6 contracts (600 sh) | BE SS: $141.55 | CC-SS: $146.59 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $69,930 | (ND $26.55 + SW $90) x 600 |
| Normal income ref | $6,868/mo | 95% ann ROI on ML |
| Hedge rolling cost | $256/mo | |
| Unrealized P&L | $-40,752 | 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 × $87.50 | 79% | $3,780 | $1,163 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 6 × $104 | 17 Jul | 6d | 28.3% | 99% | 3% | $60 | $300 | -$3,480 | $25,495 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $104 28.3% OTM over spot $81.04 17 Jul 2026 (6d, $0.11 mid) = $60 credit for the 6d cycle → $300/mo projected Survival (stays ≤ $104) 99% Breach risk 1% POP (stays ≤ $104.11) 99% EV / mo +$242 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.4 mo [2.2-5.3] median · 31% of paths whole by 9 mo (vs 30% without) · ~0.7 challenges expected · median CC cash $-88 🛡 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) -$1,925 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $111 @ 76% POP 69% 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: $4.68/sh now → $3.31 mid-life → ≈ $0 at expiry | you banked $0.10/sh, so a flat mid-life exit nets -$3.21/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 ⚠ $104 is $43 below CC-SS $146.59: 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 $0.10 collected) or spot ≥ $104.11 (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 $114.18 (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 $146.59, where you are whole again, by expiry) Starting unrealized P&L: $-40,752 + Fortress recovery (un-capped): +$40,747 − CC assignment net of premium (6 × $104): -$25,495 Total Position P&L @ SS: $-25,500 (+$15,252 vs today) Do-nothing baseline at SS: $-3,954 (this trade vs do-nothing: $-21,546, the opportunity cost of earning $300/mo FIGHT income now) BB-reversion stress (→ $138.19 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$20,454, position total $-25,682 (+$15,070 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 6 × $93 | 17 Jul | 6d | 14.8% | 91% | 18% | $288 | $1,440 | -$2,340 | $31,867 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $93 14.8% OTM over spot $81.04 17 Jul 2026 (6d, $0.56 mid) = $288 credit for the 6d cycle → $1,440/mo projected Survival (stays ≤ $93) 91% Breach risk 9% POP (stays ≤ $93.56) 92% EV / mo +$829 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.3 mo [2.8-6.1] median, 0.1 mo SLOWER than no FIGHT (4.3 mo): roll costs eat the credits at this rung · 30% of paths whole by 9 mo (vs 27% without) · ~4.9 challenges expected · median CC cash $5,258 🛡 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) -$1,487 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $103 @ 80% POP 75% 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: $4.18/sh now → $2.96 mid-life (likely $2.50–$4.49) → ≈ $0 at expiry | you banked $0.48/sh, so a flat mid-life exit nets -$2.48/sh | roll rows are incremental, the banked premium stays yours 📊 Across 301 simulated challenges: the $93 strike is typically first touched on day 4 of 6, at $95 (overshoots $2.09). 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 $54 below CC-SS $146.59: 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 < $0.12/sh (~25% of the $0.48 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 $114.18 (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 $146.59, where you are whole again, by expiry) Starting unrealized P&L: $-40,752 + Fortress recovery (un-capped): +$40,747 − CC assignment net of premium (6 × $93): -$31,867 Total Position P&L @ SS: $-31,872 (+$8,880 vs today) Do-nothing baseline at SS: $-3,954 (this trade vs do-nothing: $-27,918, the opportunity cost of earning $1,440/mo FIGHT income now) BB-reversion stress (→ $138.19 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$26,826, position total $-32,054 (+$8,698 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 6 × $90 | 17 Jul | 6d | 11.1% | 86% | 29% | $492 | $2,460 | -$1,320 | $33,463 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $90 11.1% OTM over spot $81.04 17 Jul 2026 (6d, $0.86 mid) = $492 credit for the 6d cycle → $2,460/mo projected Survival (stays ≤ $90) 86% Breach risk 14% POP (stays ≤ $90.86) 88% EV / mo +$1,215 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.9 mo [2.4-6.2] median, 0.1 mo SLOWER than no FIGHT (3.8 mo): roll costs eat the credits at this rung · 36% of paths whole by 9 mo (vs 28% without) · ~8.0 challenges expected · median CC cash $8,700 🛡 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) -$1,226 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $100 @ 80% 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: $4.05/sh now → $2.86 mid-life (likely $2.78–$4.57) → ≈ $0 at expiry | you banked $0.82/sh, so a flat mid-life exit nets -$2.04/sh | roll rows are incremental, the banked premium stays yours 📊 Across 561 simulated challenges: the $90 strike is typically first touched on day 4 of 6, at $92 (overshoots $2.00). 