Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$202,828/yr

TOTAL HEDGE (REPAIRED)

$93,027/yr

ANNUAL SAVINGS

$109,801/yr

ROLL CREDITS

$10,416

ADDITIONAL MAX LOSS

$28,000

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

FORTRESS	STOCK	LC	SP	HP	SC	BE‑SS	CC‑SS	GAP	RM	HP OTM%	STATUS	CTRS	IC	NOTIONAL	URGENCY
IREN (Joint) → +25C −47P +35P	$31.35	25	47	35	0	$44.00	$51.12	12	1.75x	-11.6%	ITM	20	$32,000	$62,700	REPAIR PLAN (78d)
IREN (Main) → +25C −47P +35P	$31.35	25	47	35	0	$44.00	$51.12	12	1.75x	-11.6%	ITM	20	$32,000	$62,700	REPAIR PLAN (78d)
UAMY → +10C −12P +8P −7C	$5.00	10	12	8	7	$12.45	$13.09	5	3.08x	-50.0%	ITM	25	$6,000	$12,500	REPAIR PLAN (113d)
GOOG (Joint) +310C −350C	$336.40	310	0	0	350	$392.50	$344.04	0	1.00x	0.0%	N/A	5	$41,250	$168,202	LEAPS-ONLY
IBIT +75C	$36.58	75	0	0	0	$70.58	$49.26	0	1.00x	0.0%	N/A	50	$22,328	$182,900	LEAPS-ONLY
IGV +70C	$92.68	70	0	0	0	$96.50	$86.50	0	1.00x	0.0%	N/A	12	$31,800	$111,216	LEAPS-ONLY
MARA (Main) +40C −16C	$10.45	40	0	0	16	$40.55	—	0	1.00x	0.0%	N/A	200	$11,000	$209,000	LEAPS-ONLY
MSTR (Joint) +180C −110C	$95.39	180	0	0	110	$233.00	$154.62	0	1.00x	0.0%	N/A	10	$53,000	$95,390	LEAPS-ONLY
SPY +640C	$733.93	640	0	0	0	$764.00	$702.66	0	1.00x	0.0%	N/A	12	$148,800	$880,716	LEAPS-ONLY
AMZN +215C −260P +230P	$233.42	215	260	230	0	$256.25	$249.41	30	1.80x	1.5%	TIGHT	10	$37,500	$233,424	OK
APP +460C −540P +185P	$393.60	460	540	185	0	$588.00	$600.05	355	3.77x	53.0%	SAFE	1	$12,800	$39,360	OK
BMNR (Joint) +23C −65P +25P −20C	$16.94	23	65	25	20	$30.29	$8.47	40	0.00x	-47.6%	ITM	150	$0	$254,100	OK
BMNR (Main) +25C −45P +15P −20C	$16.94	25	45	15	20	$44.46	—	30	2.59x	11.5%	SAFE	50	$94,550	$84,700	OK
BMNR (Main) +23C −65P +25P −20C	$16.94	23	65	25	20	$39.13	$8.47	40	0.00x	-47.6%	ITM	75	$0	$127,050	OK
BMNR (RetireInc) +10C −18P +10P −20C	$16.94	10	18	10	20	$17.13	$19.25	8	2.28x	41.0%	SAFE	50	$31,250	$84,700	OK
CLSK +17C −17P +10P	$12.40	17	17	10	0	$20.74	$17.63	7	2.87x	19.4%	SAFE	25	$9,350	$31,000	OK
COIN (Main) +165C −240P +85P −180C	$162.50	165	240	85	180	$210.90	$218.71	155	10.23x	47.7%	SAFE	8	$13,440	$130,000	OK
COIN (Main) +500C −330P +300P −180C	$162.50	500	330	300	180	$563.00	$336.78	30	1.48x	-84.6%	ITM	25	$157,500	$406,250	OK
COIN (RetireInc) +145C −200P +75P −195C	$162.50	145	200	75	195	$182.40	$189.42	125	7.31x	53.8%	SAFE	3	$5,940	$48,750	OK
COPX +65C −90P +68P	$78.19	65	90	68	0	$93.40	$97.23	22	1.77x	13.0%	SAFE	20	$56,800	$156,380	OK
CRWV +105C −120P +40P	$63.90	105	120	40	0	$125.45	$132.02	80	4.91x	37.4%	SAFE	5	$10,225	$31,949	OK
DELL +340C −390P +150P −475C	$376.25	340	390	150	475	$398.00	$417.26	240	5.14x	60.1%	SAFE	3	$17,400	$112,875	OK
