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)

$8,212/yr

ANNUAL SAVINGS

$14,532/yr

ROLL CREDITS

$3,815

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	$382.26	270	340	150	410	$362.90	$383.67	190	3.05x	60.8%	SAFE	1	$9,290	$38,226	ROLL NOW (44d)
NEM → +88C −105P +75P −125C	$97.90	88	105	75	125	$114.54	$117.61	30	2.11x	23.4%	SAFE	5	$13,520	$48,950	REPAIR PLAN (72d)
UAMY → +10C −12P +8P −7C	$6.13	10	12	8	7	$12.45	$13.14	5	3.08x	-22.2%	ITM	25	$6,000	$15,338	REPAIR PLAN (107d)
GOOG (Joint) +310C −355C	$376.43	310	0	0	355	$392.50	$339.58	0	1.00x	0.0%	N/A	5	$41,250	$188,215	LEAPS-ONLY
IBIT +75C	$36.40	75	0	0	0	$70.58	$48.89	0	1.00x	0.0%	N/A	50	$22,328	$182,000	LEAPS-ONLY
IGV +70C −105C	$102.17	70	0	0	105	$96.50	$87.03	0	1.00x	0.0%	N/A	12	$31,800	$122,604	LEAPS-ONLY
MARA (Main) +40C	$11.73	40	0	0	0	$40.55	$15.27	0	1.00x	0.0%	N/A	200	$11,000	$234,700	LEAPS-ONLY
MSTR (Joint) +180C −110C	$97.50	180	0	0	110	$233.00	$157.88	0	1.00x	0.0%	N/A	10	$53,000	$97,500	LEAPS-ONLY
SPY +640C	$772.44	640	0	0	0	$764.00	$695.72	0	1.00x	0.0%	N/A	12	$148,800	$926,928	LEAPS-ONLY
APP +460C −540P +185P	$416.25	460	540	185	0	$588.00	$607.99	355	3.77x	55.6%	SAFE	1	$12,800	$41,626	OK
BMNR (Joint) +23C −65P +25P −19C	$18.05	23	65	25	19	$30.29	$9.03	40	0.00x	-38.5%	ITM	150	$0	$270,750	OK
BMNR (Main) +25C −45P +15P −19C	$18.05	25	45	15	19	$44.46	$52.15	30	2.59x	16.9%	SAFE	50	$94,550	$90,250	OK
BMNR (Main) +23C −65P +25P −19C	$18.05	23	65	25	19	$39.13	$9.03	40	0.00x	-38.5%	ITM	75	$0	$135,375	OK
BMNR (RetireInc) +10C −18P +10P −19C	$18.05	10	18	10	19	$17.13	$19.46	8	2.28x	44.6%	SAFE	50	$31,250	$90,250	OK
CLSK +17C −17P +10P	$14.19	17	17	10	0	$20.74	$17.40	7	2.87x	29.5%	SAFE	25	$9,350	$35,462	OK
COIN (Main) +165C −240P +85P −160C	$151.66	165	240	85	160	$210.90	$218.67	155	10.23x	44.0%	SAFE	8	$13,440	$121,332	OK
COIN (Main) +500C −330P +300P −160C	$151.66	500	330	300	160	$563.00	$343.63	30	1.48x	-97.8%	ITM	25	$157,500	$379,162	OK
COIN (RetireInc) +145C −200P +75P −160C	$151.66	145	200	75	160	$182.40	$188.32	125	7.31x	50.5%	SAFE	3	$5,940	$45,500	OK
COPX +65C −90P +68P −100C	$83.96	65	90	68	100	$93.40	$94.51	22	1.77x	19.0%	SAFE	20	$56,800	$167,920	OK
CRWV +105C −120P +40P	$92.89	105	120	40	0	$125.45	$128.57	80	4.91x	56.9%	SAFE	5	$10,225	$46,445	OK
DELL +340C −390P +150P −540C	$471.55	340	390	150	540	$398.00	$409.16	240	5.14x	68.2%	SAFE	3	$17,400	$141,465	OK
ENPH +45C −60P +20P	$41.80	45	60	20	0	$56.15	$59.61	40	6.48x	52.2%	SAFE	10	$7,300	$41,800	OK
ETHA +13C −16P +10P	$14.15	13	16	10	0	$17.33	$17.96	6	2.39x	29.4%	SAFE	50	$21,650	$70,775	OK
