LEAPS Builder --all v6.0

DELL | 2026-07-07 14:42:23
All three modes (NORMAL + BREAKOUT + YOLO) on one page. Master Verdict summarizes; expand the per-mode sections below for full dashboards.

Master Verdict (--all)

Ticker Use Case Mode Best Pick Score Breakeven Lev Theta/day Verdict
DELL
@ $406.31		 Stock replacement (1-2yr) NORMAL $165C/$440P/$85P × 2ct
Dec '28		 87,930 $373.83 (-8%) 2.9x $+15/d FORTRESS_PREFERRED
DELL
@ $406.31		 Moderate-bull (1-2yr) NORMAL $370C/$460P/$200P × 3ct
Dec '28		 146,048 $450.52 (+11%) 5.7x $-56/d FORTRESS_PREFERRED
DELL
@ $406.31		 Active 6mo+ directional BREAKOUT $240C/$440P/$230P × 3ct
Jun '27		 1.1579 $401.53 (-1%) 3.3x $+8/d FORTRESS_PREFERRED
DELL
@ $406.31		 3-4x thesis (2yr) YOLO $660C/$410P/$360P × 10ct
Jun '27		 549,799 $709.71 (+75%) 8.2x $-155/d FORTRESS_PREFERRED

Score scales differ by mode: NORMAL/YOLO use WSPL (large integer, mode-specific weights); BREAKOUT uses sigma-weighted reward/risk (decimal). Don't compare scores across modes — compare WITHIN each row's column. Click any row to expand its full dashboard panel below.

DELL — All Modes

NORMAL — Stock replacement (Bucket A, deep ITM)

DELL @ $406.31

Sizing: $100,000 (ITM + OTM) | Chains: Jun 2027 (345d), Sep 2027 (437d), Dec 2027 (528d), Jan 2028 (563d), Jun 2028 (710d), Dec 2028 (892d)
NORMAL MODE — Bucket A (Deep ITM, LC 40-95% of stock, delta ≥ 0.70) for synthetic stock replacement; Bucket B (OTM/ATM, LC 90-200%) for max leverage / convexity. Score = WSPL × √(DTE/365); Bucket A weights peak at +25-75% (moderate-bull view), Bucket B peaks at +75-100% (convexity payoff). Designed for hold-to-expiry LEAPS positions.

Bucket A: Deep ITM Stock Replacement ($100,000 ML budget)

All Candidates

ChainTypeStructureCtDeltaICBEThetaScore
Jun '27 (345d) ↳Fortress$240C/$440P/$230P3+1.381/sh (+414)$36,920$401.53 (-1%)$+8/d65,868
Sep '27 (437d) ↳Fortress$230C/$410P/$230P3+1.276/sh (+383)$45,916$396.53 (-2%)$+13/d69,623
Dec '27 (528d) ↳Fortress$230C/$420P/$230P3+1.061/sh (+318)$41,595$394.32 (-3%)$-17/d80,975
▲Dec '27 (528d) ↳Pure$230C4+0.873/sh (+349)$94,060$465.15 (+14%)$-37/d66,171
Jan '28 (563d) ↳Fortress$240C/$430P/$250P3+1.235/sh (+370)$45,640$411.07 (+1%)$-5/d74,090
Jun '28 (710d) ↳Fortress$240C/$430P/$270P3+1.162/sh (+349)$51,805$421.34 (+4%)$-13/d74,604
★Dec '28 (892d) ↳Fortress$165C/$440P/$85P2+1.365/sh (+273)$28,533$373.83 (-8%)$+15/d87,930

★ = recommended pick (per Verdict below; multi-dim winner across score, capital, BE, theta, ROIC). ◆ = best Fortress by raw score (when not the ★). Shows what the scorer would pick without --anchor, so you can see the anchor trade-off in the table itself. ▲ = best Pure by raw score (when not the ★). Score = WSPL x sqrt(DTE/365). Positive theta = you collect time decay daily (paid to wait). Negative theta = you pay time decay daily (cost of holding long options).

Compare Across Chains (click any chain to see this-chain-pick vs default ★ winner)

Jun '27 (345d) Fortress 3ct $240C/$440P/$230P  vs  ★ DEFAULT Dec '28 (892d) Fortress 2ct $165C/$440P/$85P
Dimension THIS: Jun '27 Fortress 3ct DEFAULT ★: Dec '28 Fortress 2ct Better
Score65,86887,930DEFAULT ★ (-25%)
Contracts32THIS (+50%)
IC (capital)$36,920$28,533DEFAULT ★ (+29%)
Max Loss$99,920$99,533tie
Breakeven$401.53$373.83DEFAULT ★ (+7%)
Theta/day$8$15DEFAULT ★ (-43%)
Weighted P&L$67,751$56,248THIS (+20%)
ROIC (weighted)184%197%DEFAULT ★ (-7%)
DTE345892DEFAULT ★ (-61%)

Weighted P&L: THIS $+67,751  |  DEFAULT ★ $+56,248  |  diff $+11,503   → THIS pays $+11,503 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Sep '27 (437d) Fortress 3ct $230C/$410P/$230P  vs  ★ DEFAULT Dec '28 (892d) Fortress 2ct $165C/$440P/$85P
Dimension THIS: Sep '27 Fortress 3ct DEFAULT ★: Dec '28 Fortress 2ct Better
Score69,62387,930DEFAULT ★ (-21%)
Contracts32THIS (+50%)
IC (capital)$45,916$28,533DEFAULT ★ (+61%)
Max Loss$99,916$99,533tie
Breakeven$396.53$373.83DEFAULT ★ (+6%)
Theta/day$13$15DEFAULT ★ (-8%)
Weighted P&L$63,629$56,248THIS (+13%)
ROIC (weighted)139%197%DEFAULT ★ (-30%)
DTE437892DEFAULT ★ (-51%)

