6 contracts (600 sh) | BE SS: $141.55 | CC-SS: $147.15 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $69,930 | (ND $26.55 + SW $90) x 600 |
| Normal income ref | $6,638/mo | 95% ann ROI on ML |
| Hedge rolling cost | $330/mo | |
| Unrealized P&L | $-42,543 | 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 |
|---|---|---|---|---|---|
| THIS FRIDAY 🏆 | 17 Jul 2026 · 2d | 6 × $87.50 | 94% | $3,690 | $2,284 |
| NEXT FRIDAY | 24 Jul 2026 · 9d | 6 × $87 | 79% | $3,540 | $890 |
| 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 × $98 | 17 Jul | 2d | 24.5% | 99+% | 1% | $25 | $375 | -$3,315 | $24,549 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $98 24.5% OTM over spot $78.72 17 Jul 2026 (2d, $0.06 mid) = $25 credit for the 2d cycle → $375/mo projected Survival (stays ≤ $98) 99+% Breach risk 0% POP (stays ≤ $98.06) 99+% EV / mo +$363 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.4 mo [2.1-5.3] median · 37% of paths whole by 9 mo (vs 36% without) · ~0.4 challenges expected · median CC cash $-1,774 🛡 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) -$1,274 Free roll-up +$5/wk Safest escape (by 31 Jul 2026) $109 @ 82% POP 78% 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 1 of 2); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.67/sh now → $2.60 mid-life → ≈ $0 at expiry | you banked $0.05/sh, so a flat mid-life exit nets -$2.55/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 ⚠ $98 is $49 below CC-SS $147.15: 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 < $0.01/sh (~25% of the $0.05 collected) or spot ≥ $98.06 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $98)); NOT the premium you collected. Momentum override: two daily closes above $111.91 (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 $147.15, where you are whole again, by expiry) Starting unrealized P&L: $-42,543 + Fortress recovery (un-capped): +$42,371 − CC assignment net of premium (5 × $98): -$24,549 − Conservative CC assignment net of premium (1 × $140): -$709 Total Position P&L @ SS: $-25,430 (+$17,113 vs today) Do-nothing baseline at SS: $-4,425 (this trade vs do-nothing: $-21,005, the opportunity cost of earning $375/mo FIGHT income now) BB-reversion stress (→ $137.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$19,970, position total $-25,807 (+$16,736 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 5 × $88.50 | 17 Jul | 2d | 12.4% | 95% | 10% | $165 | $2,475 | -$1,215 | $29,159 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $88.50 12.4% OTM over spot $78.72 17 Jul 2026 (2d, $0.35 mid) = $165 credit for the 2d cycle → $2,475/mo projected Survival (stays ≤ $88.50) 95% Breach risk 5% POP (stays ≤ $88.85) 96% EV / mo +$2,084 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.8 mo [2.3-5.7] median, 0.3 mo faster than no FIGHT (4.1 mo) · 38% of paths whole by 9 mo (vs 32% without) · ~5.8 challenges expected · median CC cash $7,363 🛡 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) 4% Flat exit net (mid-life) -$1,008 Free roll-up +$5/wk Safest escape (by 31 Jul 2026) $101 @ 83% POP 80% 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 1 of 2); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.32/sh now → $2.35 mid-life (likely $2.30–$4.10) → ≈ $0 at expiry | you banked $0.33/sh, so a flat mid-life exit nets -$2.02/sh | roll rows are incremental, the banked premium stays yours 📊 Across 128 simulated challenges: the $88 strike is typically first touched on day 2 of 2, at $91 (overshoots $2.03). 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 $59 below CC-SS $147.15: 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 < $0.08/sh (~25% of the $0.33 collected) or spot ≥ $88.85 (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 $111.91 (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 $147.15, where you are whole again, by expiry) Starting unrealized P&L: $-42,543 + Fortress recovery (un-capped): +$42,371 − CC assignment net of premium (5 × $88.50): -$29,159 − Conservative CC assignment net of premium (1 × $140): -$709 Total Position P&L @ SS: $-30,040 (+$12,503 vs today) Do-nothing baseline at SS: $-4,425 (this trade vs do-nothing: $-25,615, the opportunity cost of earning $2,475/mo FIGHT income now) BB-reversion stress (→ $137.