Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$315,464/yr

TOTAL HEDGE (REPAIRED)

$54,750/yr

ANNUAL SAVINGS

$260,714/yr

ROLL CREDITS

$70,750

ADDITIONAL MAX LOSS

$-35,000

PORTFOLIO ACTION SUMMARY · 41 positions

2 · ROLL IMMEDIATELY1 · 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)8 fortress(es) · 4 actionable · IC $490,588 · notional $1,501,740
IREN (Joint) → +25C −47P +35P	$42.98	25	47	35	0	$44.00	$50.45	12	1.75x	18.6%	SAFE	20	$32,000	$85,960	ROLL IMMEDIATELY (14d)
GOOG (Joint) +310C −355C	$341.56	310	0	0	355	$392.50	$350.48	0	1.00x	0.0%	N/A	5	$41,250	$170,780	LEAPS-ONLY
IBIT +75C	$49.23	75	0	0	0	$70.58	$52.48	0	1.00x	0.0%	N/A	50	$22,328	$246,150	LEAPS-ONLY
MSTR (Joint) +180C −170C	$168.62	180	0	0	170	$233.00	$170.16	0	1.00x	0.0%	N/A	10	$53,000	$168,620	LEAPS-ONLY
AMZN +200C −250P +215P	$252.20	200	250	215	0	$267.92	$270.72	35	1.52x	14.8%	SAFE	5	$33,960	$126,100	ROLL SOON (49d)
BMNR (Joint) +23C −18P +25P	$27.70	23	18	25	0	$36.42	$24.16	0	1.00x	9.7%	OK	150	$201,300	$415,500	OK
COPX +65C −90P +68P	$85.65	65	90	68	0	$93.40	$96.52	22	1.77x	20.6%	SAFE	20	$56,800	$171,300	OK
HOOD +65C −95P +80P	$117.33	65	95	80	0	$114.95	$118.61	15	1.30x	31.8%	SAFE	10	$49,950	$117,330	OK
Main (...1299)14 fortress(es) · 4 actionable · IC $1,208,360 · notional $3,481,924
IREN (Main) → +25C −47P +35P	$42.98	25	47	35	0	$44.00	$50.45	12	1.75x	18.6%	SAFE	20	$32,000	$85,960	ROLL IMMEDIATELY (14d)
BMNR (Main) → +25C −18P +45P	$27.70	25	18	45	0	$65.83	$60.02	0	1.00x	-62.5%	ITM	50	$204,150	$138,500	REPAIR PLAN (105d)
IGV +70C −111C	$109.10	70	0	0	111	$96.50	$88.30	0	1.00x	0.0%	N/A	12	$31,800	$130,920	LEAPS-ONLY
MARA (Main) +13C	$12.07	13	0	0	0	$16.75	$11.26	0	1.00x	0.0%	N/A	400	$150,000	$482,800	LEAPS-ONLY
BMNR (Main) +23C −18P +25P	$27.70	23	18	25	0	$53.26	$46.76	0	1.00x	9.7%	OK	75	$226,950	$207,750	OK
COIN (Main) +165C −240P +90P −215C	$196.19	165	240	90	215	$210.90	$212.61	150	9.93x	54.1%	SAFE	8	$13,440	$156,952	OK
COIN (Main) +500C −330P +300P −215C	$196.19	500	330	300	215	$563.00	$375.17	30	1.48x	-52.9%	ITM	25	$157,500	$490,475	OK
DELL +310C −400P +320P	$553.59	310	400	320	0	$562.50	$571.06	80	1.32x	42.2%	SAFE	3	$75,750	$166,077	OK
ETHA +13C −16P +10P	$20.82	13	16	10	0	$17.33	$17.81	6	2.39x	52.0%	SAFE	50	$21,650	$104,100	OK
GLD +320C −450P +330P −413C	$384.15	320	450	330	413	$456.00	$469.66	120	1.88x	14.1%	SAFE	10	$136,000	$384,150	ROLL SOON (49d)
GLXY +38C −38P +18P	$24.43	38	38	18	0	$39.71	$35.64	20	10.05x	28.4%	SAFE	125	$27,625	$305,375	OK
HIMS +10C −20P +5P	$30.17	10	20	5	0	$17.47	$18.90	15	4.04x	83.4%	SAFE	15	$7,395	$45,255	OK
