Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$20,700/yr

TOTAL HEDGE (REPAIRED)

$7,604/yr

ANNUAL SAVINGS

$13,096/yr

ROLL CREDITS

$3,625

ADDITIONAL MAX LOSS

$6,250

PORTFOLIO ACTION SUMMARY · 46 positions

1 · ROLL NOW1 · 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
MDB → +270C −340P +150P −410C	$379.00	270	340	150	410	$362.90	$376.99	190	3.05x	60.4%	SAFE	1	$9,290	$37,900	ROLL NOW (45d)
UAMY → +10C −12P +8P −7C	$6.12	10	12	8	7	$12.45	$13.14	5	3.08x	-22.5%	ITM	25	$6,000	$15,300	REPAIR PLAN (108d)
GOOG (Joint) +310C −355C	$377.44	310	0	0	355	$392.50	$342.62	0	1.00x	0.0%	N/A	5	$41,250	$188,720	LEAPS-ONLY
IBIT +75C	$36.49	75	0	0	0	$70.58	$48.93	0	1.00x	0.0%	N/A	50	$22,328	$182,475	LEAPS-ONLY
IGV +70C −105C	$102.11	70	0	0	105	$96.50	$87.47	0	1.00x	0.0%	N/A	12	$31,800	$122,532	LEAPS-ONLY
MARA (Main) +40C	$11.79	40	0	0	0	$40.55	$15.44	0	1.00x	0.0%	N/A	200	$11,000	$235,800	LEAPS-ONLY
MSTR (Joint) +180C −110C	$97.74	180	0	0	110	$233.00	$155.80	0	1.00x	0.0%	N/A	10	$53,000	$97,740	LEAPS-ONLY
SPY +640C	$773.43	640	0	0	0	$764.00	$695.79	0	1.00x	0.0%	N/A	12	$148,800	$928,116	LEAPS-ONLY
APP +460C −540P +185P	$431.31	460	540	185	0	$588.00	$620.99	355	3.77x	57.1%	SAFE	1	$12,800	$43,132	OK
BMNR (Joint) +23C −65P +25P −19C	$18.04	23	65	25	19	$30.29	$9.02	40	0.00x	-38.6%	ITM	150	$0	$270,600	OK
BMNR (Main) +25C −45P +15P −19C	$18.04	25	45	15	19	$44.46	$52.11	30	2.59x	16.9%	SAFE	50	$94,550	$90,200	OK
BMNR (Main) +23C −65P +25P −19C	$18.04	23	65	25	19	$39.13	$9.02	40	0.00x	-38.6%	ITM	75	$0	$135,300	OK
BMNR (RetireInc) +10C −18P +10P −19C	$18.04	10	18	10	19	$17.13	$19.52	8	2.28x	44.6%	SAFE	50	$31,250	$90,200	OK
CLSK +17C −17P +10P	$14.20	17	17	10	0	$20.74	$17.41	7	2.87x	29.6%	SAFE	25	$9,350	$35,500	OK
COIN (Main) +165C −240P +85P −160C	$151.63	165	240	85	160	$210.90	$217.96	155	10.23x	43.9%	SAFE	8	$13,440	$121,304	OK
COIN (Main) +500C −330P +300P −160C	$151.63	500	330	300	160	$563.00	$342.61	30	1.48x	-97.9%	ITM	25	$157,500	$379,075	OK
COIN (RetireInc) +145C −200P +75P −160C	$151.63	145	200	75	160	$182.40	$188.74	125	7.31x	50.5%	SAFE	3	$5,940	$45,489	OK
COPX +65C −90P +68P −100C	$84.75	65	90	68	100	$93.40	$95.42	22	1.77x	19.8%	SAFE	20	$56,800	$169,500	OK
CRWV +105C −120P +40P	$90.69	105	120	40	0	$125.45	$128.08	80	4.91x	55.9%	SAFE	5	$10,225	$45,348	OK
DELL +340C −390P +150P −540C	$468.98	340	390	150	540	$398.00	$410.79	240	5.14x	68.0%	SAFE	3	$17,400	$140,694	OK
ENPH +45C −60P +20P	$41.80	45	60	20	0	$56.15	$58.55	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	29.3%	SAFE	50	$21,650	$70,750	OK
