Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$21,545/yr

TOTAL HEDGE (REPAIRED)

$7,604/yr

ANNUAL SAVINGS

$13,941/yr

ROLL CREDITS

$3,875

ADDITIONAL MAX LOSS

$6,250

PORTFOLIO ACTION SUMMARY · 46 positions

3 · ROLL NOW1 · REPAIR PLAN6 · LEAPS-ONLY36 · 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
COIN (RetireInc) → +145C −200P +75P −160C	$149.68	145	200	75	160	$182.40	$189.97	125	7.31x	49.9%	SAFE	3	$5,940	$44,904	ROLL NOW (45d)
MDB → +270C −340P +150P −410C	$369.61	270	340	150	410	$362.90	$378.44	190	3.05x	59.4%	SAFE	1	$9,290	$36,961	ROLL NOW (45d)
MU (Main) → +880C −1010P +320P −930C	$886.80	880	1010	320	930	$1028.60	$1058.59	690	5.64x	63.9%	SAFE	5	$74,300	$443,402	ROLL NOW (45d)
UAMY → +10C −12P +8P −7C	$5.97	10	12	8	7	$12.45	$13.16	5	3.08x	-25.6%	ITM	25	$6,000	$14,925	REPAIR PLAN (108d)
GOOG (Joint) +310C −355C	$374.31	310	0	0	355	$392.50	$341.36	0	1.00x	0.0%	N/A	5	$41,250	$187,152	LEAPS-ONLY
IBIT +75C	$36.33	75	0	0	0	$70.58	$49.01	0	1.00x	0.0%	N/A	50	$22,328	$181,625	LEAPS-ONLY
IGV +70C −105C	$100.89	70	0	0	105	$96.50	$86.82	0	1.00x	0.0%	N/A	12	$31,800	$121,068	LEAPS-ONLY
MARA (Main) +40C	$11.69	40	0	0	0	$40.55	$15.47	0	1.00x	0.0%	N/A	200	$11,000	$233,700	LEAPS-ONLY
MSTR (Joint) +180C −110C	$95.85	180	0	0	110	$233.00	$156.46	0	1.00x	0.0%	N/A	10	$53,000	$95,850	LEAPS-ONLY
SPY +640C	$766.75	640	0	0	0	$764.00	$695.42	0	1.00x	0.0%	N/A	12	$148,800	$920,100	LEAPS-ONLY
APP +460C −540P +185P	$409.37	460	540	185	0	$588.00	$607.91	355	3.77x	54.8%	SAFE	1	$12,800	$40,937	OK
BMNR (Joint) +23C −65P +25P −19C	$17.63	23	65	25	19	$30.29	$8.81	40	0.00x	-41.8%	ITM	150	$0	$264,450	OK
BMNR (Main) +25C −45P +15P −19C	$17.63	25	45	15	19	$44.46	$52.00	30	2.59x	14.9%	SAFE	50	$94,550	$88,150	OK
BMNR (Main) +23C −65P +25P −19C	$17.63	23	65	25	19	$39.13	$8.81	40	0.00x	-41.8%	ITM	75	$0	$132,225	OK
BMNR (RetireInc) +10C −18P +10P −19C	$17.63	10	18	10	19	$17.13	$19.42	8	2.28x	43.3%	SAFE	50	$31,250	$88,150	OK
CLSK +17C −17P +10P	$14.49	17	17	10	0	$20.74	$17.37	7	2.87x	31.0%	SAFE	25	$9,350	$36,238	OK
COIN (Main) +165C −240P +85P −160C	$149.68	165	240	85	160	$210.90	$218.94	155	10.23x	43.2%	SAFE	8	$13,440	$119,744	OK
COIN (Main) +500C −330P +300P −160C	$149.68	500	330	300	160	$563.00	$343.33	30	1.48x	-100.4%	ITM	25	$157,500	$374,200	OK
COPX +65C −90P +68P −85C	$83.35	65	90	68	85	$93.40	$94.73	22	1.77x	18.4%	SAFE	20	$56,800	$166,700	OK
CRWV +105C −120P +40P	$91.43	105	120	40	0	$125.45	$128.60	80	4.91x	56.3%	SAFE	5	$10,225	$45,715	OK
DELL +340C −390P +150P −475C	$457.82	340	390	150	475	$398.00	$409.28	240	5.14x	67.2%	SAFE	3	$17,400	$137,348	OK
