Every chain's best Fortress sized to the SAME contract count for apples-to-apples capital / max-loss / margin comparison. Change the dropdown to resize. Tick up to 2 chains in the ☑ column to compare them side by side. Structure: + = bought (long), − = sold (short). Click any BE & CC-Safe cell to open that chain's CC-Safe Strike card.
★ Score = (Weighted P&L ÷ Max Loss) × horizon-fit. Weighted P&L = expected expiry dollars across a weighted scenario basket. Moderate-bull basket (Bucket A weights): +25% carries the biggest weight, then +50% / +75%; flat and -20% count (they penalize high breakevens); +100% / +200% taper off — rewards stock-replacement structures that pay across the likely-bull range. ÷ Max Loss turns it into return-per-dollar-at-risk (capital efficiency, so a deeper/longer structure is not rewarded just for costing more). × horizon-fit peaks in the 1-2yr window (365-730 DTE) and tapers outside it, keeping the pick inside the thesis horizon. All three terms are size-invariant, so the ★ does not move when you change the contract count.
| ☑ | Chain | Structure | Ct | Delta | Sh Eqv | IC | ML | Margin | Theta | BE & CC-Safe | PnL @ +100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun '27 (345d) ★ | +$350C −$430P +$360P | 4 | +0.926/sh | +370 | $19,840 | $47,840 | $27,369 | $-38/d | BE $414.80 (+6%) CC-Safe ▾ | $+154,192 | |
| Sep '27 (437d) | +$355C −$425P +$360P | 4 | +0.880/sh | +352 | $23,900 | $49,900 | $26,786 | $-34/d | BE $419.88 (+7%) CC-Safe ▾ | $+148,132 | |
| Dec '27 (528d) | +$350C −$390P +$350P | 4 | +0.819/sh | +328 | $33,780 | $49,780 | $25,052 | $-30/d | BE $434.45 (+11%) CC-Safe ▾ | $+140,252 | |
| Jan '28 (563d) | +$360C −$420P +$370P | 4 | +0.823/sh | +329 | $29,580 | $49,580 | $26,164 | $-31/d | BE $433.95 (+11%) CC-Safe ▾ | $+140,452 | |
| Jun '28 (710d) | +$320C −$430P +$360P | 4 | +0.932/sh | +373 | $37,720 | $65,720 ▲ | $29,435 | $-25/d | BE $422.15 (+8%) CC-Safe ▾ | $+148,312 | |
| Dec '28 (892d) | +$315C −$415P +$370P | 4 | +0.880/sh | +352 | $48,500 | $66,500 ▲ | $28,441 | $-23/d | BE $436.25 (+11%) CC-Safe ▾ | $+139,532 |
Margin = real IBKR portfolio (TIMS) maintenance margin from a whatIf order on the 3-leg open combo (BUY LC / SELL SP / BUY HP), the same engine TWS shows. This is the ongoing capital held; the one-time initial requirement to open is higher. Stored at the analyzed contract count and rescaled linearly by the dropdown (TIMS has mild concentration non-linearity, so verify the exact figure in TWS before sizing). For net-long Bucket A synthetics this runs well above the old Reg-T put-spread width, which ignored the long call's directional risk.
