Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$381,404/yr

TOTAL HEDGE (REPAIRED)

$90,428/yr

ANNUAL SAVINGS

$290,976/yr

ROLL CREDITS

$68,450

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 $1,451,995
IREN (Joint) → +25C −47P +35P −42C	$40.02	25	47	35	42	$44.00	$49.96	12	1.75x	12.6%	SAFE	20	$32,000	$80,050	REPAIR SOON (15d)
GOOG (Joint) +310C −355C	$335.72	310	0	0	355	$392.50	$348.93	0	1.00x	0.0%	N/A	5	$41,250	$167,860	LEAPS-ONLY
IBIT +75C	$47.94	75	0	0	0	$70.58	$52.17	0	1.00x	0.0%	N/A	50	$22,328	$239,700	LEAPS-ONLY
MSTR (Joint) +180C −170C	$160.76	180	0	0	170	$233.00	$171.71	0	1.00x	0.0%	N/A	10	$53,000	$160,760	LEAPS-ONLY
AMZN +200C −250P +215P	$248.43	200	250	215	0	$267.92	$270.98	35	1.52x	13.5%	SAFE	5	$33,960	$124,215	ROLL SOON (50d)
BMNR (Joint) +23C −18P +25P	$26.73	23	18	25	0	$36.42	$24.37	0	1.00x	6.5%	OK	150	$201,300	$400,950	OK
COPX +65C −90P +68P −90C	$83.48	65	90	68	90	$93.40	$96.30	22	1.77x	18.5%	SAFE	20	$56,800	$166,960	OK
HOOD +65C −95P +80P	$111.50	65	95	80	0	$114.95	$120.17	15	1.30x	28.3%	SAFE	10	$49,950	$111,500	OK
Main (...1299)14 fortress(es) · 4 actionable · IC $1,208,360 · notional $3,372,532
IREN (Main) → +25C −47P +35P −42C	$40.02	25	47	35	42	$44.00	$49.96	12	1.75x	12.6%	SAFE	20	$32,000	$80,050	REPAIR SOON (15d)
BMNR (Main) → +25C −18P +45P	$26.73	25	18	45	0	$65.83	$60.07	0	1.00x	-68.4%	ITM	50	$204,150	$133,650	REPAIR PLAN (106d)
IGV +70C −111C	$108.44	70	0	0	111	$96.50	$88.67	0	1.00x	0.0%	N/A	12	$31,800	$130,128	LEAPS-ONLY
MARA (Main) +13C	$11.14	13	0	0	0	$16.75	$11.28	0	1.00x	0.0%	N/A	400	$150,000	$445,600	LEAPS-ONLY
BMNR (Main) +23C −18P +25P	$26.73	23	18	25	0	$53.26	$46.91	0	1.00x	6.5%	OK	75	$226,950	$200,475	OK
COIN (Main) +165C −240P +90P −215C	$189.52	165	240	90	215	$210.90	$214.82	150	9.93x	52.5%	SAFE	8	$13,440	$151,616	OK
COIN (Main) +500C −330P +300P −215C	$189.52	500	330	300	215	$563.00	$378.38	30	1.48x	-58.3%	ITM	25	$157,500	$473,800	OK
DELL +310C −400P +320P	$540.86	310	400	320	0	$562.50	$572.07	80	1.32x	40.8%	SAFE	3	$75,750	$162,258	OK
ETHA +13C −16P +10P	$20.35	13	16	10	0	$17.33	$17.80	6	2.39x	50.9%	SAFE	50	$21,650	$101,750	OK
GLD +320C −450P +330P −413C	$382.83	320	450	330	413	$456.00	$469.90	120	1.88x	13.8%	SAFE	10	$136,000	$382,830	ROLL SOON (50d)
GLXY +38C −38P +18P −26C	$23.00	38	38	18	26	$39.71	$35.03	20	10.05x	23.9%	SAFE	125	$27,625	$287,500	OK
HIMS +10C −20P +5P −32C	$29.24	10	20	5	32	$17.47	$18.82	15	4.04x	82.9%	SAFE	15	$7,395	$43,860	OK
