Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$373,955/yr

TOTAL HEDGE (REPAIRED)

$93,247/yr

ANNUAL SAVINGS

$280,708/yr

ROLL CREDITS

$64,095

ADDITIONAL MAX LOSS

$-15,500

PORTFOLIO ACTION SUMMARY · 42 positions

2 · REPAIR SOON2 · 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) · 4 actionable · IC $502,060 · notional $1,573,408
IREN (Joint) → +25C −47P +35P −55C	$41.43	25	47	35	55	$44.00	$50.32	12	1.75x	15.5%	SAFE	20	$32,000	$82,860	REPAIR SOON (16d)
GOOG (Joint) +310C −355C	$344.52	310	0	0	355	$392.50	$349.81	0	1.00x	0.0%	N/A	5	$41,250	$172,260	LEAPS-ONLY
IBIT +75C	$47.91	75	0	0	0	$70.58	$52.14	0	1.00x	0.0%	N/A	50	$22,328	$239,550	LEAPS-ONLY
MSTR (Joint) +180C −170C	$156.93	180	0	0	170	$233.00	$169.43	0	1.00x	0.0%	N/A	10	$53,000	$156,930	LEAPS-ONLY
AMZN +200C −250P +215P	$247.15	200	250	215	0	$267.92	$271.01	35	1.52x	13.0%	SAFE	5	$33,960	$123,575	ROLL SOON (51d)
BMNR (Joint) +23C −18P +25P	$27.00	23	18	25	0	$36.42	$24.33	0	1.00x	7.4%	OK	150	$201,300	$405,000	OK
COPX +65C −90P +68P −90C	$85.52	65	90	68	90	$93.40	$96.32	22	1.77x	20.5%	SAFE	20	$56,800	$171,040	OK
HOOD +65C −95P +80P	$115.18	65	95	80	0	$114.95	$118.73	15	1.30x	30.5%	SAFE	10	$49,950	$115,180	OK
MU (Joint) +670C −800P +420P −1250C	$1070.13	670	800	420	1250	$792.36	$804.51	380	4.31x	60.8%	SAFE	1	$11,472	$107,013	ROLL SOON (51d)
Main (...1299)14 fortress(es) · 4 actionable · IC $1,208,360 · notional $3,391,543
IREN (Main) → +25C −47P +35P −55C	$41.43	25	47	35	55	$44.00	$50.32	12	1.75x	15.5%	SAFE	20	$32,000	$82,860	REPAIR SOON (16d)
BMNR (Main) → +25C −18P +45P	$27.00	25	18	45	0	$65.83	$59.81	0	1.00x	-66.7%	ITM	50	$204,150	$135,000	REPAIR PLAN (107d)
IGV +70C −111C	$106.15	70	0	0	111	$96.50	$88.30	0	1.00x	0.0%	N/A	12	$31,800	$127,380	LEAPS-ONLY
MARA (Main) +13C	$11.86	13	0	0	0	$16.75	$11.08	0	1.00x	0.0%	N/A	400	$150,000	$474,400	LEAPS-ONLY
BMNR (Main) +23C −18P +25P	$27.00	23	18	25	0	$53.26	$46.87	0	1.00x	7.4%	OK	75	$226,950	$202,500	OK
COIN (Main) +165C −240P +90P −240C	$188.18	165	240	90	240	$210.90	$213.40	150	9.93x	52.2%	SAFE	8	$13,440	$150,544	OK
COIN (Main) +500C −330P +300P −240C	$188.18	500	330	300	240	$563.00	$370.87	30	1.48x	-59.4%	ITM	25	$157,500	$470,450	OK
DELL +310C −400P +320P	$542.93	310	400	320	0	$562.50	$570.91	80	1.32x	41.1%	SAFE	3	$75,750	$162,879	OK
ETHA +13C −16P +10P	$20.43	13	16	10	0	$17.33	$17.58	6	2.39x	51.1%	SAFE	50	$21,650	$102,150	OK
GLD +320C −450P +330P −413C	$383.26	320	450	330	413	$456.00	$468.78	120	1.88x	13.9%	SAFE	10	$136,000	$383,260	ROLL SOON (51d)
GLXY +38C −38P +18P −26C	$23.15	38	38	18	26	$39.71	$34.57	20	10.05x	24.4%	SAFE	125	$27,625	$289,375	OK
