GENERATED2026-07-29 03:33
FORTRESS REPAIRHP Roll-Down Analysis
Payback gate: 12mo (1.0yr)
SS = Max(LC+ND, (LC+SP+ND)/2)
TOTAL HEDGE (CURRENT)
$182,826/yr
TOTAL HEDGE (REPAIRED)
$96,693/yr
ANNUAL SAVINGS
$86,133/yr
ROLL CREDITS
$2,000
ADDITIONAL MAX LOSS
$16,000
PORTFOLIO ACTION SUMMARY · 47 positions
3 · REPAIR PLAN6 · LEAPS-ONLY38 · 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

FORTRESSSTOCKLCSPHPSC BE‑SS CC‑SS GAPRMHP OTM%STATUSCTRSICNOTIONALURGENCY
IREN (Joint) →
+25C −47P +35P −40C
 $34.09 2547 3540 $44.00 $49.34 121.75x -2.7% ITM 20 $32,000$68,180 REPAIR PLAN (79d)
IREN (Main) →
+25C −47P +35P −40C
 $34.09 2547 3540 $44.00 $49.34 121.75x -2.7% ITM 20 $32,000$68,180 REPAIR PLAN (79d)
UAMY →
+10C −12P +8P −7C
 $5.18 1012 87 $12.45 $13.11 53.08x -44.6% ITM 25 $6,000$12,962 REPAIR PLAN (114d)
GOOG (Joint)
+310C −350C
 $333.92 3100 0350 $392.50 $343.70 01.00x 0.0% N/A 5 $41,250$166,960 LEAPS-ONLY
IBIT
+75C
 $36.09 750 00 $70.58 $48.96 01.00x 0.0% N/A 50 $22,328$180,475 LEAPS-ONLY
IGV
+70C
 $91.72 700 00 $96.50 $86.51 01.00x 0.0% N/A 12 $31,800$110,064 LEAPS-ONLY
MARA (Main)
+40C −16C
 $11.35 400 016 $40.55 $15.16 01.00x 0.0% N/A 200 $11,000$226,988 LEAPS-ONLY
MSTR (Joint)
+180C −110C
 $95.97 1800 0110 $233.00 $152.20 01.00x 0.0% N/A 10 $53,000$95,970 LEAPS-ONLY
SPY
+640C
 $741.61 6400 00 $764.00 $695.73 01.00x 0.0% N/A 12 $148,800$889,932 LEAPS-ONLY
AMZN
+215C −260P +230P
 $230.92 215260 2300 $256.25 $242.66 301.80x 0.4% TIGHT 10 $37,500$230,920 OK
APP
+460C −540P +185P −435C
 $415.07 460540 185435 $588.00 $608.09 3553.77x 55.4% SAFE 1 $12,800$41,508 OK
BMNR (Joint)
+23C −65P +25P −20C
 $17.55 2365 2520 $30.29 $8.78 400.00x -42.4% ITM 150 $0$263,325 OK
BMNR (Main)
+25C −45P +15P −20C
 $17.55 2545 1520 $44.46 $52.37 302.59x 14.6% SAFE 50 $94,550$87,775 OK
BMNR (Main)
+23C −65P +25P −20C
 $17.55 2365 2520 $39.13 $8.78 400.00x -42.4% ITM 75 $0$131,662 OK
BMNR (RetireInc)
+10C −18P +10P −20C
 $17.55 1018 1020 $17.13 $19.57 82.28x 43.0% SAFE 50 $31,250$87,775 OK
CLSK
+17C −17P +10P
 $13.49 1717 100 $20.74 $17.40 72.87x 25.9% SAFE 25 $9,350$33,738 OK
COIN (Main)
+165C −240P +85P −180C
 $165.66 165240 85180 $210.90 $217.48 15510.23x 48.7% SAFE 8 $13,440$132,528 OK
COIN (Main)
+500C −330P +300P −180C
 $165.66 500330 300180 $563.00 $336.46 301.48x -81.1% ITM 25 $157,500$414,150 OK
COIN (RetireInc)
+145C −200P +75P −195C
 $165.66 145200 75195 $182.40 $187.02 1257.31x 54.7% SAFE 3 $5,940$49,698 OK
COPX
+65C −90P +68P
 $76.52 6590 680 $93.40 $95.02 221.77x 11.1% SAFE 20 $56,800$153,030 OK
CRWV
+105C −120P +40P
 $67.04 105120 400 $125.45 $129.57 804.91x 40.3% SAFE 5 $10,225$33,520 OK
DELL
+340C −390P +150P −475C
