5 contracts (500 sh) | BE SS: $186.00 | CC-SS: $190.07 (banked floor $183.75) | IV: HIGH | Accounts: Neville:0865
| Max Loss | $43,500 | (ND $27.00 + SW $60) x 500 |
| Normal income ref | $6,300/mo | 95% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $1,188/mo (info only, already in marks) |
| Unrealized P&L | $-19,913 | fortress legs from IBKR |
| Open leg | Acct | Credit/sh | In flight | Opened |
|---|---|---|---|---|
| 5x $160C 11 Sep 2026 | U13190865 | $1.00 | $502 | 2026-09-08 |
Each Friday gets its own recommended pick and full income ladder (safest strike per income rung, sized across your 5 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 🏆 | 18 Sep 2026 · 8d | 4 × $160 | 75% | $3,360 | $742 |
| Rung | Sell | Expiry | DTE | OTM | Survival | Touch odds | FIGHT edge | Per cycle | Income/mo | Δ vs pick | Cap give-up | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| ▸ | 🛡 safe yield | 5 × $170 | 18 Sep | 8d | 12.3% | 91%hist 96% | 19%hist 13% | +2pp | $400 | $1,500 | -$1,860 | $9,635 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $170 12.3% OTM over spot $151.43 18 Sep 2026 (8d, $0.81 mid) = $400 credit for the 8d cycle → $1,500/mo projected Survival (stays ≤ $170) 91% Breach risk 9% POP (stays ≤ $170.81) 91% EV / mo +$810 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +2pp 68% whole by 9mo vs 66% doing nothing FIRE DRILLS ~0.8/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $1,036/mo median; plan ~$704/mo after 68% keep · $3,884 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.8 mo [0.9-3.7], measured ONLY among the 68% 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) -$1,729 Free roll-up +$4/wk Safest escape (by 2 Oct 2026) $181 @ 78% POP 73% 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: $6.02/sh now → $4.26 mid-life (likely $3.64–$6.07) → ≈ $0 at expiry | you banked $0.80/sh, so a flat mid-life exit nets -$3.46/sh | roll rows are incremental, the banked premium stays yours 📊 Across 365 simulated challenges: the $170 strike is typically first touched on day 6 of 8, at $173 (overshoots $3.05). 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 ⚠ $170 is $20 below CC-SS $190.07: 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 $0.80 collected) or spot ≥ $170.81 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $170)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.97 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $190.07, where you are whole again, by expiry) Starting unrealized P&L: $-19,913 + Fortress recovery (un-capped): +$18,760 − CC assignment net of premium (5 × $170): -$9,635 Total Position P&L @ SS: $-10,788 (+$9,125 vs today) Do-nothing baseline at SS: $-3,388 (this trade vs do-nothing: $-7,400, the opportunity cost of earning $1,500/mo FIGHT income now) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 33% normal ← lean | 5 × $165 | 18 Sep | 8d | 9.0% | 85%hist 86% | 32%hist 31% | +5pp | $665 | $2,494 | -$866 | $11,870 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $165 9.0% OTM over spot $151.43 18 Sep 2026 (8d, $1.35 mid) = $665 credit for the 8d cycle → $2,494/mo projected Survival (stays ≤ $165) 85% Breach risk 15% POP (stays ≤ $166.35) 87% EV / mo +$1,111 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +5pp 70% whole by 9mo vs 65% doing nothing FIRE DRILLS ~1.3/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $1,524/mo median; plan ~$1,037/mo after 68% keep · $5,134 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.7 mo [0.9-3.2], measured ONLY among the 70% 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) 22% Flat exit net (mid-life) -$1,402 Free roll-up +$4/wk Safest escape (by 2 Oct 2026) $179 @ 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 4 of 8); earlier = worse credits, later = better, through the strike = add intrinsic Buyback gross: $5.84/sh now → $4.13 mid-life (likely $3.94–$6.39) → ≈ $0 at expiry | you banked $1.33/sh, so a flat mid-life exit nets -$2.80/sh | roll rows are incremental, the banked premium stays yours 📊 Across 675 simulated challenges: the $165 strike is typically first touched on day 5 of 8, at $168 (overshoots $2.96). 