Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$390,061/yr

TOTAL HEDGE (REPAIRED)

$95,112/yr

ANNUAL SAVINGS

$294,949/yr

ROLL CREDITS

$65,875

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 $1,450,965
IREN (Joint) → +25C −47P +35P −55C	$40.04	25	47	35	55	$44.00	$49.76	12	1.75x	12.6%	SAFE	20	$32,000	$80,080	REPAIR SOON (15d)
GOOG (Joint) +310C −355C	$339.99	310	0	0	355	$392.50	$347.87	0	1.00x	0.0%	N/A	5	$41,250	$169,995	LEAPS-ONLY
IBIT +75C	$47.37	75	0	0	0	$70.58	$52.15	0	1.00x	0.0%	N/A	50	$22,328	$236,850	LEAPS-ONLY
MSTR (Joint) +180C −170C	$156.59	180	0	0	170	$233.00	$169.49	0	1.00x	0.0%	N/A	10	$53,000	$156,590	LEAPS-ONLY
AMZN +200C −250P +215P	$248.24	200	250	215	0	$267.92	$270.27	35	1.52x	13.4%	SAFE	5	$33,960	$124,120	ROLL SOON (50d)
BMNR (Joint) +23C −18P +25P	$26.95	23	18	25	0	$36.42	$24.81	0	1.00x	7.2%	OK	150	$201,300	$404,250	OK
COPX +65C −90P +68P −90C	$83.19	65	90	68	90	$93.40	$96.13	22	1.77x	18.3%	SAFE	20	$56,800	$166,380	OK
HOOD +65C −95P +80P	$112.70	65	95	80	0	$114.95	$119.53	15	1.30x	29.0%	SAFE	10	$49,950	$112,700	OK
Main (...1299)14 fortress(es) · 4 actionable · IC $1,208,360 · notional $3,343,396
IREN (Main) → +25C −47P +35P −55C	$40.04	25	47	35	55	$44.00	$49.76	12	1.75x	12.6%	SAFE	20	$32,000	$80,080	REPAIR SOON (15d)
BMNR (Main) → +25C −18P +45P	$26.95	25	18	45	0	$65.83	$59.71	0	1.00x	-67.0%	ITM	50	$204,150	$134,750	REPAIR PLAN (106d)
IGV +70C −111C	$107.42	70	0	0	111	$96.50	$87.91	0	1.00x	0.0%	N/A	12	$31,800	$128,904	LEAPS-ONLY
MARA (Main) +13C	$11.20	13	0	0	0	$16.75	$11.14	0	1.00x	0.0%	N/A	400	$150,000	$448,000	LEAPS-ONLY
BMNR (Main) +23C −18P +25P	$26.95	23	18	25	0	$53.26	$47.22	0	1.00x	7.2%	OK	75	$226,950	$202,125	OK
COIN (Main) +165C −240P +90P −240C	$189.78	165	240	90	240	$210.90	$214.27	150	9.93x	52.6%	SAFE	8	$13,440	$151,824	OK
COIN (Main) +500C −330P +300P −240C	$189.78	500	330	300	240	$563.00	$375.02	30	1.48x	-58.1%	ITM	25	$157,500	$474,450	OK
DELL +310C −400P +320P	$532.95	310	400	320	0	$562.50	$572.37	80	1.32x	40.0%	SAFE	3	$75,750	$159,885	OK
ETHA +13C −16P +10P	$20.31	13	16	10	0	$17.33	$17.77	6	2.39x	50.8%	SAFE	50	$21,650	$101,550	OK
GLD +320C −450P +330P −413C	$381.51	320	450	330	413	$456.00	$469.13	120	1.88x	13.5%	SAFE	10	$136,000	$381,510	ROLL SOON (50d)
GLXY +38C −38P +18P −26C	$22.60	38	38	18	26	$39.71	$35.04	20	10.05x	22.6%	SAFE	125	$27,625	$282,562	OK
HIMS +10C −20P +5P −32C	$29.05	10	20	5	32	$17.47	$18.56	15	4.04x	82.8%	SAFE	15	$7,395	$43,575	OK
