6 contracts (600 sh) | BE SS: $141.55 | CC-SS: $148.41 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $69,930 | (ND $26.55 + SW $90) x 600 |
| Normal income ref | $6,646/mo | 95% ann ROI on ML |
| Hedge rolling cost | $258/mo | |
| Unrealized P&L | $-42,189 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 6x $101C 17 Jul 2026 | U18827291 | $1.23 | $738 | 2026-07-07 |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 6 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 · 6d | 6 × $88.50 | 83% | $3,420 | $1,226 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 5 × $105 | 17 Jul | 6d | 30.3% | 99% | 3% | $60 | $300 | -$3,120 | $21,645 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $105 30.3% OTM over spot $80.57 17 Jul 2026 (6d, $0.14 mid) = $60 credit for the 6d cycle → $300/mo projected Survival (stays ≤ $105) 99% Breach risk 1% POP (stays ≤ $105.14) 99% EV / mo +$255 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.7 mo [2.2-5.9] median, 0.1 mo SLOWER than no FIGHT (3.6 mo): roll costs eat the credits at this rung · 28% of paths whole by 9 mo (vs 27% without) · ~0.6 challenges expected · median CC cash $-107 🛡 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) 0% Flat exit net (mid-life) -$1,704 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $112 @ 77% POP 70% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.99/sh now → $3.53 mid-life → ≈ $0 at expiry | you banked $0.12/sh, so a flat mid-life exit nets -$3.41/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 ⚠ $105 is $43 below CC-SS $148.41: 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 < $0.03/sh (~25% of the $0.12 collected) or spot ≥ $105.14 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $105)); NOT the premium you collected. Momentum override: two daily closes above $114.28 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.41, where you are whole again, by expiry) Starting unrealized P&L: $-42,189 + Fortress recovery (un-capped): +$42,088 − CC assignment net of premium (5 × $105): -$21,645 − Conservative CC assignment net of premium (1 × $140): -$840 Total Position P&L @ SS: $-22,586 (+$19,603 vs today) Do-nothing baseline at SS: $-5,141 (this trade vs do-nothing: $-17,445, the opportunity cost of earning $300/mo FIGHT income now) BB-reversion stress (→ $138.18 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$16,530, position total $-22,977 (+$19,212 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 6 × $92 | 17 Jul | 6d | 14.2% | 90% | 20% | $360 | $1,800 | -$1,620 | $33,486 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $92 14.2% OTM over spot $80.57 17 Jul 2026 (6d, $0.69 mid) = $360 credit for the 6d cycle → $1,800/mo projected Survival (stays ≤ $92) 90% Breach risk 10% POP (stays ≤ $92.69) 91% EV / mo +$1,039 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.0 mo [2.6-5.6] median · 31% of paths whole by 9 mo (vs 25% without) · ~5.5 challenges expected · median CC cash $6,658 🛡 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) -$1,495 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $102 @ 81% POP 76% survival Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.37/sh now → $3.09 mid-life (likely $2.72–$5.09) → ≈ $0 at expiry | you banked $0.60/sh, so a flat mid-life exit nets -$2.49/sh | roll rows are incremental, the banked premium stays yours 📊 Across 383 simulated challenges: the $92 strike is typically first touched on day 4 of 6, at $94 (overshoots $2.47). 