ENPH +45C −60P +20P	$35.60	45	60	20	0	$56.15	$60.03	40	6.48x	43.8%	SAFE	10	$7,300	$35,600	OK
ETHA +13C −16P +10P	$14.48	13	16	10	0	$17.33	$18.72	6	2.39x	30.9%	SAFE	50	$21,650	$72,400	OK
GLD +320C −450P +330P −390C	$374.33	320	450	330	390	$456.00	$474.34	120	1.88x	11.8%	SAFE	10	$136,000	$374,335	OK
GLXY +38C −38P +18P	$18.87	38	38	18	0	$39.71	$33.38	20	10.05x	7.3%	OK	125	$27,625	$235,854	OK
GOOG (Neville) +300C −345P +310P −350C	$336.40	300	345	310	350	$373.00	$342.87	35	1.48x	7.8%	OK	15	$109,500	$504,607	OK
GOOG (Neville) +340C −405P +360P −350C	$336.40	340	405	360	350	$398.00	$380.90	45	1.88x	-7.0%	ITM	5	$25,500	$168,202	OK
HIMS +10C −20P +5P	$25.02	10	20	5	0	$17.47	$19.79	15	4.04x	80.0%	SAFE	15	$7,395	$37,538	OK
INTC +85C −100P +35P	$84.09	85	100	35	0	$114.00	$118.36	65	3.24x	58.4%	SAFE	5	$14,500	$42,045	OK
IREN (Neville) +45C −65P +21P	$31.35	45	65	21	0	$56.50	$60.00	44	15.67x	33.0%	SAFE	20	$6,000	$62,700	OK
IREN (RetireInc) +50C −70P +23P	$31.35	50	70	23	0	$63.43	$68.96	47	7.86x	26.6%	SAFE	20	$13,700	$62,700	OK
MARA (Joint) +20C −17P +10P −16C	$10.45	20	17	10	16	$24.33	$24.81	7	2.62x	4.3%	TIGHT	50	$21,650	$52,250	OK
MARA (Main) +20C −25P +15P −16C	$10.45	20	25	15	16	$22.69	$23.15	10	27.32x	-43.5%	ITM	200	$7,600	$209,000	OK
MARA (Neville) +25C −15P +13P −16C	$10.45	25	15	13	16	$26.40	$24.66	2	2.43x	-24.4%	ITM	250	$35,000	$261,250	OK
MDB +270C −340P +150P −355C	$327.00	270	340	150	355	$362.90	$383.45	190	3.05x	54.1%	SAFE	1	$9,290	$32,700	OK
META +480C −650P +330P −638C	$536.99	480	650	330	638	$601.50	$558.85	320	5.38x	38.5%	SAFE	3	$21,900	$161,097	OK
MSTR (RetireInc) +125C −185P +55P −110C	$95.39	125	185	55	110	$161.00	$170.00	130	11.83x	42.3%	SAFE	4	$4,800	$38,156	OK
MU (Joint) +670C −800P +420P	$756.50	670	800	420	0	$792.36	$826.27	380	4.31x	44.5%	SAFE	1	$11,472	$75,650	OK
MU (Main) +880C −1010P +320P	$756.50	880	1010	320	0	$1028.60	$1073.90	690	5.64x	57.7%	SAFE	5	$74,300	$378,250	OK
MU (Neville) +970C −1110P +370P	$756.50	970	1110	370	0	$1220.00	$1265.83	740	3.96x	51.1%	SAFE	2	$50,000	$151,300	OK
NEM +88C −105P +75P	$92.60	88	105	75	0	$114.54	$118.61	30	2.11x	19.0%	SAFE	5	$13,520	$46,300	OK
NOW +80C −110P +90P −120C	$112.76	80	110	90	120	$108.93	$113.26	20	1.72x	20.2%	SAFE	10	$27,850	$112,760	OK
NVDA +140C −175P +70P −210C	$193.23	140	175	70	210	$199.60	$205.66	105	2.76x	63.8%	SAFE	5	$29,800	$96,615	OK
QCOM +190C −210P +90P	$148.80	190	210	90	0	$224.00	$221.41	120	4.53x	39.5%	SAFE	5	$17,000	$74,400	OK
RKLB +115C −135P +45P	$60.19	115	135	45	0	$141.55	$150.76	90	4.39x	25.2%	SAFE	6	$15,930	$36,114	OK
SPCX +150C −195P +135P −125C	$114.36	150	195	135	125	$186.00	$185.70	60	3.22x	-18.0%	ITM	5	$13,500	$57,180	OK