Weighted P&L: THIS $+63,629  |  DEFAULT ★ $+56,248  |  diff $+7,382   → THIS pays $+7,382 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Dec '27 (528d) Fortress 3ct $230C/$420P/$230P  vs  ★ DEFAULT Dec '28 (892d) Fortress 2ct $165C/$440P/$85P
Dimension THIS: Dec '27 Fortress 3ct DEFAULT ★: Dec '28 Fortress 2ct Better
Score80,97587,930DEFAULT ★ (-8%)
Contracts32THIS (+50%)
IC (capital)$41,595$28,533DEFAULT ★ (+46%)
Max Loss$98,595$99,533THIS (-1%)
Breakeven$394.32$373.83DEFAULT ★ (+5%)
Theta/day$-17$15DEFAULT ★ (-219%)
Weighted P&L$67,326$56,248THIS (+20%)
ROIC (weighted)162%197%DEFAULT ★ (-18%)
DTE528892DEFAULT ★ (-41%)

Weighted P&L: THIS $+67,326  |  DEFAULT ★ $+56,248  |  diff $+11,078   → THIS pays $+11,078 more under this mode's weights.

Dim-by-dim: THIS wins 3, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Jan '28 (563d) Fortress 3ct $240C/$430P/$250P  vs  ★ DEFAULT Dec '28 (892d) Fortress 2ct $165C/$440P/$85P
Dimension THIS: Jan '28 Fortress 3ct DEFAULT ★: Dec '28 Fortress 2ct Better
Score74,09087,930DEFAULT ★ (-16%)
Contracts32THIS (+50%)
IC (capital)$45,640$28,533DEFAULT ★ (+60%)
Max Loss$99,640$99,533tie
Breakeven$411.07$373.83DEFAULT ★ (+10%)
Theta/day$-5$15DEFAULT ★ (-135%)
Weighted P&L$59,656$56,248THIS (+6%)
ROIC (weighted)131%197%DEFAULT ★ (-34%)
DTE563892DEFAULT ★ (-37%)

Weighted P&L: THIS $+59,656  |  DEFAULT ★ $+56,248  |  diff $+3,408   → THIS pays $+3,408 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Jun '28 (710d) Fortress 3ct $240C/$430P/$270P  vs  ★ DEFAULT Dec '28 (892d) Fortress 2ct $165C/$440P/$85P
Dimension THIS: Jun '28 Fortress 3ct DEFAULT ★: Dec '28 Fortress 2ct Better
Score74,60487,930DEFAULT ★ (-15%)
Contracts32THIS (+50%)
IC (capital)$51,805$28,533DEFAULT ★ (+82%)
Max Loss$99,805$99,533tie
Breakeven$421.34$373.83DEFAULT ★ (+13%)
Theta/day$-13$15DEFAULT ★ (-187%)
Weighted P&L$53,491$56,248DEFAULT ★ (-5%)
ROIC (weighted)103%197%DEFAULT ★ (-48%)
DTE710892DEFAULT ★ (-20%)

Weighted P&L: THIS $+53,491  |  DEFAULT ★ $+56,248  |  diff $-2,757   → DEFAULT ★ pays $+2,757 more under this mode's weights.

Dim-by-dim: THIS wins 1, DEFAULT wins 7. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

★ (default winner)Dec '28 (892d) — This IS the default ★ pick: Fortress 2ct $165C/$440P/$85P
This panel represents the current ★ default pick — the same structure shown in the Best Fortress card and Verdict above. Use other chain panels to see how alternates compare.

Best Fortress: $165C / $440P / $85P (Dec '28, 892d)

LegActionStrikePriceDelta
LCBUY$165.0C$305.71+0.952
SPSELL$440.0P$172.28+0.422
HPBUY$85.0P$9.24-0.008
CtDeltaICMLBEThetaLevScoreROIC
2 +1.365/sh (+273) $28,533$99,533 $373.83 (-8%)$+15/d 2.9x87,930+354%

CC-Safe Strike

Verdict: FORTRESS PREFERRED

Dimension Fortress Pure Winner
$165C / $440P / $85P
2 contracts · Dec '28 (892d)		 $230C
4 contracts · Dec '27 (528d)
Score87,93066,171FORT (+33%)
Contracts24PURE (-50%)
IC (capital)$28,533$94,060FORT (-70%)
Max Loss$99,533$94,060PURE (+6%)
Breakeven$373.83$465.15FORT (-20%)
Theta/day$15$-37FORT (-61%)
ROIC (weighted)197%58%FORT (+237%)

Fortress scores +33% with similar max loss (+6%). Clear winner.

Stop Profile (MTM loss if stop hits)

StopStock at Fortress 2ctPure 4ctStock 246sh
-5%$385.99-$5,547-$7,091-$4,998
-10%$365.68-$11,095-$14,181-$9,995
-15%$345.36-$16,642-$21,272-$14,993
-20%$325.05-$22,189-$28,362-$19,990
-30%$284.42-$33,284-$42,543-$29,986

Loss = |net_delta_total * stock_price * stop_pct|. Delta-only first-order estimate; ignores vega/theta. Conservative (LOW-end) — real MTM loss is typically 10-30% larger due to extrinsic compression on a fast move.

