LEAPS Builder --all v6.0

DELL | 2026-07-07 14:46:36
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/$220P × 3ct
Dec '28		 137,966 $459.14 (+13%) 4.6x $-4/d FORTRESS_PREFERRED
DELL
@ $406.31		 Active 6mo+ directional BREAKOUT $320C/$440P/$330P × 5ct
Jan '27		 1.4078 $424.93 (+5%) 4.5x $-129/d PURE_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)
OFF-RTH DATA — 99% of strikes have no live streaming quote. Bid/ask in this dashboard is synthesized from last/close. Structure analysis (delta, P&L curve, score) is reliable; specific execution prices are NOT. Re-verify quotes at the moment of trade entry. Run during US RTH (09:30-16:00 ET) for live spreads.
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
▲Sep '27 (437d) ↳Pure$210C4+0.950/sh (+380)$99,691$459.23 (+13%)$-48/d62,791
Dec '27 (528d) ↳Fortress$240C/$440P/$250P3+1.226/sh (+368)$42,912$411.52 (+1%)$+1/d74,280
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 $240C/$440P/$250P  vs  ★ DEFAULT Dec '28 (892d) Fortress 2ct $165C/$440P/$85P
Dimension THIS: Dec '27 Fortress 3ct DEFAULT ★: Dec '28 Fortress 2ct Better
Score74,28087,930DEFAULT ★ (-16%)
Contracts32THIS (+50%)
IC (capital)$42,912$28,533DEFAULT ★ (+50%)
Max Loss$99,912$99,533tie
Breakeven$411.52$373.83DEFAULT ★ (+10%)
Theta/day$1$15DEFAULT ★ (-90%)
Weighted P&L$61,759$56,248THIS (+10%)
ROIC (weighted)144%197%DEFAULT ★ (-27%)
DTE528892DEFAULT ★ (-41%)

Weighted P&L: THIS $+61,759  |  DEFAULT ★ $+56,248  |  diff $+5,511   → THIS pays $+5,511 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 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)		 $210C
4 contracts · Sep '27 (437d)
Score87,93062,791FORT (+40%)
Contracts24PURE (-50%)
IC (capital)$28,533$99,691FORT (-71%)
Max Loss$99,533$99,691TIE
Breakeven$373.83$459.23FORT (-19%)
Theta/day$15$-48FORT (-70%)
ROIC (weighted)197%58%FORT (+242%)

Fortress scores +40% with similar max loss (-0%). Clear winner.

Stop Profile (MTM loss if stop hits)

StopStock at Fortress 2ctPure 4ctStock 246sh
-5%$385.99-$5,547-$7,717-$4,998
-10%$365.68-$11,095-$15,433-$9,995
-15%$345.36-$16,642-$23,150-$14,993
-20%$325.05-$22,189-$30,867-$19,990
-30%$284.42-$33,284-$46,300-$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 Sep'27F-P DiffWinner
-19%$325$-19,514$-53,672$+34,158(Fort)
+0%$406$+12,991$-21,167$+34,158(Fort)
+25%$508$+40,044$+19,464$+20,581(Fort)
+50%$609$+60,360$+60,095$+265(Fort)
+75%$711$+80,676$+100,726$-20,050(Pure)
+100%$813$+100,991$+141,357$-40,366(Pure)
+200%$1,219$+182,253$+303,881$-121,628(Pure)
Weighted—$+56,248$+57,386$-1,139(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. 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)
OFF-RTH DATA — 99% of strikes have no live streaming quote. Bid/ask in this dashboard is synthesized from last/close. Structure analysis (delta, P&L curve, score) is reliable; specific execution prices are NOT. Re-verify quotes at the moment of trade entry. Run during US RTH (09:30-16:00 ET) for live spreads.
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$370C/$460P/$310P4+0.981/sh (+392)$39,892$469.73 (+16%)$-89/d136,019
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/$220P3+1.128/sh (+338)$26,483$459.14 (+13%)$-4/d137,966

★ = 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/$220P
Dimension THIS: Jun '27 Fortress 6ct DEFAULT ★: Dec '28 Fortress 3ct Better
Score136,880137,966DEFAULT ★ (-1%)
Contracts63THIS (+100%)
IC (capital)$69,149$26,483DEFAULT ★ (+161%)
Max Loss$99,149$98,483DEFAULT ★ (+1%)
Breakeven$525.25$459.14DEFAULT ★ (+14%)
Theta/day$-207$-4DEFAULT ★ (-5694%)
Weighted P&L$140,792$88,254THIS (+60%)
ROIC (weighted)204%333%DEFAULT ★ (-39%)
DTE345892DEFAULT ★ (-61%)

