10 contracts (1,000 sh) | BE SS: $108.93 | CC-SS: $114.32 (banked floor $112.79) | IV: HIGH | Accounts: Main:1299
| Max Loss | $47,850 | (ND $27.85 + SW $20) x 1000 |
| Normal income ref | $9,429/mo | 95% ann ROI on ML |
| Hedge rolling cost | $2,643/mo | |
| Unrealized P&L | $-15,650 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 10 contracts). The master ranks the two by E[net]/mo to pick one grand pick; both are shown here so you can choose the tenor that fits your roll cadence.
| Track | Expiry | Sell | Survival | Income/mo | E[net]/mo |
|---|---|---|---|---|---|
| NEXT FRIDAY 🏆 | 31 Jul 2026 · 7d | 10 × $104 | 80% | $4,714 | $1,283 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | FIGHT edge | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▸ | cover hedge | 8 × $106 | 31 Jul | 7d | 9.6% | 88% | 25% | +1pp | $656 | $2,811 | -$1,903 | $5,997 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 8 × $106 9.6% OTM over spot $96.74 31 Jul 2026 (7d, $0.85 mid) = $656 credit for the 7d cycle → $2,811/mo projected Survival (stays ≤ $106) 88% Breach risk 12% POP (stays ≤ $106.86) 89% EV / mo +$1,725 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +1pp 64% whole by 9mo vs 64% doing nothing FIRE DRILLS ~1.2/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $-392/mo median; plan ~$-267/mo after 68% keep · $-1,291 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.3 mo [0.7-2.6], measured ONLY among the 64% of futures that got whole 🛡 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) -$1,597 Free roll-up +$2/wk Safest escape (by 21 Aug 2026) $118 @ 83% POP 80% survival Roll menuyour doors if the call gets challenged; each row = buy back the 8 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.98/sh now → $2.82 mid-life (likely $2.55–$4.40) → ≈ $0 at expiry | you banked $0.82/sh, so a flat mid-life exit nets -$2.00/sh | roll rows are incremental, the banked premium stays yours 📊 Across 603 simulated challenges: the $106 strike is typically first touched on day 5 of 7, at $108 (overshoots $2.02). 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 ⚠ $106 is $8 below CC-SS $114.32: 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 < $0.20/sh (~25% of the $0.82 collected) or spot ≥ $106.86 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $106)); NOT the premium you collected. Momentum override: two daily closes above $113.90 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.84 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $114.32, where you are whole again, by expiry) Starting unrealized P&L: $-15,650 + Fortress recovery (un-capped): +$14,783 − CC assignment net of premium (8 × $106): -$5,997 − Conservative CC assignment net of premium (2 × $109): -$855 Total Position P&L @ SS: $-7,720 (+$7,930 vs today) Do-nothing baseline at SS: $-5,144 (this trade vs do-nothing: $-2,576, the opportunity cost of earning $2,811/mo FIGHT income now) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 9 × $106 | 31 Jul | 7d | 9.6% | 88% | 25% | +2pp | $738 | $3,163 | -$1,551 | $6,747 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 9 × $106 9.6% OTM over spot $96.74 31 Jul 2026 (7d, $0.85 mid) = $738 credit for the 7d cycle → $3,163/mo projected Survival (stays ≤ $106) 88% Breach risk 12% POP (stays ≤ $106.86) 89% EV / mo +$1,940 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +2pp 68% whole by 9mo vs 66% doing nothing FIRE DRILLS ~1.1/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $-408/mo median; plan ~$-277/mo after 68% keep · $-973 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.4 mo [0.6-2.8], measured ONLY among the 68% of futures that got whole 🛡 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) 19% Flat exit net (mid-life) -$1,797 Free roll-up +$2/wk Safest escape (by 21 Aug 2026) $118 @ 83% POP 80% survival Roll menuyour doors if the call gets challenged; each row = buy back the 9 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.98/sh now → $2.82 mid-life (likely $2.72–$4.45) → ≈ $0 at expiry | you banked $0.82/sh, so a flat mid-life exit nets -$2.00/sh | roll rows are incremental, the banked premium stays yours 📊 Across 584 simulated challenges: the $106 strike is typically first touched on day 4 of 7, at $108 (overshoots $1.97). 