 $393.12 340390 150475 $398.00 $409.60 2405.14x 61.8% SAFE 3 $17,400$117,936 OK
ENPH
+45C −60P +20P
 $36.69 4560 200 $56.15 $58.59 406.48x 45.5% SAFE 10 $7,300$36,690 OK
ETHA
+13C −16P +10P
 $14.45 1316 100 $17.33 $17.99 62.39x 30.8% SAFE 50 $21,650$72,250 OK
GLD
+320C −450P +330P −390C
 $369.28 320450 330390 $456.00 $472.54 1201.88x 10.6% SAFE 10 $136,000$369,280 OK
GLXY
+38C −38P +18P
 $20.85 3838 180 $39.71 $34.03 2010.05x 16.1% SAFE 125 $27,625$260,625 OK
GOOG (Neville)
+300C −345P +310P −350C
 $333.92 300345 310350 $373.00 $340.97 351.48x 7.2% OK 15 $109,500$500,880 OK
GOOG (Neville)
+340C −405P +360P −350C
 $333.92 340405 360350 $398.00 $379.57 451.88x -7.8% ITM 5 $25,500$166,960 OK
HIMS
+10C −20P +5P
 $29.34 1020 50 $17.47 $19.90 154.04x 83.0% SAFE 15 $7,395$44,010 OK
INTC
+85C −100P +35P
 $87.72 85100 350 $114.00 $117.22 653.24x 60.1% SAFE 5 $14,500$43,862 OK
IREN (Neville)
+45C −65P +21P −40C
 $34.09 4565 2140 $56.50 $59.27 4415.67x 38.4% SAFE 20 $6,000$68,180 OK
IREN (RetireInc)
+50C −70P +23P −40C
 $34.09 5070 2340 $63.43 $67.90 477.86x 32.5% SAFE 20 $13,700$68,180 OK
MARA (Joint)
+20C −17P +10P −16C
 $11.35 2017 1016 $24.33 $19.56 72.62x 11.9% SAFE 50 $21,650$56,747 OK
MARA (Main)
+20C −25P +15P −16C
 $11.35 2025 1516 $22.69 $18.56 1027.32x -32.2% ITM 200 $7,600$226,988 OK
MARA (Neville)
+25C −15P +13P −16C
 $11.35 2515 1316 $26.40 $14.61 22.43x -14.5% ITM 250 $35,000$283,735 OK
MDB
+270C −340P +150P −325C
 $308.81 270340 150325 $362.90 $382.83 1903.05x 51.4% SAFE 1 $9,290$30,881 OK
META
+480C −650P +330P −638C
 $593.14 480650 330638 $601.50 $604.04 3205.38x 44.4% SAFE 3 $21,900$177,944 OK
MSTR (RetireInc)
+125C −185P +55P −110C
 $95.97 125185 55110 $161.00 $167.76 13011.83x 42.7% SAFE 4 $4,800$38,388 OK
MU (Joint)
+670C −800P +420P
 $826.88 670800 4200 $792.36 $808.11 3804.31x 49.2% SAFE 1 $11,472$82,688 OK
MU (Main)
+880C −1010P +320P
 $826.88 8801010 3200 $1028.60 $1058.04 6905.64x 61.3% SAFE 5 $74,300$413,440 OK
MU (Neville)
+970C −1110P +370P
 $826.88 9701110 3700 $1220.00 $1247.48 7403.96x 55.3% SAFE 2 $50,000$165,376 OK
NEM
+88C −105P +75P
 $91.69 88105 750 $114.54 $118.35 302.11x 18.2% SAFE 5 $13,520$45,845 OK
NOW
+80C −110P +90P −120C
 $109.59 80110 90120 $108.93 $114.54 201.72x 17.9% SAFE 10 $27,850$109,590 OK
NVDA
+140C −175P +70P −210C
 $197.83 140175 70210 $199.60 $202.92 1052.76x 64.6% SAFE 5 $29,800$98,915 OK
QCOM
+190C −210P +90P
 $163.93 190210 900 $224.00 $228.29 1204.53x 45.1% SAFE 5 $17,000$81,965 OK
RKLB
+115C −135P +45P
 $63.43 115135 450 $141.55 $148.79 904.39x 29.1% SAFE 6 $15,930$38,058 OK
SPCX
+150C −195P +135P −125C
 $117.10 150195 135125 $186.00 $183.28 603.22x -15.3% ITM 5 $13,500$58,550 OK