GLD +320C −450P +330P −386C	$374.16	320	450	330	386	$456.00	$471.42	120	1.88x	11.8%	SAFE	10	$136,000	$374,160	OK
GLXY +38C −38P +18P	$22.52	38	38	18	0	$39.71	$34.50	20	10.05x	22.3%	SAFE	125	$27,625	$281,438	OK
GOOG (Neville) +300C −345P +310P −355C	$376.43	300	345	310	355	$373.00	$340.36	35	1.48x	17.6%	SAFE	15	$109,500	$564,645	OK
GOOG (Neville) +340C −405P +360P −355C	$376.43	340	405	360	355	$398.00	$376.97	45	1.88x	4.4%	TIGHT	5	$25,500	$188,215	OK
HIMS +10C −20P +5P	$32.13	10	20	5	0	$17.47	$19.31	15	4.04x	84.4%	SAFE	15	$7,395	$48,195	OK
INTC +85C −100P +35P −108C	$100.62	85	100	35	108	$114.00	$116.68	65	3.24x	65.2%	SAFE	5	$14,500	$50,310	OK
IREN (Joint) +25C −47P +35P	$40.90	25	47	35	0	$44.00	$49.35	12	1.75x	14.4%	SAFE	20	$32,000	$81,790	OK
IREN (Main) +25C −47P +35P	$40.90	25	47	35	0	$44.00	$49.35	12	1.75x	14.4%	SAFE	20	$32,000	$81,790	OK
IREN (Neville) +45C −65P +21P	$40.90	45	65	21	0	$56.50	$58.60	44	15.67x	48.6%	SAFE	20	$6,000	$81,790	OK
IREN (RetireInc) +50C −70P +23P	$40.90	50	70	23	0	$63.43	$67.16	47	7.86x	43.8%	SAFE	20	$13,700	$81,790	OK
MARA (Joint) +20C −17P +10P	$11.73	20	17	10	0	$24.33	$19.39	7	2.62x	14.8%	SAFE	50	$21,650	$58,675	OK
MARA (Main) +20C −25P +15P	$11.73	20	25	15	0	$22.69	$18.23	10	27.32x	-27.8%	ITM	200	$7,600	$234,700	OK
MARA (Neville) +25C −15P +13P	$11.73	25	15	13	0	$26.40	$13.87	2	2.43x	-10.8%	ITM	250	$35,000	$293,375	OK
META +480C −650P +330P −610C	$590.91	480	650	330	610	$601.50	$608.03	320	5.38x	44.2%	SAFE	3	$21,900	$177,273	OK
MSTR (RetireInc) +125C −185P +55P −110C	$97.50	125	185	55	110	$161.00	$168.91	130	11.83x	43.6%	SAFE	4	$4,800	$39,000	OK
MU (Joint) +670C −800P +420P −1200C	$894.32	670	800	420	1200	$792.36	$810.31	380	4.31x	53.0%	SAFE	1	$11,472	$89,432	OK
MU (Main) +880C −1010P +320P −1000C	$894.32	880	1010	320	1000	$1028.60	$1055.62	690	5.64x	64.2%	SAFE	5	$74,300	$447,158	OK
MU (Neville) +970C −1110P +370P −1000C	$894.32	970	1110	370	1000	$1220.00	$1246.27	740	3.96x	58.6%	SAFE	2	$50,000	$178,863	OK
NOW +80C −110P +90P −120C	$117.92	80	110	90	120	$108.93	$113.97	20	1.72x	23.7%	SAFE	10	$27,850	$117,920	OK
NVDA +140C −175P +70P −215C	$212.64	140	175	70	215	$199.60	$203.49	105	2.76x	67.1%	SAFE	5	$29,800	$106,320	OK
QCOM +190C −210P +90P −230C	$163.15	190	210	90	230	$224.00	$228.30	120	4.53x	44.8%	SAFE	5	$17,000	$81,575	OK
RKLB +115C −135P +45P	$74.72	115	135	45	0	$141.55	$148.54	90	4.39x	39.8%	SAFE	6	$15,930	$44,832	OK
SPCX +150C −195P +135P	$124.39	150	195	135	0	$186.00	$182.67	60	3.22x	-8.5%	ITM	5	$13,500	$62,198	OK

