Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$314,584/yr

TOTAL HEDGE (REPAIRED)

$61,431/yr

ANNUAL SAVINGS

$253,154/yr

ROLL CREDITS

$72,240

ADDITIONAL MAX LOSS

$-32,500

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 $1,596,551
IREN (Joint) → +25C −47P +35P −55C	$43.97	25	47	35	55	$44.00	$50.42	12	1.75x	20.4%	SAFE	20	$32,000	$87,940	ROLL NOW (21d)
AMZN → +200C −250P +215P −258C	$250.66	200	250	215	258	$267.92	$270.88	35	1.52x	14.2%	SAFE	5	$33,960	$125,330	REPAIR PLAN (56d)
GOOG (Joint) +310C −355C	$341.37	310	0	0	355	$392.50	$347.64	0	1.00x	0.0%	N/A	5	$41,250	$170,685	LEAPS-ONLY
IBIT +75C	$47.56	75	0	0	0	$70.58	$51.44	0	1.00x	0.0%	N/A	50	$22,328	$237,800	LEAPS-ONLY
MSTR (Joint) +180C −170C	$159.26	180	0	0	170	$233.00	$167.85	0	1.00x	0.0%	N/A	10	$53,000	$159,260	LEAPS-ONLY
BMNR (Joint) +23C −18P +25P	$27.61	23	18	25	0	$36.42	$24.06	0	1.00x	9.5%	OK	150	$201,300	$414,150	OK
COPX +65C −90P +68P −90C	$86.79	65	90	68	90	$93.40	$95.90	22	1.77x	21.6%	SAFE	20	$56,800	$173,580	OK
HOOD +65C −95P +80P	$119.36	65	95	80	0	$114.95	$118.76	15	1.30x	33.0%	SAFE	10	$49,950	$119,360	OK
MU (Joint) +670C −800P +420P −1250C	$1084.46	670	800	420	1250	$792.36	$807.52	380	4.31x	61.3%	SAFE	1	$11,472	$108,446	OK
Main (...1299)14 fortress(es) · 4 actionable · IC $1,208,360 · notional $3,488,753
IREN (Main) → +25C −47P +35P −55C	$43.97	25	47	35	55	$44.00	$50.42	12	1.75x	20.4%	SAFE	20	$32,000	$87,940	ROLL NOW (21d)
BMNR (Main) → +25C −18P +45P	$27.61	25	18	45	0	$65.83	$59.04	0	1.00x	-63.0%	ITM	50	$204,150	$138,050	REPAIR PLAN (112d)
IGV +70C −111C	$106.12	70	0	0	111	$96.50	$88.07	0	1.00x	0.0%	N/A	12	$31,800	$127,344	LEAPS-ONLY
MARA (Main) +13C	$12.57	13	0	0	0	$16.75	$11.22	0	1.00x	0.0%	N/A	400	$150,000	$502,800	LEAPS-ONLY
BMNR (Main) +23C −18P +25P	$27.61	23	18	25	0	$53.26	$46.65	0	1.00x	9.5%	OK	75	$226,950	$207,075	OK
COIN (Main) +165C −240P +90P −240C	$195.08	165	240	90	240	$210.90	$215.90	150	9.93x	53.9%	SAFE	8	$13,440	$156,064	OK
COIN (Main) +500C −330P +300P −240C	$195.08	500	330	300	240	$563.00	$369.56	30	1.48x	-53.8%	ITM	25	$157,500	$487,700	OK
DELL +310C −400P +320P −610C	$565.35	310	400	320	610	$562.50	$570.22	80	1.32x	43.4%	SAFE	3	$75,750	$169,605	OK
ETHA +13C −16P +10P	$20.34	13	16	10	0	$17.33	$17.66	6	2.39x	50.8%	SAFE	50	$21,650	$101,700	OK
GLD +320C −450P +330P −430C	$393.59	320	450	330	430	$456.00	$468.59	120	1.88x	16.2%	SAFE	10	$136,000	$393,590	OK
GLXY +38C −38P +18P −30C	$24.45	38	38	18	30	$39.71	$34.90	20	10.05x	28.4%	SAFE	125	$27,625	$305,625	OK