HIMS +10C −20P +5P −32C	$29.98	10	20	5	32	$17.47	$19.15	15	4.04x	83.3%	SAFE	15	$7,395	$44,970	OK
MU (Main) +880C −1010P +340P −1350C	$1070.13	880	1010	340	1350	$1028.60	$1041.93	670	5.51x	68.2%	SAFE	5	$74,300	$535,065	ROLL SOON (51d)
NVDA +215C −225P +200P −240C	$230.71	215	225	200	240	$264.80	$229.58	25	1.50x	13.3%	SAFE	10	$49,800	$230,710	OK
RetireInc (...7291)9 fortress(es) · 2 actionable · IC $180,200 · notional $1,137,463
AAPL → +240C −330P +285P −360C	$332.65	240	330	285	360	$334.64	$337.14	45	1.48x	14.3%	SAFE	5	$47,320	$166,325	REPAIR PLAN (51d)
MARA (RetireInc) +40C	$11.86	40	0	0	0	$41.04	$11.49	0	1.00x	0.0%	N/A	500	$52,000	$593,000	LEAPS-ONLY
APP +460C −540P +185P −335C	$301.68	460	540	185	335	$588.00	$612.44	355	3.77x	38.7%	SAFE	1	$12,800	$30,168	ROLL SOON (51d)
CLSK +17C −17P +10P	$13.21	17	17	10	0	$20.74	$18.14	7	2.87x	24.3%	SAFE	25	$9,350	$33,025	OK
ENPH +45C −60P +20P	$32.51	45	60	20	0	$56.15	$58.89	40	6.48x	38.5%	SAFE	10	$7,300	$32,510	OK
IREN (RetireInc) +50C −70P +23P −55C	$41.43	50	70	23	55	$63.43	$66.70	47	7.86x	44.5%	SAFE	20	$13,700	$82,860	ROLL SOON (51d)
MSTR (RetireInc) +125C −185P +55P −170C	$156.93	125	185	55	170	$161.00	$163.81	130	11.83x	65.0%	SAFE	4	$4,800	$62,772	OK
QCOM +190C −210P +100P −220C	$186.69	190	210	100	220	$224.00	$226.63	110	4.24x	46.4%	SAFE	5	$17,000	$93,345	OK
RKLB +115C −135P +45P −85C	$72.43	115	135	45	85	$141.55	$149.04	90	4.39x	37.9%	SAFE	6	$15,930	$43,458	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $441,025 · notional $2,297,463
SPY +640C	$766.20	640	0	0	0	$764.00	$704.00	0	1.00x	0.0%	N/A	12	$148,800	$919,440	LEAPS-ONLY
CRCL +45C −65P +40P	$84.32	45	65	40	0	$87.00	$90.40	25	1.60x	52.6%	SAFE	5	$21,000	$42,160	OK
CRWV +105C −120P +40P −95C	$87.47	105	120	40	95	$125.45	$127.65	80	4.91x	54.3%	SAFE	5	$10,225	$43,735	ROLL SOON (51d)
GOOG (Neville) +300C −345P +310P −350C	$344.52	300	345	310	350	$373.00	$346.81	35	1.48x	10.0%	SAFE	15	$109,500	$516,780	OK
GOOG (Neville) +340C −405P +360P −350C	$344.52	340	405	360	350	$398.00	$385.35	45	1.88x	-4.5%	ITM	5	$25,500	$172,260	OK
INTC +85C −100P +35P −160C	$117.41	85	100	35	160	$114.00	$114.76	65	3.24x	70.2%	SAFE	5	$14,500	$58,705	OK
IREN (Neville) +45C −65P +21P −55C	$41.43	45	65	21	55	$56.50	$58.07	44	15.67x	49.3%	SAFE	20	$6,000	$82,860	ROLL SOON (51d)
MU (Neville) +970C −1110P +390P −1250C	$1070.13	970	1110	390	1250	$1220.00	$1230.49	720	3.88x	63.6%	SAFE	2	$50,000	$214,026	ROLL SOON (51d)
SNDK +1200C −1380P +810P −1850C	$1726.37	1200	1380	810	1850	$1620.00	$1630.73	570	2.36x	53.1%	SAFE	1	$42,000	$172,637	ROLL SOON (51d)
SPCX +150C −195P +135P −155C	$149.72	150	195	135	155	$186.00	$190.50	60	3.22x	9.8%	OK	5	$13,500	$74,860	OK

