Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$387,477/yr

TOTAL HEDGE (REPAIRED)

$83,646/yr

ANNUAL SAVINGS

$303,831/yr

ROLL CREDITS

$84,270

ADDITIONAL MAX LOSS

$-3,000

PORTFOLIO ACTION SUMMARY · 40 positions

2 · REPAIR SOON1 · REPAIR PLAN7 · LEAPS-ONLY30 · 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 $1,354,013
IREN (Joint) → +25C −47P +35P −55C	$43.43	25	47	35	55	$44.00	$50.69	12	1.75x	19.4%	SAFE	20	$32,000	$86,860	REPAIR SOON (29d)
GOOG (Joint) +310C −355C	$340.76	310	0	0	355	$392.50	$347.15	0	1.00x	0.0%	N/A	5	$41,250	$170,380	LEAPS-ONLY
IBIT +75C	$43.22	75	0	0	0	$70.58	$51.18	0	1.00x	0.0%	N/A	50	$22,328	$216,100	LEAPS-ONLY
MSTR (Joint) +180C −170C	$129.17	180	0	0	170	$233.00	$165.77	0	1.00x	0.0%	N/A	10	$53,000	$129,170	LEAPS-ONLY
AMZN +200C −250P +215P	$249.70	200	250	215	0	$267.92	$270.21	35	1.52x	13.9%	SAFE	5	$33,960	$124,850	OK
BMNR (Joint) +23C −18P +25P	$23.63	23	18	25	0	$36.42	$23.55	0	1.00x	-5.8%	ITM	150	$201,300	$354,450	OK
COPX +65C −90P +68P	$86.83	65	90	68	0	$93.40	$96.29	22	1.77x	21.7%	SAFE	20	$56,800	$173,660	OK
MU (Joint) +670C −800P +420P −1250C	$985.43	670	800	420	1250	$792.36	$813.14	380	4.31x	57.4%	SAFE	1	$11,472	$98,543	OK
Main (...1299)14 fortress(es) · 4 actionable · IC $1,208,360 · notional $3,203,219
IREN (Main) → +25C −47P +35P −55C	$43.43	25	47	35	55	$44.00	$50.69	12	1.75x	19.4%	SAFE	20	$32,000	$86,860	REPAIR SOON (29d)
BMNR (Main) → +25C −18P +45P	$23.63	25	18	45	0	$65.83	$57.83	0	1.00x	-90.4%	ITM	50	$204,150	$118,150	REPAIR PLAN (120d)
IGV +70C −111C	$105.40	70	0	0	111	$96.50	$88.37	0	1.00x	0.0%	N/A	12	$31,800	$126,480	LEAPS-ONLY
MARA (Main) +13C	$11.07	13	0	0	0	$16.75	$10.94	0	1.00x	0.0%	N/A	400	$150,000	$442,800	LEAPS-ONLY
BMNR (Main) +23C −18P +25P	$23.63	23	18	25	0	$53.26	$46.22	0	1.00x	-5.8%	ITM	75	$226,950	$177,225	OK
COIN (Main) +165C −240P +90P	$166.80	165	240	90	0	$210.90	$214.70	150	9.93x	46.0%	SAFE	8	$13,440	$133,440	OK
COIN (Main) +500C −330P +300P	$166.80	500	330	300	0	$563.00	$356.09	30	1.48x	-79.9%	ITM	25	$157,500	$417,000	OK
DELL +310C −400P +320P −595C	$579.43	310	400	320	595	$562.50	$571.48	80	1.32x	44.8%	SAFE	3	$75,750	$173,829	OK
ETHA +13C −16P +10P	$18.48	13	16	10	0	$17.33	$17.83	6	2.39x	45.9%	SAFE	50	$21,650	$92,400	OK
GLD +320C −450P +330P −470C	$400.43	320	450	330	470	$456.00	$469.83	120	1.88x	17.6%	SAFE	10	$136,000	$400,430	OK
GLXY +38C −38P +18P	$22.47	38	38	18	0	$39.71	$34.36	20	10.05x	22.1%	SAFE	125	$27,625	$280,875	OK
HIMS +10C −20P +5P	$28.61	10	20	5	0	$17.47	$18.79	15	4.04x	82.5%	SAFE	15	$7,395	$42,915	OK
MU (Main) +880C −1010P +340P −1210C	$985.43	880	1010	340	1210	$1028.60	$1050.34	670	5.51x	65.5%	SAFE	5	$74,300	$492,715	OK
NVDA +215C −225P +200P −222C	$218.10	215	225	200	222	$264.80	$229.85	25	1.50x	8.3%	OK	10	$49,800	$218,100	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $433,989 · notional $2,319,512
SPY +640C	$761.33	640	0	0	0	$764.00	$704.26	0	1.00x	0.0%	N/A	12	$148,800	$913,596	LEAPS-ONLY
AMD +420C −490P +350P −580C	$535.92	420	490	350	580	$489.91	$499.38	140	3.01x	34.7%	SAFE	2	$13,964	$107,184	OK
CRWV +105C −120P +40P −125C	$80.10	105	120	40	125	$125.45	$128.70	80	4.91x	50.1%	SAFE	5	$10,225	$40,050	OK
GOOG (Neville) +300C −345P +310P −355C	$340.76	300	345	310	355	$373.00	$345.66	35	1.48x	9.0%	OK	15	$109,500	$511,140	OK
GOOG (Neville) +340C −405P +360P −355C	$340.76	340	405	360	355	$398.00	$385.31	45	1.88x	-5.6%	ITM	5	$25,500	$170,380	OK
INTC +85C −100P +35P −116C	$107.72	85	100	35	116	$114.00	$116.24	65	3.24x	67.5%	SAFE	5	$14,500	$53,858	OK
IREN (Neville) +45C −65P +21P −55C	$43.43	45	65	21	55	$56.50	$58.20	44	15.67x	51.6%	SAFE	20	$6,000	$86,860	OK
MU (Neville) +970C −1110P +390P −1250C	$985.43	970	1110	390	1250	$1220.00	$1237.82	720	3.88x	60.4%	SAFE	2	$50,000	$197,086	OK
SNDK +1200C −1380P +810P −1950C	$1621.84	1200	1380	810	1950	$1620.00	$1635.75	570	2.36x	50.1%	SAFE	1	$42,000	$162,184	OK
SPCX +150C −195P +135P −165C	$154.35	150	195	135	165	$186.00	$189.63	60	3.22x	12.5%	SAFE	5	$13,500	$77,175	OK
RetireInc (...7291)8 fortress(es) · 1 actionable · IC $132,880 · notional $927,623
MARA (RetireInc) +40C	$11.07	40	0	0	0	$41.04	$10.74	0	1.00x	0.0%	N/A	500	$52,000	$553,500	LEAPS-ONLY
APP +460C −540P +185P	$318.26	460	540	185	0	$588.00	$603.91	355	3.77x	41.9%	SAFE	1	$12,800	$31,826	OK
CLSK +17C −17P +10P	$13.02	17	17	10	0	$20.74	$17.77	7	2.87x	23.2%	SAFE	25	$9,350	$32,550	OK
ENPH +45C −60P +20P	$36.08	45	60	20	0	$56.15	$58.45	40	6.48x	44.6%	SAFE	10	$7,300	$36,080	OK
IREN (RetireInc) +50C −70P +23P −55C	$43.43	50	70	23	55	$63.43	$66.70	47	7.86x	47.0%	SAFE	20	$13,700	$86,860	OK
MSTR (RetireInc) +125C −185P +55P −170C	$129.17	125	185	55	170	$161.00	$165.31	130	11.83x	57.4%	SAFE	4	$4,800	$51,668	OK
QCOM +190C −210P +100P −220C	$189.35	190	210	100	220	$224.00	$225.80	110	4.24x	47.2%	SAFE	5	$17,000	$94,675	OK
RKLB +115C −135P +45P	$67.44	115	135	45	0	$141.55	$149.29	90	4.39x	33.3%	SAFE	6	$15,930	$40,464	OK

