FORTRESS FIGHT: RKLB @ $67.17

BE SS: $141.55  |  CC-SS: $149.17  |  6 contracts (600 sh) |  ⌂ PORTFOLIO

GENERATED2026-07-17 03:39

RKLB @ $67.17   UNDERWATER $74.38 (52.5% below BE SS)

⚠ EARNINGS · SHORT EXPIRY ONLY
RKLB reports 2026-08-07 (Fri), in 21 days. The recommended CC (7d) closes BEFORE earnings , that one is safe , but the richer/longer options below expire after it and would sell through the gap. Keep the tenor inside 2026-08-07.

6 contracts (600 sh)  |  BE SS: $141.55  |  CC-SS: $149.17  |  IV: HIGH  |  Accounts: RetireInc:7291

LC: $115 exp 2028-01-21 (entry $75.947/sh)
SP: $135 exp 2028-01-21 (entry $49.982/sh)
HP: $45 exp 2026-09-18 (entry $0.597/sh)

Economics

Max Loss$69,930(ND $26.55 + SW $90) x 600
Normal income ref$5,979/mo95% ann ROI on ML
Hedge rolling cost$600/mo
Unrealized P&L$-50,565fortress legs from IBKR
INCOME GOALPOSTS & VELOCITY
50% INCOME FLOOR
$2,989/mo
HEDGE COVER
$600/mo
NORMAL INCOME
$5,979/mo (ATM CC, chain)
IC VELOCITY
2.7 mo to earn back $15,930
ML VELOCITY
11.7 mo to earn back $69,930
Deep drawdown confirmed: a CC at CC-SS $149.17 (probe: $150C 14d) brings only $13/mo (<20% of normal), so FIGHT below it is warranted.
🏦 CAMPAIGN LEDGER , realized CC income since 2026-07-02; banked cash shrinks the hole (shown as an info-only banked floor, the recommended CC-SS stays the pure recovery strike; seeded from open positions, reconciled from IBKR executions nightly)
Banked since 2026-07-02
$0
Hole (after banked)
$50,565
was $50,565 · 0% earned back
Cycles closed
0
Credit in flight
$738
Open legAcctCredit/shIn flightOpened
6x $101C 17 Jul 2026U18827291$1.23$7382026-07-07
TECHNICALS (cc_timing weekly gate + daily trigger)
WEEKLYPULLBACK · %B 26 (live) · RSI 43 · MACD bearish, hist falling
DAILYFALLING (provisional) · RSI 30 · %B 6 · hist falling (nightly)
LEVELS20W MA (bounce target) $90.41 (+35%) · daily UBB $109.88 · 1-wk expected move ±$9 (chain IV)
SETUPSpring loaded, not ignited: 🎯 or 💎 at short DTE, normal tripwires. (advisory; floors and picks are chain-only)
⚠ Next earnings 2026-08-07: candidates whose expiry crosses it are flagged in the spectrum; EV is unreliable across earnings.
INTERPRETATION
Primary: 6 contracts at $74 / 7d. This is the safest strike (survival 79%, breach 21%) that still earns 50% of normal income ($2,989/mo); it brings $3,497/mo. The engine maximizes the odds the pullback never reaches your strike, rather than chasing the fattest near-ATM premium.
More income, less safety: the ladder tops out at 6 × $70/7d for $6,326/mo, but breach risk rises to 35% (+14pp vs the primary). The lower strike is hit by a smaller bounce.
More safety, less income: for just the hedge you can sit at 6 × $84/7d (96% survival, $694/mo).
Downside anchor: the primary mortgages $44,285 (278% of IC) ONLY on a full V-bounce all the way to SS $142, recoverable in 7.4 months of normal income. That is the rare tail; the frequent case is the strike holding. Surgical close on the 6 contracts realizes $-50,601 and cuts bleed by $600/mo.

📅 Two weekly tracks, this Friday & next Friday

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.

