Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$321,948/yr

TOTAL HEDGE (REPAIRED)

$62,368/yr

ANNUAL SAVINGS

$259,580/yr

ROLL CREDITS

$72,675

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 $1,587,240
IREN (Joint) → +25C −47P +35P −55C	$43.72	25	47	35	55	$44.00	$50.57	12	1.75x	19.9%	SAFE	20	$32,000	$87,430	ROLL NOW (18d)
AMZN → +200C −250P +215P −258C	$246.07	200	250	215	258	$267.92	$271.05	35	1.52x	12.6%	SAFE	5	$33,960	$123,035	REPAIR PLAN (53d)
GOOG (Joint) +310C −355C	$339.46	310	0	0	355	$392.50	$348.01	0	1.00x	0.0%	N/A	5	$41,250	$169,730	LEAPS-ONLY
IBIT +75C	$47.43	75	0	0	0	$70.58	$51.66	0	1.00x	0.0%	N/A	50	$22,328	$237,150	LEAPS-ONLY
MSTR (Joint) +180C −170C	$159.45	180	0	0	170	$233.00	$169.16	0	1.00x	0.0%	N/A	10	$53,000	$159,450	LEAPS-ONLY
BMNR (Joint) +23C −18P +25P	$27.71	23	18	25	0	$36.42	$24.42	0	1.00x	9.8%	OK	150	$201,300	$415,650	OK
COPX +65C −90P +68P −90C	$84.75	65	90	68	90	$93.40	$96.07	22	1.77x	19.8%	SAFE	20	$56,800	$169,490	OK
HOOD +65C −95P +80P	$119.09	65	95	80	0	$114.95	$119.50	15	1.30x	32.8%	SAFE	10	$49,950	$119,090	OK
MU (Joint) +670C −800P +420P −1250C	$1062.15	670	800	420	1250	$792.36	$807.34	380	4.31x	60.5%	SAFE	1	$11,472	$106,215	OK
Main (...1299)14 fortress(es) · 4 actionable · IC $1,208,360 · notional $3,471,035
IREN (Main) → +25C −47P +35P −55C	$43.72	25	47	35	55	$44.00	$50.57	12	1.75x	19.9%	SAFE	20	$32,000	$87,430	ROLL NOW (18d)
BMNR (Main) → +25C −18P +45P	$27.71	25	18	45	0	$65.83	$59.37	0	1.00x	-62.4%	ITM	50	$204,150	$138,550	REPAIR PLAN (109d)
IGV +70C −111C	$104.11	70	0	0	111	$96.50	$88.08	0	1.00x	0.0%	N/A	12	$31,800	$124,932	LEAPS-ONLY
MARA (Main) +13C	$12.70	13	0	0	0	$16.75	$11.13	0	1.00x	0.0%	N/A	400	$150,000	$508,000	LEAPS-ONLY
BMNR (Main) +23C −18P +25P	$27.71	23	18	25	0	$53.26	$46.90	0	1.00x	9.8%	OK	75	$226,950	$207,825	OK
COIN (Main) +165C −240P +90P −240C	$196.74	165	240	90	240	$210.90	$215.18	150	9.93x	54.3%	SAFE	8	$13,440	$157,392	OK
COIN (Main) +500C −330P +300P −240C	$196.74	500	330	300	240	$563.00	$370.61	30	1.48x	-52.5%	ITM	25	$157,500	$491,850	OK
DELL +310C −400P +320P −610C	$547.62	310	400	320	610	$562.50	$570.11	80	1.32x	41.6%	SAFE	3	$75,750	$164,286	OK
ETHA +13C −16P +10P	$20.36	13	16	10	0	$17.33	$17.75	6	2.39x	50.9%	SAFE	50	$21,650	$101,775	OK
GLD +320C −450P +330P −430C	$380.87	320	450	330	430	$456.00	$470.59	120	1.88x	13.4%	SAFE	10	$136,000	$380,870	OK
GLXY +38C −38P +18P −30C	$24.14	38	38	18	30	$39.71	$35.16	20	10.05x	27.5%	SAFE	125	$27,625	$301,750	OK
