12 contracts (1,200 sh) | BE SS: $764.00 | CC-SS: $703.64 (banked floor $697.84) | IV: LOW | Accounts: Neville:0865
| Max Loss | $148,800 | (ND $124.00 + SW $0) x 1200 |
| Normal income ref | $20,469/mo | 45% ann ROI on ML |
| Hedge (static, never rolled) | $0/mo | HP expiry = SP LEAPS; decay ≈ $0/mo (info only, already in marks) |
| Unrealized P&L | $54,192 | fortress legs from IBKR |
| Move | New strike ≈ | New expiry | Tenor | Est net | Total (12 ct) | POP / surv of new CC |
|---|---|---|---|---|---|---|
| Roll out (same strike, buy time) | ~$766 | 25 Sep 2026 | 5d left | +$0.46/sh | +$548 cycle +$3,788 [+$546…+$917] · 100% credit | 68% surv 50% |
| Up-and-out for even (raise the cap, free) | ~$766 | 25 Sep 2026 | 5d left | +$0.39/sh | +$462 cycle +$3,702 [+$448…+$797] · 100% credit | 68% surv 51% |
| Reliable up-and-out (highest cap still free ≥60%) | ~$772 | 9 Oct 2026 | 19d left | +$1.95/sh | +$2,339 cycle +$5,579 [+$1,103…+$2,188] · 97% credit | 72% surv 62% |
| Max even-money escape in the band | ~$776 | 9 Oct 2026 | 19d left | +$0.15/sh | +$182 cycle +$3,422 [-$1,465…-$186] · 21% credit | 76% surv 69% |
| Safety roll (pay small debit, max POP) | ~$785 | 9 Oct 2026 | 19d left | -$2.57/sh | -$3,083 cycle +$157 [-$5,672…-$3,743] | 86% surv 84% |
| budget: banked $3,240 debit $3,083 (95% used ≈ 1.1 wk of income) → whole cycle still +$157 cash · rolled 12 ct earn ≈ $3,463/mo while parked; 0 ct free to re-sell | ||||||
| Move | New strike ≈ | New expiry | Tenor | Est net | Total (12 ct) | POP / surv of new CC |
|---|---|---|---|---|---|---|
| Roll out (same strike, buy time) | ~$767 | 21 Sep 2026 | 4d left | +$1.11/sh | +$1,329 cycle +$2,517 [+$509…+$1,309] · 88% credit | 66% surv 50% |
| Reliable up-and-out (highest cap still free ≥60%) | ~$767 | 21 Sep 2026 | 4d left | +$1.04/sh | +$1,245 cycle +$2,433 [+$385…+$1,221] · 85% credit | 66% surv 51% |
| Up-and-out for even (raise the cap, free) | ~$768 | 21 Sep 2026 | 4d left | +$0.49/sh | +$587 cycle +$1,775 [-$548…+$513] · 57% credit | 68% surv 55% |
| Max even-money escape in the band | ~$782 | 9 Oct 2026 | 22d left | +$0.24/sh | +$283 cycle +$1,471 [-$2,564…+$37] · 27% credit | 81% surv 77% |
| Safety roll (pay small debit, max POP) | ~$786 | 9 Oct 2026 | 22d left | -$0.84/sh | -$1,009 cycle +$179 [-$4,297…-$1,302] | 85% surv 83% |
| budget: banked $1,188 debit $1,009 (85% used ≈ 0.2 wk of income) → whole cycle still +$179 cash · rolled 12 ct earn ≈ $3,635/mo while parked; 0 ct free to re-sell | ||||||
| Move | New strike ≈ | New expiry | Tenor | Est net | Total (12 ct) | POP / surv of new CC |
|---|---|---|---|---|---|---|
| Reliable up-and-out (highest cap still free ≥60%) | ~$781 | 9 Oct 2026 | 18d left | +$1.64/sh | +$1,967 cycle +$2,759 [+$1,009…+$2,599] · 92% credit | 72% surv 60% |