ENPH +45C −60P +20P −41C	$40.50	45	60	20	41	$56.15	$59.34	40	6.48x	50.6%	SAFE	10	$7,300	$40,500	OK
ETHA +13C −16P +10P	$14.13	13	16	10	0	$17.33	$17.92	6	2.39x	29.2%	SAFE	50	$21,650	$70,650	OK
GLD +320C −450P +330P −386C	$374.53	320	450	330	386	$456.00	$471.19	120	1.88x	11.9%	SAFE	10	$136,000	$374,530	OK
GLXY +38C −38P +18P	$22.34	38	38	18	0	$39.71	$34.15	20	10.05x	21.6%	SAFE	125	$27,625	$279,188	OK
GOOG (Neville) +300C −345P +310P −355C	$374.31	300	345	310	355	$373.00	$339.17	35	1.48x	17.2%	SAFE	15	$109,500	$561,458	OK
GOOG (Neville) +340C −405P +360P −355C	$374.31	340	405	360	355	$398.00	$376.43	45	1.88x	3.8%	TIGHT	5	$25,500	$187,152	OK
HIMS +10C −20P +5P	$31.50	10	20	5	0	$17.47	$19.65	15	4.04x	84.1%	SAFE	15	$7,395	$47,242	OK
INTC +85C −100P +35P −108C	$98.71	85	100	35	108	$114.00	$117.47	65	3.24x	64.5%	SAFE	5	$14,500	$49,355	OK
IREN (Joint) +25C −47P +35P	$42.11	25	47	35	0	$44.00	$50.38	12	1.75x	16.9%	SAFE	20	$32,000	$84,220	OK
IREN (Main) +25C −47P +35P	$42.11	25	47	35	0	$44.00	$50.38	12	1.75x	16.9%	SAFE	20	$32,000	$84,220	OK
IREN (Neville) +45C −65P +21P	$42.11	45	65	21	0	$56.50	$59.24	44	15.67x	50.1%	SAFE	20	$6,000	$84,220	OK
IREN (RetireInc) +50C −70P +23P	$42.11	50	70	23	0	$63.43	$68.11	47	7.86x	45.4%	SAFE	20	$13,700	$84,220	OK
MARA (Joint) +20C −17P +10P	$11.69	20	17	10	0	$24.33	$19.44	7	2.62x	14.4%	SAFE	50	$21,650	$58,425	OK
MARA (Main) +20C −25P +15P	$11.69	20	25	15	0	$22.69	$18.35	10	27.32x	-28.4%	ITM	200	$7,600	$233,700	OK
MARA (Neville) +25C −15P +13P	$11.69	25	15	13	0	$26.40	$14.10	2	2.43x	-11.3%	ITM	250	$35,000	$292,125	OK
META +480C −650P +330P −610C	$581.86	480	650	330	610	$601.50	$606.19	320	5.38x	43.3%	SAFE	3	$21,900	$174,558	OK
MSTR (RetireInc) +125C −185P +55P −110C	$95.85	125	185	55	110	$161.00	$167.97	130	11.83x	42.6%	SAFE	4	$4,800	$38,340	OK
MU (Joint) +670C −800P +420P −915C	$886.80	670	800	420	915	$792.36	$812.84	380	4.31x	52.6%	SAFE	1	$11,472	$88,680	OK
MU (Neville) +970C −1110P +370P −985C	$886.80	970	1110	370	985	$1220.00	$1248.61	740	3.96x	58.3%	SAFE	2	$50,000	$177,361	OK
NEM +88C −105P +75P −100C	$97.46	88	105	75	100	$114.54	$117.69	30	2.11x	23.0%	SAFE	5	$13,520	$48,728	OK
NOW +80C −110P +90P −120C	$115.30	80	110	90	120	$108.93	$114.31	20	1.72x	21.9%	SAFE	10	$27,850	$115,300	OK
NVDA +140C −175P +70P −215C	$209.98	140	175	70	215	$199.60	$203.35	105	2.76x	66.7%	SAFE	5	$29,800	$104,990	OK
QCOM +190C −210P +90P −165C	$160.42	190	210	90	165	$224.00	$228.88	120	4.53x	43.9%	SAFE	5	$17,000	$80,211	OK
RKLB +115C −135P +45P	$74.49	115	135	45	0	$141.55	$149.33	90	4.39x	39.6%	SAFE	6	$15,930	$44,694	OK
SPCX +150C −195P +135P	$119.55	150	195	135	0	$186.00	$183.82	60	3.22x	-12.9%	ITM	5	$13,500	$59,772	OK