HIMS +10C −20P +5P −32C	$28.68	10	20	5	32	$17.47	$18.57	15	4.04x	82.6%	SAFE	15	$7,395	$43,020	OK
MU (Main) +880C −1010P +340P −1350C	$1062.15	880	1010	340	1350	$1028.60	$1045.04	670	5.51x	68.0%	SAFE	5	$74,300	$531,075	OK
NVDA +215C −225P +200P −230C	$232.28	215	225	200	230	$264.80	$229.11	25	1.50x	13.9%	SAFE	10	$49,800	$232,280	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $441,025 · notional $2,291,986
SPY +640C −782C	$767.86	640	0	0	782	$764.00	$701.88	0	1.00x	0.0%	N/A	12	$148,800	$921,432	LEAPS-ONLY
CRCL +45C −65P +40P	$86.50	45	65	40	0	$87.00	$92.08	25	1.60x	53.8%	SAFE	5	$21,000	$43,250	OK
CRWV +105C −120P +40P −95C	$87.48	105	120	40	95	$125.45	$128.43	80	4.91x	54.3%	SAFE	5	$10,225	$43,740	OK
GOOG (Neville) +300C −345P +310P −355C	$339.46	300	345	310	355	$373.00	$345.85	35	1.48x	8.7%	OK	15	$109,500	$509,190	OK
GOOG (Neville) +340C −405P +360P −355C	$339.46	340	405	360	355	$398.00	$384.85	45	1.88x	-6.1%	ITM	5	$25,500	$169,730	OK
INTC +85C −100P +35P −160C	$117.17	85	100	35	160	$114.00	$115.21	65	3.24x	70.1%	SAFE	5	$14,500	$58,585	OK
IREN (Neville) +45C −65P +21P −55C	$43.72	45	65	21	55	$56.50	$58.26	44	15.67x	52.0%	SAFE	20	$6,000	$87,430	OK
MU (Neville) +970C −1110P +390P −1250C	$1062.15	970	1110	390	1250	$1220.00	$1233.74	720	3.88x	63.3%	SAFE	2	$50,000	$212,430	OK
SNDK +1200C −1380P +810P −2200C	$1714.29	1200	1380	810	2200	$1620.00	$1631.58	570	2.36x	52.8%	SAFE	1	$42,000	$171,429	OK
SPCX +150C −195P +135P −155C	$149.54	150	195	135	155	$186.00	$190.21	60	3.22x	9.7%	OK	5	$13,500	$74,770	OK
RetireInc (...7291)9 fortress(es) · 1 actionable · IC $180,200 · notional $1,192,091
MARA (RetireInc) +40C	$12.70	40	0	0	0	$41.04	$11.57	0	1.00x	0.0%	N/A	500	$52,000	$635,000	LEAPS-ONLY
AAPL +240C −330P +285P	$342.37	240	330	285	0	$334.64	$336.58	45	1.48x	16.8%	SAFE	5	$47,320	$171,185	OK
APP +460C −540P +185P −335C	$311.68	460	540	185	335	$588.00	$609.37	355	3.77x	40.6%	SAFE	1	$12,800	$31,168	OK
CLSK +17C −17P +10P	$13.92	17	17	10	0	$20.74	$18.34	7	2.87x	28.2%	SAFE	25	$9,350	$34,800	OK
ENPH +45C −60P +20P	$31.27	45	60	20	0	$56.15	$58.74	40	6.48x	36.0%	SAFE	10	$7,300	$31,270	OK
IREN (RetireInc) +50C −70P +23P −55C	$43.72	50	70	23	55	$63.43	$66.74	47	7.86x	47.4%	SAFE	20	$13,700	$87,430	OK
MSTR (RetireInc) +125C −185P +55P −170C	$159.45	125	185	55	170	$161.00	$164.54	130	11.83x	65.5%	SAFE	4	$4,800	$63,780	OK
QCOM +190C −210P +100P −220C	$188.06	190	210	100	220	$224.00	$226.48	110	4.24x	46.8%	SAFE	5	$17,000	$94,030	OK
RKLB +115C −135P +45P −85C	$72.38	115	135	45	85	$141.55	$147.27	90	4.39x	37.8%	SAFE	6	$15,930	$43,428	OK