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-47,840 | -241% |
| -25% | $294.41 | $-47,840 | -241% |
| +0% | $392.54 | $-17,808 | -90% |
| +25% | $490.68 | $+36,430 | +184% |
| +50% | $588.81 | $+75,684 | +381% |
| +75% | $686.95 | $+114,938 | +579% |
| +100% | $785.08 | $+154,192 | +777% |
| +125% | $883.22 | $+193,446 | +975% |
| +150% | $981.35 | $+232,700 | +1173% |
| +175% | $1,079.49 | $+271,954 | +1371% |
| +200% | $1,177.62 | $+311,208 | +1569% |
| +225% | $1,275.76 | $+350,462 | +1766% |
| +250% | $1,373.89 | $+389,716 | +1964% |
| +275% | $1,472.03 | $+428,970 | +2162% |
| +300% | $1,570.16 | $+468,224 | +2360% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-49,900 | -209% |
| -25% | $294.41 | $-49,900 | -209% |
| +0% | $392.54 | $-21,868 | -91% |
| +25% | $490.68 | $+30,370 | +127% |
| +50% | $588.81 | $+69,624 | +291% |
| +75% | $686.95 | $+108,878 | +456% |
| +100% | $785.08 | $+148,132 | +620% |
| +125% | $883.22 | $+187,386 | +784% |
| +150% | $981.35 | $+226,640 | +948% |
| +175% | $1,079.49 | $+265,894 | +1113% |
| +200% | $1,177.62 | $+305,148 | +1277% |
| +225% | $1,275.76 | $+344,402 | +1441% |
| +250% | $1,373.89 | $+383,656 | +1605% |
| +275% | $1,472.03 | $+422,910 | +1769% |
| +300% | $1,570.16 | $+462,164 | +1934% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-49,780 | -147% |
| -25% | $294.41 | $-49,780 | -147% |
| +0% | $392.54 | $-16,764 | -50% |
| +25% | $490.68 | $+22,490 | +67% |
| +50% | $588.81 | $+61,744 | +183% |
| +75% | $686.95 | $+100,998 | +299% |
| +100% | $785.08 | $+140,252 | +415% |
| +125% | $883.22 | $+179,506 | +531% |
| +150% | $981.35 | $+218,760 | +648% |
| +175% | $1,079.49 | $+258,014 | +764% |
| +200% | $1,177.62 | $+297,268 | +880% |
| +225% | $1,275.76 | $+336,522 | +996% |
| +250% | $1,373.89 | $+375,776 | +1112% |
| +275% | $1,472.03 | $+415,030 | +1229% |
| +300% | $1,570.16 | $+454,284 | +1345% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-49,580 | -168% |
| -25% | $294.41 | $-49,580 | -168% |
| +0% | $392.54 | $-27,548 | -93% |
| +25% | $490.68 | $+22,690 | +77% |
| +50% | $588.81 | $+61,944 | +209% |
| +75% | $686.95 | $+101,198 | +342% |
| +100% | $785.08 | $+140,452 | +475% |
| +125% | $883.22 | $+179,706 | +608% |
| +150% | $981.35 | $+218,960 | +740% |
| +175% | $1,079.49 | $+258,214 | +873% |
| +200% | $1,177.62 | $+297,468 | +1006% |
| +225% | $1,275.76 | $+336,722 | +1138% |
| +250% | $1,373.89 | $+375,976 | +1271% |
| +275% | $1,472.03 | $+415,230 | +1404% |
| +300% | $1,570.16 | $+454,484 | +1536% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-65,720 | -174% |
| -25% | $294.41 | $-65,720 | -174% |
| +0% | $392.54 | $-23,688 | -63% |
| +25% | $490.68 | $+30,550 | +81% |
| +50% | $588.81 | $+69,804 | +185% |
| +75% | $686.95 | $+109,058 | +289% |
| +100% | $785.08 | $+148,312 | +393% |
| +125% | $883.22 | $+187,566 | +497% |
| +150% | $981.35 | $+226,820 | +601% |
| +175% | $1,079.49 | $+266,074 | +705% |
| +200% | $1,177.62 | $+305,328 | +809% |
| +225% | $1,275.76 | $+344,582 | +914% |
| +250% | $1,373.89 | $+383,836 | +1018% |
| +275% | $1,472.03 | $+423,090 | +1122% |
| +300% | $1,570.16 | $+462,344 | +1226% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-66,500 | -137% |
| -25% | $294.41 | $-66,500 | -137% |
| +0% | $392.54 | $-26,468 | -55% |
| +25% | $490.68 | $+21,770 | +45% |
| +50% | $588.81 | $+61,024 | +126% |
| +75% | $686.95 | $+100,278 | +207% |
| +100% | $785.08 | $+139,532 | +288% |
| +125% | $883.22 | $+178,786 | +369% |
| +150% | $981.35 | $+218,040 | +450% |
| +175% | $1,079.49 | $+257,294 | +531% |
| +200% | $1,177.62 | $+296,548 | +611% |
| +225% | $1,275.76 | $+335,802 | +692% |
| +250% | $1,373.89 | $+375,056 | +773% |
| +275% | $1,472.03 | $+414,310 | +854% |
| +300% | $1,570.16 | $+453,564 | +935% |
Every chain's best Fortress sized to the SAME contract count for apples-to-apples capital / max-loss / margin comparison. Change the dropdown to resize. Tick up to 2 chains in the ☑ column to compare them side by side. Structure: + = bought (long), − = sold (short). Click any BE & CC-Safe cell to open that chain's CC-Safe Strike card.
