Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$20,894/yr

TOTAL HEDGE (REPAIRED)

$7,675/yr

ANNUAL SAVINGS

$13,218/yr

ROLL CREDITS

$3,250

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	$383.48	270	340	150	410	$362.90	$379.42	190	3.05x	60.9%	SAFE	1	$9,290	$38,348	ROLL NOW (44d)
UAMY → +10C −12P +8P −7C	$6.31	10	12	8	7	$12.45	$13.23	5	3.08x	-18.9%	ITM	25	$6,000	$15,775	REPAIR PLAN (107d)
GOOG (Joint) +310C −355C	$379.03	310	0	0	355	$392.50	$342.50	0	1.00x	0.0%	N/A	5	$41,250	$189,515	LEAPS-ONLY
IBIT +75C	$36.32	75	0	0	0	$70.58	$48.81	0	1.00x	0.0%	N/A	50	$22,328	$181,576	LEAPS-ONLY
IGV +70C −105C	$103.55	70	0	0	105	$96.50	$87.40	0	1.00x	0.0%	N/A	12	$31,800	$124,261	LEAPS-ONLY
MARA (Main) +40C	$11.80	40	0	0	0	$40.55	$15.58	0	1.00x	0.0%	N/A	200	$11,000	$236,100	LEAPS-ONLY
MSTR (Joint) +180C −110C	$97.48	180	0	0	110	$233.00	$156.92	0	1.00x	0.0%	N/A	10	$53,000	$97,485	LEAPS-ONLY
SPY +640C	$775.97	640	0	0	0	$764.00	$693.91	0	1.00x	0.0%	N/A	12	$148,800	$931,164	LEAPS-ONLY
APP +460C −540P +185P	$432.34	460	540	185	0	$588.00	$605.85	355	3.77x	57.2%	SAFE	1	$12,800	$43,234	OK
BMNR (Joint) +23C −65P +25P −19C	$17.96	23	65	25	19	$30.29	$8.98	40	0.00x	-39.2%	ITM	150	$0	$269,400	OK
BMNR (Main) +25C −45P +15P −19C	$17.96	25	45	15	19	$44.46	$52.34	30	2.59x	16.5%	SAFE	50	$94,550	$89,800	OK
BMNR (Main) +23C −65P +25P −19C	$17.96	23	65	25	19	$39.13	$8.98	40	0.00x	-39.2%	ITM	75	$0	$134,700	OK
BMNR (RetireInc) +10C −18P +10P −19C	$17.96	10	18	10	19	$17.13	$19.55	8	2.28x	44.3%	SAFE	50	$31,250	$89,800	OK
CLSK +17C −17P +10P	$14.22	17	17	10	0	$20.74	$17.56	7	2.87x	29.7%	SAFE	25	$9,350	$35,550	OK
COIN (Main) +165C −240P +85P −160C	$151.33	165	240	85	160	$210.90	$219.47	155	10.23x	43.8%	SAFE	8	$13,440	$121,064	OK
COIN (Main) +500C −330P +300P −160C	$151.33	500	330	300	160	$563.00	$341.70	30	1.48x	-98.2%	ITM	25	$157,500	$378,325	OK
COIN (RetireInc) +145C −200P +75P −160C	$151.33	145	200	75	160	$182.40	$190.20	125	7.31x	50.4%	SAFE	3	$5,940	$45,399	OK
COPX +65C −90P +68P −100C	$86.84	65	90	68	100	$93.40	$94.10	22	1.77x	21.7%	SAFE	20	$56,800	$173,690	OK
CRWV +105C −120P +40P	$92.98	105	120	40	0	$125.45	$129.99	80	4.91x	57.0%	SAFE	5	$10,225	$46,490	OK
DELL +340C −390P +150P −540C	$482.25	340	390	150	540	$398.00	$408.80	240	5.14x	68.9%	SAFE	3	$17,400	$144,675	OK
ENPH +45C −60P +20P	$39.66	45	60	20	0	$56.15	$58.78	40	6.48x	49.6%	SAFE	10	$7,300	$39,660	OK
ETHA +13C −16P +10P	$14.09	13	16	10	0	$17.33	$17.92	6	2.39x	29.0%	SAFE	50	$21,650	$70,460	OK
GLD +320C −450P +330P −386C	$385.19	320	450	330	386	$456.00	$470.22	120	1.88x	14.3%	SAFE	10	$136,000	$385,195	OK
