Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$21,713/yr

TOTAL HEDGE (CHEAPEST)

$23,950/yr

Δ HEDGE (CHEAPEST vs CURRENT)

+$2,237/yr

ROLL DEBIT (CHEAPEST)

-$6,660

MAX LOSS REDUCTION (PROTECTIVE)

-$47,250

PORTFOLIO ACTION SUMMARY · 41 positions

3 · ROLL NOW4 · LEAPS-ONLY34 · 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	$14.94	10	18	10	0	$17.13	$19.40	8	2.28x	33.1%	SAFE	50	$31,250	$74,700	ROLL NOW (39d)
INTC → +85C −100P +35P	$106.85	85	100	35	0	$114.00	$114.24	65	3.24x	67.2%	SAFE	5	$14,500	$53,425	ROLL NOW (39d)
IREN (Neville) → +45C −65P +21P −50C	$40.41	45	65	21	50	$56.50	$58.31	44	15.67x	48.0%	SAFE	20	$6,000	$80,820	ROLL NOW (39d)
GOOG (Joint) +310C	$355.74	310	0	0	0	$392.50	$339.59	0	1.00x	0.0%	N/A	5	$41,250	$177,870	LEAPS-ONLY
GOOG (Main) +310C	$355.74	310	0	0	0	$392.50	$339.59	0	1.00x	0.0%	N/A	10	$82,500	$355,739	LEAPS-ONLY
IGV +70C −100C	$92.98	70	0	0	100	$96.50	$86.81	0	1.00x	0.0%	N/A	12	$31,800	$111,576	LEAPS-ONLY
SPY +640C −760C	$752.61	640	0	0	760	$764.00	$690.78	0	1.00x	0.0%	N/A	12	$148,800	$903,126	LEAPS-ONLY
AMZN +215C −260P +230P	$245.94	215	260	230	0	$256.25	$239.40	30	1.80x	6.5%	OK	10	$37,500	$245,940	OK
APP +460C −540P +185P −600C	$508.88	460	540	185	600	$588.00	$606.92	355	3.77x	63.6%	SAFE	1	$12,800	$50,888	OK
CLSK +17C −17P +10P	$12.46	17	17	10	0	$20.74	$16.78	7	2.87x	19.7%	SAFE	25	$9,350	$31,150	OK
COIN (Main) +165C −240P +85P	$156.97	165	240	85	0	$210.90	$215.65	155	10.23x	45.8%	SAFE	8	$13,440	$125,576	OK
COIN (RetireInc) +145C −200P +75P	$156.97	145	200	75	0	$182.40	$188.55	125	7.31x	52.2%	SAFE	3	$5,940	$47,091	OK
COPX +65C −90P +68P −82C	$76.22	65	90	68	82	$93.40	$94.02	22	1.77x	10.8%	SAFE	20	$56,800	$152,440	OK
CRWV +105C −120P +40P −100C	$86.67	105	120	40	100	$125.45	$126.44	80	4.91x	53.8%	SAFE	5	$10,225	$43,335	OK
DELL +340C −390P +150P −480C	$426.00	340	390	150	480	$398.00	$400.23	240	5.14x	64.8%	SAFE	3	$17,400	$127,800	OK
ENPH +45C −60P +20P −50C	$44.22	45	60	20	50	$56.15	$57.96	40	6.48x	54.8%	SAFE	10	$7,300	$44,220	OK
ETHA +13C −16P +10P	$13.47	13	16	10	0	$17.33	$17.98	6	2.39x	25.8%	SAFE	50	$21,650	$67,350	OK
GLD +320C −450P +330P −390C	$374.26	320	450	330	390	$456.00	$467.86	120	1.88x	11.8%	SAFE	10	$136,000	$374,260	OK
GLXY +38C −38P +18P −30C	$24.40	38	38	18	30	$39.71	$31.58	20	10.05x	28.3%	SAFE	125	$27,625	$305,000	OK
GOOG (Neville) +300C −345P +310P	$355.74	300	345	310	0	$373.00	$337.26	35	1.48x	12.9%	SAFE	15	$109,500	$533,609	OK
GOOG (Neville) +340C −405P +360P	$355.74	340	405	360	0	$398.00	$375.69	45	1.88x	-1.2%	ITM	5	$25,500	$177,870	OK
HIMS +10C −20P +5P −48C	$33.89	10	20	5	48	$17.47	$18.90	15	4.04x	85.2%	SAFE	15	$7,395	$50,835	OK
IREN (Joint) +25C −47P +35P −50C	$40.41	25	47	35	50	$44.00	$48.15	12	1.75x	13.4%	SAFE	20	$32,000	$80,820	OK
IREN (Main) +25C −47P +35P −50C	$40.41	25	47	35	50	$44.00	$48.15	12	1.75x	13.4%	SAFE	20	$32,000	$80,820	OK
IREN (RetireInc) +50C −70P +23P −50C	$40.41	50	70	23	50	$63.43	$66.75	47	7.86x	43.1%	SAFE	20	$13,700	$80,820	OK
MARA (Joint) +20C −17P +10P	$12.48	20	17	10	0	$24.33	$18.98	7	2.62x	19.9%	SAFE	50	$21,650	$62,400	OK
MARA (Main) +20C −25P +15P	$12.48	20	25	15	0	$22.69	$18.15	10	27.32x	-20.2%	ITM	200	$7,600	$249,600	OK
MARA (Neville) +25C −15P +13P	$12.48	25	15	13	0	$26.40	$13.94	2	2.43x	-4.2%	ITM	250	$35,000	$312,000	OK
MDB +270C −340P +150P −410C	$343.37	270	340	150	410	$362.90	$380.49	190	3.05x	56.3%	SAFE	1	$9,290	$34,337	OK
META +480C −650P +330P −630C	$666.53	480	650	330	630	$601.50	$601.76	320	5.38x	50.5%	SAFE	3	$21,900	$199,959	OK
MSTR +125C −185P +55P	$93.05	125	185	55	0	$161.00	$165.68	130	11.83x	40.9%	SAFE	4	$4,800	$37,220	OK
MU (Main) +880C −1010P +320P −1155C	$925.53	880	1010	320	1155	$1028.60	$999.28	690	5.64x	65.4%	SAFE	5	$74,300	$462,765	OK
MU (Neville) +970C −1110P +370P −1155C	$925.53	970	1110	370	1155	$1220.00	$1190.59	740	3.96x	60.0%	SAFE	2	$50,000	$185,106	OK
NEM +88C −105P +75P −100C	$93.72	88	105	75	100	$114.54	$116.90	30	2.11x	20.0%	SAFE	5	$13,520	$46,860	OK
NOW +80C −110P +90P	$109.07	80	110	90	0	$108.93	$113.38	20	1.72x	17.5%	SAFE	10	$27,850	$109,070	OK
NVDA +140C −175P +70P −225C	$206.97	140	175	70	225	$199.60	$199.44	105	2.76x	66.2%	SAFE	5	$29,800	$103,485	OK
QCOM +190C −210P +90P	$184.74	190	210	90	0	$224.00	$222.78	120	4.53x	51.3%	SAFE	5	$17,000	$92,370	OK
RIOT +17C −40P +17P −24C	$20.65	17	40	17	24	$23.65	$30.99	23	7.30x	17.7%	SAFE	50	$18,250	$103,250	OK
RKLB +115C −135P +45P	$79.97	115	135	45	0	$141.55	$154.47	90	4.39x	43.7%	SAFE	6	$15,930	$47,982	OK
SOFI +10C −13P +5P −23C	$18.80	10	13	5	23	$15.75	$16.34	8	2.39x	73.4%	SAFE	35	$20,125	$65,800	OK
SPCX +150C −195P +135P −175C	$143.80	150	195	135	175	$186.00	$181.12	60	3.22x	6.1%	OK	5	$13,500	$71,900	OK

