Fortress Repair Dashboard

FORTRESS REPAIRHP Roll-Down Analysis

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

TOTAL HEDGE (CURRENT)

$397,348/yr

TOTAL HEDGE (REPAIRED)

$86,741/yr

ANNUAL SAVINGS

$310,607/yr

ROLL CREDITS

$81,440

ADDITIONAL MAX LOSS

$-15,500

PORTFOLIO ACTION SUMMARY · 41 positions

5 · REPAIR PLAN7 · LEAPS-ONLY29 · 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) · 2 actionable · IC $490,588 · notional $1,467,590
AMZN → +200C −250P +215P −260C	$251.76	200	250	215	260	$267.92	$270.76	35	1.52x	14.6%	SAFE	5	$33,960	$125,880	REPAIR PLAN (46d)
IREN (Joint) → +25C −47P +35P −60C	$40.41	25	47	35	60	$44.00	$48.96	12	1.75x	13.4%	SAFE	20	$32,000	$80,830	REPAIR PLAN (102d)
GOOG (Joint) +310C −355C	$341.56	310	0	0	355	$392.50	$350.22	0	1.00x	0.0%	N/A	5	$41,250	$170,780	LEAPS-ONLY
IBIT +75C	$48.27	75	0	0	0	$70.58	$52.83	0	1.00x	0.0%	N/A	50	$22,328	$241,350	LEAPS-ONLY
MSTR (Joint) +180C −170C	$162.03	180	0	0	170	$233.00	$171.65	0	1.00x	0.0%	N/A	10	$53,000	$162,030	LEAPS-ONLY
BMNR (Joint) +23C −18P +25P	$26.70	23	18	25	0	$36.42	$24.81	0	1.00x	6.4%	OK	150	$201,300	$400,500	OK
COPX +65C −90P +68P −89C	$86.23	65	90	68	89	$93.40	$95.31	22	1.77x	21.1%	SAFE	20	$56,800	$172,460	OK
HOOD +65C −95P +80P −120C	$113.76	65	95	80	120	$114.95	$119.11	15	1.30x	29.7%	SAFE	10	$49,950	$113,760	OK
Main (...1299)14 fortress(es) · 2 actionable · IC $1,208,360 · notional $3,350,152
BMNR (Main) → +25C −18P +45P	$26.70	25	18	45	0	$65.83	$60.40	0	1.00x	-68.5%	ITM	50	$204,150	$133,500	REPAIR PLAN (102d)
IREN (Main) → +25C −47P +35P −60C	$40.41	25	47	35	60	$44.00	$48.96	12	1.75x	13.4%	SAFE	20	$32,000	$80,830	REPAIR PLAN (102d)
GLD +320C −450P +330P −413C	$378.85	320	450	330	413	$456.00	$469.91	120	1.88x	12.9%	SAFE	10	$136,000	$378,850	ROLL SOON (46d)
MU (Main) +880C −1010P +340P −1125C	$1064.83	880	1010	340	1125	$1028.60	$1043.07	670	5.51x	68.1%	SAFE	5	$74,300	$532,415	ROLL SOON (46d)
IGV +70C −115C	$109.56	70	0	0	115	$96.50	$88.22	0	1.00x	0.0%	N/A	12	$31,800	$131,472	LEAPS-ONLY
MARA (Main) +13C	$10.94	13	0	0	0	$16.75	$11.31	0	1.00x	0.0%	N/A	400	$150,000	$437,600	LEAPS-ONLY
BMNR (Main) +23C −18P +25P	$26.70	23	18	25	0	$53.26	$47.26	0	1.00x	6.4%	OK	75	$226,950	$200,250	OK
COIN (Main) +165C −240P +90P −210C	$187.33	165	240	90	210	$210.90	$213.24	150	9.93x	52.0%	SAFE	8	$13,440	$149,864	OK
COIN (Main) +500C −330P +300P −210C	$187.33	500	330	300	210	$563.00	$378.92	30	1.48x	-60.1%	ITM	25	$157,500	$468,325	OK
DELL +310C −400P +320P −585C	$556.47	310	400	320	585	$562.50	$570.28	80	1.32x	42.5%	SAFE	3	$75,750	$166,941	OK
ETHA +13C −16P +10P	$20.32	13	16	10	0	$17.33	$17.49	6	2.39x	50.8%	SAFE	50	$21,650	$101,600	OK
