463/mo
NORMAL INCOME
$31,431/mo (ATM CC, chain)
IC VELOCITY
1.6 mo to earn back $50,000
ML VELOCITY
6.3 mo to earn back $198,000
Deep drawdown confirmed: a CC at CC-SS $1249.24 (probe: $1250C 13d) brings only $23/mo (<20% of normal), 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)
$74,106
was $76,555 · 3% earned back
Cycles closed
3
Credit in flight
$1,610
CC-SS · banked floor (info)
$1,249.24 → $1,237.40
? 2 leg(s) closed as UNKNOWN (vanished with no fill in window): banked $0, conservative. Fix campaign.json by hand if wrong.
Open legAcctCredit/shIn flightOpened
2x $1060C 17 Jul 2026U13190865$8.05$1,6102026-07-14
TECHNICALS (cc_timing weekly gate + daily trigger)
WEEKLYNEUTRAL · %B 66 (live) · RSI 63 · MACD bullish, hist falling
DAILYFALLING (provisional) · RSI 44 · %B 10 · hist rising (nightly)
LEVELSUpper BB (CC ceiling) $1,239.43 (+41%) · daily UBB $1,229.80 · 1-wk expected move ±$124 (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 $980 / 8d. This is the safest strike (survival 79%, breach 21%) that still earns 50% of normal income ($15,715/mo); it brings $15,938/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 × $910/8d for $32,025/mo, but breach risk rises to 38% (+17pp 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 × $1250/8d (98% survival, $765/mo).
Downside anchor: the primary mortgages $49,598 (99% of IC) ONLY on a full V-bounce all the way to SS $1220, recoverable in 1.6 months of normal income. That is the rare tail; the frequent case is the strike holding. Surgical close on the 2 contracts realizes $-76,845 and cuts bleed by $463/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: NEXT FRIDAY · 24 Jul 2026 (8d) · sell 2 × $980, 79% survival, $15,938/mo (E[net] $2,939/mo).
This week's Friday is inside the pin/gamma window, so only the next weekly is shown.
TrackExpirySellSurvivalIncome/moE[net]/mo
NEXT FRIDAY 🏆24 Jul 2026 · 8d2 × $98079%$15,938$2,939

📅 NEXT FRIDAY · 24 Jul 2026 · 8d · E[net] $2,939/mo 🏆 GRAND PICK

🎯 Engine pick: sell 2 × $980 (primary), 79% survival, breach 21%, $15,938/mo.
⚖️ Worth a safer step: the $1017.50 rung (33% normal) lifts survival to 86% (breach 21% → 14%) for $5,212/mo less (33% 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 $1017.50 rung, unless you need the income to cover the hedge bleed, or you expect MU to stay flat-to-down near term.
MU  spot $876.15 · click a rung to expand its decision panel
RungSellExpiryDTEOTMSurvivalTouch oddsPer cycleIncome/moΔ vs pickCap give-up
cover hedge2 × $125024 Jul8d42.7%98%3%$204$765-$15,172$0
Sell 2 × $1250 42.7% OTM over spot $876.15 24 Jul 2026 (8d, $1.39 mid)
= $204 credit for the 8d cycle → $765/mo projected
Survival (stays ≤ $1250)
98%
Breach risk
2%
POP (stays ≤ $1251.39)
98%
EV / mo
+$473
📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo)   whole in 1.6 mo [0.7-3.2] median  ·  54% of paths whole by 9 mo (vs 54% without)  ·  ~0.4 challenges expected  ·  median CC cash $180
🛡 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)
2%
Flat exit net (mid-life)
-$12,723
Free roll-up
none
Safest escape (by 7 Aug 2026)
$1,319 @ 74% 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 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $91.36/sh now → $64.64 mid-life → ≈ $0 at expiry  |  you banked $1.02/sh, so a flat mid-life exit nets -$63.62/sh  |  roll rows are incremental, the banked premium stays yours
MoveNew strike ≈New expiryTenorEst netTotal (2 ct)POP / surv
of new CC
If rolled & exited
total P&L · cap gain @ new strike
Roll out (same strike, buy time)~$1,25027 Jul 20267d left-$6.46/sh-$1,291
cycle -$1,087
67%
surv 52%
-$180 NOT
cap gain +$76,375
Max even-money escape in the band~$1,3197 Aug 202618d left+$1.31/sh+$262
cycle +$466
74%
surv 65%
+$15,638 SAFE
cap gain +$92,193
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$765/mo
vs 50% target ($15,715/mo)-95%
vs normal income ($31,431/mo)2% covered
Net income (after hedge)$302/mo
Downside budget
✓ $1250 is at/above CC-SS $1249.24: assignment is break-even or better.