IREN (Main): HP 35P Roll-Down · exp Oct 16 '26, 78d

Stock: $31.35 HP: ITM Current hedge: $101,414/yr SS: $44.00 (unchanged) Shares: 2,000 CC income: $81,572/yr IV: HIGH OTM floor: 8% Stress: 20% DD Payback gate: 12mo (1.0yr) 12 PASS

#	NEW HP	EXPIRY	DTE	OTM%	ASK	ROLL CR/SH	ROLL TOTAL	HEDGE/YR	STRESS/YR	SAVED/YR	GAP	ML+	PAYBACK	PB+INC	NEW RM
1	28	Nov 20	113d	10.7%	$7.20	$2.60	$5,208	$46,513	$52,973	$54,901	19	$14,000	3mo	1mo	2.19x	PASS
2	28	Oct 16	78d	10.7%	$6.30	$3.50	$7,008	$58,962	$67,254	$42,452	19	$14,000	4mo	1mo	2.19x	PASS
3	27	Nov 20	113d	13.9%	$6.75	$3.05	$6,108	$43,606	$55,235	$57,808	20	$16,000	3mo	1mo	2.25x	PASS
4	27	Oct 16	78d	13.9%	$5.80	$4.00	$8,008	$54,282	$69,724	$47,132	20	$16,000	4mo	1mo	2.25x	PASS
5	26	Nov 20	113d	17.1%	$6.60	$3.20	$6,408	$42,637	$59,434	$58,777	21	$18,000	4mo	2mo	2.31x	PASS
6	26	Oct 16	78d	17.1%	$5.20	$4.60	$9,208	$48,667	$75,808	$52,747	21	$18,000	4mo	2mo	2.31x	PASS
7	25	Nov 20	113d	20.3%	$5.95	$3.85	$7,708	$38,438	$59,434	$62,976	22	$20,000	4mo	2mo	2.38x	PASS
8	25	Oct 16	78d	20.3%	$4.90	$4.90	$9,808	$45,859	$75,340	$55,555	22	$20,000	4mo	2mo	2.38x	PASS
9	24	Nov 20	113d	23.4%	$5.20	$4.60	$9,208	$33,593	$55,558	$67,821	23	$22,000	4mo	2mo	2.44x	PASS
10	24	Oct 16	78d	23.4%	$4.55	$5.25	$10,508	$42,583	$69,256	$58,831	23	$22,000	4mo	2mo	2.44x	PASS
11	23	Nov 20	113d	26.6%	$5.05	$4.75	$9,508	$32,624	$51,358	$68,790	24	$24,000	4mo	2mo	2.50x	PASS
12	23	Oct 16	78d	26.6%	$4.10	$5.70	$11,408	$38,372	$64,109	$63,042	24	$24,000	5mo	2mo	2.50x	PASS

POST-REPAIR SUSTAINABILITY CC chain Sep 04 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $50, B $0.19	$3,800/yr	$46,513/yr	DEFICIT $3,559/mo
CC at MID $39 0.6σ, B $1.51	$30,200/yr	$46,513/yr	DEFICIT $1,359/mo
AT 20% DRAWDOWN (stock $31.35 → $25.08, hedge $52,973/yr)
CC at SS vs stressed	$3,800/yr	$52,973/yr	DEFICIT $4,098/mo
CC at MID vs stressed	$30,200/yr	$52,973/yr	DEFICIT $1,898/mo

NOT SELF-FUNDING Requires ongoing capital even at MID

CC WRITING STRATEGY

NO SAFE CC STRATEGY at the current chain. Hedge bleeds even at MID strike. Either restructure (deeper-OTM HP, smaller position) or commit to ongoing capital subsidy.