GLXY +38C −38P +18P −25C	$23.00	38	38	18	25	$39.71	$35.05	20	10.05x	23.9%	SAFE	125	$27,625	$287,500	OK
HIMS +10C −20P +5P −32C	$29.41	10	20	5	32	$17.47	$18.86	15	4.04x	83.0%	SAFE	15	$7,395	$44,115	OK
NVDA +215C −225P +200P −250C	$236.89	215	225	200	250	$264.80	$230.52	25	1.50x	15.6%	SAFE	10	$49,800	$236,890	OK
RetireInc (...7291)9 fortress(es) · 1 actionable · IC $180,200 · notional $1,086,398
APP → +460C −540P +185P −355C	$285.86	460	540	185	355	$588.00	$611.43	355	3.77x	35.3%	SAFE	1	$12,800	$28,586	REPAIR PLAN (46d)
AAPL +240C −330P +285P −340C	$333.51	240	330	285	340	$334.64	$337.09	45	1.48x	14.5%	SAFE	5	$47,320	$166,755	ROLL SOON (46d)
IREN (RetireInc) +50C −70P +23P −60C	$40.41	50	70	23	60	$63.43	$66.34	47	7.86x	43.1%	SAFE	20	$13,700	$80,830	ROLL SOON (46d)
MARA (RetireInc) +40C	$10.94	40	0	0	0	$41.04	$11.62	0	1.00x	0.0%	N/A	500	$52,000	$547,000	LEAPS-ONLY
CLSK +17C −17P +10P	$12.26	17	17	10	0	$20.74	$18.47	7	2.87x	18.4%	SAFE	25	$9,350	$30,638	OK
ENPH +45C −60P +20P	$33.31	45	60	20	0	$56.15	$59.16	40	6.48x	40.0%	SAFE	10	$7,300	$33,310	OK
MSTR (RetireInc) +125C −185P +55P −170C	$162.03	125	185	55	170	$161.00	$161.93	130	11.83x	66.1%	SAFE	4	$4,800	$64,812	OK
QCOM +190C −210P +100P −220C	$182.03	190	210	100	220	$224.00	$227.32	110	4.24x	45.1%	SAFE	5	$17,000	$91,015	OK
RKLB +115C −135P +45P −78C	$72.42	115	135	45	78	$141.55	$147.95	90	4.39x	37.9%	SAFE	6	$15,930	$43,452	OK
Neville (...0865)10 fortress(es) · nothing actionable · IC $441,025 · notional $2,303,370
CRWV +105C −120P +40P −100C	$87.97	105	120	40	100	$125.45	$128.33	80	4.91x	54.5%	SAFE	5	$10,225	$43,985	ROLL SOON (46d)
IREN (Neville) +45C −65P +21P −60C	$40.41	45	65	21	60	$56.50	$58.02	44	15.67x	48.0%	SAFE	20	$6,000	$80,830	ROLL SOON (46d)
MU (Neville) +970C −1110P +390P −1150C	$1064.83	970	1110	390	1150	$1220.00	$1230.15	720	3.88x	63.4%	SAFE	2	$50,000	$212,966	ROLL SOON (46d)
SNDK +1200C −1380P +810P −1830C	$1706.51	1200	1380	810	1830	$1620.00	$1621.15	570	2.36x	52.5%	SAFE	1	$42,000	$170,652	ROLL SOON (46d)
SPY +640C −780C	$773.11	640	0	0	780	$764.00	$703.08	0	1.00x	0.0%	N/A	12	$148,800	$927,732	LEAPS-ONLY
CRCL +45C −65P +40P −91C	$83.54	45	65	40	91	$87.00	$89.70	25	1.60x	52.1%	SAFE	5	$21,000	$41,770	OK
GOOG (Neville) +300C −345P +310P −360C	$341.56	300	345	310	360	$373.00	$346.88	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	$386.16	45	1.88x	-5.4%	ITM	5	$25,500	$170,780	OK
INTC +85C −100P +35P −133C	$117.47	85	100	35	133	$114.00	$115.52	65	3.24x	70.2%	SAFE	5	$14,500	$58,735	OK
SPCX +150C −195P +135P −195C	$167.16	150	195	135	195	$186.00	$190.23	60	3.22x	19.2%	SAFE	5	$13,500	$83,580	OK