🏆 Grand pick: NEXT FRIDAY · 24 Jul 2026 (7d) · sell 6 × $74, 79% survival, $3,497/mo (E[net] $988/mo).
This week's Friday is inside the pin/gamma window, so only the next weekly is shown.
TrackExpirySellSurvivalIncome/moE[net]/mo
NEXT FRIDAY 🏆24 Jul 2026 · 7d6 × $7479%$3,497$988

📅 NEXT FRIDAY · 24 Jul 2026 · 7d · E[net] $988/mo 🏆 GRAND PICK

🎯 Engine pick: sell 6 × $74 (primary), 79% survival, breach 21%, $3,497/mo.
⚖️ Worth a safer step: the $77 rung (33% normal) lifts survival to 87% (breach 21% → 13%) for $1,389/mo less (40% income), and it still covers your hedge. The pick sits below the ~80% (≈1σ) comfort line; on a drawdown you are nursing back, dodging the frequent breach usually beats the extra premium. Lean: the safer $77 rung, unless you need the income to cover the hedge bleed, or you expect RKLB to stay flat-to-down near term.
RKLB  spot $67.17 · click a rung to expand its decision panel
RungSellExpiryDTEOTMSurvivalTouch oddsFIGHT edgePer cycleIncome/moΔ vs pickCap give-up
cover hedge6 × $8424 Jul7d25.1%96%9%+1pp$162$694-$2,803$38,939
Sell 6 × $84 25.1% OTM over spot $67.17 24 Jul 2026 (7d, $0.31 mid)
= $162 credit for the 7d cycle → $694/mo projected
Survival (stays ≤ $84)
96%
Breach risk
4%
POP (stays ≤ $84.31)
96%
EV / mo
+$456
📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion)
FIGHT'S EDGE
+1pp
17% whole by 9mo vs 16% doing nothing
FIRE DRILLS
~0.7/quarter
challenges to roll; realized tends lower (calibration)
BANKED RATE WHILE FIGHTING
$-110/mo
median; plan ~$-75/mo after 68% keep · $-926 banked by campaign end (selling stops once whole)
green: with FIGHT · grey: without
if it recovers, the typical trip is ~4.5 mo [2.7-6.1], measured ONLY among the 17% of futures that got whole
🛡 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)
5%
Flat exit net (mid-life)
-$1,913
Free roll-up
+$3/wk
Safest escape (by 14 Aug 2026)
$96 @ 81% POP
76% survival
Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $4.89/sh now → $3.46 mid-life (likely $2.61–$4.90)≈ $0 at expiry  |  you banked $0.27/sh, so a flat mid-life exit nets -$3.19/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 157 simulated challenges: the $84 strike is typically first touched on day 5 of 7, at $86 (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.
MoveNew strike ≈New expiryTenorEst netTotal (6 ct)POP / surv
of new CC
If rolled & exited
total P&L · cap gain @ new strike
Roll out (same strike, buy time)~$8431 Jul 202610d left+$1.05/sh+$627
cycle +$789
[+$520…+$1,157] · 96% credit
67%
surv 53%
-$39,829 NOT
cap gain +$10,736
Reliable up-and-out (highest cap still free ≥60%)~$9514 Aug 202624d left+$0.41/sh+$248
cycle +$410
[-$120…+$756] · 68% credit
80%
surv 75%
-$33,808 NOT
cap gain +$16,757
Up-and-out for even (raise the cap, free)~$8731 Jul 202610d left+$0.12/sh+$71
cycle +$233
[-$138…+$519] · 62% credit
72%
surv 62%
-$38,713 NOT
cap gain +$11,852
Max even-money escape in the band~$9614 Aug 202624d left+$0.15/sh+$90
cycle +$252
[-$312…+$590] · 59% credit
81%
surv 76%
-$33,375 NOT
cap gain +$17,190
SS $142 not reachable for even money within 45d; this is the ceiling of the free ladder
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 stress
Income coverage
Gross FIGHT income$694/mo
vs 50% target ($2,989/mo)-77%
vs normal income ($5,979/mo)12% covered
Net income (after hedge)$94/mo
Downside budget
⚠ $84 is $65 below CC-SS $149.17: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$38,939
… as % of IC ($15,930)244.4%
… as % of ML ($69,930)55.7%
Recovery months (at normal income)6.5 mo
Surgical close (6 ct)$-50,589
Tripwiresprice and time left decide together; the matrix is the playbook
The one rule: roll when the short call's remaining TIME VALUE < $0.07/sh (~25% of the $0.27 collected) or spot ≥ $84.31 (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 $109.88 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 4d left3d left≤ 2d (expiry)
Below $83.16Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$83-84.31
Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.★ Roll on strength NOW: cheap buyback, fat credits.Close or roll same day; pin risk at the strike.
Through breakeven
≥ $84.31
Act now: intrinsic compounds daily. Up-and-out or safety roll.Roll or close immediately; time value is gone.Close today, or be assigned.
If held to expiryexact, settlement = intrinsic  ·  fortress delta 0.98 (IBKR)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$84.00 (1.9σ)$162$-40,456+$10,109+$150
+2.5%$86.10 (2.2σ)$-1,098$-40,475+$10,090-$1,110
+5%$88.20 (2.4σ)$-2,358$-40,494+$10,071-$2,370
SS (= V-bounce)$141.55 (8.5σ)$-34,368$-40,974+$9,591-$33,450
V-BOUNCE STRESS (stock → CC-SS $149.17, where you are whole again, by expiry)
Starting unrealized P&L: $-50,565
+ Fortress recovery (un-capped): +$48,461
− CC assignment net of premium (6 × $84): -$38,939
Total Position P&L @ SS: $-41,043 (+$9,522 vs today)
Do-nothing baseline at SS: $-7,593 (this trade vs do-nothing: $-33,450, the opportunity cost of earning $694/mo FIGHT income now)
BB-reversion stress (→ $90.41 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$3,684, position total $-40,514 (+$10,051 vs today)
🛡 safe yield6 × $7924 Jul7d17.6%90%20%+3pp$360$1,543-$1,954$41,741
Sell 6 × $79 17.6% OTM over spot $67.17 24 Jul 2026 (7d, $0.65 mid)
= $360 credit for the 7d cycle → $1,543/mo projected
Survival (stays ≤ $79)
90%
Breach risk
10%
POP (stays ≤ $79.64)
91%
EV / mo
+$838
📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion)
FIGHT'S EDGE
+3pp
24% whole by 9mo vs 20% doing nothing
FIRE DRILLS
~1.7/quarter
challenges to roll; realized tends lower (calibration)
BANKED RATE WHILE FIGHTING
$342/mo
median; plan ~$233/mo after 68% keep · $2,555 banked by campaign end (selling stops once whole)
green: with FIGHT · grey: without
if it recovers, the typical trip is ~4.6 mo [2.7-6.9], measured ONLY among the 24% of futures that got whole
🛡 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)
14%
Flat exit net (mid-life)
-$1,591
Free roll-up
+$3/wk
Safest escape (by 14 Aug 2026)
$94 @ 85% POP
81% survival
Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $4.60/sh now → $3.25 mid-life (likely $2.89–$4.87)≈ $0 at expiry  |  you banked $0.60/sh, so a flat mid-life exit nets -$2.65/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 410 simulated challenges: the $79 strike is typically first touched on day 5 of 7, at $81 (overshoots $2.26). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
MoveNew strike ≈New expiryTenorEst netTotal (6 ct)POP / surv
of new CC
If rolled & exited
total P&L · cap gain @ new strike
Roll out (same strike, buy time)~$7931 Jul 202610d left+$1.13/sh+$679
cycle +$1,039
[+$479…+$955] · 95% credit
67%
surv 53%
-$42,534 NOT
cap gain +$8,031
Reliable up-and-out (highest cap still free ≥60%)~$9014 Aug 202624d left+$0.45/sh+$271
cycle +$631
[-$203…+$529] · 62% credit
81%
surv 75%
-$36,541 NOT
cap gain +$14,024
Up-and-out for even (raise the cap, free)~$8231 Jul 202610d left+$0.20/sh+$122
cycle +$482
[-$179…+$336] · 56% credit
73%
surv 62%
-$41,418 NOT
cap gain +$9,147
Max even-money escape in the band~$9114 Aug 202624d left+$0.20/sh+$117
cycle +$477
[-$374…+$372] · 47% credit
82%
surv 77%
-$36,105 NOT
cap gain +$14,460
SS $142 not reachable for even money within 45d; this is the ceiling of the free ladder
Safety roll (pay small debit, max POP)~$9414 Aug 202624d left-$0.22/sh-$133
cycle +$227
[-$674…+$98] · 28% credit
85%
surv 81%
-$34,582 NOT
cap gain +$15,983
budget: banked $360 debit $133 (37% used ≈ 0.4 wk of income) → whole cycle still +$227 cash · rolled 6 ct earn ≈ $2,273/mo while parked; 0 ct free to re-sell
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 stress
Income coverage
Gross FIGHT income$1,543/mo
vs 50% target ($2,989/mo)-48%
vs normal income ($5,979/mo)26% covered
Net income (after hedge)$943/mo
Downside budget
⚠ $79 is $70 below CC-SS $149.17: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$41,741