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 ⚠ $165 is $25 below CC-SS $190.07: 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 $1.33 collected) or spot ≥ $166.35 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $165)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.97 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $190.07, where you are whole again, by expiry) Starting unrealized P&L: $-19,913 + Fortress recovery (un-capped): +$18,760 − CC assignment net of premium (5 × $165): -$11,870 Total Position P&L @ SS: $-13,023 (+$6,890 vs today) Do-nothing baseline at SS: $-3,388 (this trade vs do-nothing: $-9,635, the opportunity cost of earning $2,494/mo FIGHT income now) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 🎯 50% normal | 4 × $160 | 18 Sep | 8d | 5.7% | 75%hist 83% | 51%hist 44% | +8pp | $896 | $3,360 | — | $11,132 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 4 × $160 5.7% OTM over spot $151.43 18 Sep 2026 (8d, $2.27 mid) = $896 credit for the 8d cycle → $3,360/mo projected Survival (stays ≤ $160) 75% Breach risk 25% POP (stays ≤ $162.26) 80% EV / mo +$1,133 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +8pp 69% whole by 9mo vs 61% doing nothing FIRE DRILLS ~2.5/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $1,736/mo median; plan ~$1,180/mo after 68% keep · $6,491 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.7 mo [1.0-3.7], measured ONLY among the 69% 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) 40% Flat exit net (mid-life) -$707 Free roll-up +$4/wk Safest escape (by 2 Oct 2026) $179 @ 86% POP 83% 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: $5.67/sh now → $4.01 mid-life (likely $4.45–$6.59) → ≈ $0 at expiry | you banked $2.24/sh, so a flat mid-life exit nets -$1.77/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,207 simulated challenges: the $160 strike is typically first touched on day 4 of 8, at $163 (overshoots $2.81). 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 ⚠ $160 is $30 below CC-SS $190.07: 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 ≥ $162.26 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $160)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.97 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $190.07, where you are whole again, by expiry) Starting unrealized P&L: $-19,913 + Fortress recovery (un-capped): +$18,760 − CC assignment net of premium (4 × $160): -$11,132 − Conservative CC assignment net of premium (1 × $185): -$447 Total Position P&L @ SS: $-12,732 (+$7,181 vs today) Do-nothing baseline at SS: $-3,388 (this trade vs do-nothing: $-9,344, the opportunity cost of earning $3,360/mo FIGHT income now) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ▸ | 100% normal | 5 × $155 | 18 Sep | 8d | 2.4% | 62%hist 65% | 78%hist 64% | +14pp | $1,850 | $6,938 | +$3,578 | $15,685 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sell 5 × $155 2.4% OTM over spot $151.43 18 Sep 2026 (8d, $3.75 mid) = $1,850 credit for the 8d cycle → $6,938/mo projected Survival (stays ≤ $155) 62% Breach risk 38% POP (stays ≤ $158.75) 72% EV / mo +$1,517 📈 CAMPAIGN OUTLOOK (400 simulated futures, this rung on repeat for 9 months, no directional opinion) FIGHT'S EDGE +14pp 76% whole by 9mo vs 61% doing nothing FIRE DRILLS ~4.5/quarter challenges to roll; realized tends lower (calibration) BANKED RATE WHILE FIGHTING $2,641/mo median; plan ~$1,796/mo after 68% keep · $7,774 banked by campaign end (selling stops once whole) green: with FIGHT · grey: without if it recovers, the typical trip is ~1.8 mo [1.0-3.3], measured ONLY among the 76% 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) 62% Flat exit net (mid-life) -$91 Free roll-up +$4/wk Safest escape (by 2 Oct 2026) $184 @ 93% POP 92% 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: $5.49/sh now → $3.88 mid-life (likely $5.07–$7.10) → ≈ $0 at expiry | you banked $3.70/sh, so a flat mid-life exit nets -$0.18/sh | roll rows are incremental, the banked premium stays yours 📊 Across 1,873 simulated challenges: the $155 strike is typically first touched on day 3 of 8, at $158 (overshoots $2.92). 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 ⚠ $155 is $35 below CC-SS $190.07: 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 < $0.93/sh (~25% of the $3.70 collected) or spot ≥ $158.75 (breakeven), whichever comes first. Time value = call mark price minus intrinsic (max(0, spot − $155)); NOT the premium you collected.
