6 contracts (600 sh) | BE SS: $141.55 | CC-SS: $153.52 (banked floor $152.11) | IV: HIGH | Accounts: RetireInc:7291
| Max Loss | $69,930 | (ND $26.55 + SW $90) x 600 |
| Normal income ref | $5,580/mo | 95% ann ROI on ML |
| Hedge rolling cost | $1,051/mo | |
| Unrealized P&L | $-55,224 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 6x $72C 31 Jul 2026 | U18827291 | $0.75 | $451 | 2026-07-28 |
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 🏆 | 7 Aug 2026 · 8d | 6 × $66.50 | 75% | $2,948 | $849 |
| 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 × $72 | 7 Aug | 8d | 19.5% | 87%hist 99% | 27%hist 13% | +2pp | $285 | $1,069 | -$1,879 | $40,473 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $72 19.5% OTM over spot $60.25 7 Aug 2026 (8d, $0.59 mid) = $285 credit for the 8d cycle → $1,069/mo projected Survival (stays ≤ $72) 87% Breach risk 13% POP (stays ≤ $72.59) 88% EV / mo +$133 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +2pp 19% whole by 9mo vs 17% doing nothing FIRE DRILLS ~2.1/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $-441/mo median; plan ~$-300/mo after 68% keep · $-3,824 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~4.0 mo [2.9-6.1], measured ONLY among the 19% 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) 17% Flat exit net (mid-life) -$1,190 Free roll-up +$5/wk Safest escape (by 21 Aug 2026) $82 @ 78% POP 74% 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 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.17/sh now → $2.95 mid-life (likely $2.73–$4.51) → ≈ $0 at expiry | you banked $0.57/sh, so a flat mid-life exit nets -$2.38/sh | roll rows are incremental, the banked premium stays yours 📊 Across 516 simulated challenges: the $72 strike is typically first touched on day 5 of 8, at $74 (overshoots $2.35). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $72 is $82 below CC-SS $153.52: 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 < $0.14/sh (~25% of the $0.57 collected) or spot ≥ $72.59 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $72)); NOT the premium you collected. Momentum override: two daily closes above $95.34 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $153.52, where you are whole again, by expiry) Starting unrealized P&L: $-55,224 + Fortress recovery (un-capped): +$50,363 − CC assignment net of premium (5 × $72): -$40,473 − Conservative CC assignment net of premium (1 × $118): -$3,547 Total Position P&L @ SS: $-48,880 (+$6,344 vs today) Do-nothing baseline at SS: $-26,140 (this trade vs do-nothing: $-22,740, the opportunity cost of earning $1,069/mo FIGHT income now) BB-reversion stress (→ $89.63 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$8,530, position total $-47,884 (+$7,340 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 6 × $69 | 7 Aug | 8d | 14.5% | 81%hist 99% | 40%hist 18% | +5pp | $558 | $2,092 | -$855 | $50,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $69 14.5% OTM over spot $60.25 7 Aug 2026 (8d, $0.97 mid) = $558 credit for the 8d cycle → $2,092/mo projected Survival (stays ≤ $69) 81% Breach risk 19% POP (stays ≤ $69.97) 83% EV / mo +$130 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +5pp 16% whole by 9mo vs 11% doing nothing FIRE DRILLS ~3.3/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $-143/mo median; plan ~$-97/mo after 68% keep · $-1,054 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~4.7 mo [3.5-6.3], measured ONLY among the 16% 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) 25% Flat exit net (mid-life) -$1,139 Free roll-up +$5/wk Safest escape (by 21 Aug 2026) $81 @ 81% POP 79% survival Roll menuyour doors if the call gets challenged; each row = buy back the 6 calls + sell the new ones, one order. Prices assume the central case (day 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $4.00/sh now → $2.83 mid-life (likely $2.81–$4.44) → ≈ $0 at expiry | you banked $0.93/sh, so a flat mid-life exit nets -$1.90/sh | roll rows are incremental, the banked premium stays yours 📊 Across 755 simulated challenges: the $69 strike is typically first touched on day 5 of 8, at $71 (overshoots $2.27). 