P&L Comparison

MovePriceFortress 2ct Dec'28Pure 4ct Dec'27F-P DiffWinner
-19%$325$-19,514$-56,041$+36,527(Fort)
+0%$406$+12,991$-23,536$+36,527(Fort)
+25%$508$+40,044$+17,095$+22,950(Fort)
+50%$609$+60,360$+57,726$+2,634(Fort)
+75%$711$+80,676$+98,357$-17,682(Pure)
+100%$813$+100,991$+138,988$-37,997(Pure)
+200%$1,219$+182,253$+301,512$-119,259(Pure)
Weighted—$+56,248$+55,017$+1,230(Fort)

How to read the Weighted row: your expected dollar P&L if all the scenarios above played out, with each weighted by how much it matters for this mode. Stock replacement view: small moves matter most. +25% gets the biggest weight, then +50% / +75%. -20% and flat both count (they hurt the score). The Score is this same number multiplied by √(DTE/365) so longer-dated chains get a small bonus.

CC Overlay

No CC candidates found above breakeven. Run live (without --csv) if CC data was not included in the CSV export.

NORMAL — Moderate-bull (Bucket B, OTM/ATM)

DELL @ $406.31

Sizing: $100,000 (ITM + OTM) | Chains: Jun 2027 (345d), Sep 2027 (437d), Dec 2027 (528d), Jan 2028 (563d), Jun 2028 (710d), Dec 2028 (892d)
NORMAL MODE — Bucket A (Deep ITM, LC 40-95% of stock, delta ≥ 0.70) for synthetic stock replacement; Bucket B (OTM/ATM, LC 90-200%) for max leverage / convexity. Score = WSPL × √(DTE/365); Bucket A weights peak at +25-75% (moderate-bull view), Bucket B peaks at +75-100% (convexity payoff). Designed for hold-to-expiry LEAPS positions.

Bucket B: OTM Max Leverage ($100,000 ML budget)

All Candidates

ChainTypeStructureCtDeltaICBEThetaScore
Jun '27 (345d) ↳Fortress$410C/$410P/$360P6+0.703/sh (+422)$69,149$525.25 (+29%)$-207/d136,880
▲Jun '27 (345d) ↳Pure$440C8+0.496/sh (+396)$98,969$563.71 (+39%)$-287/d156,276
Sep '27 (437d) ↳Fortress$370C/$460P/$290P4+1.047/sh (+419)$31,103$453.88 (+12%)$-87/d133,361
Dec '27 (528d) ↳Fortress$380C/$420P/$370P5+0.705/sh (+352)$73,601$527.20 (+30%)$-137/d138,844
Jan '28 (563d) ↳Fortress$370C/$460P/$320P4+0.954/sh (+381)$43,512$478.78 (+18%)$-90/d135,960
Jun '28 (710d) ↳Fortress$370C/$460P/$190P3+1.099/sh (+330)$18,536$445.89 (+10%)$-33/d134,173
★Dec '28 (892d) ↳Fortress$370C/$460P/$200P3+0.911/sh (+273)$21,313$450.52 (+11%)$-56/d146,048

★ = recommended pick (per Verdict below; multi-dim winner across score, capital, BE, theta, ROIC). ◆ = best Fortress by raw score (when not the ★). Shows what the scorer would pick without --anchor, so you can see the anchor trade-off in the table itself. ▲ = best Pure by raw score (when not the ★). Score = WSPL x sqrt(DTE/365). Positive theta = you collect time decay daily (paid to wait). Negative theta = you pay time decay daily (cost of holding long options).

Compare Across Chains (click any chain to see this-chain-pick vs default ★ winner)

Jun '27 (345d) Fortress 6ct $410C/$410P/$360P  vs  ★ DEFAULT Dec '28 (892d) Fortress 3ct $370C/$460P/$200P
Dimension THIS: Jun '27 Fortress 6ct DEFAULT ★: Dec '28 Fortress 3ct Better
Score136,880146,048DEFAULT ★ (-6%)
Contracts63THIS (+100%)
IC (capital)$69,149$21,313DEFAULT ★ (+224%)
Max Loss$99,149$99,313tie
Breakeven$525.25$450.52DEFAULT ★ (+17%)
Theta/day$-207$-56DEFAULT ★ (-268%)
Weighted P&L$140,792$93,424THIS (+51%)
ROIC (weighted)204%438%DEFAULT ★ (-54%)
DTE345892DEFAULT ★ (-61%)

Weighted P&L: THIS $+140,792  |  DEFAULT ★ $+93,424  |  diff $+47,367   → THIS pays $+47,367 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Sep '27 (437d) Fortress 4ct $370C/$460P/$290P  vs  ★ DEFAULT Dec '28 (892d) Fortress 3ct $370C/$460P/$200P
Dimension THIS: Sep '27 Fortress 4ct DEFAULT ★: Dec '28 Fortress 3ct Better
Score133,361146,048DEFAULT ★ (-9%)
Contracts43THIS (+33%)
IC (capital)$31,103$21,313DEFAULT ★ (+46%)
Max Loss$99,103$99,313tie
Breakeven$453.88$450.52DEFAULT ★ (+1%)
Theta/day$-87$-56DEFAULT ★ (-55%)
Weighted P&L$121,880$93,424THIS (+30%)
ROIC (weighted)392%438%DEFAULT ★ (-11%)
DTE437892DEFAULT ★ (-51%)

Weighted P&L: THIS $+121,880  |  DEFAULT ★ $+93,424  |  diff $+28,456   → THIS pays $+28,456 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Dec '27 (528d) Fortress 5ct $380C/$420P/$370P  vs  ★ DEFAULT Dec '28 (892d) Fortress 3ct $370C/$460P/$200P
Dimension THIS: Dec '27 Fortress 5ct DEFAULT ★: Dec '28 Fortress 3ct Better
Score138,844146,048DEFAULT ★ (-5%)
Contracts53THIS (+67%)
IC (capital)$73,601$21,313DEFAULT ★ (+245%)
Max Loss$98,601$99,313THIS (-1%)
Breakeven$527.20$450.52DEFAULT ★ (+17%)
Theta/day$-137$-56DEFAULT ★ (-144%)
Weighted P&L$115,440$93,424THIS (+24%)
ROIC (weighted)157%438%DEFAULT ★ (-64%)
DTE528892DEFAULT ★ (-41%)

Weighted P&L: THIS $+115,440  |  DEFAULT ★ $+93,424  |  diff $+22,015   → THIS pays $+22,015 more under this mode's weights.