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 ⚠ $106 is $8 below CC-SS $114.32: 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 < $0.20/sh (~25% of the $0.82 collected) or spot ≥ $106.86 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $106)); NOT the premium you collected. Momentum override: two daily closes above $113.90 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.84 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $114.32, where you are whole again, by expiry) Starting unrealized P&L: $-15,650 + Fortress recovery (un-capped): +$14,783 − CC assignment net of premium (9 × $106): -$6,747 − Conservative CC assignment net of premium (1 × $109): -$428 Total Position P&L @ SS: $-8,042 (+$7,608 vs today) Do-nothing baseline at SS: $-5,144 (this trade vs do-nothing: $-2,898, the opportunity cost of earning $3,163/mo FIGHT income now) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 10 × $104 | 31 Jul | 7d | 7.5% | 80% | 29% | +4pp | $1,100 | $4,714 | — | $9,216 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 10 × $104 7.5% OTM over spot $96.74 31 Jul 2026 (7d, $1.17 mid) = $1,100 credit for the 7d cycle → $4,714/mo projected Survival (stays ≤ $104) 80% Breach risk 20% POP (stays ≤ $105.17) 84% EV / mo +$1,712 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +4pp 70% whole by 9mo vs 66% doing nothing FIRE DRILLS ~1.9/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $-133/mo median; plan ~$-90/mo after 68% keep · $-310 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.1 mo [0.5-2.5], measured ONLY among the 70% of futures that got whole 🛡 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) 29% Flat exit net (mid-life) -$1,664 Free roll-up +$2/wk Safest escape (by 21 Aug 2026) $118 @ 86% POP 83% survival Roll menuyour doors if the call gets challenged; each row = buy back the 10 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.91/sh now → $2.76 mid-life (likely $2.96–$4.66) → ≈ $0 at expiry | you banked $1.10/sh, so a flat mid-life exit nets -$1.66/sh | roll rows are incremental, the banked premium stays yours 📊 Across 869 simulated challenges: the $104 strike is typically first touched on day 4 of 7, at $106 (overshoots $2.05). 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 ⚠ $104 is $10 below CC-SS $114.32: 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 < $0.28/sh (~25% of the $1.10 collected) or spot ≥ $105.17 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $104)); NOT the premium you collected. Momentum override: two daily closes above $113.90 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.84 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $114.32, where you are whole again, by expiry) Starting unrealized P&L: $-15,650 + Fortress recovery (un-capped): +$14,783 − CC assignment net of premium (10 × $104): -$9,216 Total Position P&L @ SS: $-10,084 (+$5,566 vs today) Do-nothing baseline at SS: $-5,144 (this trade vs do-nothing: $-4,940, the opportunity cost of earning $4,714/mo FIGHT income now) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 9 × $99 | 31 Jul | 7d | 2.3% | 62% | 78% | +7pp | $2,277 | $9,759 | +$5,044 | $11,508 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 9 × $99 2.3% OTM over spot $96.74 31 Jul 2026 (7d, $2.60 mid) = $2,277 credit for the 7d cycle → $9,759/mo projected Survival (stays ≤ $99) 62% Breach risk 38% POP (stays ≤ $101.61) 73% EV / mo +$2,402 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +7pp 74% whole by 9mo vs 67% doing nothing FIRE DRILLS ~4.4/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $868/mo median; plan ~$590/mo after 68% keep · $1,899 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.1 mo [0.5-2.3], measured ONLY among the 74% of futures that got whole 🛡 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) -$91 Free roll-up +$2/wk Safest escape (by 21 Aug 2026) $118 @ 90% POP 89% survival Roll menuyour doors if the call gets challenged; each row = buy back the 9 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.72/sh now → $2.63 mid-life (likely $3.45–$4.85) → ≈ $0 at expiry | you banked $2.53/sh, so a flat mid-life exit nets -$0.10/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,914 simulated challenges: the $99 strike is typically first touched on day 3 of 7, at $101 (overshoots $1.97). 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 ⚠ $99 is $15 below CC-SS $114.32: 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 < $0.63/sh (~25% of the $2.53 collected) or spot ≥ $101.61 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $99)); NOT the premium you collected. Momentum override: two daily closes above $113.90 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.84 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $114.32, where you are whole again, by expiry) Starting unrealized P&L: $-15,650 + Fortress recovery (un-capped): +$14,783 − CC assignment net of premium (9 × $99): -$11,508 − Conservative CC assignment net of premium (1 × $109): -$428 Total Position P&L @ SS: $-12,803 (+$2,847 vs today) Do-nothing baseline at SS: $-5,144 (this trade vs do-nothing: $-7,659, the opportunity cost of earning $9,759/mo FIGHT income now) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (4 expiries scanned, 33 clear the income floor), each sized to the minimum contracts that clear it. Sorted by survival (safest first): the primary 🎯 is the safest; rows below trade safety for income.