… as % of IC ($15,930)262.0%
… as % of ML ($69,930)59.7%
Recovery months (at normal income)7.0 mo
Surgical close (6 ct)$-50,592
Tripwiresprice and time left decide together; the matrix is the playbook
The one rule: roll when the short call's remaining TIME VALUE < $0.15/sh (~25% of the $0.60 collected) or spot ≥ $79.64 (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 $109.88 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 4d left3d left≤ 2d (expiry)
Below $78.21Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$78-79.64
Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.★ Roll on strength NOW: cheap buyback, fat credits.Close or roll same day; pin risk at the strike.
Through breakeven
≥ $79.64
Act now: intrinsic compounds daily. Up-and-out or safety roll.Roll or close immediately; time value is gone.Close today, or be assigned.
If held to expiryexact, settlement = intrinsic  ·  fortress delta 0.98 (IBKR)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$79.00 (1.3σ)$360$-43,213+$7,352+$348
+2.5%$80.97 (1.6σ)$-825$-43,231+$7,334-$837
+5%$82.95 (1.8σ)$-2,010$-43,249+$7,316-$2,022
SS (= V-bounce)$141.55 (8.5σ)$-37,170$-43,776+$6,789-$36,252
V-BOUNCE STRESS (stock → CC-SS $149.17, where you are whole again, by expiry)
Starting unrealized P&L: $-50,565
+ Fortress recovery (un-capped): +$48,461
− CC assignment net of premium (6 × $79): -$41,741
Total Position P&L @ SS: $-43,845 (+$6,720 vs today)
Do-nothing baseline at SS: $-7,593 (this trade vs do-nothing: $-36,252, the opportunity cost of earning $1,543/mo FIGHT income now)
BB-reversion stress (→ $90.41 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$6,486, position total $-43,316 (+$7,249 vs today)
33% normal ← lean6 × $7724 Jul7d14.6%87%28%+4pp$492$2,109-$1,389$42,809
Sell 6 × $77 14.6% OTM over spot $67.17 24 Jul 2026 (7d, $0.88 mid)
= $492 credit for the 7d cycle → $2,109/mo projected
Survival (stays ≤ $77)
87%
Breach risk
13%
POP (stays ≤ $77.88)
88%
EV / mo
+$1,014
📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion)
FIGHT'S EDGE
+4pp
22% whole by 9mo vs 18% doing nothing
FIRE DRILLS
~2.4/quarter
challenges to roll; realized tends lower (calibration)
BANKED RATE WHILE FIGHTING
$580/mo
median; plan ~$394/mo after 68% keep · $4,535 banked by campaign end (selling stops once whole)
green: with FIGHT · grey: without
if it recovers, the typical trip is ~4.4 mo [3.0-6.1], measured ONLY among the 22% of futures that got whole
🛡 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)
21%
Flat exit net (mid-life)
-$1,410
Free roll-up
+$3/wk
Safest escape (by 14 Aug 2026)
$94 @ 86% POP
84% survival
Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $4.48/sh now → $3.17 mid-life (likely $2.95–$4.91)≈ $0 at expiry  |  you banked $0.82/sh, so a flat mid-life exit nets -$2.35/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 623 simulated challenges: the $77 strike is typically first touched on day 5 of 7, at $79 (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.
MoveNew strike ≈New expiryTenorEst netTotal (6 ct)POP / surv
of new CC
If rolled & exited
total P&L · cap gain @ new strike
Roll out (same strike, buy time)~$7731 Jul 202610d left+$1.16/sh+$697
cycle +$1,189
[+$441…+$936] · 96% credit
67%
surv 53%
-$43,566 NOT
cap gain +$6,999
Reliable up-and-out (highest cap still free ≥60%)~$8714 Aug 202624d left+$0.72/sh+$429
cycle +$921
[-$67…+$641] · 71% credit
80%
surv 74%
-$38,025 NOT
cap gain +$12,540
Up-and-out for even (raise the cap, free)~$8031 Jul 202610d left+$0.23/sh+$140
cycle +$632
[-$206…+$323] · 52% credit
73%
surv 63%
-$42,451 NOT
cap gain +$8,114
Max even-money escape in the band~$9014 Aug 202624d left+$0.00/sh+$1
cycle +$493
[-$573…+$177] · 34% credit
83%
surv 79%
-$36,680 NOT
cap gain +$13,885
SS $142 not reachable for even money within 45d; this is the ceiling of the free ladder
Safety roll (pay small debit, max POP)~$9414 Aug 202624d left-$0.79/sh-$476
cycle +$16
[-$1,148…-$327] · 12% credit
