6 contracts (600 sh) | BE SS: $141.55 | CC-SS: $147.17 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $69,930 | (ND $26.55 + SW $90) x 600 |
| Normal income ref | $5,880/mo | 95% ann ROI on ML |
| Hedge rolling cost | $402/mo | |
| Unrealized P&L | $-46,239 | 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 × $80 | 79% | $3,082 | $868 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ▸ | cover hedge | 4 × $90 | 24 Jul | 8d | 23.9% | 96% | 9% | $124 | $465 | -$2,618 | $22,746 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $90 23.9% OTM over spot $72.62 24 Jul 2026 (8d, $0.35 mid) = $124 credit for the 8d cycle → $465/mo projected Survival (stays ≤ $90) 96% Breach risk 4% POP (stays ≤ $90.35) 96% EV / mo +$323 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.7 mo [3.1-6.9] median, 0.3 mo SLOWER than no FIGHT (4.4 mo): roll costs eat the credits at this rung · 23% of paths whole by 9 mo (vs 19% without) · ~1.9 challenges expected · median CC cash $-437 🛡 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) -$1,275 Free roll-up +$2/wk Safest escape (by 7 Aug 2026) $98 @ 78% POP 72% survival Roll menuyour doors if the call gets challenged; each row = buy back the 4 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: $4.94/sh now → $3.50 mid-life (likely $2.52–$4.72) → ≈ $0 at expiry | you banked $0.31/sh, so a flat mid-life exit nets -$3.19/sh | roll rows are incremental, the banked premium stays yours 📊 Across 207 simulated challenges: the $90 strike is typically first touched on day 6 of 8, 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 $147.17: 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 $0.31 collected) or spot ≥ $90.35 (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 $111.01 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.02 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $147.17, where you are whole again, by expiry) Starting unrealized P&L: $-46,239 + Fortress recovery (un-capped): +$45,538 − CC assignment net of premium (4 × $90): -$22,746 − Conservative CC assignment net of premium (2 × $140): -$1,433 Total Position P&L @ SS: $-24,880 (+$21,359 vs today) Do-nothing baseline at SS: $-5,000 (this trade vs do-nothing: $-19,880, the opportunity cost of earning $465/mo FIGHT income now) BB-reversion stress (→ $138.00 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$19,076, position total $-25,379 (+$20,860 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 6 × $86 | 24 Jul | 8d | 18.4% | 91% | 18% | $300 | $1,125 | -$1,958 | $36,404 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $86 18.4% OTM over spot $72.62 24 Jul 2026 (8d, $0.57 mid) = $300 credit for the 8d cycle → $1,125/mo projected Survival (stays ≤ $86) 91% Breach risk 9% POP (stays ≤ $86.58) 92% EV / mo +$562 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.2 mo [2.6-6.4] median, 0.2 mo SLOWER than no FIGHT (4.0 mo): roll costs eat the credits at this rung · 24% of paths whole by 9 mo (vs 22% without) · ~4.0 challenges expected · median CC cash $2,555 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 11% Flat exit net (mid-life) -$1,705 Free roll-up +$2/wk Safest escape (by 7 Aug 2026) $96 @ 79% 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 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.72/sh now → $3.34 mid-life (likely $2.73–$4.75) → ≈ $0 at expiry | you banked $0.50/sh, so a flat mid-life exit nets -$2.84/sh | roll rows are incremental, the banked premium stays yours 📊 Across 337 simulated challenges: the $86 strike is typically first touched on day 6 of 8, at $88 (overshoots $2.16). 