6 contracts (600 sh) | BE SS: $141.55 | CC-SS: $148.08 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $69,930 | (ND $26.55 + SW $90) x 600 |
| Normal income ref | $6,210/mo | 95% ann ROI on ML |
| Hedge rolling cost | $329/mo | |
| Unrealized P&L | $-44,592 | 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 🏆 | 24 Jul 2026 · 8d | 6 × $84 | 79% | $3,488 | $1,064 |
| 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 × $100 | 24 Jul | 8d | 30.9% | 98% | 5% | $90 | $338 | -$3,150 | $28,759 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $100 30.9% OTM over spot $76.38 24 Jul 2026 (8d, $0.19 mid) = $90 credit for the 8d cycle → $338/mo projected Survival (stays ≤ $100) 98% Breach risk 2% POP (stays ≤ $100.19) 98% EV / mo +$234 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.8 mo [2.5-6.0] median, 0.1 mo SLOWER than no FIGHT (3.8 mo): roll costs eat the credits at this rung · 27% of paths whole by 9 mo (vs 25% without) · ~1.0 challenges expected · median CC cash $-653 🛡 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) -$2,300 Free roll-up +$3/wk Safest escape (by 31 Jul 2026) $104 @ 73% POP 63% 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 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.63/sh now → $3.98 mid-life (likely $2.48–$4.53) → ≈ $0 at expiry | you banked $0.15/sh, so a flat mid-life exit nets -$3.83/sh | roll rows are incremental, the banked premium stays yours 📊 Across 61 simulated challenges: the $100 strike is typically first touched on day 7 of 8, at $102 (overshoots $1.82). 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 ⚠ $100 is $48 below CC-SS $148.08: 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 < $0.04/sh (~25% of the $0.15 collected) or spot ≥ $100.19 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $100)); NOT the premium you collected. Momentum override: two daily closes above $110.68 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.08, where you are whole again, by expiry) Starting unrealized P&L: $-44,592 + Fortress recovery (un-capped): +$44,143 − CC assignment net of premium (6 × $100): -$28,759 Total Position P&L @ SS: $-29,208 (+$15,384 vs today) Do-nothing baseline at SS: $-5,292 (this trade vs do-nothing: $-23,916, the opportunity cost of earning $338/mo FIGHT income now) BB-reversion stress (→ $138.01 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$22,716, position total $-29,365 (+$15,227 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 6 × $90 | 24 Jul | 8d | 17.8% | 90% | 20% | $402 | $1,508 | -$1,980 | $34,447 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $90 17.8% OTM over spot $76.38 24 Jul 2026 (8d, $0.69 mid) = $402 credit for the 8d cycle → $1,508/mo projected Survival (stays ≤ $90) 90% Breach risk 10% POP (stays ≤ $90.69) 91% EV / mo +$820 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.1 mo [2.9-5.8] median, 0.3 mo faster than no FIGHT (4.4 mo) · 29% of paths whole by 9 mo (vs 26% without) · ~4.3 challenges expected · median CC cash $4,582 🛡 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) 12% Flat exit net (mid-life) -$1,749 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $96 @ 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 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.07/sh now → $3.58 mid-life (likely $3.25–$5.39) → ≈ $0 at expiry | you banked $0.67/sh, so a flat mid-life exit nets -$2.91/sh | roll rows are incremental, the banked premium stays yours 📊 Across 364 simulated challenges: the $90 strike is typically first touched on day 5 of 8, at $92 (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 ⚠ $90 is $58 below CC-SS $148.08: 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 $0.67 collected) or spot ≥ $90.69 (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 $110.68 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.08, where you are whole again, by expiry) Starting unrealized P&L: $-44,592 + Fortress recovery (un-capped): +$44,143 − CC assignment net of premium (6 × $90): -$34,447 Total Position P&L @ SS: $-34,896 (+$9,696 vs today) Do-nothing baseline at SS: $-5,292 (this trade vs do-nothing: $-29,604, the opportunity cost of earning $1,508/mo FIGHT income now) BB-reversion stress (→ $138.01 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$28,404, position total $-35,053 (+$9,539 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 6 × $87 | 24 Jul | 8d | 13.9% | 86% | 30% | $612 | $2,295 | -$1,192 | $36,037 