AMZN: HP 215P Roll-Down · exp Nov 20 '26, 53d

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: $246.07 HP: 12.6% OTM Current hedge: $11,363/yr Baseline (roll-fwd, savings vs this): $9,627/yr SS: $267.92 (unchanged) Account: Joint (...1782) Contracts: 5 (500 sh) CC income: $22,863/yr IV: MEDIUM OTM floor: 10% Stress: 11% DD Payback gate: 12mo (1.0yr) 8 PASS ⚠ ER 2026-10-29 AMC (31d) 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	109d	14.7%	$4.75	$-1.65	$-825	$7,953	$17,664	$1,674	40	$2,500	18mo	1mo	1.59x	PASS
2	205	Jan 15	109d	16.7%	$3.95	$-0.85	$-425	$6,614	$14,567	$3,014	45	$5,000	20mo	2mo	1.66x	PASS
3	200	Dec 18	81d	18.7%	$2.30	$0.80	$400	$5,182	$15,884	$4,445	50	$7,500	20mo	3mo	1.74x	PASS
4	200	Jan 15	109d	18.7%	$3.10	$0.00	$0	$5,190	$11,804	$4,437	50	$7,500	20mo	3mo	1.74x	PASS
5	210	Dec 18	81d	14.7%	$3.65	$-0.55	$-275	$8,224	$23,770	$1,404	40	$2,500	21mo	1mo	1.59x	PASS
6	205	Dec 18	81d	16.7%	$3.05	$0.05	$25	$6,872	$19,602	$2,755	45	$5,000	22mo	2mo	1.66x	PASS
7	195	Dec 18	81d	20.8%	$1.95	$1.15	$575	$4,394	$12,843	$5,234	55	$10,000	23mo	4mo	1.81x	PASS
8	195	Jan 15	109d	20.8%	$2.64	$0.46	$230	$4,420	$9,544	$5,207	55	$10,000	23mo	4mo	1.81x	PASS
9	175	Dec 18	81d	28.9%	$0.84	$2.26	$1,130	$1,893	$4,394	$7,735	75	$20,000	31mo	8mo	2.10x	FAIL
10	175	Jan 15	109d	28.9%	$1.21	$1.89	$945	$2,026	$3,265	$7,601	75	$20,000	32mo	8mo	2.10x	FAIL
11	180	Dec 18	81d	26.9%	$0.93	$2.17	$1,085	$2,095	$6,872	$7,532	70	$17,500	28mo	7mo	2.03x	FAIL
12	180	Jan 15	109d	26.9%	$1.46	$1.64	$820	$2,444	$5,107	$7,183	70	$17,500	29mo	7mo	2.03x	FAIL
13	185	Dec 18	81d	24.8%	$1.18	$1.92	$960	$2,659	$8,224	$6,969	65	$15,000	26mo	6mo	1.96x	FAIL
14	185	Jan 15	109d	24.8%	$1.77	$1.33	$665	$2,964	$6,111	$6,664	65	$15,000	27mo	6mo	1.96x	FAIL
15	190	Jan 15	109d	22.8%	$2.04	$1.06	$530	$3,416	$7,786	$6,212	60	$12,500	24mo	5mo	1.88x	FAIL

POST-REPAIR SUSTAINABILITY CC chain Oct 30 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $275, B $2.99	$16,819/yr	$7,953/yr	SELF-FUNDING
CC at MID $265 0.7σ, B $4.90	$27,562/yr	$7,953/yr	SELF-FUNDING
AT 11% DRAWDOWN (stock $246.07 → $218.27, hedge $17,664/yr)
CC at SS income stress-adjusted	$4,331/yr	$17,664/yr	DEFICIT $1,111/mo
CC at MID income stress-adjusted	$4,331/yr	$17,664/yr	DEFICIT $1,111/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($265, bid $4.90) in NORMAL markets. Self-funds today.
In 11% drawdown, even MID is short ~$1,111/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

IREN (Joint): HP 35P Maintenance Roll-Out · exp Oct 16 '26, 18d

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: $43.72 Current HP: 35P (18d, 19.9% OTM) Current hedge: $15,411/yr Current ML: $56,000 If HP lapses: ML $126,000 (+$70,000) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $77,385/yr Cost cap: 50% of CC = $38,693/yr IV: HIGH 6 qualifying ⚠ ER 2026-11-05 INTRADAY (38d) inside new HP tenor

CHEAPEST PICK (lowest annual cost, ML preserved): HP 35 → 35P (Dec 18 '26, 81d, 19.9% OTM) | Cost: $24,333/yr (31% of CC) | New ML: $56,000 = ML | Roll DEBIT $4,760 | Margin (TIMS): $1,519

PROTECTIVE PICK (lowest ML within cost cap): HP 35 → 38P (Dec 18 '26, 81d, 13.1% OTM) | Cost: $34,698/yr (45% of CC) | New ML: $50,000 ↓ $6,000 | Roll DEBIT $7,060 | Margin (TIMS): $1,337

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	35 CHEAP	Dec 18	81d	19.9%	$2.52	$2.70	$24,333	31%	$56,000	=	D $4,760
2	35	Jan 15	109d	19.9%	$3.30	$3.65	$24,445	32%	$56,000	=	D $6,660
3	36	Dec 18	81d	17.6%	$2.89	$3.05	$27,488	36%	$54,000	-$2,000	D $5,460
4	37	Jan 15	109d	15.4%	$4.05	$4.50	$30,138	39%	$52,000	-$4,000	D $8,360
5	37	Dec 18	81d	15.4%	$3.20	$3.70	$33,346	43%	$52,000	-$4,000	D $6,760
▶ 6	38 PROT	Dec 18	81d	13.1%	$3.65	$3.85	$34,698	45%	$50,000	-$6,000	D $7,060

