Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

Generated: 2026-07-10 03:41:28
Payback gate: 12mo (1.0yr)
SS = Max(LC+ND, (LC+SP+ND)/2)

TOTAL HEDGE (CURRENT)

$20,814/yr

TOTAL HEDGE (CHEAPEST)

$25,516/yr

Δ HEDGE (CHEAPEST vs CURRENT)

+$4,702/yr

ROLL DEBIT (CHEAPEST)

-$8,775

MAX LOSS REDUCTION (PROTECTIVE)

-$46,250

PORTFOLIO ACTION SUMMARY · 38 positions

3 · ROLL NOW4 · LEAPS-ONLY31 · OK

Click any ticker row below to jump to its analysis section.

What do these actions mean? (legend)

NO HEDGE — No HP leg at all — naked synthetic long, no catastrophic protection.

ROLL IMMEDIATELY — Healthy fortress, HP expires ≤14d — roll the hedge out NOW (theta cliff).

REPAIR NOW — Structurally bad (HP ITM/tight or costly) AND ≤14d — roll HP DOWN today.

REPAIR SOON — Structurally bad AND ≤35d — roll HP DOWN this week.

ROLL NOW — Healthy fortress, HP ≤45d — roll the hedge OUT (maintain/raise strike).

REPAIR PLAN — Structurally bad but >35d runway — plan the roll-down, no rush.

LEAPS-ONLY — CSV-declared SP=0/HP=0 — intentional LC-only structure, no hedge to roll.

OK — Healthy structure with ample HP runway — no action.

REPAIR = roll HP down to a cheaper OTM strike (structure is hurting). ROLL = roll HP out/up to a later expiry (structure is healthy, hedge just expiring).