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 ⚠ $92 is $56 below CC-SS $148.41: 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 < $0.15/sh (~25% of the $0.60 collected) or spot ≥ $92.69 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $92)); NOT the premium you collected. Momentum override: two daily closes above $114.28 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.41, where you are whole again, by expiry) Starting unrealized P&L: $-42,189 + Fortress recovery (un-capped): +$42,088 − CC assignment net of premium (6 × $92): -$33,486 Total Position P&L @ SS: $-33,587 (+$8,602 vs today) Do-nothing baseline at SS: $-5,141 (this trade vs do-nothing: $-28,446, the opportunity cost of earning $1,800/mo FIGHT income now) BB-reversion stress (→ $138.18 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$27,348, position total $-33,796 (+$8,393 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 6 × $91 | 17 Jul | 6d | 12.9% | 88% | 24% | $444 | $2,220 | -$1,200 | $34,002 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $91 12.9% OTM over spot $80.57 17 Jul 2026 (6d, $0.80 mid) = $444 credit for the 6d cycle → $2,220/mo projected Survival (stays ≤ $91) 88% Breach risk 12% POP (stays ≤ $91.81) 90% EV / mo +$1,259 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.1 mo [2.7-6.2] median · 38% of paths whole by 9 mo (vs 30% without) · ~6.5 challenges expected · median CC cash $8,162 🛡 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) 14% Flat exit net (mid-life) -$1,390 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $102 @ 82% POP 78% survival Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.32/sh now → $3.06 mid-life (likely $2.77–$5.02) → ≈ $0 at expiry | you banked $0.74/sh, so a flat mid-life exit nets -$2.32/sh | roll rows are incremental, the banked premium stays yours 📊 Across 435 simulated challenges: the $91 strike is typically first touched on day 4 of 6, at $93 (overshoots $2.26). 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 ⚠ $91 is $57 below CC-SS $148.41: 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 < $0.18/sh (~25% of the $0.74 collected) or spot ≥ $91.81 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $91)); NOT the premium you collected. Momentum override: two daily closes above $114.28 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.41, where you are whole again, by expiry) Starting unrealized P&L: $-42,189 + Fortress recovery (un-capped): +$42,088 − CC assignment net of premium (6 × $91): -$34,002 Total Position P&L @ SS: $-34,103 (+$8,086 vs today) Do-nothing baseline at SS: $-5,141 (this trade vs do-nothing: $-28,962, the opportunity cost of earning $2,220/mo FIGHT income now) BB-reversion stress (→ $138.18 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$27,864, position total $-34,312 (+$7,877 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 6 × $88.50 | 17 Jul | 6d | 9.8% | 83% | 25% | $684 | $3,420 | — | $35,262 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $88.50 9.8% OTM over spot $80.57 17 Jul 2026 (6d, $1.17 mid) = $684 credit for the 6d cycle → $3,420/mo projected Survival (stays ≤ $88.50) 83% Breach risk 17% POP (stays ≤ $89.67) 86% EV / mo +$1,705 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.2 mo [2.6-6.2] median · 34% of paths whole by 9 mo (vs 26% without) · ~10.2 challenges expected · median CC cash $11,427 🛡 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) -$1,100 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $103 @ 85% POP 83% survival Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.20/sh now → $2.97 mid-life (likely $2.94–$4.95) → ≈ $0 at expiry | you banked $1.14/sh, so a flat mid-life exit nets -$1.83/sh | roll rows are incremental, the banked premium stays yours 📊 Across 738 simulated challenges: the $88 strike is typically first touched on day 4 of 6, at $91 (overshoots $2.14). 