Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$22,744/yr

TOTAL HEDGE (REPAIRED)

$8,638/yr

ANNUAL SAVINGS

$14,106/yr

ROLL CREDITS

$3,835

ADDITIONAL MAX LOSS

$8,750

PORTFOLIO ACTION SUMMARY · 46 positions

1 · ROLL NOW2 · REPAIR PLAN6 · LEAPS-ONLY37 · 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
MDB → +270C −340P +150P −410C	$374.94	270	340	150	410	$362.90	$381.91	190	3.05x	60.0%	SAFE	1	$9,290	$37,494	ROLL NOW (44d)
NEM → +88C −105P +75P −125C	$98.00	88	105	75	125	$114.54	$118.54	30	2.11x	23.5%	SAFE	5	$13,520	$49,000	REPAIR PLAN (72d)
UAMY → +10C −12P +8P −7C	$6.07	10	12	8	7	$12.45	$13.22	5	3.08x	-23.7%	ITM	25	$6,000	$15,163	REPAIR PLAN (107d)
GOOG (Joint) +310C −355C	$373.86	310	0	0	355	$392.50	$340.79	0	1.00x	0.0%	N/A	5	$41,250	$186,930	LEAPS-ONLY
IBIT +75C	$36.24	75	0	0	0	$70.58	$49.04	0	1.00x	0.0%	N/A	50	$22,328	$181,225	LEAPS-ONLY
IGV +70C −105C	$101.42	70	0	0	105	$96.50	$86.84	0	1.00x	0.0%	N/A	12	$31,800	$121,710	LEAPS-ONLY
MARA (Main) +40C	$11.68	40	0	0	0	$40.55	$15.51	0	1.00x	0.0%	N/A	200	$11,000	$233,600	LEAPS-ONLY
MSTR (Joint) +180C −110C	$95.83	180	0	0	110	$233.00	$156.51	0	1.00x	0.0%	N/A	10	$53,000	$95,835	LEAPS-ONLY
SPY +640C	$769.42	640	0	0	0	$764.00	$696.19	0	1.00x	0.0%	N/A	12	$148,800	$923,310	LEAPS-ONLY
APP +460C −540P +185P	$417.30	460	540	185	0	$588.00	$610.57	355	3.77x	55.7%	SAFE	1	$12,800	$41,730	OK
BMNR (Joint) +23C −65P +25P −19C	$17.66	23	65	25	19	$30.29	$8.83	40	0.00x	-41.6%	ITM	150	$0	$264,825	OK
BMNR (Main) +25C −45P +15P −19C	$17.66	25	45	15	19	$44.46	$52.25	30	2.59x	15.0%	SAFE	50	$94,550	$88,275	OK
BMNR (Main) +23C −65P +25P −19C	$17.66	23	65	25	19	$39.13	$8.83	40	0.00x	-41.6%	ITM	75	$0	$132,412	OK
BMNR (RetireInc) +10C −18P +10P −19C	$17.66	10	18	10	19	$17.13	$19.25	8	2.28x	43.4%	SAFE	50	$31,250	$88,275	OK
CLSK +17C −17P +10P	$14.41	17	17	10	0	$20.74	$17.32	7	2.87x	30.6%	SAFE	25	$9,350	$36,036	OK
COIN (Main) +165C −240P +85P −160C	$150.55	165	240	85	160	$210.90	$218.79	155	10.23x	43.5%	SAFE	8	$13,440	$120,440	OK
COIN (Main) +500C −330P +300P −160C	$150.55	500	330	300	160	$563.00	$341.43	30	1.48x	-99.3%	ITM	25	$157,500	$376,375	OK
COIN (RetireInc) +145C −200P +75P −160C	$150.55	145	200	75	160	$182.40	$188.62	125	7.31x	50.2%	SAFE	3	$5,940	$45,165	OK
COPX +65C −90P +68P −100C	$83.75	65	90	68	100	$93.40	$94.36	22	1.77x	18.8%	SAFE	20	$56,800	$167,490	OK
CRWV +105C −120P +40P	$92.00	105	120	40	0	$125.45	$128.58	80	4.91x	56.5%	SAFE	5	$10,225	$46,000	OK
DELL +340C −390P +150P −540C	$471.11	340	390	150	540	$398.00	$408.46	240	5.14x	68.2%	SAFE	3	$17,400	$141,333	OK
ENPH +45C −60P +20P	$40.88	45	60	20	0	$56.15	$58.65	40	6.48x	51.1%	SAFE	10	$7,300	$40,880	OK