AMZN: HP 215P Roll-Down · exp Nov 20 '26, 46d

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

Stock: $251.76 HP: 14.6% OTM Current hedge: $7,657/yr Baseline (roll-fwd, savings vs this): $7,246/yr SS: $267.92 (unchanged) Account: Joint (...1782) Contracts: 5 (500 sh) CC income: $23,043/yr IV: MEDIUM OTM floor: 10% Stress: 11% DD Payback gate: 12mo (1.0yr) 2 PASS ⚠ ER 2026-10-29 AMC (24d) 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	210	Jan 15	102d	16.6%	$3.30	$-1.44	$-720	$5,904	$13,688	$1,342	40	$2,500	22mo	1mo	1.59x	PASS
2	205	Jan 15	102d	18.6%	$2.63	$-0.77	$-385	$4,706	$11,004	$2,541	45	$5,000	24mo	2mo	1.66x	PASS
3	180	Jan 15	102d	28.5%	$0.91	$0.95	$475	$1,628	$3,346	$5,618	70	$17,500	37mo	7mo	2.03x	FAIL
4	185	Jan 15	102d	26.5%	$1.13	$0.73	$365	$2,022	$4,330	$5,225	65	$15,000	34mo	6mo	1.96x	FAIL
5	190	Jan 15	102d	24.5%	$1.37	$0.49	$245	$2,451	$5,547	$4,795	60	$12,500	31mo	5mo	1.88x	FAIL
6	195	Jan 15	102d	22.5%	$1.69	$0.17	$85	$3,024	$6,978	$4,223	55	$10,000	28mo	4mo	1.81x	FAIL
7	200	Jan 15	102d	20.6%	$2.10	$-0.24	$-120	$3,757	$8,767	$3,489	50	$7,500	26mo	3mo	1.74x	FAIL

POST-REPAIR SUSTAINABILITY CC chain Nov 06 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $275, B $3.90	$21,938/yr	$5,904/yr	SELF-FUNDING
CC at MID $270 0.6σ, B $5.05	$28,406/yr	$5,904/yr	SELF-FUNDING
AT 11% DRAWDOWN (stock $251.76 → $223.55, hedge $13,688/yr)
CC at SS income stress-adjusted	$2,756/yr	$13,688/yr	DEFICIT $911/mo
CC at MID income stress-adjusted	$3,769/yr	$13,688/yr	DEFICIT $827/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($270, bid $5.05) in NORMAL markets. Self-funds today.
In 11% drawdown, even MID is short ~$827/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

IREN (Joint): HP 35P Roll-Down · exp Jan 15 '27, 102d

Stock: $40.41 HP: 13.4% OTM Current hedge: $25,765/yr Baseline (roll-fwd, savings vs this): $25,765/yr SS: $44.00 (unchanged) Account: Joint (...1782) Contracts: 20 (2,000 sh) CC income: $58,175/yr IV: HIGH OTM floor: 8% Stress: 22% DD Payback gate: 12mo (1.0yr) 2 PASS ⚠ ER 2026-11-05 INTRADAY (31d) 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	102d	20.8%	$2.46	$1.04	$2,080	$17,606	$38,754	$8,159	15	$6,000	9mo	1mo	1.94x	PASS
2	30	Jan 15	102d	25.8%	$1.85	$1.65	$3,300	$13,240	$30,417	$12,525	17	$10,000	10mo	2mo	2.06x	PASS

POST-REPAIR SUSTAINABILITY CC chain Nov 06 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $49, B $1.14	$25,650/yr	$17,606/yr	SELF-FUNDING
CC at MID $46 0.6σ, B $1.70	$38,250/yr	$17,606/yr	SELF-FUNDING
AT 22% DRAWDOWN (stock $40.41 → $31.52, hedge $38,754/yr)
CC at SS income stress-adjusted	$8,550/yr	$38,754/yr	DEFICIT $2,517/mo
CC at MID income stress-adjusted	$8,550/yr	$38,754/yr	DEFICIT $2,517/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($46, bid $1.70) in NORMAL markets. Self-funds today.
In 22% 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) · 2 actionable · overview rows

