Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

Payback gate: 12mo (1.0yr)
SS = Max(LC+ND, (LC+SP+ND)/2)

TOTAL HEDGE (CURRENT)

$18,428/yr

TOTAL HEDGE (CHEAPEST)

$22,375/yr

Δ HEDGE (CHEAPEST vs CURRENT)

+$3,947/yr

ROLL DEBIT (CHEAPEST)

-$7,210

MAX LOSS REDUCTION (PROTECTIVE)

-$46,750

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	$15.06	10	18	10	0	$17.13	$19.68	8	2.28x	33.6%	SAFE	50	$31,250	$75,300	ROLL NOW (41d)
INTC → +85C −100P +35P	$110.14	85	100	35	0	$114.00	$117.07	65	3.24x	68.2%	SAFE	5	$14,500	$55,070	ROLL NOW (41d)
IREN (Neville) → +45C −65P +21P −50C	$41.49	45	65	21	50	$56.50	$59.01	44	15.67x	49.4%	SAFE	20	$6,000	$82,980	ROLL NOW (41d)
GOOG (Joint) +310C	$354.17	310	0	0	0	$392.50	$338.83	0	1.00x	0.0%	N/A	5	$41,250	$177,085	LEAPS-ONLY
GOOG (Main) +310C	$354.17	310	0	0	0	$392.50	$338.83	0	1.00x	0.0%	N/A	10	$82,500	$354,170	LEAPS-ONLY
IGV +70C −100C	$92.45	70	0	0	100	$96.50	$87.33	0	1.00x	0.0%	N/A	12	$31,800	$110,946	LEAPS-ONLY
SPY +640C −760C	$755.15	640	0	0	760	$764.00	$694.09	0	1.00x	0.0%	N/A	12	$148,800	$906,180	LEAPS-ONLY
AMZN +215C −260P +230P	$245.25	215	260	230	0	$256.25	$238.83	30	1.80x	6.2%	OK	10	$37,500	$245,250	OK
APP +460C −540P +185P −600C	$507.34	460	540	185	600	$588.00	$605.04	355	3.77x	63.5%	SAFE	1	$12,800	$50,734	OK
CLSK +17C −17P +10P	$12.86	17	17	10	0	$20.74	$17.29	7	2.87x	22.2%	SAFE	25	$9,350	$32,150	OK
COIN (Main) +165C −240P +85P	$159.81	165	240	85	0	$210.90	$217.86	155	10.23x	46.8%	SAFE	8	$13,440	$127,848	OK
COIN (RetireInc) +145C −200P +75P	$159.81	145	200	75	0	$182.40	$188.08	125	7.31x	53.1%	SAFE	3	$5,940	$47,943	OK
COPX +65C −90P +68P −82C	$76.62	65	90	68	82	$93.40	$94.37	22	1.77x	11.3%	SAFE	20	$56,800	$153,250	OK
CRWV +105C −120P +40P −100C	$89.12	105	120	40	100	$125.45	$128.68	80	4.91x	55.1%	SAFE	5	$10,225	$44,562	OK
DELL +340C −390P +150P −480C	$439.02	340	390	150	480	$398.00	$408.90	240	5.14x	65.8%	SAFE	3	$17,400	$131,707	OK
ENPH +45C −60P +20P −50C	$45.05	45	60	20	50	$56.15	$58.55	40	6.48x	55.6%	SAFE	10	$7,300	$45,055	OK
ETHA +13C −16P +10P	$13.54	13	16	10	0	$17.33	$17.98	6	2.39x	26.2%	SAFE	50	$21,650	$67,725	OK
GLD +320C −450P +330P −390C	$376.37	320	450	330	390	$456.00	$472.36	120	1.88x	12.3%	SAFE	10	$136,000	$376,370	OK
GLXY +38C −38P +18P −30C	$24.97	38	38	18	30	$39.71	$33.87	20	10.05x	29.9%	SAFE	125	$27,625	$312,125	OK
GOOG (Neville) +300C −345P +310P	$354.17	300	345	310	0	$373.00	$337.60	35	1.48x	12.5%	SAFE	15	$109,500	$531,255	OK
GOOG (Neville) +340C −405P +360P	$354.17	340	405	360	0	$398.00	$374.19	45	1.88x	-1.6%	ITM	5	$25,500	$177,085	OK
HIMS +10C −20P +5P −48C	$34.62	10	20	5	48	$17.47	$19.34	15	4.04x	85.6%	SAFE	15	$7,395	$51,938	OK
IREN (Joint) +25C −47P +35P −50C	$41.49	25	47	35	50	$44.00	$48.52	12	1.75x	15.6%	SAFE	20	$32,000	$82,980	OK
IREN (Main) +25C −47P +35P −50C	$41.49	25	47	35	50	$44.00	$48.52	12	1.75x	15.6%	SAFE	20	$32,000	$82,980	OK
IREN (RetireInc) +50C −70P +23P −50C	$41.49	50	70	23	50	$63.43	$67.44	47	7.86x	44.6%	SAFE	20	$13,700	$82,980	OK
MDB +270C −340P +150P −410C	$341.06	270	340	150	410	$362.90	$378.85	190	3.05x	56.0%	SAFE	1	$9,290	$34,106	OK
META +480C −650P +330P −630C	$664.11	480	650	330	630	$601.50	$601.74	320	5.38x	50.3%	SAFE	3	$21,900	$199,233	OK
MSTR +125C −185P +55P	$94.63	125	185	55	0	$161.00	$167.95	130	11.83x	41.9%	SAFE	4	$4,800	$37,852	OK
MU (Main) +880C −1010P +320P −1155C	$989.53	880	1010	320	1155	$1028.60	$1054.01	690	5.64x	67.7%	SAFE	5	$74,300	$494,768	OK
MU (Neville) +970C −1110P +370P −1155C	$989.53	970	1110	370	1155	$1220.00	$1243.89	740	3.96x	62.6%	SAFE	2	$50,000	$197,907	OK
NEM +88C −105P +75P −100C	$95.47	88	105	75	100	$114.54	$118.57	30	2.11x	21.4%	SAFE	5	$13,520	$47,735	OK
NOW +80C −110P +90P	$107.52	80	110	90	0	$108.93	$112.18	20	1.72x	16.3%	SAFE	10	$27,850	$107,520	OK
NVDA +140C −175P +70P −225C	$209.90	140	175	70	225	$199.60	$202.75	105	2.76x	66.7%	SAFE	5	$29,800	$104,950	OK
QCOM +190C −210P +90P	$188.82	190	210	90	0	$224.00	$228.38	120	4.53x	52.3%	SAFE	5	$17,000	$94,410	OK
RIOT +17C −40P +17P −24C	$21.20	17	40	17	24	$23.65	$31.90	23	6.48x	19.8%	SAFE	50	$21,000	$106,000	OK
RKLB +115C −135P +45P	$81.31	115	135	45	0	$141.55	$148.19	90	4.39x	44.7%	SAFE	6	$15,930	$48,783	OK
SOFI +10C −13P +5P −23C	$18.78	10	13	5	23	$15.75	$16.13	8	2.39x	73.4%	SAFE	35	$20,125	$65,730	OK
SPCX +150C −195P +135P −175C	$147.71	150	195	135	175	$186.00	$183.25	60	3.22x	8.6%	OK	5	$13,500	$73,854	OK