Dim-by-dim: THIS wins 3, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Jan '28 (563d) Fortress 4ct $370C/$460P/$320P  vs  ★ DEFAULT Dec '28 (892d) Fortress 3ct $370C/$460P/$200P
Dimension THIS: Jan '28 Fortress 4ct DEFAULT ★: Dec '28 Fortress 3ct Better
Score135,960146,048DEFAULT ★ (-7%)
Contracts43THIS (+33%)
IC (capital)$43,512$21,313DEFAULT ★ (+104%)
Max Loss$99,512$99,313tie
Breakeven$478.78$450.52DEFAULT ★ (+6%)
Theta/day$-90$-56DEFAULT ★ (-60%)
Weighted P&L$109,472$93,424THIS (+17%)
ROIC (weighted)252%438%DEFAULT ★ (-43%)
DTE563892DEFAULT ★ (-37%)

Weighted P&L: THIS $+109,472  |  DEFAULT ★ $+93,424  |  diff $+16,047   → THIS pays $+16,047 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Jun '28 (710d) Fortress 3ct $370C/$460P/$190P  vs  ★ DEFAULT Dec '28 (892d) Fortress 3ct $370C/$460P/$200P
Dimension THIS: Jun '28 Fortress 3ct DEFAULT ★: Dec '28 Fortress 3ct Better
Score134,173146,048DEFAULT ★ (-8%)
Contracts33tie
IC (capital)$18,536$21,313THIS (-13%)
Max Loss$99,536$99,313tie
Breakeven$445.89$450.52THIS (-1%)
Theta/day$-33$-56THIS (+40%)
Weighted P&L$96,202$93,424THIS (+3%)
ROIC (weighted)519%438%THIS (+18%)
DTE710892DEFAULT ★ (-20%)

Weighted P&L: THIS $+96,202  |  DEFAULT ★ $+93,424  |  diff $+2,777   → THIS pays $+2,777 more under this mode's weights.

Dim-by-dim: THIS wins 5, DEFAULT wins 2. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

★ (default winner)Dec '28 (892d) — This IS the default ★ pick: Fortress 3ct $370C/$460P/$200P
This panel represents the current ★ default pick — the same structure shown in the Best Fortress card and Verdict above. Use other chain panels to see how alternates compare.

Best Fortress: $370C / $460P / $200P (Dec '28, 892d)

LegActionStrikePriceDelta
LCBUY$370.0C$215.69+0.687
SPSELL$460.0P$193.00+0.303
HPBUY$200.0P$48.35-0.079
CtDeltaICMLBEThetaLevScoreROIC
3 +0.911/sh (+273) $21,313$99,313 $450.52 (+11%)$-56/d 5.7x146,048+523%

CC-Safe Strike

Verdict: FORTRESS PREFERRED

Dimension Fortress Pure Winner
$370C / $460P / $200P
3 contracts · Dec '28 (892d)		 $440C
8 contracts · Jun '27 (345d)
Score146,048156,276PURE (-7%)
Contracts38PURE (-62%)
IC (capital)$21,313$98,969FORT (-78%)
Max Loss$99,313$98,969TIE
Breakeven$450.52$563.71FORT (-20%)
Theta/day$-56$-287FORT (-80%)
ROIC (weighted)438%162%FORT (+170%)

Score gap is small (7%). Fortress wins 4/4 efficiency dims. Build the fortress for capital efficiency.

Stop Profile (MTM loss if stop hits)

StopStock at Fortress 3ctPure 8ctStock 246sh
-5%$385.99-$5,554-$8,055-$4,998
-10%$365.68-$11,109-$16,109-$9,995
-15%$345.36-$16,663-$24,164-$14,993
-20%$325.05-$22,218-$32,219-$19,990
-30%$284.42-$33,327-$48,328-$29,986

Loss = |net_delta_total * stock_price * stop_pct|. Delta-only first-order estimate; ignores vega/theta. Conservative (LOW-end) — real MTM loss is typically 10-30% larger due to extrinsic compression on a fast move.

P&L Comparison

MovePriceFortress 3ct Dec'28Pure 8ct Jun'27F-P DiffWinner
-19%$325$-61,799$-98,969$+37,170(Fort)
+0%$406$-26,527$-98,969$+72,442(Fort)
+25%$508$+20,053$-44,659$+64,712(Fort)
+50%$609$+50,526$+36,603$+13,923(Fort)
+75%$711$+81,000$+117,865$-36,866(Pure)
+100%$813$+111,473$+199,127$-87,654(Pure)
+200%$1,219$+233,366$+524,175$-290,809(Pure)
Weighted—$+93,424$+160,742$-67,318(Pure)

How to read the Weighted row: your expected dollar P&L if all the scenarios above played out, with each weighted by how much it matters for this mode. Convexity view: bigger moves matter most. +75% and +100% get the biggest weights. Tail at +200% counted; downside lightly weighted. The Score is this same number multiplied by √(DTE/365) so longer-dated chains get a small bonus.