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 ⚠ $90 is $57 below CC-SS $146.59: 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 ≥ $90.86 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $90)); NOT the premium you collected. Momentum override: two daily closes above $114.18 (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 $146.59, where you are whole again, by expiry) Starting unrealized P&L: $-40,752 + Fortress recovery (un-capped): +$40,747 − CC assignment net of premium (6 × $90): -$33,463 Total Position P&L @ SS: $-33,468 (+$7,284 vs today) Do-nothing baseline at SS: $-3,954 (this trade vs do-nothing: $-29,514, the opportunity cost of earning $2,460/mo FIGHT income now) BB-reversion stress (→ $138.19 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$28,422, position total $-33,650 (+$7,102 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 6 × $87.50 | 17 Jul | 6d | 8.0% | 79% | 31% | $756 | $3,780 | — | $34,699 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $87.50 8.0% OTM over spot $81.04 17 Jul 2026 (6d, $1.34 mid) = $756 credit for the 6d cycle → $3,780/mo projected Survival (stays ≤ $87.50) 79% Breach risk 21% POP (stays ≤ $88.84) 83% EV / mo +$1,568 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.4 mo [3.0-6.1] median, 0.1 mo SLOWER than no FIGHT (4.3 mo): roll costs eat the credits at this rung · 35% of paths whole by 9 mo (vs 25% without) · ~12.8 challenges expected · median CC cash $11,686 🛡 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) 31% Flat exit net (mid-life) -$914 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $102 @ 86% 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: $3.94/sh now → $2.78 mid-life (likely $2.91–$4.72) → ≈ $0 at expiry | you banked $1.26/sh, so a flat mid-life exit nets -$1.52/sh | roll rows are incremental, the banked premium stays yours 📊 Across 940 simulated challenges: the $88 strike is typically first touched on day 3 of 6, at $90 (overshoots $2.00). 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 ⚠ $87.50 is $59 below CC-SS $146.59: 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 < $0.32/sh (~25% of the $1.26 collected) or spot ≥ $88.84 (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 $114.18 (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 $146.59, where you are whole again, by expiry) Starting unrealized P&L: $-40,752 + Fortress recovery (un-capped): +$40,747 − CC assignment net of premium (6 × $87.50): -$34,699 Total Position P&L @ SS: $-34,704 (+$6,048 vs today) Do-nothing baseline at SS: $-3,954 (this trade vs do-nothing: $-30,750, the opportunity cost of earning $3,780/mo FIGHT income now) BB-reversion stress (→ $138.19 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$29,658, position total $-34,886 (+$5,866 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 6 × $83.50 | 17 Jul | 6d | 3.0% | 64% | 75% | $1,392 | $6,960 | +$3,180 | $36,463 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $83.50 3.0% OTM over spot $81.04 17 Jul 2026 (6d, $2.49 mid) = $1,392 credit for the 6d cycle → $6,960/mo projected Survival (stays ≤ $83.50) 64% Breach risk 36% POP (stays ≤ $85.99) 74% EV / mo +$1,803 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.0 mo [2.9-6.5] median, 0.1 mo faster than no FIGHT (4.1 mo) · 36% of paths whole by 9 mo (vs 22% without) · ~26.8 challenges expected · median CC cash $15,973 🛡 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) 58% Flat exit net (mid-life) -$202 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: $3.76/sh now → $2.66 mid-life (likely $3.43–$5.12) → ≈ $0 at expiry | you banked $2.32/sh, so a flat mid-life exit nets -$0.34/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,742 simulated challenges: the $84 strike is typically first touched on day 2 of 6, at $86 (overshoots $2.15). 