UAMY: HP 8P Roll-Down · exp Nov 20 '26, 108d

Stock: $5.97 HP: ITM Current hedge: $21,545/yr SS: $12.45 (unchanged) Account: RetireInc (...7291) Contracts: 25 (2,500 sh) CC income: $10,653/yr IV: HIGH OTM floor: 8% Stress: 20% DD Payback gate: 12mo (1.0yr) 1 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	5	Nov 20	108d	16.2%	$0.90	$1.55	$3,875	$7,604	$7,604	$13,941	8	$6,250	5mo	3mo	4.12x	PASS

POST-REPAIR SUSTAINABILITY CC chain Sep 04 (31d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $10, B $0.05	$1,452/yr	$7,604/yr	DEFICIT $513/mo
CC at MID $8 0.8σ, B $0.20	$5,806/yr	$7,604/yr	DEFICIT $150/mo
AT 20% DRAWDOWN (stock $5.97 → $4.78, hedge $7,604/yr)
CC at SS vs stressed	$1,452/yr	$7,604/yr	DEFICIT $513/mo
CC at MID vs stressed	$5,806/yr	$7,604/yr	DEFICIT $150/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.

COIN (RetireInc): HP 75P Maintenance Roll-Out · exp Sep 18 '26, 45d

Stock: $149.68 Current HP: 75P (45d, 49.9% OTM) Current hedge: $633/yr Current ML: $43,440 Account: RetireInc (...7291) Contracts: 3 (300 sh) CC income: $33,925/yr Cost cap: 25% of CC = $8,481/yr IV: HIGH 16 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 75 → 75P (Oct 16 '26, 73d, 49.9% OTM) | Cost: $1,140/yr (3% of CC) | New ML: $43,440 = ML | Roll DEBIT $228 | Margin (TIMS): $4,826

PROTECTIVE PICK (lowest ML within cost cap): HP 75 → 115P (Nov 20 '26, 108d, 23.2% OTM) | Cost: $8,415/yr (25% of CC) | New ML: $31,440 ↓ $12,000 | Roll DEBIT $2,490 | Margin (TIMS): $4,364

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	75 CHEAP	Oct 16	73d	49.9%	$0.26	$0.76	$1,140	3%	$43,440	=	D $228
2	80	Oct 16	73d	46.6%	$0.42	$0.99	$1,485	4%	$41,940	-$1,500	D $297
3	80	Nov 20	108d	46.6%	$1.34	$1.96	$1,987	6%	$41,940	-$1,500	D $588
4	85	Oct 16	73d	43.2%	$0.70	$1.36	$2,040	6%	$40,440	-$3,000	D $408
5	85	Nov 20	108d	43.2%	$1.81	$2.56	$2,596	8%	$40,440	-$3,000	D $768
6	90	Oct 16	73d	39.9%	$1.22	$1.75	$2,625	8%	$38,940	-$4,500	D $525
7	90	Nov 20	108d	39.9%	$2.48	$3.25	$3,295	10%	$38,940	-$4,500	D $975
8	95	Oct 16	73d	36.5%	$1.44	$2.27	$3,405	10%	$37,440	-$6,000	D $681
9	100	Oct 16	73d	33.2%	$2.24	$2.51	$3,765	11%	$35,940	-$7,500	D $753
10	95	Nov 20	108d	36.5%	$2.91	$3.75	$3,802	11%	$37,440	-$6,000	D $1,125
11	100	Nov 20	108d	33.2%	$4.00	$4.90	$4,968	15%	$35,940	-$7,500	D $1,470
12	105	Oct 16	73d	29.9%	$2.71	$3.55	$5,325	16%	$34,440	-$9,000	D $1,065
▶ 13	115 PROT	Nov 20	108d	23.2%	$7.85	$8.30	$8,415	25%	$31,440	-$12,000	D $2,490

POST-REPAIR SUSTAINABILITY CC chain Sep 04 (31d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $190, B $1.95	$6,794/yr	$1,140/yr	SELF-FUNDING
CC at MID $175 0.6σ, B $3.65	$12,716/yr	$1,140/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($190, bid $1.95). Conservative far-OTM strike covers the hedge in BOTH normal and 0% drawdown — minimal assignment risk.

MDB: HP 150P Maintenance Roll-Out · exp Sep 18 '26, 45d

Stock: $369.61 Current HP: 150P (45d, 59.4% OTM) Current hedge: $2,677/yr Current ML: $28,290 Account: Neville (...0865) Contracts: 1 (100 sh) CC income: $35,255/yr Cost cap: 25% of CC = $8,814/yr IV: HIGH 17 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 150 → 160P (Nov 20 '26, 108d, 56.7% OTM) | Cost: $814/yr (2% of CC) | New ML: $27,290 ↓ $1,000 | Roll DEBIT $241 | Margin (TIMS): $7,496

PROTECTIVE PICK (lowest ML within cost cap): HP 150 → 300P (Nov 20 '26, 108d, 18.8% OTM) | Cost: $8,753/yr (25% of CC) | New ML: $13,290 ↓ $15,000 | Roll DEBIT $2,590 | Margin (TIMS): $5,337