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $87 13.9% OTM over spot $76.38 24 Jul 2026 (8d, $1.06 mid) = $612 credit for the 8d cycle → $2,295/mo projected Survival (stays ≤ $87) 86% Breach risk 14% POP (stays ≤ $88.06) 88% EV / mo +$1,075 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.4 mo [2.7-6.2] median · 28% of paths whole by 9 mo (vs 24% without) · ~6.7 challenges expected · median CC cash $6,912 🛡 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) 22% Flat exit net (mid-life) -$1,467 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $94 @ 78% POP 72% 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 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.90/sh now → $3.47 mid-life (likely $3.33–$5.46) → ≈ $0 at expiry | you banked $1.02/sh, so a flat mid-life exit nets -$2.45/sh | roll rows are incremental, the banked premium stays yours 📊 Across 650 simulated challenges: the $87 strike is typically first touched on day 5 of 8, at $89 (overshoots $2.41). 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 $61 below CC-SS $148.08: 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 < $0.26/sh (~25% of the $1.02 collected) or spot ≥ $88.06 (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 $110.68 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.08, where you are whole again, by expiry) Starting unrealized P&L: $-44,592 + Fortress recovery (un-capped): +$44,143 − CC assignment net of premium (6 × $87): -$36,037 Total Position P&L @ SS: $-36,486 (+$8,106 vs today) Do-nothing baseline at SS: $-5,292 (this trade vs do-nothing: $-31,194, the opportunity cost of earning $2,295/mo FIGHT income now) BB-reversion stress (→ $138.01 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$29,994, position total $-36,643 (+$7,949 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 6 × $84 | 24 Jul | 8d | 10.0% | 79% | 32% | $930 | $3,488 | — | $37,519 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $84 10.0% OTM over spot $76.38 24 Jul 2026 (8d, $1.61 mid) = $930 credit for the 8d cycle → $3,488/mo projected Survival (stays ≤ $84) 79% Breach risk 21% POP (stays ≤ $85.61) 83% EV / mo +$1,362 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 3.8 mo [2.7-5.7] median, 0.1 mo faster than no FIGHT (3.9 mo) · 33% of paths whole by 9 mo (vs 26% without) · ~10.1 challenges expected · median CC cash $9,619 🛡 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) 32% Flat exit net (mid-life) -$1,077 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $94 @ 82% POP 79% 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 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.73/sh now → $3.35 mid-life (likely $3.50–$5.43) → ≈ $0 at expiry | you banked $1.55/sh, so a flat mid-life exit nets -$1.80/sh | roll rows are incremental, the banked premium stays yours 📊 Across 966 simulated challenges: the $84 strike is typically first touched on day 4 of 8, at $86 (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 ⚠ $84 is $64 below CC-SS $148.08: 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 < $0.39/sh (~25% of the $1.55 collected) or spot ≥ $85.61 (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 $110.68 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.08, where you are whole again, by expiry) Starting unrealized P&L: $-44,592 + Fortress recovery (un-capped): +$44,143 − CC assignment net of premium (6 × $84): -$37,519 Total Position P&L @ SS: $-37,968 (+$6,624 vs today) Do-nothing baseline at SS: $-5,292 (this trade vs do-nothing: $-32,676, the opportunity cost of earning $3,488/mo FIGHT income now) BB-reversion stress (→ $138.01 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$31,476, position total $-38,125 (+$6,467 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 6 × $79 | 24 Jul | 8d | 3.4% | 63% | 78% | $1,788 | $6,705 | +$3,218 | $39,661 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $79 3.4% OTM over spot $76.38 24 Jul 2026 (8d, $3.12 mid) = $1,788 credit for the 8d cycle → $6,705/mo projected Survival (stays ≤ $79) 63% Breach risk 37% POP (stays ≤ $82.11) 74% EV / mo +$1,706 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.8 mo [2.9-6.6] median, 0.7 mo SLOWER than no FIGHT (4.2 mo): roll costs eat the credits at this rung · 30% of paths whole by 9 mo (vs 20% without) · ~23.9 challenges expected · median CC cash $14,201 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 62% Flat exit net (mid-life) -$100 Free