BREAKOUT — Active 6mo+ directional

DELL @ $406.31

Sizing: $100,000 (Deep ITM Only) | Chains: Jun 2027 (345d), Sep 2027 (437d), Dec 2027 (528d), Jan 2028 (563d), Jun 2028 (710d), Dec 2028 (892d)
BREAKOUT MODE — Bucket A only (deep ITM stock replacement) over a 6-month horizon. Score = (weighted P&L across sigma-scaled targets at 0.5/1.0/1.5/2.0/3.0σ of expected move (+28%, +55%, +83%, +111%, +166%; ATM IV 78%)) ÷ reward / max-loss + theta-cost, multiplied by time-fit. Stock baseline shown alongside Fortress and Pure for risk-budget comparison. Use for active directional trades; the Score Breakdown and Stop Profile cards below show per-target P&L and stop loss.

Breakout Mode: 6-month horizon, sigma-targets: +28%, +55%, +83%, +111%, +166% (IV 78%) ($100,000 ML budget)

All Candidates

ChainTypeStructureCtDeltaICBEThetaScore
◆Jun '27 (345d) ↳Fortress$240C/$440P/$230P3+1.381/sh (+414)$36,920$401.53 (-1%)$+8/d1.16
★Jun '27 (345d) ↳Pure$240C4+0.933/sh (+373)$88,166$460.42 (+13%)$-63/d1.16
Sep '27 (437d) ↳Fortress$230C/$410P/$230P3+1.276/sh (+383)$45,916$396.53 (-2%)$+13/d1.10
Dec '27 (528d) ↳Fortress$230C/$420P/$230P3+1.061/sh (+318)$41,595$394.32 (-3%)$-17/d1.12
Jan '28 (563d) ↳Fortress$240C/$430P/$250P3+1.235/sh (+370)$45,640$411.07 (+1%)$-5/d1.06
Jun '28 (710d) ↳Fortress$240C/$430P/$270P3+1.162/sh (+349)$51,805$421.34 (+4%)$-13/d0.9874
Dec '28 (892d) ↳Fortress$165C/$440P/$125P2+1.350/sh (+270)$30,673$379.18 (-7%)$+12/d0.9188
●NowStock246 sh @ $406.31246+1.000/sh (+246)$99,952$406.31 (+0%)$0/d0.8427

★ = top breakout score across Fortress, Pure, Stock. ◆ = best Fortress (when not winner). ▲ = best Pure (when not winner). ● = Stock baseline reference. Read in light of Score Breakdown + Stop Profile. Positive theta = you collect time decay daily (paid to wait). Negative theta = you pay time decay daily (cost of holding long options).

Compare Across Chains (click any chain to see this-chain-pick vs default ★ winner)

★ (default winner)Jun '27 (345d) — This IS the default ★ pick: Fortress 3ct $240C/$440P/$230P
This panel represents the current ★ default pick — the same structure shown in the Best Fortress card and Verdict above. Use other chain panels to see how alternates compare.
Sep '27 (437d) Fortress 3ct $230C/$410P/$230P  vs  ★ DEFAULT Jun '27 (345d) Fortress 3ct $240C/$440P/$230P
Dimension THIS: Sep '27 Fortress 3ct DEFAULT ★: Jun '27 Fortress 3ct Better
Score1.101.16DEFAULT ★ (-5%)
Contracts33tie
IC (capital)$45,916$36,920DEFAULT ★ (+24%)
Max Loss$99,916$99,920tie
Breakeven$396.53$401.53THIS (-1%)
Theta/day$13$8THIS (+62%)
Weighted P&L$109,698$115,694DEFAULT ★ (-5%)
ROIC (weighted)239%313%DEFAULT ★ (-24%)
DTE437345THIS (+27%)

Weighted P&L: THIS $+109,698  |  DEFAULT ★ $+115,694  |  diff $-5,996   → DEFAULT ★ pays $+5,996 more under this mode's weights.

Dim-by-dim: THIS wins 3, DEFAULT wins 4. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Dec '27 (528d) Fortress 3ct $230C/$420P/$230P  vs  ★ DEFAULT Jun '27 (345d) Fortress 3ct $240C/$440P/$230P
Dimension THIS: Dec '27 Fortress 3ct DEFAULT ★: Jun '27 Fortress 3ct Better
Score1.121.16DEFAULT ★ (-3%)
Contracts33tie
IC (capital)$41,595$36,920DEFAULT ★ (+13%)
Max Loss$98,595$99,920THIS (-1%)
Breakeven$394.32$401.53THIS (-2%)
Theta/day$-17$8DEFAULT ★ (-309%)
Weighted P&L$114,020$115,694DEFAULT ★ (-1%)
ROIC (weighted)274%313%DEFAULT ★ (-13%)
DTE528345THIS (+53%)

Weighted P&L: THIS $+114,020  |  DEFAULT ★ $+115,694  |  diff $-1,675   → DEFAULT ★ pays $+1,675 more under this mode's weights.

Dim-by-dim: THIS wins 3, DEFAULT wins 5. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Jan '28 (563d) Fortress 3ct $240C/$430P/$250P  vs  ★ DEFAULT Jun '27 (345d) Fortress 3ct $240C/$440P/$230P
Dimension THIS: Jan '28 Fortress 3ct DEFAULT ★: Jun '27 Fortress 3ct Better
Score1.061.16DEFAULT ★ (-8%)
Contracts33tie
IC (capital)$45,640$36,920DEFAULT ★ (+24%)
Max Loss$99,640$99,920tie
Breakeven$411.07$401.53DEFAULT ★ (+2%)
Theta/day$-5$8DEFAULT ★ (-161%)
Weighted P&L$106,974$115,694DEFAULT ★ (-8%)
ROIC (weighted)234%313%DEFAULT ★ (-25%)
DTE563345THIS (+63%)

Weighted P&L: THIS $+106,974  |  DEFAULT ★ $+115,694  |  diff $-8,720   → DEFAULT ★ pays $+8,720 more under this mode's weights.

