Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$44,206/yr

TOTAL HEDGE (REPAIRED)

$42,030/yr

ANNUAL SAVINGS

$2,175/yr

ROLL CREDITS

-$7,080

ADDITIONAL MAX LOSS

$8,000

PORTFOLIO ACTION SUMMARY · 42 positions

1 · ROLL NOW2 · REPAIR PLAN7 · LEAPS-ONLY32 · 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
Joint (...1782)8 fortress(es) · 4 actionable · IC $452,110 · notional $1,365,420
IREN (Joint) → +25C −47P +35P −55C	$43.84	25	47	35	55	$44.00	$50.43	12	1.75x	20.2%	SAFE	20	$32,000	$87,670	REPAIR PLAN (36d)
GOOG (Joint) +310C −355C	$330.32	310	0	0	355	$392.50	$347.12	0	1.00x	0.0%	N/A	5	$41,250	$165,160	LEAPS-ONLY
IBIT +75C	$43.62	75	0	0	0	$70.58	$49.55	0	1.00x	0.0%	N/A	50	$22,328	$218,100	LEAPS-ONLY
MSTR (Joint) +180C −170C	$128.68	180	0	0	170	$233.00	$161.48	0	1.00x	0.0%	N/A	10	$53,000	$128,680	LEAPS-ONLY
AMZN +200C −250P +215P	$251.43	200	250	215	0	$267.92	$270.79	35	1.52x	14.5%	SAFE	5	$33,960	$125,715	OK
BMNR (Joint) +23C −18P +25P	$24.34	23	18	25	0	$36.42	$23.32	0	1.00x	-2.7%	ITM	150	$201,300	$365,100	OK
COPX +65C −90P +68P	$88.41	65	90	68	0	$93.40	$95.70	22	1.77x	23.1%	SAFE	20	$56,800	$176,820	OK
MU (Joint) +670C −800P +420P −1100C	$981.75	670	800	420	1100	$792.36	$811.86	380	4.31x	57.2%	SAFE	1	$11,472	$98,175	OK
Main (...1299)15 fortress(es) · 3 actionable · IC $1,182,360 · notional $3,409,957
IREN (Main) → +25C −47P +35P −55C	$43.84	25	47	35	55	$44.00	$50.43	12	1.75x	20.2%	SAFE	20	$32,000	$87,670	REPAIR PLAN (36d)
IGV +70C −111C	$101.25	70	0	0	111	$96.50	$87.59	0	1.00x	0.0%	N/A	12	$31,800	$121,500	LEAPS-ONLY
MARA (Main) +13C	$11.57	13	0	0	0	$16.75	$10.79	0	1.00x	0.0%	N/A	400	$150,000	$462,800	LEAPS-ONLY
BMNR (Main) +25C −18P +45P	$24.34	25	18	45	0	$65.83	$57.78	0	1.00x	-84.9%	ITM	50	$204,150	$121,700	OK
BMNR (Main) +23C −18P +25P	$24.34	23	18	25	0	$53.26	$46.03	0	1.00x	-2.7%	ITM	75	$226,950	$182,550	OK
COIN (Main) +165C −240P +90P −220C	$172.39	165	240	90	220	$210.90	$215.25	150	9.93x	47.8%	SAFE	8	$13,440	$137,912	OK
COIN (Main) +500C −330P +300P −220C	$172.39	500	330	300	220	$563.00	$354.94	30	1.48x	-74.0%	ITM	25	$157,500	$430,975	OK
ETHA +13C −16P +10P	$18.56	13	16	10	0	$17.33	$17.99	6	2.39x	46.1%	SAFE	50	$21,650	$92,800	OK
GLD +320C −450P +330P −470C	$396.10	320	450	330	470	$456.00	$470.32	120	1.88x	16.7%	SAFE	10	$136,000	$396,100	OK
GLXY +38C −38P +18P −30C	$24.09	38	38	18	30	$39.71	$34.55	20	10.05x	27.4%	SAFE	125	$27,625	$301,125	OK
HIMS +10C −20P +5P	$27.68	10	20	5	0	$17.47	$18.99	15	4.04x	81.9%	SAFE	15	$7,395	$41,520	OK
META +480C −650P +330P −665C	$643.10	480	650	330	665	$601.50	$604.76	320	5.38x	48.7%	SAFE	3	$21,900	$192,930	OK
MU (Main) +880C −1010P +340P −1210C	$981.75	880	1010	340	1210	$1028.60	$1051.74	670	5.51x	65.4%	SAFE	5	$74,300	$490,875	OK
NOW +80C −110P +90P −140C	$131.04	80	110	90	140	$108.93	$113.48	20	1.72x	31.3%	SAFE	10	$27,850	$131,040	OK
NVDA +215C −225P +200P	$218.46	215	225	200	0	$264.80	$228.31	25	1.50x	8.5%	OK	10	$49,800	$218,460	OK
RetireInc (...7291)9 fortress(es) · 2 actionable · IC $150,280 · notional $1,098,030
DELL → +340C −390P +150P −550C	$512.67	340	390	150	550	$398.00	$404.15	240	5.14x	70.7%	SAFE	3	$17,400	$153,801	ROLL NOW (36d)
MARA (RetireInc) +40C	$11.57	40	0	0	0	$41.04	$11.13	0	1.00x	0.0%	N/A	500	$52,000	$578,500	LEAPS-ONLY
APP +460C −540P +185P	$313.32	460	540	185	0	$588.00	$611.15	355	3.77x	41.0%	SAFE	1	$12,800	$31,332	OK
CLSK +17C −17P +10P	$12.88	17	17	10	0	$20.74	$18.05	7	2.87x	22.3%	SAFE	25	$9,350	$32,188	OK
ENPH +45C −60P +20P	$36.87	45	60	20	0	$56.15	$58.96	40	6.48x	45.8%	SAFE	10	$7,300	$36,870	OK
IREN (RetireInc) +50C −70P +23P −55C	$43.84	50	70	23	55	$63.43	$66.71	47	7.86x	47.5%	SAFE	20	$13,700	$87,670	OK
MSTR (RetireInc) +125C −185P +55P −170C	$128.68	125	185	55	170	$161.00	$165.37	130	11.83x	57.3%	SAFE	4	$4,800	$51,472	OK
QCOM +190C −210P +100P −220C	$177.60	190	210	100	220	$224.00	$227.01	110	4.24x	43.7%	SAFE	5	$17,000	$88,800	OK
RKLB +115C −135P +45P	$62.33	115	135	45	0	$141.55	$148.56	90	4.39x	27.8%	SAFE	6	$15,930	$37,398	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $433,989 · notional $2,294,687
SPY +640C	$757.84	640	0	0	0	$764.00	$704.18	0	1.00x	0.0%	N/A	12	$148,800	$909,408	LEAPS-ONLY
AMD +420C −490P +350P −580C	$503.65	420	490	350	580	$489.91	$499.18	140	3.01x	30.5%	SAFE	2	$13,964	$100,730	OK
CRWV +105C −120P +40P −125C	$89.87	105	120	40	125	$125.45	$128.54	80	4.91x	55.5%	SAFE	5	$10,225	$44,935	OK
GOOG (Neville) +300C −345P +310P −355C	$330.32	300	345	310	355	$373.00	$343.83	35	1.48x	6.2%	OK	15	$109,500	$495,480	OK
GOOG (Neville) +340C −405P +360P −355C	$330.32	340	405	360	355	$398.00	$384.19	45	1.88x	-9.0%	ITM	5	$25,500	$165,160	OK
INTC +85C −100P +35P −116C	$100.81	85	100	35	116	$114.00	$116.22	65	3.24x	65.3%	SAFE	5	$14,500	$50,405	OK
IREN (Neville) +45C −65P +21P −55C	$43.84	45	65	21	55	$56.50	$58.00	44	15.67x	52.1%	SAFE	20	$6,000	$87,670	OK
MU (Neville) +970C −1110P +390P −1250C	$981.75	970	1110	390	1250	$1220.00	$1238.82	720	3.88x	60.3%	SAFE	2	$50,000	$196,350	OK
SNDK +1200C −1380P +810P −1950C	$1705.59	1200	1380	810	1950	$1620.00	$1636.74	570	2.36x	52.5%	SAFE	1	$42,000	$170,559	OK
SPCX +150C −195P +135P	$147.98	150	195	135	0	$186.00	$189.25	60	3.22x	8.8%	OK	5	$13,500	$73,990	OK