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

Stock: $97.90 HP: 23.4% OTM Current hedge: $1,850/yr SS: $114.54 (unchanged) Account: Main (...1299) Contracts: 5 (500 sh) CC income: $16,346/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	28.5%	$0.38	$0.13	$65	$963	$7,325	$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 $0.13	$780/yr	$963/yr	DEFICIT $15/mo
CC at MID $106 0.6σ, B $1.76	$10,560/yr	$963/yr	SELF-FUNDING
AT 15% DRAWDOWN (stock $97.90 → $83.22, hedge $7,325/yr)
CC at SS vs stressed	$780/yr	$7,325/yr	DEFICIT $545/mo
CC at MID vs stressed	$10,560/yr	$7,325/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at MID ($106, bid $1.76). Self-funds in BOTH normal and 15% drawdown. At SS the position bleeds, so don't drift too far OTM.

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

Stock: $6.13 HP: ITM Current hedge: $20,894/yr SS: $12.45 (unchanged) Account: RetireInc (...7291) Contracts: 25 (2,500 sh) CC income: $11,374/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	18.5%	$0.85	$1.50	$3,750	$7,249	$7,249	$13,645	8	$6,250	5mo	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	$7,249/yr	DEFICIT $479/mo
CC at MID $8 0.7σ, B $0.35	$10,500/yr	$7,249/yr	SELF-FUNDING
AT 20% DRAWDOWN (stock $6.13 → $4.91, hedge $7,249/yr)
CC at SS vs stressed	$1,500/yr	$7,249/yr	DEFICIT $479/mo
CC at MID vs stressed	$10,500/yr	$7,249/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at MID ($8, bid $0.35). Self-funds in BOTH normal and 20% drawdown. At SS the position bleeds, so don't drift too far OTM.

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

Stock: $382.26 Current HP: 150P (44d, 60.8% OTM) Current hedge: $689/yr Current ML: $28,290 Account: Neville (...0865) Contracts: 1 (100 sh) CC income: $46,683/yr Cost cap: 25% of CC = $11,671/yr IV: HIGH 18 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 150 → 180P (Nov 20 '26, 107d, 52.9% OTM) | Cost: $2,320/yr (5% of CC) | New ML: $25,290 ↓ $3,000 | Roll DEBIT $680 | Margin (TIMS): $7,566

PROTECTIVE PICK (lowest ML within cost cap): HP 150 → 330P (Nov 20 '26, 107d, 13.7% OTM) | Cost: $11,666/yr (25% of CC) | New ML: $10,290 ↓ $18,000 | Roll DEBIT $3,420 | Margin (TIMS): $4,683

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	180 CHEAP	Nov 20	107d	52.9%	$1.00	$6.80	$2,320	5%	$25,290	-$3,000	D $680
2	185	Nov 20	107d	51.6%	$0.38	$7.10	$2,422	5%	$24,790	-$3,500	D $710
3	190	Nov 20	107d	50.3%	$0.70	$7.40	$2,524	5%	$24,290	-$4,000	D $740
4	210	Nov 20	107d	45.1%	$4.25	$7.75	$2,644	6%	$22,290	-$6,000	D $775
5	195	Nov 20	107d	49.0%	$1.06	$7.80	$2,661	6%	$23,790	-$4,500	D $780
6	200	Nov 20	107d	47.7%	$2.00	$8.20	$2,797	6%	$23,290	-$5,000	D $820
7	220	Nov 20	107d	42.4%	$5.25	$8.95	$3,053	7%	$21,290	-$7,000	D $895
8	230	Nov 20	107d	39.8%	$4.90	$10.40	$3,548	8%	$20,290	-$8,000	D $1,040
9	240	Nov 20	107d	37.2%	$7.75	$12.05	$4,111	9%	$19,290	-$9,000	D $1,205
10	250	Nov 20	107d	34.6%	$9.35	$13.25	$4,520	10%	$18,290	-$10,000	D $1,325
11	260	Nov 20	107d	32.0%	$10.05	$15.65	$5,339	11%	$17,290	-$11,000	D $1,565
12	280	Nov 20	107d	26.8%	$16.05	$17.75	$6,055	13%	$15,290	-$13,000	D $1,775
▶ 13	330 PROT	Nov 20	107d	13.7%	$32.25	$34.20	$11,666	25%	$10,290	-$18,000	D $3,420

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $385, B $37.45	$44,940/yr	$2,320/yr	SELF-FUNDING
CC at MID $460 0.7σ, B $14.15	$16,980/yr	$2,320/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($385, bid $37.45). 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).