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 is $61 below CC-SS $147.17: 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 $0.50 collected) or spot ≥ $86.58 (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 $111.01 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.02 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $147.17, where you are whole again, by expiry) Starting unrealized P&L: $-46,239 + Fortress recovery (un-capped): +$45,538 − CC assignment net of premium (6 × $86): -$36,404 Total Position P&L @ SS: $-37,106 (+$9,133 vs today) Do-nothing baseline at SS: $-5,000 (this trade vs do-nothing: $-32,106, the opportunity cost of earning $1,125/mo FIGHT income now) BB-reversion stress (→ $138.00 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$30,900, position total $-37,205 (+$9,034 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal | 6 × $82 | 24 Jul | 8d | 12.9% | 84% | 34% | $588 | $2,205 | -$878 | $38,516 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $82 12.9% OTM over spot $72.62 24 Jul 2026 (8d, $1.06 mid) = $588 credit for the 8d cycle → $2,205/mo projected Survival (stays ≤ $82) 84% Breach risk 16% POP (stays ≤ $83.06) 86% EV / mo +$785 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.1 mo [2.6-6.4] median, 0.1 mo SLOWER than no FIGHT (4.0 mo): roll costs eat the credits at this rung · 27% of paths whole by 9 mo (vs 22% without) · ~7.8 challenges expected · median CC cash $5,874 🛡 IF CHALLENGED (spot reaches the strike) · challenge = the strike is touched at any point, so it runs ~2x the breach risk (finishing through it) Challenge odds (touch by expiry) 25% Flat exit net (mid-life) -$1,323 Free roll-up +$2/wk Safest escape (by 7 Aug 2026) $95 @ 83% POP 80% survival Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.50/sh now → $3.19 mid-life (likely $3.04–$5.05) → ≈ $0 at expiry | you banked $0.98/sh, so a flat mid-life exit nets -$2.21/sh | roll rows are incremental, the banked premium stays yours 📊 Across 755 simulated challenges: the $82 strike is typically first touched on day 5 of 8, at $84 (overshoots $2.24). 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 ⚠ $82 is $65 below CC-SS $147.17: 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 < $0.24/sh (~25% of the $0.98 collected) or spot ≥ $83.06 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $82)); NOT the premium you collected. Momentum override: two daily closes above $111.01 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.02 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $147.17, where you are whole again, by expiry) Starting unrealized P&L: $-46,239 + Fortress recovery (un-capped): +$45,538 − CC assignment net of premium (6 × $82): -$38,516 Total Position P&L @ SS: $-39,218 (+$7,021 vs today) Do-nothing baseline at SS: $-5,000 (this trade vs do-nothing: $-34,218, the opportunity cost of earning $2,205/mo FIGHT income now) BB-reversion stress (→ $138.00 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$33,012, position total $-39,317 (+$6,922 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 6 × $80 | 24 Jul | 8d | 10.2% | 79% | 32% | $822 | $3,082 | — | $39,482 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $80 10.2% OTM over spot $72.62 24 Jul 2026 (8d, $1.44 mid) = $822 credit for the 8d cycle → $3,082/mo projected Survival (stays ≤ $80) 79% Breach risk 21% POP (stays ≤ $81.44) 83% EV / mo +$1,025 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.9 mo [3.4-6.4] median, 0.4 mo SLOWER than no FIGHT (4.6 mo): roll costs eat the credits at this rung · 27% of paths whole by 9 mo (vs 20% without) · ~10.6 challenges expected · median CC cash $7,935 🛡 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) -$1,043 Free roll-up +$2/wk Safest escape (by 7 Aug 2026) $95 @ 85% POP 83% survival Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.39/sh now → $3.11 mid-life (likely $3.22–$4.97) → ≈ $0 at expiry | you banked $1.37/sh, so a flat mid-life exit nets -$1.74/sh | roll rows are incremental, the banked premium stays yours 📊 Across 950 simulated challenges: the $80 strike is typically first touched on day 4 of 8, at $82 (overshoots $2.04). 