Dim-by-dim: THIS wins 1, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Jun '28 (710d) Fortress 3ct $240C/$430P/$270P  vs  ★ DEFAULT Jun '27 (345d) Fortress 3ct $240C/$440P/$230P
Dimension THIS: Jun '28 Fortress 3ct DEFAULT ★: Jun '27 Fortress 3ct Better
Score0.98741.16DEFAULT ★ (-15%)
Contracts33tie
IC (capital)$51,805$36,920DEFAULT ★ (+40%)
Max Loss$99,805$99,920tie
Breakeven$421.34$401.53DEFAULT ★ (+5%)
Theta/day$-13$8DEFAULT ★ (-253%)
Weighted P&L$100,809$115,694DEFAULT ★ (-13%)
ROIC (weighted)195%313%DEFAULT ★ (-38%)
DTE710345THIS (+106%)

Weighted P&L: THIS $+100,809  |  DEFAULT ★ $+115,694  |  diff $-14,885   → DEFAULT ★ pays $+14,885 more under this mode's weights.

Dim-by-dim: THIS wins 1, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Dec '28 (892d) Fortress 2ct $165C/$440P/$125P  vs  ★ DEFAULT Jun '27 (345d) Fortress 3ct $240C/$440P/$230P
Dimension THIS: Dec '28 Fortress 2ct DEFAULT ★: Jun '27 Fortress 3ct Better
Score0.91881.16DEFAULT ★ (-21%)
Contracts23DEFAULT ★ (-33%)
IC (capital)$30,673$36,920THIS (-17%)
Max Loss$93,673$99,920THIS (-6%)
Breakeven$379.18$401.53THIS (-6%)
Theta/day$12$8THIS (+46%)
Weighted P&L$86,070$115,694DEFAULT ★ (-26%)
ROIC (weighted)281%313%DEFAULT ★ (-10%)
DTE892345THIS (+159%)

Weighted P&L: THIS $+86,070  |  DEFAULT ★ $+115,694  |  diff $-29,624   → DEFAULT ★ pays $+29,624 more under this mode's weights.

Dim-by-dim: THIS wins 5, DEFAULT wins 4. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Best Fortress: $240C / $440P / $230P (Jun '27, 345d)

LegActionStrikePriceDelta
LCBUY$240.0C$220.42+0.933
SPSELL$440.0P$126.85+0.504
HPBUY$230.0P$29.51-0.056
CtDeltaICMLBEThetaLevScoreROIC
3 +1.381/sh (+414) $36,920$99,920 $401.53 (-1%)$+8/d 3.3x1.16+365%

CC-Safe Strike

Verdict: FORTRESS PREFERRED

Dimension Fortress Pure Winner
$240C / $440P / $230P
3 contracts · Jun '27 (345d)		 $240C
4 contracts · Jun '27 (345d)
Score1.161.16TIE
Contracts34PURE (-25%)
IC (capital)$36,920$88,166FORT (-58%)
Max Loss$99,920$88,166PURE (+13%)
Breakeven$401.53$460.42FORT (-13%)
Theta/day$8$-63FORT (-87%)
ROIC (weighted)313%131%FORT (+140%)

Score gap is small (0%). Fortress wins 4/4 efficiency dims. Build the fortress for capital efficiency.

Score Breakdown (sigma-weighted (5 targets at 0.5-3sigma))

sigmaMovePriceWeight Fortress 3ctPure 4ctStock 246shWinner
0.5sigma+28%$518.5715%$+46,652$+23,263$+27,617(Fort)
1sigma+55%$630.8420%$+80,331$+68,169$+55,234(Fort)
1.5sigma+83%$743.1030%$+114,010$+113,074$+82,851(Fort)
2sigma+111%$855.3725%$+147,690$+157,980$+110,468(Pure)
3sigma+166%$1,079.8910%$+215,048$+247,791$+165,702(Pure)
Weighted average P&L100% $+115,694 $+115,320 $+84,232 (Fort)

Each row is the at-expiry P&L if the stock lands at the target price. Score = (weighted-avg P&L) / (max-loss + theta-cost-over-hold) * time-fit. Read this table to override the score winner if your conviction favors a specific scenario row.

Stop Profile (MTM loss if stop hits)

StopStock at Fortress 3ctPure 4ctStock 246sh
-5%$385.99-$8,416-$7,581-$4,998
-10%$365.68-$16,832-$15,162-$9,995
-15%$345.36-$25,248-$22,743-$14,993
-20%$325.05-$33,664-$30,324-$19,990
-30%$284.42-$50,497-$45,486-$29,986

Loss = |net_delta_total * stock_price * stop_pct|. Delta-only first-order estimate; ignores vega/theta. Conservative (LOW-end) — real MTM loss is typically 10-30% larger due to extrinsic compression on a fast move.

P&L Comparison

MovePriceFortress 3ct Jun'27Pure 4ct Jun'27Stock 246shF-P DiffWinner
-19%$325$-45,891$-54,147$-19,990$+8,256(Stock)
+0%$406$+2,866$-21,642$0$+24,508(Fort)
+25%$508$+43,446$+18,989$+24,988$+24,457(Fort)
+50%$609$+73,919$+59,620$+49,976$+14,300(Fort)
+75%$711$+104,392$+100,251$+74,964$+4,142(Fort)
+100%$813$+134,866$+140,882$+99,952$-6,016(Pure)
+200%$1,219$+256,759$+303,406$+199,905$-46,647(Pure)
Weighted—$+115,694$+115,320$+84,232$+375(Fort)

How to read the Weighted row: your expected dollar P&L if all the scenarios above played out, with each weighted by how much it matters for this mode. Active directional view: targets at 0.5-3 sigma of expected move over the chosen horizon. 1.5-sigma carries the biggest weight (most likely breakout magnitude). The Score is this same number multiplied by √(DTE/365) so longer-dated chains get a small bonus.

