Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$291,056/yr

TOTAL HEDGE (REPAIRED)

$51,131/yr

ANNUAL SAVINGS

$239,925/yr

ROLL CREDITS

$72,500

ADDITIONAL MAX LOSS

$-35,000

PORTFOLIO ACTION SUMMARY · 42 positions

2 · ROLL NOW2 · REPAIR PLAN7 · LEAPS-ONLY31 · 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)9 fortress(es) · 5 actionable · IC $502,060 · notional $1,636,915
IREN (Joint) → +25C −47P +35P −55C	$47.15	25	47	35	55	$44.00	$50.43	12	1.75x	25.8%	SAFE	20	$32,000	$94,303	ROLL NOW (25d)
AMZN → +200C −250P +215P −275C	$258.14	200	250	215	275	$267.92	$269.81	35	1.52x	16.7%	SAFE	5	$33,960	$129,070	REPAIR PLAN (60d)
GOOG (Joint) +310C −355C	$351.73	310	0	0	355	$392.50	$347.03	0	1.00x	0.0%	N/A	5	$41,250	$175,865	LEAPS-ONLY
IBIT +75C	$49.01	75	0	0	0	$70.58	$50.64	0	1.00x	0.0%	N/A	50	$22,328	$245,050	LEAPS-ONLY
MSTR (Joint) +180C −170C	$167.81	180	0	0	170	$233.00	$165.30	0	1.00x	0.0%	N/A	10	$53,000	$167,810	LEAPS-ONLY
BMNR (Joint) +23C −18P +25P	$28.09	23	18	25	0	$36.42	$23.98	0	1.00x	11.0%	SAFE	150	$201,300	$421,350	OK
COPX +65C −90P +68P −92C	$87.44	65	90	68	92	$93.40	$95.96	22	1.77x	22.2%	SAFE	20	$56,800	$174,880	OK
HOOD +65C −95P +80P −145C	$124.00	65	95	80	145	$114.95	$119.28	15	1.30x	35.5%	SAFE	10	$49,950	$124,000	OK
MU (Joint) +670C −800P +420P −1150C	$1045.87	670	800	420	1150	$792.36	$807.66	380	4.31x	59.8%	SAFE	1	$11,472	$104,587	OK
Main (...1299)14 fortress(es) · 4 actionable · IC $1,208,360 · notional $3,561,385
IREN (Main) → +25C −47P +35P −55C	$47.15	25	47	35	55	$44.00	$50.43	12	1.75x	25.8%	SAFE	20	$32,000	$94,303	ROLL NOW (25d)
BMNR (Main) → +25C −18P +45P	$28.09	25	18	45	0	$65.83	$58.62	0	1.00x	-60.2%	ITM	50	$204,150	$140,450	REPAIR PLAN (116d)
IGV +70C −111C	$106.87	70	0	0	111	$96.50	$88.01	0	1.00x	0.0%	N/A	12	$31,800	$128,244	LEAPS-ONLY
MARA (Main) +13C	$13.21	13	0	0	0	$16.75	$10.81	0	1.00x	0.0%	N/A	400	$150,000	$528,400	LEAPS-ONLY
BMNR (Main) +23C −18P +25P	$28.09	23	18	25	0	$53.26	$46.57	0	1.00x	11.0%	SAFE	75	$226,950	$210,675	OK
COIN (Main) +165C −240P +90P −240C	$201.44	165	240	90	240	$210.90	$214.38	150	9.93x	55.3%	SAFE	8	$13,440	$161,152	OK
COIN (Main) +500C −330P +300P −240C	$201.44	500	330	300	240	$563.00	$359.11	30	1.48x	-48.9%	ITM	25	$157,500	$503,600	OK
DELL +310C −400P +320P −625C	$577.27	310	400	320	625	$562.50	$571.66	80	1.32x	44.6%	SAFE	3	$75,750	$173,181	OK
ETHA +13C −16P +10P	$20.85	13	16	10	0	$17.33	$17.71	6	2.39x	52.0%	SAFE	50	$21,650	$104,250	OK
GLD +320C −450P +330P −445C	$398.45	320	450	330	445	$456.00	$468.44	120	1.88x	17.2%	SAFE	10	$136,000	$398,450	OK
GLXY +38C −38P +18P −32C	$25.99	38	38	18	32	$39.71	$34.28	20	10.05x	32.7%	SAFE	125	$27,625	$324,875	OK