Weighted P&L: THIS $+140,792  |  DEFAULT ★ $+88,254  |  diff $+52,537   → THIS pays $+52,537 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 7. "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/$220P
Dimension THIS: Sep '27 Fortress 4ct DEFAULT ★: Dec '28 Fortress 3ct Better
Score133,361137,966DEFAULT ★ (-3%)
Contracts43THIS (+33%)
IC (capital)$31,103$26,483DEFAULT ★ (+17%)
Max Loss$99,103$98,483DEFAULT ★ (+1%)
Breakeven$453.88$459.14THIS (-1%)
Theta/day$-87$-4DEFAULT ★ (-2339%)
Weighted P&L$121,880$88,254THIS (+38%)
ROIC (weighted)392%333%THIS (+18%)
DTE437892DEFAULT ★ (-51%)

Weighted P&L: THIS $+121,880  |  DEFAULT ★ $+88,254  |  diff $+33,626   → THIS pays $+33,626 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.

Dec '27 (528d) Fortress 4ct $370C/$460P/$310P  vs  ★ DEFAULT Dec '28 (892d) Fortress 3ct $370C/$460P/$220P
Dimension THIS: Dec '27 Fortress 4ct DEFAULT ★: Dec '28 Fortress 3ct Better
Score136,019137,966DEFAULT ★ (-1%)
Contracts43THIS (+33%)
IC (capital)$39,892$26,483DEFAULT ★ (+51%)
Max Loss$99,892$98,483DEFAULT ★ (+1%)
Breakeven$469.73$459.14DEFAULT ★ (+2%)
Theta/day$-89$-4DEFAULT ★ (-2385%)
Weighted P&L$113,091$88,254THIS (+28%)
ROIC (weighted)283%333%DEFAULT ★ (-15%)
DTE528892DEFAULT ★ (-41%)

Weighted P&L: THIS $+113,091  |  DEFAULT ★ $+88,254  |  diff $+24,837   → THIS pays $+24,837 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 7. "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/$220P
Dimension THIS: Jan '28 Fortress 4ct DEFAULT ★: Dec '28 Fortress 3ct Better
Score135,960137,966DEFAULT ★ (-1%)
Contracts43THIS (+33%)
IC (capital)$43,512$26,483DEFAULT ★ (+64%)
Max Loss$99,512$98,483DEFAULT ★ (+1%)
Breakeven$478.78$459.14DEFAULT ★ (+4%)
Theta/day$-90$-4DEFAULT ★ (-2411%)
Weighted P&L$109,472$88,254THIS (+24%)
ROIC (weighted)252%333%DEFAULT ★ (-25%)
DTE563892DEFAULT ★ (-37%)

Weighted P&L: THIS $+109,472  |  DEFAULT ★ $+88,254  |  diff $+21,217   → THIS pays $+21,217 more under this mode's weights.

Dim-by-dim: THIS wins 2, DEFAULT wins 7. "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/$220P
Dimension THIS: Jun '28 Fortress 3ct DEFAULT ★: Dec '28 Fortress 3ct Better
Score134,173137,966DEFAULT ★ (-3%)
Contracts33tie
IC (capital)$18,536$26,483THIS (-30%)
Max Loss$99,536$98,483DEFAULT ★ (+1%)
Breakeven$445.89$459.14THIS (-3%)
Theta/day$-33$-4DEFAULT ★ (-837%)
Weighted P&L$96,202$88,254THIS (+9%)
ROIC (weighted)519%333%THIS (+56%)
DTE710892DEFAULT ★ (-20%)

Weighted P&L: THIS $+96,202  |  DEFAULT ★ $+88,254  |  diff $+7,948   → THIS pays $+7,948 more under this mode's weights.