Cap give-up @ CC-SS (V-bounce)-$0
… as % of IC ($50,000)0.0%
… as % of ML ($198,000)0.0%
Recovery months (at normal income)0.0 mo
Surgical close (2 ct)$-76,629
Tripwiresprice and time left decide together; the matrix is the playbook
The one rule: roll when the short call's remaining TIME VALUE < $0.26/sh (~25% of the $1.02 collected) or spot ≥ $1,251.39 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,250)); NOT the premium you collected. Momentum override: two daily closes above $1,229.80 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 5d left3-4d left≤ 2d (expiry)
Below $1,237.50Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$1,238-1,251.39
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
≥ $1,251.39
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)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$1,250.00 (2.8σ)$204$1,111+$77,666+$6,094
+2.5%$1,281.25 (3.1σ)$-6,046$1,336+$77,891+$6,094
+5%$1,312.50 (3.3σ)$-12,296$1,561+$78,116+$6,094
V-BOUNCE STRESS (stock → CC-SS $1249.24, where you are whole again, by expiry)
Starting unrealized P&L: $-76,555
+ Fortress recovery (un-capped): +$77,304
− CC assignment net of premium (2 × $1250): -$0
Total Position P&L @ SS: $749 (+$77,304 vs today)
Do-nothing baseline at SS: $-4,989 (this trade vs do-nothing: +$5,738, the opportunity cost of earning $765/mo FIGHT income now)
🛡 safe yield2 × $106024 Jul8d21.0%90%20%$1,740$6,525-$9,412$36,108
Sell 2 × $1060 21.0% OTM over spot $876.15 24 Jul 2026 (8d, $9.65 mid)
= $1,740 credit for the 8d cycle → $6,525/mo projected
Survival (stays ≤ $1060)
90%
Breach risk
10%
POP (stays ≤ $1069.65)
91%
EV / mo
+$3,265
📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo)   whole in 1.8 mo [0.9-3.6] median, 0.1 mo faster than no FIGHT (1.9 mo)  ·  59% of paths whole by 9 mo (vs 55% without)  ·  ~2.8 challenges expected  ·  median CC cash $15,891
🛡 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)
15%
Flat exit net (mid-life)
-$9,223
Free roll-up
none
Safest escape (by 7 Aug 2026)
$1,169 @ 78% POP
72% 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 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $77.47/sh now → $54.81 mid-life (likely $48.03–$82.20)≈ $0 at expiry  |  you banked $8.70/sh, so a flat mid-life exit nets -$46.11/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 462 simulated challenges: the $1,060 strike is typically first touched on day 5 of 8, at $1,094 (overshoots $34.28). 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.
MoveNew strike ≈New expiryTenorEst netTotal (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%)~$1,1247 Aug 202618d left+$7.31/sh+$1,462
cycle +$3,202
[-$614…+$3,263] · 67% credit
74%
surv 65%
-$22,030 NOT
cap gain +$54,525
Roll out (same strike, buy time)~$1,06027 Jul 20267d left-$0.44/sh-$88
cycle +$1,652
[-$1,119…+$1,388] · 48% credit
67%
surv 53%
-$36,809 NOT
cap gain +$39,746
Max even-money escape in the band~$1,1447 Aug 202618d left+$0.71/sh+$142
cycle +$1,882
[-$2,209…+$1,807] · 46% credit
76%
surv 68%
-$19,206 NOT
cap gain +$57,349
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)~$1,1697 Aug 202618d left-$8.00/sh-$1,600
cycle +$140
[-$4,280…-$22] · 24% credit
78%
surv 72%
-$15,767 NOT
cap gain +$60,788
budget: banked $1,740 debit $1,600 (92% used ≈ 1.1 wk of income) → whole cycle still +$140 cash · rolled 2 ct earn ≈ $15,604/mo while parked; 0 ct free to re-sell
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$6,525/mo
vs 50% target ($15,715/mo)-58%
vs normal income ($31,431/mo)21% covered
Net income (after hedge)$6,062/mo
Downside budget
⚠ $1060 is $189 below CC-SS $1249.24: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$36,108
… as % of IC ($50,000)72.2%
… as % of ML ($198,000)18.2%
Recovery months (at normal income)1.1 mo
Surgical close (2 ct)$-76,745
Tripwiresprice and time left decide together; the matrix is the playbook
The one rule: roll when the short call's remaining TIME VALUE < $2.17/sh (~25% of the $8.70 collected) or spot ≥ $1,069.65 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,060)); NOT the premium you collected. Momentum override: two daily closes above $1,229.80 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 5d left3-4d left≤ 2d (expiry)
