Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$375,123/yr

TOTAL HEDGE (REPAIRED)

$90,926/yr

ANNUAL SAVINGS

$284,197/yr

ROLL CREDITS

$69,545

ADDITIONAL MAX LOSS

$-15,500

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) · 4 actionable · IC $490,588 · notional $1,449,365
IREN (Joint) → +25C −47P +35P −55C	$40.90	25	47	35	55	$44.00	$49.53	12	1.75x	14.4%	SAFE	20	$32,000	$81,800	REPAIR SOON (16d)
GOOG (Joint) +310C −355C	$344.97	310	0	0	355	$392.50	$348.01	0	1.00x	0.0%	N/A	5	$41,250	$172,485	LEAPS-ONLY
IBIT +75C	$47.38	75	0	0	0	$70.58	$52.24	0	1.00x	0.0%	N/A	50	$22,328	$236,900	LEAPS-ONLY
MSTR (Joint) +180C −170C	$154.16	180	0	0	170	$233.00	$170.21	0	1.00x	0.0%	N/A	10	$53,000	$154,160	LEAPS-ONLY
AMZN +200C −250P +215P	$250.40	200	250	215	0	$267.92	$271.05	35	1.52x	14.1%	SAFE	5	$33,960	$125,200	ROLL SOON (51d)
BMNR (Joint) +23C −18P +25P	$26.44	23	18	25	0	$36.42	$24.39	0	1.00x	5.4%	OK	150	$201,300	$396,600	OK
COPX +65C −90P +68P −90C	$84.72	65	90	68	90	$93.40	$96.61	22	1.77x	19.7%	SAFE	20	$56,800	$169,440	OK
HOOD +65C −95P +80P	$112.78	65	95	80	0	$114.95	$119.74	15	1.30x	29.1%	SAFE	10	$49,950	$112,780	OK
Main (...1299)14 fortress(es) · 4 actionable · IC $1,208,360 · notional $3,357,488
IREN (Main) → +25C −47P +35P −55C	$40.90	25	47	35	55	$44.00	$49.53	12	1.75x	14.4%	SAFE	20	$32,000	$81,800	REPAIR SOON (16d)
BMNR (Main) → +25C −18P +45P	$26.44	25	18	45	0	$65.83	$59.81	0	1.00x	-70.2%	ITM	50	$204,150	$132,200	REPAIR PLAN (107d)
IGV +70C −111C	$106.58	70	0	0	111	$96.50	$88.53	0	1.00x	0.0%	N/A	12	$31,800	$127,896	LEAPS-ONLY
MARA (Main) +13C	$11.52	13	0	0	0	$16.75	$11.16	0	1.00x	0.0%	N/A	400	$150,000	$460,800	LEAPS-ONLY
BMNR (Main) +23C −18P +25P	$26.44	23	18	25	0	$53.26	$46.93	0	1.00x	5.4%	OK	75	$226,950	$198,300	OK
COIN (Main) +165C −240P +90P −240C	$187.36	165	240	90	240	$210.90	$214.39	150	9.93x	52.0%	SAFE	8	$13,440	$149,888	OK
COIN (Main) +500C −330P +300P −240C	$187.36	500	330	300	240	$563.00	$370.14	30	1.48x	-60.1%	ITM	25	$157,500	$468,400	OK
DELL +310C −400P +320P	$541.53	310	400	320	0	$562.50	$570.50	80	1.32x	40.9%	SAFE	3	$75,750	$162,459	OK
ETHA +13C −16P +10P	$20.14	13	16	10	0	$17.33	$17.66	6	2.39x	50.3%	SAFE	50	$21,650	$100,700	OK
GLD +320C −450P +330P −413C	$380.73	320	450	330	413	$456.00	$469.28	120	1.88x	13.3%	SAFE	10	$136,000	$380,730	ROLL SOON (51d)
GLXY +38C −38P +18P −26C	$22.87	38	38	18	26	$39.71	$34.80	20	10.05x	23.5%	SAFE	125	$27,625	$285,875	OK
HIMS +10C −20P +5P −32C	$29.95	10	20	5	32	$17.47	$18.85	15	4.04x	83.3%	SAFE	15	$7,395	$44,925	OK