Dim-by-dim: THIS wins 4, DEFAULT wins 4. "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/$220P
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 / $220P (Dec '28, 892d)

LegActionStrikePriceDelta
LCBUY$370.0C$215.69+0.776
SPSELL$460.0P$185.37+0.452
HPBUY$220.0P$57.96-0.100
CtDeltaICMLBEThetaLevScoreROIC
3 +1.128/sh (+338) $26,483$98,483 $459.14 (+13%)$-4/d 4.6x137,966+401%

CC-Safe Strike

Verdict: FORTRESS PREFERRED

Dimension Fortress Pure Winner
$370C / $460P / $220P
3 contracts · Dec '28 (892d)		 $440C
8 contracts · Jun '27 (345d)
Score137,966156,276PURE (-12%)
Contracts38PURE (-62%)
IC (capital)$26,483$98,969FORT (-73%)
Max Loss$98,483$98,969TIE
Breakeven$459.14$563.71FORT (-19%)
Theta/day$-4$-287FORT (-99%)
ROIC (weighted)333%162%FORT (+105%)

Pure scores +12% on raw P&L from extra contracts. Fortress wins 4/4 efficiency dims (IC, BE, theta, ROIC). Trade 12% score for capital efficiency.

Stop Profile (MTM loss if stop hits)

StopStock at Fortress 3ctPure 8ctStock 246sh
-5%$385.99-$6,876-$8,055-$4,998
-10%$365.68-$13,752-$16,109-$9,995
-15%$345.36-$20,628-$24,164-$14,993
-20%$325.05-$27,504-$32,219-$19,990
-30%$284.42-$41,256-$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%$325$-66,969$-98,969$+32,000(Fort)
+0%$406$-31,697$-98,969$+67,272(Fort)
+25%$508$+14,883$-44,659$+59,542(Fort)
+50%$609$+45,356$+36,603$+8,753(Fort)
+75%$711$+75,830$+117,865$-42,036(Pure)
+100%$813$+106,303$+199,127$-92,824(Pure)
+200%$1,219$+228,196$+524,175$-295,979(Pure)
Weighted—$+88,254$+160,742$-72,488(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: Sep 2026 (73d), Oct 2026 (101d), Nov 2026 (136d), Dec 2026 (164d), Jan 2027 (192d), Mar 2027 (255d), Jun 2027 (345d), Sep 2027 (437d), Dec 2027 (528d), Jan 2028 (563d), Jun 2028 (710d), Dec 2028 (892d)
OFF-RTH DATA — 99% of strikes have no live streaming quote. Bid/ask in this dashboard is synthesized from last/close. Structure analysis (delta, P&L curve, score) is reliable; specific execution prices are NOT. Re-verify quotes at the moment of trade entry. Run during US RTH (09:30-16:00 ET) for live spreads.
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%, +57%, +85%, +113%, +170%; ATM IV 80%)) ÷ 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%, +57%, +85%, +113%, +170% (IV 80%) ($100,000 ML budget)

All Candidates

ChainTypeStructureCtDeltaICBEThetaScore
Sep '26 (73d) ↳Fortress$360C/$410P/$360P8+1.056/sh (+845)$59,652$434.56 (+7%)$-350/d0.8351
Oct '26 (101d) ↳Fortress$370C/$440P/$360P7+1.093/sh (+765)$43,019$435.73 (+7%)$-408/d0.9115
Nov '26 (136d) ↳Fortress$370C/$420P/$360P7+0.949/sh (+664)$57,687$452.41 (+11%)$-308/d1.14
Dec '26 (164d) ↳Fortress$360C/$420P/$340P6+1.021/sh (+613)$51,761$446.27 (+10%)$-196/d1.29
◆Jan '27 (192d) ↳Fortress$320C/$440P/$330P5+1.009/sh (+504)$44,932$424.93 (+5%)$-129/d1.41
★Jan '27 (192d) ↳Pure$320C7+0.773/sh (+541)$99,925$462.75 (+14%)$-147/d1.63
Mar '27 (255d) ↳Fortress$300C/$420P/$280P4+1.231/sh (+492)$43,521$414.40 (+2%)$-25/d1.34
Jun '27 (345d) ↳Fortress$240C/$440P/$230P3+1.381/sh (+414)$36,920$401.53 (-1%)$+8/d1.18
Sep '27 (437d) ↳Fortress$230C/$410P/$230P3+1.276/sh (+383)$45,916$396.53 (-2%)$+13/d1.12
Dec '27 (528d) ↳Fortress$240C/$440P/$250P3+1.226/sh (+368)$42,912$411.52 (+1%)$+1/d1.12
Jan '28 (563d) ↳Fortress$240C/$430P/$250P3+1.235/sh (+370)$45,640$411.07 (+1%)$-5/d1.09
Jun '28 (710d) ↳Fortress$240C/$430P/$270P3+1.162/sh (+349)$51,805$421.34 (+4%)$-13/d1.01
Dec '28 (892d) ↳Fortress$165C/$440P/$125P2+1.350/sh (+270)$30,673$379.18 (-7%)$+12/d0.9362
●NowStock246 sh @ $406.31246+1.000/sh (+246)$99,952$406.31 (+0%)$0/d0.8627