MU (Main) +880C −1010P +340P −1125C	$1093.48	880	1010	340	1125	$1028.60	$1042.84	670	5.51x	68.9%	SAFE	5	$74,300	$546,740	ROLL SOON (49d)
NVDA +215C −225P +200P −240C	$236.87	215	225	200	240	$264.80	$230.01	25	1.50x	15.6%	SAFE	10	$49,800	$236,870	OK
Neville (...0865)10 fortress(es) · 1 actionable · IC $441,025 · notional $2,316,256
SPY +640C	$771.43	640	0	0	0	$764.00	$703.85	0	1.00x	0.0%	N/A	12	$148,800	$925,716	LEAPS-ONLY
CRCL +45C −65P +40P	$87.81	45	65	40	0	$87.00	$91.84	25	1.60x	54.4%	SAFE	5	$21,000	$43,905	OK
CRWV +105C −120P +40P	$90.25	105	120	40	0	$125.45	$128.00	80	4.91x	55.7%	SAFE	5	$10,225	$45,125	ROLL SOON (49d)
GOOG (Neville) +300C −345P +310P −360C	$341.56	300	345	310	360	$373.00	$346.76	35	1.48x	9.2%	OK	15	$109,500	$512,340	OK
GOOG (Neville) +340C −405P +360P −360C	$341.56	340	405	360	360	$398.00	$385.69	45	1.88x	-5.4%	ITM	5	$25,500	$170,780	OK
INTC +85C −100P +35P −138C	$123.43	85	100	35	138	$114.00	$115.39	65	3.24x	71.6%	SAFE	5	$14,500	$61,715	OK
IREN (Neville) +45C −65P +21P	$42.98	45	65	21	0	$56.50	$58.25	44	15.67x	51.1%	SAFE	20	$6,000	$85,960	ROLL SOON (49d)
MU (Neville) +970C −1110P +390P −1125C	$1093.48	970	1110	390	1125	$1220.00	$1230.54	720	3.88x	64.3%	SAFE	2	$50,000	$218,696	ROLL SOON (49d)
SNDK +1200C −1380P +810P	$1744.14	1200	1380	810	0	$1620.00	$1628.07	570	2.36x	53.6%	SAFE	1	$42,000	$174,414	ROLL SOON (49d)
SPCX +150C −195P +135P	$155.21	150	195	135	0	$186.00	$189.65	60	3.22x	13.0%	SAFE	5	$13,500	$77,605	OK
RetireInc (...7291)9 fortress(es) · 1 actionable · IC $180,200 · notional $1,155,128
MARA (RetireInc) +40C	$12.07	40	0	0	0	$41.04	$11.81	0	1.00x	0.0%	N/A	500	$52,000	$603,500	LEAPS-ONLY
AAPL +240C −330P +285P	$331.19	240	330	285	0	$334.64	$336.55	45	1.48x	13.9%	SAFE	5	$47,320	$165,595	ROLL SOON (49d)
APP +460C −540P +185P	$273.25	460	540	185	0	$588.00	$613.57	355	3.77x	32.3%	SAFE	1	$12,800	$27,325	ROLL SOON (49d)
CLSK +17C −17P +10P	$13.29	17	17	10	0	$20.74	$18.45	7	2.87x	24.8%	SAFE	25	$9,350	$33,225	OK
ENPH +45C −60P +20P	$33.98	45	60	20	0	$56.15	$59.28	40	6.48x	41.1%	SAFE	10	$7,300	$33,980	OK
IREN (RetireInc) +50C −70P +23P	$42.98	50	70	23	0	$63.43	$66.93	47	7.86x	46.5%	SAFE	20	$13,700	$85,960	ROLL SOON (49d)
MSTR (RetireInc) +125C −185P +55P −170C	$168.62	125	185	55	170	$161.00	$163.43	130	11.83x	67.4%	SAFE	4	$4,800	$67,448	OK
QCOM +190C −210P +100P −220C	$186.91	190	210	100	220	$224.00	$228.32	110	4.24x	46.5%	SAFE	5	$17,000	$93,455	OK
RKLB +115C −135P +45P −79C	$74.40	115	135	45	79	$141.55	$148.59	90	4.39x	39.5%	SAFE	6	$15,930	$44,640	OK

