Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$21,703/yr

TOTAL HEDGE (CHEAPEST)

$24,229/yr

Δ HEDGE (CHEAPEST vs CURRENT)

+$2,526/yr

ROLL DEBIT (CHEAPEST)

-$5,955

MAX LOSS REDUCTION (PROTECTIVE)

-$35,000

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	$16.55	10	18	10	0	$17.13	$19.47	8	2.28x	39.6%	SAFE	50	$31,250	$82,725	ROLL NOW (37d)
INTC → +85C −100P +35P −121C	$106.78	85	100	35	121	$114.00	$116.51	65	3.24x	67.2%	SAFE	5	$14,500	$53,390	ROLL NOW (37d)
IREN (Neville) → +45C −65P +21P	$39.05	45	65	21	0	$56.50	$59.36	44	15.67x	46.2%	SAFE	20	$6,000	$78,100	ROLL NOW (37d)
GOOG (Joint) +310C −370C	$361.40	310	0	0	370	$392.50	$338.91	0	1.00x	0.0%	N/A	5	$41,250	$180,700	LEAPS-ONLY
GOOG (Main) +310C −360C	$361.40	310	0	0	360	$392.50	$338.91	0	1.00x	0.0%	N/A	10	$82,500	$361,400	LEAPS-ONLY
IGV +70C −100C	$94.92	70	0	0	100	$96.50	$86.14	0	1.00x	0.0%	N/A	12	$31,800	$113,904	LEAPS-ONLY
SPY +640C	$754.53	640	0	0	0	$764.00	$694.34	0	1.00x	0.0%	N/A	12	$148,800	$905,442	LEAPS-ONLY
AMZN +215C −260P +230P −258C	$252.52	215	260	230	258	$256.25	$239.75	30	1.80x	8.9%	OK	10	$37,500	$252,520	OK
APP +460C −540P +185P −490C	$459.21	460	540	185	490	$588.00	$605.85	355	3.77x	59.7%	SAFE	1	$12,800	$45,921	OK
CLSK +17C −17P +10P	$14.60	17	17	10	0	$20.74	$17.21	7	2.87x	31.5%	SAFE	25	$9,350	$36,494	OK
COIN (Main) +165C −240P +85P −175C	$164.36	165	240	85	175	$210.90	$214.83	155	10.23x	48.3%	SAFE	8	$13,440	$131,488	OK
COIN (RetireInc) +145C −200P +75P −175C	$164.36	145	200	75	175	$182.40	$185.66	125	7.31x	54.4%	SAFE	3	$5,940	$49,308	OK
COPX +65C −90P +68P −82C	$78.33	65	90	68	82	$93.40	$94.53	22	1.77x	13.2%	SAFE	20	$56,800	$156,660	OK
CRWV +105C −120P +40P	$79.65	105	120	40	0	$125.45	$128.77	80	4.91x	49.8%	SAFE	5	$10,225	$39,825	OK
DELL +340C −390P +150P −465C	$445.70	340	390	150	465	$398.00	$409.88	240	5.14x	66.3%	SAFE	3	$17,400	$133,710	OK
ENPH +45C −60P +20P	$45.24	45	60	20	0	$56.15	$58.54	40	6.48x	55.8%	SAFE	10	$7,300	$45,240	OK
ETHA +13C −16P +10P	$14.60	13	16	10	0	$17.33	$17.94	6	2.39x	31.5%	SAFE	50	$21,650	$73,002	OK
GLD +320C −450P +330P −379C	$372.68	320	450	330	379	$456.00	$472.09	120	1.88x	11.5%	SAFE	10	$136,000	$372,680	OK
GLXY +38C −38P +18P	$24.30	38	38	18	0	$39.71	$33.64	20	10.05x	28.0%	SAFE	125	$27,625	$303,688	OK
GOOG (Neville) +300C −345P +310P −360C	$361.40	300	345	310	360	$373.00	$336.82	35	1.48x	14.2%	SAFE	15	$109,500	$542,100	OK
GOOG (Neville) +340C −405P +360P −360C	$361.40	340	405	360	360	$398.00	$376.47	45	1.88x	0.4%	TIGHT	5	$25,500	$180,700	OK
HIMS +10C −20P +5P −40C	$36.58	10	20	5	40	$17.47	$19.80	15	4.04x	86.3%	SAFE	15	$7,395	$54,870	OK
IREN (Joint) +25C −47P +35P	$39.05	25	47	35	0	$44.00	$49.00	12	1.75x	10.4%	SAFE	20	$32,000	$78,100	OK
IREN (Main) +25C −47P +35P	$39.05	25	47	35	0	$44.00	$49.00	12	1.75x	10.4%	SAFE	20	$32,000	$78,100	OK
IREN (RetireInc) +50C −70P +23P	$39.05	50	70	23	0	$63.43	$67.22	47	7.86x	41.1%	SAFE	20	$13,700	$78,100	OK
MARA (Joint) +20C −17P +10P	$12.30	20	17	10	0	$24.33	$19.18	7	2.62x	18.7%	SAFE	50	$21,650	$61,525	OK
MARA (Main) +20C −25P +15P	$12.30	20	25	15	0	$22.69	$18.23	10	27.32x	-21.9%	ITM	200	$7,600	$246,100	OK
MARA (Neville) +25C −15P +13P	$12.30	25	15	13	0	$26.40	$14.21	2	2.43x	-5.6%	ITM	250	$35,000	$307,625	OK
MDB +270C −340P +150P	$349.45	270	340	150	0	$362.90	$379.99	190	3.05x	57.1%	SAFE	1	$9,290	$34,946	OK
META +480C −650P +330P −630C	$659.59	480	650	330	630	$601.50	$604.72	320	5.38x	50.0%	SAFE	3	$21,900	$197,877	OK
MSTR +125C −185P +55P −122C	$100.71	125	185	55	122	$161.00	$167.75	130	11.83x	45.4%	SAFE	4	$4,800	$40,284	OK
MU (Main) +880C −1010P +320P −1075C	$955.04	880	1010	320	1075	$1028.60	$1054.20	690	5.64x	66.5%	SAFE	5	$74,300	$477,522	OK
MU (Neville) +970C −1110P +370P −1060C	$955.04	970	1110	370	1060	$1220.00	$1242.50	740	3.96x	61.3%	SAFE	2	$50,000	$191,009	OK
NEM +88C −105P +75P −100C	$95.05	88	105	75	100	$114.54	$117.14	30	2.11x	21.1%	SAFE	5	$13,520	$47,525	OK
NOW +80C −110P +90P −115C	$107.47	80	110	90	115	$108.93	$113.53	20	1.72x	16.3%	SAFE	10	$27,850	$107,470	OK
NVDA +140C −175P +70P −225C	$211.90	140	175	70	225	$199.60	$203.14	105	2.76x	67.0%	SAFE	5	$29,800	$105,948	OK
QCOM +190C −210P +90P −190C	$178.62	190	210	90	190	$224.00	$227.59	120	4.53x	49.6%	SAFE	5	$17,000	$89,310	OK
RIOT +17C −40P +17P	$20.41	17	40	17	0	$23.65	$31.15	23	7.74x	16.7%	SAFE	50	$17,050	$102,050	OK
RKLB +115C −135P +45P	$78.50	115	135	45	0	$141.55	$147.80	90	4.39x	42.7%	SAFE	6	$15,930	$47,100	OK
SOFI +10C −13P +5P −23C	$18.39	10	13	5	23	$15.75	$15.94	8	2.39x	72.8%	SAFE	35	$20,125	$64,382	OK
SPCX +150C −195P +135P −155C	$138.46	150	195	135	155	$186.00	$183.28	60	3.22x	2.5%	TIGHT	5	$13,500	$69,230	OK

