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% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar '27 (275d) | +$900C −$1140P +$900P | 2 | +0.844/sh | +169 | $51,630 | $99,630 | $62,610 | $-98/d | BE $1158.15 (+11%) CC-Safe ▾ | $+186,478 | |
| Jun '27 (365d) ★ | +$460C −$1140P +$480P | 2 | +1.244/sh | +249 | $66,810 | $198,810 ▲ | $76,004 | $+4/d | BE $967.02 (-7%) CC-Safe ▾ | $+259,298 | |
| Sep '27 (457d) | +$490C −$1140P +$460P | 2 | +1.145/sh | +229 | $63,570 | $199,570 ▲ | $74,566 | $-12/d | BE $973.92 (-7%) CC-Safe ▾ | $+256,538 | |
| Dec '27 (548d) | +$480C −$1130P +$480P | 2 | +1.117/sh | +223 | $69,310 | $199,310 ▲ | $73,478 | $-14/d | BE $978.27 (-6%) CC-Safe ▾ | $+252,798 | |
| Jan '28 (583d) | +$450C −$1140P +$520P | 2 | +1.107/sh | +221 | $75,700 | $199,700 ▲ | $73,194 | $-16/d | BE $984.25 (-6%) CC-Safe ▾ | $+252,408 | |
| Jun '28 (730d) | +$420C −$1140P +$590P | 2 | +1.074/sh | +215 | $89,650 | $199,650 ▲ | $72,664 | $-18/d | BE $1004.12 (-4%) CC-Safe ▾ | $+244,458 | |
| Dec '28 (912d) | +$430C −$1120P +$580P | 2 | +1.053/sh | +211 | $91,450 | $199,450 ▲ | $71,506 | $-15/d | BE $1003.62 (-4%) CC-Safe ▾ | $+240,658 |
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% | $522.63 | $-99,630 | -193% |
| -25% | $783.95 | $-99,630 | -193% |
| +0% | $1,045.27 | $-41,522 | -80% |
| +25% | $1,306.59 | $+29,688 | +58% |
| +50% | $1,567.90 | $+81,951 | +159% |
| +75% | $1,829.22 | $+134,214 | +260% |
| +100% | $2,090.54 | $+186,478 | +361% |
| +125% | $2,351.86 | $+238,742 | +462% |
| +150% | $2,613.18 | $+291,005 | +564% |
| +175% | $2,874.49 | $+343,268 | +665% |
| +200% | $3,135.81 | $+395,532 | +766% |
| +225% | $3,397.13 | $+447,796 | +867% |
| +250% | $3,658.44 | $+500,059 | +969% |
| +275% | $3,919.76 | $+552,322 | +1070% |
| +300% | $4,181.08 | $+604,586 | +1171% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-177,756 | -266% |
| -25% | $783.95 | $-73,229 | -110% |
| +0% | $1,045.27 | $+31,298 | +47% |
| +25% | $1,306.59 | $+102,508 | +153% |
| +50% | $1,567.90 | $+154,771 | +232% |
| +75% | $1,829.22 | $+207,034 | +310% |
| +100% | $2,090.54 | $+259,298 | +388% |
| +125% | $2,351.86 | $+311,562 | +466% |
| +150% | $2,613.18 | $+363,825 | +545% |
| +175% | $2,874.49 | $+416,088 | +623% |
| +200% | $3,135.81 | $+468,352 | +701% |
| +225% | $3,397.13 | $+520,616 | +779% |
| +250% | $3,658.44 | $+572,879 | +857% |
| +275% | $3,919.76 | $+625,142 | +936% |
| +300% | $4,181.08 | $+677,406 | +1014% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-180,516 | -284% |
| -25% | $783.95 | $-75,989 | -120% |
| +0% | $1,045.27 | $+28,538 | +45% |
| +25% | $1,306.59 | $+99,748 | +157% |
| +50% | $1,567.90 | $+152,011 | +239% |
| +75% | $1,829.22 | $+204,274 | +321% |
| +100% | $2,090.54 | $+256,538 | +404% |
| +125% | $2,351.86 | $+308,802 | +486% |
| +150% | $2,613.18 | $+361,065 | +568% |