| Roll out (same strike, buy time) | ~$776 | 28 Sep 2026 | 8d left | +$0.55/sh | +$656 cycle +$1,448 [+$274…+$1,225] · 88% credit | 66% surv 50% |
| Up-and-out for even (raise the cap, free) | ~$776 | 28 Sep 2026 | 8d left | +$0.48/sh | +$571 cycle +$1,363 [+$175…+$1,110] · 85% credit | 66% surv 51% |
| Max even-money escape in the band | ~$784 | 9 Oct 2026 | 18d left | +$0.20/sh | +$235 cycle +$1,027 [-$1,021…+$784] · 43% credit | 75% surv 66% |
| Safety roll (pay small debit, max POP) | ~$786 | 9 Oct 2026 | 18d left | -$0.64/sh | -$768 cycle +$24 [-$2,242…-$252] · 21% credit | 77% surv 70% |
| budget: banked $792 debit $768 (97% used ≈ 1.3 wk of income) → whole cycle still +$24 cash · rolled 12 ct earn ≈ $8,377/mo while parked; 0 ct free to re-sell | ||||||
Every eligible strike x expiry in the 2-45 DTE band (11 expiries scanned, 260 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: 0.840 (IBKR) | Recovery@SS: +$0 (un-capped fortress gain if stock rallies to SS) | Do-nothing @ SS: $59,508
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $769 | 2d | 18 Sep 2026 | $0.62 | 12/12 | $11,160 | $11,160 | 87% | 89% | +$5,575 | -$0 | 0.0% | $54,936 (vs do-nothing $-4,572) |
| $768 | 2d | 18 Sep 2026 | $0.78 | 9/12 | $10,530 | $13,852 | 85% | 87% | +$4,874 | -$0 | 0.0% | $56,223 (vs do-nothing $-3,285) |
| $767 | 2d | 18 Sep 2026 | $0.99 | 7/12 | $10,395 | $15,932 | 82% | 85% | +$4,459 | -$0 | 0.0% | $57,100 (vs do-nothing $-2,408) |
| $766 | 2d | 18 Sep 2026 | $1.23 | 6/12 | $11,070 | $17,715 | 79% | 82% | +$4,445 | -$0 | 0.0% | $57,588 (vs do-nothing $-1,920) |
| $765 | 2d | 18 Sep 2026 | $1.52 | 5/12 | $11,400 | $19,152 | 75% | 80% | +$4,217 | -$0 | 0.0% | $58,053 (vs do-nothing $-1,455) |
| $766 | 5d | 21 Sep 2026 | $1.62 | 11/12 | $10,692 | $11,800 | 75% | 79% | +$3,065 | -$0 | 0.0% | $56,417 (vs do-nothing $-3,091) |
| $767 | 7d | 23 Sep 2026 | $2.00 | 12/12 | $10,286 | $10,286 | 74% | 79% | +$3,053 | -$0 | 0.0% | $56,592 (vs do-nothing $-2,916) |
| $766 | 6d | 22 Sep 2026 | $1.96 | 11/12 | $10,780 | $11,888 | 73% | 78% | +$2,939 | -$0 | 0.0% | $56,791 (vs do-nothing $-2,717) |
| $767 | 8d | 24 Sep 2026 | $2.35 | 12/12 | $10,575 | $10,575 | 73% | 78% | +$3,102 | -$0 | 0.0% | $57,012 (vs do-nothing $-2,496) |
| $765 | 5d | 21 Sep 2026 | $1.94 | 9/12 | $10,476 | $13,798 | 71% | 77% | +$2,743 | -$0 | 0.0% | $57,267 (vs do-nothing $-2,241) |
| $766 | 7d | 23 Sep 2026 | $2.34 | 11/12 | $11,031 | $12,139 | 71% | 77% | +$3,037 | -$0 | 0.0% | $57,209 (vs do-nothing $-2,299) |
| $767 | 9d | 25 Sep 2026 | $2.74 | 12/12 | $10,960 | $10,960 | 71% | 77% | +$3,141 | -$0 | 0.0% | $57,480 (vs do-nothing $-2,028) |
| $764 | 2d | 18 Sep 2026 | $1.85 | 4/12 | $11,100 | $19,960 | 71% | 78% | +$3,796 | -$0 | 0.0% | $58,476 (vs do-nothing $-1,032) |
Showing the 60 next-safest rows of 247.