Fortress delta: 0.841 (IBKR) | Recovery@SS: +$14,783 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-5,144
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $104 | 7d | 31 Jul 2026 | $1.10 | 10/10 | $4,714 | $2,071 | 80% | 84% | +$1,712 | -$9,216 | 33.1% | $-10,084 (vs do-nothing $-4,940) |
| $103 | 7d | 31 Jul 2026 | $1.28 | 9/10 | $4,937 | $2,517 | 77% | 82% | +$1,606 | -$9,033 | 32.4% | $-10,328 (vs do-nothing $-5,184) |
| $102 | 7d | 31 Jul 2026 | $1.55 | 8/10 | $5,314 | $3,117 | 74% | 79% | +$1,676 | -$8,613 | 30.9% | $-10,336 (vs do-nothing $-5,192) |
| $103 | 14d | 7 Aug 2026 | $2.31 | 10/10 | $4,950 | $2,307 | 72% | 79% | +$1,562 | -$9,006 | 32.3% | $-9,874 (vs do-nothing $-4,730) |
| $101 | 7d | 31 Jul 2026 | $1.84 | 6/10 | $4,731 | $2,980 | 71% | 79% | +$1,815 | -$6,886 | 24.7% | $-9,464 (vs do-nothing $-4,320) |
| $102 | 14d | 7 Aug 2026 | $2.61 | 9/10 | $5,034 | $2,614 | 70% | 77% | +$1,486 | -$8,736 | 31.4% | $-10,031 (vs do-nothing $-4,887) |
| $101 | 14d | 7 Aug 2026 | $2.90 | 8/10 | $4,971 | $2,774 | 67% | 75% | +$1,317 | -$8,333 | 29.9% | $-10,056 (vs do-nothing $-4,912) |
| $100 | 7d | 31 Jul 2026 | $2.14 | 6/10 | $5,503 | $3,751 | 66% | 75% | +$1,444 | -$7,306 | 26.2% | $-9,884 (vs do-nothing $-4,740) |
| $101 | 21d | 14 Aug 2026 | $3.55 | 10/10 | $5,071 | $2,429 | 65% | 74% | +$868 | -$9,766 | 35.1% | $-10,634 (vs do-nothing $-5,490) |
| $101 | 28d | 21 Aug 2026 | $4.50 | 10/10 | $4,821 | $2,179 | 64% | 73% | +$1,007 | -$8,816 | 31.7% | $-9,684 (vs do-nothing $-4,540) |
| $100 | 14d | 7 Aug 2026 | $3.20 | 7/10 | $4,800 | $2,826 | 63% | 73% | +$1,108 | -$7,781 | 27.9% | $-9,932 (vs do-nothing $-4,788) |
| $99 | 7d | 31 Jul 2026 | $2.53 | 5/10 | $5,421 | $3,893 | 62% | 73% | +$1,334 | -$6,393 | 23.0% | $-9,399 (vs do-nothing $-4,255) |
| $100 | 21d | 14 Aug 2026 | $4.00 | 9/10 | $5,143 | $2,723 | 62% | 72% | +$905 | -$9,285 | 33.3% | $-10,580 (vs do-nothing $-5,436) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $100 | 28d | 21 Aug 2026 | $5.05 | 9/10 | $4,870 | $2,450 | 61% | 72% | +$1,088 | -$8,340 | 29.9% | $-9,635 (vs do-nothing $-4,491) |
| $99 | 14d | 7 Aug 2026 | $3.55 | 7/10 | $5,325 | $3,351 | 60% | 72% | +$1,081 | -$8,236 | 29.6% | $-10,387 (vs do-nothing $-5,243) |
| $99 | 21d | 14 Aug 2026 | $4.50 | 8/10 | $5,143 | $2,946 | 59% | 71% | +$935 | -$8,653 | 31.1% | $-10,376 (vs do-nothing $-5,232) |