YOLO — 3-4x thesis (2yr)

DELL @ $406.31

Sizing: $100,000 (OTM Only) | Chains: Jun 2027 (345d), Sep 2027 (437d), Dec 2027 (528d), Jan 2028 (563d), Jun 2028 (710d), Dec 2028 (892d)
YOLO MODE — Bucket B widened to LC 95-300% and SP 30-130% of stock, tail-weighted scoring with peaks at +200% (3x) and +300% (4x). Bucket A is shown below as a context comparison; the YOLO play is the OTM section above. Use this only on names with strong directional conviction over a 2-year horizon.

YOLO Mode: Widened OTM (LC max 300% of stock, 3-4x thesis, 2yr horizon) ($100,000 ML budget)

All Candidates

ChainTypeStructureCtDeltaICBEThetaScore
★Jun '27 (345d) ↳Fortress$660C/$410P/$360P10+0.274/sh (+274)$49,708$709.71 (+75%)$-155/d549,799
▲Jun '27 (345d) ↳Pure$680C15+0.128/sh (+192)$98,422$745.61 (+84%)$-285/d778,627
Sep '27 (437d) ↳Fortress$690C/$410P/$360P9+0.272/sh (+245)$54,788$750.88 (+85%)$-133/d520,653
Dec '27 (528d) ↳Fortress$650C/$420P/$370P8+0.271/sh (+217)$59,709$724.64 (+78%)$-149/d528,038
Jan '28 (563d) ↳Fortress$610C/$330P/$280P7+0.638/sh (+447)$64,594$702.28 (+73%)$-82/d492,898
Jun '28 (710d) ↳Fortress$600C/$240P/$195P6+0.378/sh (+227)$72,793$721.32 (+78%)$-103/d458,075
Dec '28 (892d) ↳Fortress$530C/$450P/$400P5+0.388/sh (+194)$74,013$678.03 (+67%)$-153/d456,265
●NowStock246 sh @ $406.31246+1.000/sh (+246)$99,952$406.31 (+0%)$0/d293,243

★ = recommended pick (per Verdict below; multi-dim winner across score, capital, BE, theta, ROIC). ◆ = best Fortress (when not winner). ▲ = best Pure (when not winner). ● = Stock baseline reference. Score = WSPL x sqrt(DTE/365), tail-weighted for 3-4x thesis. Positive theta = you collect time decay daily (paid to wait). Negative theta = you pay time decay daily (cost of holding long options).

Compare Across Chains (click any chain to see this-chain-pick vs default ★ winner)

★ (default winner)Jun '27 (345d) — This IS the default ★ pick: Fortress 10ct $660C/$410P/$360P
This panel represents the current ★ default pick — the same structure shown in the Best Fortress card and Verdict above. Use other chain panels to see how alternates compare.
Sep '27 (437d) Fortress 9ct $690C/$410P/$360P  vs  ★ DEFAULT Jun '27 (345d) Fortress 10ct $660C/$410P/$360P
Dimension THIS: Sep '27 Fortress 9ct DEFAULT ★: Jun '27 Fortress 10ct Better
Score520,653549,799DEFAULT ★ (-5%)
Contracts910DEFAULT ★ (-10%)
IC (capital)$54,788$49,708DEFAULT ★ (+10%)
Max Loss$99,788$99,708tie
Breakeven$750.88$709.71DEFAULT ★ (+6%)
Theta/day$-133$-155THIS (+14%)
Weighted P&L$475,833$565,511DEFAULT ★ (-16%)
ROIC (weighted)869%1138%DEFAULT ★ (-24%)
DTE437345THIS (+27%)

Weighted P&L: THIS $+475,833  |  DEFAULT ★ $+565,511  |  diff $-89,678   → DEFAULT ★ pays $+89,678 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Dec '27 (528d) Fortress 8ct $650C/$420P/$370P  vs  ★ DEFAULT Jun '27 (345d) Fortress 10ct $660C/$410P/$360P
Dimension THIS: Dec '27 Fortress 8ct DEFAULT ★: Jun '27 Fortress 10ct Better
Score528,038549,799DEFAULT ★ (-4%)
Contracts810DEFAULT ★ (-20%)
IC (capital)$59,709$49,708DEFAULT ★ (+20%)
Max Loss$99,709$99,708tie
Breakeven$724.64$709.71DEFAULT ★ (+2%)
Theta/day$-149$-155THIS (+4%)
Weighted P&L$439,031$565,511DEFAULT ★ (-22%)
ROIC (weighted)735%1138%DEFAULT ★ (-35%)
DTE528345THIS (+53%)

Weighted P&L: THIS $+439,031  |  DEFAULT ★ $+565,511  |  diff $-126,481   → DEFAULT ★ pays $+126,481 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Jan '28 (563d) Fortress 7ct $610C/$330P/$280P  vs  ★ DEFAULT Jun '27 (345d) Fortress 10ct $660C/$410P/$360P
Dimension THIS: Jan '28 Fortress 7ct DEFAULT ★: Jun '27 Fortress 10ct Better
Score492,898549,799DEFAULT ★ (-10%)
Contracts710DEFAULT ★ (-30%)
IC (capital)$64,594$49,708DEFAULT ★ (+30%)
Max Loss$99,594$99,708tie
Breakeven$702.28$709.71THIS (-1%)
Theta/day$-82$-155THIS (+47%)
Weighted P&L$396,871$565,511DEFAULT ★ (-30%)
ROIC (weighted)614%1138%DEFAULT ★ (-46%)
DTE563345THIS (+63%)

Weighted P&L: THIS $+396,871  |  DEFAULT ★ $+565,511  |  diff $-168,640   → DEFAULT ★ pays $+168,640 more under this mode's weights.

