REASONCC $630.00 is 4.9% ITM with 18d left (49% time value). roll credit only $-6.75/sh (-1.02%, below 0.3%); sigma 0.09σ < 0.5σ (54% survival, need ≥65%). Buyback costs $18,330 — let theta work. If CC expires worthless: sell fresh CC at a higher strike. If assigned: rebuild the fortress at current levels. Stock flat P/L: $13,667. Hold-to-expiry: stock flat $13,667.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$480.00
Jan 21 '28
557d
$264.50
0.84
-0.117
$181.00
$83.50
32% extr delta 0.84
SP
$650.00
Jan 21 '28
557d
$115.47
0.35
-0.090
$0.00
$115.47
ALIVE 1.7% OTM
HP
$330.00
Oct 16 '26
95d
$0.53
0.01
-0.019
$0.00
$0.53
DEAD floor 50%
CC
$630.00
Jul 31 '26
18d
$61.10
0.69
-0.838
$31.00
$30.10
ITM +4.9% ITM · -0.29σ (39%) · close $18,330
✗ NO VIABLE ROLL: credit -1.02% < 0.3% min; σ 0.09 < 0.5 min (54% surv, need 65%)
ROLL CANDIDATES EVALUATED — none met thresholds
Current CC: $630.00 ·
Jul 31 '26
#
STRIKE
EXPIRY
DTE
CREDIT/SH
TOTAL
HEADROOM
SIGMA
SURV%
DELTA
CAP GAIN
E[P/L]
P/L @ CAP
1
$670.0
Aug 07 '26
25d
$-17.75
$-5,325
+1.4%
0.17σ
57%
0.54
$7,147
$19,019
$20,813
2
$660.0
Aug 14 '26
32d
$-9.40
$-2,820
-0.2%
0.08σ
53%
0.52
$6,480
$20,147
$20,147
3
$670.0
Aug 14 '26
32d
$-14.12
$-4,238
+1.4%
0.17σ
57%
0.46
$8,234
$20,107
$21,901
4
$675.0
Aug 14 '26
32d
$-17.23
$-5,168
+2.1%
0.21σ
58%
0.42
$9,067
$19,862
$22,733
5
$660.0
Aug 21 '26
39d
$-6.75
$-2,025
-0.2%
0.09σ
54%
0.53
$7,275
$20,942
$20,942
6
$665.0
Aug 21 '26
39d
$-9.38
$-2,812
+0.6%
0.13σ
55%
0.50
$7,897
$20,786
$21,564
7
$670.0
Aug 21 '26
39d
$-11.55
$-3,465
+1.4%
0.16σ
57%
0.54
$9,007
$20,880
$22,673
8
$675.0
Aug 21 '26
39d
$-13.77
$-4,132
+2.1%
0.21σ
58%
0.53
$10,102
$20,896
$23,768
9
$680.0
Aug 21 '26
39d
$-15.98
$-4,792
+2.9%
0.24σ
60%
0.41
$11,204
$20,882
$24,870
10
$685.0
Aug 21 '26
39d
$-18.02
$-5,408
+3.6%
0.29σ
61%
0.50
$12,351
$20,820
$26,017
1
$780.0
Aug 07 '26
25d
$-48.92
$-14,677
+18.0%
1.13σ
87%
0.21
$36,562
$13,749
$50,228
2
$775.0
Aug 07 '26
25d
$-48.08
$-14,423
+17.2%
1.09σ
86%
0.22
$35,054
$14,100
$48,721
3
$770.0
Aug 07 '26
25d
$-47.38
$-14,212
+16.5%
1.05σ
85%
0.23
$33,502
$14,397
$47,169
4
$765.0
Aug 07 '26
25d
$-46.50
$-13,950
+15.7%
1.01σ
84%
0.24
$32,003
$14,734
$45,669
5
$760.0
Aug 07 '26
25d
$-45.60
$-13,680
+15.0%
0.97σ
83%
0.25
$30,510
$15,064
$44,177
6
$800.0
Aug 21 '26
39d
$-47.53
$-14,258
+21.0%
1.14σ
87%
0.21
$44,030
$14,979
$57,697
7
$795.0
Aug 21 '26
39d
$-46.95
$-14,085
+20.3%
1.10σ
87%
0.21
$42,440
$15,252
$56,107
8
$790.0
Aug 21 '26
39d
$-46.17
$-13,852
+19.5%
1.07σ
86%
0.22
$40,911
$15,574
$54,577
9
$785.0
Aug 21 '26
39d
$-45.30
$-13,590
+18.8%
1.04σ
85%
0.23
$39,411
$15,919
$53,078
10
$780.0
Aug 21 '26
39d
$-44.50
$-13,350
+18.0%