MU (Main) +880C −1010P +340P −1350C	$1066.65	880	1010	340	1350	$1028.60	$1042.18	670	5.51x	68.1%	SAFE	5	$74,300	$533,325	ROLL SOON (51d)
NVDA +215C −225P +200P −240C	$230.19	215	225	200	240	$264.80	$229.61	25	1.50x	13.1%	SAFE	10	$49,800	$230,190	OK
RetireInc (...7291)9 fortress(es) · 2 actionable · IC $180,200 · notional $1,115,907
AAPL → +240C −330P +285P −360C	$334.82	240	330	285	360	$334.64	$336.84	45	1.48x	14.9%	SAFE	5	$47,320	$167,410	REPAIR PLAN (51d)
MARA (RetireInc) +40C	$11.52	40	0	0	0	$41.04	$11.27	0	1.00x	0.0%	N/A	500	$52,000	$576,000	LEAPS-ONLY
APP +460C −540P +185P	$290.85	460	540	185	0	$588.00	$608.99	355	3.77x	36.4%	SAFE	1	$12,800	$29,085	ROLL SOON (51d)
CLSK +17C −17P +10P	$13.01	17	17	10	0	$20.74	$18.32	7	2.87x	23.1%	SAFE	25	$9,350	$32,525	OK
ENPH +45C −60P +20P	$32.97	45	60	20	0	$56.15	$58.91	40	6.48x	39.3%	SAFE	10	$7,300	$32,970	OK
IREN (RetireInc) +50C −70P +23P −55C	$40.90	50	70	23	55	$63.43	$66.33	47	7.86x	43.8%	SAFE	20	$13,700	$81,800	ROLL SOON (51d)
MSTR (RetireInc) +125C −185P +55P −170C	$154.16	125	185	55	170	$161.00	$163.36	130	11.83x	64.3%	SAFE	4	$4,800	$61,664	OK
QCOM +190C −210P +100P −220C	$184.75	190	210	100	220	$224.00	$227.18	110	4.24x	45.9%	SAFE	5	$17,000	$92,375	OK
RKLB +115C −135P +45P −85C	$70.13	115	135	45	85	$141.55	$147.05	90	4.39x	35.8%	SAFE	6	$15,930	$42,078	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $441,025 · notional $2,298,816
SPY +640C	$764.93	640	0	0	0	$764.00	$702.80	0	1.00x	0.0%	N/A	12	$148,800	$917,922	LEAPS-ONLY
CRCL +45C −65P +40P	$82.39	45	65	40	0	$87.00	$91.86	25	1.60x	51.5%	SAFE	5	$21,000	$41,195	OK
CRWV +105C −120P +40P −95C	$87.40	105	120	40	95	$125.45	$128.01	80	4.91x	54.2%	SAFE	5	$10,225	$43,700	ROLL SOON (51d)
GOOG (Neville) +300C −345P +310P −368C	$344.97	300	345	310	368	$373.00	$344.91	35	1.48x	10.1%	SAFE	15	$109,500	$517,455	OK
GOOG (Neville) +340C −405P +360P −368C	$344.97	340	405	360	368	$398.00	$385.22	45	1.88x	-4.4%	ITM	5	$25,500	$172,485	OK
INTC +85C −100P +35P −160C	$120.42	85	100	35	160	$114.00	$115.70	65	3.24x	70.9%	SAFE	5	$14,500	$60,210	OK
IREN (Neville) +45C −65P +21P −55C	$40.90	45	65	21	55	$56.50	$58.05	44	15.67x	48.7%	SAFE	20	$6,000	$81,800	ROLL SOON (51d)
MU (Neville) +970C −1110P +390P −1250C	$1066.65	970	1110	390	1250	$1220.00	$1230.61	720	3.88x	63.4%	SAFE	2	$50,000	$213,330	ROLL SOON (51d)
SNDK +1200C −1380P +810P −1850C	$1747.89	1200	1380	810	1850	$1620.00	$1630.41	570	2.36x	53.7%	SAFE	1	$42,000	$174,789	ROLL SOON (51d)
SPCX +150C −195P +135P −155C	$151.86	150	195	135	155	$186.00	$190.00	60	3.22x	11.1%	SAFE	5	$13,500	$75,930	OK