Below $1,049.40Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$1,049-1,069.65
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
≥ $1,069.65
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)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$1,060.00 (1.4σ)$1,740$-36,721+$39,834+$1,630
+2.5%$1,086.50 (1.6σ)$-3,560$-36,530+$40,025-$3,670
+5%$1,113.00 (1.8σ)$-8,860$-36,340+$40,215-$8,970
SS (= V-bounce)$1,220.00 (2.6σ)$-30,260$-35,569+$40,986-$30,370
V-BOUNCE STRESS (stock → CC-SS $1249.24, where you are whole again, by expiry)
Starting unrealized P&L: $-76,555
+ Fortress recovery (un-capped): +$77,304
− CC assignment net of premium (2 × $1060): -$36,108
Total Position P&L @ SS: $-35,359 (+$41,196 vs today)
Do-nothing baseline at SS: $-4,989 (this trade vs do-nothing: $-30,370, the opportunity cost of earning $6,525/mo FIGHT income now)
33% normal ← lean2 × $1017.5024 Jul8d16.1%86%30%$2,860$10,725-$5,212$43,488
Sell 2 × $1017.50 16.1% OTM over spot $876.15 24 Jul 2026 (8d, $15.25 mid)
= $2,860 credit for the 8d cycle → $10,725/mo projected
Survival (stays ≤ $1017.50)
86%
Breach risk
14%
POP (stays ≤ $1032.75)
88%
EV / mo
+$5,261
📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo)   whole in 1.8 mo [0.9-3.7] median  ·  63% of paths whole by 9 mo (vs 54% without)  ·  ~4.2 challenges expected  ·  median CC cash $24,254
🛡 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)
-$7,663
Free roll-up
none
Safest escape (by 7 Aug 2026)
$1,151 @ 80% POP
75% 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 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $74.37/sh now → $52.61 mid-life (likely $52.71–$81.48)≈ $0 at expiry  |  you banked $14.30/sh, so a flat mid-life exit nets -$38.31/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 713 simulated challenges: the $1,018 strike is typically first touched on day 5 of 8, at $1,051 (overshoots $33.54). 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.
MoveNew strike ≈New expiryTenorEst netTotal (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%)~$1,0817 Aug 202618d left+$7.85/sh+$1,569
cycle +$4,429
[-$696…+$2,358] · 62% credit
74%
surv 65%
-$29,608 NOT
cap gain +$46,947
Roll out (same strike, buy time)~$1,01827 Jul 20267d left+$0.66/sh+$131
cycle +$2,991
[-$1,018…+$897] · 45% credit
67%
surv 53%
-$44,276 NOT
cap gain +$32,279
Max even-money escape in the band~$1,1017 Aug 202618d left+$1.30/sh+$261
cycle +$3,121
[-$2,241…+$903] · 38% credit
76%
surv 68%
-$26,773 NOT
cap gain +$49,782
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)~$1,1517 Aug 202618d left-$13.97/sh-$2,793
cycle +$67
[-$5,948…-$2,380] · 8% credit
80%
surv 75%
-$19,467 NOT
cap gain +$57,088
budget: banked $2,860 debit $2,793 (98% used ≈ 1.1 wk of income) → whole cycle still +$67 cash · rolled 2 ct earn ≈ $12,883/mo while parked; 0 ct free to re-sell
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$10,725/mo
vs 50% target ($15,715/mo)-32%
vs normal income ($31,431/mo)34% covered
Net income (after hedge)$10,262/mo
Downside budget
⚠ $1017.50 is $232 below CC-SS $1249.24: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$43,488
… as % of IC ($50,000)87.0%
… as % of ML ($198,000)22.0%
Recovery months (at normal income)1.4 mo
Surgical close (2 ct)$-76,745
Tripwiresprice and time left decide together; the matrix is the playbook
The one rule: roll when the short call's remaining TIME VALUE < $3.58/sh (~25% of the $14.30 collected) or spot ≥ $1,032.75 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $1,018)); NOT the premium you collected. Momentum override: two daily closes above $1,229.80 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 5d left3-4d left≤ 2d (expiry)
Below $1,007.33Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$1,007-1,032.75
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
≥ $1,032.75
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)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$1,017.50 (1.1σ)$2,860$-44,407+$32,148+$2,750
