Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$48,362/yr

TOTAL HEDGE (REPAIRED)

$49,179/yr

ANNUAL SAVINGS

$-816/yr

ROLL CREDITS

-$8,800

ADDITIONAL MAX LOSS

$4,000

PORTFOLIO ACTION SUMMARY · 42 positions

2 · REPAIR SOON1 · ROLL NOW7 · 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 $1,398,952
IREN (Joint) → +25C −47P +35P −55C	$43.28	25	47	35	55	$44.00	$50.54	12	1.75x	19.1%	SAFE	20	$32,000	$86,570	REPAIR SOON (32d)
GOOG (Joint) +310C −355C	$345.36	310	0	0	355	$392.50	$346.97	0	1.00x	0.0%	N/A	5	$41,250	$172,680	LEAPS-ONLY
IBIT +75C	$44.78	75	0	0	0	$70.58	$49.96	0	1.00x	0.0%	N/A	50	$22,328	$223,900	LEAPS-ONLY
MSTR (Joint) +180C −170C	$137.06	180	0	0	170	$233.00	$163.03	0	1.00x	0.0%	N/A	10	$53,000	$137,060	LEAPS-ONLY
AMZN +200C −250P +215P	$253.66	200	250	215	0	$267.92	$270.73	35	1.52x	15.2%	SAFE	5	$33,960	$126,830	OK
BMNR (Joint) +23C −18P +25P	$25.86	23	18	25	0	$36.42	$23.29	0	1.00x	3.3%	TIGHT	150	$201,300	$387,900	OK
COPX +65C −90P +68P	$85.62	65	90	68	0	$93.40	$96.05	22	1.77x	20.6%	SAFE	20	$56,800	$171,240	OK
MU (Joint) +670C −800P +420P −1250C	$927.72	670	800	420	1250	$792.36	$810.49	380	4.31x	54.7%	SAFE	1	$11,472	$92,772	OK
Main (...1299)15 fortress(es) · 3 actionable · IC $1,182,360 · notional $3,487,000
IREN (Main) → +25C −47P +35P −55C	$43.28	25	47	35	55	$44.00	$50.54	12	1.75x	19.1%	SAFE	20	$32,000	$86,570	REPAIR SOON (32d)
IGV +70C −111C	$106.73	70	0	0	111	$96.50	$88.17	0	1.00x	0.0%	N/A	12	$31,800	$128,076	LEAPS-ONLY
MARA (Main) +13C	$11.55	13	0	0	0	$16.75	$10.77	0	1.00x	0.0%	N/A	400	$150,000	$462,000	LEAPS-ONLY
BMNR (Main) +25C −18P +45P	$25.86	25	18	45	0	$65.83	$57.75	0	1.00x	-74.0%	ITM	50	$204,150	$129,300	OK
BMNR (Main) +23C −18P +25P	$25.86	23	18	25	0	$53.26	$46.01	0	1.00x	3.3%	TIGHT	75	$226,950	$193,950	OK
COIN (Main) +165C −240P +90P −220C	$192.06	165	240	90	220	$210.90	$216.92	150	9.93x	53.1%	SAFE	8	$13,440	$153,648	OK
COIN (Main) +500C −330P +300P −220C	$192.06	500	330	300	220	$563.00	$357.88	30	1.48x	-56.2%	ITM	25	$157,500	$480,150	OK
ETHA +13C −16P +10P	$19.19	13	16	10	0	$17.33	$17.71	6	2.39x	47.9%	SAFE	50	$21,650	$95,950	OK
GLD +320C −450P +330P −470C	$393.02	320	450	330	470	$456.00	$469.45	120	1.88x	16.0%	SAFE	10	$136,000	$393,020	OK
GLXY +38C −38P +18P	$24.21	38	38	18	0	$39.71	$35.50	20	10.05x	27.7%	SAFE	125	$27,625	$302,625	OK
HIMS +10C −20P +5P	$28.98	10	20	5	0	$17.47	$18.80	15	4.04x	82.7%	SAFE	15	$7,395	$43,470	OK
META +480C −650P +330P −665C	$667.97	480	650	330	665	$601.50	$603.99	320	5.38x	50.6%	SAFE	3	$21,900	$200,391	OK
MU (Main) +880C −1010P +340P −1210C	$927.72	880	1010	340	1210	$1028.60	$1050.62	670	5.51x	63.4%	SAFE	5	$74,300	$463,860	OK
NOW +80C −110P +90P −140C	$142.46	80	110	90	140	$108.93	$113.39	20	1.72x	36.8%	SAFE	10	$27,850	$142,460	OK
NVDA +215C −225P +200P	$211.53	215	225	200	0	$264.80	$229.53	25	1.50x	5.5%	OK	10	$49,800	$211,530	OK
RetireInc (...7291)9 fortress(es) · 2 actionable · IC $150,280 · notional $1,111,378
DELL → +340C −390P +150P −550C	$537.70	340	390	150	550	$398.00	$405.42	240	5.14x	72.1%	SAFE	3	$17,400	$161,310	ROLL NOW (32d)
MARA (RetireInc) +40C	$11.55	40	0	0	0	$41.04	$11.10	0	1.00x	0.0%	N/A	500	$52,000	$577,500	LEAPS-ONLY
APP +460C −540P +185P	$334.16	460	540	185	0	$588.00	$603.92	355	3.77x	44.6%	SAFE	1	$12,800	$33,416	OK
CLSK +17C −17P +10P	$13.33	17	17	10	0	$20.74	$17.71	7	2.87x	25.0%	SAFE	25	$9,350	$33,325	OK
ENPH +45C −60P +20P	$36.76	45	60	20	0	$56.15	$58.47	40	6.48x	45.6%	SAFE	10	$7,300	$36,760	OK
IREN (RetireInc) +50C −70P +23P −55C	$43.28	50	70	23	55	$63.43	$66.69	47	7.86x	46.9%	SAFE	20	$13,700	$86,570	OK
MSTR (RetireInc) +125C −185P +55P −170C	$137.06	125	185	55	170	$161.00	$165.64	130	11.83x	59.9%	SAFE	4	$4,800	$54,824	OK
QCOM +190C −210P +100P −220C	$180.55	190	210	100	220	$224.00	$226.56	110	4.24x	44.6%	SAFE	5	$17,000	$90,275	OK
RKLB +115C −135P +45P	$62.33	115	135	45	0	$141.55	$148.38	90	4.39x	27.8%	SAFE	6	$15,930	$37,398	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $433,989 · notional $2,296,533
SPY +640C	$761.40	640	0	0	0	$764.00	$703.89	0	1.00x	0.0%	N/A	12	$148,800	$913,680	LEAPS-ONLY
AMD +420C −490P +350P −580C	$495.52	420	490	350	580	$489.91	$500.13	140	3.01x	29.4%	SAFE	2	$13,964	$99,104	OK
CRWV +105C −120P +40P −125C	$83.60	105	120	40	125	$125.45	$128.52	80	4.91x	52.2%	SAFE	5	$10,225	$41,800	OK
GOOG (Neville) +300C −345P +310P −355C	$345.36	300	345	310	355	$373.00	$345.13	35	1.48x	10.2%	SAFE	15	$109,500	$518,040	OK
GOOG (Neville) +340C −405P +360P −355C	$345.36	340	405	360	355	$398.00	$383.47	45	1.88x	-4.2%	ITM	5	$25,500	$172,680	OK
INTC +85C −100P +35P −116C	$97.31	85	100	35	116	$114.00	$116.60	65	3.24x	64.0%	SAFE	5	$14,500	$48,655	OK
IREN (Neville) +45C −65P +21P −55C	$43.28	45	65	21	55	$56.50	$58.10	44	15.67x	51.5%	SAFE	20	$6,000	$86,570	OK
MU (Neville) +970C −1110P +390P −1250C	$927.72	970	1110	390	1250	$1220.00	$1237.76	720	3.88x	58.0%	SAFE	2	$50,000	$185,544	OK
SNDK +1200C −1380P +810P −1950C	$1560.50	1200	1380	810	1950	$1620.00	$1634.95	570	2.36x	48.1%	SAFE	1	$42,000	$156,050	OK
SPCX +150C −195P +135P	$148.82	150	195	135	0	$186.00	$188.83	60	3.22x	9.3%	OK	5	$13,500	$74,410	OK

