Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$393,199/yr

TOTAL HEDGE (REPAIRED)

$86,155/yr

ANNUAL SAVINGS

$307,044/yr

ROLL CREDITS

$79,190

ADDITIONAL MAX LOSS

$-500

PORTFOLIO ACTION SUMMARY · 41 positions

2 · REPAIR SOON2 · 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) · 5 actionable · IC $452,110 · notional $1,361,347
IREN (Joint) → +25C −47P +35P −55C	$42.88	25	47	35	55	$44.00	$50.52	12	1.75x	18.4%	SAFE	20	$32,000	$85,750	REPAIR SOON (29d)
AMZN → +200C −250P +215P −260C	$251.63	200	250	215	260	$267.92	$270.82	35	1.52x	14.6%	SAFE	5	$33,960	$125,815	REPAIR PLAN (64d)
GOOG (Joint) +310C −355C	$343.74	310	0	0	355	$392.50	$349.35	0	1.00x	0.0%	N/A	5	$41,250	$171,870	LEAPS-ONLY
IBIT +75C	$43.34	75	0	0	0	$70.58	$51.34	0	1.00x	0.0%	N/A	50	$22,328	$216,700	LEAPS-ONLY
MSTR (Joint) +180C −170C	$132.07	180	0	0	170	$233.00	$166.45	0	1.00x	0.0%	N/A	10	$53,000	$132,070	LEAPS-ONLY
BMNR (Joint) +23C −18P +25P	$23.87	23	18	25	0	$36.42	$23.42	0	1.00x	-4.7%	ITM	150	$201,300	$358,050	OK
COPX +65C −90P +68P −92C	$86.61	65	90	68	92	$93.40	$95.98	22	1.77x	21.5%	SAFE	20	$56,800	$173,220	OK
MU (Joint) +670C −800P +420P −1025C	$978.72	670	800	420	1025	$792.36	$813.89	380	4.31x	57.1%	SAFE	1	$11,472	$97,872	OK
Main (...1299)14 fortress(es) · 4 actionable · IC $1,208,360 · notional $3,244,273
IREN (Main) → +25C −47P +35P −55C	$42.88	25	47	35	55	$44.00	$50.52	12	1.75x	18.4%	SAFE	20	$32,000	$85,750	REPAIR SOON (29d)
BMNR (Main) → +25C −18P +45P	$23.87	25	18	45	0	$65.83	$58.68	0	1.00x	-88.5%	ITM	50	$204,150	$119,350	REPAIR PLAN (120d)
IGV +70C −111C	$105.88	70	0	0	111	$96.50	$87.67	0	1.00x	0.0%	N/A	12	$31,800	$127,056	LEAPS-ONLY
MARA (Main) +13C	$11.56	13	0	0	0	$16.75	$10.82	0	1.00x	0.0%	N/A	400	$150,000	$462,400	LEAPS-ONLY
BMNR (Main) +23C −18P +25P	$23.87	23	18	25	0	$53.26	$46.11	0	1.00x	-4.7%	ITM	75	$226,950	$179,025	OK
COIN (Main) +165C −240P +90P −188C	$173.59	165	240	90	188	$210.90	$218.88	150	9.93x	48.2%	SAFE	8	$13,440	$138,872	OK
COIN (Main) +500C −330P +300P −188C	$173.59	500	330	300	188	$563.00	$359.63	30	1.48x	-72.8%	ITM	25	$157,500	$433,975	OK
DELL +310C −400P +320P −595C	$592.45	310	400	320	595	$562.50	$569.97	80	1.32x	46.0%	SAFE	3	$75,750	$177,735	OK
ETHA +13C −16P +10P	$18.47	13	16	10	0	$17.33	$17.72	6	2.39x	45.9%	SAFE	50	$21,650	$92,350	OK
GLD +320C −450P +330P −470C	$398.43	320	450	330	470	$456.00	$469.11	120	1.88x	17.2%	SAFE	10	$136,000	$398,430	OK
GLXY +38C −38P +18P −26C	$22.28	38	38	18	26	$39.71	$35.45	20	10.05x	21.5%	SAFE	125	$27,625	$278,500	OK
