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	$14.80	10	18	10	0	$17.13	$19.27	8	2.28x	32.4%	SAFE	50	$31,250	$74,000	ROLL NOW (39d)
INTC → +85C −100P +35P	$106.94	85	100	35	0	$114.00	$114.33	65	3.24x	67.3%	SAFE	5	$14,500	$53,470	ROLL NOW (39d)
IREN (Neville) → +45C −65P +21P −50C	$40.35	45	65	21	50	$56.50	$58.25	44	15.67x	48.0%	SAFE	20	$6,000	$80,694	ROLL NOW (39d)
GOOG (Joint) +310C	$353.61	310	0	0	0	$392.50	$337.36	0	1.00x	0.0%	N/A	5	$41,250	$176,805	LEAPS-ONLY
GOOG (Main) +310C	$353.61	310	0	0	0	$392.50	$337.36	0	1.00x	0.0%	N/A	10	$82,500	$353,610	LEAPS-ONLY
IGV +70C −100C	$92.80	70	0	0	100	$96.50	$86.62	0	1.00x	0.0%	N/A	12	$31,800	$111,360	LEAPS-ONLY
SPY +640C −760C	$752.80	640	0	0	760	$764.00	$690.99	0	1.00x	0.0%	N/A	12	$148,800	$903,354	LEAPS-ONLY
AMZN +215C −260P +230P	$244.54	215	260	230	0	$256.25	$237.97	30	1.80x	5.9%	OK	10	$37,500	$244,540	OK
APP +460C −540P +185P −600C	$507.00	460	540	185	600	$588.00	$605.04	355	3.77x	63.5%	SAFE	1	$12,800	$50,700	OK
CLSK +17C −17P +10P	$12.49	17	17	10	0	$20.74	$16.81	7	2.87x	19.9%	SAFE	25	$9,350	$31,225	OK
COIN (Main) +165C −240P +85P	$157.34	165	240	85	0	$210.90	$216.01	155	10.23x	46.0%	SAFE	8	$13,440	$125,872	OK
COIN (RetireInc) +145C −200P +75P	$157.34	145	200	75	0	$182.40	$188.92	125	7.31x	52.3%	SAFE	3	$5,940	$47,202	OK
COPX +65C −90P +68P −82C	$75.98	65	90	68	82	$93.40	$93.80	22	1.77x	10.5%	SAFE	20	$56,800	$151,960	OK
CRWV +105C −120P +40P −100C	$87.35	105	120	40	100	$125.45	$127.11	80	4.91x	54.2%	SAFE	5	$10,225	$43,677	OK
DELL +340C −390P +150P −480C	$428.69	340	390	150	480	$398.00	$402.92	240	5.14x	65.0%	SAFE	3	$17,400	$128,608	OK
ENPH +45C −60P +20P −50C	$44.08	45	60	20	50	$56.15	$57.82	40	6.48x	54.6%	SAFE	10	$7,300	$44,080	OK
ETHA +13C −16P +10P	$13.43	13	16	10	0	$17.33	$17.94	6	2.39x	25.5%	SAFE	50	$21,650	$67,150	OK
GLD +320C −450P +330P −390C	$372.94	320	450	330	390	$456.00	$466.51	120	1.88x	11.5%	SAFE	10	$136,000	$372,940	OK
GLXY +38C −38P +18P −30C	$24.35	38	38	18	30	$39.71	$31.53	20	10.05x	28.1%	SAFE	125	$27,625	$304,375	OK
GOOG (Neville) +300C −345P +310P	$353.61	300	345	310	0	$373.00	$335.05	35	1.48x	12.3%	SAFE	15	$109,500	$530,415	OK
GOOG (Neville) +340C −405P +360P	$353.61	340	405	360	0	$398.00	$373.70	45	1.88x	-1.8%	ITM	5	$25,500	$176,805	OK
HIMS +10C −20P +5P −48C	$34.06	10	20	5	48	$17.47	$19.06	15	4.04x	85.3%	SAFE	15	$7,395	$51,098	OK
IREN (Joint) +25C −47P +35P −50C	$40.35	25	47	35	50	$44.00	$48.09	12	1.75x	13.3%	SAFE	20	$32,000	$80,694	OK
IREN (Main) +25C −47P +35P −50C	$40.35	25	47	35	50	$44.00	$48.09	12	1.75x	13.3%	SAFE	20	$32,000	$80,694	OK
IREN (RetireInc) +50C −70P +23P −50C	$40.35	50	70	23	50	$63.43	$66.69	47	7.86x	43.0%	SAFE	20	$13,700	$80,694	OK
MARA (Joint) +20C −17P +10P	$12.44	20	17	10	0	$24.33	$18.94	7	2.62x	19.6%	SAFE	50	$21,650	$62,200	OK
MARA (Main) +20C −25P +15P	$12.44	20	25	15	0	$22.69	$18.11	10	27.32x	-20.6%	ITM	200	$7,600	$248,800	OK
MARA (Neville) +25C −15P +13P	$12.44	25	15	13	0	$26.40	$13.90	2	2.43x	-4.5%	ITM	250	$35,000	$311,000	OK
MDB +270C −340P +150P −410C	$344.87	270	340	150	410	$362.90	$381.99	190	3.05x	56.5%	SAFE	1	$9,290	$34,487	OK