86%
surv 84%
-$34,793 NOT
cap gain +$15,772
budget: banked $492 debit $476 (97% used ≈ 1.0 wk of income) → whole cycle still +$16 cash · rolled 6 ct earn ≈ $1,782/mo while parked; 0 ct free to re-sell
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 stress
Income coverage
Gross FIGHT income$2,109/mo
vs 50% target ($2,989/mo)-29%
vs normal income ($5,979/mo)35% covered
Net income (after hedge)$1,509/mo
Downside budget
⚠ $77 is $72 below CC-SS $149.17: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$42,809
… as % of IC ($15,930)268.7%
… as % of ML ($69,930)61.2%
Recovery months (at normal income)7.2 mo
Surgical close (6 ct)$-50,601
Tripwiresprice and time left decide together; the matrix is the playbook
The one rule: roll when the short call's remaining TIME VALUE < $0.20/sh (~25% of the $0.82 collected) or spot ≥ $77.88 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $77)); NOT the premium you collected. Momentum override: two daily closes above $109.88 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 4d left3d left≤ 2d (expiry)
Below $76.23Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$76-77.88
Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.★ Roll on strength NOW: cheap buyback, fat credits.Close or roll same day; pin risk at the strike.
Through breakeven
≥ $77.88
Act now: intrinsic compounds daily. Up-and-out or safety roll.Roll or close immediately; time value is gone.Close today, or be assigned.
If held to expiryexact, settlement = intrinsic  ·  fortress delta 0.98 (IBKR)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$77.00 (1.1σ)$492$-44,263+$6,302+$480
+2.5%$78.92 (1.3σ)$-663$-44,281+$6,284-$675
+5%$80.85 (1.6σ)$-1,818$-44,298+$6,267-$1,830
SS (= V-bounce)$141.55 (8.5σ)$-38,238$-44,844+$5,721-$37,320
V-BOUNCE STRESS (stock → CC-SS $149.17, where you are whole again, by expiry)
Starting unrealized P&L: $-50,565
+ Fortress recovery (un-capped): +$48,461
− CC assignment net of premium (6 × $77): -$42,809
Total Position P&L @ SS: $-44,913 (+$5,652 vs today)
Do-nothing baseline at SS: $-7,593 (this trade vs do-nothing: $-37,320, the opportunity cost of earning $2,109/mo FIGHT income now)
BB-reversion stress (→ $90.41 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$7,554, position total $-44,384 (+$6,181 vs today)
🎯 50% normal6 × $7424 Jul7d10.2%79%32%+9pp$816$3,497$44,285
Sell 6 × $74 10.2% OTM over spot $67.17 24 Jul 2026 (7d, $1.42 mid)
= $816 credit for the 7d cycle → $3,497/mo projected
Survival (stays ≤ $74)
79%
Breach risk
21%
POP (stays ≤ $75.42)
83%
EV / mo
+$1,408
📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion)
FIGHT'S EDGE
+9pp
25% whole by 9mo vs 16% doing nothing
FIRE DRILLS
~4.0/quarter
challenges to roll; realized tends lower (calibration)
BANKED RATE WHILE FIGHTING
$984/mo
median; plan ~$669/mo after 68% keep · $8,014 banked by campaign end (selling stops once whole)
green: with FIGHT · grey: without
if it recovers, the typical trip is ~4.9 mo [3.1-6.3], measured ONLY among the 25% of futures that got whole
🛡 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)
-$1,012
Free roll-up
+$3/wk
Safest escape (by 14 Aug 2026)
$95 @ 88% POP
87% survival
Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $4.31/sh now → $3.05 mid-life (likely $3.24–$5.05)≈ $0 at expiry  |  you banked $1.36/sh, so a flat mid-life exit nets -$1.69/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 961 simulated challenges: the $74 strike is typically first touched on day 4 of 7, at $76 (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.
MoveNew strike ≈New expiryTenorEst netTotal (6 ct)POP / surv
of new CC
If rolled & exited
total P&L · cap gain @ new strike
Roll out (same strike, buy time)~$7431 Jul 202610d left+$1.20/sh+$720
cycle +$1,536
[+$385…+$848] · 95% credit
67%
surv 53%
-$44,992 NOT
cap gain +$5,573
Reliable up-and-out (highest cap still free ≥60%)~$8414 Aug 202624d left+$0.72/sh+$430
cycle +$1,246
[-$149…+$461] · 62% credit