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	160 CHEAP	Nov 20	108d	56.7%	$0.01	$2.41	$814	2%	$27,290	-$1,000	D $241
2	165	Nov 20	108d	55.4%	$1.46	$3.30	$1,115	3%	$26,790	-$1,500	D $330
3	170	Nov 20	108d	54.0%	$1.71	$3.95	$1,335	4%	$26,290	-$2,000	D $395
4	180	Nov 20	108d	51.3%	$1.07	$4.95	$1,673	5%	$25,290	-$3,000	D $495
5	190	Nov 20	108d	48.6%	$2.54	$5.85	$1,977	6%	$24,290	-$4,000	D $585
6	195	Nov 20	108d	47.2%	$3.00	$6.35	$2,146	6%	$23,790	-$4,500	D $635
7	200	Nov 20	108d	45.9%	$3.20	$6.90	$2,332	7%	$23,290	-$5,000	D $690
8	220	Nov 20	108d	40.5%	$5.65	$7.80	$2,636	7%	$21,290	-$7,000	D $780
9	210	Nov 20	108d	43.2%	$1.92	$8.00	$2,704	8%	$22,290	-$6,000	D $800
10	230	Nov 20	108d	37.8%	$4.20	$10.85	$3,667	10%	$20,290	-$8,000	D $1,085
11	240	Nov 20	108d	35.1%	$8.15	$12.60	$4,258	12%	$19,290	-$9,000	D $1,260
12	250	Nov 20	108d	32.4%	$8.30	$14.50	$4,900	14%	$18,290	-$10,000	D $1,450
▶ 13	300 PROT	Nov 20	108d	18.8%	$23.95	$25.90	$8,753	25%	$13,290	-$15,000	D $2,590

POST-REPAIR SUSTAINABILITY CC chain Sep 04 (31d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $380, B $29.55	$34,316/yr	$814/yr	SELF-FUNDING
CC at MID $440 0.6σ, B $12.20	$14,168/yr	$814/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($380, bid $29.55). Conservative far-OTM strike covers the hedge in BOTH normal and 0% drawdown — minimal assignment risk.

MU (Main): HP 320P Maintenance Roll-Out · exp Sep 18 '26, 45d

Stock: $886.80 Current HP: 320P (45d, 63.9% OTM) Current hedge: $3,812/yr Current ML: $419,300 Account: Main (...1299) Contracts: 5 (500 sh) CC income: $326,071/yr Cost cap: 25% of CC = $81,518/yr IV: HIGH 58 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 320 → 320P (Oct 16 '26, 73d, 63.9% OTM) | Cost: $5,675/yr (2% of CC) | New ML: $419,300 = ML | Roll DEBIT $835 | Margin (TIMS): $30,901

PROTECTIVE PICK (lowest ML within cost cap): HP 320 → 620P (Nov 20 '26, 108d, 30.1% OTM) | Cost: $78,661/yr (24% of CC) | New ML: $269,300 ↓ $150,000 | Roll DEBIT $22,975 | Margin (TIMS): $27,952

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	320 CHEAP	Oct 16	73d	63.9%	$1.80	$2.27	$5,675	2%	$419,300	=	D $835
2	340	Oct 16	73d	61.7%	$2.19	$2.52	$6,300	2%	$409,300	-$10,000	D $960
3	330	Oct 16	73d	62.8%	$2.00	$2.53	$6,325	2%	$414,300	-$5,000	D $965
4	320	Nov 20	108d	63.9%	$3.25	$4.05	$6,844	2%	$419,300	=	D $1,725
5	330	Nov 20	108d	62.8%	$3.65	$4.35	$7,351	2%	$414,300	-$5,000	D $1,875
6	350	Oct 16	73d	60.5%	$2.47	$3.10	$7,750	2%	$404,300	-$15,000	D $1,250
7	360	Oct 16	73d	59.4%	$2.66	$3.35	$8,375	3%	$399,300	-$20,000	D $1,375
8	350	Nov 20	108d	60.5%	$4.65	$5.20	$8,787	3%	$404,300	-$15,000	D $2,300
9	340	Nov 20	108d	61.7%	$4.05	$5.30	$8,956	3%	$409,300	-$10,000	D $2,350
10	370	Oct 16	73d	58.3%	$3.10	$3.70	$9,250	3%	$394,300	-$25,000	D $1,550
11	380	Oct 16	73d	57.1%	$3.45	$4.05	$10,125	3%	$389,300	-$30,000	D $1,725
12	360	Nov 20	108d	59.4%	$5.10	$6.00	$10,139	3%	$399,300	-$20,000	D $2,700
▶ 13	620 PROT	Nov 20	108d	30.1%	$44.40	$46.55	$78,661	24%	$269,300	-$150,000	D $22,975

POST-REPAIR SUSTAINABILITY CC chain Sep 04 (31d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $965, B $62.90	$365,226/yr	$5,675/yr	SELF-FUNDING
CC at MID $965 0.2σ, B $62.90	$365,226/yr	$5,675/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($965, bid $62.90). 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).