ETHA +13C −16P +10P	$14.11	13	16	10	0	$17.33	$17.90	6	2.39x	29.1%	SAFE	50	$21,650	$70,525	OK
GLD +320C −450P +330P −386C	$374.96	320	450	330	386	$456.00	$471.13	120	1.88x	12.0%	SAFE	10	$136,000	$374,960	OK
GLXY +38C −38P +18P	$22.29	38	38	18	0	$39.71	$34.41	20	10.05x	21.5%	SAFE	125	$27,625	$278,625	OK
GOOG (Neville) +300C −345P +310P −355C	$373.86	300	345	310	355	$373.00	$340.21	35	1.48x	17.1%	SAFE	15	$109,500	$560,790	OK
GOOG (Neville) +340C −405P +360P −355C	$373.86	340	405	360	355	$398.00	$376.90	45	1.88x	3.7%	TIGHT	5	$25,500	$186,930	OK
HIMS +10C −20P +5P	$31.54	10	20	5	0	$17.47	$19.06	15	4.04x	84.1%	SAFE	15	$7,395	$47,310	OK
INTC +85C −100P +35P −108C	$100.22	85	100	35	108	$114.00	$117.16	65	3.24x	65.1%	SAFE	5	$14,500	$50,112	OK
IREN (Joint) +25C −47P +35P	$41.13	25	47	35	0	$44.00	$49.41	12	1.75x	14.9%	SAFE	20	$32,000	$82,260	OK
IREN (Main) +25C −47P +35P	$41.13	25	47	35	0	$44.00	$49.41	12	1.75x	14.9%	SAFE	20	$32,000	$82,260	OK
IREN (Neville) +45C −65P +21P	$41.13	45	65	21	0	$56.50	$58.50	44	15.67x	48.9%	SAFE	20	$6,000	$82,260	OK
IREN (RetireInc) +50C −70P +23P	$41.13	50	70	23	0	$63.43	$67.10	47	7.86x	44.1%	SAFE	20	$13,700	$82,260	OK
MARA (Joint) +20C −17P +10P	$11.68	20	17	10	0	$24.33	$19.47	7	2.62x	14.4%	SAFE	50	$21,650	$58,400	OK
MARA (Main) +20C −25P +15P	$11.68	20	25	15	0	$22.69	$18.32	10	27.32x	-28.4%	ITM	200	$7,600	$233,600	OK
MARA (Neville) +25C −15P +13P	$11.68	25	15	13	0	$26.40	$13.76	2	2.43x	-11.3%	ITM	250	$35,000	$292,000	OK
META +480C −650P +330P −610C	$581.66	480	650	330	610	$601.50	$606.75	320	5.38x	43.3%	SAFE	3	$21,900	$174,498	OK
MSTR (RetireInc) +125C −185P +55P −110C	$95.83	125	185	55	110	$161.00	$167.90	130	11.83x	42.6%	SAFE	4	$4,800	$38,334	OK
MU (Joint) +670C −800P +420P −1200C	$895.36	670	800	420	1200	$792.36	$813.24	380	4.31x	53.1%	SAFE	1	$11,472	$89,536	OK
MU (Main) +880C −1010P +320P −1000C	$895.36	880	1010	320	1000	$1028.60	$1057.71	690	5.64x	64.3%	SAFE	5	$74,300	$447,680	OK
MU (Neville) +970C −1110P +370P −985C	$895.36	970	1110	370	985	$1220.00	$1247.93	740	3.96x	58.7%	SAFE	2	$50,000	$179,072	OK
NOW +80C −110P +90P −120C	$115.76	80	110	90	120	$108.93	$114.55	20	1.72x	22.3%	SAFE	10	$27,850	$115,760	OK
NVDA +140C −175P +70P −215C	$210.18	140	175	70	215	$199.60	$202.53	105	2.76x	66.7%	SAFE	5	$29,800	$105,088	OK
QCOM +190C −210P +90P −230C	$162.34	190	210	90	230	$224.00	$228.66	120	4.53x	44.6%	SAFE	5	$17,000	$81,170	OK
RKLB +115C −135P +45P	$74.44	115	135	45	0	$141.55	$149.15	90	4.39x	39.5%	SAFE	6	$15,930	$44,661	OK
SPCX +150C −195P +135P	$121.14	150	195	135	0	$186.00	$183.69	60	3.22x	-11.4%	ITM	5	$13,500	$60,570	OK

