6 contracts (600 sh) | BE SS: $141.55 | CC-SS: $148.12 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $69,930 | (ND $26.55 + SW $90) x 600 |
| Normal income ref | $6,605/mo | 95% ann ROI on ML |
| Hedge rolling cost | $256/mo | |
| Unrealized P&L | $-41,574 | 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 | 81% | $3,450 | $1,043 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▸ | cover hedge | 6 × $106 | 17 Jul | 6d | 30.4% | 99% | 2% | $54 | $270 | -$3,180 | $25,215 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $106 30.4% OTM over spot $81.28 17 Jul 2026 (6d, $0.15 mid) = $54 credit for the 6d cycle → $270/mo projected Survival (stays ≤ $106) 99% Breach risk 1% POP (stays ≤ $106.15) 99% EV / mo +$228 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.3 mo [1.9-5.6] median, 0.1 mo SLOWER than no FIGHT (3.2 mo): roll costs eat the credits at this rung · 35% of paths whole by 9 mo (vs 34% without) · ~0.5 challenges expected · median CC cash $-189 🛡 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) -$2,032 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $114 @ 77% POP 70% 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: $4.92/sh now → $3.48 mid-life → ≈ $0 at expiry | you banked $0.09/sh, so a flat mid-life exit nets -$3.39/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 ⚠ $106 is $42 below CC-SS $148.12: 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 < $0.02/sh (~25% of the $0.09 collected) or spot ≥ $106.15 (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 $114.15 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.12, where you are whole again, by expiry) Starting unrealized P&L: $-41,574 + Fortress recovery (un-capped): +$41,545 − CC assignment net of premium (6 × $106): -$25,215 Total Position P&L @ SS: $-25,244 (+$16,330 vs today) Do-nothing baseline at SS: $-4,868 (this trade vs do-nothing: $-20,376, the opportunity cost of earning $270/mo FIGHT income now) BB-reversion stress (→ $138.19 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$19,260, position total $-25,459 (+$16,115 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 6 × $93 | 17 Jul | 6d | 14.4% | 91% | 19% | $318 | $1,590 | -$1,860 | $32,751 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $93 14.4% OTM over spot $81.28 17 Jul 2026 (6d, $0.56 mid) = $318 credit for the 6d cycle → $1,590/mo projected Survival (stays ≤ $93) 91% Breach risk 9% POP (stays ≤ $93.56) 92% EV / mo +$922 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.5 mo [2.8-6.2] median, 0.2 mo SLOWER than no FIGHT (4.3 mo): roll costs eat the credits at this rung · 30% of paths whole by 9 mo (vs 26% without) · ~5.1 challenges expected · median CC cash $5,994 🛡 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) 11% Flat exit net (mid-life) -$1,513 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $104 @ 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: $4.31/sh now → $3.05 mid-life (likely $2.71–$4.73) → ≈ $0 at expiry | you banked $0.53/sh, so a flat mid-life exit nets -$2.52/sh | roll rows are incremental, the banked premium stays yours 📊 Across 328 simulated challenges: the $93 strike is typically first touched on day 4 of 6, at $95 (overshoots $2.21). 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 ⚠ $93 is $55 below CC-SS $148.12: 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 < $0.13/sh (~25% of the $0.53 collected) or spot ≥ $93.56 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $93)); NOT the premium you collected. Momentum override: two daily closes above $114.15 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.12, where you are whole again, by expiry) Starting unrealized P&L: $-41,574 + Fortress recovery (un-capped): +$41,545 − CC assignment net of premium (6 × $93): -$32,751 Total Position P&L @ SS: $-32,780 (+$8,794 vs today) Do-nothing baseline at SS: $-4,868 (this trade vs do-nothing: $-27,912, the opportunity cost of earning $1,590/mo FIGHT income now) BB-reversion stress (→ $138.19 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$26,796, position total $-32,995 (+$8,579 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 6 × $91 | 17 Jul | 6d | 12.0% | 87% | 26% | $450 | $2,250 | -$1,200 | $33,819 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $91 12.0% OTM over spot $81.28 17 Jul 2026 (6d, $0.78 mid) = $450 credit for the 6d cycle → $2,250/mo projected Survival (stays ≤ $91) 87% Breach risk 13% POP (stays ≤ $91.78) 89% EV / mo +$1,175 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.0 mo [2.5-6.3] median, 