Fortress Position Overview

FORTRESS	STOCK	LC	SP	HP	SC	BE‑SS	CC‑SS	GAP	RM	HP OTM%	STATUS	CTRS	IC	NOTIONAL	URGENCY
BMNR → +10C −18P +10P	$14.79	10	18	10	0	$17.13	$19.79	8	2.28x	32.4%	SAFE	50	$31,250	$73,925	ROLL NOW (42d)
INTC → +85C −100P +35P −130C	$112.42	85	100	35	130	$114.00	$116.91	65	3.24x	68.9%	SAFE	5	$14,500	$56,210	ROLL NOW (42d)
IREN (Neville) → +45C −65P +21P −53C	$42.49	45	65	21	53	$56.50	$59.00	44	15.67x	50.6%	SAFE	20	$6,000	$84,980	ROLL NOW (42d)
GOOG (Joint) +310C −380C	$355.31	310	0	0	380	$392.50	$338.05	0	1.00x	0.0%	N/A	5	$41,250	$177,655	LEAPS-ONLY
GOOG (Main) +310C −380C	$355.31	310	0	0	380	$392.50	$338.05	0	1.00x	0.0%	N/A	10	$82,500	$355,310	LEAPS-ONLY
IGV +70C −100C	$93.81	70	0	0	100	$96.50	$87.55	0	1.00x	0.0%	N/A	12	$31,800	$112,572	LEAPS-ONLY
SPY +640C	$751.27	640	0	0	0	$764.00	$694.38	0	1.00x	0.0%	N/A	12	$148,800	$901,530	LEAPS-ONLY
AMZN +215C −260P +230P −252C	$245.90	215	260	230	252	$256.25	$239.94	30	1.80x	6.5%	OK	10	$37,500	$245,900	OK
APP +460C −540P +185P −600C	$515.50	460	540	185	600	$588.00	$602.13	355	3.77x	64.1%	SAFE	1	$12,800	$51,550	OK
CLSK +17C −17P +10P	$13.09	17	17	10	0	$20.74	$17.30	7	2.87x	23.6%	SAFE	25	$9,350	$32,713	OK
COIN (Main) +165C −240P +85P −215C	$159.04	165	240	85	215	$210.90	$216.71	155	10.23x	46.6%	SAFE	8	$13,440	$127,232	OK
COIN (RetireInc) +145C −200P +75P −215C	$159.04	145	200	75	215	$182.40	$187.09	125	7.31x	52.8%	SAFE	3	$5,940	$47,712	OK
COPX +65C −90P +68P	$75.32	65	90	68	0	$93.40	$94.09	22	1.77x	9.7%	OK	20	$56,800	$150,640	OK
CRWV +105C −120P +40P	$89.73	105	120	40	0	$125.45	$127.90	80	4.91x	55.4%	SAFE	5	$10,225	$44,868	OK
DELL +340C −390P +150P	$451.38	340	390	150	0	$398.00	$408.96	240	5.14x	66.8%	SAFE	3	$17,400	$135,414	OK
ENPH +45C −60P +20P −50C	$45.02	45	60	20	50	$56.15	$58.82	40	6.48x	55.6%	SAFE	10	$7,300	$45,020	OK
ETHA +13C −16P +10P	$13.21	13	16	10	0	$17.33	$18.07	6	2.39x	24.3%	SAFE	50	$21,650	$66,025	OK
GLD +320C −450P +330P −390C	$378.03	320	450	330	390	$456.00	$472.13	120	1.88x	12.7%	SAFE	10	$136,000	$378,030	OK
GLXY +38C −38P +18P	$25.44	38	38	18	0	$39.71	$32.16	20	10.05x	31.2%	SAFE	125	$27,625	$318,000	OK
GOOG (Neville) +300C −345P +310P −380C	$355.31	300	345	310	380	$373.00	$338.50	35	1.48x	12.8%	SAFE	15	$109,500	$532,965	OK
GOOG (Neville) +340C −405P +360P −380C	$355.31	340	405	360	380	$398.00	$375.81	45	1.88x	-1.3%	ITM	5	$25,500	$177,655	OK
HIMS +10C −20P +5P −48C	$35.37	10	20	5	48	$17.47	$18.69	15	4.04x	85.9%	SAFE	15	$7,395	$53,055	OK
IREN (Joint) +25C −47P +35P −55C	$42.49	25	47	35	55	$44.00	$48.14	12	1.75x	17.6%	SAFE	20	$32,000	$84,980	OK
IREN (Main) +25C −47P +35P −55C	$42.49	25	47	35	55	$44.00	$48.14	12	1.75x	17.6%	SAFE	20	$32,000	$84,980	OK
IREN (RetireInc) +50C −70P +23P −53C	$42.49	50	70	23	53	$63.43	$67.21	47	7.86x	45.9%	SAFE	20	$13,700	$84,980	OK
MDB +270C −340P +150P −410C	$358.67	270	340	150	410	$362.90	$380.50	190	3.05x	58.2%	SAFE	1	$9,290	$35,866	OK
META +480C −650P +330P −630C	$628.12	480	650	330	630	$601.50	$605.83	320	5.38x	47.5%	SAFE	3	$21,900	$188,434	OK
MSTR +125C −185P +55P	$95.29	125	185	55	0	$161.00	$168.55	130	11.83x	42.3%	SAFE	4	$4,800	$38,116	OK
MU (Main) +880C −1010P +320P −1100C	$1001.96	880	1010	320	1100	$1028.60	$1054.12	690	5.64x	68.1%	SAFE	5	$74,300	$500,980	OK
MU (Neville) +970C −1110P +370P −1100C	$1001.96	970	1110	370	1100	$1220.00	$1245.93	740	3.96x	63.1%	SAFE	2	$50,000	$200,392	OK
NEM +88C −105P +75P	$94.49	88	105	75	0	$114.54	$117.60	30	2.11x	20.6%	SAFE	5	$13,520	$47,245	OK
NOW +80C −110P +90P	$108.95	80	110	90	0	$108.93	$113.11	20	1.72x	17.4%	SAFE	10	$27,850	$108,950	OK
NVDA +140C −175P +70P −212C	$203.98	140	175	70	212	$199.60	$203.33	105	2.76x	65.7%	SAFE	5	$29,800	$101,988	OK
QCOM +190C −210P +90P −208C	$190.87	190	210	90	208	$224.00	$228.92	120	4.53x	52.8%	SAFE	5	$17,000	$95,435	OK
RIOT +17C −40P +17P	$21.79	17	40	17	0	$23.65	$32.03	23	5.81x	22.0%	SAFE	50	$23,925	$108,925	OK
RKLB +115C −135P +45P −101C	$83.42	115	135	45	101	$141.55	$147.16	90	4.39x	46.1%	SAFE	6	$15,930	$50,055	OK
SOFI +10C −13P +5P −20C	$18.53	10	13	5	20	$15.75	$16.18	8	2.39x	73.0%	SAFE	35	$20,125	$64,856	OK
SPCX +150C −195P +135P −175C	$152.06	150	195	135	175	$186.00	$182.17	60	3.22x	11.2%	SAFE	5	$13,500	$76,028	OK