BMNR (Main): HP 45P Roll-Down · exp Jan 15 '27, 102d

Stock: $26.70 HP: ITM Current hedge: $338,162/yr Baseline: current hedge (no same-strike quote) SS: $65.83 (unchanged) Account: Main (...1299) Contracts: 50 (5,000 sh) CC income: $78,999/yr IV: HIGH OTM floor: 8% Stress: 23% DD Payback gate: 12mo (1.0yr) 5 PASS ⚠ ER 2026-11-20 INTRADAY (46d) 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	102d	10.1%	$2.55	$15.60	$78,000	$45,625	$47,414	$292,537	-6	$-30,000	N/A	N/A	0.85x	PASS
2	22	Jan 15	102d	15.7%	$1.93	$16.22	$81,100	$34,532	$57,255	$303,630	-4	$-22,500	N/A	N/A	0.89x	PASS
3	21	Jan 15	102d	21.3%	$1.42	$16.73	$83,650	$25,407	$68,885	$312,755	-3	$-15,000	N/A	N/A	0.93x	PASS
4	20	Jan 15	102d	25.1%	$1.14	$17.01	$85,050	$20,397	$63,517	$317,765	-2	$-10,000	N/A	N/A	0.95x	PASS
5	19	Jan 15	102d	28.8%	$0.93	$17.22	$86,100	$16,640	$54,571	$321,522	-1	$-5,000	N/A	N/A	0.98x	PASS

POST-REPAIR SUSTAINABILITY CC chain Nov 06 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS BELOW SS $60 — assignment locks a loss · $35, B $0.41	$23,062/yr	$45,625/yr	DEFICIT $1,880/mo
CC at MID $30 0.7σ, B $1.02	$57,375/yr	$45,625/yr	SELF-FUNDING
AT 23% DRAWDOWN (stock $26.70 → $20.54, hedge $47,414/yr)
CC at SS income stress-adjusted	$23,062/yr	$47,414/yr	DEFICIT $2,029/mo
CC at MID income stress-adjusted	$23,062/yr	$47,414/yr	DEFICIT $2,029/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($30, bid $1.02) in NORMAL markets. Self-funds today.
In 23% drawdown, even MID is short ~$2,029/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

IREN (Main): HP 35P Roll-Down · exp Jan 15 '27, 102d

Stock: $40.41 HP: 13.4% OTM Current hedge: $25,765/yr Baseline (roll-fwd, savings vs this): $25,765/yr SS: $44.00 (unchanged) Account: Main (...1299) Contracts: 20 (2,000 sh) CC income: $58,175/yr IV: HIGH OTM floor: 8% Stress: 22% DD Payback gate: 12mo (1.0yr) 2 PASS ⚠ ER 2026-11-05 INTRADAY (31d) 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	102d	20.8%	$2.46	$1.04	$2,080	$17,606	$38,754	$8,159	15	$6,000	9mo	1mo	1.94x	PASS
2	30	Jan 15	102d	25.8%	$1.85	$1.65	$3,300	$13,240	$30,417	$12,525	17	$10,000	10mo	2mo	2.06x	PASS

POST-REPAIR SUSTAINABILITY CC chain Nov 06 (32d)

SCENARIO	CC INCOME	HEDGE COST	VERDICT
CC at SS $49, B $1.14	$25,650/yr	$17,606/yr	SELF-FUNDING
CC at MID $46 0.6σ, B $1.70	$38,250/yr	$17,606/yr	SELF-FUNDING
AT 22% DRAWDOWN (stock $40.41 → $31.52, hedge $38,754/yr)
CC at SS income stress-adjusted	$8,550/yr	$38,754/yr	DEFICIT $2,517/mo
CC at MID income stress-adjusted	$8,550/yr	$38,754/yr	DEFICIT $2,517/mo

SUSTAINABLE (NORMAL) Stress requires MID+ CC or capital

CC WRITING STRATEGY

WRITE CCs at MID ($46, bid $1.70) in NORMAL markets. Self-funds today.
In 22% drawdown, even MID is short ~$2,517/mo — tighten CCs above MID (closer to ATM) OR plan to inject capital.

APP: HP 185P Roll-Down · exp Nov 20 '26, 46d (no viable candidates)

Stock: $285.86 Current HP: 185P (46d, 35.3% OTM) Current hedge: $0/yr Gap: 0 Account: RetireInc (...7291) Contracts: 1 (100 sh) IV: MEDIUM

No HP candidates passed all filters. Reasons:

No candidate puts were priced for the roll-down DTE window. Try --hp-min-dte 60 or extend --hp-max-dte.

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).