GLXY +38C −38P +18P	$20.16	38	38	18	0	$39.71	$34.07	20	10.05x	13.2%	SAFE	125	$27,625	$252,000	OK
GOOG (Neville) +300C −345P +310P −355C	$379.03	300	345	310	355	$373.00	$338.87	35	1.48x	18.2%	SAFE	15	$109,500	$568,545	OK
GOOG (Neville) +340C −405P +360P −355C	$379.03	340	405	360	355	$398.00	$376.05	45	1.88x	5.0%	OK	5	$25,500	$189,515	OK
HIMS +10C −20P +5P	$31.97	10	20	5	0	$17.47	$18.98	15	4.04x	84.4%	SAFE	15	$7,395	$47,955	OK
INTC +85C −100P +35P −108C	$100.70	85	100	35	108	$114.00	$117.76	65	3.24x	65.2%	SAFE	5	$14,500	$50,350	OK
IREN (Joint) +25C −47P +35P	$40.67	25	47	35	0	$44.00	$50.28	12	1.75x	13.9%	SAFE	20	$32,000	$81,340	OK
IREN (Main) +25C −47P +35P	$40.67	25	47	35	0	$44.00	$50.28	12	1.75x	13.9%	SAFE	20	$32,000	$81,340	OK
IREN (Neville) +45C −65P +21P	$40.67	45	65	21	0	$56.50	$59.40	44	15.67x	48.4%	SAFE	20	$6,000	$81,340	OK
IREN (RetireInc) +50C −70P +23P	$40.67	50	70	23	0	$63.43	$67.89	47	7.86x	43.4%	SAFE	20	$13,700	$81,340	OK
MARA (Joint) +20C −17P +10P	$11.80	20	17	10	0	$24.33	$19.82	7	2.62x	15.3%	SAFE	50	$21,650	$59,025	OK
MARA (Main) +20C −25P +15P	$11.80	20	25	15	0	$22.69	$19.08	10	27.32x	-27.1%	ITM	200	$7,600	$236,100	OK
MARA (Neville) +25C −15P +13P	$11.80	25	15	13	0	$26.40	$13.97	2	2.43x	-10.1%	ITM	250	$35,000	$295,125	OK
META +480C −650P +330P −610C	$595.81	480	650	330	610	$601.50	$605.90	320	5.38x	44.6%	SAFE	3	$21,900	$178,743	OK
MSTR (RetireInc) +125C −185P +55P −110C	$97.48	125	185	55	110	$161.00	$168.40	130	11.83x	43.6%	SAFE	4	$4,800	$38,994	OK
MU (Joint) +670C −800P +420P −1200C	$911.87	670	800	420	1200	$792.36	$812.63	380	4.31x	53.9%	SAFE	1	$11,472	$91,187	OK
MU (Main) +880C −1010P +320P −1000C	$911.87	880	1010	320	1000	$1028.60	$1058.72	690	5.64x	64.9%	SAFE	5	$74,300	$455,937	OK
MU (Neville) +970C −1110P +370P −1000C	$911.87	970	1110	370	1000	$1220.00	$1250.36	740	3.96x	59.4%	SAFE	2	$50,000	$182,375	OK
NEM +88C −105P +75P −125C	$103.40	88	105	75	125	$114.54	$116.67	30	2.11x	27.5%	SAFE	5	$13,520	$51,702	OK
NOW +80C −110P +90P −120C	$118.81	80	110	90	120	$108.93	$114.14	20	1.72x	24.2%	SAFE	10	$27,850	$118,805	OK
NVDA +140C −175P +70P −215C	$220.07	140	175	70	215	$199.60	$202.90	105	2.76x	68.2%	SAFE	5	$29,800	$110,038	OK
QCOM +190C −210P +90P −230C	$160.85	190	210	90	230	$224.00	$228.73	120	4.53x	44.0%	SAFE	5	$17,000	$80,425	OK
RKLB +115C −135P +45P	$74.88	115	135	45	0	$141.55	$148.98	90	4.39x	39.9%	SAFE	6	$15,930	$44,928	OK
SPCX +150C −195P +135P	$112.91	150	195	135	0	$186.00	$184.76	60	3.22x	-19.6%	ITM	5	$13,500	$56,455	OK