0.1 mo SLOWER than no FIGHT (3.9 mo): roll costs eat the credits at this rung · 36% of paths whole by 9 mo (vs 30% without) · ~7.2 challenges expected · median CC cash $8,155 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 16% Flat exit net (mid-life) -$1,341 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $104 @ 83% POP 80% 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: $4.22/sh now → $2.99 mid-life (likely $2.76–$4.74) → ≈ $0 at expiry | you banked $0.75/sh, so a flat mid-life exit nets -$2.24/sh | roll rows are incremental, the banked premium stays yours 📊 Across 483 simulated challenges: the $91 strike is typically first touched on day 4 of 6, at $93 (overshoots $2.21). 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 $148.12: 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 < $0.19/sh (~25% of the $0.75 collected) or spot ≥ $91.78 (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 $114.15 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.12, where you are whole again, by expiry) Starting unrealized P&L: $-41,574 + Fortress recovery (un-capped): +$41,545 − CC assignment net of premium (6 × $91): -$33,819 Total Position P&L @ SS: $-33,848 (+$7,726 vs today) Do-nothing baseline at SS: $-4,868 (this trade vs do-nothing: $-28,980, the opportunity cost of earning $2,250/mo FIGHT income now) BB-reversion stress (→ $138.19 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$27,864, position total $-34,063 (+$7,511 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 6 × $88.50 | 17 Jul | 6d | 8.9% | 81% | 28% | $690 | $3,450 | — | $35,079 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $88.50 8.9% OTM over spot $81.28 17 Jul 2026 (6d, $1.19 mid) = $690 credit for the 6d cycle → $3,450/mo projected Survival (stays ≤ $88.50) 81% Breach risk 19% POP (stays ≤ $89.69) 84% EV / mo +$1,521 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.7 mo [2.6-6.2] median, 0.2 mo SLOWER than no FIGHT (4.5 mo): roll costs eat the credits at this rung · 34% of paths whole by 9 mo (vs 26% without) · ~11.5 challenges expected · median CC cash $10,938 🛡 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) 28% Flat exit net (mid-life) -$1,052 Free roll-up +$4/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: $4.11/sh now → $2.90 mid-life (likely $2.92–$4.84) → ≈ $0 at expiry | you banked $1.15/sh, so a flat mid-life exit nets -$1.75/sh | roll rows are incremental, the banked premium stays yours 📊 Across 829 simulated challenges: the $88 strike is typically first touched on day 4 of 6, at $91 (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 ⚠ $88.50 is $60 below CC-SS $148.12: 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 < $0.29/sh (~25% of the $1.15 collected) or spot ≥ $89.69 (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 $114.15 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.12, where you are whole again, by expiry) Starting unrealized P&L: $-41,574 + Fortress recovery (un-capped): +$41,545 − CC assignment net of premium (6 × $88.50): -$35,079 Total Position P&L @ SS: $-35,108 (+$6,466 vs today) Do-nothing baseline at SS: $-4,868 (this trade vs do-nothing: $-30,240, the opportunity cost of earning $3,450/mo FIGHT income now) BB-reversion stress (→ $138.19 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$29,124, position total $-35,323 (+$6,251 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 6 × $83.50 | 17 Jul | 6d | 2.7% | 62% | 78% | $1,536 | $7,680 | +$4,230 | $37,233 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $83.50 2.7% OTM over spot $81.28 17 Jul 2026 (6d, $2.64 mid) = $1,536 credit for the 6d cycle → $7,680/mo projected Survival (stays ≤ $83.50) 62% Breach risk 38% POP (stays ≤ $86.14) 73% EV / mo +$2,105 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.0 mo [2.7-6.1] median, 0.1 mo faster than no FIGHT (4.1 mo) · 37% of paths whole by 9 mo (vs 24% without) · ~28.2 challenges expected · median CC cash $16,607 🛡 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) 61% Flat exit net (mid-life) -$108 Free roll-up +$4/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: $3.87/sh now → $2.74 mid-life (likely $3.59–$5.37) → ≈ $0 at expiry | you banked $2.56/sh, so a flat mid-life exit nets -$0.18/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,819 simulated challenges: the $84 strike is typically first touched on day 2 of 6, at $86 (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 ⚠ $83.50 is $65 below CC-SS $148.12: 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 < $0.64/sh (~25% of the $2.56 collected) or spot ≥ $86.14 (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 $114.15 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.04 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.12, where you are whole again, by expiry) Starting unrealized P&L: $-41,574 + Fortress recovery (un-capped): +$41,545 − CC assignment net of premium (6 × $83.50): -$37,233 Total Position P&L @ SS: $-37,262 (+$4,312 vs today) Do-nothing baseline at SS: $-4,868 (this trade vs do-nothing: $-32,394, the opportunity cost of earning $7,680/mo FIGHT income now) BB-reversion stress (→ $138.19 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$31,278, position total $-37,477 (+$4,097 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 26 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: +$41,545 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-4,868
| 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 | $1.15 | 6/6 | $3,450 | $3,194 | 81% | 84% | +$1,521 | -$35,079 | 220.2% | $-35,108 (vs do-nothing $-30,240) |
| $87.50 | 6d | 17 Jul 2026 | $1.34 | 5/6 | $3,350 | $3,102 | 78% | 82% | +$1,334 | -$29,638 | 186.1% | $-30,473 (vs do-nothing $-25,605) |
| $86.50 | 6d | 17 Jul 2026 | $1.58 | 5/6 | $3,950 | $3,702 | 75% | 80% | +$1,437 | -$30,018 | 188.4% | $-30,853 (vs do-nothing $-25,985) |
| $88 | 13d | 24 Jul 2026 | $2.60 | 6/6 | $3,600 | $3,344 | 72% | 79% | +$1,070 | -$34,509 | 216.6% | $-34,538 (vs do-nothing $-29,670) |
| $87 | 13d | 24 Jul 2026 | $2.90 | 5/6 | $3,346 | $3,098 | 70% | 77% | +$948 | -$29,108 | 182.7% | $-29,943 (vs do-nothing $-25,075) |
| $88 | 20d | 31 Jul 2026 | $3.95 | 6/6 | $3,555 | $3,299 | 69% | 77% | +$926 | -$33,699 | 211.5% | $-33,728 (vs do-nothing $-28,860) |
| $85 | 6d | 17 Jul 2026 | $2.02 | 4/6 | $4,040 | $3,799 | 69% | 77% | +$1,281 | -$24,438 | 153.4% | $-26,080 (vs do-nothing $-21,212) |
| $86 | 13d | 24 Jul 2026 | $3.15 | 5/6 | $3,635 | $3,386 | 67% | 76% | +$911 | -$29,483 | 185.1% | $-30,318 (vs do-nothing $-25,450) |
| $87 | 20d | 31 Jul 2026 | $4.15 | 6/6 | $3,735 | $3,479 | 67% | 76% | +$845 | -$34,179 | 214.6% | $-34,208 (vs do-nothing $-29,340) |
| $86 | 20d | 31 Jul 2026 | $4.50 | 5/6 | $3,375 | $3,127 | 65% | 74% | +$730 | -$28,808 | 180.8% | $-29,643 (vs do-nothing $-24,775) |
| $85 | 13d | 24 Jul 2026 | $3.40 | 5/6 | $3,923 | $3,675 | 64% | 74% | +$837 | -$29,858 | 187.4% | $-30,693 (vs do-nothing $-25,825) |
| $85 | 20d | 31 Jul 2026 | $4.90 | 5/6 | $3,675 | $3,427 | 63% | 73% | +$774 | -$29,108 | 182.7% | $-29,943 (vs do-nothing $-25,075) |
| $83.50 | 6d | 17 Jul 2026 | $2.56 | 3/6 | $3,840 | $3,607 | 62% | 73% | +$1,052 | -$18,617 | 116.9% | $-21,065 (vs do-nothing $-16,197) |
| 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 | $3.85 | 4/6 | $3,554 | $3,313 | 62% | 73% | +$763 | -$24,106 | 151.3% | $-25,748 (vs do-nothing $-20,880) |
| $84 | 20d | 31 Jul 2026 | $5.10 | 5/6 | $3,825 | $3,577 | 60% | 72% | +$647 | -$29,508 | 185.2% | $-30,343 (vs do-nothing $-25,475) |
| $83 | 13d | 24 Jul 2026 | $4.20 | 4/6 | $3,877 | $3,636 | 58% | 71% | +$730 | -$24,366 | 153.0% | $-26,008 (vs do-nothing $-21,140) |
| $83 | 20d | 31 Jul 2026 | $5.70 | 4/6 | $3,420 | $3,179 | 58% | 71% | +$639 | -$23,766 | 149.2% | $-25,408 (vs do-nothing $-20,540) |
| $82.50 | 6d | 17 Jul 2026 | $2.84 | 3/6 | $4,260 | $4,027 | 58% | 71% | +$897 | -$18,833 | 118.2% | $-21,281 (vs do-nothing $-16,413) |
| $82 | 20d | 31 Jul 2026 | $6.05 | 4/6 | $3,630 | $3,389 | 56% | 70% | +$592 | -$24,026 | 150.8% | $-25,668 (vs do-nothing $-20,800) |
| $82 | 13d | 24 Jul 2026 | $4.75 | 4/6 | $4,385 | $4,144 | 55% | 70% | +$847 | -$24,546 | 154.1% | $-26,188 (vs do-nothing $-21,320) |
| $81 | 20d | 31 Jul 2026 | $6.60 | 4/6 | $3,960 | $3,719 | 53% | 69% | +$647 | -$24,206 | 152.0% | $-25,848 (vs do-nothing $-20,980) |
| $81.50 | 6d | 17 Jul 2026 | $3.30 | 3/6 | $4,950 | $4,717 | 53% | 69% | +$930 | -$18,995 | 119.2% | $-21,443 (vs do-nothing $-16,575) |
| $81 | 13d | 24 Jul 2026 | $5.05 | 3/6 | $3,496 | $3,263 | 52% | 68% | +$512 | -$18,620 | 116.9% | $-21,068 (vs do-nothing $-16,200) |
| $80 | 20d | 31 Jul 2026 | $7.00 | 4/6 | $4,200 | $3,959 | 51% | 68% | +$594 | -$24,446 | 153.5% | $-26,088 (vs do-nothing $-21,220) |
| $80 | 13d | 24 Jul 2026 | $5.55 | 3/6 | $3,842 | $3,609 | 49% | 67% | +$509 | -$18,770 | 117.8% | $-21,218 (vs do-nothing $-16,350) |
| $80 | 6d | 17 Jul 2026 | $4.05 | 2/6 | $4,050 | $3,824 | 46% | 66% | +$606 | -$12,813 | 80.4% | $-16,068 (vs do-nothing $-11,200) |
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.