+2.5%$1,042.94 (1.3σ)$-2,228$-44,224+$32,331-$2,338
+5%$1,068.38 (1.5σ)$-7,315$-44,041+$32,514-$7,425
SS (= V-bounce)$1,220.00 (2.6σ)$-37,640$-42,949+$33,606-$37,750
V-BOUNCE STRESS (stock → CC-SS $1249.24, where you are whole again, by expiry)
Starting unrealized P&L: $-76,555
+ Fortress recovery (un-capped): +$77,304
− CC assignment net of premium (2 × $1017.50): -$43,488
Total Position P&L @ SS: $-42,739 (+$33,816 vs today)
Do-nothing baseline at SS: $-4,989 (this trade vs do-nothing: $-37,750, the opportunity cost of earning $10,725/mo FIGHT income now)
🎯 50% normal2 × $98024 Jul8d11.9%79%34%$4,250$15,938$49,598
Sell 2 × $980 11.9% OTM over spot $876.15 24 Jul 2026 (8d, $22.70 mid)
= $4,250 credit for the 8d cycle → $15,938/mo projected
Survival (stays ≤ $980)
79%
Breach risk
21%
POP (stays ≤ $1002.70)
83%
EV / mo
+$6,536
📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo)   whole in 1.7 mo [0.9-3.9] median  ·  63% of paths whole by 9 mo (vs 54% without)  ·  ~6.4 challenges expected  ·  median CC cash $31,453
🛡 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)
34%
Flat exit net (mid-life)
-$5,885
Free roll-up
none
Safest escape (by 7 Aug 2026)
$1,149 @ 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 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $71.63/sh now → $50.68 mid-life (likely $53.40–$83.07)≈ $0 at expiry  |  you banked $21.25/sh, so a flat mid-life exit nets -$29.43/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 1,026 simulated challenges: the $980 strike is typically first touched on day 4 of 8, at $1,012 (overshoots $31.87). 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.
MoveNew strike ≈New expiryTenorEst netTotal (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%)~$1,0397 Aug 202618d left+$10.16/sh+$2,031
cycle +$6,281
[-$514…+$2,398] · 66% credit
74%
surv 65%
-$36,562 NOT
cap gain +$39,993
Roll out (same strike, buy time)~$98027 Jul 20267d left+$1.55/sh+$310
cycle +$4,560
[-$1,049…+$731] · 37% credit
67%
surv 53%
-$50,477 NOT
cap gain +$26,078
Max even-money escape in the band~$1,0647 Aug 202618d left+$1.72/sh+$344
cycle +$4,594
[-$2,528…+$475] · 31% credit
76%
surv 69%
-$33,069 NOT
cap gain +$43,486
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)~$1,1497 Aug 202618d left-$21.09/sh-$4,218
cycle +$32
[-$8,303…-$4,458] · 2% credit
83%
surv 80%
-$20,019 NOT
cap gain +$56,536
budget: banked $4,250 debit $4,218 (99% used ≈ 1.1 wk of income) → whole cycle still +$32 cash · rolled 2 ct earn ≈ $9,862/mo while parked; 0 ct free to re-sell
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$15,938/mo
vs 50% target ($15,715/mo)+1%
vs normal income ($31,431/mo)51% covered
Net income (after hedge)$15,474/mo
Downside budget
⚠ $980 is $269 below CC-SS $1249.24: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$49,598
… as % of IC ($50,000)99.2%
… as % of ML ($198,000)25.0%
Recovery months (at normal income)1.6 mo
Surgical close (2 ct)$-76,845
Tripwiresprice and time left decide together; the matrix is the playbook
The one rule: roll when the short call's remaining TIME VALUE < $5.31/sh (~25% of the $21.25 collected) or spot ≥ $1,002.70 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $980)); NOT the premium you collected. Momentum override: two daily closes above $1,229.80 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 5d left3-4d left≤ 2d (expiry)
Below $970.20Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$970-1,002.70
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
≥ $1,002.70
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)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$980.00 (≤1σ, normal week)$4,250$-50,787+$25,768+$4,140
+2.5%$1,004.50 (≤1σ, normal week)$-650$-50,611+$25,944-$760
+5%$1,029.00 (1.2σ)$-5,550$-50,434+$26,121-$5,660
SS (= V-bounce)$1,220.00 (2.6σ)$-43,750$-49,059+$27,496-$43,860
V-BOUNCE STRESS (stock → CC-SS $1249.24, where you are whole again, by expiry)
Starting unrealized P&L: $-76,555
+ Fortress recovery (un-capped): +$77,304
− CC assignment net of premium (2 × $980): -$49,598