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

Stock: $41.43 HP: 15.5% OTM Current hedge: $21,444/yr Baseline (roll-fwd, savings vs this): $27,631/yr SS: $44.00 (unchanged) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $66,037/yr IV: HIGH OTM floor: 8% Stress: 22% DD Payback gate: 12mo (1.0yr) 2 PASS ⚠ ER 2026-11-06 (37d) 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	107d	22.8%	$2.83	$-2.42	$-4,840	$19,307	$42,299	$8,323	15	$6,000	9mo	1mo	1.94x	PASS
2	30	Jan 15	107d	27.6%	$2.26	$-1.85	$-3,700	$15,419	$30,701	$12,212	17	$10,000	10mo	2mo	2.06x	PASS

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $0.96	$23,040/yr	$19,307/yr	SELF-FUNDING
CC at MID $47 0.6σ, B $1.65	$39,600/yr	$19,307/yr	SELF-FUNDING
AT 22% DRAWDOWN (stock $41.43 → $32.45, hedge $42,299/yr)
CC at SS income stress-adjusted	$8,880/yr	$42,299/yr	DEFICIT $2,785/mo
CC at MID income stress-adjusted	$8,880/yr	$42,299/yr	DEFICIT $2,785/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($47, bid $1.65) in NORMAL markets. Self-funds today.
In 22% drawdown, even MID is short ~$2,785/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, 16d

Stock: $41.43 HP: 15.5% OTM Current hedge: $21,444/yr Baseline (roll-fwd, savings vs this): $27,631/yr SS: $44.00 (unchanged) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $66,037/yr IV: HIGH OTM floor: 8% Stress: 22% DD Payback gate: 12mo (1.0yr) 2 PASS ⚠ ER 2026-11-06 (37d) 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	107d	22.8%	$2.83	$-2.42	$-4,840	$19,307	$42,299	$8,323	15	$6,000	9mo	1mo	1.94x	PASS
2	30	Jan 15	107d	27.6%	$2.26	$-1.85	$-3,700	$15,419	$30,701	$12,212	17	$10,000	10mo	2mo	2.06x	PASS

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $0.96	$23,040/yr	$19,307/yr	SELF-FUNDING
CC at MID $47 0.6σ, B $1.65	$39,600/yr	$19,307/yr	SELF-FUNDING
AT 22% DRAWDOWN (stock $41.43 → $32.45, hedge $42,299/yr)
CC at SS income stress-adjusted	$8,880/yr	$42,299/yr	DEFICIT $2,785/mo
CC at MID income stress-adjusted	$8,880/yr	$42,299/yr	DEFICIT $2,785/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($47, bid $1.65) in NORMAL markets. Self-funds today.
In 22% drawdown, even MID is short ~$2,785/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

BMNR (Main): HP 45P Roll-Down · exp Jan 15 '27, 107d

Stock: $27.00 HP: ITM Current hedge: $325,771/yr Baseline: current hedge (no same-strike quote) SS: $65.83 (unchanged) Account: Main (...1299) Contracts: 50 (5,000 sh) CC income: $98,778/yr IV: HIGH OTM floor: 8% Stress: 24% DD Payback gate: 12mo (1.0yr) 5 PASS ⚠ ER 2026-11-20 INTRADAY (51d) 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	24	Jan 15	107d	11.1%	$2.92	$14.83	$74,150	$49,804	$48,610	$275,967	-6	$-30,000	N/A	N/A	0.85x	PASS
2	22	Jan 15	107d	16.7%	$2.25	$15.50	$77,500	$38,376	$58,843	$287,395	-4	$-22,500	N/A	N/A	0.89x	PASS
3	21	Jan 15	107d	22.2%	$1.70	$16.05	$80,250	$28,995	$69,930	$296,776	-3	$-15,000	N/A	N/A	0.93x	PASS
4	20	Jan 15	107d	25.9%	$1.48	$16.27	$81,350	$25,243	$67,371	$300,528	-2	$-10,000	N/A	N/A	0.95x	PASS
5	19	Jan 15	107d	29.6%	$1.12	$16.63	$83,150	$19,103	$57,991	$306,668	-1	$-5,000	N/A	N/A	0.98x	PASS

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS BELOW SS $60 — assignment locks a loss · $35, B $0.41	$24,600/yr	$49,804/yr	DEFICIT $2,100/mo
CC at MID $31 0.7σ, B $0.90	$54,000/yr	$49,804/yr	SELF-FUNDING
AT 24% DRAWDOWN (stock $27.00 → $20.46, hedge $48,610/yr)
CC at SS income stress-adjusted	$24,600/yr	$48,610/yr	DEFICIT $2,001/mo
CC at MID income stress-adjusted	$24,600/yr	$48,610/yr	DEFICIT $2,001/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($31, bid $0.90) in NORMAL markets. Self-funds today.
In 24% drawdown, even MID is short ~$2,001/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

AAPL: HP 285P Roll-Down · exp Nov 20 '26, 51d

RELAXED PASS — no candidate met the standard constraints. Widened gap-mult 2.0x → 8.0x; payback gate 1.0yr → 3.0yr to surface the best available option below. Treat as a guideline breach, not a clean repair.