80%
surv 74%
-$39,473 NOT
cap gain +$11,092
Up-and-out for even (raise the cap, free)~$7731 Jul 202610d left+$0.27/sh+$162
cycle +$978
[-$248…+$199] · 43% credit
73%
surv 63%
-$43,877 NOT
cap gain +$6,688
Max even-money escape in the band~$8714 Aug 202624d left+$0.01/sh+$7
cycle +$823
[-$659…+$3] · 25% credit
83%
surv 79%
-$38,123 NOT
cap gain +$12,442
SS $142 not reachable for even money within 45d; this is the ceiling of the free ladder
Safety roll (pay small debit, max POP)~$9514 Aug 202624d left-$1.30/sh-$780
cycle +$36
[-$1,664…-$847] · 2% credit
88%
surv 87%
-$34,182 NOT
cap gain +$16,383
budget: banked $816 debit $780 (96% used ≈ 1.0 wk of income) → whole cycle still +$36 cash · rolled 6 ct earn ≈ $1,310/mo while parked; 0 ct free to re-sell
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 stress
Income coverage
Gross FIGHT income$3,497/mo
vs 50% target ($2,989/mo)+17%
vs normal income ($5,979/mo)58% covered
Net income (after hedge)$2,897/mo
Downside budget
⚠ $74 is $75 below CC-SS $149.17: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$44,285
… as % of IC ($15,930)278.0%
… as % of ML ($69,930)63.3%
Recovery months (at normal income)7.4 mo
Surgical close (6 ct)$-50,601
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 $1.36 collected) or spot ≥ $75.42 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $74)); NOT the premium you collected. Momentum override: two daily closes above $109.88 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 4d left3d left≤ 2d (expiry)
Below $73.26Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$73-75.42
Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.★ Roll on strength NOW: cheap buyback, fat credits.Close or roll same day; pin risk at the strike.
Through breakeven
≥ $75.42
Act now: intrinsic compounds daily. Up-and-out or safety roll.Roll or close immediately; time value is gone.Close today, or be assigned.
If held to expiryexact, settlement = intrinsic  ·  fortress delta 0.98 (IBKR)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$74.00 (≤1σ, normal week)$816$-45,712+$4,853+$804
+2.5%$75.85 (≤1σ, normal week)$-294$-45,729+$4,836-$306
+5%$77.70 (1.2σ)$-1,404$-45,746+$4,819-$1,416
SS (= V-bounce)$141.55 (8.5σ)$-39,714$-46,320+$4,245-$38,796
V-BOUNCE STRESS (stock → CC-SS $149.17, where you are whole again, by expiry)
Starting unrealized P&L: $-50,565
+ Fortress recovery (un-capped): +$48,461
− CC assignment net of premium (6 × $74): -$44,285
Total Position P&L @ SS: $-46,389 (+$4,176 vs today)
Do-nothing baseline at SS: $-7,593 (this trade vs do-nothing: $-38,796, the opportunity cost of earning $3,497/mo FIGHT income now)
BB-reversion stress (→ $90.41 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$9,030, position total $-45,860 (+$4,705 vs today)
100% normal6 × $7024 Jul7d4.2%65%73%+6pp$1,476$6,326+$2,829$46,025
Sell 6 × $70 4.2% OTM over spot $67.17 24 Jul 2026 (7d, $2.53 mid)
= $1,476 credit for the 7d cycle → $6,326/mo projected
Survival (stays ≤ $70)
65%
Breach risk
35%
POP (stays ≤ $72.53)
74%
EV / mo
+$1,686
📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion)
FIGHT'S EDGE
+6pp
23% whole by 9mo vs 17% doing nothing
FIRE DRILLS
~8.4/quarter
challenges to roll; realized tends lower (calibration)
BANKED RATE WHILE FIGHTING
$1,479/mo
median; plan ~$1,005/mo after 68% keep · $12,035 banked by campaign end (selling stops once whole)
green: with FIGHT · grey: without
if it recovers, the typical trip is ~4.9 mo [3.7-6.7], measured ONLY among the 23% of futures that got whole
🛡 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)
57%
Flat exit net (mid-life)
-$253
Free roll-up
+$3/wk
Safest escape (by 14 Aug 2026)
$93 @ 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 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic
Buyback gross: $4.07/sh now → $2.88 mid-life (likely $3.67–$5.38)≈ $0 at expiry  |  you banked $2.46/sh, so a flat mid-life exit nets -$0.42/sh  |  roll rows are incremental, the banked premium stays yours
