6 contracts (600 sh) | BE SS: $141.55 | CC-SS: $148.63 | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $69,930 | (ND $26.55 + SW $90) x 600 |
| Normal income ref | $5,593/mo | 95% ann ROI on ML |
| Hedge rolling cost | $657/mo | |
| Unrealized P&L | $-50,733 | 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 · 7d | 6 × $73 | 79% | $2,880 | $443 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | FIGHT edge | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | cover hedge | 5 × $80 | 24 Jul | 7d | 20.8% | 93% | 14% | +2pp | $165 | $707 | -$2,173 | $34,150 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $80 20.8% OTM over spot $66.25 24 Jul 2026 (7d, $0.38 mid) = $165 credit for the 7d cycle → $707/mo projected Survival (stays ≤ $80) 93% Breach risk 7% POP (stays ≤ $80.38) 94% EV / mo +$366 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +2pp 20% whole by 9mo vs 18% doing nothing FIRE DRILLS ~1.2/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $-166/mo median; plan ~$-113/mo after 68% keep · $-1,296 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~4.5 mo [3.2-6.3], measured ONLY among the 20% 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) 10% Flat exit net (mid-life) -$1,384 Free roll-up +$3/wk Safest escape (by 14 Aug 2026) $93 @ 81% POP 77% survival Roll menuyour doors if the call gets challenged; each row = buy back the 5 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.38/sh now → $3.10 mid-life (likely $2.54–$4.88) → ≈ $0 at expiry | you banked $0.33/sh, so a flat mid-life exit nets -$2.77/sh | roll rows are incremental, the banked premium stays yours 📊 Across 295 simulated challenges: the $80 strike is typically first touched on day 5 of 7, at $82 (overshoots $2.46). 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 $69 below CC-SS $148.63: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.08/sh (~25% of the $0.33 collected) or spot ≥ $80.38 (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 $107.72 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.98 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.63, where you are whole again, by expiry) Starting unrealized P&L: $-50,733 + Fortress recovery (un-capped): +$48,538 − CC assignment net of premium (5 × $80): -$34,150 − Conservative CC assignment net of premium (1 × $140): -$862 Total Position P&L @ SS: $-37,207 (+$13,526 vs today) Do-nothing baseline at SS: $-7,367 (this trade vs do-nothing: $-29,840, the opportunity cost of earning $707/mo FIGHT income now) BB-reversion stress (→ $90.35 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$5,010, position total $-41,542 (+$9,191 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🛡 safe yield | 6 × $79 | 24 Jul | 7d | 19.2% | 92% | 17% | +3pp | $240 | $1,029 | -$1,851 | $41,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $79 19.2% OTM over spot $66.25 24 Jul 2026 (7d, $0.48 mid) = $240 credit for the 7d cycle → $1,029/mo projected Survival (stays ≤ $79) 92% Breach risk 8% POP (stays ≤ $79.48) 93% EV / mo +$498 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +3pp 20% whole by 9mo vs 16% doing nothing FIRE DRILLS ~1.4/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $12/mo median; plan ~$8/mo after 68% keep · $106 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~4.8 mo [2.9-6.5], measured ONLY among the 20% 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) 12% Flat exit net (mid-life) -$1,595 Free roll-up +$3/wk Safest escape (by 14 Aug 2026) $92 @ 81% POP 77% survival Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.32/sh now → $3.06 mid-life (likely $2.71–$4.49) → ≈ $0 at expiry | you banked $0.40/sh, so a flat mid-life exit nets -$2.66/sh | roll rows are incremental, the banked premium stays yours 📊 Across 358 simulated challenges: the $79 strike is typically first touched on day 5 of 7, at $81 (overshoots $2.29). 