BMNR: HP 10P Maintenance Roll-Out · exp Aug 21 '26, 37d

Stock: $16.55 Current HP: 10P (37d, 39.6% OTM) Current hedge: $5,426/yr Current ML: $71,250 CC income: $53,847/yr Cost cap: 25% of CC = $13,462/yr IV: HIGH 3 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 10 → 10P (Nov 20 '26, 128d, 39.6% OTM) | Cost: $9,695/yr (18% of CC) | New ML: $71,250 = ML | Roll DEBIT $3,000 | Margin (TIMS): $965

PROTECTIVE PICK (lowest ML within cost cap): HP 10 → 11P (Nov 20 '26, 128d, 33.5% OTM) | Cost: $12,975/yr (24% of CC) | New ML: $66,250 ↓ $5,000 | Roll DEBIT $4,150 | Margin (TIMS): $895

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	10 CHEAP	Nov 20	128d	39.6%	$0.50	$0.68	$9,695	18%	$71,250	=	D $3,000
2	10	Jan 15	184d	39.6%	$0.89	$0.98	$9,720	18%	$71,250	=	D $4,500
▶ 3	11 PROT	Nov 20	128d	33.5%	$0.68	$0.91	$12,975	24%	$66,250	-$5,000	D $4,150

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (30d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $20, B $0.32	$19,200/yr	$9,695/yr	SELF-FUNDING
CC at MID $20 0.6σ, B $0.32	$19,200/yr	$9,695/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($20, bid $0.32). 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, 37d

Stock: $39.05 Current HP: 21P (37d, 46.2% OTM) Current hedge: $15,981/yr Current ML: $94,000 CC income: $108,026/yr Cost cap: 25% of CC = $27,007/yr IV: HIGH 11 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 21 → 21P (Oct 16 '26, 93d, 46.2% OTM) | Cost: $13,972/yr (13% of CC) | New ML: $94,000 = ML | Roll DEBIT $2,860 | Margin (TIMS): $1,746