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 $85 below CC-SS $153.52: 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 < $0.23/sh (~25% of the $0.93 collected) or spot ≥ $69.97 (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 $95.34 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $153.52, where you are whole again, by expiry) Starting unrealized P&L: $-55,224 + Fortress recovery (un-capped): +$50,363 − CC assignment net of premium (6 × $69): -$50,151 Total Position P&L @ SS: $-55,012 (+$212 vs today) Do-nothing baseline at SS: $-26,140 (this trade vs do-nothing: $-28,872, the opportunity cost of earning $2,092/mo FIGHT income now) BB-reversion stress (→ $89.63 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$11,820, position total $-51,179 (+$4,045 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 6 × $66.50 | 7 Aug | 8d | 10.4% | 75%hist 96% | 53%hist 43% | +3pp | $786 | $2,948 | — | $51,423 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $66.50 10.4% OTM over spot $60.25 7 Aug 2026 (8d, $1.40 mid) = $786 credit for the 8d cycle → $2,948/mo projected Survival (stays ≤ $66.50) 75% Breach risk 25% POP (stays ≤ $67.89) 78% EV / mo $-79 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +3pp 18% whole by 9mo vs 15% doing nothing FIRE DRILLS ~4.7/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $79/mo median; plan ~$54/mo after 68% keep · $554 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~3.6 mo [2.8-6.4], 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) 39% Flat exit net (mid-life) -$849 Free roll-up +$5/wk Safest escape (by 21 Aug 2026) $81 @ 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: $3.85/sh now → $2.73 mid-life (likely $3.05–$4.51) → ≈ $0 at expiry | you banked $1.31/sh, so a flat mid-life exit nets -$1.42/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,168 simulated challenges: the $66 strike is typically first touched on day 4 of 8, at $69 (overshoots $2.12). 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 ⚠ $66.50 is $87 below CC-SS $153.52: 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 < $0.33/sh (~25% of the $1.31 collected) or spot ≥ $67.89 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $66)); NOT the premium you collected. Momentum override: two daily closes above $95.34 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $153.52, where you are whole again, by expiry) Starting unrealized P&L: $-55,224 + Fortress recovery (un-capped): +$50,363 − CC assignment net of premium (6 × $66.50): -$51,423 Total Position P&L @ SS: $-56,284 ($-1,060 vs today) Do-nothing baseline at SS: $-26,140 (this trade vs do-nothing: $-30,144, the opportunity cost of earning $2,948/mo FIGHT income now) BB-reversion stress (→ $89.63 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$13,092, position total $-52,451 (+$2,773 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 6 × $61 | 7 Aug | 8d | 1.2% | 56%hist 79% | 93%hist 90% | +6pp | $1,692 | $6,345 | +$3,397 | $53,817 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 6 × $61 1.2% OTM over spot $60.25 7 Aug 2026 (8d, $3.18 mid) = $1,692 credit for the 8d cycle → $6,345/mo projected Survival (stays ≤ $61) 56% Breach risk 44% POP (stays ≤ $64.19) 68% EV / mo $-94 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +6pp 19% whole by 9mo vs 13% doing nothing FIRE DRILLS ~13.1/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $564/mo median; plan ~$383/mo after 68% keep · $4,590 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~5.1 mo [3.4-6.5], measured ONLY among the 19% 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) 74% Flat exit net (mid-life) +$192 Free roll-up +$5/wk Safest escape (by 21 Aug 2026) $81 @ 90% 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: $3.53/sh now → $2.50 mid-life (likely $3.48–$4.97) → ≈ $0 at expiry | you banked $2.82/sh, so a flat mid-life exit nets +$0.32/sh | roll rows are incremental, the banked premium stays yours 📊 Across 2,217 simulated challenges: the $61 strike is typically first touched on day 2 of 8, at $63 (overshoots $2.33). The [P25–P75] under each Total is that door's credit across those paths; % credit is the share of those challenges where the roll is a net credit.