| $99 | 28d | 21 Aug 2026 | $5.30 | 9/10 | $5,111 | $2,691 | 59% | 71% | +$953 | -$9,015 | 32.4% | $-10,310 (vs do-nothing $-5,166) |
| $98 | 7d | 31 Jul 2026 | $2.93 | 4/10 | $5,023 | $3,717 | 58% | 70% | +$1,100 | -$5,355 | 19.2% | $-8,788 (vs do-nothing $-3,644) |
| $98 | 14d | 7 Aug 2026 | $3.95 | 6/10 | $5,079 | $3,327 | 57% | 70% | +$915 | -$7,420 | 26.6% | $-9,998 (vs do-nothing $-4,854) |
| $98 | 21d | 14 Aug 2026 | $4.75 | 7/10 | $4,750 | $2,776 | 56% | 70% | +$649 | -$8,096 | 29.1% | $-10,247 (vs do-nothing $-5,103) |
| $98 | 28d | 21 Aug 2026 | $5.85 | 8/10 | $5,014 | $2,817 | 56% | 70% | +$958 | -$8,373 | 30.1% | $-10,096 (vs do-nothing $-4,952) |
| $97 | 28d | 21 Aug 2026 | $6.25 | 8/10 | $5,357 | $3,160 | 54% | 69% | +$915 | -$8,853 | 31.8% | $-10,576 (vs do-nothing $-5,432) |
| $97 | 21d | 14 Aug 2026 | $5.25 | 7/10 | $5,250 | $3,276 | 54% | 69% | +$702 | -$8,446 | 30.3% | $-10,597 (vs do-nothing $-5,453) |
| $97 | 14d | 7 Aug 2026 | $4.40 | 5/10 | $4,714 | $3,186 | 53% | 69% | +$761 | -$6,458 | 23.2% | $-9,464 (vs do-nothing $-4,320) |
| $97 | 7d | 31 Jul 2026 | $3.25 | 4/10 | $5,571 | $4,266 | 53% | 68% | +$900 | -$5,627 | 20.2% | $-9,060 (vs do-nothing $-3,916) |
| $96 | 28d | 21 Aug 2026 | $6.70 | 7/10 | $5,025 | $3,051 | 51% | 68% | +$776 | -$8,131 | 29.2% | $-10,282 (vs do-nothing $-5,138) |
| $96 | 21d | 14 Aug 2026 | $5.65 | 6/10 | $4,843 | $3,091 | 51% | 67% | +$530 | -$7,600 | 27.3% | $-10,178 (vs do-nothing $-5,034) |
| $96 | 14d | 7 Aug 2026 | $5.00 | 5/10 | $5,357 | $3,829 | 50% | 67% | +$875 | -$6,658 | 23.9% | $-9,664 (vs do-nothing $-4,520) |
| $95 | 28d | 21 Aug 2026 | $7.25 | 7/10 | $5,438 | $3,463 | 49% | 67% | +$803 | -$8,446 | 30.3% | $-10,597 (vs do-nothing $-5,453) |
| $96 | 7d | 31 Jul 2026 | $3.75 | 3/10 | $4,821 | $3,739 | 48% | 66% | +$683 | -$4,370 | 15.7% | $-8,231 (vs do-nothing $-3,087) |
| $95 | 21d | 14 Aug 2026 | $6.20 | 6/10 | $5,314 | $3,563 | 48% | 66% | +$557 | -$7,870 | 28.3% | $-10,448 (vs do-nothing $-5,304) |
| $95 | 14d | 7 Aug 2026 | $5.40 | 5/10 | $5,786 | $4,257 | 46% | 66% | +$728 | -$6,958 | 25.0% | $-9,964 (vs do-nothing $-4,820) |
| $95 | 7d | 31 Jul 2026 | $4.45 | 3/10 | $5,721 | $4,639 | 43% | 65% | +$873 | -$4,460 | 16.0% | $-8,321 (vs do-nothing $-3,177) |
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 10 contracts at the conservative CC.