📊 Across 1,708 simulated challenges: the $70 strike is typically first touched on day 3 of 7, at $72 (overshoots $2.14). 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.
MoveNew strike ≈New expiryTenorEst netTotal (6 ct)POP / surv
of new CC
If rolled & exited
total P&L · cap gain @ new strike
Roll out (same strike, buy time)~$7031 Jul 202610d left+$1.24/sh+$745
cycle +$2,221
[+$317…+$625] · 95% credit
67%
surv 53%
-$46,671 NOT
cap gain +$3,894
Reliable up-and-out (highest cap still free ≥60%)~$7914 Aug 202624d left+$1.00/sh+$598
cycle +$2,074
[-$119…+$364] · 65% credit
79%
surv 73%
-$41,600 NOT
cap gain +$8,965
Up-and-out for even (raise the cap, free)~$7331 Jul 202610d left+$0.31/sh+$186
cycle +$1,662
[-$344…+$11] · 27% credit
73%
surv 63%
-$45,558 NOT
cap gain +$5,007
Max even-money escape in the band~$8314 Aug 202624d left+$0.01/sh+$8
cycle +$1,484
[-$843…-$268] · 13% credit
83%
surv 80%
-$39,826 NOT
cap gain +$10,739
SS $142 not reachable for even money within 45d; this is the ceiling of the free ladder
Safety roll (pay small debit, max POP)~$9314 Aug 202624d left-$1.41/sh-$848
cycle +$628
[-$1,968…-$1,205] · 0% credit
90%
surv 89%
-$34,772 NOT
cap gain +$15,793
budget: banked $1,476 debit $848 (57% used ≈ 0.6 wk of income) → whole cycle still +$628 cash · rolled 6 ct earn ≈ $1,101/mo while parked; 0 ct free to re-sell
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 stress
Income coverage
Gross FIGHT income$6,326/mo
vs 50% target ($2,989/mo)+112%
vs normal income ($5,979/mo)106% covered
Net income (after hedge)$5,726/mo
Downside budget
⚠ $70 is $79 below CC-SS $149.17: assignment on a recovery to whole locks the cap give-up below.
Cap give-up @ CC-SS (V-bounce)-$46,025
… as % of IC ($15,930)288.9%
… as % of ML ($69,930)65.8%
Recovery months (at normal income)7.7 mo
Surgical close (6 ct)$-50,607
Tripwiresprice and time left decide together; the matrix is the playbook
The one rule: roll when the short call's remaining TIME VALUE < $0.61/sh (~25% of the $2.46 collected) or spot ≥ $72.53 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $70)); NOT the premium you collected. Momentum override: two daily closes above $109.88 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
Spot \ Time≥ 4d left3d left≤ 2d (expiry)
Below $69.30Do nothing. Theta wins.Do nothing.Penny buyback at the close; re-sell next cycle.
Pressing the strike
$69-72.53
Hold, alert at breakeven. Rolling into a spike pays top dollar; let theta bleed the buyback first.★ Roll on strength NOW: cheap buyback, fat credits.Close or roll same day; pin risk at the strike.
Through breakeven
≥ $72.53
Act now: intrinsic compounds daily. Up-and-out or safety roll.Roll or close immediately; time value is gone.Close today, or be assigned.
If held to expiryexact, settlement = intrinsic  ·  fortress delta 0.98 (IBKR)
ScenarioSpotCC leg netPosition totalvs todayvs do-nothing
at strike$70.00 (≤1σ, normal week)$1,476$-47,416+$3,149+$1,464
+2.5%$71.75 (≤1σ, normal week)$426$-47,432+$3,133+$414
+5%$73.50 (≤1σ, normal week)$-624$-47,448+$3,117-$636
SS (= V-bounce)$141.55 (8.5σ)$-41,454$-48,060+$2,505-$40,536
V-BOUNCE STRESS (stock → CC-SS $149.17, where you are whole again, by expiry)
Starting unrealized P&L: $-50,565
+ Fortress recovery (un-capped): +$48,461
− CC assignment net of premium (6 × $70): -$46,025
Total Position P&L @ SS: $-48,129 (+$2,436 vs today)
Do-nothing baseline at SS: $-7,593 (this trade vs do-nothing: $-40,536, the opportunity cost of earning $6,326/mo FIGHT income now)
BB-reversion stress (→ $90.41 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$10,770, position total $-47,600 (+$2,965 vs today)
A nudge, not a rule: the engine maximizes income at acceptable safety; this weighs the income you would give up against the breach risk you would shed. Your hedge bleed and your read on RKLB are the tiebreakers.
⚔ FIGHT CC options · full candidate scan (27 clear the floor), click to expand