BMNR: HP 10P Maintenance Roll-Out · exp Aug 21 '26, 41d

Stock: $15.06 Current HP: 10P (41d, 33.6% OTM) Current hedge: $7,122/yr Current ML: $71,250 CC income: $69,380/yr Cost cap: 25% of CC = $17,345/yr IV: HIGH 3 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 10 → 10P (Jan 15 '27, 188d, 33.6% OTM) | Cost: $11,164/yr (16% of CC) | New ML: $71,250 = ML | Roll DEBIT $5,100 | Margin (TIMS): $842

PROTECTIVE PICK (lowest ML within cost cap): HP 10 → 11P (Nov 20 '26, 132d, 27.0% OTM) | Cost: $15,623/yr (23% of CC) | New ML: $66,250 ↓ $5,000 | Roll DEBIT $5,000 | Margin (TIMS): $759

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	10 CHEAP	Jan 15	188d	33.6%	$1.07	$1.15	$11,164	16%	$71,250	=	D $5,100
2	10	Nov 20	132d	33.6%	$0.73	$0.83	$11,475	17%	$71,250	=	D $3,500
▶ 3	11 PROT	Nov 20	132d	27.0%	$1.00	$1.13	$15,623	23%	$66,250	-$5,000	D $5,000

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (34d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $20, B $0.23	$12,176/yr	$11,164/yr	SELF-FUNDING
CC at MID $18 0.7σ, B $0.58	$30,706/yr	$11,164/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($20, bid $0.23). Conservative far-OTM strike covers the hedge in BOTH normal and 0% drawdown — minimal assignment risk.