IREN (Main): HP 35P Roll-Down · exp Oct 16 '26, 79d

Stock: $34.09 HP: ITM Current hedge: $79,006/yr SS: $44.00 (unchanged) Shares: 2,000 CC income: $124,962/yr IV: HIGH OTM floor: 8% Stress: 20% DD Payback gate: 12mo (1.0yr) 16 PASS
RECOMMENDED: Roll HP 35 → 31 (Nov 20, 114d) | Save $30,660/yr | Payback 3mo (0.26yr) hedge only, 1mo (0.05yr) w/income (gate: 12mo (1.0yr)) | HP moves to 9.1% OTM | RM 1.75x → 2.00x | Margin (TIMS): $1,238
#NEW HPEXPIRYDTEOTM%ASK ROLL CR/SHROLL TOTALHEDGE/YRSTRESS/YRSAVED/YR GAPML+PAYBACKPB+INCNEW RM
1 31 Nov 20 114d 9.1% $7.55 $0.50 $1,000 $48,346 $48,603 $30,660 16 $8,000 3mo 1mo 2.00x PASS
2 31 Oct 16 79d 9.1% $6.25 $1.80 $3,600 $57,753 $56,738 $21,253 16 $8,000 5mo 1mo 2.00x PASS
3 30 Nov 20 114d 12.0% $6.90 $1.15 $2,300 $44,184 $52,766 $34,822 17 $10,000 3mo 1mo 2.06x PASS
4 30 Oct 16 79d 12.0% $5.75 $2.30 $4,600 $53,133 $63,668 $25,873 17 $10,000 5mo 1mo 2.06x PASS
5 29 Nov 20 114d 14.9% $6.75 $1.30 $2,600 $43,224 $55,007 $35,783 18 $12,000 4mo 1mo 2.12x PASS
6 29 Oct 16 79d 14.9% $5.30 $2.75 $5,500 $48,975 $66,440 $30,032 18 $12,000 5mo 1mo 2.12x PASS
7 28 Nov 20 114d 17.9% $5.95 $2.10 $4,200 $38,101 $57,248 $40,905 19 $14,000 4mo 1mo 2.19x PASS
8 28 Oct 16 79d 17.9% $4.80 $3.25 $6,500 $44,354 $70,598 $34,652 19 $14,000 5mo 1mo 2.19x PASS
9 27 Nov 20 114d 20.8% $5.35 $2.70 $5,400 $34,259 $59,232 $44,748 20 $16,000 4mo 1mo 2.25x PASS
10 27 Oct 16 79d 20.8% $4.35 $3.70 $7,400 $40,196 $73,462 $38,810 20 $16,000 5mo 1mo 2.25x PASS
11 26 Nov 20 114d 23.7% $5.15 $2.90 $5,800 $32,978 $51,548 $46,028 21 $18,000 5mo 1mo 2.31x PASS
12 26 Oct 16 79d 23.7% $3.90 $4.15 $8,300 $36,038 $62,835 $42,968 21 $18,000 5mo 1mo 2.31x PASS
13 25 Nov 20 114d 26.7% $4.50 $3.55 $7,100 $28,816 $48,346 $50,191 22 $20,000 5mo 1mo 2.38x PASS
14 25 Oct 16 79d 26.7% $3.50 $4.55 $9,100 $32,342 $57,753 $46,665 22 $20,000 5mo 1mo 2.38x PASS
15 24 Nov 20 114d 29.6% $4.15 $3.90 $7,800 $26,575 $44,184 $52,432 23 $22,000 5mo 1mo 2.44x PASS
POST-REPAIR SUSTAINABILITY CC chain Aug 28 (30d)
SCENARIO CC INCOME HEDGE COST VERDICT
CC at SS $50, B $1.00 $24,000/yr $48,346/yr DEFICIT $2,029/mo
CC at MID $42 0.7σ, B $2.23 $53,520/yr $48,346/yr SELF-FUNDING
AT 20% DRAWDOWN (stock $34.09 → $27.27, hedge $48,603/yr)
CC at SS vs stressed $24,000/yr $48,603/yr DEFICIT $2,050/mo
CC at MID vs stressed $53,520/yr $48,603/yr SELF-FUNDING
FULLY SUSTAINABLE CC at MID covers hedge in normal + stress
CC WRITING STRATEGY
WRITE CCs at MID ($42, bid $2.23). Self-funds in BOTH normal and 20% drawdown. At SS the position bleeds, so don't drift too far OTM.