| Strike | DTE | Expiry | Bid | Sell | Income/mo | Net/mo | Survival | POP (mid) | EV/mo | Cap Give-up @ CC-SS | %IC | Total P&L @ SS |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $766 | 8d | 24 Sep 2026 | $2.70 | 11/12 | $11,138 | $12,245 | 70% | 76% | +$2,913 | -$0 | 0.0% | $57,605 (vs do-nothing $-1,903) |
| $765 | 6d | 22 Sep 2026 | $2.31 | 9/12 | $10,395 | $13,718 | 70% | 76% | +$2,591 | -$0 | 0.0% | $57,600 (vs do-nothing $-1,908) |
| $766 | 9d | 25 Sep 2026 | $3.12 | 10/12 | $10,400 | $12,615 | 69% | 76% | +$2,788 | -$0 | 0.0% | $58,198 (vs do-nothing $-1,310) |
| $765 | 7d | 23 Sep 2026 | $2.70 | 9/12 | $10,414 | $13,737 | 68% | 75% | +$2,610 | -$0 | 0.0% | $57,951 (vs do-nothing $-1,557) |
| $764 | 5d | 21 Sep 2026 | $2.30 | 8/12 | $11,040 | $15,470 | 68% | 75% | +$2,590 | -$0 | 0.0% | $57,804 (vs do-nothing $-1,704) |
| $763 | 2d | 18 Sep 2026 | $2.23 | 4/12 | $13,380 | $22,240 | 67% | 75% | +$4,218 | -$0 | 0.0% | $58,628 (vs do-nothing $-880) |
| $765 | 8d | 24 Sep 2026 | $3.09 | 9/12 | $10,429 | $13,751 | 67% | 75% | +$2,625 | -$0 | 0.0% | $58,302 (vs do-nothing $-1,206) |
| $766 | 13d | 29 Sep 2026 | $3.92 | 12/12 | $10,855 | $10,855 | 67% | 75% | +$2,937 | -$0 | 0.0% | $58,896 (vs do-nothing $-612) |
| $766 | 12d | 28 Sep 2026 | $3.56 | 12/12 | $10,680 | $10,680 | 67% | 74% | +$1,950 | -$0 | 0.0% | $58,464 (vs do-nothing $-1,044) |
| $764 | 6d | 22 Sep 2026 | $2.69 | 8/12 | $10,760 | $15,190 | 67% | 74% | +$2,439 | -$0 | 0.0% | $58,116 (vs do-nothing $-1,392) |
| $767 | 16d | 2 Oct 2026 | $4.67 | 12/12 | $10,508 | $10,508 | 67% | 75% | +$2,926 | -$0 | 0.0% | $59,796 (vs do-nothing +$288) |
| $765 | 9d | 25 Sep 2026 | $3.53 | 9/12 | $10,590 | $13,912 | 66% | 74% | +$2,651 | -$0 | 0.0% | $58,698 (vs do-nothing $-810) |
| $766 | 14d | 30 Sep 2026 | $4.30 | 12/12 | $11,057 | $11,057 | 66% | 74% | +$2,886 | -$0 | 0.0% | $59,352 (vs do-nothing $-156) |
| $764 | 7d | 23 Sep 2026 | $3.10 | 8/12 | $10,629 | $15,059 | 65% | 74% | +$2,436 | -$0 | 0.0% | $58,444 (vs do-nothing $-1,064) |
| $766 | 16d | 2 Oct 2026 | $5.11 | 11/12 | $10,539 | $11,647 | 64% | 73% | +$2,783 | -$0 | 0.0% | $60,256 (vs do-nothing +$748) |
| $763 | 5d | 21 Sep 2026 | $2.70 | 7/12 | $11,340 | $16,878 | 64% | 73% | +$2,401 | -$0 | 0.0% | $58,297 (vs do-nothing $-1,211) |
| $765 | 12d | 28 Sep 2026 | $3.98 | 11/12 | $10,945 | $12,052 | 64% | 73% | +$2,060 | -$0 | 0.0% | $59,013 (vs do-nothing $-495) |
| $764 | 8d | 24 Sep 2026 | $3.50 | 8/12 | $10,500 | $14,930 | 64% | 73% | +$2,422 | -$0 | 0.0% | $58,764 (vs do-nothing $-744) |
| $765 | 13d | 29 Sep 2026 | $4.35 | 11/12 | $11,042 | $12,150 | 64% | 73% | +$2,802 | -$0 | 0.0% | $59,420 (vs do-nothing $-88) |