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$24,580, position total $-30,417 (+$12,126 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 6 × $87.50 | 17 Jul | 2d | 11.2% | 94% | 7% | $246 | $3,690 | — | $35,543 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $87.50 11.2% OTM over spot $78.72 17 Jul 2026 (2d, $0.44 mid) = $246 credit for the 2d cycle → $3,690/mo projected Survival (stays ≤ $87.50) 94% Breach risk 6% POP (stays ≤ $87.94) 95% EV / mo +$2,977 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.3 mo [2.0-5.8] median · 37% of paths whole by 9 mo (vs 26% without) · ~7.8 challenges expected · median CC cash $13,009 🛡 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) -$1,146 Free roll-up +$5/wk Safest escape (by 31 Jul 2026) $101 @ 85% POP 82% 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 1 of 2); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.28/sh now → $2.32 mid-life (likely $2.57–$4.83) → ≈ $0 at expiry | you banked $0.41/sh, so a flat mid-life exit nets -$1.91/sh | roll rows are incremental, the banked premium stays yours 📊 Across 202 simulated challenges: the $88 strike is typically first touched on day 2 of 2, at $90 (overshoots $2.36). 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 $60 below CC-SS $147.15: 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 < $0.10/sh (~25% of the $0.41 collected) or spot ≥ $87.94 (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 $111.91 (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 $147.15, where you are whole again, by expiry) Starting unrealized P&L: $-42,543 + Fortress recovery (un-capped): +$42,371 − CC assignment net of premium (6 × $87.50): -$35,543 Total Position P&L @ SS: $-35,715 (+$6,828 vs today) Do-nothing baseline at SS: $-4,425 (this trade vs do-nothing: $-31,290, the opportunity cost of earning $3,690/mo FIGHT income now) BB-reversion stress (→ $137.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$30,048, position total $-35,891 (+$6,652 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 6 × $86.50 | 17 Jul | 2d | 9.9% | 92% | 17% | $312 | $4,680 | +$990 | $36,077 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $86.50 9.9% OTM over spot $78.72 17 Jul 2026 (2d, $0.56 mid) = $312 credit for the 2d cycle → $4,680/mo projected Survival (stays ≤ $86.50) 92% Breach risk 8% POP (stays ≤ $87.06) 93% EV / mo +$3,598 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.6 mo [2.2-5.1] median, 0.1 mo SLOWER than no FIGHT (3.5 mo): roll costs eat the credits at this rung · 46% of paths whole by 9 mo (vs 29% without) · ~9.8 challenges expected · median CC cash $15,956 🛡 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) 8% Flat exit net (mid-life) -$1,064 Free roll-up +$5/wk Safest escape (by 31 Jul 2026) $101 @ 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 1 of 2); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.24/sh now → $2.29 mid-life (likely $2.34–$4.56) → ≈ $0 at expiry | you banked $0.52/sh, so a flat mid-life exit nets -$1.77/sh | roll rows are incremental, the banked premium stays yours 📊 Across 246 simulated challenges: the $86 strike is typically first touched on day 2 of 2, at $89 (overshoots $2.02). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $86.50 is $61 below CC-SS $147.15: 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 $0.52 collected) or spot ≥ $87.06 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $86)); NOT the premium you collected. Momentum override: two daily closes above $111.91 (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 $147.15, where you are whole again, by expiry) Starting unrealized P&L: $-42,543 + Fortress recovery (un-capped): +$42,371 − CC assignment net of premium (6 × $86.50): -$36,077 Total Position P&L @ SS: $-36,249 (+$6,294 vs today) Do-nothing baseline at SS: $-4,425 (this trade vs do-nothing: $-31,824, the opportunity cost of earning $4,680/mo FIGHT income now) BB-reversion stress (→ $137.