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 $70 below CC-SS $148.63: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.10/sh (~25% of the $0.40 collected) or spot ≥ $79.48 (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 $107.72 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.98 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.63, where you are whole again, by expiry) Starting unrealized P&L: $-50,733 + Fortress recovery (un-capped): +$48,538 − CC assignment net of premium (6 × $79): -$41,538 Total Position P&L @ SS: $-43,733 (+$7,000 vs today) Do-nothing baseline at SS: $-7,367 (this trade vs do-nothing: $-36,366, the opportunity cost of earning $1,029/mo FIGHT income now) BB-reversion stress (→ $90.35 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$6,570, position total $-43,103 (+$7,630 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 6 × $75 | 24 Jul | 7d | 13.2% | 84% | 33% | +3pp | $486 | $2,083 | -$797 | $43,692 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $75 13.2% OTM over spot $66.25 24 Jul 2026 (7d, $0.88 mid) = $486 credit for the 7d cycle → $2,083/mo projected Survival (stays ≤ $75) 84% Breach risk 16% POP (stays ≤ $75.88) 86% EV / mo +$619 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +3pp 20% whole by 9mo vs 17% doing nothing FIRE DRILLS ~2.9/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $436/mo median; plan ~$296/mo after 68% keep · $3,353 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~4.4 mo [3.0-6.4], measured ONLY among the 20% 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) 24% Flat exit net (mid-life) -$1,256 Free roll-up +$3/wk Safest escape (by 14 Aug 2026) $91 @ 84% 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: $4.11/sh now → $2.90 mid-life (likely $3.02–$4.95) → ≈ $0 at expiry | you banked $0.81/sh, so a flat mid-life exit nets -$2.09/sh | roll rows are incremental, the banked premium stays yours 📊 Across 711 simulated challenges: the $75 strike is typically first touched on day 4 of 7, at $77 (overshoots $2.46). 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 $74 below CC-SS $148.63: assignment on a recovery to whole locks the cap give-up below.
Tripwiresprice and time left decide together; the matrix is the playbook The one rule: roll when the short call's remaining TIME VALUE < $0.20/sh (~25% of the $0.81 collected) or spot ≥ $75.88 (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 $107.72 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.98 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.63, where you are whole again, by expiry) Starting unrealized P&L: $-50,733 + Fortress recovery (un-capped): +$48,538 − CC assignment net of premium (6 × $75): -$43,692 Total Position P&L @ SS: $-45,887 (+$4,846 vs today) Do-nothing baseline at SS: $-7,367 (this trade vs do-nothing: $-38,520, the opportunity cost of earning $2,083/mo FIGHT income now) BB-reversion stress (→ $90.35 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$8,724, position total $-45,257 (+$5,476 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 6 × $73 | 24 Jul | 7d | 10.2% | 79% | 34% | +5pp | $672 | $2,880 | — | $44,706 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $73 10.2% OTM over spot $66.25 24 Jul 2026 (7d, $1.23 mid) = $672 credit for the 7d cycle → $2,880/mo projected Survival (stays ≤ $73) 79% Breach risk 21% POP (stays ≤ $74.22) 82% EV / mo +$689 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +5pp 