50 contracts (5,000 sh) | BE SS: $23.65 | CC-SS: $21.79 | IV: HIGH | Accounts: Joint:1782
| Max Loss | $30,601 | (ND $-16.88 + SW $23) x 5000 |
| Normal income ref | $16,286/mo | 95% ann ROI on ML |
| Hedge rolling cost | $2,421/mo | |
| Unrealized P&L | $6,175 | fortress legs from IBKR |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 50 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 🏆 | 17 Jul 2026 · 7d | 44 × $24 | 79% | $8,297 | $2,237 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 41 × $26.50 | 17 Jul | 7d | 21.6% | 93% | 14% | $574 | $2,460 | -$5,837 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 41 × $26.50 21.6% OTM over spot $21.79 17 Jul 2026 (7d, $0.16 mid) = $574 credit for the 7d cycle → $2,460/mo projected Survival (stays ≤ $26.50) 93% Breach risk 7% POP (stays ≤ $26.66) 94% EV / mo +$1,484 🛡 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) -$4,511 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $30 @ 78% POP 73% survival Roll menuyour doors if the call gets challenged; each row = buy back the 41 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: $1.75/sh now → $1.24 mid-life (likely $0.93–$1.66) → ≈ $0 at expiry | you banked $0.14/sh, so a flat mid-life exit nets -$1.10/sh | roll rows are incremental, the banked premium stays yours 📊 Across 211 simulated challenges: the $26 strike is typically first touched on day 5 of 7, at $27 (overshoots $0.62). 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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ✓ $26.50 is at/above CC-SS $21.79: 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 < $0.04/sh (~25% of the $0.14 collected) or spot ≥ $26.66 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $26)); NOT the premium you collected. Momentum override: two daily closes above $31.21 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.27 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $21.79, where you are whole again, by expiry) Starting unrealized P&L: $6,175 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (41 × $26.50): -$0 + Conservative CC premium (9 × $23.50): +$846 Total Position P&L @ SS: $7,021 (+$846 vs today) Do-nothing baseline at SS: $10,875 (this trade vs do-nothing: $-3,854, the opportunity cost of earning $2,460/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 50 × $26 | 17 Jul | 7d | 19.3% | 91% | 18% | $850 | $3,643 | -$4,654 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 50 × $26 19.3% OTM over spot $21.79 17 Jul 2026 (7d, $0.18 mid) = $850 credit for the 7d cycle → $3,643/mo projected Survival (stays ≤ $26) 91% Breach risk 9% POP (stays ≤ $26.18) 92% EV / mo +$2,053 🛡 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) 10% Flat exit net (mid-life) -$5,165 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $29 @ 79% POP 73% survival Roll menuyour doors if the call gets challenged; each row = buy back the 50 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: $1.70/sh now → $1.20 mid-life (likely $0.96–$1.62) → ≈ $0 at expiry | you banked $0.17/sh, so a flat mid-life exit nets -$1.03/sh | roll rows are incremental, the banked premium stays yours 📊 Across 301 simulated challenges: the $26 strike is typically first touched on day 5 of 7, at $27 (overshoots $0.64). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ✓ $26 is at/above CC-SS $21.79: 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 < $0.04/sh (~25% of the $0.17 collected) or spot ≥ $26.18 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $26)); NOT the premium you collected. Momentum override: two daily closes above $31.21 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.27 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $21.79, where you are whole again, by expiry) Starting unrealized P&L: $6,175 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (50 × $26): -$0 Total Position P&L @ SS: $6,175 (+$0 vs today) Do-nothing baseline at SS: $10,875 (this trade vs do-nothing: $-4,700, the opportunity cost of earning $3,643/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 45 × $25 | 17 Jul | 7d | 14.8% | 87% | 27% | $1,260 | $5,400 | -$2,897 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 45 × $25 14.8% OTM over spot $21.79 17 Jul 2026 (7d, $0.29 mid) = $1,260 credit for the 7d cycle → $5,400/mo projected Survival (stays ≤ $25) 87% Breach risk 13% POP (stays ≤ $25.29) 89% EV / mo +$2,766 🛡 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) 18% Flat exit net (mid-life) -$3,826 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $29 @ 82% POP 79% survival Roll menuyour doors if the call gets challenged; each row = buy back the 45 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: $1.60/sh now → $1.13 mid-life (likely $1.05–$1.70) → ≈ $0 at expiry | you banked $0.28/sh, so a flat mid-life exit nets -$0.85/sh | roll rows are incremental, the banked premium stays yours 📊 Across 544 simulated challenges: the $25 strike is typically first touched on day 5 of 7, at $26 (overshoots $0.70). 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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ✓ $25 is at/above CC-SS $21.79: 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 < $0.07/sh (~25% of the $0.28 collected) or spot ≥ $25.29 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $25)); NOT the premium you collected. Momentum override: two daily closes above $31.21 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.27 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $21.79, where you are whole again, by expiry) Starting unrealized P&L: $6,175 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (45 × $25): -$0 + Conservative CC premium (5 × $23.50): +$470 Total Position P&L @ SS: $6,645 (+$470 vs today) Do-nothing baseline at SS: $10,875 (this trade vs do-nothing: $-4,230, the opportunity cost of earning $5,400/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 44 × $24 | 17 Jul | 7d | 10.2% | 79% | 30% | $1,936 | $8,297 | — | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 44 × $24 10.2% OTM over spot $21.79 17 Jul 2026 (7d, $0.46 mid) = $1,936 credit for the 7d cycle → $8,297/mo projected Survival (stays ≤ $24) 79% Breach risk 21% POP (stays ≤ $24.46) 83% EV / mo +$3,478 🛡 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) 30% Flat exit net (mid-life) -$2,725 Free roll-up +$1/wk Safest escape (by 31 Jul 2026) $29 @ 85% POP 82% survival Roll menuyour doors if the call gets challenged; each row = buy back the 44 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: $1.50/sh now → $1.06 mid-life (likely $1.07–$1.74) → ≈ $0 at expiry | you banked $0.44/sh, so a flat mid-life exit nets -$0.62/sh | roll rows are incremental, the banked premium stays yours 📊 Across 910 simulated challenges: the $24 strike is typically first touched on day 4 of 7, at $25 (overshoots $0.63). 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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ✓ $24 is at/above CC-SS $21.79: 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 < $0.11/sh (~25% of the $0.44 collected) or spot ≥ $24.46 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $24)); NOT the premium you collected. Momentum override: two daily closes above $31.21 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.27 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $21.79, where you are whole again, by expiry) Starting unrealized P&L: $6,175 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (44 × $24): -$0 + Conservative CC premium (6 × $23.50): +$564 Total Position P&L @ SS: $6,739 (+$564 vs today) Do-nothing baseline at SS: $10,875 (this trade vs do-nothing: $-4,136, the opportunity cost of earning $8,297/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 45 × $22.50 | 17 Jul | 7d | 3.3% | 63% | 78% | $3,870 | $16,586 | +$8,289 | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 45 × $22.50 3.3% OTM over spot $21.79 17 Jul 2026 (7d, $0.90 mid) = $3,870 credit for the 7d cycle → $16,586/mo projected Survival (stays ≤ $22.50) 63% Breach risk 37% POP (stays ≤ $23.40) 74% EV / mo +$4,496 🛡 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) 62% Flat exit net (mid-life) -$438 Free roll-up +$1/wk Safest escape (by 24 Jul 2026) $27 @ 91% POP 90% survival Roll menuyour doors if the call gets challenged; each row = buy back the 45 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: $1.35/sh now → $0.96 mid-life (likely $1.27–$1.80) → ≈ $0 at expiry | you banked $0.86/sh, so a flat mid-life exit nets -$0.10/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,855 simulated challenges: the $22 strike is typically first touched on day 2 of 7, at $23 (overshoots $0.65). 