MU (Main) +880C −1010P +340P −1350C	$1046.92	880	1010	340	1350	$1028.60	$1041.10	670	5.51x	67.5%	SAFE	5	$74,300	$523,460	ROLL SOON (50d)
NVDA +215C −225P +200P −240C	$230.72	215	225	200	240	$264.80	$230.36	25	1.50x	13.3%	SAFE	10	$49,800	$230,720	OK
RetireInc (...7291)9 fortress(es) · 2 actionable · IC $180,200 · notional $1,094,346
AAPL → +240C −330P +285P −360C	$331.06	240	330	285	360	$334.64	$336.13	45	1.48x	13.9%	SAFE	5	$47,320	$165,530	REPAIR PLAN (50d)
MARA (RetireInc) +40C	$11.20	40	0	0	0	$41.04	$11.41	0	1.00x	0.0%	N/A	500	$52,000	$560,000	LEAPS-ONLY
APP +460C −540P +185P	$284.16	460	540	185	0	$588.00	$609.75	355	3.77x	34.9%	SAFE	1	$12,800	$28,416	ROLL SOON (50d)
CLSK +17C −17P +10P	$12.66	17	17	10	0	$20.74	$18.15	7	2.87x	21.0%	SAFE	25	$9,350	$31,662	OK
ENPH +45C −60P +20P	$31.98	45	60	20	0	$56.15	$58.50	40	6.48x	37.5%	SAFE	10	$7,300	$31,980	OK
IREN (RetireInc) +50C −70P +23P −55C	$40.04	50	70	23	55	$63.43	$66.59	47	7.86x	42.6%	SAFE	20	$13,700	$80,080	ROLL SOON (50d)
MSTR (RetireInc) +125C −185P +55P −170C	$156.59	125	185	55	170	$161.00	$162.93	130	11.83x	64.9%	SAFE	4	$4,800	$62,636	OK
QCOM +190C −210P +100P −220C	$184.30	190	210	100	220	$224.00	$226.51	110	4.24x	45.7%	SAFE	5	$17,000	$92,150	OK
RKLB +115C −135P +45P −85C	$69.82	115	135	45	85	$141.55	$147.11	90	4.39x	35.5%	SAFE	6	$15,930	$41,892	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $441,025 · notional $2,279,857
SPY +640C	$762.68	640	0	0	0	$764.00	$703.94	0	1.00x	0.0%	N/A	12	$148,800	$915,216	LEAPS-ONLY
CRCL +45C −65P +40P	$83.12	45	65	40	0	$87.00	$90.48	25	1.60x	51.9%	SAFE	5	$21,000	$41,560	OK
CRWV +105C −120P +40P −95C	$86.19	105	120	40	95	$125.45	$127.29	80	4.91x	53.6%	SAFE	5	$10,225	$43,095	ROLL SOON (50d)
GOOG (Neville) +300C −345P +310P −368C	$339.99	300	345	310	368	$373.00	$345.48	35	1.48x	8.8%	OK	15	$109,500	$509,985	OK
GOOG (Neville) +340C −405P +360P −368C	$339.99	340	405	360	368	$398.00	$384.40	45	1.88x	-5.9%	ITM	5	$25,500	$169,995	OK
INTC +85C −100P +35P −160C	$119.28	85	100	35	160	$114.00	$116.23	65	3.24x	70.7%	SAFE	5	$14,500	$59,640	OK
IREN (Neville) +45C −65P +21P −55C	$40.04	45	65	21	55	$56.50	$57.71	44	15.67x	47.6%	SAFE	20	$6,000	$80,080	ROLL SOON (50d)
MU (Neville) +970C −1110P +390P −1250C	$1046.92	970	1110	390	1250	$1220.00	$1230.26	720	3.88x	62.7%	SAFE	2	$50,000	$209,384	ROLL SOON (50d)
SNDK +1200C −1380P +810P −1850C	$1751.82	1200	1380	810	1850	$1620.00	$1629.34	570	2.36x	53.8%	SAFE	1	$42,000	$175,182	ROLL SOON (50d)
SPCX +150C −195P +135P −155C	$151.44	150	195	135	155	$186.00	$189.68	60	3.22x	10.9%	SAFE	5	$13,500	$75,720	OK