18% whole by 9mo vs 13% doing nothing FIRE DRILLS ~4.1/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $600/mo median; plan ~$408/mo after 68% keep · $4,822 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~4.5 mo [3.2-6.2], measured ONLY among the 18% 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) 34% Flat exit net (mid-life) -$1,024 Free roll-up +$3/wk Safest escape (by 14 Aug 2026) $90 @ 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 3 of 7); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.00/sh now → $2.83 mid-life (likely $3.00–$4.79) → ≈ $0 at expiry | you banked $1.12/sh, so a flat mid-life exit nets -$1.71/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,006 simulated challenges: the $73 strike is typically first touched on day 4 of 7, at $75 (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 ⚠ $73 is $76 below CC-SS $148.63: 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 < $0.28/sh (~25% of the $1.12 collected) or spot ≥ $74.22 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $73)); NOT the premium you collected. Momentum override: two daily closes above $107.72 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.98 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.63, where you are whole again, by expiry) Starting unrealized P&L: $-50,733 + Fortress recovery (un-capped): +$48,538 − CC assignment net of premium (6 × $73): -$44,706 Total Position P&L @ SS: $-46,901 (+$3,832 vs today) Do-nothing baseline at SS: $-7,367 (this trade vs do-nothing: $-39,534, the opportunity cost of earning $2,880/mo FIGHT income now) BB-reversion stress (→ $90.35 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$9,738, position total $-46,271 (+$4,462 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 6 × $69 | 24 Jul | 7d | 4.2% | 65% | 74% | +8pp | $1,344 | $5,760 | +$2,880 | $46,434 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $69 4.2% OTM over spot $66.25 24 Jul 2026 (7d, $2.34 mid) = $1,344 credit for the 7d cycle → $5,760/mo projected Survival (stays ≤ $69) 65% Breach risk 35% POP (stays ≤ $71.34) 73% EV / mo +$1,013 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +8pp 27% whole by 9mo vs 19% doing nothing FIRE DRILLS ~8.5/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $1,250/mo median; plan ~$850/mo after 68% keep · $9,932 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~4.6 mo [3.3-6.5], measured ONLY among the 27% 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) -$259 Free roll-up +$3/wk Safest escape (by 14 Aug 2026) $98 @ 93% POP 93% 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: $3.78/sh now → $2.67 mid-life (likely $3.39–$4.86) → ≈ $0 at expiry | you banked $2.24/sh, so a flat mid-life exit nets -$0.43/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,710 simulated challenges: the $69 strike is typically first touched on day 3 of 7, at $71 (overshoots $2.03). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $69 is $80 below CC-SS $148.63: 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 < $0.56/sh (~25% of the $2.24 collected) or spot ≥ $71.34 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $69)); NOT the premium you collected. Momentum override: two daily closes above $107.72 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.98 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $148.63, where you are whole again, by expiry) Starting unrealized P&L: $-50,733 + Fortress recovery (un-capped): +$48,538 − CC assignment net of premium (6 × $69): -$46,434 Total Position P&L @ SS: $-48,629 (+$2,104 vs today) Do-nothing baseline at SS: $-7,367 (this trade vs do-nothing: $-41,262, the opportunity cost of earning $5,760/mo FIGHT income now) BB-reversion stress (→ $90.35 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$11,466, position total $-47,999 (+$2,734 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (4 expiries scanned, 23 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: 0.982 (IBKR) | Recovery@SS: +$48,538 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-7,367