★ = 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)

Sep '26 (73d) Pure 11ct Long Call $370  vs  ★ DEFAULT Jan '27 (192d) Pure 7ct Long Call $320
Dimension THIS: Sep '26 Pure 11ct DEFAULT ★: Jan '27 Pure 7ct Better
Score0.85711.63DEFAULT ★ (-47%)
Contracts117THIS (+57%)
IC (capital)$97,563$99,925THIS (-2%)
Max Loss$97,563$99,925THIS (-2%)
Breakeven$458.69$462.75THIS (-1%)
Theta/day$-789$-147DEFAULT ★ (-439%)
Weighted P&L$327,956$205,860THIS (+59%)
ROIC (weighted)336%206%THIS (+63%)
DTE73192DEFAULT ★ (-62%)

Weighted P&L: THIS $+327,956  |  DEFAULT ★ $+205,860  |  diff $+122,096   → THIS pays $+122,096 more under this mode's weights.

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

Oct '26 (101d) Pure 10ct Long Call $370  vs  ★ DEFAULT Jan '27 (192d) Pure 7ct Long Call $320
Dimension THIS: Oct '26 Pure 10ct DEFAULT ★: Jan '27 Pure 7ct Better
Score1.011.63DEFAULT ★ (-38%)
Contracts107THIS (+43%)
IC (capital)$98,080$99,925THIS (-2%)
Max Loss$98,080$99,925THIS (-2%)
Breakeven$468.08$462.75DEFAULT ★ (+1%)
Theta/day$-612$-147DEFAULT ★ (-317%)
Weighted P&L$288,755$205,860THIS (+40%)
ROIC (weighted)294%206%THIS (+43%)
DTE101192DEFAULT ★ (-47%)

Weighted P&L: THIS $+288,755  |  DEFAULT ★ $+205,860  |  diff $+82,895   → THIS pays $+82,895 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.

Nov '26 (136d) Pure 9ct Long Call $370  vs  ★ DEFAULT Jan '27 (192d) Pure 7ct Long Call $320
Dimension THIS: Nov '26 Pure 9ct DEFAULT ★: Jan '27 Pure 7ct Better
Score1.181.63DEFAULT ★ (-27%)
Contracts97THIS (+29%)
IC (capital)$96,692$99,925THIS (-3%)
Max Loss$96,692$99,925THIS (-3%)
Breakeven$477.44$462.75DEFAULT ★ (+3%)
Theta/day$-471$-147DEFAULT ★ (-221%)
Weighted P&L$251,460$205,860THIS (+22%)
ROIC (weighted)260%206%THIS (+26%)
DTE136192DEFAULT ★ (-29%)

Weighted P&L: THIS $+251,460  |  DEFAULT ★ $+205,860  |  diff $+45,600   → THIS pays $+45,600 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.

Dec '26 (164d) Pure 8ct Long Call $360  vs  ★ DEFAULT Jan '27 (192d) Pure 7ct Long Call $320
Dimension THIS: Dec '26 Pure 8ct DEFAULT ★: Jan '27 Pure 7ct Better
Score1.271.63DEFAULT ★ (-22%)
Contracts87THIS (+14%)
IC (capital)$97,381$99,925THIS (-3%)
Max Loss$97,381$99,925THIS (-3%)
Breakeven$481.73$462.75DEFAULT ★ (+4%)
Theta/day$-368$-147DEFAULT ★ (-151%)
Weighted P&L$220,087$205,860THIS (+7%)
ROIC (weighted)226%206%THIS (+10%)
DTE164192DEFAULT ★ (-15%)

Weighted P&L: THIS $+220,087  |  DEFAULT ★ $+205,860  |  diff $+14,227   → THIS pays $+14,227 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.