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 ⚠ $88.50 is $60 below CC-SS $148.41: 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 $1.14 collected) or spot ≥ $89.67 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $88)); NOT the premium you collected. Momentum override: two daily closes above $114.28 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.41, where you are whole again, by expiry) Starting unrealized P&L: $-42,189 + Fortress recovery (un-capped): +$42,088 − CC assignment net of premium (6 × $88.50): -$35,262 Total Position P&L @ SS: $-35,363 (+$6,826 vs today) Do-nothing baseline at SS: $-5,141 (this trade vs do-nothing: $-30,222, the opportunity cost of earning $3,420/mo FIGHT income now) BB-reversion stress (→ $138.18 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$29,124, position total $-35,572 (+$6,617 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 6 × $83.50 | 17 Jul | 6d | 3.6% | 65% | 72% | $1,440 | $7,200 | +$3,780 | $37,506 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $83.50 3.6% OTM over spot $80.57 17 Jul 2026 (6d, $2.50 mid) = $1,440 credit for the 6d cycle → $7,200/mo projected Survival (stays ≤ $83.50) 65% Breach risk 35% POP (stays ≤ $86.00) 75% EV / mo +$2,229 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.0 mo [2.9-6.8] median, 0.2 mo faster than no FIGHT (4.2 mo) · 34% of paths whole by 9 mo (vs 22% without) · ~25.0 challenges expected · median CC cash $16,658 🛡 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) 56% Flat exit net (mid-life) -$243 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $104 @ 91% POP 90% survival Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 3 of 6); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.97/sh now → $2.81 mid-life (likely $3.52–$5.36) → ≈ $0 at expiry | you banked $2.40/sh, so a flat mid-life exit nets -$0.41/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,672 simulated challenges: the $84 strike is typically first touched on day 3 of 6, at $86 (overshoots $2.20). 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 ⚠ $83.50 is $65 below CC-SS $148.41: 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 < $0.60/sh (~25% of the $2.40 collected) or spot ≥ $86.00 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $84)); NOT the premium you collected. Momentum override: two daily closes above $114.28 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.41, where you are whole again, by expiry) Starting unrealized P&L: $-42,189 + Fortress recovery (un-capped): +$42,088 − CC assignment net of premium (6 × $83.50): -$37,506 Total Position P&L @ SS: $-37,607 (+$4,582 vs today) Do-nothing baseline at SS: $-5,141 (this trade vs do-nothing: $-32,466, the opportunity cost of earning $7,200/mo FIGHT income now) BB-reversion stress (→ $138.18 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$31,368, position total $-37,816 (+$4,373 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 29 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: 1.034 (IBKR) | Recovery@SS: +$42,088 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-5,141
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $88.50 | 6d | 17 Jul 2026 | $1.14 | 6/6 | $3,420 | $3,162 | 83% | 86% | +$1,705 | -$35,262 | 221.4% | $-35,363 (vs do-nothing $-30,222) |
| $87.50 | 6d | 17 Jul 2026 | $1.34 | 5/6 | $3,350 | $3,093 | 80% | 84% | +$1,559 | -$29,785 | 187.0% | $-30,726 (vs do-nothing $-25,585) |
| $86.50 | 6d | 17 Jul 2026 | $1.57 | 5/6 | $3,925 | $3,668 | 77% | 82% | +$1,694 | -$30,170 | 189.4% | $-31,111 (vs do-nothing $-25,970) |