IREN (Joint): HP 35P Roll-Down · exp Oct 16 '26, 29d

Stock: $43.43 HP: 19.4% OTM Current hedge: $24,166/yr Baseline (roll-fwd, savings vs this): $26,158/yr SS: $44.00 (unchanged) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $84,103/yr IV: HIGH OTM floor: 8% Stress: 24% DD Payback gate: 12mo (1.0yr) 3 PASS ⚠ ER 2026-11-05 INTRADAY (49d) 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	32	Jan 15	120d	26.3%	$3.15	$-2.27	$-4,540	$19,162	$41,062	$6,996	15	$6,000	10mo	1mo	1.94x	PASS
2	31	Dec 18	92d	28.6%	$2.23	$-1.35	$-2,700	$17,695	$41,261	$8,464	16	$8,000	11mo	1mo	2.00x	PASS
3	32	Dec 18	92d	26.3%	$2.52	$-1.64	$-3,280	$19,996	$45,228	$6,163	15	$6,000	12mo	1mo	1.94x	PASS
4	33	Dec 18	92d	24.0%	$2.83	$-1.95	$-3,900	$22,455	$50,227	$3,703	14	$4,000	13mo	1mo	1.88x	FAIL
5	34	Dec 18	92d	21.7%	$3.10	$-2.22	$-4,440	$24,598	$47,053	$1,561	13	$2,000	15mo	0mo	1.81x	FAIL

POST-REPAIR SUSTAINABILITY CC chain Oct 23 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $2.00	$40,000/yr	$19,162/yr	SELF-FUNDING
CC at MID $51 0.7σ, B $2.00	$40,000/yr	$19,162/yr	SELF-FUNDING
AT 24% DRAWDOWN (stock $43.43 → $32.87, hedge $41,062/yr)
CC at SS income stress-adjusted	$8,800/yr	$41,062/yr	DEFICIT $2,689/mo
CC at MID income stress-adjusted	$8,800/yr	$41,062/yr	DEFICIT $2,689/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($51, bid $2.00) in NORMAL markets. Self-funds today.
In 24% drawdown, even MID is short ~$2,689/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