Total Position P&L @ SS: $-48,849 (+$27,706 vs today)
Do-nothing baseline at SS: $-4,989 (this trade vs do-nothing: $-43,860, the opportunity cost of earning $15,938/mo FIGHT income now)
100% normal2 × $91024 Jul8d3.9%62%80%$8,540$32,025+$16,088$59,308
Sell 2 × $910 3.9% OTM over spot $876.15 24 Jul 2026 (8d, $44.55 mid)
= $8,540 credit for the 8d cycle → $32,025/mo projected
Survival (stays ≤ $910)
62%
Breach risk
38%
POP (stays ≤ $954.55)
73%
EV / mo
+$7,217
📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo)   whole in 1.4 mo [0.7-3.1] median  ·  63% of paths whole by 9 mo (vs 50% without)  ·  ~15.3 challenges expected  ·  median CC cash $36,451
🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it)
Challenge odds (touch by expiry)
64%
Flat exit net (mid-life)
-$871
Free roll-up
+$9/wk
Safest escape (by 7 Aug 2026)
$1,174 @ 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 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $66.51/sh now → $47.06 mid-life (likely $61.84–$86.26)≈ $0 at expiry  |  you banked $42.70/sh, so a flat mid-life exit nets -$4.36/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 1,910 simulated challenges: the $910 strike is typically first touched on day 3 of 8, at $942 (overshoots $31.94). 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.
MoveNew strike ≈New expiryTenorEst netTotal (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%)~$9597 Aug 202618d left+$14.36/sh+$2,871
cycle +$11,411
[-$198…+$1,581] · 71% credit
73%
surv 64%
-$48,008 NOT
cap gain +$28,547
Roll out (same strike, buy time)~$91027 Jul 20267d left+$3.03/sh+$606
cycle +$9,146
[-$1,177…-$109] · 22% credit
68%
surv 53%
-$60,395 NOT
cap gain +$16,160
Up-and-out for even (raise the cap, free)~$91427 Jul 20267d left+$1.05/sh+$210
cycle +$8,750
[-$1,675…-$572] · 15% credit
68%
surv 54%
-$59,993 NOT
cap gain +$16,562
Max even-money escape in the band~$9997 Aug 202618d left+$0.09/sh+$18
cycle +$8,558
[-$3,721…-$1,467] · 10% credit
77%
surv 70%
-$42,574 NOT
cap gain +$33,981
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)~$1,1747 Aug 202618d left-$32.62/sh-$6,524
cycle +$2,016
[-$12,488…-$8,780]
90%
surv 89%
-$12,855 NOT
cap gain +$63,700
budget: banked $8,540 debit $6,524 (76% used ≈ 0.9 wk of income) → whole cycle still +$2,016 cash · rolled 2 ct earn ≈ $4,812/mo while parked; 0 ct free to re-sell
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$32,025/mo
vs 50% target ($15,715/mo)+104%
vs normal income ($31,431/mo)102% covered
Net income (after hedge)$31,562/mo
Downside budget
⚠ $910 is $339 below CC-SS $1249.24: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$59,308
… as % of IC ($50,000)118.6%
… as % of ML ($198,000)30.0%
Recovery months (at normal income)1.9 mo
Surgical close (2 ct)$-76,925
Tripwiresprice and time left decide together; the matrix is the playbook
The one rule: roll when the short call's remaining TIME VALUE < $10.68/sh (~25% of the $42.70 collected) or spot ≥ $954.55 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $910)); NOT the premium you collected. Momentum override: two daily closes above $1,229.80 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 5d left3-4d left≤ 2d (expiry)
Below $900.90Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$901-954.55
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
≥ $954.55
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)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$910.00 (≤1σ, normal week)$8,540$-61,001+$15,554+$8,430
+2.5%$932.75 (≤1σ, normal week)$3,990$-60,837+$15,718+$3,880
+5%$955.50 (≤1σ, normal week)$-560$-60,674+$15,881-$670
SS (= V-bounce)$1,220.00 (2.6σ)$-53,460$-58,769+$17,786-$53,570
V-BOUNCE STRESS (stock → CC-SS $1249.24, where you are whole again, by expiry)
Starting unrealized P&L: $-76,555
+ Fortress recovery (un-capped): +$77,304
− CC assignment net of premium (2 × $910): -$59,308
Total Position P&L @ SS: $-58,559 (+$17,996 vs today)
Do-nothing baseline at SS: $-4,989 (this trade vs do-nothing: $-53,570, the opportunity cost of earning $32,025/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.