BMNR: HP 10P Maintenance Roll-Out · exp Aug 21 '26, 42d

Stock: $14.79 Current HP: 10P (42d, 32.4% OTM) Current hedge: $9,560/yr Current ML: $71,250 CC income: $61,929/yr Cost cap: 25% of CC = $15,482/yr IV: HIGH 2 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 10 → 10P (Jan 15 '27, 189d, 32.4% OTM) | Cost: $13,325/yr (22% of CC) | New ML: $71,250 = ML | Roll DEBIT $6,150 | Margin (TIMS): $851

PROTECTIVE PICK: same as CHEAPEST (no higher-strike candidate clears the cost cap).

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	10 CHEAP PROT	Jan 15	189d	32.4%	$1.13	$1.38	$13,325	22%	$71,250	=	D $6,150
2	10	Nov 20	133d	32.4%	$0.76	$0.99	$13,585	22%	$71,250	=	D $4,200

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (35d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $20, B $0.05	$2,571/yr	$13,325/yr	DEFICIT $896/mo
CC at MID $18 0.6σ, B $0.58	$29,829/yr	$13,325/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at MID ($18, bid $0.58). Self-funds in BOTH normal and 0% drawdown. At SS the position bleeds, so don't drift too far OTM.

IREN (Neville): HP 21P Maintenance Roll-Out · exp Aug 21 '26, 42d

Stock: $42.49 Current HP: 21P (42d, 50.6% OTM) Current hedge: $10,950/yr Current ML: $94,000 CC income: $135,836/yr Cost cap: 25% of CC = $33,959/yr IV: HIGH 21 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 21 → 21P (Oct 16 '26, 98d, 50.6% OTM) | Cost: $11,695/yr (9% of CC) | New ML: $94,000 = ML | Roll DEBIT $2,540 | Margin (TIMS): $1,894

PROTECTIVE PICK (lowest ML within cost cap): HP 21 → 31P (Oct 16 '26, 98d, 27.0% OTM) | Cost: $32,031/yr (24% of CC) | New ML: $74,000 ↓ $20,000 | Roll DEBIT $8,000 | Margin (TIMS): $1,672

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	21 CHEAP	Oct 16	98d	50.6%	$0.93	$1.57	$11,695	9%	$94,000	=	D $2,540
2	21	Sep 18	70d	50.6%	$0.54	$1.13	$11,784	9%	$94,000	=	D $1,660
3	22	Oct 16	98d	48.2%	$1.17	$1.60	$11,918	9%	$92,000	-$2,000	D $2,600
4	22	Sep 18	70d	48.2%	$0.86	$1.20	$12,514	9%	$92,000	-$2,000	D $1,800
5	23	Sep 18	70d	45.9%	$1.07	$1.28	$13,349	10%	$90,000	-$4,000	D $1,960
6	23	Oct 16	98d	45.9%	$1.28	$1.96	$14,600	11%	$90,000	-$4,000	D $3,320
7	24	Sep 18	70d	43.5%	$1.21	$1.47	$15,330	11%	$88,000	-$6,000	D $2,340
8	24	Oct 16	98d	43.5%	$1.50	$2.17	$16,164	12%	$88,000	-$6,000	D $3,740
9	25	Sep 18	70d	41.2%	$1.51	$1.66	$17,311	13%	$86,000	-$8,000	D $2,720
10	25	Oct 16	98d	41.2%	$2.05	$2.36	$17,580	13%	$86,000	-$8,000	D $4,120
11	26	Oct 16	98d	38.8%	$2.04	$2.73	$20,336	15%	$84,000	-$10,000	D $4,860
12	26	Sep 18	70d	38.8%	$1.58	$2.02	$21,066	16%	$84,000	-$10,000	D $3,440
▶ 13	31 PROT	Oct 16	98d	27.0%	$3.55	$4.30	$32,031	24%	$74,000	-$20,000	D $8,000