If rolled & exited = your total from-entry P&L if you roll to that strike and then close the whole fortress with the stock pinned there (all legs repriced; SAFE = P&L ≥ 0). Cap gain is what that roll earns THIS cycle (premium + appreciation from today to the new strike); the total adds your existing MTM on top. Same from-entry basis as this tool's @cap / total-exit numbers, at the rolled strike. POP = P(stays ≤ strike + premium collected, the call is profitable); surv = P(stays ≤ strike, the call expires fully worthless). Survival is the stricter bar (no premium cushion), so it sits below POP. Method: each leg = its live quote (buyback off the ask, sells off the bid) × a Black-Scholes ratio to the challenge, using the leg's own IV shifted -0.4 vol pt per +1% move (equity skew: vol eases as spot rises; buyback shift floored at 0). Estimates, not quotes; the live roll table owns the real decision when a CC is actually threatened. More detail, income coverage, downside budget, tripwires, held-to-expiry ladder, V-bounce stressIncome coverage
Downside budget ⚠ $61 is $93 below CC-SS $153.52: 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 $2.82 collected) or spot ≥ $64.19 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $61)); NOT the premium you collected. Momentum override: two daily closes above $95.34 (daily upper band) or daily RSI > 70 → treat "pressing" as "through".
If held to expiryexact, settlement = intrinsic · fortress delta 0.90 (fallback)
V-BOUNCE STRESS (stock → CC-SS $153.52, where you are whole again, by expiry) Starting unrealized P&L: $-55,224 + Fortress recovery (un-capped): +$50,363 − CC assignment net of premium (6 × $61): -$53,817 Total Position P&L @ SS: $-58,678 ($-3,454 vs today) Do-nothing baseline at SS: $-26,140 (this trade vs do-nothing: $-32,538, the opportunity cost of earning $6,345/mo FIGHT income now) BB-reversion stress (→ $89.63 20W MA (bounce target), the probable scenario per weekly technicals): CC give-up -$15,486, position total $-54,845 (+$379 vs today) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 29 clear the income floor), each sized to the minimum contracts that clear it. Sorted by survival (safest first): the primary 🎯 is the safest; rows below trade safety for income.
Fortress delta: 0.900 (fallback) | Recovery@SS: +$50,363 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-26,140
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $66.50 | 8d | 7 Aug 2026 | $1.31 | 6/6 | $2,948 | $1,896 | 75% | 78% | $-79 | -$51,423 | 322.8% | $-56,284 (vs do-nothing $-30,144) |
| $68 | 15d | 14 Aug 2026 | $2.36 | 6/6 | $2,832 | $1,781 | 74% | 79% | +$323 | -$49,893 | 313.2% | $-54,754 (vs do-nothing $-28,614) |
| $66 | 8d | 7 Aug 2026 | $1.41 | 6/6 | $3,172 | $2,121 | 73% | 78% | $-116 | -$51,663 | 324.3% | $-56,524 (vs do-nothing $-30,384) |
| $67.50 | 15d | 14 Aug 2026 | $2.48 | 6/6 | $2,976 | $1,925 | 73% | 78% | +$321 | -$50,121 | 314.6% | $-54,982 (vs do-nothing $-28,842) |
| $67 | 15d | 14 Aug 2026 | $2.61 | 6/6 | $3,132 | $2,081 | 72% | 77% | +$323 | -$50,343 | 316.0% | $-55,204 (vs do-nothing $-29,064) |
| $66.50 | 15d | 14 Aug 2026 | $2.63 | 6/6 | $3,156 | $2,105 | 71% | 77% | +$186 | -$50,631 | 317.8% | $-55,492 (vs do-nothing $-29,352) |
| $65 | 8d | 7 Aug 2026 | $1.61 | 5/6 | $3,019 | $1,978 | 70% | 75% | $-205 | -$43,453 | 272.8% | $-51,860 (vs do-nothing $-25,720) |