⚔ FIGHT CC options · full candidate scan (157 clear the floor), click to expand

Every eligible strike x expiry in the 4-45 DTE band (7 expiries scanned, 157 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: 1.036 (IBKR)  |  Recovery@SS: +$77,304 (un-capped fortress gain if stock rallies to SS)  |  Do-nothing @ SS: $-4,989

StrikeDTEExpiryBidSellIncome/moNet/moSurvivalPOP (mid)EV/moCap Give-up @ CC-SS%ICTotal P&L @ SS
$9504d20 Jul 2026$10.852/2$16,275$15,81281%84%+$6,802-$57,678115.4%$-56,929 (vs do-nothing $-51,940)
$9454d20 Jul 2026$11.852/2$17,775$17,31280%84%+$7,115-$58,478117.0%$-57,729 (vs do-nothing $-52,740)
$9808d24 Jul 2026$21.252/2$15,938$15,47479%83%+$6,536-$49,59899.2%$-48,849 (vs do-nothing $-43,860)
$9656d22 Jul 2026$15.952/2$15,950$15,48779%83%+$5,101-$53,658107.3%$-52,909 (vs do-nothing $-47,920)
$9758d24 Jul 2026$22.452/2$16,838$16,37478%83%+$6,763-$50,358100.7%$-49,609 (vs do-nothing $-44,620)
$9404d20 Jul 2026$12.952/2$19,425$18,96278%83%+$7,452-$59,258118.5%$-58,509 (vs do-nothing $-53,520)
$9606d22 Jul 2026$16.452/2$16,450$15,98778%82%+$4,682-$54,558109.1%$-53,809 (vs do-nothing $-48,820)
$9708d24 Jul 2026$23.652/2$17,738$17,27477%82%+$6,950-$51,118102.2%$-50,369 (vs do-nothing $-45,380)
$9354d20 Jul 2026$14.152/2$21,225$20,76277%81%+$7,806-$60,018120.0%$-59,269 (vs do-nothing $-54,280)
$9556d22 Jul 2026$18.252/2$18,250$17,78777%81%+$5,500-$55,198110.4%$-54,449 (vs do-nothing $-49,460)
$9658d24 Jul 2026$24.502/2$18,375$17,91276%81%+$6,832-$51,948103.9%$-51,199 (vs do-nothing $-46,210)
$9506d22 Jul 2026$19.702/2$19,700$19,23775%80%+$5,901-$55,908111.8%$-55,159 (vs do-nothing $-50,170)
$9304d20 Jul 2026$15.552/2$23,325$22,86275%80%+$8,317-$60,738121.5%$-59,989 (vs do-nothing $-55,000)
Show 144 more candidates (lower strikes: more income, lower survival)

Showing the 60 next-safest rows of 144.