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$30,582, position total $-36,425 (+$6,118 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 6 × $85 | 17 Jul | 2d | 8.0% | 87% | 26% | $456 | $6,840 | +$3,150 | $36,833 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $85 8.0% OTM over spot $78.72 17 Jul 2026 (2d, $0.79 mid) = $456 credit for the 2d cycle → $6,840/mo projected Survival (stays ≤ $85) 87% Breach risk 13% POP (stays ≤ $85.80) 90% EV / mo +$4,848 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.9 mo [2.4-5.8] median, 0.2 mo SLOWER than no FIGHT (3.7 mo): roll costs eat the credits at this rung · 48% of paths whole by 9 mo (vs 28% without) · ~15.4 challenges expected · median CC cash $23,493 🛡 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) 15% Flat exit net (mid-life) -$896 Free roll-up +$5/wk Safest escape (by 31 Jul 2026) $100 @ 87% POP 85% 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 1 of 2); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $3.19/sh now → $2.25 mid-life (likely $2.53–$4.96) → ≈ $0 at expiry | you banked $0.76/sh, so a flat mid-life exit nets -$1.49/sh | roll rows are incremental, the banked premium stays yours 📊 Across 461 simulated challenges: the $85 strike is typically first touched on day 2 of 2, at $87 (overshoots $2.35). 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 ⚠ $85 is $62 below CC-SS $147.15: 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 $0.76 collected) or spot ≥ $85.80 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $85)); NOT the premium you collected. Momentum override: two daily closes above $111.91 (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 $147.15, where you are whole again, by expiry) Starting unrealized P&L: $-42,543 + Fortress recovery (un-capped): +$42,371 − CC assignment net of premium (6 × $85): -$36,833 Total Position P&L @ SS: $-37,005 (+$5,538 vs today) Do-nothing baseline at SS: $-4,425 (this trade vs do-nothing: $-32,580, the opportunity cost of earning $6,840/mo FIGHT income now) BB-reversion stress (→ $137.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$31,338, position total $-37,181 (+$5,362 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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 × $105 | 24 Jul | 9d | 33.4% | 98% | 5% | $114 | $380 | -$3,160 | $25,175 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $105 33.4% OTM over spot $78.72 24 Jul 2026 (9d, $0.26 mid) = $114 credit for the 9d cycle → $380/mo projected Survival (stays ≤ $105) 98% Breach risk 2% POP (stays ≤ $105.26) 98% EV / mo +$286 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.4 mo [2.1-5.3] median · 26% of paths whole by 9 mo (vs 24% without) · ~0.8 challenges expected · median CC cash $-288 🛡 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) 2% Flat exit net (mid-life) -$2,659 Free roll-up +$2/wk Safest escape (by 31 Jul 2026) $107 @ 71% POP 59% 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 4 of 9); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $6.53/sh now → $4.62 mid-life (likely $2.96–$5.62) → ≈ $0 at expiry | you banked $0.19/sh, so a flat mid-life exit nets -$4.43/sh | roll rows are incremental, the banked premium stays yours 📊 Across 65 simulated challenges: the $105 strike is typically first touched on day 7 of 9, at $108 (overshoots $2.67). 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 ⚠ $105 is $42 below CC-SS $147.15: 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 < $0.05/sh (~25% of the $0.19 collected) or spot ≥ $105.26 (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 $111.91 (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 $147.15, where you are whole again, by expiry) Starting unrealized P&L: $-42,543 + Fortress recovery (un-capped): +$42,371 − CC assignment net of premium (6 × $105): -$25,175 Total Position P&L @ SS: $-25,347 (+$17,196 vs today) Do-nothing baseline at SS: $-4,425 (this trade vs do-nothing: $-20,922, the opportunity cost of earning $380/mo FIGHT income now) BB-reversion stress (→ $137.