HIMS +10C −20P +5P −32C	$29.20	10	20	5	32	$17.47	$18.81	15	4.04x	82.9%	SAFE	15	$7,395	$43,800	OK
MU (Main) +880C −1010P +340P −1350C	$1045.87	880	1010	340	1350	$1028.60	$1045.10	670	5.51x	67.5%	SAFE	5	$74,300	$522,935	OK
NVDA +215C −225P +200P −232C	$227.07	215	225	200	232	$264.80	$229.06	25	1.50x	11.9%	SAFE	10	$49,800	$227,070	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $441,025 · notional $2,338,343
SPY +640C −782C	$773.75	640	0	0	782	$764.00	$701.04	0	1.00x	0.0%	N/A	12	$148,800	$928,500	LEAPS-ONLY
CRCL +45C −65P +40P −115C	$94.23	45	65	40	115	$87.00	$91.74	25	1.60x	57.6%	SAFE	5	$21,000	$47,115	OK
CRWV +105C −120P +40P −100C	$85.45	105	120	40	100	$125.45	$128.27	80	4.91x	53.2%	SAFE	5	$10,225	$42,725	OK
GOOG (Neville) +300C −345P +310P −375C	$351.73	300	345	310	375	$373.00	$345.03	35	1.48x	11.9%	SAFE	15	$109,500	$527,595	OK
GOOG (Neville) +340C −405P +360P −375C	$351.73	340	405	360	375	$398.00	$383.91	45	1.88x	-2.4%	ITM	5	$25,500	$175,865	OK
INTC +85C −100P +35P −130C	$121.84	85	100	35	130	$114.00	$115.58	65	3.24x	71.3%	SAFE	5	$14,500	$60,920	OK
IREN (Neville) +45C −65P +21P −58C	$47.15	45	65	21	58	$56.50	$57.81	44	15.67x	55.5%	SAFE	20	$6,000	$94,303	OK
MU (Neville) +970C −1110P +390P −1250C	$1045.87	970	1110	390	1250	$1220.00	$1233.36	720	3.88x	62.7%	SAFE	2	$50,000	$209,174	OK
SNDK +1200C −1380P +810P −1950C	$1760.51	1200	1380	810	1950	$1620.00	$1633.00	570	2.36x	54.0%	SAFE	1	$42,000	$176,051	OK
SPCX +150C −195P +135P −165C	$152.19	150	195	135	165	$186.00	$189.41	60	3.22x	11.3%	SAFE	5	$13,500	$76,095	OK
RetireInc (...7291)9 fortress(es) · 1 actionable · IC $180,200 · notional $1,235,488
MARA (RetireInc) +40C	$13.21	40	0	0	0	$41.04	$11.23	0	1.00x	0.0%	N/A	500	$52,000	$660,500	LEAPS-ONLY
AAPL +240C −330P +285P −345C	$339.34	240	330	285	345	$334.64	$337.25	45	1.48x	16.0%	SAFE	5	$47,320	$169,670	OK
APP +460C −540P +185P −370C	$333.84	460	540	185	370	$588.00	$609.68	355	3.77x	44.6%	SAFE	1	$12,800	$33,384	OK
CLSK +17C −17P +10P	$14.81	17	17	10	0	$20.74	$18.12	7	2.87x	32.5%	SAFE	25	$9,350	$37,038	OK
ENPH +45C −60P +20P	$34.85	45	60	20	0	$56.15	$58.69	40	6.48x	42.6%	SAFE	10	$7,300	$34,850	OK
IREN (RetireInc) +50C −70P +23P −58C	$47.15	50	70	23	58	$63.43	$66.22	47	7.86x	51.2%	SAFE	20	$13,700	$94,303	OK
MSTR (RetireInc) +125C −185P +55P −170C	$167.81	125	185	55	170	$161.00	$164.39	130	11.83x	67.2%	SAFE	4	$4,800	$67,124	OK
QCOM +190C −210P +100P −220C	$194.32	190	210	100	220	$224.00	$227.38	110	4.24x	48.5%	SAFE	5	$17,000	$97,160	OK
RKLB +115C −135P +45P	$69.10	115	135	45	0	$141.55	$147.92	90	4.39x	34.9%	SAFE	6	$15,930	$41,460	OK