| $66 | 15d | 14 Aug 2026 | $2.87 | 5/6 | $2,870 | $1,829 | 69% | 76% | +$254 | -$42,323 | 265.7% | $-50,730 (vs do-nothing $-24,590) |
| $66.50 | 22d | 21 Aug 2026 | $3.50 | 6/6 | $2,864 | $1,812 | 69% | 75% | +$61 | -$50,109 | 314.6% | $-54,970 (vs do-nothing $-28,830) |
| $66 | 22d | 21 Aug 2026 | $3.60 | 6/6 | $2,945 | $1,894 | 68% | 75% | +$19 | -$50,349 | 316.1% | $-55,210 (vs do-nothing $-29,070) |
| $65 | 15d | 14 Aug 2026 | $3.25 | 5/6 | $3,250 | $2,209 | 67% | 75% | +$333 | -$42,633 | 267.6% | $-51,040 (vs do-nothing $-24,900) |
| $65 | 22d | 21 Aug 2026 | $3.95 | 6/6 | $3,232 | $2,181 | 66% | 74% | +$43 | -$50,739 | 318.5% | $-55,600 (vs do-nothing $-29,460) |
| $64 | 15d | 14 Aug 2026 | $3.35 | 5/6 | $3,350 | $2,309 | 65% | 74% | +$103 | -$43,083 | 270.4% | $-51,490 (vs do-nothing $-25,350) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $64 | 22d | 21 Aug 2026 | $3.95 | 6/6 | $3,232 | $2,181 | 64% | 73% | $-237 | -$51,339 | 322.3% | $-56,200 (vs do-nothing $-30,060) |
| $63.50 | 15d | 14 Aug 2026 | $3.20 | 5/6 | $3,200 | $2,159 | 63% | 72% | $-223 | -$43,408 | 272.5% | $-51,815 (vs do-nothing $-25,675) |
| $63.50 | 22d | 21 Aug 2026 | $3.65 | 6/6 | $2,986 | $1,935 | 63% | 72% | $-631 | -$51,819 | 325.3% | $-56,680 (vs do-nothing $-30,540) |
| $63 | 15d | 14 Aug 2026 | $3.20 | 5/6 | $3,200 | $2,159 | 62% | 71% | $-407 | -$43,658 | 274.1% | $-52,065 (vs do-nothing $-25,925) |
| $63 | 22d | 21 Aug 2026 | $4.60 | 5/6 | $3,136 | $2,095 | 62% | 72% | $-5 | -$42,958 | 269.7% | $-51,365 (vs do-nothing $-25,225) |
| $62.50 | 15d | 14 Aug 2026 | $3.75 | 4/6 | $3,000 | $1,969 | 61% | 71% | $-39 | -$34,906 | 219.1% | $-46,860 (vs do-nothing $-20,720) |
| $62.50 | 22d | 21 Aug 2026 | $4.75 | 5/6 | $3,239 | $2,197 | 61% | 71% | $-35 | -$43,133 | 270.8% | $-51,540 (vs do-nothing $-25,400) |
| $62 | 8d | 7 Aug 2026 | $2.40 | 4/6 | $3,600 | $2,569 | 60% | 71% | $-68 | -$35,646 | 223.8% | $-47,600 (vs do-nothing $-21,460) |
| $62 | 22d | 21 Aug 2026 | $4.95 | 5/6 | $3,375 | $2,334 | 60% | 70% | $-34 | -$43,283 | 271.7% | $-51,690 (vs do-nothing $-25,550) |
| $62 | 15d | 14 Aug 2026 | $3.55 | 4/6 | $2,840 | $1,809 | 59% | 70% | $-358 | -$35,186 | 220.9% | $-47,140 (vs do-nothing $-21,000) |
| $61 | 22d | 21 Aug 2026 | $5.35 | 4/6 | $2,918 | $1,887 | 57% | 69% | $-38 | -$34,866 | 218.9% | $-46,820 (vs do-nothing $-20,680) |
| $61 | 15d | 14 Aug 2026 | $4.45 | 4/6 | $3,560 | $2,529 | 57% | 70% | +$23 | -$35,226 | 221.1% | $-47,180 (vs do-nothing $-21,040) |
| $61 | 8d | 7 Aug 2026 | $2.82 | 3/6 | $3,172 | $2,151 | 56% | 68% | $-47 | -$26,909 | 168.9% | $-42,409 (vs do-nothing $-16,269) |
| $60 | 22d | 21 Aug 2026 | $5.30 | 4/6 | $2,891 | $1,860 | 55% | 67% | $-308 | -$35,286 | 221.5% | $-47,240 (vs do-nothing $-21,100) |
| $60 | 15d | 14 Aug 2026 | $4.90 | 3/6 | $2,940 | $1,919 | 54% | 67% | +$14 | -$26,585 | 166.9% | $-42,085 (vs do-nothing $-15,945) |
| $60 | 8d | 7 Aug 2026 | $3.20 | 3/6 | $3,600 | $2,579 | 52% | 66% | $-146 | -$27,095 | 170.1% | $-42,595 (vs do-nothing $-16,455) |
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%). Survival, POP and touch use vol x 1.00 (raw implied: the VRP haircut is applied to the premium edge but NOT to risk, because understating the edge costs opportunity while understating breach odds costs capital; the risk-side haircut arms only from the graded ledger). 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.