HIMS +10C −20P +5P −32C	$29.44	10	20	5	32	$17.47	$19.42	15	4.04x	83.0%	SAFE	15	$7,395	$44,160	OK
MU (Main) +880C −1010P +340P −1350C	$1084.46	880	1010	340	1350	$1028.60	$1044.75	670	5.51x	68.6%	SAFE	5	$74,300	$542,230	OK
NVDA +215C −225P +200P −230C	$224.87	215	225	200	230	$264.80	$229.27	25	1.50x	11.1%	SAFE	10	$49,800	$224,870	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $441,025 · notional $2,316,117
SPY +640C −782C	$772.08	640	0	0	782	$764.00	$702.10	0	1.00x	0.0%	N/A	12	$148,800	$926,496	LEAPS-ONLY
CRCL +45C −65P +40P	$88.65	45	65	40	0	$87.00	$89.66	25	1.60x	54.9%	SAFE	5	$21,000	$44,325	OK
CRWV +105C −120P +40P −95C	$87.86	105	120	40	95	$125.45	$128.11	80	4.91x	54.5%	SAFE	5	$10,225	$43,930	OK
GOOG (Neville) +300C −345P +310P −355C	$341.37	300	345	310	355	$373.00	$344.01	35	1.48x	9.2%	OK	15	$109,500	$512,055	OK
GOOG (Neville) +340C −405P +360P −355C	$341.37	340	405	360	355	$398.00	$385.59	45	1.88x	-5.5%	ITM	5	$25,500	$170,685	OK
INTC +85C −100P +35P −160C	$123.49	85	100	35	160	$114.00	$115.96	65	3.24x	71.7%	SAFE	5	$14,500	$61,745	OK
IREN (Neville) +45C −65P +21P	$43.97	45	65	21	0	$56.50	$58.01	44	15.67x	52.2%	SAFE	20	$6,000	$87,940	OK
MU (Neville) +970C −1110P +390P −1250C	$1084.46	970	1110	390	1250	$1220.00	$1235.56	720	3.88x	64.0%	SAFE	2	$50,000	$216,892	OK
SNDK +1200C −1380P +810P −2200C	$1775.94	1200	1380	810	2200	$1620.00	$1629.95	570	2.36x	54.4%	SAFE	1	$42,000	$177,594	OK
SPCX +150C −195P +135P −155C	$148.91	150	195	135	155	$186.00	$190.18	60	3.22x	9.3%	OK	5	$13,500	$74,455	OK
RetireInc (...7291)9 fortress(es) · 1 actionable · IC $180,200 · notional $1,195,072
MARA (RetireInc) +40C	$12.57	40	0	0	0	$41.04	$11.59	0	1.00x	0.0%	N/A	500	$52,000	$628,500	LEAPS-ONLY
AAPL +240C −330P +285P −342C	$341.55	240	330	285	342	$334.64	$336.72	45	1.48x	16.6%	SAFE	5	$47,320	$170,775	OK
APP +460C −540P +185P −335C	$310.77	460	540	185	335	$588.00	$613.19	355	3.77x	40.5%	SAFE	1	$12,800	$31,077	OK
CLSK +17C −17P +10P	$13.94	17	17	10	0	$20.74	$18.49	7	2.87x	28.2%	SAFE	25	$9,350	$34,838	OK
ENPH +45C −60P +20P	$32.53	45	60	20	0	$56.15	$58.80	40	6.48x	38.5%	SAFE	10	$7,300	$32,530	OK
IREN (RetireInc) +50C −70P +23P	$43.97	50	70	23	0	$63.43	$66.71	47	7.86x	47.7%	SAFE	20	$13,700	$87,940	OK
MSTR (RetireInc) +125C −185P +55P −170C	$159.26	125	185	55	170	$161.00	$163.54	130	11.83x	65.5%	SAFE	4	$4,800	$63,704	OK
QCOM +190C −210P +100P −220C	$202.52	190	210	100	220	$224.00	$226.00	110	4.24x	50.6%	SAFE	5	$17,000	$101,260	OK
RKLB +115C −135P +45P −85C	$74.08	115	135	45	85	$141.55	$147.57	90	4.39x	39.3%	SAFE	6	$15,930	$44,448	OK