PROTECTIVE PICK (lowest ML within cost cap): HP 21 → 26P (Oct 16 '26, 93d, 33.4% OTM) | Cost: $25,118/yr (23% of CC) | New ML: $84,000 ↓ $10,000 | Roll DEBIT $5,700 | Margin (TIMS): $1,635

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	21 CHEAP	Oct 16	93d	46.2%	$1.35	$1.78	$13,972	13%	$94,000	=	D $2,860
2	21	Sep 18	65d	46.2%	$0.90	$1.29	$14,488	13%	$94,000	=	D $1,880
3	22	Oct 16	93d	43.7%	$1.59	$2.02	$15,856	15%	$92,000	-$2,000	D $3,340
4	22	Sep 18	65d	43.7%	$1.08	$1.48	$16,622	15%	$92,000	-$2,000	D $2,260
5	23	Oct 16	93d	41.1%	$1.84	$2.27	$17,818	16%	$90,000	-$4,000	D $3,840
6	23	Sep 18	65d	41.1%	$1.28	$1.69	$18,980	18%	$90,000	-$4,000	D $2,680
7	24	Oct 16	93d	38.5%	$2.10	$2.55	$20,016	19%	$88,000	-$6,000	D $4,400
8	24	Sep 18	65d	38.5%	$1.50	$1.91	$21,451	20%	$88,000	-$6,000	D $3,120
9	25	Oct 16	93d	36.0%	$2.40	$2.85	$22,371	21%	$86,000	-$8,000	D $5,000
10	25	Sep 18	65d	36.0%	$1.75	$2.14	$24,034	22%	$86,000	-$8,000	D $3,580
▶ 11	26 PROT	Oct 16	93d	33.4%	$2.71	$3.20	$25,118	23%	$84,000	-$10,000	D $5,700

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (30d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $60, B $0.68	$16,320/yr	$13,972/yr	SELF-FUNDING
CC at MID $49 0.6σ, B $1.93	$46,320/yr	$13,972/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($60, bid $0.68). 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, 37d

Stock: $106.78 Current HP: 35P (37d, 67.2% OTM) Current hedge: $296/yr Current ML: $47,000 CC income: $38,953/yr Cost cap: 25% of CC = $9,738/yr IV: HIGH 49 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 35 → 40P (Sep 18 '26, 65d, 62.5% OTM) | Cost: $562/yr (1% of CC) | New ML: $44,500 ↓ $2,500 | Roll DEBIT $95 | Margin (TIMS): $2,680

PROTECTIVE PICK (lowest ML within cost cap): HP 35 → 75P (Oct 16 '26, 93d, 29.8% OTM) | Cost: $9,125/yr (23% of CC) | New ML: $27,000 ↓ $20,000 | Roll DEBIT $2,320 | Margin (TIMS): $1,744

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	40 CHEAP	Sep 18	65d	62.5%	$0.15	$0.20	$562	1%	$44,500	-$2,500	D $95
2	35	Sep 18	65d	67.2%	$0.10	$0.21	$590	2%	$47,000	=	D $100
3	36	Sep 18	65d	66.3%	$0.05	$0.23	$646	2%	$46,500	-$500	D $110
4	35	Oct 16	93d	67.2%	$0.11	$0.35	$687	2%	$47,000	=	D $170
5	37	Sep 18	65d	65.3%	$0.07	$0.25	$702	2%	$46,000	-$1,000	D $120
6	38	Sep 18	65d	64.4%	$0.08	$0.26	$730	2%	$45,500	-$1,500	D $125
7	39	Sep 18	65d	63.5%	$0.10	$0.28	$786	2%	$45,000	-$2,000	D $135
8	43	Sep 18	65d	59.7%	$0.17	$0.28	$786	2%	$43,000	-$4,000	D $135
9	39	Oct 16	93d	63.5%	$0.21	$0.46	$903	2%	$45,000	-$2,000	D $225
10	41	Sep 18	65d	61.6%	$0.13	$0.33	$927	2%	$44,000	-$3,000	D $160
11	40	Oct 16	93d	62.5%	$0.24	$0.49	$962	2%	$44,500	-$2,500	D $240
12	42	Sep 18	65d	60.7%	$0.15	$0.35	$983	3%	$43,500	-$3,500	D $170
▶ 13	75 PROT	Oct 16	93d	29.8%	$4.35	$4.65	$9,125	23%	$27,000	-$20,000	D $2,320

POST-REPAIR SUSTAINABILITY CC chain Aug 14 (30d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $117, B $7.75	$46,500/yr	$562/yr	SELF-FUNDING
CC at MID $124 0.4σ, B $5.90	$35,400/yr	$562/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($117, bid $7.75). 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).