1.00σ
84%
0.24
$37,889
$16,226
$51,556
1
$670.0
Aug 07 '26
25d
$-17.75
$-5,325
+1.4%
0.17σ
57%
0.54
$7,147
$19,019
$20,813
2
$675.0
Aug 07 '26
25d
$-20.00
$-6,000
+2.1%
0.21σ
58%
0.52
$8,234
$19,014
$21,901
3
$680.0
Aug 07 '26
25d
$-22.10
$-6,630
+2.9%
0.26σ
60%
0.50
$9,366
$18,989
$23,033
4
$685.0
Aug 07 '26
25d
$-24.20
$-7,260
+3.6%
0.31σ
62%
0.48
$10,498
$18,900
$24,165
5
$690.0
Aug 07 '26
25d
$-26.12
$-7,838
+4.4%
0.36σ
64%
0.46
$11,683
$18,803
$25,349
6
$695.0
Aug 07 '26
25d
$-27.80
$-8,340
+5.1%
0.41σ
66%
0.44
$12,943
$18,725
$26,609
7
$700.0
Aug 07 '26
25d
$-29.85
$-8,955
+5.9%
0.45σ
68%
0.43
$14,090
$18,477
$27,756
8
$705.0
Aug 07 '26
25d
$-31.50
$-9,450
+6.7%
0.50σ
69%
0.41
$15,357
$18,300
$29,023
9
$710.0
Aug 07 '26
25d
$-33.10
$-9,930
+7.4%
0.55σ
71%
0.39
$16,639
$18,089
$30,306
10
$715.0
Aug 07 '26
25d
$-34.50
$-10,350
+8.2%
0.59σ
72%
0.38
$17,981
$17,892
$31,648
✓ SKIP
NVDA · 5c · Neville:0865
MARKET
STOCK$210.96entry ~$202.00 · +4.4%
CURRENT CC$225Jul 24 '26 · 11d
CC STATUSOTM -6.2%1.05σ · 85% surv · T:30%
STRUCTURE
BE SAFE STRIKE$199.60+5.4% vs spot
CC-SAFE STRIKE$203.36-3.6% vs spot
NET DEBIT *$59.60
CAP LOCKED *$29,800
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$4,267
CC BUYBACK-$802.50
CLOSE P/L$3,465
SCENARIOS
STOCK FLAT$4,267
STOCK @ $225$12,060
Δ ABOVE CAP / PT$55/pt+0.11δ/sh
CC INC/MO$2,189
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
+$3,465
+$3,465
+$3,465
— / —
lock it in today, capital freed
✓ HOLD CC
+$4,267
+$12,060
+$5,415
85% / 30%
ride to Jul 24 '26 (11d)
UNCAP
+$3,465
—
—
— / —
buy back CC $802.50, upside open (Δ ≈ +555 $/pt)
REASONCC $225.00 is 6.2% OTM. Safe. Earning $1.60/sh time value. Normal operations. Hold-to-expiry: stock flat $4,267 · at cap $12,060.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$140.00
Jan 21 '28
557d
$89.45
0.87
-0.034
$70.96
$18.49
21% extr delta 0.87
SP
$175.00
Jan 21 '28
557d
$21.45
0.24
-0.025
$0.00
$21.45
DEAD 20.5% OTM
HP
$70.00
Oct 16 '26
95d
$0.14
0.00
-0.004
$0.00
$0.14
DEAD floor 33%
CC
$225.00
Jul 24 '26
11d
$1.60
0.20
-0.158
$0.00
$1.60
OTM 6.2% OTM · 1.05σ (85%) · close $802.50
✓ SKIP
SPY · 12c · Neville:0865
LEAPS-ONLY
MARKET
STOCK$754.95entry ~$695.00 · +8.6%
CURRENT CC$760Jul 15 '26 · 2d
CC STATUSOTM -0.7%1.15σ · 88% surv · T:25%
STRUCTURE
BE SAFE STRIKE$764.00-1.2% vs spot
CC-SAFE STRIKE$691.73-8.4% vs spot
NET DEBIT *$124.00
CAP LOCKED *$148,800
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$59,736
CC BUYBACK-$1,236
CLOSE P/L$58,500
SCENARIOS
STOCK FLAT$59,736
STOCK @ $760$64,674
Δ ABOVE CAP / PT$0/ptsynth Δ 0.81
CC INC/MO$18,540
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
+$58,500
+$58,500
+$58,500
— / —