AMZN: HP 215P Roll-Down · exp Nov 20 '26, 56d

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: $250.66 HP: 14.2% OTM Current hedge: $9,060/yr Baseline (roll-fwd, savings vs this): $8,229/yr SS: $267.92 (unchanged) Account: Joint (...1782) Contracts: 5 (500 sh) CC income: $19,987/yr IV: MEDIUM OTM floor: 10% Stress: 11% DD Payback gate: 12mo (1.0yr) 3 PASS ⚠ ER 2026-10-29 AMC (34d) 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	112d	16.2%	$4.20	$-1.52	$-760	$6,844	$14,991	$1,385	40	$2,500	22mo	1mo	1.59x	PASS
2	205	Dec 18	84d	18.2%	$2.57	$0.11	$55	$5,584	$16,403	$2,645	45	$5,000	23mo	3mo	1.66x	PASS
3	205	Jan 15	112d	18.2%	$3.45	$-0.77	$-385	$5,622	$12,302	$2,607	45	$5,000	23mo	3mo	1.66x	PASS
4	180	Dec 18	84d	28.2%	$0.83	$1.85	$925	$1,803	$5,584	$6,426	70	$17,500	33mo	8mo	2.03x	FAIL
5	180	Jan 15	112d	28.2%	$1.23	$1.45	$725	$2,004	$4,188	$6,225	70	$17,500	34mo	8mo	2.03x	FAIL
6	185	Dec 18	84d	26.2%	$1.06	$1.62	$810	$2,303	$7,170	$5,926	65	$15,000	30mo	7mo	1.96x	FAIL
7	185	Jan 15	112d	26.2%	$1.54	$1.14	$570	$2,509	$5,377	$5,719	65	$15,000	31mo	7mo	1.96x	FAIL
8	190	Dec 18	84d	24.2%	$1.39	$1.29	$645	$3,020	$8,799	$5,209	60	$12,500	29mo	6mo	1.88x	FAIL
9	190	Jan 15	112d	24.2%	$1.88	$0.80	$400	$3,063	$6,599	$5,165	60	$12,500	29mo	6mo	1.88x	FAIL
10	195	Dec 18	84d	22.2%	$1.72	$0.96	$480	$3,737	$10,754	$4,492	55	$10,000	27mo	5mo	1.81x	FAIL
11	195	Jan 15	112d	22.2%	$2.32	$0.36	$180	$3,780	$8,066	$4,448	55	$10,000	27mo	5mo	1.81x	FAIL
12	200	Dec 18	84d	20.2%	$2.08	$0.60	$300	$4,519	$13,362	$3,710	50	$7,500	24mo	4mo	1.74x	FAIL
13	200	Jan 15	112d	20.2%	$2.79	$-0.11	$-55	$4,546	$10,021	$3,683	50	$7,500	24mo	4mo	1.74x	FAIL
14	210	Dec 18	84d	16.2%	$3.30	$-0.62	$-310	$7,170	$19,988	$1,059	40	$2,500	28mo	1mo	1.59x	FAIL

POST-REPAIR SUSTAINABILITY CC chain Oct 30 (35d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $275, B $4.00	$20,571/yr	$6,844/yr	SELF-FUNDING
CC at MID $270 0.7σ, B $5.20	$26,743/yr	$6,844/yr	SELF-FUNDING
AT 11% DRAWDOWN (stock $250.66 → $222.37, hedge $14,991/yr)
CC at SS income stress-adjusted	$2,983/yr	$14,991/yr	DEFICIT $1,001/mo
CC at MID income stress-adjusted	$4,166/yr	$14,991/yr	DEFICIT $902/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($270, bid $5.20) in NORMAL markets. Self-funds today.
In 11% drawdown, even MID is short ~$902/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

IREN (Joint): HP 35P Maintenance Roll-Out · exp Oct 16 '26, 21d

RELAXED PASS — no candidate met the standard constraints. Widened cost cap 25% → 50% of CC to surface the best available option below. Treat as a guideline breach, not a clean repair.

Stock: $43.97 Current HP: 35P (21d, 20.4% OTM) Current hedge: $12,514/yr Current ML: $56,000 If HP lapses: ML $126,000 (+$70,000) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $67,029/yr Cost cap: 50% of CC = $33,514/yr IV: HIGH 6 qualifying ⚠ ER 2026-11-05 INTRADAY (41d) inside new HP tenor

CHEAPEST PICK (lowest annual cost, ML preserved): HP 35 → 35P (Jan 15 '27, 112d, 20.4% OTM) | Cost: $22,161/yr (33% of CC) | New ML: $56,000 = ML | Roll DEBIT $6,160 | Margin (TIMS): $1,565

PROTECTIVE PICK (lowest ML within cost cap): HP 35 → 38P (Dec 18 '26, 84d, 13.6% OTM) | Cost: $33,024/yr (49% of CC) | New ML: $50,000 ↓ $6,000 | Roll DEBIT $6,960 | Margin (TIMS): $1,349

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	35 CHEAP	Jan 15	112d	20.4%	$3.20	$3.40	$22,161	33%	$56,000	=	D $6,160
2	35	Dec 18	84d	20.4%	$2.28	$2.67	$23,204	35%	$56,000	=	D $4,700
3	36	Dec 18	84d	18.1%	$2.87	$2.99	$25,985	39%	$54,000	-$2,000	D $5,340
4	37	Jan 15	112d	15.9%	$3.85	$4.25	$27,701	41%	$52,000	-$4,000	D $7,860
5	37	Dec 18	84d	15.9%	$3.20	$3.45	$29,982	45%	$52,000	-$4,000	D $6,260
▶ 6	38 PROT	Dec 18	84d	13.6%	$3.55	$3.80	$33,024	49%	$50,000	-$6,000	D $6,960

POST-REPAIR SUSTAINABILITY CC chain Oct 30 (35d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $1.81	$37,234/yr	$22,161/yr	SELF-FUNDING
CC at MID $51 0.7σ, B $1.81	$37,234/yr	$22,161/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($51, bid $1.81). Conservative far-OTM strike covers the hedge in BOTH normal and 0% drawdown — minimal assignment risk.