BMNR: HP 10P Maintenance Roll-Out · exp Aug 21 '26, 39d

Stock: $14.94 Current HP: 10P (39d, 33.1% OTM) Current hedge: $7,487/yr Current ML: $71,250 CC income: $66,076/yr Cost cap: 25% of CC = $16,519/yr IV: HIGH 3 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 10 → 10P (Jan 15 '27, 186d, 33.1% OTM) | Cost: $11,284/yr (17% of CC) | New ML: $71,250 = ML | Roll DEBIT $5,150 | Margin: n/a (RTH)

PROTECTIVE PICK (lowest ML within cost cap): HP 10 → 11P (Nov 20 '26, 130d, 26.4% OTM) | Cost: $16,004/yr (24% of CC) | New ML: $66,250 ↓ $5,000 | Roll DEBIT $5,100 | Margin: n/a (RTH)

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	10 CHEAP	Jan 15	186d	33.1%	$1.02	$1.15	$11,284	17%	$71,250	=	D $5,150
2	10	Nov 20	130d	33.1%	$0.62	$0.88	$12,354	19%	$71,250	=	D $3,800
▶ 3	11 PROT	Nov 20	130d	26.4%	$1.00	$1.14	$16,004	24%	$66,250	-$5,000	D $5,100

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $20, B $0.27	$15,188/yr	$11,284/yr	SELF-FUNDING
CC at MID $18 0.6σ, B $0.39	$21,938/yr	$11,284/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($20, bid $0.27). 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, 39d

Stock: $40.41 Current HP: 21P (39d, 48.0% OTM) Current hedge: $13,851/yr Current ML: $94,000 CC income: $126,459/yr Cost cap: 25% of CC = $31,615/yr IV: HIGH 18 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 21 → 21P (Sep 18 '26, 67d, 48.0% OTM) | Cost: $12,203/yr (10% of CC) | New ML: $94,000 = ML | Roll DEBIT $1,440 | Margin: n/a (RTH)