GLD +320C −450P +330P −386C	$377.14	320	450	330	386	$456.00	$474.92	120	1.88x	12.5%	SAFE	10	$136,000	$377,140	OK
GLXY +38C −38P +18P	$22.41	38	38	18	0	$39.71	$34.94	20	10.05x	21.9%	SAFE	125	$27,625	$280,125	OK
GOOG (Neville) +300C −345P +310P −355C	$377.44	300	345	310	355	$373.00	$341.75	35	1.48x	17.9%	SAFE	15	$109,500	$566,160	OK
GOOG (Neville) +340C −405P +360P −355C	$377.44	340	405	360	355	$398.00	$377.59	45	1.88x	4.6%	TIGHT	5	$25,500	$188,720	OK
HIMS +10C −20P +5P	$32.07	10	20	5	0	$17.47	$19.67	15	4.04x	84.4%	SAFE	15	$7,395	$48,105	OK
INTC +85C −100P +35P −108C	$98.21	85	100	35	108	$114.00	$114.89	65	3.24x	64.4%	SAFE	5	$14,500	$49,105	OK
IREN (Joint) +25C −47P +35P	$40.81	25	47	35	0	$44.00	$49.89	12	1.75x	14.2%	SAFE	20	$32,000	$81,620	OK
IREN (Main) +25C −47P +35P	$40.81	25	47	35	0	$44.00	$49.89	12	1.75x	14.2%	SAFE	20	$32,000	$81,620	OK
IREN (Neville) +45C −65P +21P	$40.81	45	65	21	0	$56.50	$59.39	44	15.67x	48.5%	SAFE	20	$6,000	$81,620	OK
IREN (RetireInc) +50C −70P +23P	$40.81	50	70	23	0	$63.43	$68.46	47	7.86x	43.6%	SAFE	20	$13,700	$81,620	OK
MARA (Joint) +20C −17P +10P	$11.79	20	17	10	0	$24.33	$19.44	7	2.62x	15.2%	SAFE	50	$21,650	$58,950	OK
MARA (Main) +20C −25P +15P	$11.79	20	25	15	0	$22.69	$18.33	10	27.32x	-27.2%	ITM	200	$7,600	$235,800	OK
MARA (Neville) +25C −15P +13P	$11.79	25	15	13	0	$26.40	$13.91	2	2.43x	-10.3%	ITM	250	$35,000	$294,750	OK
META +480C −650P +330P −610C	$590.87	480	650	330	610	$601.50	$609.34	320	5.38x	44.2%	SAFE	3	$21,900	$177,261	OK
MSTR (RetireInc) +125C −185P +55P −110C	$97.74	125	185	55	110	$161.00	$167.62	130	11.83x	43.7%	SAFE	4	$4,800	$39,096	OK
MU (Joint) +670C −800P +420P −1200C	$883.44	670	800	420	1200	$792.36	$803.20	380	4.31x	52.5%	SAFE	1	$11,472	$88,344	OK
MU (Main) +880C −1010P +320P −1000C	$883.44	880	1010	320	1000	$1028.60	$1048.09	690	5.64x	63.8%	SAFE	5	$74,300	$441,720	OK
MU (Neville) +970C −1110P +370P −1000C	$883.44	970	1110	370	1000	$1220.00	$1238.80	740	3.96x	58.1%	SAFE	2	$50,000	$176,688	OK
NEM +88C −105P +75P −125C	$99.51	88	105	75	125	$114.54	$119.18	30	2.11x	24.6%	SAFE	5	$13,520	$49,755	OK
NOW +80C −110P +90P −120C	$118.02	80	110	90	120	$108.93	$113.08	20	1.72x	23.7%	SAFE	10	$27,850	$118,015	OK
NVDA +140C −175P +70P −215C	$216.18	140	175	70	215	$199.60	$206.93	105	2.76x	67.6%	SAFE	5	$29,800	$108,090	OK
QCOM +190C −210P +90P −230C	$162.99	190	210	90	230	$224.00	$228.67	120	4.53x	44.8%	SAFE	5	$17,000	$81,495	OK
RKLB +115C −135P +45P	$76.03	115	135	45	0	$141.55	$149.53	90	4.39x	40.8%	SAFE	6	$15,930	$45,615	OK
SPCX +150C −195P +135P	$116.40	150	195	135	0	$186.00	$177.33	60	3.22x	-16.0%	ITM	5	$13,500	$58,198	OK

