FORTRESS REPAIRHP Roll-Down Analysis
Generated: 2026-03-24 23:46:50
Payback gate: 12mo (1.0yr)
SS = Max(LC+ND, (LC+SP+ND)/2)
TOTAL HEDGE (CURRENT)
$272,381/yr
TOTAL HEDGE (REPAIRED)
$35,830/yr
ANNUAL SAVINGS
$236,552/yr
ROLL CREDITS
$7,570
ADDITIONAL MAX LOSS
$80,000

Fortress Position Overview

TICKERSTOCKLCSPHPSC SSGAPRMHP OTM%STATUSCTRSICNOTIONALURGENCY
QQQ $586.86 450610 5950 $607.00 151.11x -1.4% ITM 10 $137,315$586,860 CRITICAL

QQQ: HP 595P Roll-Down

Stock: $586.86 HP: ITM Current hedge: $272,381/yr SS: $607.00 (unchanged) Shares: 1,000 CC income: $57,104/yr IV: LOW OTM floor: 12% Stress: 10% DD Payback gate: 12mo (1.0yr) 73 PASS
RECOMMENDED: Roll HP 595 → 515 (Jun 30, 98d) | Save $236,552/yr | Payback 4mo (0.34yr) hedge only, 3mo (0.27yr) w/income (gate: 12mo (1.0yr)) | HP moves to 12.2% OTM | RM 1.11x → 1.69x
#NEW HPEXPIRYDTEOTM%ASK ROLL CR/SHROLL TOTALHEDGE/YRSTRESS/YRSAVED/YR GAPML+PAYBACKPB+INCNEW RM
1 515 Jun 30 98d 12.2% $9.62 $7.57 $7,570 $35,830 $72,814 $236,552 95 $80,000 4mo 3mo 1.69x PASS
2 515 May 29 66d 12.2% $6.55 $10.64 $10,640 $36,223 $108,117 $236,158 95 $80,000 4mo 3mo 1.69x PASS
3 515 Jun 18 86d 12.3% $8.55 $8.64 $8,640 $36,288 $82,974 $236,093 95 $80,220 4mo 3mo 1.69x PASS
4 510 May 29 66d 13.1% $6.02 $11.17 $11,170 $33,292 $99,988 $239,089 100 $85,000 4mo 3mo 1.73x PASS
5 510 Jun 30 98d 13.1% $8.96 $8.23 $8,230 $33,371 $67,339 $239,010 100 $85,000 4mo 3mo 1.73x PASS
6 510 Jun 18 86d 13.1% $7.96 $9.23 $9,230 $33,784 $76,735 $238,598 100 $85,000 4mo 3mo 1.73x PASS
7 510 Jun 18 86d 13.1% $7.93 $9.26 $9,260 $33,656 $76,735 $238,725 100 $85,220 4mo 3mo 1.73x PASS
8 505 May 29 66d 13.9% $5.53 $11.66 $11,660 $30,583 $79,028 $241,799 105 $90,000 4mo 4mo 1.76x PASS
9 505 Jun 30 98d 13.9% $8.36 $8.83 $8,830 $31,137 $62,720 $241,245 105 $90,000 4mo 4mo 1.76x PASS
10 505 Jun 18 86d 14.0% $7.36 $9.83 $9,830 $31,237 $60,649 $241,144 105 $90,220 4mo 4mo 1.77x PASS
11 500 May 29 66d 14.8% $5.09 $12.10 $12,100 $28,149 $72,502 $244,232 110 $95,000 5mo 4mo 1.80x PASS
12 500 Jun 30 98d 14.8% $7.79 $9.40 $9,400 $29,014 $63,912 $243,367 110 $95,000 5mo 4mo 1.80x PASS
13 500 Jun 18 86d 14.8% $6.86 $10.33 $10,330 $29,115 $55,641 $243,266 110 $95,000 5mo 4mo 1.80x PASS
14 500 Jun 18 86d 14.8% $6.84 $10.35 $10,350 $29,030 $54,708 $243,351 110 $95,220 5mo 4mo 1.80x PASS
15 495 May 29 66d 15.7% $4.68 $12.51 $12,510 $25,882 $65,534 $246,499 115 $100,000 5mo 4mo 1.84x PASS
POST-REPAIR SUSTAINABILITY CC chain Apr 24 (31d)
SCENARIO CC INCOME HEDGE COST VERDICT
CC at SS $595, B $12.96 $150,503/yr $35,830/yr SELF-FUNDING
CC at MID $595 0.2σ, B $12.96 $150,503/yr $35,830/yr SELF-FUNDING
At Drawdown (stressed hedge)
CC at SS vs stressed $150,503/yr $72,814/yr SELF-FUNDING
CC at MID vs stressed $150,503/yr $72,814/yr SELF-FUNDING
FULLY SUSTAINABLE CC at MID covers hedge in normal + stress

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).