IREN (Joint): HP 35P Roll-Down · exp Oct 16 '26, 36d

Stock: $43.84 HP: 20.2% OTM Current hedge: $22,103/yr Baseline (roll-fwd, savings vs this): $26,545/yr SS: $44.00 (unchanged) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $75,163/yr IV: HIGH OTM floor: 8% Stress: 24% DD Payback gate: 12mo (1.0yr) 4 PASS ⚠ ER 2026-11-05 INTRADAY (56d) 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	33	Dec 18	99d	24.7%	$2.85	$-1.77	$-3,540	$21,015	$50,031	$5,530	14	$4,000	9mo	1mo	1.88x	PASS
2	32	Dec 18	99d	27.0%	$2.54	$-1.46	$-2,920	$18,729	$43,136	$7,816	15	$6,000	9mo	1mo	1.94x	PASS
3	34	Dec 18	99d	22.4%	$3.25	$-2.17	$-4,340	$23,965	$47,081	$2,581	13	$2,000	9mo	0mo	1.81x	PASS
4	31	Dec 18	99d	29.3%	$2.25	$-1.17	$-2,340	$16,591	$39,449	$9,955	16	$8,000	10mo	1mo	2.00x	PASS

POST-REPAIR SUSTAINABILITY CC chain Oct 16 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $55, B $1.46	$29,200/yr	$21,015/yr	SELF-FUNDING
CC at MID $50 0.5σ, B $2.44	$48,800/yr	$21,015/yr	SELF-FUNDING
AT 24% DRAWDOWN (stock $43.84 → $33.23, hedge $50,031/yr)
CC at SS income stress-adjusted	$11,600/yr	$50,031/yr	DEFICIT $3,203/mo
CC at MID income stress-adjusted	$11,600/yr	$50,031/yr	DEFICIT $3,203/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($50, bid $2.44) in NORMAL markets. Self-funds today.
In 24% drawdown, even MID is short ~$3,203/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