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

Stock: $6.12 HP: ITM Current hedge: $20,700/yr SS: $12.45 (unchanged) Account: RetireInc (...7291) Contracts: 25 (2,500 sh) CC income: $10,428/yr IV: HIGH OTM floor: 8% Stress: 33% DD Payback gate: 12mo (1.0yr) 1 PASS ⚠ ER 2026-08-14 AMC (10d) inside new HP tenor

#	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	18.3%	$0.90	$1.45	$3,625	$7,604	$9,041	$13,096	8	$6,250	6mo	3mo	4.12x	PASS

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS BELOW SS $13 — assignment locks a loss · $10, B $0.05	$1,452/yr	$7,604/yr	DEFICIT $513/mo
CC at MID $8 0.7σ, B $0.30	$8,710/yr	$7,604/yr	SELF-FUNDING
AT 33% DRAWDOWN (stock $6.12 → $4.07, hedge $9,041/yr)
CC at SS income stress-adjusted	$1,452/yr	$9,041/yr	DEFICIT $632/mo
CC at MID income stress-adjusted	$1,452/yr	$9,041/yr	DEFICIT $632/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($8, bid $0.30) in NORMAL markets. Self-funds today.
In 33% drawdown, even MID is short ~$632/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

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

Stock: $379.00 Current HP: 150P (45d, 60.4% OTM) Current hedge: $673/yr Current ML: $28,290 If HP lapses: ML $43,290 (+$15,000) Account: Neville (...0865) Contracts: 1 (100 sh) CC income: $45,499/yr Cost cap: 25% of CC = $11,375/yr IV: HIGH 17 qualifying ⚠ ER 2026-08-26 AMC (22d) inside new HP tenor

CHEAPEST PICK (lowest annual cost, ML preserved): HP 150 → 180P (Nov 20 '26, 108d, 52.5% OTM) | Cost: $2,315/yr (5% of CC) | New ML: $25,290 ↓ $3,000 | Roll DEBIT $685 | Margin: n/a (RTH)

PROTECTIVE PICK (lowest ML within cost cap): HP 150 → 320P (Nov 20 '26, 108d, 15.6% OTM) | Cost: $11,254/yr (25% of CC) | New ML: $11,290 ↓ $17,000 | Roll DEBIT $3,330 | Margin: n/a (RTH)

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	180 CHEAP	Nov 20	108d	52.5%	$0.30	$6.85	$2,315	5%	$25,290	-$3,000	D $685
2	185	Nov 20	108d	51.2%	$0.17	$7.15	$2,416	5%	$24,790	-$3,500	D $715
3	190	Nov 20	108d	49.9%	$0.70	$7.45	$2,518	6%	$24,290	-$4,000	D $745
4	210	Nov 20	108d	44.6%	$3.50	$7.65	$2,585	6%	$22,290	-$6,000	D $765
5	195	Nov 20	108d	48.5%	$0.86	$7.80	$2,636	6%	$23,790	-$4,500	D $780
6	200	Nov 20	108d	47.2%	$1.60	$8.20	$2,771	6%	$23,290	-$5,000	D $820
7	220	Nov 20	108d	42.0%	$4.10	$9.10	$3,075	7%	$21,290	-$7,000	D $910
8	230	Nov 20	108d	39.3%	$4.70	$10.50	$3,549	8%	$20,290	-$8,000	D $1,050
9	240	Nov 20	108d	36.7%	$6.15	$12.15	$4,106	9%	$19,290	-$9,000	D $1,215
10	250	Nov 20	108d	34.0%	$7.90	$13.45	$4,546	10%	$18,290	-$10,000	D $1,345
11	260	Nov 20	108d	31.4%	$9.85	$15.85	$5,357	12%	$17,290	-$11,000	D $1,585
12	280	Nov 20	108d	26.1%	$16.10	$18.05	$6,100	13%	$15,290	-$13,000	D $1,805
▶ 13	320 PROT	Nov 20	108d	15.6%	$28.30	$33.30	$11,254	25%	$11,290	-$17,000	D $3,330

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $380, B $35.95	$41,748/yr	$2,315/yr	SELF-FUNDING
CC at MID $440 0.6σ, B $15.70	$18,232/yr	$2,315/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($380, bid $35.95). 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).