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

Stock: $40.90 HP: 14.4% OTM Current hedge: $21,444/yr Baseline (roll-fwd, savings vs this): $27,290/yr SS: $44.00 (unchanged) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $69,649/yr IV: HIGH OTM floor: 8% Stress: 21% DD Payback gate: 12mo (1.0yr) 2 PASS ⚠ ER 2026-11-05 INTRADAY (36d) 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	21.8%	$2.74	$-2.30	$-4,600	$18,693	$37,523	$8,596	15	$6,000	8mo	1mo	1.94x	PASS
2	30	Jan 15	107d	26.7%	$2.08	$-1.64	$-3,280	$14,191	$30,701	$13,099	17	$10,000	9mo	1mo	2.06x	PASS

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $50, B $1.02	$24,480/yr	$18,693/yr	SELF-FUNDING
CC at MID $47 0.7σ, B $1.52	$36,480/yr	$18,693/yr	SELF-FUNDING
AT 21% DRAWDOWN (stock $40.90 → $32.33, hedge $37,523/yr)
CC at SS income stress-adjusted	$9,120/yr	$37,523/yr	DEFICIT $2,367/mo
CC at MID income stress-adjusted	$9,120/yr	$37,523/yr	DEFICIT $2,367/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($47, bid $1.52) in NORMAL markets. Self-funds today.
In 21% drawdown, even MID is short ~$2,367/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: $40.90 HP: 14.4% OTM Current hedge: $21,444/yr Baseline (roll-fwd, savings vs this): $27,290/yr SS: $44.00 (unchanged) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $69,649/yr IV: HIGH OTM floor: 8% Stress: 21% DD Payback gate: 12mo (1.0yr) 2 PASS ⚠ ER 2026-11-05 INTRADAY (36d) 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	21.8%	$2.74	$-2.30	$-4,600	$18,693	$37,523	$8,596	15	$6,000	8mo	1mo	1.94x	PASS
2	30	Jan 15	107d	26.7%	$2.08	$-1.64	$-3,280	$14,191	$30,701	$13,099	17	$10,000	9mo	1mo	2.06x	PASS