lock it in today, capital freed
✓ HOLD CC
+$59,736
+$64,674
+$60,352
88% / 25%
ride to Jul 15 '26 (2d)
UNCAP
+$58,500
—
—
— / —
buy back CC $1,236, upside open (Δ ≈ +978 $/pt)
REASONCC $760.00 is 0.7% OTM with 2d left. Expiring worthless. Touch odds 25% before expiry. Next round: sell ~$780.00 CC (~3.40/sh ≈ $4,080 for 12 ct). Confirm strike/premium in TWS.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$640.00
Jan 21 '28
557d
$173.78
0.81
-0.101
$114.95
$58.83
34% extr delta 0.81
SP
none · LEAPS-only structure
HP
none · LEAPS-only structure
CC
$760.00
Jul 15 '26
2d
$1.03
0.24
-0.228
$0.00
$1.03
OTM 0.7% OTM · 1.15σ (88%) · close $1,236
✓ SKIP
SOFI · 35c · RetireInc:7291
MARKET
STOCK$18.78entry ~$16.00 · +17.4%
CURRENT CC$23.00Jul 31 '26 · 18d
CC STATUSOTM -18.3%1.37σ · 91% surv · T:18%
STRUCTURE
BE SAFE STRIKE$15.75+16.1% vs spot
CC-SAFE STRIKE$16.32-13.1% vs spot
NET DEBIT *$5.75
CAP LOCKED *$20,125
LC DTE704d
P&L
FORTRESS P/L (EX-CC)$9,219
CC BUYBACK-$700.00
CLOSE P/L$8,519
SCENARIOS
STOCK FLAT$9,219
STOCK @ $23.00$25,074
Δ ABOVE CAP / PT$257/pt+0.07δ/sh
CC INC/MO$1,167
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
+$8,519
+$8,519
+$8,519
— / —
lock it in today, capital freed
✓ HOLD CC
+$9,219
+$25,074
+$10,577
91% / 18%
ride to Jul 31 '26 (18d)
UNCAP
+$8,519
—
—
— / —
buy back CC $700.00, upside open (Δ ≈ +3757 $/pt)
REASONCC $23.00 is 18.3% OTM. Safe. Earning $0.20/sh time value. Normal operations. Hold-to-expiry: stock flat $9,219 · at cap $25,074.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$10.00
Jun 16 '28
704d
$11.27
0.90
-0.003
$8.78
$2.49
22% extr delta 0.90
SP
$13.00
Jun 16 '28
704d
$2.91
0.18
-0.003
$0.00
$2.91
DEAD 44.5% OTM
HP
$5.00
Sep 18 '26
67d
$0.02
0.00
-0.000
$0.00
$0.02
DEAD floor 27% ⚠ SYNTH
CC
$23.00
Jul 31 '26
18d
$0.20
0.14
-0.017
$0.00
$0.20
OTM 18.3% OTM · 1.37σ (91%) · close $700.00
✓ SKIP
IGV · 12c · Main:1299
LEAPS-ONLY
MARKET
STOCK$92.31entry ~$85.00 · +8.6%
CURRENT CC$100Jul 24 '26 · 11d
CC STATUSOTM -7.7%1.38σ · 92% surv · T:17%
STRUCTURE
BE SAFE STRIKE$96.50-4.5% vs spot
CC-SAFE STRIKE$86.05-6.8% vs spot
NET DEBIT *$26.50
CAP LOCKED *$31,800
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$6,300
CC BUYBACK-$420.00
CLOSE P/L$5,880
SCENARIOS
STOCK FLAT$6,300
STOCK @ $100$13,967
Δ ABOVE CAP / PT$0/ptsynth Δ 0.83
CC INC/MO$1,145
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
+$5,880
+$5,880
+$5,880
— / —
lock it in today, capital freed
✓ HOLD CC
+$6,300
+$13,967
+$6,943
92% / 17%
ride to Jul 24 '26 (11d)
UNCAP
+$5,880
—
—
— / —
buy back CC $420.00, upside open (Δ ≈ +997 $/pt)