| +175% | $2,874.49 | $+413,328 | +650% |
| +200% | $3,135.81 | $+465,592 | +732% |
| +225% | $3,397.13 | $+517,856 | +815% |
| +250% | $3,658.44 | $+570,119 | +897% |
| +275% | $3,919.76 | $+622,382 | +979% |
| +300% | $4,181.08 | $+674,646 | +1061% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-182,256 | -263% |
| -25% | $783.95 | $-77,729 | -112% |
| +0% | $1,045.27 | $+26,798 | +39% |
| +25% | $1,306.59 | $+96,008 | +139% |
| +50% | $1,567.90 | $+148,271 | +214% |
| +75% | $1,829.22 | $+200,534 | +289% |
| +100% | $2,090.54 | $+252,798 | +365% |
| +125% | $2,351.86 | $+305,062 | +440% |
| +150% | $2,613.18 | $+357,325 | +516% |
| +175% | $2,874.49 | $+409,588 | +591% |
| +200% | $3,135.81 | $+461,852 | +666% |
| +225% | $3,397.13 | $+514,116 | +742% |
| +250% | $3,658.44 | $+566,379 | +817% |
| +275% | $3,919.76 | $+618,642 | +893% |
| +300% | $4,181.08 | $+670,906 | +968% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-184,646 | -244% |
| -25% | $783.95 | $-80,119 | -106% |
| +0% | $1,045.27 | $+24,408 | +32% |
| +25% | $1,306.59 | $+95,618 | +126% |
| +50% | $1,567.90 | $+147,881 | +195% |
| +75% | $1,829.22 | $+200,144 | +264% |
| +100% | $2,090.54 | $+252,408 | +333% |
| +125% | $2,351.86 | $+304,672 | +402% |
| +150% | $2,613.18 | $+356,935 | +472% |
| +175% | $2,874.49 | $+409,198 | +541% |
| +200% | $3,135.81 | $+461,462 | +610% |
| +225% | $3,397.13 | $+513,726 | +679% |
| +250% | $3,658.44 | $+565,989 | +748% |
| +275% | $3,919.76 | $+618,252 | +817% |
| +300% | $4,181.08 | $+670,516 | +886% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-179,123 | -200% |
| -25% | $783.95 | $-88,069 | -98% |
| +0% | $1,045.27 | $+16,458 | +18% |
| +25% | $1,306.59 | $+87,668 | +98% |
| +50% | $1,567.90 | $+139,931 | +156% |
| +75% | $1,829.22 | $+192,194 | +214% |
| +100% | $2,090.54 | $+244,458 | +273% |
| +125% | $2,351.86 | $+296,722 | +331% |
| +150% | $2,613.18 | $+348,985 | +389% |
| +175% | $2,874.49 | $+401,248 | +448% |
| +200% | $3,135.81 | $+453,512 | +506% |
| +225% | $3,397.13 | $+505,776 | +564% |
| +250% | $3,658.44 | $+558,039 | +622% |
| +275% | $3,919.76 | $+610,302 | +681% |
| +300% | $4,181.08 | $+662,566 | +739% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-180,923 | -198% |
| -25% | $783.95 | $-87,869 | -96% |
| +0% | $1,045.27 | $+16,658 | +18% |
| +25% | $1,306.59 | $+83,868 | +92% |
| +50% | $1,567.90 | $+136,131 | +149% |
| +75% | $1,829.22 | $+188,394 | +206% |
| +100% | $2,090.54 | $+240,658 | +263% |
| +125% | $2,351.86 | $+292,922 | +320% |
| +150% | $2,613.18 | $+345,185 | +377% |
| +175% | $2,874.49 | $+397,448 | +435% |
| +200% | $3,135.81 | $+449,712 | +492% |
| +225% | $3,397.13 | $+501,976 | +549% |
| +250% | $3,658.44 | $+554,239 | +606% |
| +275% | $3,919.76 | $+606,502 | +663% |
| +300% | $4,181.08 | $+658,766 | +720% |
