LEAPS Builder v6.0
UAMY $20,000 [itm] | 2026-05-05 00:28:43
UAMY @ $12.06
Sizing: $20,000 (Deep ITM Only) | Chains: Aug 2026 (108d), Nov 2026 (199d), Jan 2027 (255d), Jan 2028 (626d)
Breakout Mode: 6-month horizon, sigma-targets: +41%, +82%, +123%, +164%, +246% (IV 116%) ($20,000 ML budget)
All Candidates
| Chain | Type | Structure | Ct | Delta | IC | BE | Theta | Score |
|---|
| Aug '26 (108d) | Fortress | $10C/$12.5P/$10P | 37 | +0.610/sh (+2,258) | $10,730 | $12.90 (+7%) | $-35/d | 1.33 |
| ◆ | Nov '26 (199d) | Fortress | $10C/$12.5P/$10P | 32 | +0.659/sh (+2,109) | $12,000 | $13.75 (+14%) | $-25/d | 1.75 |
| ★ | Nov '26 (199d) | Pure | $10C | 40 | +0.749/sh (+2,996) | $20,000 | $15.00 (+24%) | $-35/d | 1.85 |
| Jan '27 (255d) | Fortress | $7.5C/$12.5P/$10P | 25 | +0.762/sh (+1,906) | $13,000 | $12.70 (+5%) | $-13/d | 1.67 |
| Jan '28 (626d) | Fortress | $7.5C/$12.5P/$5P | 17 | +0.718/sh (+1,221) | $6,630 | $11.95 (-1%) | $-3/d | 1.34 |
| ● | Now | Stock | 1,658 sh @ $12.06 | 1,658 | +1.000/sh (+1,658) | $19,995 | $12.06 (+0%) | $0/d | 1.25 |
★ = 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).
Best Fortress: $10C / $12.5P / $10P (Nov '26, 199d)
| Leg | Action | Strike | Price | Delta |
|---|
| LC | BUY | $10.0C | $5.00 | +0.749 |
| SP | SELL | $12.5P | $4.10 | -0.342 |
| HP | BUY | $10.0P | $2.85 | +0.252 |
| Ct | Delta | IC | ML | BE | Theta | Lev | Score | ROIC |
|---|
| 32 |
+0.659/sh (+2,109) |
$12,000 | $20,000 |
$13.75 (+14%) | $-25/d |
3.2x | 1.75 | +277% |
Verdict: PURE PREFERRED
| Dimension |
Fortress |
Pure |
Winner |
| Score | 1.75 | 1.85 | PURE (-5%) |
| Contracts | 32 | 40 | PURE (-20%) |
| IC (capital) | $12,000 | $20,000 | FORT (-40%) |
| Max Loss | $20,000 | $20,000 | TIE |
| Breakeven | $13.75 | $15.00 | FORT (-8%) |
| Theta/day | $-25 | $-35 | FORT (-29%) |
| ROIC@+25% | 35% | 2% | FORT (+2256%) |
Pure scores 5% 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))
| sigma | Move | Price | Weight |
Fortress 32ct | Pure 40ct | Stock 1,658sh | Winner |
|---|
| 0.5sigma | +41% | $17.00 | 15% | $+10,413 | $+8,016 | $+8,197 | (Fort) |
| 1sigma | +82% | $21.95 | 20% | $+26,233 | $+27,792 | $+16,394 | (Pure) |
| 1.5sigma | +123% | $26.89 | 30% | $+42,054 | $+47,567 | $+24,591 | (Pure) |
| 2sigma | +164% | $31.84 | 25% | $+57,874 | $+67,343 | $+32,788 | (Pure) |
| 3sigma | +246% | $41.72 | 10% | $+89,516 | $+106,895 | $+49,182 | (Pure) |
| Weighted average P&L | 100% |
$+42,845 |
$+48,556 |
$+25,001 |
(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)
| Stop | Stock at |
Fortress 32ct | Pure 40ct | Stock 1,658sh | |
|---|
| -5% | $11.46 | -$1,272 | -$1,807 | -$1,000 | |
| -10% | $10.85 | -$2,544 | -$3,614 | -$2,000 | |
| -15% | $10.25 | -$3,816 | -$5,420 | -$2,999 | |
| -20% | $9.65 | -$5,088 | -$7,227 | -$3,999 | |
| -30% | $8.44 | -$7,632 | -$10,841 | -$5,999 | |
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
| Move | Price | Fortress 32ct Nov'26 | Pure 40ct Nov'26 | Stock 1,658sh | F-P Diff | Winner |
|---|
| -19% | $10 | $-20,000 | $-20,000 | $-3,999 | $0 | (Stock) |
| +0% | $12 | $-6,816 | $-11,760 | $0 | $+4,944 | (Stock) |
| +25% | $15 | $+4,240 | $+300 | $+4,999 | $+3,940 | (Stock) |
| +50% | $18 | $+13,888 | $+12,360 | $+9,998 | $+1,528 | (Fort) |
| +75% | $21 | $+23,536 | $+24,420 | $+14,997 | $-884 | (Pure) |
| +100% | $24 | $+33,184 | $+36,480 | $+19,995 | $-3,296 | (Pure) |
| +200% | $36 | $+71,776 | $+84,720 | $+39,991 | $-12,944 | (Pure) |
LEAPS Builder v6.0 | 2026-05-05 00:28:43