REASONCC $100.00 is 7.7% OTM. Safe. Earning $0.35/sh time value. Normal operations. Hold-to-expiry: stock flat $6,300 · at cap $13,967.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$70.00
Jan 21 '28
557d
$31.75
0.83
-0.015
$22.31
$9.44
30% extr delta 0.83
SP
none · LEAPS-only structure
HP
none · LEAPS-only structure
CC
$100.00
Jul 24 '26
11d
$0.35
0.13
-0.049
$0.00
$0.35
OTM 7.7% OTM · 1.38σ (92%) · close $420.00
✓ SKIP
ENPH · 10c · RetireInc:7291
MARKET
STOCK$44.03entry ~$59.00 · -25.4%
CURRENT CC$50.00Jul 17 '26 · 4d
CC STATUSOTM -11.9%1.50σ · 93% surv · T:14%
STRUCTURE
BE SAFE STRIKE$56.15-27.5% vs spot
CC-SAFE STRIKE$57.74+31.1% vs spot
NET DEBIT *$7.30
CAP LOCKED *$7,300
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-14,805
CC BUYBACK-$510.00
CLOSE P/L$-15,315
SCENARIOS
STOCK FLAT$-14,805
STOCK @ $50.00$-8,247
Δ ABOVE CAP / PT$99/pt+0.10δ/sh
CC INC/MO$3,825
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$15,315
−$15,315
−$15,315
— / —
lock it in today, capital freed
✓ HOLD CC
−$14,805
−$8,247
−$14,368
93% / 14%
ride to Jul 17 '26 (4d)
UNCAP
−$15,315
—
—
— / —
buy back CC $510.00, upside open (Δ ≈ +1099 $/pt)
REASONCC $50.00 is 11.9% OTM. Safe. Earning $0.51/sh time value. Normal operations. Hold-to-expiry: stock flat $-14,805 · at cap $-8,247. Next round in 4d: sell ~$45.50 (~0.20/sh).
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$45.00
Jan 21 '28
557d
$19.43
0.72
-0.016
$0.00
$19.43
100% extr delta 0.72
SP
$60.00
Jan 21 '28
557d
$27.10
0.40
-0.013
$15.97
$11.13
ITM 26.6% ITM
HP
$20.00
Sep 18 '26
67d
$0.17
0.02
-0.006
$0.00
$0.17
DEAD floor 45%
CC
$50.00
Jul 17 '26
4d
$0.51
0.19
-0.109
$0.00
$0.51
OTM 11.9% OTM · 1.50σ (93%) · close $510.00
✓ SKIP
MDB · 1c · Neville:0865
MARKET
STOCK$343.23entry ~$380.00 · -9.7%
CURRENT CC$410Jul 24 '26 · 11d
CC STATUSOTM -16.3%1.56σ · 94% surv · T:12%
STRUCTURE
BE SAFE STRIKE$362.90-5.7% vs spot
CC-SAFE STRIKE$380.27+10.8% vs spot
NET DEBIT *$92.90
CAP LOCKED *$9,290
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-3,952
CC BUYBACK-$205.50
CLOSE P/L$-4,157
SCENARIOS
STOCK FLAT$-3,952
STOCK @ $410$3,334
Δ ABOVE CAP / PT$9/pt+0.09δ/sh
CC INC/MO$560.45
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$4,157
−$4,157
−$4,157
— / —
lock it in today, capital freed
✓ HOLD CC
−$3,952
+$3,334
−$3,522
94% / 12%
ride to Jul 24 '26 (11d)
UNCAP
−$4,157
—
—
— / —
buy back CC $205.50, upside open (Δ ≈ +109 $/pt)
REASONCC $410.00 is 16.3% OTM. Safe. Earning $2.06/sh time value. Normal operations. Hold-to-expiry: stock flat $-3,952 · at cap $3,334.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$270.00
Jan 21 '28
557d
$149.00
0.78
-0.090
$73.23
$75.77
51% extr delta 0.78
SP
$340.00
Jan 21 '28
557d
$100.18
0.32
-0.074
$0.00
$100.18
ALIVE 1.0% OTM