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% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar '27 (275d) | +$950C −$1200P +$900P | 2 | +0.847/sh | +169 | $39,320 | $99,320 | $63,514 | $-101/d | BE $1173.30 (+12%) CC-Safe ▾ | $+188,788 | |
| Jun '27 (365d) ★ | +$960C −$1160P +$950P | 2 | +0.806/sh | +161 | $57,770 | $99,770 | $62,714 | $-88/d | BE $1248.85 (+19%) CC-Safe ▾ | $+168,338 | |
| Sep '27 (457d) | +$1000C −$1180P +$1050P | 2 | +0.771/sh | +154 | $73,920 | $99,920 | $62,098 | $-81/d | BE $1369.60 (+31%) CC-Safe ▾ | $+144,188 | |
| Dec '27 (548d) | +$950C −$1200P +$230P | 2 | +1.060/sh | +212 | $4,800 | $198,800 ▲ | $68,712 | $-23/d | BE $1087.00 (+4%) CC-Safe ▾ | $+223,308 | |
| Jan '28 (583d) | +$950C −$1200P +$230P | 2 | +1.054/sh | +211 | $5,410 | $199,410 ▲ | $68,756 | $-22/d | BE $1088.53 (+4%) CC-Safe ▾ | $+222,698 | |
| Jun '28 (730d) | +$950C −$1200P +$270P | 2 | +1.037/sh | +207 | $13,190 | $199,190 ▲ | $69,480 | $-26/d | BE $1107.97 (+6%) CC-Safe ▾ | $+214,918 | |
| Dec '28 (912d) | +$950C −$1200P +$300P | 2 | +1.022/sh | +204 | $19,080 | $199,080 ▲ | $70,128 | $-25/d | BE $1122.70 (+7%) CC-Safe ▾ | $+209,028 |
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% | $522.63 | $-99,320 | -253% |
| -25% | $783.95 | $-99,320 | -253% |
| +0% | $1,045.27 | $-51,212 | -130% |
| +25% | $1,306.59 | $+31,998 | +81% |
| +50% | $1,567.90 | $+84,261 | +214% |
| +75% | $1,829.22 | $+136,524 | +347% |
| +100% | $2,090.54 | $+188,788 | +480% |
| +125% | $2,351.86 | $+241,052 | +613% |
| +150% | $2,613.18 | $+293,315 | +746% |
| +175% | $2,874.49 | $+345,578 | +879% |
| +200% | $3,135.81 | $+397,842 | +1012% |
| +225% | $3,397.13 | $+450,106 | +1145% |
| +250% | $3,658.44 | $+502,369 | +1278% |
| +275% | $3,919.76 | $+554,632 | +1411% |
| +300% | $4,181.08 | $+606,896 | +1543% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-99,770 | -173% |
| -25% | $783.95 | $-99,770 | -173% |
| +0% | $1,045.27 | $-63,662 | -110% |
| +25% | $1,306.59 | $+11,548 | +20% |
| +50% | $1,567.90 | $+63,811 | +110% |
| +75% | $1,829.22 | $+116,074 | +201% |
| +100% | $2,090.54 | $+168,338 | +291% |
| +125% | $2,351.86 | $+220,602 | +382% |
| +150% | $2,613.18 | $+272,865 | +472% |
| +175% | $2,874.49 | $+325,128 | +563% |
| +200% | $3,135.81 | $+377,392 | +653% |
| +225% | $3,397.13 | $+429,656 | +744% |
| +250% | $3,658.44 | $+481,919 | +834% |
| +275% | $3,919.76 | $+534,182 | +925% |
| +300% | $4,181.08 | $+586,446 | +1015% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-99,920 | -135% |
| -25% | $783.95 | $-99,920 | -135% |
| +0% | $1,045.27 | $-90,866 | -123% |
| +25% | $1,306.59 | $-12,602 | -17% |
| +50% | $1,567.90 | $+39,661 | +54% |
| +75% | $1,829.22 | $+91,924 | +124% |
| +100% | $2,090.54 | $+144,188 | +195% |
| +125% | $2,351.86 | $+196,452 | +266% |
| +150% | $2,613.18 | $+248,715 | +336% |
| +175% | $2,874.49 | $+300,978 | +407% |