NEM: HP 75P Roll-Down · exp Oct 16 '26, 72d

Stock: $98.00 HP: 23.5% OTM Current hedge: $1,850/yr SS: $114.54 (unchanged) Account: Main (...1299) Contracts: 5 (500 sh) CC income: $14,250/yr IV: MEDIUM OTM floor: 10% Stress: 15% 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	70	Oct 16	72d	28.6%	$0.38	$0.17	$85	$963	$8,491	$887	35	$2,500	34mo	2mo	2.29x	PASS

POST-REPAIR SUSTAINABILITY CC chain Sep 04 (30d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $120, B $0.33	$1,980/yr	$963/yr	SELF-FUNDING
CC at MID $106 0.6σ, B $0.48	$2,880/yr	$963/yr	SELF-FUNDING
AT 15% DRAWDOWN (stock $98.00 → $83.30, hedge $8,491/yr)
CC at SS vs stressed	$1,980/yr	$8,491/yr	DEFICIT $543/mo
CC at MID vs stressed	$2,880/yr	$8,491/yr	DEFICIT $468/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($106, bid $0.48) in NORMAL markets. Self-funds today.
In 15% drawdown, even MID is short ~$468/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

UAMY: HP 8P Roll-Down · exp Nov 20 '26, 107d

Stock: $6.07 HP: ITM Current hedge: $20,894/yr SS: $12.45 (unchanged) Account: RetireInc (...7291) Contracts: 25 (2,500 sh) CC income: $11,604/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	107d	17.6%	$0.90	$1.50	$3,750	$7,675	$7,675	$13,218	8	$6,250	6mo	3mo	4.12x	PASS

POST-REPAIR SUSTAINABILITY CC chain Sep 04 (30d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $10, B $0.05	$1,500/yr	$7,675/yr	DEFICIT $515/mo
CC at MID $8 0.7σ, B $0.20	$6,000/yr	$7,675/yr	DEFICIT $140/mo
AT 20% DRAWDOWN (stock $6.07 → $4.85, hedge $7,675/yr)
CC at SS vs stressed	$1,500/yr	$7,675/yr	DEFICIT $515/mo
CC at MID vs stressed	$6,000/yr	$7,675/yr	DEFICIT $140/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.

MDB: HP 150P Maintenance Roll-Out · exp Sep 18 '26, 44d

Stock: $374.94 Current HP: 150P (44d, 60.0% OTM) Current hedge: $2,738/yr Current ML: $28,290 Account: Neville (...0865) Contracts: 1 (100 sh) CC income: $35,955/yr Cost cap: 25% of CC = $8,989/yr IV: HIGH 17 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 150 → 160P (Nov 20 '26, 107d, 57.3% OTM) | Cost: $744/yr (2% of CC) | New ML: $27,290 ↓ $1,000 | Roll DEBIT $218 | Margin (TIMS): $7,681

PROTECTIVE PICK (lowest ML within cost cap): HP 150 → 300P (Nov 20 '26, 107d, 20.0% OTM) | Cost: $8,323/yr (23% of CC) | New ML: $13,290 ↓ $15,000 | Roll DEBIT $2,440 | Margin (TIMS): $5,403

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	160 CHEAP	Nov 20	107d	57.3%	$0.01	$2.18	$744	2%	$27,290	-$1,000	D $218
2	165	Nov 20	107d	56.0%	$1.46	$3.30	$1,126	3%	$26,790	-$1,500	D $330
3	170	Nov 20	107d	54.7%	$1.51	$3.95	$1,347	4%	$26,290	-$2,000	D $395
4	180	Nov 20	107d	52.0%	$1.07	$4.95	$1,689	5%	$25,290	-$3,000	D $495
5	190	Nov 20	107d	49.3%	$2.54	$5.85	$1,996	6%	$24,290	-$4,000	D $585
6	195	Nov 20	107d	48.0%	$3.00	$6.35	$2,166	6%	$23,790	-$4,500	D $635
7	200	Nov 20	107d	46.7%	$3.20	$6.90	$2,354	7%	$23,290	-$5,000	D $690
8	220	Nov 20	107d	41.3%	$5.65	$7.80	$2,661	7%	$21,290	-$7,000	D $780
9	210	Nov 20	107d	44.0%	$1.92	$8.00	$2,729	8%	$22,290	-$6,000	D $800
10	230	Nov 20	107d	38.7%	$4.20	$10.85	$3,701	10%	$20,290	-$8,000	D $1,085
11	240	Nov 20	107d	36.0%	$8.15	$12.60	$4,298	12%	$19,290	-$9,000	D $1,260
12	250	Nov 20	107d	33.3%	$8.30	$14.50	$4,946	14%	$18,290	-$10,000	D $1,450
▶ 13	300 PROT	Nov 20	107d	20.0%	$23.45	$24.40	$8,323	23%	$13,290	-$15,000	D $2,440

POST-REPAIR SUSTAINABILITY CC chain Sep 04 (30d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $385, B $29.40	$35,280/yr	$744/yr	SELF-FUNDING
CC at MID $450 0.7σ, B $11.50	$13,800/yr	$744/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($385, bid $29.40). 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).