★ (default winner)Jan '27 (192d) — This IS the default ★ pick: Pure 7ct Long Call $320
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.
Mar '27 (255d) Pure 6ct Long Call $310  vs  ★ DEFAULT Jan '27 (192d) Pure 7ct Long Call $320
Dimension THIS: Mar '27 Pure 6ct DEFAULT ★: Jan '27 Pure 7ct Better
Score1.301.63DEFAULT ★ (-20%)
Contracts67DEFAULT ★ (-14%)
IC (capital)$99,748$99,925tie
Max Loss$99,748$99,925tie
Breakeven$476.25$462.75DEFAULT ★ (+3%)
Theta/day$-165$-147DEFAULT ★ (-12%)
Weighted P&L$168,353$205,860DEFAULT ★ (-18%)
ROIC (weighted)169%206%DEFAULT ★ (-18%)
DTE255192THIS (+33%)

Weighted P&L: THIS $+168,353  |  DEFAULT ★ $+205,860  |  diff $-37,506   → DEFAULT ★ pays $+37,506 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 '27 (345d) Pure 5ct Long Call $280  vs  ★ DEFAULT Jan '27 (192d) Pure 7ct Long Call $320
Dimension THIS: Jun '27 Pure 5ct DEFAULT ★: Jan '27 Pure 7ct Better
Score1.211.63DEFAULT ★ (-26%)
Contracts57DEFAULT ★ (-29%)
IC (capital)$97,844$99,925THIS (-2%)
Max Loss$97,844$99,925THIS (-2%)
Breakeven$475.69$462.75DEFAULT ★ (+3%)
Theta/day$-101$-147THIS (+31%)
Weighted P&L$140,573$205,860DEFAULT ★ (-32%)
ROIC (weighted)144%206%DEFAULT ★ (-30%)
DTE345192THIS (+80%)

Weighted P&L: THIS $+140,573  |  DEFAULT ★ $+205,860  |  diff $-65,286   → DEFAULT ★ pays $+65,286 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.

Sep '27 (437d) Pure 4ct Long Call $210  vs  ★ DEFAULT Jan '27 (192d) Pure 7ct Long Call $320
Dimension THIS: Sep '27 Pure 4ct DEFAULT ★: Jan '27 Pure 7ct Better
Score1.101.63DEFAULT ★ (-33%)
Contracts47DEFAULT ★ (-43%)
IC (capital)$99,691$99,925tie
Max Loss$99,691$99,925tie
Breakeven$459.23$462.75THIS (-1%)
Theta/day$-48$-147THIS (+67%)
Weighted P&L$119,043$205,860DEFAULT ★ (-42%)
ROIC (weighted)119%206%DEFAULT ★ (-42%)
DTE437192THIS (+128%)

Weighted P&L: THIS $+119,043  |  DEFAULT ★ $+205,860  |  diff $-86,817   → DEFAULT ★ pays $+86,817 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) Pure 4ct Long Call $230  vs  ★ DEFAULT Jan '27 (192d) Pure 7ct Long Call $320
Dimension THIS: Dec '27 Pure 4ct DEFAULT ★: Jan '27 Pure 7ct Better
Score1.051.63DEFAULT ★ (-35%)
Contracts47DEFAULT ★ (-43%)
IC (capital)$97,902$99,925THIS (-2%)
Max Loss$97,902$99,925THIS (-2%)
Breakeven$474.75$462.75DEFAULT ★ (+3%)
Theta/day$-52$-147THIS (+65%)
Weighted P&L$112,832$205,860DEFAULT ★ (-45%)
ROIC (weighted)115%206%DEFAULT ★ (-44%)
DTE528192THIS (+175%)

Weighted P&L: THIS $+112,832  |  DEFAULT ★ $+205,860  |  diff $-93,028   → DEFAULT ★ pays $+93,028 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.

Jan '28 (563d) Pure 4ct Long Call $230  vs  ★ DEFAULT Jan '27 (192d) Pure 7ct Long Call $320
Dimension THIS: Jan '28 Pure 4ct DEFAULT ★: Jan '27 Pure 7ct Better
Score1.041.63DEFAULT ★ (-36%)
Contracts47DEFAULT ★ (-43%)
IC (capital)$98,906$99,925THIS (-1%)
Max Loss$98,906$99,925THIS (-1%)
Breakeven$477.26$462.75DEFAULT ★ (+3%)
Theta/day$-50$-147THIS (+66%)
Weighted P&L$111,828$205,860DEFAULT ★ (-46%)
ROIC (weighted)113%206%DEFAULT ★ (-45%)
DTE563192THIS (+193%)

Weighted P&L: THIS $+111,828  |  DEFAULT ★ $+205,860  |  diff $-94,031   → DEFAULT ★ pays $+94,031 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.