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$19,680, position total $-25,523 (+$17,020 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 6 × $94 | 24 Jul | 9d | 19.4% | 91% | 19% | $408 | $1,360 | -$2,180 | $31,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $94 19.4% OTM over spot $78.72 24 Jul 2026 (9d, $0.78 mid) = $408 credit for the 9d cycle → $1,360/mo projected Survival (stays ≤ $94) 91% Breach risk 9% POP (stays ≤ $94.78) 92% EV / mo +$733 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.6 mo [2.0-5.5] 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 24% without) · ~3.5 challenges expected · median CC cash $3,859 🛡 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) -$2,074 Free roll-up +$2/wk Safest escape (by 31 Jul 2026) $98 @ 74% POP 65% 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 4 of 9); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.85/sh now → $4.14 mid-life (likely $3.40–$5.83) → ≈ $0 at expiry | you banked $0.68/sh, so a flat mid-life exit nets -$3.46/sh | roll rows are incremental, the banked premium stays yours 📊 Across 404 simulated challenges: the $94 strike is typically first touched on day 6 of 9, at $96 (overshoots $2.49). 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 ⚠ $94 is $53 below CC-SS $147.15: 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 < $0.17/sh (~25% of the $0.68 collected) or spot ≥ $94.78 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $94)); NOT the premium you collected. Momentum override: two daily closes above $111.91 (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 $147.15, where you are whole again, by expiry) Starting unrealized P&L: $-42,543 + Fortress recovery (un-capped): +$42,371 − CC assignment net of premium (6 × $94): -$31,481 Total Position P&L @ SS: $-31,653 (+$10,890 vs today) Do-nothing baseline at SS: $-4,425 (this trade vs do-nothing: $-27,228, the opportunity cost of earning $1,360/mo FIGHT income now) BB-reversion stress (→ $137.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$25,986, position total $-31,829 (+$10,714 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 6 × $90 | 24 Jul | 9d | 14.3% | 85% | 31% | $750 | $2,500 | -$1,040 | $33,539 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $90 14.3% OTM over spot $78.72 24 Jul 2026 (9d, $1.27 mid) = $750 credit for the 9d cycle → $2,500/mo projected Survival (stays ≤ $90) 85% Breach risk 15% POP (stays ≤ $91.28) 87% EV / mo +$1,233 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.2 mo [2.6-6.0] median · 30% of paths whole by 9 mo (vs 24% without) · ~6.2 challenges expected · median CC cash $7,468 🛡 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) 23% Flat exit net (mid-life) -$1,627 Free roll-up +$2/wk Safest escape (by 31 Jul 2026) $96 @ 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 4 of 9); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.60/sh now → $3.96 mid-life (likely $3.83–$5.95) → ≈ $0 at expiry | you banked $1.25/sh, so a flat mid-life exit nets -$2.71/sh | roll rows are incremental, the banked premium stays yours 📊 Across 704 simulated challenges: the $90 strike is typically first touched on day 6 of 9, at $92 (overshoots $2.43). 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 $147.15: 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 < $0.31/sh (~25% of the $1.25 collected) or spot ≥ $91.28 (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 $111.91 (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 $147.15, where you are whole again, by expiry) Starting unrealized P&L: $-42,543 + Fortress recovery (un-capped): +$42,371 − CC assignment net of premium (6 × $90): -$33,539 Total Position P&L @ SS: $-33,711 (+$8,832 vs today) Do-nothing baseline at SS: $-4,425 (this trade vs do-nothing: $-29,286, the opportunity cost of earning $2,500/mo FIGHT income now) BB-reversion stress (→ $137.