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 ⚠ $80 is $67 below CC-SS $147.17: 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 < $0.34/sh (~25% of the $1.37 collected) or spot ≥ $81.44 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $80)); NOT the premium you collected. Momentum override: two daily closes above $111.01 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.02 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $147.17, where you are whole again, by expiry) Starting unrealized P&L: $-46,239 + Fortress recovery (un-capped): +$45,538 − CC assignment net of premium (6 × $80): -$39,482 Total Position P&L @ SS: $-40,184 (+$6,055 vs today) Do-nothing baseline at SS: $-5,000 (this trade vs do-nothing: $-35,184, the opportunity cost of earning $3,082/mo FIGHT income now) BB-reversion stress (→ $138.00 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$33,978, position total $-40,283 (+$5,956 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 6 × $75 | 24 Jul | 8d | 3.3% | 62% | 79% | $1,674 | $6,278 | +$3,195 | $41,630 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $75 3.3% OTM over spot $72.62 24 Jul 2026 (8d, $2.92 mid) = $1,674 credit for the 8d cycle → $6,278/mo projected Survival (stays ≤ $75) 62% Breach risk 38% POP (stays ≤ $77.92) 73% EV / mo +$1,348 📈 CAMPAIGN OUTLOOK (400 paths, sell-roll-repeat this rung for 9 mo) whole in 4.4 mo [3.0-6.3] median, 0.2 mo faster than no FIGHT (4.6 mo) · 29% of paths whole by 9 mo (vs 20% without) · ~24.9 challenges expected · median CC cash $12,465 🛡 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) 64% Flat exit net (mid-life) -$74 Free roll-up +$2/wk Safest escape (by 7 Aug 2026) $94 @ 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 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.12/sh now → $2.91 mid-life (likely $3.83–$5.47) → ≈ $0 at expiry | you banked $2.79/sh, so a flat mid-life exit nets -$0.12/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,924 simulated challenges: the $75 strike is typically first touched on day 3 of 8, at $77 (overshoots $2.18). 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 ⚠ $75 is $72 below CC-SS $147.17: 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 < $0.70/sh (~25% of the $2.79 collected) or spot ≥ $77.92 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $75)); NOT the premium you collected. Momentum override: two daily closes above $111.01 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 1.02 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $147.17, where you are whole again, by expiry) Starting unrealized P&L: $-46,239 + Fortress recovery (un-capped): +$45,538 − CC assignment net of premium (6 × $75): -$41,630 Total Position P&L @ SS: $-42,332 (+$3,907 vs today) Do-nothing baseline at SS: $-5,000 (this trade vs do-nothing: $-37,332, the opportunity cost of earning $6,278/mo FIGHT income now) BB-reversion stress (→ $138.00 Upper BB (CC ceiling), the probable scenario per weekly technicals): CC give-up -$36,126, position total $-42,431 (+$3,808 vs today) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 27 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: 1.018 (IBKR) | Recovery@SS: +$45,538 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-5,000