roll-up +$4/wk Safest escape (by 31 Jul 2026) $95 @ 90% POP 89% 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 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.45/sh now → $3.15 mid-life (likely $4.09–$5.71) → ≈ $0 at expiry | you banked $2.98/sh, so a flat mid-life exit nets -$0.17/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,870 simulated challenges: the $79 strike is typically first touched on day 3 of 8, at $81 (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 ⚠ $79 is $69 below CC-SS $148.08: 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 < $0.74/sh (~25% of the $2.98 collected) or spot ≥ $82.11 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $79)); NOT the premium you collected. Momentum override: two daily closes above $110.68 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.03 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.08, where you are whole again, by expiry) Starting unrealized P&L: $-44,592 + Fortress recovery (un-capped): +$44,143 − CC assignment net of premium (6 × $79): -$39,661 Total Position P&L @ SS: $-40,110 (+$4,482 vs today) Do-nothing baseline at SS: $-5,292 (this trade vs do-nothing: $-34,818, the opportunity cost of earning $6,705/mo FIGHT income now) BB-reversion stress (→ $138.01 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$33,618, position total $-40,267 (+$4,325 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (2 expiries scanned, 20 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: 1.026 (IBKR) | Recovery@SS: +$44,143 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-5,292
| 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 | 8d | 24 Jul 2026 | $1.55 | 6/6 | $3,488 | $3,158 | 79% | 83% | +$1,362 | -$37,519 | 235.5% | $-37,968 (vs do-nothing $-32,676) |
| $83 | 8d | 24 Jul 2026 | $1.78 | 5/6 | $3,338 | $3,010 | 76% | 81% | +$1,218 | -$31,651 | 198.7% | $-32,907 (vs do-nothing $-27,615) |
| $84 | 15d | 31 Jul 2026 | $2.79 | 6/6 | $3,348 | $3,019 | 73% | 79% | +$937 | -$36,775 | 230.9% | $-37,224 (vs do-nothing $-31,932) |
| $82 | 8d | 24 Jul 2026 | $2.03 | 5/6 | $3,806 | $3,479 | 73% | 79% | +$1,280 | -$32,026 | 201.0% | $-33,282 (vs do-nothing $-27,990) |
| $83 | 15d | 31 Jul 2026 | $3.05 | 6/6 | $3,660 | $3,331 | 71% | 78% | +$949 | -$37,219 | 233.6% | $-37,668 (vs do-nothing $-32,376) |
| $81 | 8d | 24 Jul 2026 | $2.31 | 4/6 | $3,465 | $3,140 | 70% | 77% | +$1,066 | -$25,909 | 162.6% | $-27,972 (vs do-nothing $-22,680) |
| $82 | 15d | 31 Jul 2026 | $3.35 | 5/6 | $3,350 | $3,023 | 69% | 76% | +$815 | -$31,366 | 196.9% | $-32,622 (vs do-nothing $-27,330) |
| $80 | 8d | 24 Jul 2026 | $2.57 | 4/6 | $3,855 | $3,530 | 66% | 75% | +$1,021 | -$26,205 | 164.5% | $-28,268 (vs do-nothing $-22,976) |
| $81 | 15d | 31 Jul 2026 | $3.70 | 5/6 | $3,700 | $3,373 | 66% | 75% | +$862 | -$31,691 | 198.9% | $-32,947 (vs do-nothing $-27,655) |
| $80 | 15d | 31 Jul 2026 | $4.05 | 4/6 | $3,240 | $2,915 | 64% | 74% | +$703 | -$25,613 | 160.8% | $-27,676 (vs do-nothing $-22,384) |
| $79 | 8d | 24 Jul 2026 | $2.98 | 3/6 | $3,352 | $3,029 | 63% | 74% | +$853 | -$19,831 | 124.5% | $-22,701 (vs do-nothing $-17,409) |
| $79 | 15d | 31 Jul 2026 | $4.25 | 4/6 | $3,400 | $3,075 | 61% | 72% | +$571 | -$25,933 | 162.8% | $-27,996 (vs do-nothing $-22,704) |
| $78 | 8d | 24 Jul 2026 | $3.30 | 3/6 | $3,712 | $3,389 | 59% | 72% | +$789 | -$20,035 | 125.8% | $-22,905 (vs do-nothing $-17,613) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $78 | 15d | 31 Jul 2026 | $4.65 | 4/6 | $3,720 | $3,395 | 58% | 71% | +$574 | -$26,173 | 164.3% | $-28,236 (vs do-nothing $-22,944) |
| $77 | 15d | 31 Jul 2026 | $5.25 | 3/6 | $3,150 | $2,827 | 55% | 70% | +$532 | -$19,750 | 124.0% | $-22,620 (vs do-nothing $-17,328) |
| $77 | 8d | 24 Jul 2026 | $3.75 | 3/6 | $4,219 | $3,896 | 55% | 70% | +$818 | -$20,200 | 126.8% | $-23,070 (vs do-nothing $-17,778) |
| $76 | 15d | 31 Jul 2026 | $5.55 | 3/6 | $3,330 | $3,007 | 52% | 68% | +$433 | -$19,960 | 125.3% | $-22,830 (vs do-nothing $-17,538) |
| $76 | 8d | 24 Jul 2026 | $4.25 | 2/6 | $3,188 | $2,866 | 51% | 68% | +$566 | -$13,566 | 85.2% | $-17,244 (vs do-nothing $-11,952) |
| $75 | 15d | 31 Jul 2026 | $6.20 | 3/6 | $3,720 | $3,397 | 50% | 67% | +$523 | -$20,065 | 126.0% | $-22,935 (vs do-nothing $-17,643) |
| $75 | 8d | 24 Jul 2026 | $4.70 | 2/6 | $3,525 | $3,204 | 47% | 66% | +$511 | -$13,676 | 85.9% | $-17,354 (vs do-nothing $-12,062) |
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.