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 $63 below CC-SS $146.59: 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 < $0.58/sh (~25% of the $2.32 collected) or spot ≥ $85.99 (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 $114.18 (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 $146.59, where you are whole again, by expiry) Starting unrealized P&L: $-40,752 + Fortress recovery (un-capped): +$40,747 − CC assignment net of premium (6 × $83.50): -$36,463 Total Position P&L @ SS: $-36,468 (+$4,284 vs today) Do-nothing baseline at SS: $-3,954 (this trade vs do-nothing: $-32,514, the opportunity cost of earning $6,960/mo FIGHT income now) BB-reversion stress (→ $138.19 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$31,422, position total $-36,650 (+$4,102 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 24 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: +$40,747 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-3,954
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $87.50 | 6d | 17 Jul 2026 | $1.26 | 6/6 | $3,780 | $3,524 | 79% | 83% | +$1,568 | -$34,699 | 217.8% | $-34,704 (vs do-nothing $-30,750) |
| $86.50 | 6d | 17 Jul 2026 | $1.47 | 5/6 | $3,675 | $3,421 | 76% | 81% | +$1,375 | -$29,311 | 184.0% | $-29,974 (vs do-nothing $-26,020) |
| $88 | 13d | 24 Jul 2026 | $2.48 | 6/6 | $3,434 | $3,178 | 73% | 79% | +$1,015 | -$33,667 | 211.3% | $-33,672 (vs do-nothing $-29,718) |
| $87 | 13d | 24 Jul 2026 | $2.70 | 6/6 | $3,738 | $3,483 | 71% | 78% | +$986 | -$34,135 | 214.3% | $-34,140 (vs do-nothing $-30,186) |
| $85 | 6d | 17 Jul 2026 | $1.95 | 4/6 | $3,900 | $3,647 | 70% | 78% | +$1,365 | -$23,857 | 149.8% | $-25,178 (vs do-nothing $-21,224) |
| $86 | 13d | 24 Jul 2026 | $2.95 | 6/6 | $4,085 | $3,829 | 68% | 77% | +$957 | -$34,585 | 217.1% | $-34,590 (vs do-nothing $-30,636) |
| $87 | 20d | 31 Jul 2026 | $4.10 | 6/6 | $3,690 | $3,434 | 68% | 77% | +$900 | -$33,295 | 209.0% | $-33,300 (vs do-nothing $-29,346) |
| $86 | 20d | 31 Jul 2026 | $4.40 | 6/6 | $3,960 | $3,704 | 66% | 75% | +$893 | -$33,715 | 211.6% | $-33,720 (vs do-nothing $-29,766) |
| $85 | 13d | 24 Jul 2026 | $3.50 | 5/6 | $4,038 | $3,784 | 65% | 75% | +$1,083 | -$29,046 | 182.3% | $-29,709 (vs do-nothing $-25,755) |
| $83.50 | 6d | 17 Jul 2026 | $2.32 | 3/6 | $3,480 | $3,229 | 64% | 74% | +$901 | -$18,232 | 114.4% | $-20,211 (vs do-nothing $-16,257) |
| $85 | 20d | 31 Jul 2026 | $4.75 | 5/6 | $3,562 | $3,308 | 63% | 74% | +$756 | -$28,421 | 178.4% | $-29,084 (vs do-nothing $-25,130) |
| $84 | 13d | 24 Jul 2026 | $3.60 | 5/6 | $4,154 | $3,900 | 62% | 73% | +$810 | -$29,496 | 185.2% | $-30,159 (vs do-nothing $-26,205) |
| $84 | 20d | 31 Jul 2026 | $4.75 | 5/6 | $3,562 | $3,308 | 61% | 73% | +$485 | -$28,921 | 181.5% | $-29,584 (vs do-nothing $-25,630) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $83 | 13d | 24 Jul 2026 | $3.90 | 4/6 | $3,600 | $3,347 | 59% | 72% | +$580 | -$23,877 | 149.9% | $-25,198 (vs do-nothing $-21,244) |
| $82.50 | 6d | 17 Jul 2026 | $2.78 | 3/6 | $4,170 | $3,919 | 59% | 72% | +$1,041 | -$18,394 | 115.5% | $-20,373 (vs do-nothing $-16,419) |
| $83 | 20d | 31 Jul 2026 | $5.50 | 5/6 | $4,125 | $3,871 | 59% | 71% | +$755 | -$29,046 | 182.3% | $-29,709 (vs do-nothing $-25,755) |
| $82 | 20d | 31 Jul 2026 | $5.40 | 5/6 | $4,050 | $3,796 | 56% | 70% | +$365 | -$29,596 | 185.8% | $-30,259 (vs do-nothing $-26,305) |
| $82 | 13d | 24 Jul 2026 | $4.55 | 4/6 | $4,200 | $3,947 | 56% | 70% | +$801 | -$24,017 | 150.8% | $-25,338 (vs do-nothing $-21,384) |
| $81.50 | 6d | 17 Jul 2026 | $3.15 | 3/6 | $4,725 | $4,474 | 54% | 69% | +$960 | -$18,583 | 116.7% | $-20,562 (vs do-nothing $-16,608) |
| $81 | 20d | 31 Jul 2026 | $6.40 | 4/6 | $3,840 | $3,587 | 54% | 69% | +$622 | -$23,677 | 148.6% | $-24,998 (vs do-nothing $-21,044) |
| $81 | 13d | 24 Jul 2026 | $5.00 | 3/6 | $3,462 | $3,210 | 53% | 69% | +$599 | -$18,178 | 114.1% | $-20,157 (vs do-nothing $-16,203) |
| $80 | 20d | 31 Jul 2026 | $6.90 | 4/6 | $4,140 | $3,887 | 51% | 68% | +$633 | -$23,877 | 149.9% | $-25,198 (vs do-nothing $-21,244) |
| $80 | 13d | 24 Jul 2026 | $5.35 | 3/6 | $3,704 | $3,453 | 50% | 67% | +$500 | -$18,373 | 115.3% | $-20,352 (vs do-nothing $-16,398) |
| $80 | 6d | 17 Jul 2026 | $3.95 | 2/6 | $3,950 | $3,700 | 47% | 66% | +$692 | -$12,528 | 78.6% | $-15,166 (vs do-nothing $-11,212) |
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.