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 (273d) | +$150C −$195P +$135P | 11 | +0.933/sh | +1,026 | $33,440 | $99,440 | NA | $-66/d | BE $187.70 (+4%) CC-Safe ▾ | $+198,770 | |
| Jun '27 (363d) ★ | +$105C −$195P +$125P | 11 | +1.061/sh | +1,168 | $59,950 | $136,950 ▲ | NA | $-31/d | BE $177.25 (-2%) CC-Safe ▾ | $+221,760 | |
| Dec '27 (546d) | +$100C −$190P +$105P | 11 | +1.074/sh | +1,181 | $63,360 | $156,860 ▲ | NA | $-22/d | BE $173.80 (-4%) CC-Safe ▾ | $+223,850 | |
| Jan '28 (581d) | +$110C −$195P +$100P | 11 | +1.109/sh | +1,220 | $51,150 | $155,650 ▲ | NA | $-26/d | BE $175.75 (-3%) CC-Safe ▾ | $+225,060 | |
| Jun '28 (728d) | +$95C −$195P +$120P | 11 | +1.036/sh | +1,140 | $74,470 | $156,970 ▲ | NA | $-23/d | BE $178.85 (-1%) CC-Safe ▾ | $+218,240 | |
| Dec '28 (910d) | +$80C −$195P +$100P | 11 | +1.082/sh | +1,190 | $76,560 | $181,060 ▲ | NA | $-13/d | BE $172.30 (-5%) CC-Safe ▾ | $+232,650 |
Margin = Reg-T put-spread estimate (SP−HP width × 100 × contracts). NA — outside US RTH, snapshot prices are stale. This width-only estimate undercounts net-long Bucket A synthetics: the real IBKR portfolio (TIMS) margin is materially higher because it prices the long call's directional risk. Run live in US RTH for the exact TIMS figure.
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-99,440 | -297% |
| -25% | $135.41 | $-98,986 | -296% |
| +0% | $180.55 | $-15,730 | -47% |
| +25% | $225.69 | $+49,816 | +149% |
| +50% | $270.83 | $+99,468 | +297% |
| +75% | $315.96 | $+149,119 | +446% |
| +100% | $361.10 | $+198,770 | +594% |
| +125% | $406.24 | $+248,421 | +743% |
| +150% | $451.38 | $+298,072 | +891% |
| +175% | $496.51 | $+347,724 | +1040% |
| +200% | $541.65 | $+397,375 | +1188% |
| +225% | $586.79 | $+447,026 | +1337% |
| +250% | $631.93 | $+496,678 | +1485% |
| +275% | $677.06 | $+546,329 | +1634% |
| +300% | $722.20 | $+595,980 | +1782% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-136,950 | -228% |
| -25% | $135.41 | $-92,042 | -154% |
| +0% | $180.55 | $+7,260 | +12% |
| +25% | $225.69 | $+72,806 | +121% |
| +50% | $270.83 | $+122,458 | +204% |
| +75% | $315.96 | $+172,109 | +287% |
| +100% | $361.10 | $+221,760 | +370% |
| +125% | $406.24 | $+271,411 | +453% |
| +150% | $451.38 | $+321,062 | +536% |
| +175% | $496.51 | $+370,714 | +618% |
| +200% | $541.65 | $+420,365 | +701% |
| +225% | $586.79 | $+470,016 | +784% |
| +250% | $631.93 | $+519,668 | +867% |
| +275% | $677.06 | $+569,319 | +950% |
| +300% | $722.20 | $+618,970 | +1032% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-156,860 | -248% |
| -25% | $135.41 | $-84,452 | -133% |
| +0% | $180.55 | $+14,850 | +23% |
| +25% | $225.69 | $+74,896 | +118% |
| +50% | $270.83 | $+124,548 | +197% |
| +75% | $315.96 | $+174,199 | +275% |
| +100% | $361.10 | $+223,850 | +353% |
| +125% | $406.24 | $+273,501 | +432% |
| +150% | $451.38 | $+323,152 | +510% |
| +175% | $496.51 | $+372,804 | +588% |
| +200% | $541.65 | $+422,455 | +667% |
| +225% | $586.79 | $+472,106 | +745% |
| +250% | $631.93 | $+521,758 | +823% |
| +275% | $677.06 | $+571,409 | +902% |