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (35d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $53, B $2.37	$48,754/yr	$11,695/yr	SELF-FUNDING
CC at MID $53 0.6σ, B $2.37	$48,754/yr	$11,695/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($53, bid $2.37). Conservative far-OTM strike covers the hedge in BOTH normal and 0% drawdown — minimal assignment risk.

INTC: HP 35P Maintenance Roll-Out · exp Aug 21 '26, 42d

Stock: $112.42 Current HP: 35P (42d, 68.9% OTM) Current hedge: $304/yr Current ML: $47,000 CC income: $67,457/yr Cost cap: 25% of CC = $16,864/yr IV: HIGH 59 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 35 → 35P (Sep 18 '26, 70d, 68.9% OTM) | Cost: $495/yr (1% of CC) | New ML: $47,000 = ML | Roll DEBIT $85 | Margin (TIMS): $3,236

PROTECTIVE PICK (lowest ML within cost cap): HP 35 → 88P (Oct 16 '26, 98d, 22.2% OTM) | Cost: $15,177/yr (22% of CC) | New ML: $20,750 ↓ $26,250 | Roll DEBIT $4,065 | Margin (TIMS): $2,434

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	35 CHEAP	Sep 18	70d	68.9%	$0.10	$0.19	$495	1%	$47,000	=	D $85
2	36	Sep 18	70d	68.0%	$0.08	$0.22	$574	1%	$46,500	-$500	D $100
3	40	Sep 18	70d	64.4%	$0.17	$0.22	$574	1%	$44,500	-$2,500	D $100
4	37	Sep 18	70d	67.1%	$0.11	$0.23	$600	1%	$46,000	-$1,000	D $105
5	39	Sep 18	70d	65.3%	$0.17	$0.23	$600	1%	$45,000	-$2,000	D $105
6	35	Oct 16	98d	68.9%	$0.18	$0.36	$670	1%	$47,000	=	D $170
7	39	Oct 16	98d	65.3%	$0.28	$0.39	$726	1%	$45,000	-$2,000	D $185
8	40	Oct 16	98d	64.4%	$0.31	$0.42	$782	1%	$44,500	-$2,500	D $200
9	38	Sep 18	70d	66.2%	$0.04	$0.31	$808	1%	$45,500	-$1,500	D $145
10	42	Sep 18	70d	62.6%	$0.20	$0.34	$886	1%	$43,500	-$3,500	D $160
11	44	Sep 18	70d	60.9%	$0.27	$0.36	$939	1%	$42,500	-$4,500	D $170
12	41	Sep 18	70d	63.5%	$0.09	$0.37	$965	1%	$44,000	-$3,000	D $175
▶ 13	88 PROT	Oct 16	98d	22.2%	$7.90	$8.15	$15,177	22%	$20,750	-$26,250	D $4,065

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (35d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $117, B $11.20	$57,600/yr	$495/yr	SELF-FUNDING
CC at MID $130 0.4σ, B $7.15	$36,771/yr	$495/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($117, bid $11.20). Conservative far-OTM strike covers the hedge in BOTH normal and 0% drawdown — minimal assignment risk.

HP roll-downs do not change Safe Strike. SS = Max(LC+ND, (LC+SP+ND)/2). HP is not in the formula.

Monthly hedge cost prorated: (30/DTE) × (Ask × Shares). Payback = ML increase / Annual savings.

EST = ask price estimated as mid × 1.10 (10% safety buffer). Verify with live prices before executing.

Always prefer longest viable DTE for repair rolls (fewer rolls/yr = lower annual cost).