HIMS +10C −20P +5P −32C	$27.80	10	20	5	32	$17.47	$18.64	15	4.04x	82.0%	SAFE	15	$7,395	$41,700	OK
MU (Main) +880C −1010P +340P −1210C	$978.72	880	1010	340	1210	$1028.60	$1047.89	670	5.51x	65.3%	SAFE	5	$74,300	$489,360	OK
NVDA +215C −225P +200P −232C	$219.77	215	225	200	232	$264.80	$229.94	25	1.50x	9.0%	OK	10	$49,800	$219,770	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $433,989 · notional $2,326,266
SPY +640C −770C	$763.15	640	0	0	770	$764.00	$704.49	0	1.00x	0.0%	N/A	12	$148,800	$915,780	LEAPS-ONLY
AMD +420C −490P +350P −580C	$545.42	420	490	350	580	$489.91	$499.67	140	3.01x	35.8%	SAFE	2	$13,964	$109,084	OK
CRWV +105C −120P +40P −125C	$79.90	105	120	40	125	$125.45	$128.61	80	4.91x	49.9%	SAFE	5	$10,225	$39,950	OK
GOOG (Neville) +300C −345P +310P −358C	$343.74	300	345	310	358	$373.00	$344.31	35	1.48x	9.8%	OK	15	$109,500	$515,610	OK
GOOG (Neville) +340C −405P +360P −358C	$343.74	340	405	360	358	$398.00	$384.43	45	1.88x	-4.7%	ITM	5	$25,500	$171,870	OK
INTC +85C −100P +35P −130C	$109.36	85	100	35	130	$114.00	$115.75	65	3.24x	68.0%	SAFE	5	$14,500	$54,680	OK
IREN (Neville) +45C −65P +21P −50C	$42.88	45	65	21	50	$56.50	$58.25	44	15.67x	51.0%	SAFE	20	$6,000	$85,750	OK
MU (Neville) +970C −1110P +390P −1250C	$978.72	970	1110	390	1250	$1220.00	$1237.20	720	3.88x	60.2%	SAFE	2	$50,000	$195,744	OK
SNDK +1200C −1380P +810P −1950C	$1605.28	1200	1380	810	1950	$1620.00	$1634.95	570	2.36x	49.5%	SAFE	1	$42,000	$160,528	OK
SPCX +150C −195P +135P −165C	$154.54	150	195	135	165	$186.00	$189.47	60	3.22x	12.6%	SAFE	5	$13,500	$77,270	OK
RetireInc (...7291)9 fortress(es) · 1 actionable · IC $180,200 · notional $1,122,365
MARA (RetireInc) +40C	$11.56	40	0	0	0	$41.04	$10.91	0	1.00x	0.0%	N/A	500	$52,000	$578,000	LEAPS-ONLY
AAPL +240C −330P +285P −345C	$337.93	240	330	285	345	$334.64	$337.85	45	1.48x	15.7%	SAFE	5	$47,320	$168,965	OK
APP +460C −540P +185P	$320.59	460	540	185	0	$588.00	$607.55	355	3.77x	42.3%	SAFE	1	$12,800	$32,059	OK
CLSK +17C −17P +10P	$13.28	17	17	10	0	$20.74	$18.17	7	2.87x	24.7%	SAFE	25	$9,350	$33,192	OK
ENPH +45C −60P +20P	$36.18	45	60	20	0	$56.15	$58.77	40	6.48x	44.7%	SAFE	10	$7,300	$36,180	OK
IREN (RetireInc) +50C −70P +23P −50C	$42.88	50	70	23	50	$63.43	$66.66	47	7.86x	46.4%	SAFE	20	$13,700	$85,750	OK
MSTR (RetireInc) +125C −185P +55P −170C	$132.07	125	185	55	170	$161.00	$165.53	130	11.83x	58.4%	SAFE	4	$4,800	$52,828	OK
QCOM +190C −210P +100P −220C	$189.71	190	210	100	220	$224.00	$226.67	110	4.24x	47.3%	SAFE	5	$17,000	$94,855	OK
RKLB +115C −135P +45P −75C	$67.56	115	135	45	75	$141.55	$148.50	90	4.39x	33.4%	SAFE	6	$15,930	$40,536	OK