IREN (Joint): HP 35P Maintenance Roll-Out · exp Oct 16 '26, 14d

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: $42.98 Current HP: 35P (14d, 18.6% OTM) Current hedge: $11,471/yr Current ML: $56,000 If HP lapses: ML $126,000 (+$70,000) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $64,736/yr Cost cap: 50% of CC = $32,368/yr IV: HIGH 4 qualifying ⚠ ER 2026-11-05 INTRADAY (34d) inside new HP tenor

CHEAPEST PICK (lowest annual cost, ML preserved): HP 35 → 35P (Jan 15 '27, 105d, 18.6% OTM) | Cost: $23,290/yr (36% of CC) | New ML: $56,000 = ML | Roll DEBIT $6,320 | Margin (TIMS): $1,383

PROTECTIVE PICK (lowest ML within cost cap): HP 35 → 37P (Jan 15 '27, 105d, 13.9% OTM) | Cost: $30,243/yr (47% of CC) | New ML: $52,000 ↓ $4,000 | Roll DEBIT $8,320 | Margin (TIMS): $1,294

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	35 CHEAP	Jan 15	105d	18.6%	$3.10	$3.35	$23,290	36%	$56,000	=	D $6,320
2	35	Dec 18	77d	18.6%	$2.40	$2.53	$23,986	37%	$56,000	=	D $4,680
3	36	Dec 18	77d	16.2%	$2.65	$3.10	$29,390	45%	$54,000	-$2,000	D $5,820
▶ 4	37 PROT	Jan 15	105d	13.9%	$3.90	$4.35	$30,243	47%	$52,000	-$4,000	D $8,320

POST-REPAIR SUSTAINABILITY CC chain Nov 06 (35d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $1.66	$34,149/yr	$23,290/yr	SELF-FUNDING
CC at MID $50 0.7σ, B $1.92	$39,497/yr	$23,290/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($51, bid $1.66). 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, 105d

Stock: $27.70 HP: ITM Current hedge: $315,464/yr Baseline: current hedge (no same-strike quote) SS: $65.83 (unchanged) Account: Main (...1299) Contracts: 50 (5,000 sh) CC income: $78,321/yr IV: HIGH OTM floor: 8% Stress: 23% DD Payback gate: 12mo (1.0yr) 5 PASS ⚠ ER 2026-11-20 INTRADAY (49d) 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	105d	9.7%	$3.15	$14.15	$70,750	$54,750	$48,667	$260,714	-7	$-35,000	N/A	N/A	0.83x	PASS
2	24	Jan 15	105d	13.4%	$2.70	$14.60	$73,000	$46,929	$58,226	$268,536	-6	$-30,000	N/A	N/A	0.85x	PASS
3	22	Jan 15	105d	18.8%	$2.02	$15.28	$76,400	$35,110	$67,786	$280,355	-4	$-22,500	N/A	N/A	0.89x	PASS
4	21	Jan 15	105d	24.2%	$1.47	$15.83	$79,150	$25,550	$72,131	$289,914	-3	$-15,000	N/A	N/A	0.93x	PASS
5	20	Jan 15	105d	27.8%	$1.31	$15.99	$79,950	$22,769	$63,440	$292,695	-2	$-10,000	N/A	N/A	0.95x	PASS

POST-REPAIR SUSTAINABILITY CC chain Nov 06 (35d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS BELOW SS $60 — assignment locks a loss · $35, B $0.60	$30,857/yr	$54,750/yr	DEFICIT $1,991/mo
CC at MID $32 0.7σ, B $1.06	$54,514/yr	$54,750/yr	DEFICIT $20/mo
AT 23% DRAWDOWN (stock $27.70 → $21.26, hedge $48,667/yr)
CC at SS income stress-adjusted	$30,857/yr	$48,667/yr	DEFICIT $1,484/mo
CC at MID income stress-adjusted	$30,857/yr	$48,667/yr	DEFICIT $1,484/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 2026-10-02 21:47). 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, 14d

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: $42.98 Current HP: 35P (14d, 18.6% OTM) Current hedge: $11,471/yr Current ML: $56,000 If HP lapses: ML $126,000 (+$70,000) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $64,736/yr Cost cap: 50% of CC = $32,368/yr IV: HIGH 4 qualifying ⚠ ER 2026-11-05 INTRADAY (34d) inside new HP tenor

CHEAPEST PICK (lowest annual cost, ML preserved): HP 35 → 35P (Jan 15 '27, 105d, 18.6% OTM) | Cost: $23,290/yr (36% of CC) | New ML: $56,000 = ML | Roll DEBIT $6,320 | Margin: n/a (RTH)

#	NEW HP	EXPIRY	DTE	OTM%	BID	ASK	HEDGE/YR	%CC	NEW ML	ΔML	ROLL
▶ 1	35 CHEAP	Jan 15	105d	18.6%	$3.10	$3.35	$23,290	36%	$56,000	=	D $6,320
2	35	Dec 18	77d	18.6%	$2.40	$2.53	$23,986	37%	$56,000	=	D $4,680
3	36	Dec 18	77d	16.2%	$2.65	$3.10	$29,390	45%	$54,000	-$2,000	D $5,820
▶ 4	37 PROT	Jan 15	105d	13.9%	$3.90	$4.35	$30,243	47%	$52,000	-$4,000	D $8,320

POST-REPAIR SUSTAINABILITY CC chain Nov 06 (35d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $51, B $1.66	$34,149/yr	$23,290/yr	SELF-FUNDING
CC at MID $50 0.7σ, B $1.92	$39,497/yr	$23,290/yr	SELF-FUNDING

FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

CC WRITING STRATEGY

WRITE CCs at SS ($51, bid $1.66). 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).