Jun '28 (710d) Pure 4ct Long Call $250  vs  ★ DEFAULT Jan '27 (192d) Pure 7ct Long Call $320
Dimension THIS: Jun '28 Pure 4ct DEFAULT ★: Jan '27 Pure 7ct Better
Score0.94341.63DEFAULT ★ (-42%)
Contracts47DEFAULT ★ (-43%)
IC (capital)$99,737$99,925tie
Max Loss$99,737$99,925tie
Breakeven$499.34$462.75DEFAULT ★ (+8%)
Theta/day$-52$-147THIS (+64%)
Weighted P&L$102,997$205,860DEFAULT ★ (-50%)
ROIC (weighted)103%206%DEFAULT ★ (-50%)
DTE710192THIS (+270%)

Weighted P&L: THIS $+102,997  |  DEFAULT ★ $+205,860  |  diff $-102,863   → DEFAULT ★ pays $+102,863 more under this mode's weights.

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

Dec '28 (892d) Pure 3ct Long Call $165  vs  ★ DEFAULT Jan '27 (192d) Pure 7ct Long Call $320
Dimension THIS: Dec '28 Pure 3ct DEFAULT ★: Jan '27 Pure 7ct Better
Score0.89781.63DEFAULT ★ (-45%)
Contracts37DEFAULT ★ (-57%)
IC (capital)$91,712$99,925THIS (-8%)
Max Loss$91,712$99,925THIS (-8%)
Breakeven$470.71$462.75DEFAULT ★ (+2%)
Theta/day$-22$-147THIS (+85%)
Weighted P&L$85,838$205,860DEFAULT ★ (-58%)
ROIC (weighted)94%206%DEFAULT ★ (-55%)
DTE892192THIS (+365%)

Weighted P&L: THIS $+85,838  |  DEFAULT ★ $+205,860  |  diff $-120,021   → DEFAULT ★ pays $+120,021 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: $320C / $440P / $330P (Jan '27, 192d)

LegActionStrikePriceDelta
LCBUY$320.0C$142.75+0.773
SPSELL$440.0P$103.86+0.423
HPBUY$330.0P$50.98-0.188
CtDeltaICMLBEThetaLevScoreROIC
5 +1.009/sh (+504) $44,932$99,932 $424.93 (+5%)$-129/d 4.5x1.41+448%

CC-Safe Strike

Verdict: PURE PREFERRED

Dimension Fortress Pure Winner
$320C / $440P / $330P
5 contracts · Jan '27 (192d)		 $320C
7 contracts · Jan '27 (192d)
Score1.411.63PURE (-14%)
Contracts57PURE (-29%)
IC (capital)$44,932$99,925FORT (-55%)
Max Loss$99,932$99,925TIE
Breakeven$424.93$462.75FORT (-8%)
Theta/day$-129$-147FORT (-12%)
ROIC (weighted)386%206%FORT (+87%)

Pure scores 14% higher on breakout score (sigma-weighted (5 targets at 0.5-3sigma of expected move), expiry P&L net of theta over 6-month hold). Fortress remains capital-efficient (see dimensions); see Score Breakdown below for per-target P&L.

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

sigmaMovePriceWeight Fortress 5ctPure 7ctStock 246shWinner
0.5sigma+28%$521.2415%$+55,686$+40,940$+28,272(Fort)
1sigma+57%$636.1620%$+113,149$+121,389$+56,544(Pure)
1.5sigma+85%$751.0930%$+170,613$+201,837$+84,816(Pure)
2sigma+113%$866.0225%$+228,076$+282,286$+113,088(Pure)
3sigma+170%$1,095.8710%$+343,002$+443,183$+169,631(Pure)
Weighted average P&L100% $+173,486 $+205,860 $+86,229 (Pure)