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

Stock: $42.88 HP: 18.4% OTM Current hedge: $23,914/yr Baseline (roll-fwd, savings vs this): $25,550/yr SS: $44.00 (unchanged) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $69,933/yr IV: HIGH OTM floor: 8% Stress: 23% DD Payback gate: 12mo (1.0yr) 2 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	25.4%	$3.10	$-2.29	$-4,580	$18,858	$41,671	$6,692	15	$6,000	11mo	1mo	1.94x	PASS
2	32	Dec 18	92d	25.4%	$2.42	$-1.61	$-3,220	$19,202	$45,228	$6,348	15	$6,000	11mo	1mo	1.94x	PASS
3	31	Dec 18	92d	27.7%	$2.22	$-1.41	$-2,820	$17,615	$36,897	$7,935	16	$8,000	12mo	1mo	2.00x	FAIL
4	33	Dec 18	92d	23.0%	$2.74	$-1.93	$-3,860	$21,741	$49,394	$3,809	14	$4,000	13mo	1mo	1.88x	FAIL
5	34	Dec 18	92d	20.7%	$3.05	$-2.24	$-4,480	$24,201	$45,427	$1,349	13	$2,000	18mo	0mo	1.81x	FAIL

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $1.78	$35,600/yr	$18,858/yr	SELF-FUNDING
CC at MID $50 0.7σ, B $2.05	$41,000/yr	$18,858/yr	SELF-FUNDING
AT 23% DRAWDOWN (stock $42.88 → $32.98, hedge $41,671/yr)
CC at SS income stress-adjusted	$12,600/yr	$41,671/yr	DEFICIT $2,423/mo
CC at MID income stress-adjusted	$12,600/yr	$41,671/yr	DEFICIT $2,423/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($50, bid $2.05) in NORMAL markets. Self-funds today.
In 23% drawdown, even MID is short ~$2,423/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

AMZN: HP 215P Roll-Down · exp Nov 20 '26, 64d

RELAXED PASS — no candidate met the standard constraints. Widened gap-mult 2.0x → 8.0x; payback gate 1.0yr → 2.0yr to surface the best available option below. Treat as a guideline breach, not a clean repair.

Stock: $251.63 HP: 14.6% OTM Current hedge: $9,268/yr Baseline (roll-fwd, savings vs this): $8,365/yr SS: $267.92 (unchanged) Account: Joint (...1782) Contracts: 5 (500 sh) CC income: $20,467/yr IV: MEDIUM OTM floor: 10% Stress: 11% DD Payback gate: 12mo (1.0yr) 3 PASS ⚠ ER 2026-10-29 AMC (42d) 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	210	Jan 15	120d	16.5%	$4.55	$-1.50	$-750	$6,920	$14,600	$1,445	40	$2,500	21mo	1mo	1.59x	PASS
2	205	Jan 15	120d	18.5%	$3.80	$-0.75	$-375	$5,779	$12,167	$2,585	45	$5,000	23mo	3mo	1.66x	PASS
3	205	Dec 18	92d	18.5%	$2.94	$0.11	$55	$5,832	$12,497	$2,533	45	$5,000	24mo	3mo	1.66x	PASS
4	180	Dec 18	92d	28.5%	$1.04	$2.01	$1,005	$2,063	$4,027	$6,302	70	$17,500	33mo	8mo	2.03x	FAIL
5	180	Jan 15	120d	28.5%	$1.41	$1.64	$820	$2,144	$4,471	$6,220	70	$17,500	34mo	8mo	2.03x	FAIL
6	185	Dec 18	92d	26.5%	$1.24	$1.81	$905	$2,460	$5,078	$5,905	65	$15,000	30mo	7mo	1.96x	FAIL
7	185	Jan 15	120d	26.5%	$1.73	$1.32	$660	$2,631	$5,551	$5,734	65	$15,000	31mo	7mo	1.96x	FAIL
8	190	Dec 18	92d	24.5%	$1.51	$1.54	$770	$2,995	$6,447	$5,369	60	$12,500	28mo	6mo	1.88x	FAIL
9	190	Jan 15	120d	24.5%	$2.12	$0.93	$465	$3,224	$6,768	$5,140	60	$12,500	29mo	6mo	1.88x	FAIL
10	195	Dec 18	92d	22.5%	$1.91	$1.14	$570	$3,789	$8,034	$4,576	55	$10,000	26mo	5mo	1.81x	FAIL
11	195	Jan 15	120d	22.5%	$2.56	$0.49	$245	$3,893	$8,212	$4,471	55	$10,000	27mo	5mo	1.81x	FAIL
12	200	Dec 18	92d	20.5%	$2.35	$0.70	$350	$4,662	$10,117	$3,703	50	$7,500	24mo	4mo	1.74x	FAIL
13	200	Jan 15	120d	20.5%	$3.15	$-0.10	$-50	$4,791	$10,114	$3,574	50	$7,500	25mo	4mo	1.74x	FAIL
14	210	Dec 18	92d	16.5%	$3.65	$-0.60	$-300	$7,240	$15,473	$1,124	40	$2,500	27mo	1mo	1.59x	FAIL