IREN (Joint): HP 35P Roll-Down · exp Oct 16 '26, 15d

Stock: $40.04 HP: 12.6% OTM Current hedge: $25,307/yr Baseline (roll-fwd, savings vs this): $28,236/yr SS: $44.00 (unchanged) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $59,386/yr IV: HIGH OTM floor: 8% Stress: 20% DD Payback gate: 12mo (1.0yr) 2 PASS ⚠ ER 2026-11-05 INTRADAY (35d) 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	106d	20.1%	$2.93	$-2.45	$-4,900	$20,178	$39,943	$8,058	15	$6,000	9mo	1mo	1.94x	PASS
2	30	Jan 15	106d	25.1%	$2.19	$-1.71	$-3,420	$15,082	$32,368	$13,154	17	$10,000	9mo	2mo	2.06x	PASS

POST-REPAIR SUSTAINABILITY CC chain Nov 06 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $50, B $1.26	$25,200/yr	$20,178/yr	SELF-FUNDING
CC at MID $46 0.6σ, B $1.91	$38,200/yr	$20,178/yr	SELF-FUNDING
AT 20% DRAWDOWN (stock $40.04 → $31.89, hedge $39,943/yr)
CC at SS income stress-adjusted	$11,600/yr	$39,943/yr	DEFICIT $2,362/mo
CC at MID income stress-adjusted	$11,600/yr	$39,943/yr	DEFICIT $2,362/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($46, bid $1.91) in NORMAL markets. Self-funds today.
In 20% drawdown, even MID is short ~$2,362/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, 15d

Stock: $40.04 HP: 12.6% OTM Current hedge: $25,307/yr Baseline (roll-fwd, savings vs this): $28,236/yr SS: $44.00 (unchanged) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $59,386/yr IV: HIGH OTM floor: 8% Stress: 20% DD Payback gate: 12mo (1.0yr) 2 PASS ⚠ ER 2026-11-05 INTRADAY (35d) 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	106d	20.1%	$2.93	$-2.45	$-4,900	$20,178	$39,943	$8,058	15	$6,000	9mo	1mo	1.94x	PASS
2	30	Jan 15	106d	25.1%	$2.19	$-1.71	$-3,420	$15,082	$32,368	$13,154	17	$10,000	9mo	2mo	2.06x	PASS

POST-REPAIR SUSTAINABILITY CC chain Nov 06 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $50, B $1.26	$25,200/yr	$20,178/yr	SELF-FUNDING
CC at MID $46 0.6σ, B $1.91	$38,200/yr	$20,178/yr	SELF-FUNDING
AT 20% DRAWDOWN (stock $40.04 → $31.89, hedge $39,943/yr)
CC at SS income stress-adjusted	$11,600/yr	$39,943/yr	DEFICIT $2,362/mo
CC at MID income stress-adjusted	$11,600/yr	$39,943/yr	DEFICIT $2,362/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($46, bid $1.91) in NORMAL markets. Self-funds today.
In 20% drawdown, even MID is short ~$2,362/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

BMNR (Main): HP 45P Roll-Down · exp Jan 15 '27, 106d

Stock: $26.95 HP: ITM Current hedge: $334,009/yr Baseline: current hedge (no same-strike quote) SS: $65.83 (unchanged) Account: Main (...1299) Contracts: 50 (5,000 sh) CC income: $79,627/yr IV: HIGH OTM floor: 8% Stress: 24% DD Payback gate: 12mo (1.0yr) 5 PASS ⚠ ER 2026-11-20 INTRADAY (50d) 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	106d	10.9%	$2.88	$15.22	$76,100	$49,585	$55,955	$284,425	-6	$-30,000	N/A	N/A	0.85x	PASS
2	22	Jan 15	106d	16.5%	$2.23	$15.87	$79,350	$38,394	$64,564	$295,616	-4	$-22,500	N/A	N/A	0.89x	PASS
3	21	Jan 15	106d	22.1%	$1.67	$16.43	$82,150	$28,752	$70,590	$305,257	-3	$-15,000	N/A	N/A	0.93x	PASS
4	20	Jan 15	106d	25.8%	$1.36	$16.74	$83,700	$23,415	$67,146	$310,594	-2	$-10,000	N/A	N/A	0.95x	PASS
5	19	Jan 15	106d	29.5%	$1.10	$17.00	$85,000	$18,939	$58,538	$315,071	-1	$-5,000	N/A	N/A	0.98x	PASS

POST-REPAIR SUSTAINABILITY CC chain Nov 06 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS BELOW SS $60 — assignment locks a loss · $35, B $0.54	$27,000/yr	$49,585/yr	DEFICIT $1,882/mo
CC at MID $31 0.6σ, B $0.95	$47,500/yr	$49,585/yr	DEFICIT $174/mo
AT 24% DRAWDOWN (stock $26.95 → $20.56, hedge $55,955/yr)
CC at SS income stress-adjusted	$27,000/yr	$55,955/yr	DEFICIT $2,413/mo
CC at MID income stress-adjusted	$27,000/yr	$55,955/yr	DEFICIT $2,413/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 2026-10-01 21:47). Fight plans cover uncovered deep-drawdown fortresses; a covered or shallow slice deliberately has none.