META +480C −650P +330P −630C	$664.40	480	650	330	630	$601.50	$599.66	320	5.38x	50.3%	SAFE	3	$21,900	$199,320	OK
MSTR +125C −185P +55P	$92.74	125	185	55	0	$161.00	$165.39	130	11.83x	40.7%	SAFE	4	$4,800	$37,096	OK
MU (Main) +880C −1010P +320P −1155C	$939.57	880	1010	320	1155	$1028.60	$1013.24	690	5.64x	65.9%	SAFE	5	$74,300	$469,785	OK
MU (Neville) +970C −1110P +370P −1155C	$939.57	970	1110	370	1155	$1220.00	$1204.43	740	3.96x	60.6%	SAFE	2	$50,000	$187,914	OK
NEM +88C −105P +75P −100C	$94.03	88	105	75	100	$114.54	$117.19	30	2.11x	20.2%	SAFE	5	$13,520	$47,015	OK
NOW +80C −110P +90P	$108.49	80	110	90	0	$108.93	$112.82	20	1.72x	17.0%	SAFE	10	$27,850	$108,490	OK
NVDA +140C −175P +70P −225C	$208.35	140	175	70	225	$199.60	$200.80	105	2.76x	66.4%	SAFE	5	$29,800	$104,175	OK
QCOM +190C −210P +90P	$185.25	190	210	90	0	$224.00	$223.29	120	4.53x	51.4%	SAFE	5	$17,000	$92,625	OK
RIOT +17C −40P +17P −24C	$20.69	17	40	17	24	$23.65	$31.05	23	7.24x	17.8%	SAFE	50	$18,429	$103,429	OK
RKLB +115C −135P +45P	$80.50	115	135	45	0	$141.55	$147.38	90	4.39x	44.1%	SAFE	6	$15,930	$48,300	OK
SOFI +10C −13P +5P −23C	$19.15	10	13	5	23	$15.75	$16.68	8	2.39x	73.9%	SAFE	35	$20,125	$67,025	OK
SPCX +150C −195P +135P −175C	$144.43	150	195	135	175	$186.00	$181.67	60	3.22x	6.5%	OK	5	$13,500	$72,215	OK

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

Stock: $14.80 Current HP: 10P (39d, 32.4% 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, 32.4% 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, 25.7% 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	32.4%	$1.02	$1.15	$11,284	17%	$71,250	=	D $5,150
2	10	Nov 20	130d	32.4%	$0.62	$0.88	$12,354	19%	$71,250	=	D $3,800
▶ 3	11 PROT	Nov 20	130d	25.7%	$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 0.7σ, 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: $40.35 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, 28.1% 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	45.5%	$1.31	$1.70	$13,063	10%	$92,000	-$2,000	D $2,600
4	22	Sep 18	67d	45.5%	$0.91	$1.28	$13,946	11%	$92,000	-$2,000	D $1,760
5	23	Oct 16	95d	43.0%	$1.52	$2.00	$15,368	12%	$90,000	-$4,000	D $3,200
6	24	Oct 16	95d	40.5%	$1.87	$2.15	$16,521	13%	$88,000	-$6,000	D $3,500
7	23	Sep 18	67d	43.0%	$1.08	$1.53	$16,670	13%	$90,000	-$4,000	D $2,260
8	24	Sep 18	67d	40.5%	$1.20	$1.66	$18,087	14%	$88,000	-$6,000	D $2,520
9	25	Oct 16	95d	38.0%	$2.05	$2.47	$18,980	15%	$86,000	-$8,000	D $4,140
10	25	Sep 18	67d	38.0%	$1.56	$1.75	$19,067	15%	$86,000	-$8,000	D $2,700
11	26	Oct 16	95d	35.6%	$2.38	$2.91	$22,361	18%	$84,000	-$10,000	D $5,020
12	26	Sep 18	67d	35.6%	$1.71	$2.12	$23,099	18%	$84,000	-$10,000	D $3,440
▶ 13	29 PROT	Oct 16	95d	28.1%	$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: $106.94 Current HP: 35P (39d, 67.3% 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, 18.2% 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	67.3%	$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	67.3%	$0.12	$0.33	$634	1%	$47,000	=	D $150
6	38	Sep 18	67d	64.5%	$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	58.9%	$0.22	$0.37	$1,008	2%	$42,500	-$4,500	D $170
▶ 13	88 PROT	Oct 16	95d	18.2%	$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).