IREN (Joint): HP 35P Roll-Down · exp Oct 16 '26, 79d

Stock: $34.09 HP: ITM Current hedge: $79,006/yr SS: $44.00 (unchanged) Shares: 2,000 CC income: $124,962/yr IV: HIGH OTM floor: 8% Stress: 20% DD Payback gate: 12mo (1.0yr) 16 PASS
RECOMMENDED: Roll HP 35 → 31 (Nov 20, 114d) | Save $30,660/yr | Payback 3mo (0.26yr) hedge only, 1mo (0.05yr) w/income (gate: 12mo (1.0yr)) | HP moves to 9.1% OTM | RM 1.75x → 2.00x | Margin (TIMS): $1,238
#NEW HPEXPIRYDTEOTM%ASK ROLL CR/SHROLL TOTALHEDGE/YRSTRESS/YRSAVED/YR GAPML+PAYBACKPB+INCNEW RM
1 31 Nov 20 114d 9.1% $7.55 $0.50 $1,000 $48,346 $48,603 $30,660 16 $8,000 3mo 1mo 2.00x PASS
2 31 Oct 16 79d 9.1% $6.25 $1.80 $3,600 $57,753 $56,738 $21,253 16 $8,000 5mo 1mo 2.00x PASS
3 30 Nov 20 114d 12.0% $6.90 $1.15 $2,300 $44,184 $52,766 $34,822 17 $10,000 3mo 1mo 2.06x PASS
4 30 Oct 16 79d 12.0% $5.75 $2.30 $4,600 $53,133 $63,668 $25,873 17 $10,000 5mo 1mo 2.06x PASS
5 29 Nov 20 114d 14.9% $6.75 $1.30 $2,600 $43,224 $55,007 $35,783 18 $12,000 4mo 1mo 2.12x PASS
6 29 Oct 16 79d 14.9% $5.30 $2.75 $5,500 $48,975 $66,440 $30,032 18 $12,000 5mo 1mo 2.12x PASS
7 28 Nov 20 114d 17.9% $5.95 $2.10 $4,200 $38,101 $57,248 $40,905 19 $14,000 4mo 1mo 2.19x PASS
8 28 Oct 16 79d 17.9% $4.80 $3.25 $6,500 $44,354 $70,598 $34,652 19 $14,000 5mo 1mo 2.19x PASS
9 27 Nov 20 114d 20.8% $5.35 $2.70 $5,400 $34,259 $59,232 $44,748 20 $16,000 4mo 1mo 2.25x PASS
10 27 Oct 16 79d 20.8% $4.35 $3.70 $7,400 $40,196 $73,462 $38,810 20 $16,000 5mo 1mo 2.25x PASS
11 26 Nov 20 114d 23.7% $5.15 $2.90 $5,800 $32,978 $51,548 $46,028 21 $18,000 5mo 1mo 2.31x PASS
12 26 Oct 16 79d 23.7% $3.90 $4.15 $8,300 $36,038 $62,835 $42,968 21 $18,000 5mo 1mo 2.31x PASS
13 25 Nov 20 114d 26.7% $4.50 $3.55 $7,100 $28,816 $48,346 $50,191 22 $20,000 5mo 1mo 2.38x PASS
14 25 Oct 16 79d 26.7% $3.50 $4.55 $9,100 $32,342 $57,753 $46,665 22 $20,000 5mo 1mo 2.38x PASS
15 24 Nov 20 114d 29.6% $4.15 $3.90 $7,800 $26,575 $44,184 $52,432 23 $22,000 5mo 1mo 2.44x PASS
POST-REPAIR SUSTAINABILITY CC chain Aug 28 (30d)
SCENARIO CC INCOME HEDGE COST VERDICT
CC at SS $50, B $1.00 $24,000/yr $48,346/yr DEFICIT $2,029/mo
CC at MID $42 0.7σ, B $2.23 $53,520/yr $48,346/yr SELF-FUNDING
AT 20% DRAWDOWN (stock $34.09 → $27.27, hedge $48,603/yr)
CC at SS vs stressed $24,000/yr $48,603/yr DEFICIT $2,050/mo
CC at MID vs stressed $53,520/yr $48,603/yr SELF-FUNDING
FULLY SUSTAINABLE CC at MID covers hedge in normal + stress
CC WRITING STRATEGY
WRITE CCs at MID ($42, bid $2.23). Self-funds in BOTH normal and 20% drawdown. At SS the position bleeds, so don't drift too far OTM.

UAMY: HP 8P Roll-Down · exp Nov 20 '26, 114d (no viable candidates)

Stock: $5.18 Current HP: 8P (114d, -44.6% OTM) Current hedge: $24,814/yr Gap: 5 IV: HIGH
No HP candidates passed all filters. Reasons:
  • 1 candidate(s) priced
  • 1 rejected for being inside the 8% OTM floor (HIGH IV).

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).