| +300% | $722.20 | $+621,060 | +980% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-155,650 | -304% |
| -25% | $135.41 | $-88,742 | -173% |
| +0% | $180.55 | $+10,560 | +21% |
| +25% | $225.69 | $+76,106 | +149% |
| +50% | $270.83 | $+125,758 | +246% |
| +75% | $315.96 | $+175,409 | +343% |
| +100% | $361.10 | $+225,060 | +440% |
| +125% | $406.24 | $+274,711 | +537% |
| +150% | $451.38 | $+324,362 | +634% |
| +175% | $496.51 | $+374,014 | +731% |
| +200% | $541.65 | $+423,665 | +828% |
| +225% | $586.79 | $+473,316 | +925% |
| +250% | $631.93 | $+522,968 | +1022% |
| +275% | $677.06 | $+572,619 | +1119% |
| +300% | $722.20 | $+622,270 | +1217% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-156,970 | -211% |
| -25% | $135.41 | $-95,562 | -128% |
| +0% | $180.55 | $+3,740 | +5% |
| +25% | $225.69 | $+69,286 | +93% |
| +50% | $270.83 | $+118,938 | +160% |
| +75% | $315.96 | $+168,589 | +226% |
| +100% | $361.10 | $+218,240 | +293% |
| +125% | $406.24 | $+267,891 | +360% |
| +150% | $451.38 | $+317,542 | +426% |
| +175% | $496.51 | $+367,194 | +493% |
| +200% | $541.65 | $+416,845 | +560% |
| +225% | $586.79 | $+466,496 | +626% |
| +250% | $631.93 | $+516,148 | +693% |
| +275% | $677.06 | $+565,799 | +760% |
| +300% | $722.20 | $+615,450 | +826% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-169,758 | -222% |
| -25% | $135.41 | $-81,152 | -106% |
| +0% | $180.55 | $+18,150 | +24% |
| +25% | $225.69 | $+83,696 | +109% |
| +50% | $270.83 | $+133,348 | +174% |
| +75% | $315.96 | $+182,999 | +239% |
| +100% | $361.10 | $+232,650 | +304% |
| +125% | $406.24 | $+282,301 | +369% |
| +150% | $451.38 | $+331,952 | +434% |
| +175% | $496.51 | $+381,604 | +498% |
| +200% | $541.65 | $+431,255 | +563% |
| +225% | $586.79 | $+480,906 | +628% |
| +250% | $631.93 | $+530,558 | +693% |
| +275% | $677.06 | $+580,209 | +758% |
| +300% | $722.20 | $+629,860 | +823% |
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 (273d) | +$215C −$160P +$140P | 20 | +0.609/sh | +1,219 | $59,400 | $99,400 | NA | $-171/d | BE $244.70 (+36%) CC-Safe ▾ | $+232,800 | |
| Jun '27 (363d) ★ | +$195C −$205P +$180P | 20 | +0.685/sh | +1,371 | $74,200 | $124,200 ▲ | NA | $-146/d | BE $232.10 (+29%) CC-Safe ▾ | $+258,000 | |
| Dec '27 (546d) | +$180C −$205P +$180P | 20 | +0.747/sh | +1,494 | $102,600 | $152,600 ▲ | NA | $-111/d | BE $231.30 (+28%) CC-Safe ▾ | $+259,600 | |
| Jan '28 (581d) | +$165C −$205P +$140P | 20 | +1.004/sh | +2,009 | $70,000 | $200,000 ▲ | NA | $-3/d | BE $202.50 (+12%) CC-Safe ▾ | $+322,200 | |
| Jun '28 (728d) | +$165C −$195P +$125P | 20 | +0.889/sh | +1,778 | $80,000 | $220,000 ▲ | NA | $-76/d | BE $205.00 (+14%) CC-Safe ▾ | $+312,200 | |
| Dec '28 (910d) | +$175C −$205P +$135P | 20 | +0.872/sh | +1,743 | $81,200 | $221,200 ▲ | NA | $-70/d | BE $215.60 (+19%) CC-Safe ▾ | $+291,000 |
Margin = Reg-T put-spread estimate (SP−HP width × 100 × contracts). NA — outside US RTH, snapshot prices are stale. This width-only estimate undercounts net-long Bucket A synthetics: the real IBKR portfolio (TIMS) margin is materially higher because it prices the long call's directional risk. Run live in US RTH for the exact TIMS figure.