| +200% | $3,135.81 | $+353,242 | +478% |
| +225% | $3,397.13 | $+405,506 | +549% |
| +250% | $3,658.44 | $+457,769 | +619% |
| +275% | $3,919.76 | $+510,032 | +690% |
| +300% | $4,181.08 | $+562,296 | +761% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-140,273 | -2922% |
| -25% | $783.95 | $-88,010 | -1834% |
| +0% | $1,045.27 | $-16,692 | -348% |
| +25% | $1,306.59 | $+66,518 | +1386% |
| +50% | $1,567.90 | $+118,781 | +2475% |
| +75% | $1,829.22 | $+171,044 | +3563% |
| +100% | $2,090.54 | $+223,308 | +4652% |
| +125% | $2,351.86 | $+275,572 | +5741% |
| +150% | $2,613.18 | $+327,835 | +6830% |
| +175% | $2,874.49 | $+380,098 | +7919% |
| +200% | $3,135.81 | $+432,362 | +9008% |
| +225% | $3,397.13 | $+484,626 | +10096% |
| +250% | $3,658.44 | $+536,889 | +11185% |
| +275% | $3,919.76 | $+589,152 | +12274% |
| +300% | $4,181.08 | $+641,416 | +13363% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-140,883 | -2604% |
| -25% | $783.95 | $-88,620 | -1638% |
| +0% | $1,045.27 | $-17,302 | -320% |
| +25% | $1,306.59 | $+65,908 | +1218% |
| +50% | $1,567.90 | $+118,171 | +2184% |
| +75% | $1,829.22 | $+170,434 | +3150% |
| +100% | $2,090.54 | $+222,698 | +4116% |
| +125% | $2,351.86 | $+274,962 | +5082% |
| +150% | $2,613.18 | $+327,225 | +6049% |
| +175% | $2,874.49 | $+379,488 | +7015% |
| +200% | $3,135.81 | $+431,752 | +7981% |
| +225% | $3,397.13 | $+484,016 | +8947% |
| +250% | $3,658.44 | $+536,279 | +9913% |
| +275% | $3,919.76 | $+588,542 | +10879% |
| +300% | $4,181.08 | $+640,806 | +11845% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-148,663 | -1127% |
| -25% | $783.95 | $-96,400 | -731% |
| +0% | $1,045.27 | $-25,082 | -190% |
| +25% | $1,306.59 | $+58,128 | +441% |
| +50% | $1,567.90 | $+110,391 | +837% |
| +75% | $1,829.22 | $+162,654 | +1233% |
| +100% | $2,090.54 | $+214,918 | +1629% |
| +125% | $2,351.86 | $+267,182 | +2026% |
| +150% | $2,613.18 | $+319,445 | +2422% |
| +175% | $2,874.49 | $+371,708 | +2818% |
| +200% | $3,135.81 | $+423,972 | +3214% |
| +225% | $3,397.13 | $+476,236 | +3611% |
| +250% | $3,658.44 | $+528,499 | +4007% |
| +275% | $3,919.76 | $+580,762 | +4403% |
| +300% | $4,181.08 | $+633,026 | +4799% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $522.63 | $-154,553 | -810% |
| -25% | $783.95 | $-102,290 | -536% |
| +0% | $1,045.27 | $-30,972 | -162% |
| +25% | $1,306.59 | $+52,238 | +274% |
| +50% | $1,567.90 | $+104,501 | +548% |
| +75% | $1,829.22 | $+156,764 | +822% |
| +100% | $2,090.54 | $+209,028 | +1096% |
| +125% | $2,351.86 | $+261,292 | +1369% |
| +150% | $2,613.18 | $+313,555 | +1643% |
| +175% | $2,874.49 | $+365,818 | +1917% |
| +200% | $3,135.81 | $+418,082 | +2191% |
| +225% | $3,397.13 | $+470,346 | +2465% |
| +250% | $3,658.44 | $+522,609 | +2739% |
| +275% | $3,919.76 | $+574,872 | +3013% |
| +300% | $4,181.08 | $+627,136 | +3287% |