StrikeDTEExpiryBidSellIncome/moNet/moSurvivalPOP (mid)EV/moCap Give-up @ CC-SS%ICTotal P&L @ SS
$9608d24 Jul 2026$26.252/2$19,688$19,22475%80%+$6,294-$52,598105.2%$-51,849 (vs do-nothing $-46,860)
$9456d22 Jul 2026$20.152/2$20,150$19,68774%79%+$5,233-$56,818113.6%$-56,069 (vs do-nothing $-51,080)
$9558d24 Jul 2026$28.002/2$21,000$20,53773%79%+$6,707-$53,248106.5%$-52,499 (vs do-nothing $-47,510)
$97515d31 Jul 2026$39.502/2$15,800$15,33773%79%+$5,011-$46,94893.9%$-46,199 (vs do-nothing $-41,210)
$9254d20 Jul 2026$16.252/2$24,375$23,91273%79%+$7,627-$61,598123.2%$-60,849 (vs do-nothing $-55,860)
$952.508d24 Jul 2026$28.252/2$21,188$20,72473%79%+$6,426-$53,698107.4%$-52,949 (vs do-nothing $-47,960)
$9406d22 Jul 2026$22.502/2$22,500$22,03773%79%+$6,392-$57,348114.7%$-56,599 (vs do-nothing $-51,610)
$95511d27 Jul 2026$29.152/2$15,900$15,43772%79%+$3,923-$53,018106.0%$-52,269 (vs do-nothing $-47,280)
$97015d31 Jul 2026$41.302/2$16,520$16,05772%79%+$5,236-$47,58895.2%$-46,839 (vs do-nothing $-41,850)
$9508d24 Jul 2026$29.352/2$22,012$21,54972%79%+$6,770-$53,978108.0%$-53,229 (vs do-nothing $-48,240)
$96013d29 Jul 2026$34.552/2$15,946$15,48372%78%+$3,999-$50,938101.9%$-50,189 (vs do-nothing $-45,200)
$947.508d24 Jul 2026$29.902/2$22,425$21,96272%78%+$6,689-$54,368108.7%$-53,619 (vs do-nothing $-48,630)
$96515d31 Jul 2026$41.652/2$16,660$16,19772%79%+$4,861-$48,51897.0%$-47,769 (vs do-nothing $-42,780)
$95011d27 Jul 2026$30.952/2$16,882$16,41971%78%+$4,179-$53,658107.3%$-52,909 (vs do-nothing $-47,920)
$9356d22 Jul 2026$23.652/2$23,650$23,18771%78%+$6,276-$58,118116.2%$-57,369 (vs do-nothing $-52,380)
$9458d24 Jul 2026$30.702/2$23,025$22,56271%78%+$6,782-$54,708109.4%$-53,959 (vs do-nothing $-48,970)
$9204d20 Jul 2026$18.452/2$27,675$27,21271%78%+$9,026-$62,158124.3%$-61,409 (vs do-nothing $-56,420)
$95513d29 Jul 2026$36.152/2$16,685$16,22271%78%+$4,113-$51,618103.2%$-50,869 (vs do-nothing $-45,880)
$96015d31 Jul 2026$43.752/2$17,500$17,03771%78%+$5,168-$49,09898.2%$-48,349 (vs do-nothing $-43,360)
$942.508d24 Jul 2026$31.452/2$23,588$23,12471%78%+$6,824-$55,058110.1%$-54,309 (vs do-nothing $-49,320)
$94511d27 Jul 2026$32.352/2$17,645$17,18270%77%+$4,181-$54,378108.8%$-53,629 (vs do-nothing $-48,640)
$9408d24 Jul 2026$31.352/2$23,512$23,04970%77%+$6,216-$55,578111.2%$-54,829 (vs do-nothing $-49,840)
$95013d29 Jul 2026$37.802/2$17,446$16,98370%77%+$4,222-$52,288104.6%$-51,539 (vs do-nothing $-46,550)
$9306d22 Jul 2026$25.502/2$25,500$25,03770%77%+$6,782-$58,748117.5%$-57,999 (vs do-nothing $-53,010)
$95515d31 Jul 2026$45.452/2$18,180$17,71770%77%+$5,295-$49,75899.5%$-49,009 (vs do-nothing $-44,020)
$937.508d24 Jul 2026$33.002/2$24,750$24,28769%77%+$6,906-$55,748111.5%$-54,999 (vs do-nothing $-50,010)
$952.5015d31 Jul 2026$46.452/2$18,580$18,11769%77%+$5,411-$50,058100.1%$-49,309 (vs do-nothing $-44,320)
$94011d27 Jul 2026$34.702/2$18,927$18,46469%77%+$4,665-$54,908109.8%$-54,159 (vs do-nothing $-49,170)
$9154d20 Jul 2026$20.052/2$30,075$29,61269%77%+$9,356-$62,838125.7%$-62,089 (vs do-nothing $-57,100)
$94513d29 Jul 2026$39.452/2$18,208$17,74569%77%+$4,303-$52,958105.9%$-52,209 (vs do-nothing $-47,220)