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $80 | 8d | 24 Jul 2026 | $1.37 | 6/6 | $3,082 | $2,680 | 79% | 83% | +$1,025 | -$39,482 | 247.8% | $-40,184 (vs do-nothing $-35,184) |
| $79 | 8d | 24 Jul 2026 | $1.60 | 5/6 | $3,000 | $2,600 | 76% | 81% | +$943 | -$33,287 | 209.0% | $-34,705 (vs do-nothing $-29,705) |
| $80 | 15d | 31 Jul 2026 | $2.65 | 6/6 | $3,180 | $2,778 | 73% | 79% | +$887 | -$38,714 | 243.0% | $-39,416 (vs do-nothing $-34,416) |
| $78 | 8d | 24 Jul 2026 | $1.83 | 5/6 | $3,431 | $3,031 | 73% | 79% | +$972 | -$33,672 | 211.4% | $-35,090 (vs do-nothing $-30,090) |
| $79 | 15d | 31 Jul 2026 | $2.79 | 6/6 | $3,348 | $2,946 | 71% | 78% | +$754 | -$39,230 | 246.3% | $-39,932 (vs do-nothing $-34,932) |
| $80 | 22d | 7 Aug 2026 | $3.65 | 6/6 | $2,986 | $2,584 | 71% | 78% | +$785 | -$38,114 | 239.3% | $-38,816 (vs do-nothing $-33,816) |
| $77 | 8d | 24 Jul 2026 | $2.12 | 4/6 | $3,180 | $2,782 | 70% | 77% | +$836 | -$27,222 | 170.9% | $-29,356 (vs do-nothing $-24,356) |
| $79 | 22d | 7 Aug 2026 | $3.95 | 6/6 | $3,232 | $2,830 | 69% | 77% | +$801 | -$38,534 | 241.9% | $-39,236 (vs do-nothing $-34,236) |
| $78 | 15d | 31 Jul 2026 | $3.00 | 5/6 | $3,000 | $2,600 | 69% | 77% | +$559 | -$33,087 | 207.7% | $-34,505 (vs do-nothing $-29,505) |
| $78 | 22d | 7 Aug 2026 | $4.25 | 6/6 | $3,477 | $3,075 | 67% | 76% | +$798 | -$38,954 | 244.5% | $-39,656 (vs do-nothing $-34,656) |
| $76 | 8d | 24 Jul 2026 | $2.46 | 4/6 | $3,690 | $3,292 | 66% | 75% | +$908 | -$27,486 | 172.5% | $-29,620 (vs do-nothing $-24,620) |
| $77 | 15d | 31 Jul 2026 | $3.10 | 5/6 | $3,100 | $2,700 | 66% | 74% | +$351 | -$33,537 | 210.5% | $-34,955 (vs do-nothing $-29,955) |
| $77 | 22d | 7 Aug 2026 | $4.60 | 5/6 | $3,136 | $2,736 | 65% | 75% | +$680 | -$32,787 | 205.8% | $-34,205 (vs do-nothing $-29,205) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $76 | 15d | 31 Jul 2026 | $3.45 | 5/6 | $3,450 | $3,050 | 63% | 73% | +$361 | -$33,862 | 212.6% | $-35,280 (vs do-nothing $-30,280) |
| $76 | 22d | 7 Aug 2026 | $4.95 | 5/6 | $3,375 | $2,975 | 62% | 74% | +$677 | -$33,112 | 207.9% | $-34,530 (vs do-nothing $-29,530) |
| $75 | 8d | 24 Jul 2026 | $2.79 | 3/6 | $3,139 | $2,743 | 62% | 73% | +$674 | -$20,815 | 130.7% | $-23,666 (vs do-nothing $-18,666) |
| $75 | 15d | 31 Jul 2026 | $3.85 | 4/6 | $3,080 | $2,682 | 61% | 71% | +$310 | -$27,330 | 171.6% | $-29,464 (vs do-nothing $-24,464) |
| $75 | 22d | 7 Aug 2026 | $5.35 | 5/6 | $3,648 | $3,248 | 60% | 72% | +$689 | -$33,412 | 209.7% | $-34,830 (vs do-nothing $-29,830) |
| $74 | 8d | 24 Jul 2026 | $3.00 | 3/6 | $3,375 | $2,979 | 58% | 71% | +$478 | -$21,052 | 132.2% | $-23,903 (vs do-nothing $-18,903) |
| $74 | 22d | 7 Aug 2026 | $6.00 | 4/6 | $3,273 | $2,875 | 58% | 72% | +$683 | -$26,870 | 168.7% | $-29,004 (vs do-nothing $-24,004) |
| $74 | 15d | 31 Jul 2026 | $4.55 | 4/6 | $3,640 | $3,242 | 58% | 70% | +$545 | -$27,450 | 172.3% | $-29,584 (vs do-nothing $-24,584) |
| $73 | 22d | 7 Aug 2026 | $6.20 | 4/6 | $3,382 | $2,984 | 55% | 71% | +$554 | -$27,190 | 170.7% | $-29,324 (vs do-nothing $-24,324) |
| $73 | 15d | 31 Jul 2026 | $4.90 | 3/6 | $2,940 | $2,544 | 55% | 69% | +$353 | -$20,782 | 130.5% | $-23,633 (vs do-nothing $-18,633) |
| $73 | 8d | 24 Jul 2026 | $3.60 | 3/6 | $4,050 | $3,654 | 54% | 69% | +$663 | -$21,172 | 132.9% | $-24,023 (vs do-nothing $-19,023) |
| $72 | 22d | 7 Aug 2026 | $6.60 | 4/6 | $3,600 | $3,202 | 53% | 69% | +$517 | -$27,430 | 172.2% | $-29,564 (vs do-nothing $-24,564) |
| $72 | 15d | 31 Jul 2026 | $5.10 | 3/6 | $3,060 | $2,664 | 52% | 67% | +$186 | -$21,022 | 132.0% | $-23,873 (vs do-nothing $-18,873) |
| $72 | 8d | 24 Jul 2026 | $3.95 | 2/6 | $2,962 | $2,568 | 50% | 67% | +$338 | -$14,245 | 89.4% | $-17,812 (vs do-nothing $-12,812) |
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.