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$28,044, position total $-33,887 (+$8,656 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 6 × $87 | 24 Jul | 9d | 10.5% | 79% | 35% | $1,062 | $3,540 | — | $35,027 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $87 10.5% OTM over spot $78.72 24 Jul 2026 (9d, $1.84 mid) = $1,062 credit for the 9d cycle → $3,540/mo projected Survival (stays ≤ $87) 79% Breach risk 21% POP (stays ≤ $88.84) 83% EV / mo +$1,432 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.5 mo [2.3-5.8] median, 0.3 mo faster than no FIGHT (3.8 mo) · 31% of paths whole by 9 mo (vs 24% without) · ~9.2 challenges expected · median CC cash $9,612 🛡 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) 35% Flat exit net (mid-life) -$1,235 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $96 @ 81% POP 77% 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 4 of 9); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.41/sh now → $3.83 mid-life (likely $4.09–$6.08) → ≈ $0 at expiry | you banked $1.77/sh, so a flat mid-life exit nets -$2.06/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,038 simulated challenges: the $87 strike is typically first touched on day 5 of 9, at $89 (overshoots $2.33). 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 is $60 below CC-SS $147.15: 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 < $0.44/sh (~25% of the $1.77 collected) or spot ≥ $88.84 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $87)); NOT the premium you collected. Momentum override: two daily closes above $111.91 (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 $147.15, where you are whole again, by expiry) Starting unrealized P&L: $-42,543 + Fortress recovery (un-capped): +$42,371 − CC assignment net of premium (6 × $87): -$35,027 Total Position P&L @ SS: $-35,199 (+$7,344 vs today) Do-nothing baseline at SS: $-4,425 (this trade vs do-nothing: $-30,774, the opportunity cost of earning $3,540/mo FIGHT income now) BB-reversion stress (→ $137.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$29,532, position total $-35,375 (+$7,168 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 6 × $81 | 24 Jul | 9d | 2.9% | 61% | 82% | $2,160 | $7,200 | +$3,660 | $37,529 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $81 2.9% OTM over spot $78.72 24 Jul 2026 (9d, $3.73 mid) = $2,160 credit for the 9d cycle → $7,200/mo projected Survival (stays ≤ $81) 61% Breach risk 39% POP (stays ≤ $84.72) 73% EV / mo +$1,867 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.8 mo [2.3-5.7] median, 0.1 mo faster than no FIGHT (3.9 mo) · 36% of paths whole by 9 mo (vs 28% without) · ~23.5 challenges expected · median CC cash $13,704 🛡 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) 68% Flat exit net (mid-life) +$21 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $98 @ 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 4 of 9); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.04/sh now → $3.56 mid-life (likely $4.77–$6.58) → ≈ $0 at expiry | you banked $3.60/sh, so a flat mid-life exit nets +$0.04/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,032 simulated challenges: the $81 strike is typically first touched on day 3 of 9, at $83 (overshoots $2.32). 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 ⚠ $81 is $66 below CC-SS $147.15: 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 < $0.90/sh (~25% of the $3.60 collected) or spot ≥ $84.72 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $81)); NOT the premium you collected. Momentum override: two daily closes above $111.91 (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 $147.15, where you are whole again, by expiry) Starting unrealized P&L: $-42,543 + Fortress recovery (un-capped): +$42,371 − CC assignment net of premium (6 × $81): -$37,529 Total Position P&L @ SS: $-37,701 (+$4,842 vs today) Do-nothing baseline at SS: $-4,425 (this trade vs do-nothing: $-33,276, the opportunity cost of earning $7,200/mo FIGHT income now) BB-reversion stress (→ $137.99 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$32,034, position total $-37,877 (+$4,666 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 2-45 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: 1.032 (IBKR) | Recovery@SS: +$42,371 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-4,425