MU (Main) +880C −1010P +340P −1125C	$1093.97	880	1010	340	1125	$1028.60	$1045.29	670	5.51x	68.9%	SAFE	5	$74,300	$546,985	ROLL SOON (50d)
NVDA +215C −225P +200P −240C	$232.03	215	225	200	240	$264.80	$230.46	25	1.50x	13.8%	SAFE	10	$49,800	$232,030	OK
RetireInc (...7291)9 fortress(es) · 2 actionable · IC $180,200 · notional $1,092,632
AAPL → +240C −330P +285P −338C	$330.40	240	330	285	338	$334.64	$338.14	45	1.48x	13.7%	SAFE	5	$47,320	$165,200	REPAIR PLAN (50d)
MARA (RetireInc) +40C	$11.14	40	0	0	0	$41.04	$11.33	0	1.00x	0.0%	N/A	500	$52,000	$557,000	LEAPS-ONLY
APP +460C −540P +185P	$282.49	460	540	185	0	$588.00	$613.49	355	3.77x	34.5%	SAFE	1	$12,800	$28,249	ROLL SOON (50d)
CLSK +17C −17P +10P	$12.37	17	17	10	0	$20.74	$18.00	7	2.87x	19.1%	SAFE	25	$9,350	$30,912	OK
ENPH +45C −60P +20P	$32.78	45	60	20	0	$56.15	$58.85	40	6.48x	39.0%	SAFE	10	$7,300	$32,780	OK
IREN (RetireInc) +50C −70P +23P −42C	$40.02	50	70	23	42	$63.43	$67.31	47	7.86x	42.5%	SAFE	20	$13,700	$80,050	ROLL SOON (50d)
MSTR (RetireInc) +125C −185P +55P −170C	$160.76	125	185	55	170	$161.00	$163.79	130	11.83x	65.8%	SAFE	4	$4,800	$64,304	OK
QCOM +190C −210P +100P −220C	$183.18	190	210	100	220	$224.00	$227.17	110	4.24x	45.4%	SAFE	5	$17,000	$91,590	OK
RKLB +115C −135P +45P −79C	$70.91	115	135	45	79	$141.55	$147.92	90	4.39x	36.5%	SAFE	6	$15,930	$42,546	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $441,025 · notional $2,288,524
SPY +640C	$765.33	640	0	0	0	$764.00	$704.76	0	1.00x	0.0%	N/A	12	$148,800	$918,396	LEAPS-ONLY
CRCL +45C −65P +40P	$83.33	45	65	40	0	$87.00	$90.89	25	1.60x	52.0%	SAFE	5	$21,000	$41,665	OK
CRWV +105C −120P +40P −89C	$88.11	105	120	40	89	$125.45	$128.34	80	4.91x	54.6%	SAFE	5	$10,225	$44,055	ROLL SOON (50d)
GOOG (Neville) +300C −345P +310P −360C	$335.72	300	345	310	360	$373.00	$345.97	35	1.48x	7.7%	OK	15	$109,500	$503,580	OK
GOOG (Neville) +340C −405P +360P −360C	$335.72	340	405	360	360	$398.00	$386.05	45	1.88x	-7.2%	ITM	5	$25,500	$167,860	OK
INTC +85C −100P +35P −138C	$120.43	85	100	35	138	$114.00	$115.76	65	3.24x	70.9%	SAFE	5	$14,500	$60,215	OK
IREN (Neville) +45C −65P +21P −42C	$40.02	45	65	21	42	$56.50	$58.03	44	15.67x	47.5%	SAFE	20	$6,000	$80,050	ROLL SOON (50d)
MU (Neville) +970C −1110P +390P −1125C	$1093.97	970	1110	390	1125	$1220.00	$1232.86	720	3.88x	64.4%	SAFE	2	$50,000	$218,794	ROLL SOON (50d)
SNDK +1200C −1380P +810P −1800C	$1792.64	1200	1380	810	1800	$1620.00	$1623.23	570	2.36x	54.8%	SAFE	1	$42,000	$179,264	ROLL SOON (50d)
SPCX +150C −195P +135P −155C	$149.29	150	195	135	155	$186.00	$189.73	60	3.22x	9.6%	OK	5	$13,500	$74,645	OK