| $88 | 13d | 24 Jul 2026 | $2.51 | 6/6 | $3,475 | $3,217 | 74% | 80% | +$1,170 | -$34,740 | 218.1% | $-34,841 (vs do-nothing $-29,700) |
| $87 | 13d | 24 Jul 2026 | $2.75 | 6/6 | $3,808 | $3,549 | 72% | 78% | +$1,176 | -$35,196 | 220.9% | $-35,297 (vs do-nothing $-30,156) |
| $85 | 6d | 17 Jul 2026 | $1.97 | 4/6 | $3,940 | $3,685 | 71% | 79% | +$1,488 | -$24,576 | 154.3% | $-26,357 (vs do-nothing $-21,216) |
| $88 | 20d | 31 Jul 2026 | $3.75 | 6/6 | $3,375 | $3,117 | 71% | 78% | +$965 | -$33,996 | 213.4% | $-34,097 (vs do-nothing $-28,956) |
| $86 | 13d | 24 Jul 2026 | $3.05 | 5/6 | $3,519 | $3,262 | 69% | 77% | +$1,020 | -$29,680 | 186.3% | $-30,621 (vs do-nothing $-25,480) |
| $87 | 20d | 31 Jul 2026 | $3.80 | 6/6 | $3,420 | $3,162 | 69% | 76% | +$764 | -$34,566 | 217.0% | $-34,667 (vs do-nothing $-29,526) |
| $86 | 20d | 31 Jul 2026 | $4.35 | 6/6 | $3,915 | $3,657 | 67% | 76% | +$991 | -$34,836 | 218.7% | $-34,937 (vs do-nothing $-29,796) |
| $85 | 13d | 24 Jul 2026 | $3.25 | 5/6 | $3,750 | $3,493 | 66% | 75% | +$909 | -$30,080 | 188.8% | $-31,021 (vs do-nothing $-25,880) |
| $83.50 | 6d | 17 Jul 2026 | $2.40 | 3/6 | $3,600 | $3,346 | 65% | 75% | +$1,115 | -$18,753 | 117.7% | $-21,374 (vs do-nothing $-16,233) |
| $85 | 20d | 31 Jul 2026 | $4.45 | 5/6 | $3,338 | $3,081 | 64% | 74% | +$658 | -$29,480 | 185.1% | $-30,421 (vs do-nothing $-25,280) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $84 | 13d | 24 Jul 2026 | $3.70 | 4/6 | $3,415 | $3,160 | 64% | 74% | +$838 | -$24,284 | 152.4% | $-26,065 (vs do-nothing $-20,924) |
| $84 | 20d | 31 Jul 2026 | $4.80 | 5/6 | $3,600 | $3,343 | 62% | 73% | +$656 | -$29,805 | 187.1% | $-30,746 (vs do-nothing $-25,605) |
| $82.50 | 6d | 17 Jul 2026 | $2.82 | 3/6 | $4,230 | $3,976 | 61% | 73% | +$1,222 | -$18,927 | 118.8% | $-21,548 (vs do-nothing $-16,407) |
| $83 | 13d | 24 Jul 2026 | $4.00 | 4/6 | $3,692 | $3,437 | 61% | 72% | +$777 | -$24,564 | 154.2% | $-26,345 (vs do-nothing $-21,204) |
| $83 | 20d | 31 Jul 2026 | $5.45 | 5/6 | $4,088 | $3,831 | 60% | 72% | +$858 | -$29,980 | 188.2% | $-30,921 (vs do-nothing $-25,780) |
| $82 | 13d | 24 Jul 2026 | $4.50 | 4/6 | $4,154 | $3,899 | 58% | 71% | +$866 | -$24,764 | 155.5% | $-26,545 (vs do-nothing $-21,404) |
| $82 | 20d | 31 Jul 2026 | $5.85 | 4/6 | $3,510 | $3,255 | 57% | 71% | +$680 | -$24,224 | 152.1% | $-26,005 (vs do-nothing $-20,864) |
| $81.50 | 6d | 17 Jul 2026 | $3.20 | 3/6 | $4,800 | $4,546 | 56% | 71% | +$1,189 | -$19,113 | 120.0% | $-21,734 (vs do-nothing $-16,593) |
| $81 | 20d | 31 Jul 2026 | $6.20 | 4/6 | $3,720 | $3,465 | 55% | 70% | +$626 | -$24,484 | 153.7% | $-26,265 (vs do-nothing $-21,124) |
| $81 | 13d | 24 Jul 2026 | $4.80 | 3/6 | $3,323 | $3,069 | 54% | 70% | +$551 | -$18,783 | 117.9% | $-21,404 (vs do-nothing $-16,263) |
| $80 | 20d | 31 Jul 2026 | $6.55 | 4/6 | $3,930 | $3,675 | 52% | 68% | +$552 | -$24,744 | 155.3% | $-26,525 (vs do-nothing $-21,384) |
| $80 | 13d | 24 Jul 2026 | $5.40 | 3/6 | $3,738 | $3,485 | 51% | 68% | +$633 | -$18,903 | 118.7% | $-21,524 (vs do-nothing $-16,383) |
| $79 | 20d | 31 Jul 2026 | $7.00 | 4/6 | $4,200 | $3,945 | 50% | 67% | +$520 | -$24,964 | 156.7% | $-26,745 (vs do-nothing $-21,604) |
| $80 | 6d | 17 Jul 2026 | $3.95 | 2/6 | $3,950 | $3,698 | 49% | 68% | +$833 | -$12,892 | 80.9% | $-16,353 (vs do-nothing $-11,212) |
| $79 | 13d | 24 Jul 2026 | $5.70 | 3/6 | $3,946 | $3,692 | 48% | 66% | +$480 | -$19,113 | 120.0% | $-21,734 (vs do-nothing $-16,593) |
| $79 | 6d | 17 Jul 2026 | $4.45 | 2/6 | $4,450 | $4,198 | 45% | 66% | +$787 | -$12,992 | 81.6% | $-16,453 (vs do-nothing $-11,312) |
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 6 contracts at the conservative CC.