| 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 | 2d | 17 Jul 2026 | $0.41 | 6/6 | $3,690 | $3,360 | 94% | 95% | +$2,977 | -$35,543 | 223.1% | $-35,715 (vs do-nothing $-31,290) |
| $86.50 | 2d | 17 Jul 2026 | $0.52 | 5/6 | $3,900 | $3,582 | 92% | 93% | +$2,999 | -$30,064 | 188.7% | $-30,945 (vs do-nothing $-26,520) |
| $85 | 2d | 17 Jul 2026 | $0.76 | 3/6 | $3,420 | $3,124 | 87% | 90% | +$2,424 | -$18,417 | 115.6% | $-20,715 (vs do-nothing $-16,290) |
| $83.50 | 2d | 17 Jul 2026 | $1.07 | 3/6 | $4,815 | $4,519 | 81% | 86% | +$3,035 | -$18,774 | 117.9% | $-21,072 (vs do-nothing $-16,647) |
| $87 | 9d | 24 Jul 2026 | $1.77 | 6/6 | $3,540 | $3,210 | 79% | 83% | +$1,432 | -$35,027 | 219.9% | $-35,199 (vs do-nothing $-30,774) |
| $82.50 | 2d | 17 Jul 2026 | $1.33 | 2/6 | $3,990 | $3,705 | 76% | 83% | +$2,281 | -$12,664 | 79.5% | $-15,671 (vs do-nothing $-11,246) |
| $86 | 9d | 24 Jul 2026 | $2.01 | 5/6 | $3,350 | $3,032 | 76% | 81% | +$1,280 | -$29,569 | 185.6% | $-30,450 (vs do-nothing $-26,025) |
| $87 | 16d | 31 Jul 2026 | $2.99 | 6/6 | $3,364 | $3,034 | 74% | 80% | +$1,043 | -$34,295 | 215.3% | $-34,467 (vs do-nothing $-30,042) |
| $85 | 9d | 24 Jul 2026 | $2.29 | 5/6 | $3,817 | $3,498 | 74% | 80% | +$1,386 | -$29,929 | 187.9% | $-30,810 (vs do-nothing $-26,385) |
| $86 | 16d | 31 Jul 2026 | $3.25 | 6/6 | $3,656 | $3,327 | 72% | 78% | +$1,062 | -$34,739 | 218.1% | $-34,911 (vs do-nothing $-30,486) |
| $84 | 9d | 24 Jul 2026 | $2.57 | 4/6 | $3,427 | $3,120 | 71% | 78% | +$1,152 | -$24,231 | 152.1% | $-25,821 (vs do-nothing $-21,396) |
| $81.50 | 2d | 17 Jul 2026 | $1.64 | 2/6 | $4,920 | $4,635 | 70% | 80% | +$2,511 | -$12,802 | 80.4% | $-15,809 (vs do-nothing $-11,384) |
| $85 | 16d | 31 Jul 2026 | $3.55 | 5/6 | $3,328 | $3,010 | 69% | 77% | +$915 | -$29,299 | 183.9% | $-30,180 (vs do-nothing $-25,755) |
| 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 | 9d | 24 Jul 2026 | $2.91 | 4/6 | $3,880 | $3,573 | 68% | 76% | +$1,229 | -$24,495 | 153.8% | $-26,085 (vs do-nothing $-21,660) |
| $84 | 16d | 31 Jul 2026 | $3.75 | 5/6 | $3,516 | $3,197 | 67% | 76% | +$827 | -$29,699 | 186.4% | $-30,580 (vs do-nothing $-26,155) |
| $83 | 16d | 31 Jul 2026 | $4.25 | 5/6 | $3,984 | $3,666 | 65% | 75% | +$994 | -$29,949 | 188.0% | $-30,830 (vs do-nothing $-26,405) |
| $82 | 9d | 24 Jul 2026 | $3.20 | 4/6 | $4,267 | $3,960 | 64% | 74% | +$1,189 | -$24,779 | 155.6% | $-26,369 (vs do-nothing $-21,944) |
| $82 | 16d | 31 Jul 2026 | $4.50 | 4/6 | $3,375 | $3,068 | 62% | 73% | +$719 | -$24,259 | 152.3% | $-25,849 (vs do-nothing $-21,424) |
| $81 | 9d | 24 Jul 2026 | $3.60 | 3/6 | $3,600 | $3,304 | 61% | 73% | +$933 | -$18,765 | 117.8% | $-21,063 (vs do-nothing $-16,638) |
| $80 | 2d | 17 Jul 2026 | $2.21 | 2/6 | $6,630 | $6,345 | 61% | 75% | +$2,767 | -$12,988 | 81.5% | $-15,995 (vs do-nothing $-11,570) |
| $81 | 16d | 31 Jul 2026 | $5.00 | 4/6 | $3,750 | $3,443 | 60% | 72% | +$807 | -$24,459 | 153.5% | $-26,049 (vs do-nothing $-21,624) |
| $80 | 9d | 24 Jul 2026 | $4.05 | 3/6 | $4,050 | $3,754 | 57% | 71% | +$983 | -$18,930 | 118.8% | $-21,228 (vs do-nothing $-16,803) |
| $80 | 16d | 31 Jul 2026 | $5.40 | 4/6 | $4,050 | $3,743 | 57% | 71% | +$797 | -$24,699 | 155.0% | $-26,289 (vs do-nothing $-21,864) |
| $79 | 16d | 31 Jul 2026 | $5.90 | 3/6 | $3,319 | $3,023 | 54% | 70% | +$628 | -$18,675 | 117.2% | $-20,973 (vs do-nothing $-16,548) |
| $79 | 9d | 24 Jul 2026 | $4.50 | 3/6 | $4,500 | $4,204 | 54% | 69% | +$944 | -$19,095 | 119.9% | $-21,393 (vs do-nothing $-16,968) |
| $79 | 2d | 17 Jul 2026 | $2.67 | 1/6 | $4,005 | $3,732 | 53% | 72% | +$1,435 | -$6,548 | 41.1% | $-10,264 (vs do-nothing $-5,839) |
| $78 | 16d | 31 Jul 2026 | $6.30 | 3/6 | $3,544 | $3,248 | 52% | 68% | +$582 | -$18,855 | 118.4% | $-21,153 (vs do-nothing $-16,728) |
| $78 | 9d | 24 Jul 2026 | $5.00 | 2/6 | $3,333 | $3,049 | 50% | 68% | +$639 | -$12,830 | 80.5% | $-15,837 (vs do-nothing $-11,412) |
| $78 | 2d | 17 Jul 2026 | $3.15 | 1/6 | $4,725 | $4,452 | 46% | 69% | +$1,386 | -$6,600 | 41.4% | $-10,316 (vs do-nothing $-5,891) |
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.