Dim-by-dim: THIS wins 3, DEFAULT wins 5. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Jun '28 (710d) Fortress 6ct $600C/$240P/$195P  vs  ★ DEFAULT Jun '27 (345d) Fortress 10ct $660C/$410P/$360P
Dimension THIS: Jun '28 Fortress 6ct DEFAULT ★: Jun '27 Fortress 10ct Better
Score458,075549,799DEFAULT ★ (-17%)
Contracts610DEFAULT ★ (-40%)
IC (capital)$72,793$49,708DEFAULT ★ (+46%)
Max Loss$99,793$99,708tie
Breakeven$721.32$709.71DEFAULT ★ (+2%)
Theta/day$-103$-155THIS (+34%)
Weighted P&L$328,438$565,511DEFAULT ★ (-42%)
ROIC (weighted)451%1138%DEFAULT ★ (-60%)
DTE710345THIS (+106%)

Weighted P&L: THIS $+328,438  |  DEFAULT ★ $+565,511  |  diff $-237,073   → DEFAULT ★ pays $+237,073 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 6. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Dec '28 (892d) Fortress 5ct $530C/$450P/$400P  vs  ★ DEFAULT Jun '27 (345d) Fortress 10ct $660C/$410P/$360P
Dimension THIS: Dec '28 Fortress 5ct DEFAULT ★: Jun '27 Fortress 10ct Better
Score456,265549,799DEFAULT ★ (-17%)
Contracts510DEFAULT ★ (-50%)
IC (capital)$74,013$49,708DEFAULT ★ (+49%)
Max Loss$99,013$99,708THIS (-1%)
Breakeven$678.03$709.71THIS (-4%)
Theta/day$-153$-155THIS (+1%)
Weighted P&L$291,864$565,511DEFAULT ★ (-48%)
ROIC (weighted)394%1138%DEFAULT ★ (-65%)
DTE892345THIS (+159%)

Weighted P&L: THIS $+291,864  |  DEFAULT ★ $+565,511  |  diff $-273,647   → DEFAULT ★ pays $+273,647 more under this mode's weights.

Dim-by-dim: THIS wins 4, DEFAULT wins 5. "THIS" pays more = anchor here instead. "DEFAULT" pays more = current pick stays best.

Best Fortress: $660C / $410P / $360P (Jun '27, 345d)

LegActionStrikePriceDelta
LCBUY$660.0C$69.08+0.143
SPSELL$410.0P$108.94+0.428
HPBUY$360.0P$89.56-0.297
CtDeltaICMLBEThetaLevScoreROIC
10 +0.274/sh (+274) $49,708$99,708 $709.71 (+75%)$-155/d 8.2x549,799+207%

CC-Safe Strike

Verdict: FORTRESS PREFERRED

Dimension Fortress Pure Winner
$660C / $410P / $360P
10 contracts · Jun '27 (345d)		 $680C
15 contracts · Jun '27 (345d)
Score549,799778,627PURE (-29%)
Contracts1015PURE (-33%)
IC (capital)$49,708$98,422FORT (-49%)
Max Loss$99,708$98,422PURE (+1%)
Breakeven$709.71$745.61FORT (-5%)
Theta/day$-155$-285FORT (-46%)
ROIC (weighted)1138%814%FORT (+40%)

Pure scores +29% on raw P&L from extra contracts. Fortress wins 4/4 efficiency dims (IC, BE, theta, ROIC). Trade 29% score for capital efficiency.

Stop Profile (MTM loss if stop hits)

StopStock at Fortress 10ctPure 15ctStock 246sh
-5%$385.99-$5,556-$3,894-$4,998
-10%$365.68-$11,113-$7,789-$9,995
-15%$345.36-$16,669-$11,683-$14,993
-20%$325.05-$22,225-$15,578-$19,990
-30%$284.42-$33,338-$23,367-$29,986

Loss = |net_delta_total * stock_price * stop_pct|. Delta-only first-order estimate; ignores vega/theta. Conservative (LOW-end) — real MTM loss is typically 10-30% larger due to extrinsic compression on a fast move.

P&L Comparison

MovePriceFortress 10ct Jun'27Pure 15ct Jun'27Stock 246shF-P DiffWinner
-19%$325$-99,708$-98,422$-19,990$-1,286(Stock)
+0%$406$-53,398$-98,422$0$+45,024(Stock)
+50%$609$-49,708$-98,422$+49,976$+48,714(Stock)
+100%$813$+102,912$+100,508$+99,952$+2,404(Fort)
+200%$1,219$+509,222$+709,973$+199,905$-200,751(Pure)
+300%$1,625$+915,532$+1,319,438$+299,857$-403,906(Pure)
+400%$2,032$+1,321,842$+1,928,903$+399,809$-607,061(Pure)
+700%$3,250$+2,540,772$+3,757,298$+699,666$-1,216,526(Pure)
+1000%$4,469$+3,759,702$+5,585,693$+999,523$-1,825,991(Pure)
Weighted—$+565,511$+800,878$+208,789$-235,367(Pure)

How to read the Weighted row: your expected dollar P&L if all the scenarios above played out, with each weighted by how much it matters for this mode. 3-4x thesis: huge moves matter most. +200% (3x) and +300% (4x) get the biggest weights. +400% counted as tail; +700% / +1000% rows shown above are eye candy and don't count. The Score is this same number multiplied by √(DTE/365) so longer-dated chains get a small bonus.

CC Overlay

No CC candidates found above breakeven. Run live (without --csv) if CC data was not included in the CSV export.