If held to expiryexact, settlement = intrinsic · fortress delta 0.97 (IBKR)
V-BOUNCE STRESS (stock → CC-SS $190.07, where you are whole again, by expiry) Starting unrealized P&L: $-19,913 + Fortress recovery (un-capped): +$18,760 − CC assignment net of premium (5 × $155): -$15,685 Total Position P&L @ SS: $-16,838 (+$3,075 vs today) Do-nothing baseline at SS: $-3,388 (this trade vs do-nothing: $-13,450, the opportunity cost of earning $6,938/mo FIGHT income now) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Every eligible strike x expiry in the 4-45 DTE band (3 expiries scanned, 18 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: 0.971 (IBKR) | Recovery@SS: +$18,760 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $-3,388
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $160 | 8d | 18 Sep 2026 | $2.24 | 4/5 | $3,360 | $3,480 | 75% | 80% | +$1,133 | -$11,132 | 82.5% | $-12,732 (vs do-nothing $-9,344) |
| $162.50 | 15d | 25 Sep 2026 | $3.15 | 5/5 | $3,150 | $3,150 | 75% | 80% | +$982 | -$12,210 | 90.4% | $-13,363 (vs do-nothing $-9,975) |
| $160 | 15d | 25 Sep 2026 | $3.80 | 5/5 | $3,800 | $3,800 | 70% | 77% | +$1,054 | -$13,135 | 97.3% | $-14,288 (vs do-nothing $-10,900) |
| $157.50 | 8d | 18 Sep 2026 | $2.90 | 3/5 | $3,262 | $3,502 | 69% | 76% | +$892 | -$8,901 | 65.9% | $-10,948 (vs do-nothing $-7,560) |
| $160 | 22d | 2 Oct 2026 | $4.95 | 5/5 | $3,375 | $3,375 | 68% | 75% | +$759 | -$12,560 | 93.0% | $-13,713 (vs do-nothing $-10,325) |
| $157.50 | 15d | 25 Sep 2026 | $4.45 | 4/5 | $3,560 | $3,680 | 66% | 74% | +$792 | -$11,248 | 83.3% | $-12,848 (vs do-nothing $-9,460) |
| $157.50 | 22d | 2 Oct 2026 | $5.80 | 4/5 | $3,164 | $3,284 | 64% | 73% | +$630 | -$10,708 | 79.3% | $-12,308 (vs do-nothing $-8,920) |
| $155 | 8d | 18 Sep 2026 | $3.70 | 3/5 | $4,162 | $4,402 | 62% | 72% | +$910 | -$9,411 | 69.7% | $-11,458 (vs do-nothing $-8,070) |
| $155 | 15d | 25 Sep 2026 | $5.40 | 3/5 | $3,240 | $3,480 | 60% | 71% | +$636 | -$8,901 | 65.9% | $-10,948 (vs do-nothing $-7,560) |
| $155 | 22d | 2 Oct 2026 | $6.70 | 4/5 | $3,655 | $3,775 | 59% | 71% | +$612 | -$11,348 | 84.1% | $-12,948 (vs do-nothing $-9,560) |
| $152.50 | 8d | 18 Sep 2026 | $4.75 | 2/5 | $3,562 | $3,922 | 55% | 69% | +$613 | -$6,564 | 48.6% | $-9,058 (vs do-nothing $-5,670) |
| $152.50 | 22d | 2 Oct 2026 | $7.60 | 4/5 | $4,145 | $4,265 | 55% | 68% | +$522 | -$11,988 | 88.8% | $-13,588 (vs do-nothing $-10,200) |
| $152.50 | 15d | 25 Sep 2026 | $6.30 | 3/5 | $3,780 | $4,020 | 55% | 69% | +$581 | -$9,381 | 69.5% | $-11,428 (vs do-nothing $-8,040) |
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $150 | 22d | 2 Oct 2026 | $8.80 | 3/5 | $3,600 | $3,840 | 50% | 66% | +$391 | -$9,381 | 69.5% | $-11,428 (vs do-nothing $-8,040) |
| $150 | 15d | 25 Sep 2026 | $7.50 | 3/5 | $4,500 | $4,740 | 49% | 66% | +$553 | -$9,771 | 72.4% | $-11,818 (vs do-nothing $-8,430) |
| $149 | 22d | 2 Oct 2026 | $9.30 | 3/5 | $3,805 | $4,045 | 48% | 65% | +$383 | -$9,531 | 70.6% | $-11,578 (vs do-nothing $-8,190) |
| $150 | 8d | 18 Sep 2026 | $5.95 | 2/5 | $4,462 | $4,822 | 47% | 65% | +$585 | -$6,824 | 50.5% | $-9,318 (vs do-nothing $-5,930) |
| $149 | 15d | 25 Sep 2026 | $7.95 | 2/5 | $3,180 | $3,540 | 47% | 65% | +$326 | -$6,624 | 49.1% | $-9,118 (vs do-nothing $-5,730) |
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 5 contracts at the conservative CC.