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $73 | 7d | 24 Jul 2026 | $1.12 | 6/6 | $2,880 | $2,223 | 79% | 82% | +$689 | -$44,706 | 280.6% | $-46,901 (vs do-nothing $-39,534) |
| $72 | 7d | 24 Jul 2026 | $1.36 | 5/6 | $2,914 | $2,259 | 76% | 80% | +$687 | -$37,635 | 236.3% | $-40,692 (vs do-nothing $-33,325) |
| $73 | 14d | 31 Jul 2026 | $2.26 | 6/6 | $2,906 | $2,249 | 73% | 78% | +$543 | -$44,022 | 276.3% | $-46,217 (vs do-nothing $-38,850) |
| $71 | 7d | 24 Jul 2026 | $1.61 | 5/6 | $3,450 | $2,795 | 72% | 78% | +$740 | -$38,010 | 238.6% | $-41,067 (vs do-nothing $-33,700) |
| $70 | 7d | 24 Jul 2026 | $1.90 | 4/6 | $3,257 | $2,604 | 69% | 76% | +$631 | -$30,692 | 192.7% | $-34,611 (vs do-nothing $-27,244) |
| $72 | 21d | 7 Aug 2026 | $3.90 | 6/6 | $3,343 | $2,686 | 68% | 77% | +$792 | -$43,638 | 273.9% | $-45,833 (vs do-nothing $-38,466) |
| $71 | 14d | 31 Jul 2026 | $2.82 | 5/6 | $3,021 | $2,366 | 68% | 77% | +$465 | -$37,405 | 234.8% | $-40,462 (vs do-nothing $-33,095) |
| $71 | 21d | 7 Aug 2026 | $4.15 | 5/6 | $2,964 | $2,309 | 66% | 76% | +$615 | -$36,740 | 230.6% | $-39,797 (vs do-nothing $-32,430) |
| $70 | 14d | 31 Jul 2026 | $3.05 | 5/6 | $3,268 | $2,613 | 65% | 74% | +$370 | -$37,790 | 237.2% | $-40,847 (vs do-nothing $-33,480) |
| $69 | 7d | 24 Jul 2026 | $2.24 | 3/6 | $2,880 | $2,229 | 65% | 73% | +$506 | -$23,217 | 145.7% | $-27,998 (vs do-nothing $-20,631) |
| $70 | 21d | 7 Aug 2026 | $4.65 | 5/6 | $3,321 | $2,666 | 64% | 74% | +$730 | -$36,990 | 232.2% | $-40,047 (vs do-nothing $-32,680) |
| $70 | 28d | 14 Aug 2026 | $5.35 | 5/6 | $2,866 | $2,211 | 63% | 74% | +$501 | -$36,640 | 230.0% | $-39,697 (vs do-nothing $-32,330) |
| $69 | 14d | 31 Jul 2026 | $3.35 | 4/6 | $2,871 | $2,219 | 62% | 72% | +$251 | -$30,512 | 191.5% | $-34,431 (vs do-nothing $-27,064) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $68 | 7d | 24 Jul 2026 | $2.59 | 3/6 | $3,330 | $2,679 | 60% | 71% | +$486 | -$23,412 | 147.0% | $-28,193 (vs do-nothing $-20,826) |
| $68 | 14d | 31 Jul 2026 | $3.80 | 4/6 | $3,257 | $2,604 | 59% | 71% | +$306 | -$30,732 | 192.9% | $-34,651 (vs do-nothing $-27,284) |
| $67 | 14d | 31 Jul 2026 | $4.15 | 4/6 | $3,557 | $2,904 | 56% | 69% | +$244 | -$30,992 | 194.6% | $-34,911 (vs do-nothing $-27,544) |
| $67 | 7d | 24 Jul 2026 | $3.00 | 3/6 | $3,857 | $3,206 | 56% | 69% | +$473 | -$23,589 | 148.1% | $-28,370 (vs do-nothing $-21,003) |
| $66 | 14d | 31 Jul 2026 | $4.60 | 3/6 | $2,957 | $2,306 | 53% | 68% | +$178 | -$23,409 | 146.9% | $-28,190 (vs do-nothing $-20,823) |
| $65 | 28d | 14 Aug 2026 | $7.40 | 4/6 | $3,171 | $2,519 | 52% | 69% | +$372 | -$30,492 | 191.4% | $-34,411 (vs do-nothing $-27,044) |
| $66 | 7d | 24 Jul 2026 | $3.35 | 2/6 | $2,871 | $2,223 | 52% | 67% | +$206 | -$15,856 | 99.5% | $-21,499 (vs do-nothing $-14,132) |
| $65 | 21d | 7 Aug 2026 | $6.70 | 3/6 | $2,871 | $2,221 | 51% | 68% | +$408 | -$23,079 | 144.9% | $-27,860 (vs do-nothing $-20,493) |
| $65 | 14d | 31 Jul 2026 | $5.10 | 3/6 | $3,279 | $2,628 | 50% | 66% | +$180 | -$23,559 | 147.9% | $-28,340 (vs do-nothing $-20,973) |
| $65 | 7d | 24 Jul 2026 | $3.85 | 2/6 | $3,300 | $2,651 | 47% | 65% | +$176 | -$15,956 | 100.2% | $-21,599 (vs do-nothing $-14,232) |
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.