Main (...1299)14 fortress(es) · 4 actionable · overview rows

IREN (Main): HP 35P Roll-Down · exp Oct 16 '26, 29d

Stock: $43.43 HP: 19.4% OTM Current hedge: $24,166/yr Baseline (roll-fwd, savings vs this): $26,158/yr SS: $44.00 (unchanged) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $84,103/yr IV: HIGH OTM floor: 8% Stress: 24% DD Payback gate: 12mo (1.0yr) 3 PASS ⚠ ER 2026-11-05 INTRADAY (49d) 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	32	Jan 15	120d	26.3%	$3.15	$-2.27	$-4,540	$19,162	$41,062	$6,996	15	$6,000	10mo	1mo	1.94x	PASS
2	31	Dec 18	92d	28.6%	$2.23	$-1.35	$-2,700	$17,695	$41,261	$8,464	16	$8,000	11mo	1mo	2.00x	PASS
3	32	Dec 18	92d	26.3%	$2.52	$-1.64	$-3,280	$19,996	$45,228	$6,163	15	$6,000	12mo	1mo	1.94x	PASS
4	33	Dec 18	92d	24.0%	$2.83	$-1.95	$-3,900	$22,455	$50,227	$3,703	14	$4,000	13mo	1mo	1.88x	FAIL
5	34	Dec 18	92d	21.7%	$3.10	$-2.22	$-4,440	$24,598	$47,053	$1,561	13	$2,000	15mo	0mo	1.81x	FAIL

POST-REPAIR SUSTAINABILITY CC chain Oct 23 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $2.00	$40,000/yr	$19,162/yr	SELF-FUNDING
CC at MID $51 0.7σ, B $2.00	$40,000/yr	$19,162/yr	SELF-FUNDING
AT 24% DRAWDOWN (stock $43.43 → $32.87, hedge $41,062/yr)
CC at SS income stress-adjusted	$8,800/yr	$41,062/yr	DEFICIT $2,689/mo
CC at MID income stress-adjusted	$8,800/yr	$41,062/yr	DEFICIT $2,689/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($51, bid $2.00) in NORMAL markets. Self-funds today.
In 24% drawdown, even MID is short ~$2,689/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

BMNR (Main): HP 45P Roll-Down · exp Jan 15 '27, 120d

Stock: $23.63 HP: ITM Current hedge: $339,146/yr Baseline: current hedge (no same-strike quote) SS: $65.83 (unchanged) Account: Main (...1299) Contracts: 50 (5,000 sh) CC income: $98,365/yr IV: HIGH OTM floor: 8% Stress: 26% DD Payback gate: 12mo (1.0yr) 5 PASS ⚠ ER 2026-11-20 INTRADAY (64d) 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	21	Jan 15	120d	11.1%	$2.98	$18.67	$93,350	$45,321	$44,560	$293,825	-3	$-15,000	N/A	N/A	0.93x	PASS
2	20	Jan 15	120d	15.4%	$2.44	$19.21	$96,050	$37,108	$48,362	$302,038	-2	$-10,000	N/A	N/A	0.95x	PASS
3	19	Jan 15	120d	19.6%	$2.03	$19.62	$98,100	$30,873	$52,925	$308,273	-1	$-5,000	N/A	N/A	0.98x	PASS
4	18	Jan 15	120d	23.8%	$1.60	$20.05	$100,250	$24,333	$62,050	$314,812	0	$0	N/A	N/A	1.00x	PASS
5	17	Jan 15	120d	28.1%	$1.33	$20.32	$101,600	$20,227	$56,271	$318,919	1	$5,000	0mo	0mo	1.02x	PASS

POST-REPAIR SUSTAINABILITY CC chain Oct 23 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS BELOW SS $58 — assignment locks a loss · $36, B $0.11	$5,500/yr	$45,321/yr	DEFICIT $3,318/mo
CC at MID $28 0.7σ, B $0.80	$40,000/yr	$45,321/yr	DEFICIT $443/mo
AT 26% DRAWDOWN (stock $23.63 → $17.49, hedge $44,560/yr)
CC at SS income stress-adjusted	$5,500/yr	$44,560/yr	DEFICIT $3,255/mo
CC at MID income stress-adjusted	$5,500/yr	$44,560/yr	DEFICIT $3,255/mo

NOT SELF-FUNDING Requires ongoing capital even at MID

CC WRITING STRATEGY

NO SAFE CC STRATEGY at the current chain. Hedge bleeds even at MID strike. Either restructure (deeper-OTM HP, smaller position) or commit to ongoing capital subsidy.

FIGHT no published plan for this fortress (seam as of 2026-09-17 21:49). Fight plans cover uncovered deep-drawdown fortresses; a covered or shallow slice deliberately has none.

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).