AAPL: HP 285P Roll-Down · exp Nov 20 '26, 50d

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: $331.06 HP: 13.9% OTM Current hedge: $5,438/yr Baseline (roll-fwd, savings vs this): $6,107/yr SS: $334.64 (unchanged) Account: RetireInc (...7291) Contracts: 5 (500 sh) CC income: $33,337/yr IV: MEDIUM OTM floor: 10% Stress: 10% DD Payback gate: 12mo (1.0yr) 3 PASS ⚠ ER 2026-10-29 AMC (28d) 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	78d	15.4%	$2.21	$-0.85	$-425	$5,171	$16,378	$936	50	$2,500	32mo	1mo	1.53x	PASS
2	275	Dec 18	78d	16.9%	$1.86	$-0.50	$-250	$4,352	$13,571	$1,755	55	$5,000	34mo	2mo	1.58x	PASS
3	270	Dec 18	78d	18.4%	$1.49	$-0.13	$-65	$3,486	$11,348	$2,621	60	$7,500	34mo	3mo	1.63x	PASS
4	235	Dec 18	78d	29.0%	$0.42	$0.94	$470	$983	$2,410	$5,124	95	$25,000	59mo	8mo	2.00x	FAIL
5	240	Dec 18	78d	27.5%	$0.49	$0.87	$435	$1,146	$2,831	$4,960	90	$22,500	54mo	7mo	1.95x	FAIL
6	235	Jan 15	106d	29.0%	$0.71	$0.65	$325	$1,222	$1,773	$4,884	95	$25,000	61mo	8mo	2.00x	FAIL
7	245	Dec 18	78d	26.0%	$0.59	$0.77	$385	$1,380	$3,486	$4,726	85	$20,000	51mo	6mo	1.90x	FAIL
8	240	Jan 15	106d	27.5%	$0.81	$0.55	$275	$1,395	$2,083	$4,712	90	$22,500	57mo	7mo	1.95x	FAIL
9	245	Jan 15	106d	26.0%	$0.89	$0.47	$235	$1,532	$2,565	$4,574	85	$20,000	52mo	6mo	1.90x	FAIL
10	250	Dec 18	78d	24.5%	$0.69	$0.67	$335	$1,614	$5,171	$4,492	80	$17,500	47mo	6mo	1.85x	FAIL
11	250	Jan 15	106d	24.5%	$1.04	$0.32	$160	$1,791	$3,805	$4,316	80	$17,500	49mo	6mo	1.85x	FAIL
12	255	Dec 18	78d	23.0%	$0.83	$0.53	$265	$1,942	$6,107	$4,165	75	$15,000	43mo	5mo	1.79x	FAIL
13	255	Jan 15	106d	23.0%	$1.24	$0.12	$60	$2,135	$4,494	$3,972	75	$15,000	45mo	5mo	1.79x	FAIL
14	260	Dec 18	78d	21.5%	$1.03	$0.33	$165	$2,410	$7,487	$3,697	70	$12,500	41mo	4mo	1.74x	FAIL
15	260	Jan 15	106d	21.5%	$1.51	$-0.15	$-75	$2,600	$5,509	$3,507	70	$12,500	43mo	4mo	1.74x	FAIL

POST-REPAIR SUSTAINABILITY CC chain Nov 06 (36d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $340, B $7.50	$37,500/yr	$5,171/yr	SELF-FUNDING
CC at MID $350 0.7σ, B $4.05	$20,250/yr	$5,171/yr	SELF-FUNDING
AT 10% DRAWDOWN (stock $331.06 → $297.95, hedge $16,378/yr)
CC at SS income stress-adjusted	$1,650/yr	$16,378/yr	DEFICIT $1,227/mo
CC at MID income stress-adjusted	$1,100/yr	$16,378/yr	DEFICIT $1,273/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($350, bid $4.05) in NORMAL markets. Self-funds today.
In 10% drawdown, even MID is short ~$1,273/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).