IREN (Joint): HP 35P Roll-Down · exp Oct 16 '26, 78d

#	NEW HP	EXPIRY	DTE	OTM%	ASK	ROLL CR/SH	ROLL TOTAL	HEDGE/YR	STRESS/YR	SAVED/YR	GAP	ML+	PAYBACK	PB+INC	NEW RM
1	28	Nov 20	113d	10.7%	$7.20	$2.60	$5,208	$46,513	$52,973	$54,901	19	$14,000	3mo	1mo	2.19x	PASS
2	28	Oct 16	78d	10.7%	$6.30	$3.50	$7,008	$58,962	$67,254	$42,452	19	$14,000	4mo	1mo	2.19x	PASS
3	27	Nov 20	113d	13.9%	$6.75	$3.05	$6,108	$43,606	$55,235	$57,808	20	$16,000	3mo	1mo	2.25x	PASS
4	27	Oct 16	78d	13.9%	$5.80	$4.00	$8,008	$54,282	$69,724	$47,132	20	$16,000	4mo	1mo	2.25x	PASS
5	26	Nov 20	113d	17.1%	$6.60	$3.20	$6,408	$42,637	$59,434	$58,777	21	$18,000	4mo	2mo	2.31x	PASS
6	26	Oct 16	78d	17.1%	$5.20	$4.60	$9,208	$48,667	$75,808	$52,747	21	$18,000	4mo	2mo	2.31x	PASS
7	25	Nov 20	113d	20.3%	$5.95	$3.85	$7,708	$38,438	$59,434	$62,976	22	$20,000	4mo	2mo	2.38x	PASS
8	25	Oct 16	78d	20.3%	$4.90	$4.90	$9,808	$45,859	$75,340	$55,555	22	$20,000	4mo	2mo	2.38x	PASS
9	24	Nov 20	113d	23.4%	$5.20	$4.60	$9,208	$33,593	$55,558	$67,821	23	$22,000	4mo	2mo	2.44x	PASS
10	24	Oct 16	78d	23.4%	$4.55	$5.25	$10,508	$42,583	$69,256	$58,831	23	$22,000	4mo	2mo	2.44x	PASS
11	23	Nov 20	113d	26.6%	$5.05	$4.75	$9,508	$32,624	$51,358	$68,790	24	$24,000	4mo	2mo	2.50x	PASS
12	23	Oct 16	78d	26.6%	$4.10	$5.70	$11,408	$38,372	$64,109	$63,042	24	$24,000	5mo	2mo	2.50x	PASS

POST-REPAIR SUSTAINABILITY CC chain Sep 04 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $50, B $0.19	$3,800/yr	$46,513/yr	DEFICIT $3,559/mo
CC at MID $39 0.6σ, B $1.51	$30,200/yr	$46,513/yr	DEFICIT $1,359/mo
AT 20% DRAWDOWN (stock $31.35 → $25.08, hedge $52,973/yr)
CC at SS vs stressed	$3,800/yr	$52,973/yr	DEFICIT $4,098/mo
CC at MID vs stressed	$30,200/yr	$52,973/yr	DEFICIT $1,898/mo

NOT SELF-FUNDING Requires ongoing capital even at MID

CC WRITING STRATEGY

NO SAFE CC STRATEGY at the current chain. Hedge bleeds even at MID strike. Either restructure (deeper-OTM HP, smaller position) or commit to ongoing capital subsidy.

UAMY: HP 8P Roll-Down · exp Nov 20 '26, 113d (no viable candidates)

Stock: $5.00 Current HP: 8P (113d, -50.0% OTM) Current hedge: $0/yr Gap: 0 IV: MEDIUM

No HP candidates passed all filters. Reasons:

No candidate puts were priced for the roll-down DTE window. Try --hp-min-dte 60 or extend --hp-max-dte.

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).