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

Stock: $40.02 HP: 12.6% OTM Current hedge: $23,360/yr Baseline (roll-fwd, savings vs this): $27,547/yr SS: $44.00 (unchanged) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $55,338/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	20.0%	$2.82	$-2.42	$-4,840	$19,421	$39,599	$8,126	15	$6,000	9mo	1mo	1.94x	PASS
2	30	Jan 15	106d	25.0%	$2.15	$-1.75	$-3,500	$14,807	$28,580	$12,741	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 $1.11	$22,200/yr	$19,421/yr	SELF-FUNDING
CC at MID $46 0.6σ, B $1.83	$36,600/yr	$19,421/yr	SELF-FUNDING
AT 20% DRAWDOWN (stock $40.02 → $32.12, hedge $39,599/yr)
CC at SS income stress-adjusted	$9,400/yr	$39,599/yr	DEFICIT $2,517/mo
CC at MID income stress-adjusted	$9,400/yr	$39,599/yr	DEFICIT $2,517/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($46, bid $1.83) in NORMAL markets. Self-funds today.
In 20% drawdown, even MID is short ~$2,517/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: $40.02 HP: 12.6% OTM Current hedge: $23,360/yr Baseline (roll-fwd, savings vs this): $27,547/yr SS: $44.00 (unchanged) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $55,338/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	20.0%	$2.82	$-2.42	$-4,840	$19,421	$39,599	$8,126	15	$6,000	9mo	1mo	1.94x	PASS
2	30	Jan 15	106d	25.0%	$2.15	$-1.75	$-3,500	$14,807	$28,580	$12,741	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 $1.11	$22,200/yr	$19,421/yr	SELF-FUNDING
CC at MID $46 0.6σ, B $1.83	$36,600/yr	$19,421/yr	SELF-FUNDING
AT 20% DRAWDOWN (stock $40.02 → $32.12, hedge $39,599/yr)
CC at SS income stress-adjusted	$9,400/yr	$39,599/yr	DEFICIT $2,517/mo
CC at MID income stress-adjusted	$9,400/yr	$39,599/yr	DEFICIT $2,517/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($46, bid $1.83) in NORMAL markets. Self-funds today.
In 20% drawdown, even MID is short ~$2,517/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: $26.73 HP: ITM Current hedge: $328,844/yr Baseline: current hedge (no same-strike quote) SS: $65.83 (unchanged) Account: Main (...1299) Contracts: 50 (5,000 sh) CC income: $69,665/yr IV: HIGH OTM floor: 8% Stress: 23% 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	10.2%	$2.70	$15.70	$78,500	$46,486	$49,585	$282,358	-6	$-30,000	N/A	N/A	0.85x	PASS
2	22	Jan 15	106d	15.8%	$2.10	$16.30	$81,500	$36,156	$59,054	$292,689	-4	$-22,500	N/A	N/A	0.89x	PASS
3	21	Jan 15	106d	21.4%	$1.60	$16.80	$84,000	$27,547	$70,245	$301,297	-3	$-15,000	N/A	N/A	0.93x	PASS
4	20	Jan 15	106d	25.2%	$1.29	$17.11	$85,550	$22,210	$64,564	$306,634	-2	$-10,000	N/A	N/A	0.95x	PASS
5	19	Jan 15	106d	28.9%	$1.04	$17.36	$86,800	$17,906	$55,955	$310,939	-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 $0.51	$25,500/yr	$46,486/yr	DEFICIT $1,749/mo
CC at MID $31 0.7σ, B $1.06	$53,000/yr	$46,486/yr	SELF-FUNDING
AT 23% DRAWDOWN (stock $26.73 → $20.48, hedge $49,585/yr)
CC at SS income stress-adjusted	$25,500/yr	$49,585/yr	DEFICIT $2,007/mo
CC at MID income stress-adjusted	$25,500/yr	$49,585/yr	DEFICIT $2,007/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($31, bid $1.06) in NORMAL markets. Self-funds today.
In 23% drawdown, even MID is short ~$2,007/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