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-99,400 | -167% |
| -25% | $135.41 | $-99,400 | -167% |
| +0% | $180.55 | $-59,400 | -100% |
| +25% | $225.69 | $-38,025 | -64% |
| +50% | $270.83 | $+52,250 | +88% |
| +75% | $315.96 | $+142,525 | +240% |
| +100% | $361.10 | $+232,800 | +392% |
| +125% | $406.24 | $+323,075 | +544% |
| +150% | $451.38 | $+413,350 | +696% |
| +175% | $496.51 | $+503,625 | +848% |
| +200% | $541.65 | $+593,900 | +1000% |
| +225% | $586.79 | $+684,175 | +1152% |
| +250% | $631.93 | $+774,450 | +1304% |
| +275% | $677.06 | $+864,725 | +1456% |
| +300% | $722.20 | $+955,000 | +1608% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-124,200 | -167% |
| -25% | $135.41 | $-124,200 | -167% |
| +0% | $180.55 | $-123,100 | -166% |
| +25% | $225.69 | $-12,825 | -17% |
| +50% | $270.83 | $+77,450 | +104% |
| +75% | $315.96 | $+167,725 | +226% |
| +100% | $361.10 | $+258,000 | +348% |
| +125% | $406.24 | $+348,275 | +469% |
| +150% | $451.38 | $+438,550 | +591% |
| +175% | $496.51 | $+528,825 | +713% |
| +200% | $541.65 | $+619,100 | +834% |
| +225% | $586.79 | $+709,375 | +956% |
| +250% | $631.93 | $+799,650 | +1078% |
| +275% | $677.06 | $+889,925 | +1199% |
| +300% | $722.20 | $+980,200 | +1321% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-152,600 | -149% |
| -25% | $135.41 | $-152,600 | -149% |
| +0% | $180.55 | $-150,400 | -147% |
| +25% | $225.69 | $-11,225 | -11% |
| +50% | $270.83 | $+79,050 | +77% |
| +75% | $315.96 | $+169,325 | +165% |
| +100% | $361.10 | $+259,600 | +253% |
| +125% | $406.24 | $+349,875 | +341% |
| +150% | $451.38 | $+440,150 | +429% |
| +175% | $496.51 | $+530,425 | +517% |
| +200% | $541.65 | $+620,700 | +605% |
| +225% | $586.79 | $+710,975 | +693% |
| +250% | $631.93 | $+801,250 | +781% |
| +275% | $677.06 | $+891,525 | +869% |
| +300% | $722.20 | $+981,800 | +957% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-200,000 | -286% |
| -25% | $135.41 | $-200,000 | -286% |
| +0% | $180.55 | $-87,800 | -125% |
| +25% | $225.69 | $+51,375 | +73% |
| +50% | $270.83 | $+141,650 | +202% |
| +75% | $315.96 | $+231,925 | +331% |
| +100% | $361.10 | $+322,200 | +460% |
| +125% | $406.24 | $+412,475 | +589% |
| +150% | $451.38 | $+502,750 | +718% |
| +175% | $496.51 | $+593,025 | +847% |
| +200% | $541.65 | $+683,300 | +976% |
| +225% | $586.79 | $+773,575 | +1105% |
| +250% | $631.93 | $+863,850 | +1234% |
| +275% | $677.06 | $+954,125 | +1363% |
| +300% | $722.20 | $+1,044,400 | +1492% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-220,000 | -275% |
| -25% | $135.41 | $-199,175 | -249% |
| +0% | $180.55 | $-77,800 | -97% |
| +25% | $225.69 | $+41,375 | +52% |
| +50% | $270.83 | $+131,650 | +165% |
| +75% | $315.96 | $+221,925 | +277% |
| +100% | $361.10 | $+312,200 | +390% |
| +125% | $406.24 | $+402,475 | +503% |
| +150% | $451.38 | $+492,750 | +616% |
| +175% | $496.51 | $+583,025 | +729% |
| +200% | $541.65 | $+673,300 | +842% |
| +225% | $586.79 | $+763,575 | +954% |
| +250% | $631.93 | $+853,850 | +1067% |
| +275% | $677.06 | $+944,125 | +1180% |
| +300% | $722.20 | $+1,034,400 | +1293% |
| Move | Stock at | P&L (expiry) | ROI on IC |
|---|---|---|---|
| -50% | $90.28 | $-221,200 | -272% |
| -25% | $135.41 | $-220,375 | -271% |
| +0% | $180.55 | $-119,000 | -147% |
| +25% | $225.69 | $+20,175 | +25% |
| +50% | $270.83 | $+110,450 | +136% |
| +75% | $315.96 | $+200,725 | +247% |
| +100% | $361.10 | $+291,000 | +358% |
| +125% | $406.24 | $+381,275 | +470% |
| +150% | $451.38 | $+471,550 | +581% |
| +175% | $496.51 | $+561,825 | +692% |
| +200% | $541.65 | $+652,100 | +803% |
| +225% | $586.79 | $+742,375 | +914% |
| +250% | $631.93 | $+832,650 | +1025% |
| +275% | $677.06 | $+922,925 | +1137% |
| +300% | $722.20 | $+1,013,200 | +1248% |