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 +0.5 vol pt per +1% move (spike-vol name: vol expands on a fast move, richer buyback). 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 ✓ $22.50 is at/above CC-SS $21.79: 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 < $0.21/sh (~25% of the $0.86 collected) or spot ≥ $23.40 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $22)); NOT the premium you collected. Momentum override: two daily closes above $31.21 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.27 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $21.79, where you are whole again, by expiry) Starting unrealized P&L: $6,175 + Fortress recovery (un-capped): +$0 − CC assignment net of premium (45 × $22.50): -$0 + Conservative CC premium (5 × $23.50): +$470 Total Position P&L @ SS: $6,645 (+$470 vs today) Do-nothing baseline at SS: $10,875 (this trade vs do-nothing: $-4,230, the opportunity cost of earning $16,586/mo FIGHT income now) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 17 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: 1.268 (IBKR) | Recovery@SS: +$0 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $10,875
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $24 | 7d | 17 Jul 2026 | $0.44 | 44/50 | $8,297 | $7,085 | 79% | 83% | +$3,478 | -$0 | 0.0% | $8,675 (vs do-nothing $-2,200) |
| $23.50 | 7d | 17 Jul 2026 | $0.55 | 35/50 | $8,250 | $8,851 | 75% | 80% | +$3,030 | -$0 | 0.0% | $9,510 (vs do-nothing $-1,365) |
| $24 | 14d | 24 Jul 2026 | $0.80 | 48/50 | $8,229 | $6,211 | 74% | 80% | +$2,535 | -$0 | 0.0% | $10,203 (vs do-nothing $-672) |
| $24 | 21d | 31 Jul 2026 | $1.20 | 48/50 | $8,229 | $6,211 | 70% | 78% | +$2,133 | -$0 | 0.0% | $12,123 (vs do-nothing +$1,248) |
| $23.50 | 14d | 24 Jul 2026 | $0.94 | 41/50 | $8,259 | $7,651 | 70% | 77% | +$2,283 | -$0 | 0.0% | $10,875 (vs do-nothing +$0) |
| $23 | 7d | 17 Jul 2026 | $0.69 | 28/50 | $8,280 | $10,291 | 69% | 77% | +$2,641 | -$0 | 0.0% | $10,175 (vs do-nothing $-700) |
| $23.50 | 21d | 31 Jul 2026 | $1.36 | 42/50 | $8,160 | $7,351 | 67% | 76% | +$1,927 | -$0 | 0.0% | $12,639 (vs do-nothing +$1,764) |
| $23 | 14d | 24 Jul 2026 | $1.11 | 35/50 | $8,325 | $8,926 | 65% | 75% | +$2,093 | -$0 | 0.0% | $11,470 (vs do-nothing +$595) |
| $23 | 21d | 31 Jul 2026 | $1.54 | 38/50 | $8,360 | $8,357 | 64% | 74% | +$1,795 | -$0 | 0.0% | $13,155 (vs do-nothing +$2,280) |
| $22.50 | 7d | 17 Jul 2026 | $0.86 | 23/50 | $8,477 | $11,495 | 63% | 74% | +$2,298 | -$0 | 0.0% | $10,691 (vs do-nothing $-184) |
| $22.50 | 14d | 24 Jul 2026 | $1.30 | 30/50 | $8,357 | $9,965 | 61% | 73% | +$1,874 | -$0 | 0.0% | $11,955 (vs do-nothing +$1,080) |
| $22.50 | 21d | 31 Jul 2026 | $1.74 | 33/50 | $8,203 | $9,207 | 60% | 72% | +$1,596 | -$0 | 0.0% | $13,515 (vs do-nothing +$2,640) |
| $22 | 21d | 31 Jul 2026 | $1.94 | 30/50 | $8,314 | $9,922 | 56% | 71% | +$1,386 | -$0 | 0.0% | $13,875 (vs do-nothing +$3,000) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $22 | 14d | 24 Jul 2026 | $1.52 | 25/50 | $8,143 | $10,758 | 56% | 70% | +$1,633 | -$0 | 0.0% | $12,325 (vs do-nothing +$1,450) |
| $22 | 7d | 17 Jul 2026 | $1.07 | 18/50 | $8,254 | $12,279 | 56% | 70% | +$1,897 | -$0 | 0.0% | $11,109 (vs do-nothing +$234) |
| $21.50 | 21d | 31 Jul 2026 | $2.18 | 27/50 | $8,409 | $10,621 | 52% | 69% | +$1,252 | -$0 | 0.0% | $13,454 (vs do-nothing +$2,579) |
| $21.50 | 14d | 24 Jul 2026 | $1.76 | 22/50 | $8,297 | $11,517 | 51% | 69% | +$1,447 | -$0 | 0.0% | $12,052 (vs do-nothing +$1,177) |
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 50 contracts at the conservative CC.