POST-REPAIR SUSTAINABILITY CC chain Oct 30 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $1.61	$36,225/yr	$24,333/yr	SELF-FUNDING
CC at MID $50 0.6σ, B $1.79	$40,275/yr	$24,333/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($51, bid $1.61). 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, 109d

Stock: $27.71 HP: ITM Current hedge: $310,585/yr Baseline: current hedge (no same-strike quote) SS: $65.83 (unchanged) Account: Main (...1299) Contracts: 50 (5,000 sh) CC income: $92,335/yr IV: HIGH OTM floor: 8% Stress: 24% DD Payback gate: 12mo (1.0yr) 5 PASS ⚠ ER 2026-11-20 INTRADAY (53d) 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	109d	9.8%	$3.25	$14.70	$73,500	$54,415	$52,908	$256,170	-7	$-35,000	N/A	N/A	0.83x	PASS
2	24	Jan 15	109d	13.4%	$2.88	$15.07	$75,350	$48,220	$57,094	$262,365	-6	$-30,000	N/A	N/A	0.85x	PASS
3	22	Jan 15	109d	18.8%	$2.23	$15.72	$78,600	$37,337	$67,140	$273,248	-4	$-22,500	N/A	N/A	0.89x	PASS
4	21	Jan 15	109d	24.2%	$1.74	$16.21	$81,050	$29,133	$78,860	$281,452	-3	$-15,000	N/A	N/A	0.93x	PASS
5	20	Jan 15	109d	27.8%	$1.44	$16.51	$82,550	$24,110	$63,624	$286,475	-2	$-10,000	N/A	N/A	0.95x	PASS

POST-REPAIR SUSTAINABILITY CC chain Oct 30 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS BELOW SS $59 — assignment locks a loss · $35, B $0.52	$29,250/yr	$54,415/yr	DEFICIT $2,097/mo
CC at MID $32 0.7σ, B $0.66	$37,125/yr	$54,415/yr	DEFICIT $1,441/mo
AT 24% DRAWDOWN (stock $27.71 → $20.94, hedge $52,908/yr)
CC at SS income stress-adjusted	$29,250/yr	$52,908/yr	DEFICIT $1,972/mo
CC at MID income stress-adjusted	$29,250/yr	$52,908/yr	DEFICIT $1,972/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 2026-09-28 21:45). Fight plans cover uncovered deep-drawdown fortresses; a covered or shallow slice deliberately has none.

IREN (Main): HP 35P Maintenance Roll-Out · exp Oct 16 '26, 18d

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: $43.72 Current HP: 35P (18d, 19.9% OTM) Current hedge: $15,411/yr Current ML: $56,000 If HP lapses: ML $126,000 (+$70,000) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $77,385/yr Cost cap: 50% of CC = $38,693/yr IV: HIGH 6 qualifying ⚠ ER 2026-11-05 INTRADAY (38d) inside new HP tenor

CHEAPEST PICK (lowest annual cost, ML preserved): HP 35 → 35P (Dec 18 '26, 81d, 19.9% OTM) | Cost: $24,333/yr (31% of CC) | New ML: $56,000 = ML | Roll DEBIT $4,760 | Margin: n/a (RTH)

PROTECTIVE PICK (lowest ML within cost cap): HP 35 → 38P (Dec 18 '26, 81d, 13.1% OTM) | Cost: $34,698/yr (45% of CC) | New ML: $50,000 ↓ $6,000 | Roll DEBIT $7,060 | Margin: n/a (RTH)

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	35 CHEAP	Dec 18	81d	19.9%	$2.52	$2.70	$24,333	31%	$56,000	=	D $4,760
2	35	Jan 15	109d	19.9%	$3.30	$3.65	$24,445	32%	$56,000	=	D $6,660
3	36	Dec 18	81d	17.6%	$2.89	$3.05	$27,488	36%	$54,000	-$2,000	D $5,460
4	37	Jan 15	109d	15.4%	$4.05	$4.50	$30,138	39%	$52,000	-$4,000	D $8,360
5	37	Dec 18	81d	15.4%	$3.20	$3.70	$33,346	43%	$52,000	-$4,000	D $6,760
▶ 6	38 PROT	Dec 18	81d	13.1%	$3.65	$3.85	$34,698	45%	$50,000	-$6,000	D $7,060

POST-REPAIR SUSTAINABILITY CC chain Oct 30 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $1.61	$36,225/yr	$24,333/yr	SELF-FUNDING
CC at MID $50 0.6σ, B $1.79	$40,275/yr	$24,333/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($51, bid $1.61). 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).