$95015d31 Jul 2026$47.052/2$18,820$18,35769%77%+$5,361-$50,438100.9%$-49,689 (vs do-nothing $-44,700)
$9358d24 Jul 2026$33.752/2$25,312$24,84969%77%+$6,908-$56,098112.2%$-55,349 (vs do-nothing $-50,360)
$947.5015d31 Jul 2026$47.102/2$18,840$18,37769%77%+$5,087-$50,928101.9%$-50,179 (vs do-nothing $-45,190)
$9256d22 Jul 2026$27.002/2$27,000$26,53768%76%+$6,857-$59,448118.9%$-58,699 (vs do-nothing $-53,710)
$932.508d24 Jul 2026$34.502/2$25,875$25,41268%76%+$6,896-$56,448112.9%$-55,699 (vs do-nothing $-50,710)
$94515d31 Jul 2026$47.952/2$19,180$18,71768%77%+$5,128-$51,258102.5%$-50,509 (vs do-nothing $-45,520)
$93511d27 Jul 2026$35.752/2$19,500$19,03768%76%+$4,401-$55,698111.4%$-54,949 (vs do-nothing $-49,960)
$94013d29 Jul 2026$41.202/2$19,015$18,55268%76%+$4,401-$53,608107.2%$-52,859 (vs do-nothing $-47,870)
$9308d24 Jul 2026$35.152/2$26,362$25,89968%76%+$6,794-$56,818113.6%$-56,069 (vs do-nothing $-51,080)
$95022d7 Aug 2026$58.552/2$15,968$15,50567%76%+$3,435-$48,13896.3%$-47,389 (vs do-nothing $-42,400)
$94015d31 Jul 2026$49.652/2$19,860$19,39767%76%+$5,193-$51,918103.8%$-51,169 (vs do-nothing $-46,180)
$9104d20 Jul 2026$21.701/2$16,275$15,93967%76%+$4,792-$31,75463.5%$-33,874 (vs do-nothing $-28,885)
$9206d22 Jul 2026$28.652/2$28,650$28,18767%75%+$6,998-$60,118120.2%$-59,369 (vs do-nothing $-54,380)
$93513d29 Jul 2026$43.002/2$19,846$19,38367%76%+$4,494-$54,248108.5%$-53,499 (vs do-nothing $-48,510)
$93011d27 Jul 2026$37.602/2$20,509$20,04667%76%+$4,535-$56,328112.7%$-55,579 (vs do-nothing $-50,590)
$94522d7 Aug 2026$60.402/2$16,473$16,01067%75%+$3,506-$48,76897.5%$-48,019 (vs do-nothing $-43,030)
$9258d24 Jul 2026$35.702/2$26,775$26,31266%75%+$5,986-$57,708115.4%$-56,959 (vs do-nothing $-51,970)
$93515d31 Jul 2026$51.402/2$20,560$20,09766%76%+$5,257-$52,568105.1%$-51,819 (vs do-nothing $-46,830)
$93013d29 Jul 2026$44.852/2$20,700$20,23766%75%+$4,579-$54,878109.8%$-54,129 (vs do-nothing $-49,140)
$94022d7 Aug 2026$62.202/2$16,964$16,50166%75%+$3,552-$49,40898.8%$-48,659 (vs do-nothing $-43,670)
$92511d27 Jul 2026$39.502/2$21,545$21,08266%75%+$4,656-$56,948113.9%$-56,199 (vs do-nothing $-51,210)
$9156d22 Jul 2026$29.052/2$29,050$28,58765%75%+$5,803-$61,038122.1%$-60,289 (vs do-nothing $-55,300)
$93015d31 Jul 2026$53.802/2$21,520$21,05765%75%+$5,559-$53,088106.2%$-52,339 (vs do-nothing $-47,350)
$9208d24 Jul 2026$39.002/2$29,250$28,78765%75%+$7,181-$58,048116.1%$-57,299 (vs do-nothing $-52,310)
$93522d7 Aug 2026$64.152/2$17,495$17,03265%75%+$3,626-$50,018100.0%$-49,269 (vs do-nothing $-44,280)
$9054d20 Jul 2026$21.851/2$16,388$16,05165%74%+$3,687-$32,23964.5%$-34,359 (vs do-nothing $-29,370)
$92513d29 Jul 2026$46.752/2$21,577$21,11465%75%+$4,657-$55,498111.0%$-54,749 (vs do-nothing $-49,760)
$92011d27 Jul 2026$41.452/2$22,609$22,14665%74%+$4,764-$57,558115.1%$-56,809 (vs do-nothing $-51,820)
$92515d31 Jul 2026$56.002/2$22,400$21,93764%75%+$5,758-$53,648107.3%$-52,899 (vs do-nothing $-47,910)
$93022d7 Aug 2026$66.102/2$18,027$17,56464%74%+$3,687-$50,628101.3%$-49,879 (vs do-nothing $-44,890)

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  |  2026-07-16 21:38