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $275, B $2.27	$11,350/yr	$6,920/yr	SELF-FUNDING
CC at MID $265 0.6σ, B $4.45	$22,250/yr	$6,920/yr	SELF-FUNDING
AT 11% DRAWDOWN (stock $251.63 → $223.20, hedge $14,600/yr)
CC at SS income stress-adjusted	$950/yr	$14,600/yr	DEFICIT $1,138/mo
CC at MID income stress-adjusted	$1,700/yr	$14,600/yr	DEFICIT $1,075/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($265, bid $4.45) in NORMAL markets. Self-funds today.
In 11% drawdown, even MID is short ~$1,075/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: $42.88 HP: 18.4% OTM Current hedge: $23,914/yr Baseline (roll-fwd, savings vs this): $25,550/yr SS: $44.00 (unchanged) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $69,933/yr IV: HIGH OTM floor: 8% Stress: 23% DD Payback gate: 12mo (1.0yr) 2 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	25.4%	$3.10	$-2.29	$-4,580	$18,858	$41,671	$6,692	15	$6,000	11mo	1mo	1.94x	PASS
2	32	Dec 18	92d	25.4%	$2.42	$-1.61	$-3,220	$19,202	$45,228	$6,348	15	$6,000	11mo	1mo	1.94x	PASS
3	31	Dec 18	92d	27.7%	$2.22	$-1.41	$-2,820	$17,615	$36,897	$7,935	16	$8,000	12mo	1mo	2.00x	FAIL
4	33	Dec 18	92d	23.0%	$2.74	$-1.93	$-3,860	$21,741	$49,394	$3,809	14	$4,000	13mo	1mo	1.88x	FAIL
5	34	Dec 18	92d	20.7%	$3.05	$-2.24	$-4,480	$24,201	$45,427	$1,349	13	$2,000	18mo	0mo	1.81x	FAIL

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $1.78	$35,600/yr	$18,858/yr	SELF-FUNDING
CC at MID $50 0.7σ, B $2.05	$41,000/yr	$18,858/yr	SELF-FUNDING
AT 23% DRAWDOWN (stock $42.88 → $32.98, hedge $41,671/yr)
CC at SS income stress-adjusted	$12,600/yr	$41,671/yr	DEFICIT $2,423/mo
CC at MID income stress-adjusted	$12,600/yr	$41,671/yr	DEFICIT $2,423/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($50, bid $2.05) in NORMAL markets. Self-funds today.
In 23% drawdown, even MID is short ~$2,423/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: $23.87 HP: ITM Current hedge: $336,104/yr Baseline: current hedge (no same-strike quote) SS: $65.83 (unchanged) Account: Main (...1299) Contracts: 50 (5,000 sh) CC income: $64,751/yr IV: HIGH OTM floor: 8% Stress: 25% 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	12.0%	$2.73	$17.82	$89,100	$41,519	$42,127	$294,585	-3	$-15,000	N/A	N/A	0.93x	PASS
2	20	Jan 15	120d	16.2%	$2.21	$18.34	$91,700	$33,610	$45,929	$302,494	-2	$-10,000	N/A	N/A	0.95x	PASS
3	19	Jan 15	120d	20.4%	$1.85	$18.70	$93,500	$28,135	$56,575	$307,969	-1	$-5,000	N/A	N/A	0.98x	PASS
4	18	Jan 15	120d	24.6%	$1.45	$19.10	$95,500	$22,052	$66,460	$314,052	0	$0	N/A	N/A	1.00x	PASS
5	17	Jan 15	120d	28.8%	$1.37	$19.18	$95,900	$20,835	$51,708	$315,269	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 $59 — assignment locks a loss · $36, B $0.22	$11,000/yr	$41,519/yr	DEFICIT $2,543/mo
CC at MID $28 0.6σ, B $0.96	$48,000/yr	$41,519/yr	SELF-FUNDING
AT 25% DRAWDOWN (stock $23.87 → $17.91, hedge $42,127/yr)
CC at SS income stress-adjusted	$11,000/yr	$42,127/yr	DEFICIT $2,594/mo
CC at MID income stress-adjusted	$11,000/yr	$42,127/yr	DEFICIT $2,594/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($28, bid $0.96) in NORMAL markets. Self-funds today.
In 25% drawdown, even MID is short ~$2,594/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

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).