HP
$150.00
Sep 18 '26
67d
$4.56
0.01
-0.027
$0.00
$4.56
DEAD floor 44% ⚠ SYNTH
CC
$410.00
Jul 24 '26
11d
$2.06
0.10
-0.296
$0.00
$2.06
OTM 16.3% OTM · 1.56σ (94%) · close $205.50
✓ SKIP
COPX · 20c · Joint:1782
MARKET
STOCK$75.54entry ~$93.00 · -18.8%
CURRENT CC$81.50Jul 17 '26 · 4d
CC STATUSOTM -7.3%1.57σ · 94% surv · T:12%
STRUCTURE
BE SAFE STRIKE$93.40-23.6% vs spot
CC-SAFE STRIKE$93.26+23.5% vs spot
NET DEBIT *$28.40
CAP LOCKED *$56,800
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-33,600
CC BUYBACK-$650.00
CLOSE P/L$-34,250
SCENARIOS
STOCK FLAT$-33,600
STOCK @ $81.50$-22,608
Δ ABOVE CAP / PT$0/ptsynth Δ 0.92
CC INC/MO$4,875
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$34,250
−$34,250
−$34,250
— / —
lock it in today, capital freed
✓ HOLD CC
−$33,600
−$22,608
−$32,966
94% / 12%
ride to Jul 17 '26 (4d)
UNCAP
−$34,250
—
—
— / —
buy back CC $650.00, upside open (Δ ≈ +1844 $/pt)
REASONCC $81.50 is 7.3% OTM. Safe. Earning $0.33/sh time value. Normal operations. Hold-to-expiry: stock flat $-33,600 · at cap $-22,608. Next round in 4d: sell ~$78.00 (~0.34/sh).
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$65.00
Jan 21 '28
557d
$24.50
0.75
-0.016
$10.54
$13.96
57% extr delta 0.75
SP
$90.00
Jan 21 '28
557d
$24.45
0.46
-0.012
$14.46
$9.99
ITM 16.1% ITM
HP
$68.00
Jan 21 '28
557d
$11.55
0.29
-0.011
$0.00
$11.55
ACTIVE floor 90%
CC
$81.50
Jul 17 '26
4d
$0.33
0.17
-0.090
$0.00
$0.33
OTM 7.3% OTM · 1.57σ (94%) · close $650.00
✓ SKIP
NEM · 5c · Main:1299
⚠ BSM FALLBACK: LC, SP
IBKR did not return modelGreeks for these legs after retries. Delta + IV computed locally via Black-Scholes using a sibling leg's IV. PnL math (synth Δ, ride_cap_pl, f_gain) is approximate — reliable to within a few percent for most positions but less accurate than IBKR-supplied values.
MARKET
STOCK$93.39entry ~$117.00 · -20.2%
CURRENT CC$100Jul 17 '26 · 4d
CC STATUSOTM -6.6%1.58σ · 94% surv · T:12%
STRUCTURE
BE SAFE STRIKE$114.54-22.6% vs spot
CC-SAFE STRIKE$116.32+24.6% vs spot
NET DEBIT *$27.04
CAP LOCKED *$13,520
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-12,285
CC BUYBACK-$337.50
CLOSE P/L$-12,622
SCENARIOS
STOCK FLAT$-12,285
STOCK @ $100$-8,863
Δ ABOVE CAP / PT$18/pt+0.04δ/sh
CC INC/MO$2,531
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$12,622
−$12,622
−$12,622
— / —
lock it in today, capital freed
✓ HOLD CC
−$12,285
−$8,863
−$12,089
94% / 12%
ride to Jul 17 '26 (4d)
UNCAP
−$12,622
—
—
— / —
buy back CC $337.50, upside open (Δ ≈ +518 $/pt)
REASONCC $100.00 is 6.6% OTM. Safe. Earning $0.68/sh time value. Normal operations. Hold-to-expiry: stock flat $-12,285 · at cap $-8,863. Next round in 4d: sell ~$96.00 (~0.42/sh).