IREN (Joint): HP 35P Roll-Down · exp Oct 16 '26, 32d

Stock: $43.28 HP: 19.1% OTM Current hedge: $24,181/yr Baseline (roll-fwd, savings vs this): $28,047/yr SS: $44.00 (unchanged) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $76,676/yr IV: HIGH OTM floor: 8% Stress: 24% DD Payback gate: 12mo (1.0yr) 4 PASS ⚠ ER 2026-11-05 INTRADAY (52d) 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	34	Dec 18	95d	21.5%	$3.20	$-2.20	$-4,400	$24,589	$45,222	$3,458	13	$2,000	7mo	0mo	1.81x	PASS
2	33	Dec 18	95d	23.8%	$2.85	$-1.85	$-3,700	$21,900	$49,563	$6,147	14	$4,000	8mo	1mo	1.88x	PASS
3	32	Dec 18	95d	26.1%	$2.50	$-1.50	$-3,000	$19,211	$45,337	$8,837	15	$6,000	8mo	1mo	1.94x	PASS
4	31	Dec 18	95d	28.4%	$2.31	$-1.31	$-2,620	$17,751	$41,111	$10,297	16	$8,000	9mo	1mo	2.00x	PASS

POST-REPAIR SUSTAINABILITY CC chain Oct 16 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $55, B $1.16	$26,100/yr	$24,589/yr	SELF-FUNDING
CC at MID $50 0.6σ, B $2.00	$45,000/yr	$24,589/yr	SELF-FUNDING
AT 24% DRAWDOWN (stock $43.28 → $32.95, hedge $45,222/yr)
CC at SS income stress-adjusted	$15,300/yr	$45,222/yr	DEFICIT $2,493/mo
CC at MID income stress-adjusted	$15,300/yr	$45,222/yr	DEFICIT $2,493/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($50, bid $2.00) in NORMAL markets. Self-funds today.
In 24% drawdown, even MID is short ~$2,493/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, 32d