AMZN: HP 215P Roll-Down · exp Nov 20 '26, 60d (no viable candidates)

Stock: $258.14 Current HP: 215P (60d, 16.7% OTM) Current hedge: $0/yr Gap: 0 Account: Joint (...1782) Contracts: 5 (500 sh) IV: MEDIUM

No HP candidates passed all filters. Reasons:

No candidate puts were priced for the roll-down DTE window. Try --hp-min-dte 60 or extend --hp-max-dte.

IREN (Joint): HP 35P Maintenance Roll · exp Oct 16 '26, 25d (no qualifying candidates)

Stock: $47.15 Current HP: 35P (25d) Current ML: $56,000 If HP lapses: ML $126,000 (+$70,000) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $0/yr Cost cap: 25% of CC = $0/yr IV: MEDIUM

No HP candidates passed all filters. Reasons:

No candidate puts were priced at or above the current HP strike. Try --hp-min-dte 60 or extend --hp-max-dte.

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

BMNR (Main): HP 45P Roll-Down · exp Jan 15 '27, 116d

Stock: $28.09 HP: ITM Current hedge: $291,056/yr Baseline: current hedge (no same-strike quote) SS: $65.83 (unchanged) Account: Main (...1299) Contracts: 50 (5,000 sh) CC income: $119,129/yr IV: HIGH OTM floor: 8% Stress: 25% DD Payback gate: 12mo (1.0yr) 5 PASS ⚠ ER 2026-11-20 INTRADAY (60d) 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	25	Jan 15	116d	11.0%	$3.25	$14.50	$72,500	$51,131	$54,121	$239,925	-7	$-35,000	N/A	N/A	0.83x	PASS
2	24	Jan 15	116d	14.6%	$2.78	$14.97	$74,850	$43,737	$58,841	$247,319	-6	$-30,000	N/A	N/A	0.85x	PASS
3	22	Jan 15	116d	19.9%	$2.21	$15.54	$77,700	$34,769	$65,920	$256,287	-4	$-22,500	N/A	N/A	0.89x	PASS
4	21	Jan 15	116d	25.2%	$1.65	$16.10	$80,500	$25,959	$76,304	$265,097	-3	$-15,000	N/A	N/A	0.93x	PASS
5	20	Jan 15	116d	28.8%	$1.35	$16.40	$82,000	$21,239	$67,651	$269,817	-2	$-10,000	N/A	N/A	0.95x	PASS

POST-REPAIR SUSTAINABILITY CC chain Oct 23 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS BELOW SS $59 — assignment locks a loss · $39, B $0.43	$24,188/yr	$51,131/yr	DEFICIT $2,245/mo
CC at MID $32 0.6σ, B $1.26	$70,875/yr	$51,131/yr	SELF-FUNDING
AT 25% DRAWDOWN (stock $28.09 → $21.11, hedge $54,121/yr)
CC at SS income stress-adjusted	$24,188/yr	$54,121/yr	DEFICIT $2,494/mo
CC at MID income stress-adjusted	$24,188/yr	$54,121/yr	DEFICIT $2,494/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($32, bid $1.26) in NORMAL markets. Self-funds today.
In 25% drawdown, even MID is short ~$2,494/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

IREN (Main): HP 35P Maintenance Roll · exp Oct 16 '26, 25d (no qualifying candidates)

Stock: $47.15 Current HP: 35P (25d) Current ML: $56,000 If HP lapses: ML $126,000 (+$70,000) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $0/yr Cost cap: 25% of CC = $0/yr IV: MEDIUM

No HP candidates passed all filters. Reasons:

No candidate puts were priced at or above the current HP strike. Try --hp-min-dte 60 or extend --hp-max-dte.

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).