PROTECTIVE PICK (lowest ML within cost cap): HP 21 → 29P (Oct 16 '26, 95d, 28.2% OTM) | Cost: $28,816/yr (23% of CC) | New ML: $78,000 ↓ $16,000 | Roll DEBIT $6,700 | Margin: n/a (RTH)

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	21 CHEAP	Sep 18	67d	48.0%	$0.82	$1.12	$12,203	10%	$94,000	=	D $1,440
2	21	Oct 16	95d	48.0%	$1.00	$1.63	$12,525	10%	$94,000	=	D $2,460
3	22	Oct 16	95d	45.6%	$1.31	$1.70	$13,063	10%	$92,000	-$2,000	D $2,600
4	22	Sep 18	67d	45.6%	$0.91	$1.28	$13,946	11%	$92,000	-$2,000	D $1,760
5	23	Oct 16	95d	43.1%	$1.52	$2.00	$15,368	12%	$90,000	-$4,000	D $3,200
6	24	Oct 16	95d	40.6%	$1.87	$2.15	$16,521	13%	$88,000	-$6,000	D $3,500
7	23	Sep 18	67d	43.1%	$1.08	$1.53	$16,670	13%	$90,000	-$4,000	D $2,260
8	24	Sep 18	67d	40.6%	$1.20	$1.66	$18,087	14%	$88,000	-$6,000	D $2,520
9	25	Oct 16	95d	38.1%	$2.05	$2.47	$18,980	15%	$86,000	-$8,000	D $4,140
10	25	Sep 18	67d	38.1%	$1.56	$1.75	$19,067	15%	$86,000	-$8,000	D $2,700
11	26	Oct 16	95d	35.7%	$2.38	$2.91	$22,361	18%	$84,000	-$10,000	D $5,020
12	26	Sep 18	67d	35.7%	$1.71	$2.12	$23,099	18%	$84,000	-$10,000	D $3,440
▶ 13	29 PROT	Oct 16	95d	28.2%	$3.30	$3.75	$28,816	23%	$78,000	-$16,000	D $6,700

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $60, B $1.07	$24,075/yr	$12,203/yr	SELF-FUNDING
CC at MID $51 0.6σ, B $2.09	$47,025/yr	$12,203/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($60, bid $1.07). 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, 39d

Stock: $106.85 Current HP: 35P (39d, 67.2% OTM) Current hedge: $374/yr Current ML: $47,000 CC income: $65,365/yr Cost cap: 25% of CC = $16,341/yr IV: HIGH 58 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 35 → 39P (Sep 18 '26, 67d, 63.5% OTM) | Cost: $463/yr (1% of CC) | New ML: $45,000 ↓ $2,000 | Roll DEBIT $70 | Margin: n/a (RTH)

PROTECTIVE PICK (lowest ML within cost cap): HP 35 → 88P (Oct 16 '26, 95d, 18.1% OTM) | Cost: $15,849/yr (24% of CC) | New ML: $20,750 ↓ $26,250 | Roll DEBIT $4,110 | Margin: n/a (RTH)

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	39 CHEAP	Sep 18	67d	63.5%	$0.11	$0.17	$463	1%	$45,000	-$2,000	D $70
2	35	Sep 18	67d	67.2%	$0.11	$0.20	$545	1%	$47,000	=	D $85
3	36	Sep 18	67d	66.3%	$0.06	$0.21	$572	1%	$46,500	-$500	D $90
4	37	Sep 18	67d	65.4%	$0.07	$0.23	$626	1%	$46,000	-$1,000	D $100
5	35	Oct 16	95d	67.2%	$0.12	$0.33	$634	1%	$47,000	=	D $150
6	38	Sep 18	67d	64.4%	$0.10	$0.24	$654	1%	$45,500	-$1,500	D $105
7	40	Sep 18	67d	62.6%	$0.15	$0.24	$654	1%	$44,500	-$2,500	D $105
8	39	Oct 16	95d	63.5%	$0.24	$0.43	$826	1%	$45,000	-$2,000	D $200
9	42	Sep 18	67d	60.7%	$0.18	$0.32	$872	1%	$43,500	-$3,500	D $145
10	40	Oct 16	95d	62.6%	$0.25	$0.48	$922	1%	$44,500	-$2,500	D $225
11	43	Sep 18	67d	59.8%	$0.20	$0.35	$953	1%	$43,000	-$4,000	D $160
12	44	Sep 18	67d	58.8%	$0.22	$0.37	$1,008	2%	$42,500	-$4,500	D $170
▶ 13	88 PROT	Oct 16	95d	18.1%	$7.75	$8.25	$15,849	24%	$20,750	-$26,250	D $4,110

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $115, B $10.15	$57,094/yr	$463/yr	SELF-FUNDING
CC at MID $124 0.4σ, B $7.05	$39,656/yr	$463/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($115, bid $10.15). 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).