IREN (Neville): HP 21P Maintenance Roll-Out · exp Aug 21 '26, 41d

Stock: $41.49 Current HP: 21P (41d, 49.4% OTM) Current hedge: $11,039/yr Current ML: $94,000 CC income: $126,433/yr Cost cap: 25% of CC = $31,608/yr IV: HIGH 19 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 21 → 21P (Oct 16 '26, 97d, 49.4% OTM) | Cost: $10,762/yr (9% of CC) | New ML: $94,000 = ML | Roll DEBIT $2,040 | Margin (TIMS): $1,860

PROTECTIVE PICK (lowest ML within cost cap): HP 21 → 30P (Oct 16 '26, 97d, 27.7% OTM) | Cost: $30,479/yr (24% of CC) | New ML: $76,000 ↓ $18,000 | Roll DEBIT $7,280 | Margin (TIMS): $1,649

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	21 CHEAP	Oct 16	97d	49.4%	$1.20	$1.43	$10,762	9%	$94,000	=	D $2,040
2	21	Sep 18	69d	49.4%	$0.82	$1.12	$11,849	9%	$94,000	=	D $1,420
3	22	Oct 16	97d	47.0%	$1.41	$1.66	$12,493	10%	$92,000	-$2,000	D $2,500
4	22	Sep 18	69d	47.0%	$0.91	$1.28	$13,542	11%	$92,000	-$2,000	D $1,740
5	23	Oct 16	97d	44.6%	$1.52	$2.00	$15,052	12%	$90,000	-$4,000	D $3,180
6	23	Sep 18	69d	44.6%	$1.09	$1.52	$16,081	13%	$90,000	-$4,000	D $2,220
7	24	Oct 16	97d	42.2%	$1.87	$2.15	$16,180	13%	$88,000	-$6,000	D $3,480
8	24	Sep 18	69d	42.2%	$1.20	$1.66	$17,562	14%	$88,000	-$6,000	D $2,500
9	25	Oct 16	97d	39.7%	$2.05	$2.38	$17,911	14%	$86,000	-$8,000	D $3,940
10	25	Sep 18	69d	39.7%	$1.56	$1.75	$18,514	15%	$86,000	-$8,000	D $2,680
11	26	Oct 16	97d	37.3%	$2.38	$2.91	$21,900	17%	$84,000	-$10,000	D $5,000
12	26	Sep 18	69d	37.3%	$1.71	$2.12	$22,429	18%	$84,000	-$10,000	D $3,420
▶ 13	30 PROT	Oct 16	97d	27.7%	$3.80	$4.05	$30,479	24%	$76,000	-$18,000	D $7,280

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (34d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $60, B $1.30	$27,529/yr	$10,762/yr	SELF-FUNDING
CC at MID $53 0.7σ, B $2.23	$47,224/yr	$10,762/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($60, bid $1.30). 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, 41d

Stock: $110.14 Current HP: 35P (41d, 68.2% OTM) Current hedge: $267/yr Current ML: $47,000 CC income: $50,953/yr Cost cap: 25% of CC = $12,738/yr IV: HIGH 54 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 35 → 39P (Sep 18 '26, 69d, 64.6% OTM) | Cost: $450/yr (1% of CC) | New ML: $45,000 ↓ $2,000 | Roll DEBIT $70 | Margin (TIMS): $3,065

PROTECTIVE PICK (lowest ML within cost cap): HP 35 → 82P (Oct 16 '26, 97d, 25.1% OTM) | Cost: $12,135/yr (24% of CC) | New ML: $23,250 ↓ $23,750 | Roll DEBIT $3,210 | Margin (TIMS): $2,580

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	39 CHEAP	Sep 18	69d	64.6%	$0.14	$0.17	$450	1%	$45,000	-$2,000	D $70
2	35	Sep 18	69d	68.2%	$0.11	$0.19	$503	1%	$47,000	=	D $80
3	35	Oct 16	97d	68.2%	$0.16	$0.28	$527	1%	$47,000	=	D $125
4	36	Sep 18	69d	67.3%	$0.06	$0.21	$555	1%	$46,500	-$500	D $90
5	37	Sep 18	69d	66.4%	$0.07	$0.22	$582	1%	$46,000	-$1,000	D $95
6	38	Sep 18	69d	65.5%	$0.10	$0.24	$635	1%	$45,500	-$1,500	D $105
7	40	Sep 18	69d	63.7%	$0.16	$0.24	$635	1%	$44,500	-$2,500	D $105
8	39	Oct 16	97d	64.6%	$0.24	$0.43	$809	2%	$45,000	-$2,000	D $200
9	42	Sep 18	69d	61.9%	$0.18	$0.32	$846	2%	$43,500	-$3,500	D $145
10	40	Oct 16	97d	63.7%	$0.28	$0.46	$865	2%	$44,500	-$2,500	D $215
11	43	Sep 18	69d	61.0%	$0.20	$0.35	$926	2%	$43,000	-$4,000	D $160
12	44	Sep 18	69d	60.1%	$0.22	$0.37	$979	2%	$42,500	-$4,500	D $170
▶ 13	82 PROT	Oct 16	97d	25.1%	$6.10	$6.45	$12,135	24%	$23,250	-$23,750	D $3,210

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (34d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $118, B $9.10	$48,176/yr	$450/yr	SELF-FUNDING
CC at MID $127 0.4σ, B $6.40	$33,882/yr	$450/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($118, bid $9.10). 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).