Stock: $43.28 HP: 19.1% OTM Current hedge: $24,181/yr Baseline (roll-fwd, savings vs this): $28,047/yr SS: $44.00 (unchanged) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $76,676/yr IV: HIGH OTM floor: 8% Stress: 24% DD Payback gate: 12mo (1.0yr) 4 PASS ⚠ ER 2026-11-05 INTRADAY (52d) 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	34	Dec 18	95d	21.5%	$3.20	$-2.20	$-4,400	$24,589	$45,222	$3,458	13	$2,000	7mo	0mo	1.81x	PASS
2	33	Dec 18	95d	23.8%	$2.85	$-1.85	$-3,700	$21,900	$49,563	$6,147	14	$4,000	8mo	1mo	1.88x	PASS
3	32	Dec 18	95d	26.1%	$2.50	$-1.50	$-3,000	$19,211	$45,337	$8,837	15	$6,000	8mo	1mo	1.94x	PASS
4	31	Dec 18	95d	28.4%	$2.31	$-1.31	$-2,620	$17,751	$41,111	$10,297	16	$8,000	9mo	1mo	2.00x	PASS

POST-REPAIR SUSTAINABILITY CC chain Oct 16 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $55, B $1.16	$26,100/yr	$24,589/yr	SELF-FUNDING
CC at MID $50 0.6σ, B $2.00	$45,000/yr	$24,589/yr	SELF-FUNDING
AT 24% DRAWDOWN (stock $43.28 → $32.95, hedge $45,222/yr)
CC at SS income stress-adjusted	$15,300/yr	$45,222/yr	DEFICIT $2,493/mo
CC at MID income stress-adjusted	$15,300/yr	$45,222/yr	DEFICIT $2,493/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($50, bid $2.00) in NORMAL markets. Self-funds today.
In 24% drawdown, even MID is short ~$2,493/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

DELL: HP 150P Maintenance Roll-Out · exp Oct 16 '26, 32d

Stock: $537.70 Current HP: 150P (32d, 72.1% OTM) Current hedge: $3,217/yr Current ML: $89,400 If HP lapses: ML $134,400 (+$45,000) Account: RetireInc (...7291) Contracts: 3 (300 sh) CC income: $691,721/yr Cost cap: 25% of CC = $172,930/yr IV: HIGH 65 qualifying

CHEAPEST PICK (lowest annual cost, ML preserved): HP 150 → 150P (Nov 20 '26, 67d, 72.1% OTM) | Cost: $98/yr (0% of CC) | New ML: $89,400 = ML | Roll DEBIT $18 | Margin (TIMS): $32,918

PROTECTIVE PICK (lowest ML within cost cap): HP 150 → 390P (Nov 20 '26, 67d, 27.5% OTM) | Cost: $13,156/yr (2% of CC) | New ML: $17,400 ↓ $72,000 | Roll DEBIT $2,415 | Margin (TIMS): $15,699

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	150 CHEAP	Nov 20	67d	72.1%	$0.03	$0.06	$98	0%	$89,400	=	D $18
2	150	Dec 18	95d	72.1%	$0.05	$0.22	$254	0%	$89,400	=	D $66
3	165	Dec 18	95d	69.3%	$0.12	$0.23	$265	0%	$84,900	-$4,500	D $69
4	195	Nov 20	67d	63.7%	$0.03	$0.18	$294	0%	$75,900	-$13,500	D $54
5	185	Nov 20	67d	65.6%	$0.05	$0.20	$327	0%	$78,900	-$10,500	D $60
6	230	Nov 20	67d	57.2%	$0.17	$0.30	$490	0%	$65,400	-$24,000	D $90
7	200	Dec 18	95d	62.8%	$0.25	$0.44	$507	0%	$74,400	-$15,000	D $132
8	185	Dec 18	95d	65.6%	$0.24	$0.64	$738	0%	$78,900	-$10,500	D $192
9	195	Dec 18	95d	63.7%	$0.29	$0.70	$807	0%	$75,900	-$13,500	D $210
10	200	Nov 20	67d	62.8%	$0.01	$0.51	$834	0%	$74,400	-$15,000	D $153
11	250	Nov 20	67d	53.5%	$0.25	$0.59	$964	0%	$59,400	-$30,000	D $177
12	220	Nov 20	67d	59.1%	$0.06	$0.70	$1,144	0%	$68,400	-$21,000	D $210
▶ 13	390 PROT	Nov 20	67d	27.5%	$7.00	$8.05	$13,156	2%	$17,400	-$72,000	D $2,415

POST-REPAIR SUSTAINABILITY CC chain Oct 16 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $530, B $42.50	$143,438/yr	$98/yr	SELF-FUNDING
CC at MID $600 0.6σ, B $16.95	$57,206/yr	$98/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($530, bid $42.50). 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).