| $765 | 14d | 30 Sep 2026 | $4.75 | 11/12 | $11,196 | $12,304 | 64% | 73% | +$2,760 | -$0 | 0.0% | $59,860 (vs do-nothing +$352) |
| $764 | 9d | 25 Sep 2026 | $3.96 | 8/12 | $10,560 | $14,990 | 63% | 73% | +$2,446 | -$0 | 0.0% | $59,132 (vs do-nothing $-376) |
| $763 | 6d | 22 Sep 2026 | $3.09 | 7/12 | $10,815 | $16,352 | 63% | 72% | +$2,175 | -$0 | 0.0% | $58,570 (vs do-nothing $-938) |
| $762 | 2d | 18 Sep 2026 | $2.65 | 3/12 | $11,925 | $21,892 | 63% | 73% | +$3,404 | -$0 | 0.0% | $58,974 (vs do-nothing $-534) |
| $765 | 16d | 2 Oct 2026 | $5.58 | 10/12 | $10,462 | $12,678 | 62% | 72% | +$2,626 | -$0 | 0.0% | $60,658 (vs do-nothing +$1,150) |
| $763 | 7d | 23 Sep 2026 | $3.54 | 7/12 | $10,620 | $16,158 | 62% | 72% | +$2,236 | -$0 | 0.0% | $58,885 (vs do-nothing $-623) |
| $766 | 23d | 9 Oct 2026 | $6.95 | 12/12 | $10,878 | $10,878 | 62% | 73% | +$2,964 | -$0 | 0.0% | $62,532 (vs do-nothing +$3,024) |
| $764 | 12d | 28 Sep 2026 | $4.43 | 10/12 | $11,075 | $13,290 | 62% | 72% | +$2,134 | -$0 | 0.0% | $59,508 (vs do-nothing +$0) |
| $764 | 13d | 29 Sep 2026 | $4.81 | 10/12 | $11,100 | $13,315 | 62% | 72% | +$2,644 | -$0 | 0.0% | $59,888 (vs do-nothing +$380) |
| $763 | 8d | 24 Sep 2026 | $3.95 | 7/12 | $10,369 | $15,906 | 62% | 72% | +$2,205 | -$0 | 0.0% | $59,172 (vs do-nothing $-336) |
| $764 | 14d | 30 Sep 2026 | $5.22 | 10/12 | $11,186 | $13,401 | 61% | 72% | +$2,593 | -$0 | 0.0% | $60,298 (vs do-nothing +$790) |
| $762 | 5d | 21 Sep 2026 | $3.13 | 6/12 | $11,268 | $17,913 | 61% | 71% | +$2,118 | -$0 | 0.0% | $58,728 (vs do-nothing $-780) |
| $763 | 9d | 25 Sep 2026 | $4.43 | 7/12 | $10,337 | $15,874 | 61% | 71% | +$2,231 | -$0 | 0.0% | $59,508 (vs do-nothing +$0) |
| $765 | 23d | 9 Oct 2026 | $7.45 | 11/12 | $10,689 | $11,797 | 61% | 72% | +$2,790 | -$0 | 0.0% | $62,830 (vs do-nothing +$3,322) |
| $764 | 16d | 2 Oct 2026 | $6.07 | 9/12 | $10,243 | $13,566 | 60% | 71% | +$2,436 | -$0 | 0.0% | $60,984 (vs do-nothing +$1,476) |
| $762 | 6d | 22 Sep 2026 | $3.54 | 6/12 | $10,620 | $17,265 | 60% | 70% | +$1,923 | -$0 | 0.0% | $58,974 (vs do-nothing $-534) |
| $763 | 12d | 28 Sep 2026 | $4.91 | 9/12 | $11,048 | $14,370 | 60% | 71% | +$2,165 | -$0 | 0.0% | $59,940 (vs do-nothing +$432) |
| $763 | 13d | 29 Sep 2026 | $5.30 | 9/12 | $11,008 | $14,330 | 60% | 71% | +$2,465 | -$0 | 0.0% | $60,291 (vs do-nothing +$783) |
| $762 | 7d | 23 Sep 2026 | $4.01 | 6/12 | $10,311 | $16,956 | 59% | 70% | +$1,984 | -$0 | 0.0% | $59,256 (vs do-nothing $-252) |
| $762 | 8d | 24 Sep 2026 | $4.44 | 7/12 | $11,655 | $17,192 | 59% | 71% | +$2,951 | -$0 | 0.0% | $59,515 (vs do-nothing +$7) |
| $763 | 14d | 30 Sep 2026 | $5.72 | 9/12 | $11,031 | $14,354 | 59% | 71% | +$2,411 | -$0 | 0.0% | $60,669 (vs do-nothing +$1,161) |