★ Score = (Weighted P&L ÷ Max Loss) × horizon-fit. Weighted P&L = expected expiry dollars across a weighted scenario basket. Convexity basket (Bucket B weights): +75% and +100% carry the biggest weight, +200% tail counted, downside (-20% / flat) lightly weighted — rewards OTM structures that pay big on a strong move. ÷ Max Loss turns it into return-per-dollar-at-risk (capital efficiency, so a deeper/longer structure is not rewarded just for costing more). × horizon-fit peaks in the 1-2yr window (365-730 DTE) and tapers outside it, keeping the pick inside the thesis horizon. All three terms are size-invariant, so the ★ does not move when you change the contract count.
| ☑ | Chain | Structure | Ct | Delta | Sh Eqv | IC | ML | Margin | Theta | BE & CC-Safe | PnL @ +100% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun '27 (345d) ★ | +$550C −$450P +$410P | 14 | +0.369/sh | +517 | $-6,300 | $49,700 | $38,213 | $-114/d | BE $545.50 (+39%) CC-Safe ▾ | $+335,412 | |
| Sep '27 (437d) | +$545C −$445P +$405P | 14 | +0.411/sh | +576 | $7,420 | $63,420 ▲ | $44,473 | $-108/d | BE $550.30 (+40%) CC-Safe ▾ | $+328,692 | |
| Dec '27 (528d) | +$530C −$440P +$400P | 14 | +0.464/sh | +650 | $21,350 | $77,350 ▲ | $53,144 | $-107/d | BE $545.25 (+39%) CC-Safe ▾ | $+335,762 | |
| Jan '28 (563d) | +$565C −$450P +$410P | 14 | +0.421/sh | +590 | $13,650 | $69,650 ▲ | $48,863 | $-98/d | BE $574.75 (+46%) CC-Safe ▾ | $+294,462 | |
| Jun '28 (710d) | +$530C −$430P +$390P | 14 | +0.509/sh | +713 | $39,270 | $95,270 ▲ | $61,712 | $-99/d | BE $558.05 (+42%) CC-Safe ▾ | $+317,842 | |
| Dec '28 (892d) | +$515C −$450P +$410P | 14 | +0.568/sh | +795 | $59,710 | $115,710 ▲ | $74,123 | $-96/d | BE $557.65 (+42%) CC-Safe ▾ | $+318,402 |
Margin = real IBKR portfolio (TIMS) maintenance margin from a whatIf order on the 3-leg open combo (BUY LC / SELL SP / BUY HP), the same engine TWS shows. This is the ongoing capital held; the one-time initial requirement to open is higher. Stored at the analyzed contract count and rescaled linearly by the dropdown (TIMS has mild concentration non-linearity, so verify the exact figure in TWS before sizing). For net-long Bucket A synthetics this runs well above the old Reg-T put-spread width, which ignored the long call's directional risk.