Every eligible strike x expiry in the 4-45 DTE band (4 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: 0.985 (IBKR)  |  Recovery@SS: +$48,461 (un-capped fortress gain if stock rallies to SS)  |  Do-nothing @ SS: $-7,593

StrikeDTEExpiryBidSellIncome/moNet/moSurvivalPOP (mid)EV/moCap Give-up @ CC-SS%ICTotal P&L @ SS
$747d24 Jul 2026$1.366/6$3,497$2,89779%83%+$1,408-$44,285278.0%$-46,389 (vs do-nothing $-38,796)
$737d24 Jul 2026$1.565/6$3,343$2,74776%81%+$1,199-$37,304234.2%$-40,323 (vs do-nothing $-32,730)
$7414d31 Jul 2026$2.476/6$3,176$2,57673%79%+$847-$43,619273.8%$-45,723 (vs do-nothing $-38,130)
$727d24 Jul 2026$1.824/6$3,120$2,52973%79%+$1,019-$30,139189.2%$-34,073 (vs do-nothing $-26,480)
$7521d7 Aug 2026$3.606/6$3,086$2,48672%78%+$725-$42,341265.8%$-44,445 (vs do-nothing $-36,852)
$7314d31 Jul 2026$2.766/6$3,549$2,94971%77%+$890-$44,045276.5%$-46,149 (vs do-nothing $-38,556)
$7421d7 Aug 2026$3.906/6$3,343$2,74370%77%+$749-$42,761268.4%$-44,865 (vs do-nothing $-37,272)
$7428d14 Aug 2026$4.756/6$3,054$2,45469%77%+$867-$42,251265.2%$-44,355 (vs do-nothing $-36,762)
$717d24 Jul 2026$2.124/6$3,634$3,04369%77%+$1,039-$30,419191.0%$-34,353 (vs do-nothing $-26,760)
$7214d31 Jul 2026$3.005/6$3,214$2,61968%76%+$693-$37,084232.8%$-40,103 (vs do-nothing $-32,510)
$7321d7 Aug 2026$4.156/6$3,557$2,95768%76%+$710-$43,211271.3%$-45,315 (vs do-nothing $-37,722)
$7328d14 Aug 2026$5.106/6$3,279$2,67967%77%+$898-$42,641267.7%$-44,745 (vs do-nothing $-37,152)
$7221d7 Aug 2026$4.455/6$3,179$2,58366%75%+$579-$36,359228.2%$-39,378 (vs do-nothing $-31,785)
Show 14 more candidates (lower strikes: more income, lower survival)
StrikeDTEExpiryBidSellIncome/moNet/moSurvivalPOP (mid)EV/moCap Give-up @ CC-SS%ICTotal P&L @ SS
$7228d14 Aug 2026$5.456/6$3,504$2,90465%76%+$914-$43,031270.1%$-45,135 (vs do-nothing $-37,542)
$7114d31 Jul 2026$3.355/6$3,589$2,99465%74%+$728-$37,409234.8%$-40,428 (vs do-nothing $-32,835)
$707d24 Jul 2026$2.463/6$3,163$2,57665%74%+$843-$23,012144.5%$-27,861 (vs do-nothing $-20,268)
$7121d7 Aug 2026$4.955/6$3,536$2,94064%74%+$690-$36,609229.8%$-39,628 (vs do-nothing $-32,035)
$7128d14 Aug 2026$5.805/6$3,107$2,51163%75%+$763-$36,184227.1%$-39,203 (vs do-nothing $-31,610)
$7014d31 Jul 2026$3.754/6$3,214$2,62362%73%+$622-$30,167189.4%$-34,101 (vs do-nothing $-26,508)
$7021d7 Aug 2026$5.304/6$3,029$2,43761%73%+$541-$29,547185.5%$-33,481 (vs do-nothing $-25,888)
$7028d14 Aug 2026$5.855/6$3,134$2,53861%73%+$591-$36,659230.1%$-39,678 (vs do-nothing $-32,085)
$697d24 Jul 2026$2.803/6$3,600$3,01361%72%+$815-$23,210145.7%$-28,059 (vs do-nothing $-20,466)
$6914d31 Jul 2026$4.154/6$3,557$2,96659%71%+$633-$30,407190.9%$-34,341 (vs do-nothing $-26,748)
$687d24 Jul 2026$3.303/6$4,243$3,65656%70%+$925-$23,360146.6%$-28,209 (vs do-nothing $-20,616)
$6814d31 Jul 2026$4.653/6$2,989$2,40256%70%+$531-$22,955144.1%$-27,804 (vs do-nothing $-20,211)
$677d24 Jul 2026$3.702/6$3,171$2,58952%68%+$557-$15,69498.5%$-21,457 (vs do-nothing $-13,864)
$667d24 Jul 2026$4.202/6$3,600$3,01747%66%+$536-$15,79499.1%$-21,557 (vs do-nothing $-13,964)

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.

fortress_fight.py v6.1  |  2026-07-17 03:39