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 5ctPure 7ctStock 246sh
-5%$385.99-$10,248-$10,998-$4,998
-10%$365.68-$20,495-$21,996-$9,995
-15%$345.36-$30,743-$32,993-$14,993
-20%$325.05-$40,991-$43,991-$19,990
-30%$284.42-$61,486-$65,987-$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 5ct Jan'27Pure 7ct Jan'27Stock 246shF-P DiffWinner
-19%$325$-97,408$-96,391$-19,990$-1,017(Stock)
+0%$406$-18,622$-39,508$0$+20,886(Stock)
+25%$508$+49,012$+31,596$+24,988$+17,416(Fort)
+50%$609$+99,801$+102,701$+49,976$-2,900(Pure)
+75%$711$+150,589$+173,805$+74,964$-23,216(Pure)
+100%$813$+201,378$+244,909$+99,952$-43,531(Pure)
+200%$1,219$+404,533$+529,326$+199,905$-124,793(Pure)
Weighted—$+173,486$+205,860$+86,229$-32,374(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. 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+0.560/sh (+504)$54,788$750.88 (+85%)$-125/d520,653
Dec '27 (528d) ↳Fortress$700C/$310P/$260P8+0.524/sh (+419)$59,489$774.36 (+91%)$-76/d488,867
Jan '28 (563d) ↳Fortress$630C/$330P/$280P7+0.342/sh (+240)$63,864$721.23 (+78%)$-113/d478,944
Jun '28 (710d) ↳Fortress$600C/$240P/$195P6+0.378/sh (+227)$72,793$721.32 (+78%)$-103/d458,075
Dec '28 (892d) ↳Fortress$540C/$240P/$195P5+0.489/sh (+244)$76,848$693.70 (+71%)$-86/d446,653
●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$709.71DEFAULT ★ (+6%)
Theta/day$-125$-155THIS (+19%)
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 $700C/$310P/$260P  vs  ★ DEFAULT Jun '27 (345d) Fortress 10ct $660C/$410P/$360P
Dimension THIS: Dec '27 Fortress 8ct DEFAULT ★: Jun '27 Fortress 10ct Better
Score488,867549,799DEFAULT ★ (-11%)
Contracts810DEFAULT ★ (-20%)
IC (capital)$59,489$49,708DEFAULT ★ (+20%)
Max Loss$99,489$99,708tie
Breakeven$774.36$709.71DEFAULT ★ (+9%)
Theta/day$-76$-155THIS (+51%)
Weighted P&L$406,462$565,511DEFAULT ★ (-28%)
ROIC (weighted)683%1138%DEFAULT ★ (-40%)
DTE528345THIS (+53%)

Weighted P&L: THIS $+406,462  |  DEFAULT ★ $+565,511  |  diff $-159,049   → DEFAULT ★ pays $+159,049 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 $630C/$330P/$280P  vs  ★ DEFAULT Jun '27 (345d) Fortress 10ct $660C/$410P/$360P
Dimension THIS: Jan '28 Fortress 7ct DEFAULT ★: Jun '27 Fortress 10ct Better
Score478,944549,799DEFAULT ★ (-13%)
Contracts710DEFAULT ★ (-30%)
IC (capital)$63,864$49,708DEFAULT ★ (+28%)
Max Loss$98,864$99,708THIS (-1%)
Breakeven$721.23$709.71DEFAULT ★ (+2%)
Theta/day$-113$-155THIS (+27%)
Weighted P&L$385,635$565,511DEFAULT ★ (-32%)
ROIC (weighted)604%1138%DEFAULT ★ (-47%)
DTE563345THIS (+63%)

Weighted P&L: THIS $+385,635  |  DEFAULT ★ $+565,511  |  diff $-179,876   → DEFAULT ★ pays $+179,876 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.

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 $540C/$240P/$195P  vs  ★ DEFAULT Jun '27 (345d) Fortress 10ct $660C/$410P/$360P
Dimension THIS: Dec '28 Fortress 5ct DEFAULT ★: Jun '27 Fortress 10ct Better
Score446,653549,799DEFAULT ★ (-19%)
Contracts510DEFAULT ★ (-50%)
IC (capital)$76,848$49,708DEFAULT ★ (+55%)
Max Loss$99,348$99,708tie
Breakeven$693.70$709.71THIS (-2%)
Theta/day$-86$-155THIS (+44%)
Weighted P&L$285,716$565,511DEFAULT ★ (-49%)
ROIC (weighted)372%1138%DEFAULT ★ (-67%)
DTE892345THIS (+159%)

Weighted P&L: THIS $+285,716  |  DEFAULT ★ $+565,511  |  diff $-279,795   → DEFAULT ★ pays $+279,795 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.

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.