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-49,700 | +0% |
| -25% | $294.41 | $-49,700 | +0% |
| +0% | $392.54 | $-49,700 | +0% |
| +25% | $490.68 | $+6,300 | +0% |
| +50% | $588.81 | $+60,634 | +0% |
| +75% | $686.95 | $+198,023 | +0% |
| +100% | $785.08 | $+335,412 | +0% |
| +125% | $883.22 | $+472,801 | +0% |
| +150% | $981.35 | $+610,190 | +0% |
| +175% | $1,079.49 | $+747,579 | +0% |
| +200% | $1,177.62 | $+884,968 | +0% |
| +225% | $1,275.76 | $+1,022,357 | +0% |
| +250% | $1,373.89 | $+1,159,746 | +0% |
| +275% | $1,472.03 | $+1,297,135 | +0% |
| +300% | $1,570.16 | $+1,434,524 | +0% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-63,420 | -855% |
| -25% | $294.41 | $-63,420 | -855% |
| +0% | $392.54 | $-63,420 | -855% |
| +25% | $490.68 | $-7,420 | -100% |
| +50% | $588.81 | $+53,914 | +727% |
| +75% | $686.95 | $+191,303 | +2578% |
| +100% | $785.08 | $+328,692 | +4430% |
| +125% | $883.22 | $+466,081 | +6281% |
| +150% | $981.35 | $+603,470 | +8133% |
| +175% | $1,079.49 | $+740,859 | +9985% |
| +200% | $1,177.62 | $+878,248 | +11836% |
| +225% | $1,275.76 | $+1,015,637 | +13688% |
| +250% | $1,373.89 | $+1,153,026 | +15539% |
| +275% | $1,472.03 | $+1,290,415 | +17391% |
| +300% | $1,570.16 | $+1,427,804 | +19243% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-77,350 | -362% |
| -25% | $294.41 | $-77,350 | -362% |
| +0% | $392.54 | $-77,350 | -362% |
| +25% | $490.68 | $-21,350 | -100% |
| +50% | $588.81 | $+60,984 | +286% |
| +75% | $686.95 | $+198,373 | +929% |
| +100% | $785.08 | $+335,762 | +1573% |
| +125% | $883.22 | $+473,151 | +2216% |
| +150% | $981.35 | $+610,540 | +2860% |
| +175% | $1,079.49 | $+747,929 | +3503% |
| +200% | $1,177.62 | $+885,318 | +4147% |
| +225% | $1,275.76 | $+1,022,707 | +4790% |
| +250% | $1,373.89 | $+1,160,096 | +5434% |
| +275% | $1,472.03 | $+1,297,485 | +6077% |
| +300% | $1,570.16 | $+1,434,874 | +6721% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-69,650 | -510% |
| -25% | $294.41 | $-69,650 | -510% |
| +0% | $392.54 | $-69,650 | -510% |
| +25% | $490.68 | $-13,650 | -100% |
| +50% | $588.81 | $+19,684 | +144% |
| +75% | $686.95 | $+157,073 | +1151% |
| +100% | $785.08 | $+294,462 | +2157% |
| +125% | $883.22 | $+431,851 | +3164% |
| +150% | $981.35 | $+569,240 | +4170% |
| +175% | $1,079.49 | $+706,629 | +5177% |
| +200% | $1,177.62 | $+844,018 | +6183% |
| +225% | $1,275.76 | $+981,407 | +7190% |
| +250% | $1,373.89 | $+1,118,796 | +8196% |
| +275% | $1,472.03 | $+1,256,185 | +9203% |
| +300% | $1,570.16 | $+1,393,574 | +10209% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-95,270 | -243% |
| -25% | $294.41 | $-95,270 | -243% |
| +0% | $392.54 | $-91,714 | -234% |
| +25% | $490.68 | $-39,270 | -100% |
| +50% | $588.81 | $+43,064 | +110% |
| +75% | $686.95 | $+180,453 | +460% |
| +100% | $785.08 | $+317,842 | +809% |
| +125% | $883.22 | $+455,231 | +1159% |
| +150% | $981.35 | $+592,620 | +1509% |
| +175% | $1,079.49 | $+730,009 | +1859% |
| +200% | $1,177.62 | $+867,398 | +2209% |
| +225% | $1,275.76 | $+1,004,787 | +2559% |
| +250% | $1,373.89 | $+1,142,176 | +2909% |
| +275% | $1,472.03 | $+1,279,565 | +3258% |
| +300% | $1,570.16 | $+1,416,954 | +3608% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $196.27 | $-115,710 | -194% |
| -25% | $294.41 | $-115,710 | -194% |
| +0% | $392.54 | $-115,710 | -194% |
| +25% | $490.68 | $-59,710 | -100% |
| +50% | $588.81 | $+43,624 | +73% |
| +75% | $686.95 | $+181,013 | +303% |
| +100% | $785.08 | $+318,402 | +533% |
| +125% | $883.22 | $+455,791 | +763% |
| +150% | $981.35 | $+593,180 | +993% |
| +175% | $1,079.49 | $+730,569 | +1224% |
| +200% | $1,177.62 | $+867,958 | +1454% |
| +225% | $1,275.76 | $+1,005,347 | +1684% |
| +250% | $1,373.89 | $+1,142,736 | +1914% |
| +275% | $1,472.03 | $+1,280,125 | +2144% |
| +300% | $1,570.16 | $+1,417,514 | +2374% |