Main (...1299)15 fortress(es) · 3 actionable · overview rows

IREN (Main): HP 35P Roll-Down · exp Oct 16 '26, 36d

Stock: $43.84 HP: 20.2% OTM Current hedge: $22,103/yr Baseline (roll-fwd, savings vs this): $26,545/yr SS: $44.00 (unchanged) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $75,163/yr IV: HIGH OTM floor: 8% Stress: 24% DD Payback gate: 12mo (1.0yr) 4 PASS ⚠ ER 2026-11-05 INTRADAY (56d) 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	33	Dec 18	99d	24.7%	$2.85	$-1.77	$-3,540	$21,015	$50,031	$5,530	14	$4,000	9mo	1mo	1.88x	PASS
2	32	Dec 18	99d	27.0%	$2.54	$-1.46	$-2,920	$18,729	$43,136	$7,816	15	$6,000	9mo	1mo	1.94x	PASS
3	34	Dec 18	99d	22.4%	$3.25	$-2.17	$-4,340	$23,965	$47,081	$2,581	13	$2,000	9mo	0mo	1.81x	PASS
4	31	Dec 18	99d	29.3%	$2.25	$-1.17	$-2,340	$16,591	$39,449	$9,955	16	$8,000	10mo	1mo	2.00x	PASS

POST-REPAIR SUSTAINABILITY CC chain Oct 16 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $55, B $1.46	$29,200/yr	$21,015/yr	SELF-FUNDING
CC at MID $50 0.5σ, B $2.44	$48,800/yr	$21,015/yr	SELF-FUNDING
AT 24% DRAWDOWN (stock $43.84 → $33.23, hedge $50,031/yr)
CC at SS income stress-adjusted	$11,600/yr	$50,031/yr	DEFICIT $3,203/mo
CC at MID income stress-adjusted	$11,600/yr	$50,031/yr	DEFICIT $3,203/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($50, bid $2.44) in NORMAL markets. Self-funds today.
In 24% drawdown, even MID is short ~$3,203/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

DELL: HP 150P Maintenance Roll-Out · exp Oct 16 '26, 36d

Stock: $512.67 Current HP: 150P (36d, 70.7% OTM) Current hedge: $6,509/yr Current ML: $89,400 If HP lapses: ML $134,400 (+$45,000) Account: RetireInc (...7291) Contracts: 3 (300 sh) CC income: $731,372/yr Cost cap: 25% of CC = $182,843/yr IV: HIGH 60 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 150 → 150P (Nov 20 '26, 71d, 70.7% OTM) | Cost: $154/yr (0% of CC) | New ML: $89,400 = ML | Roll DEBIT $30 | Margin (TIMS): $29,671

PROTECTIVE PICK (lowest ML within cost cap): HP 150 → 390P (Nov 20 '26, 71d, 23.9% OTM) | Cost: $16,579/yr (2% of CC) | New ML: $17,400 ↓ $72,000 | Roll DEBIT $3,225 | Margin (TIMS): $12,678

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	150 CHEAP	Nov 20	71d	70.7%	$0.01	$0.10	$154	0%	$89,400	=	D $30
2	150	Dec 18	99d	70.7%	$0.06	$0.14	$155	0%	$89,400	=	D $42
3	165	Dec 18	99d	67.8%	$0.14	$0.24	$265	0%	$84,900	-$4,500	D $72
4	195	Nov 20	71d	62.0%	$0.03	$0.18	$278	0%	$75,900	-$13,500	D $54
5	200	Nov 20	71d	61.0%	$0.01	$0.28	$432	0%	$74,400	-$15,000	D $84
6	195	Dec 18	99d	62.0%	$0.10	$0.72	$796	0%	$75,900	-$13,500	D $216
7	230	Nov 20	71d	55.1%	$0.16	$0.54	$833	0%	$65,400	-$24,000	D $162
8	210	Dec 18	99d	59.0%	$0.32	$0.88	$973	0%	$71,400	-$18,000	D $264
9	200	Dec 18	99d	61.0%	$0.38	$0.93	$1,029	0%	$74,400	-$15,000	D $279
10	220	Nov 20	71d	57.1%	$0.16	$0.67	$1,033	0%	$68,400	-$21,000	D $201
11	240	Nov 20	71d	53.2%	$0.25	$0.67	$1,033	0%	$62,400	-$27,000	D $201
12	250	Nov 20	71d	51.2%	$0.26	$0.71	$1,095	0%	$59,400	-$30,000	D $213
▶ 13	390 PROT	Nov 20	71d	23.9%	$9.45	$10.75	$16,579	2%	$17,400	-$72,000	D $3,225

POST-REPAIR SUSTAINABILITY CC chain Oct 16 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $510, B $39.95	$119,850/yr	$154/yr	SELF-FUNDING
CC at MID $570 0.6σ, B $18.25	$54,750/yr	$154/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($510, bid $39.95). 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).