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $50, B $1.02	$24,480/yr	$18,693/yr	SELF-FUNDING
CC at MID $47 0.7σ, B $1.52	$36,480/yr	$18,693/yr	SELF-FUNDING
AT 21% DRAWDOWN (stock $40.90 → $32.33, hedge $37,523/yr)
CC at SS income stress-adjusted	$9,120/yr	$37,523/yr	DEFICIT $2,367/mo
CC at MID income stress-adjusted	$9,120/yr	$37,523/yr	DEFICIT $2,367/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($47, bid $1.52) in NORMAL markets. Self-funds today.
In 21% drawdown, even MID is short ~$2,367/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: $26.44 HP: ITM Current hedge: $327,477/yr Baseline: current hedge (no same-strike quote) SS: $65.83 (unchanged) Account: Main (...1299) Contracts: 50 (5,000 sh) CC income: $104,946/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	9.2%	$2.86	$15.84	$79,200	$48,780	$45,881	$278,696	-6	$-30,000	N/A	N/A	0.85x	PASS
2	22	Jan 15	107d	14.9%	$2.21	$16.49	$82,450	$37,694	$53,556	$289,783	-4	$-22,500	N/A	N/A	0.89x	PASS
3	21	Jan 15	107d	20.6%	$1.64	$17.06	$85,300	$27,972	$66,348	$299,505	-3	$-15,000	N/A	N/A	0.93x	PASS
4	20	Jan 15	107d	24.4%	$1.33	$17.37	$86,850	$22,685	$67,371	$304,792	-2	$-10,000	N/A	N/A	0.95x	PASS
5	19	Jan 15	107d	28.1%	$1.07	$17.63	$88,150	$18,250	$57,991	$309,227	-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 $0.38	$22,800/yr	$48,780/yr	DEFICIT $2,165/mo
CC at MID $30 0.6σ, B $1.06	$63,600/yr	$48,780/yr	SELF-FUNDING
AT 24% DRAWDOWN (stock $26.44 → $20.21, hedge $45,881/yr)
CC at SS income stress-adjusted	$22,800/yr	$45,881/yr	DEFICIT $1,923/mo
CC at MID income stress-adjusted	$22,800/yr	$45,881/yr	DEFICIT $1,923/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($30, bid $1.06) in NORMAL markets. Self-funds today.
In 24% drawdown, even MID is short ~$1,923/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: $334.82 HP: 14.9% OTM Current hedge: $4,759/yr Baseline (roll-fwd, savings vs this): $5,706/yr SS: $334.64 (unchanged) Account: RetireInc (...7291) Contracts: 5 (500 sh) CC income: $45,950/yr IV: MEDIUM OTM floor: 10% Stress: 10% DD Payback gate: 12mo (1.0yr) 3 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	16.4%	$2.06	$-0.91	$-455	$4,759	$14,785	$947	50	$2,500	32mo	1mo	1.53x	PASS
2	270	Dec 18	79d	19.4%	$1.30	$-0.15	$-75	$3,003	$9,934	$2,703	60	$7,500	33mo	2mo	1.63x	PASS
3	275	Dec 18	79d	17.9%	$1.72	$-0.57	$-285	$3,973	$12,013	$1,733	55	$5,000	35mo	1mo	1.58x	PASS
4	235	Dec 18	79d	29.8%	$0.47	$0.68	$340	$1,086	$2,033	$4,620	95	$25,000	65mo	6mo	2.00x	FAIL
5	235	Jan 15	107d	29.8%	$0.68	$0.47	$235	$1,160	$1,501	$4,546	95	$25,000	66mo	6mo	2.00x	FAIL
6	240	Dec 18	79d	28.3%	$0.51	$0.64	$320	$1,178	$2,541	$4,528	90	$22,500	60mo	5mo	1.95x	FAIL
7	240	Jan 15	107d	28.3%	$0.76	$0.39	$195	$1,296	$1,876	$4,410	90	$22,500	61mo	5mo	1.95x	FAIL
8	245	Jan 15	107d	26.8%	$0.83	$0.32	$160	$1,416	$2,217	$4,290	85	$20,000	56mo	5mo	1.90x	FAIL
9	245	Dec 18	79d	26.8%	$0.64	$0.51	$255	$1,478	$3,003	$4,228	85	$20,000	57mo	5mo	1.90x	FAIL
10	250	Jan 15	107d	25.3%	$0.96	$0.19	$95	$1,637	$3,514	$4,069	80	$17,500	52mo	4mo	1.85x	FAIL
11	250	Dec 18	79d	25.3%	$0.72	$0.43	$215	$1,663	$4,759	$4,043	80	$17,500	52mo	4mo	1.85x	FAIL
12	255	Dec 18	79d	23.8%	$0.74	$0.41	$205	$1,709	$5,706	$3,997	75	$15,000	45mo	4mo	1.79x	FAIL
13	255	Jan 15	107d	23.8%	$1.17	$-0.02	$-10	$1,996	$4,213	$3,710	75	$15,000	49mo	4mo	1.79x	FAIL
14	260	Dec 18	79d	22.3%	$0.88	$0.27	$135	$2,033	$6,930	$3,673	70	$12,500	41mo	3mo	1.74x	FAIL
15	260	Jan 15	107d	22.3%	$1.37	$-0.22	$-110	$2,337	$5,117	$3,369	70	$12,500	45mo	3mo	1.74x	FAIL

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $340, B $8.00	$48,000/yr	$4,759/yr	SELF-FUNDING
CC at MID $350 0.6σ, B $4.30	$25,800/yr	$4,759/yr	SELF-FUNDING
AT 10% DRAWDOWN (stock $334.82 → $301.34, hedge $14,785/yr)
CC at SS income stress-adjusted	$2,100/yr	$14,785/yr	DEFICIT $1,057/mo
CC at MID income stress-adjusted	$480/yr	$14,785/yr	DEFICIT $1,192/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($350, bid $4.30) in NORMAL markets. Self-funds today.
In 10% drawdown, even MID is short ~$1,192/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).