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: $330.40 HP: 13.7% OTM Current hedge: $5,840/yr Baseline (roll-fwd, savings vs this): $6,271/yr SS: $334.64 (unchanged) Account: RetireInc (...7291) Contracts: 5 (500 sh) CC income: $29,160/yr IV: MEDIUM OTM floor: 10% Stress: 10% DD Payback gate: 12mo (1.0yr) 5 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	15.3%	$2.18	$-0.74	$-370	$5,101	$16,729	$1,170	50	$2,500	26mo	1mo	1.53x	PASS
2	275	Dec 18	78d	16.8%	$1.77	$-0.33	$-165	$4,141	$13,804	$2,129	55	$5,000	28mo	2mo	1.58x	PASS
3	270	Dec 18	78d	18.3%	$1.46	$-0.02	$-10	$3,416	$11,348	$2,854	60	$7,500	32mo	3mo	1.63x	PASS
4	265	Dec 18	78d	19.8%	$1.20	$0.24	$120	$2,808	$9,359	$3,463	65	$10,000	35mo	4mo	1.69x	PASS
5	275	Jan 15	106d	16.8%	$2.66	$-1.22	$-610	$4,580	$10,158	$1,691	55	$5,000	35mo	2mo	1.58x	PASS
6	235	Dec 18	78d	28.9%	$0.41	$1.03	$515	$959	$2,293	$5,311	95	$25,000	56mo	9mo	2.00x	FAIL
7	240	Dec 18	78d	27.4%	$0.46	$0.98	$490	$1,076	$2,808	$5,194	90	$22,500	52mo	8mo	1.95x	FAIL
8	235	Jan 15	106d	28.9%	$0.70	$0.74	$370	$1,205	$1,687	$5,065	95	$25,000	59mo	9mo	2.00x	FAIL
9	245	Dec 18	78d	25.8%	$0.55	$0.89	$445	$1,287	$3,416	$4,984	85	$20,000	48mo	7mo	1.90x	FAIL
10	240	Jan 15	106d	27.4%	$0.75	$0.69	$345	$1,291	$2,066	$4,979	90	$22,500	54mo	8mo	1.95x	FAIL
11	250	Dec 18	78d	24.3%	$0.66	$0.78	$390	$1,544	$5,101	$4,726	80	$17,500	44mo	6mo	1.85x	FAIL
12	245	Jan 15	106d	25.8%	$0.97	$0.47	$235	$1,670	$2,514	$4,600	85	$20,000	52mo	7mo	1.90x	FAIL
13	250	Jan 15	106d	24.3%	$1.04	$0.40	$200	$1,791	$3,753	$4,480	80	$17,500	47mo	6mo	1.85x	FAIL
14	255	Dec 18	78d	22.8%	$0.81	$0.63	$315	$1,895	$6,271	$4,375	75	$15,000	41mo	5mo	1.79x	FAIL
15	255	Jan 15	106d	22.8%	$1.31	$0.13	$65	$2,255	$4,614	$4,015	75	$15,000	45mo	5mo	1.79x	FAIL

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

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $340, B $6.90	$34,500/yr	$5,101/yr	SELF-FUNDING
CC at MID $350 0.7σ, B $3.55	$17,750/yr	$5,101/yr	SELF-FUNDING
AT 10% DRAWDOWN (stock $330.40 → $297.36, hedge $16,729/yr)
CC at SS income stress-adjusted	$1,850/yr	$16,729/yr	DEFICIT $1,240/mo
CC at MID income stress-adjusted	$850/yr	$16,729/yr	DEFICIT $1,323/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($350, bid $3.55) in NORMAL markets. Self-funds today.
In 10% drawdown, even MID is short ~$1,323/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).