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

BMNR (Main): HP 45P Roll-Down · exp Jan 15 '27, 112d

Stock: $27.61 HP: ITM Current hedge: $305,525/yr Baseline: current hedge (no same-strike quote) SS: $65.83 (unchanged) Account: Main (...1299) Contracts: 50 (5,000 sh) CC income: $107,732/yr IV: HIGH OTM floor: 8% Stress: 24% DD Payback gate: 12mo (1.0yr) 5 PASS ⚠ ER 2026-11-20 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	25	Jan 15	112d	9.5%	$3.35	$14.60	$73,000	$54,587	$49,047	$250,938	-7	$-35,000	N/A	N/A	0.83x	PASS
2	24	Jan 15	112d	13.1%	$2.78	$15.17	$75,850	$45,299	$51,491	$260,225	-6	$-30,000	N/A	N/A	0.85x	PASS
3	22	Jan 15	112d	18.5%	$2.14	$15.81	$79,050	$34,871	$60,453	$270,654	-4	$-22,500	N/A	N/A	0.89x	PASS
4	21	Jan 15	112d	23.9%	$1.65	$16.30	$81,500	$26,886	$74,304	$278,638	-3	$-15,000	N/A	N/A	0.93x	PASS
5	20	Jan 15	112d	27.6%	$1.39	$16.56	$82,800	$22,650	$63,549	$282,875	-2	$-10,000	N/A	N/A	0.95x	PASS

POST-REPAIR SUSTAINABILITY CC chain Oct 30 (35d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS BELOW SS $59 — assignment locks a loss · $35, B $0.63	$32,400/yr	$54,587/yr	DEFICIT $1,849/mo
CC at MID $32 0.7σ, B $1.07	$55,029/yr	$54,587/yr	SELF-FUNDING
AT 24% DRAWDOWN (stock $27.61 → $20.96, hedge $49,047/yr)
CC at SS income stress-adjusted	$32,400/yr	$49,047/yr	DEFICIT $1,387/mo
CC at MID income stress-adjusted	$32,400/yr	$49,047/yr	DEFICIT $1,387/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($32, bid $1.07) in NORMAL markets. Self-funds today.
In 24% drawdown, even MID is short ~$1,387/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

IREN (Main): HP 35P Maintenance Roll-Out · exp Oct 16 '26, 21d

RELAXED PASS — no candidate met the standard constraints. Widened cost cap 25% → 50% of CC to surface the best available option below. Treat as a guideline breach, not a clean repair.

Stock: $43.97 Current HP: 35P (21d, 20.4% OTM) Current hedge: $12,514/yr Current ML: $56,000 If HP lapses: ML $126,000 (+$70,000) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $67,029/yr Cost cap: 50% of CC = $33,514/yr IV: HIGH 6 qualifying ⚠ ER 2026-11-05 INTRADAY (41d) inside new HP tenor

CHEAPEST PICK (lowest annual cost, ML preserved): HP 35 → 35P (Jan 15 '27, 112d, 20.4% OTM) | Cost: $22,161/yr (33% of CC) | New ML: $56,000 = ML | Roll DEBIT $6,160 | Margin: n/a (RTH)

PROTECTIVE PICK (lowest ML within cost cap): HP 35 → 38P (Dec 18 '26, 84d, 13.6% OTM) | Cost: $33,024/yr (49% of CC) | New ML: $50,000 ↓ $6,000 | Roll DEBIT $6,960 | Margin: n/a (RTH)

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	35 CHEAP	Jan 15	112d	20.4%	$3.20	$3.40	$22,161	33%	$56,000	=	D $6,160
2	35	Dec 18	84d	20.4%	$2.28	$2.67	$23,204	35%	$56,000	=	D $4,700
3	36	Dec 18	84d	18.1%	$2.87	$2.99	$25,985	39%	$54,000	-$2,000	D $5,340
4	37	Jan 15	112d	15.9%	$3.85	$4.25	$27,701	41%	$52,000	-$4,000	D $7,860
5	37	Dec 18	84d	15.9%	$3.20	$3.45	$29,982	45%	$52,000	-$4,000	D $6,260
▶ 6	38 PROT	Dec 18	84d	13.6%	$3.55	$3.80	$33,024	49%	$50,000	-$6,000	D $6,960

POST-REPAIR SUSTAINABILITY CC chain Oct 30 (35d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $1.81	$37,234/yr	$22,161/yr	SELF-FUNDING
CC at MID $51 0.7σ, B $1.81	$37,234/yr	$22,161/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($51, bid $1.81). 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).