Stock: $332.65 HP: 14.3% OTM Current hedge: $5,296/yr Baseline (roll-fwd, savings vs this): $5,752/yr SS: $334.64 (unchanged) Account: RetireInc (...7291) Contracts: 5 (500 sh) CC income: $36,132/yr IV: MEDIUM OTM floor: 10% Stress: 10% DD Payback gate: 12mo (1.0yr) 1 PASS ⚠ ER 2026-10-29 AMC (29d) 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	280	Dec 18	79d	15.8%	$2.09	$-0.75	$-375	$4,828	$15,247	$924	50	$2,500	32mo	1mo	1.53x	PASS
2	240	Dec 18	79d	27.9%	$0.50	$0.84	$420	$1,155	$2,980	$4,597	90	$22,500	59mo	7mo	1.95x	FAIL
3	235	Dec 18	79d	29.4%	$0.52	$0.82	$410	$1,201	$2,564	$4,551	95	$25,000	66mo	7mo	2.00x	FAIL
4	235	Jan 15	107d	29.4%	$0.73	$0.61	$305	$1,245	$1,893	$4,507	95	$25,000	67mo	7mo	2.00x	FAIL
5	240	Jan 15	107d	27.9%	$0.81	$0.53	$265	$1,382	$2,200	$4,371	90	$22,500	62mo	7mo	1.95x	FAIL
6	245	Dec 18	79d	26.3%	$0.66	$0.68	$340	$1,525	$3,257	$4,228	85	$20,000	57mo	6mo	1.90x	FAIL
7	250	Dec 18	79d	24.8%	$0.71	$0.63	$315	$1,640	$4,828	$4,112	80	$17,500	51mo	5mo	1.85x	FAIL
8	245	Jan 15	107d	26.3%	$0.98	$0.36	$180	$1,671	$2,405	$4,081	85	$20,000	59mo	6mo	1.90x	FAIL
9	250	Jan 15	107d	24.8%	$1.09	$0.25	$125	$1,859	$3,565	$3,893	80	$17,500	54mo	5mo	1.85x	FAIL
10	255	Dec 18	79d	23.3%	$0.93	$0.41	$205	$2,148	$5,752	$3,604	75	$15,000	50mo	5mo	1.79x	FAIL
11	255	Jan 15	107d	23.3%	$1.28	$0.06	$30	$2,183	$4,247	$3,569	75	$15,000	50mo	5mo	1.79x	FAIL
12	260	Dec 18	79d	21.8%	$1.11	$0.23	$115	$2,564	$7,277	$3,188	70	$12,500	47mo	4mo	1.74x	FAIL
13	260	Jan 15	107d	21.8%	$1.52	$-0.18	$-90	$2,593	$5,373	$3,160	70	$12,500	47mo	4mo	1.74x	FAIL
14	265	Dec 18	79d	20.3%	$1.29	$0.05	$25	$2,980	$8,663	$2,772	65	$10,000	43mo	3mo	1.69x	FAIL
15	265	Jan 15	107d	20.3%	$1.85	$-0.51	$-255	$3,155	$6,396	$2,597	65	$10,000	46mo	3mo	1.69x	FAIL

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $340, B $6.80	$40,800/yr	$4,828/yr	SELF-FUNDING
CC at MID $350 0.7σ, B $3.60	$21,600/yr	$4,828/yr	SELF-FUNDING
AT 10% DRAWDOWN (stock $332.65 → $299.38, hedge $15,247/yr)
CC at SS income stress-adjusted	$1,800/yr	$15,247/yr	DEFICIT $1,121/mo
CC at MID income stress-adjusted	$420/yr	$15,247/yr	DEFICIT $1,236/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($350, bid $3.60) in NORMAL markets. Self-funds today.
In 10% drawdown, even MID is short ~$1,236/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).