| $761 | 2d | 18 Sep 2026 | $3.11 | 3/12 | $13,995 | $23,962 | 59% | 71% | +$3,601 | -$0 | 0.0% | $59,112 (vs do-nothing $-396) |
| $764 | 23d | 9 Oct 2026 | $7.98 | 10/12 | $10,409 | $12,624 | 59% | 71% | +$2,611 | -$0 | 0.0% | $63,058 (vs do-nothing +$3,550) |
| $763 | 16d | 2 Oct 2026 | $6.59 | 9/12 | $11,121 | $14,443 | 58% | 70% | +$2,513 | -$0 | 0.0% | $61,452 (vs do-nothing +$1,944) |
| $762 | 9d | 25 Sep 2026 | $4.92 | 7/12 | $11,480 | $17,018 | 58% | 70% | +$2,290 | -$0 | 0.0% | $59,851 (vs do-nothing +$343) |
| $762 | 12d | 28 Sep 2026 | $5.42 | 8/12 | $10,840 | $15,270 | 58% | 70% | +$2,150 | -$0 | 0.0% | $60,300 (vs do-nothing +$792) |
| $761 | 5d | 21 Sep 2026 | $3.61 | 5/12 | $10,830 | $18,582 | 57% | 69% | +$1,834 | -$0 | 0.0% | $59,098 (vs do-nothing $-410) |
| $762 | 13d | 29 Sep 2026 | $5.82 | 8/12 | $10,745 | $15,175 | 57% | 70% | +$2,265 | -$0 | 0.0% | $60,620 (vs do-nothing +$1,112) |
| $763 | 23d | 9 Oct 2026 | $8.52 | 10/12 | $11,113 | $13,328 | 57% | 70% | +$2,670 | -$0 | 0.0% | $63,598 (vs do-nothing +$4,090) |
| $762 | 14d | 30 Sep 2026 | $6.24 | 8/12 | $10,697 | $15,127 | 57% | 69% | +$2,198 | -$0 | 0.0% | $60,956 (vs do-nothing +$1,448) |
| $761 | 6d | 22 Sep 2026 | $4.03 | 6/12 | $12,090 | $18,735 | 57% | 69% | +$1,980 | -$0 | 0.0% | $59,268 (vs do-nothing $-240) |
| $762 | 16d | 2 Oct 2026 | $7.13 | 8/12 | $10,695 | $15,125 | 57% | 69% | +$2,293 | -$0 | 0.0% | $61,668 (vs do-nothing +$2,160) |
| $761 | 7d | 23 Sep 2026 | $4.51 | 6/12 | $11,597 | $18,242 | 56% | 69% | +$2,032 | -$0 | 0.0% | $59,556 (vs do-nothing +$48) |
| $761 | 9d | 25 Sep 2026 | $5.45 | 6/12 | $10,900 | $17,545 | 56% | 70% | +$2,887 | -$0 | 0.0% | $60,120 (vs do-nothing +$612) |
| $761 | 8d | 24 Sep 2026 | $4.95 | 6/12 | $11,138 | $17,782 | 56% | 69% | +$2,017 | -$0 | 0.0% | $59,820 (vs do-nothing +$312) |
| $762 | 23d | 9 Oct 2026 | $9.09 | 9/12 | $10,671 | $13,993 | 56% | 69% | +$2,469 | -$0 | 0.0% | $63,702 (vs do-nothing +$4,194) |
| $761 | 12d | 28 Sep 2026 | $5.95 | 7/12 | $10,412 | $15,950 | 55% | 69% | +$2,066 | -$0 | 0.0% | $60,572 (vs do-nothing +$1,064) |
| $761 | 13d | 29 Sep 2026 | $6.36 | 7/12 | $10,274 | $15,811 | 55% | 69% | +$2,029 | -$0 | 0.0% | $60,859 (vs do-nothing +$1,351) |
| $761 | 14d | 30 Sep 2026 | $6.79 | 8/12 | $11,640 | $16,070 | 55% | 68% | +$2,257 | -$0 | 0.0% | $61,396 (vs do-nothing +$1,888) |
| $760 | 2d | 18 Sep 2026 | $3.63 | 2/12 | $10,890 | $21,965 | 55% | 69% | +$2,571 | -$0 | 0.0% | $59,348 (vs do-nothing $-160) |
| $761 | 16d | 2 Oct 2026 | $7.69 | 8/12 | $11,535 | $15,965 | 55% | 68% | +$2,360 | -$0 | 0.0% | $62,116 (vs do-nothing +$2,608) |
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 12 contracts at the conservative CC.