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

Stock: $6.31 HP: ITM Current hedge: $20,894/yr SS: $12.45 (unchanged) Account: RetireInc (...7291) Contracts: 25 (2,500 sh) CC income: $12,332/yr IV: HIGH OTM floor: 8% Stress: 33% DD Payback gate: 12mo (1.0yr) 1 PASS ⚠ ER 2026-08-14 AMC (9d) 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	107d	20.8%	$0.90	$1.30	$3,250	$7,675	$10,745	$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 BELOW SS $13 — assignment locks a loss · $10, B $0.05	$1,500/yr	$7,675/yr	DEFICIT $515/mo
CC at MID $8 0.6σ, B $0.30	$9,000/yr	$7,675/yr	SELF-FUNDING
AT 33% DRAWDOWN (stock $6.31 → $4.22, hedge $10,745/yr)
CC at SS income stress-adjusted	$1,500/yr	$10,745/yr	DEFICIT $770/mo
CC at MID income stress-adjusted	$1,500/yr	$10,745/yr	DEFICIT $770/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 ~$770/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

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

Stock: $383.48 Current HP: 150P (44d, 60.9% OTM) Current hedge: $1,435/yr Current ML: $28,290 If HP lapses: ML $43,290 (+$15,000) Account: Neville (...0865) Contracts: 1 (100 sh) CC income: $47,869/yr Cost cap: 25% of CC = $11,967/yr IV: HIGH 23 qualifying ⚠ ER 2026-09-01 AMC (27d) inside new HP tenor

CHEAPEST PICK (lowest annual cost, ML preserved): HP 150 → 155P (Nov 20 '26, 107d, 59.6% OTM) | Cost: $993/yr (2% of CC) | New ML: $27,790 ↓ $500 | Roll DEBIT $291 | Margin (TIMS): $8,042

PROTECTIVE PICK (lowest ML within cost cap): HP 150 → 320P (Nov 20 '26, 107d, 16.6% OTM) | Cost: $10,745/yr (22% of CC) | New ML: $11,290 ↓ $17,000 | Roll DEBIT $3,150 | Margin (TIMS): $5,102

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	155 CHEAP	Nov 20	107d	59.6%	$0.62	$2.91	$993	2%	$27,790	-$500	D $291
2	160	Nov 20	107d	58.3%	$0.68	$3.05	$1,040	2%	$27,290	-$1,000	D $305
3	165	Nov 20	107d	57.0%	$1.04	$3.50	$1,194	2%	$26,790	-$1,500	D $350
4	175	Nov 20	107d	54.4%	$1.04	$3.80	$1,296	3%	$25,790	-$2,500	D $380
5	150	Nov 20	107d	60.9%	$0.47	$3.90	$1,330	3%	$28,290	=	D $390
6	170	Nov 20	107d	55.7%	$1.05	$3.95	$1,347	3%	$26,290	-$2,000	D $395
7	180	Nov 20	107d	53.1%	$1.77	$4.05	$1,382	3%	$25,290	-$3,000	D $405
8	185	Nov 20	107d	51.8%	$1.93	$4.40	$1,501	3%	$24,790	-$3,500	D $440
9	190	Nov 20	107d	50.5%	$2.18	$4.80	$1,637	3%	$24,290	-$4,000	D $480
10	195	Nov 20	107d	49.1%	$2.47	$5.40	$1,842	4%	$23,790	-$4,500	D $540
11	200	Nov 20	107d	47.8%	$2.77	$5.60	$1,910	4%	$23,290	-$5,000	D $560
12	210	Nov 20	107d	45.2%	$3.75	$6.60	$2,251	5%	$22,290	-$6,000	D $660
▶ 13	320 PROT	Nov 20	107d	16.6%	$26.45	$31.50	$10,745	22%	$11,290	-$17,000	D $3,150

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $380, B $37.95	$45,540/yr	$993/yr	SELF-FUNDING
CC at MID $450 0.7σ, B $13.70	$16,440/yr	$993/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($380, bid $37.95). 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).