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$87.50
Jan 21 '28
557d
$25.65
0.65 Ⓑ
+0.000
$5.89
$19.76
77% extr delta 0.65
SP
$105.00
Jan 21 '28
557d
$24.17
0.49 Ⓑ
+0.000
$11.61
$12.56
ITM 11.1% ITM
HP
$75.00
Sep 18 '26
67d
$0.99
0.10
-0.025
$0.00
$0.99
ACTIVE floor 80%
CC
$100.00
Jul 17 '26
4d
$0.68
0.22
-0.115
$0.00
$0.68
OTM 6.6% OTM · 1.58σ (94%) · close $337.50
✓ SKIP
DELL · 3c · RetireInc:7291
MARKET
STOCK$424.70entry ~$408.00 · +4.1%
CURRENT CC$480Jul 17 '26 · 4d
CC STATUSOTM -11.5%1.59σ · 94% surv · T:11%
STRUCTURE
BE SAFE STRIKE$398.00+6.3% vs spot
CC-SAFE STRIKE$398.41-6.2% vs spot
NET DEBIT *$58.00
CAP LOCKED *$17,400
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$8,244
CC BUYBACK-$1,395
CLOSE P/L$6,849
SCENARIOS
STOCK FLAT$8,244
STOCK @ $480$25,581
Δ ABOVE CAP / PT$14/pt+0.05δ/sh
CC INC/MO$10,462
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
+$6,849
+$6,849
+$6,849
— / —
lock it in today, capital freed
✓ HOLD CC
+$8,244
+$25,581
+$9,220
94% / 11%
ride to Jul 17 '26 (4d)
UNCAP
+$6,849
—
—
— / —
buy back CC $1,395, upside open (Δ ≈ +314 $/pt)
REASONCC $480.00 is 11.5% OTM. Safe. Earning $4.65/sh time value. Normal operations. Hold-to-expiry: stock flat $8,244 · at cap $25,581. Next round in 4d: sell ~$435.00 (~1.91/sh).
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$340.00
Jan 21 '28
557d
$204.25
0.79
-0.126
$84.70
$119.55
59% extr delta 0.79
SP
$390.00
Jan 21 '28
557d
$119.55
0.26
-0.098
$0.00
$119.55
ALIVE 8.9% OTM
HP
$150.00
Oct 16 '26
95d
$0.78
0.01
-0.020
$0.00
$0.78
DEAD floor 35%
CC
$480.00
Jul 17 '26
4d
$4.65
0.19
-0.917
$0.00
$4.65
OTM 11.5% OTM · 1.59σ (94%) · close $1,395
✓ SKIP
CRWV · 5c · Neville:0865
MARKET
STOCK$85.87entry ~$128.00 · -32.9%
CURRENT CC$100Jul 17 '26 · 4d
CC STATUSOTM -14.1%1.82σ · 97% surv · T:7%
STRUCTURE
BE SAFE STRIKE$125.45-46.1% vs spot
CC-SAFE STRIKE$125.53+46.2% vs spot
NET DEBIT *$20.45
CAP LOCKED *$10,225
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-20,455
CC BUYBACK-$422.50
CLOSE P/L$-20,878
SCENARIOS
STOCK FLAT$-20,455
STOCK @ $100$-13,079
Δ ABOVE CAP / PT$22/pt+0.04δ/sh
CC INC/MO$3,169
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$20,878
−$20,878
−$20,878
— / —
lock it in today, capital freed
✓ HOLD CC
−$20,455
−$13,079
−$20,201
97% / 7%
ride to Jul 17 '26 (4d)
UNCAP
−$20,878
—
—
— / —
buy back CC $422.50, upside open (Δ ≈ +522 $/pt)
REASONCC $100.00 is 14.1% OTM. Safe. Earning $0.84/sh time value. Normal operations. Hold-to-expiry: stock flat $-20,455 · at cap $-13,079. Next round in 4d: sell ~$88.00 (~0.39/sh).
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$105.00
Jan 21 '28
557d
$33.88
0.67
-0.034
$0.00
$33.88
100% extr delta 0.67
SP
$120.00
Jan 21 '28
557d
$54.83
0.40
-0.025
$34.13
$20.70
ITM 28.4% ITM
HP
$40.00
Sep 18 '26
67d
$0.49
0.03
-0.018
$0.00
$0.49
DEAD floor 47%
CC
$100.00
Jul 17 '26
4d
$0.84
0.16
-0.175
$0.00
$0.84
OTM 14.1% OTM · 1.82σ (97%) · close $422.50
✓ SKIP
HIMS · 15c · Main:1299
MARKET
STOCK$33.93entry ~$20.00 · +69.7%
CURRENT CC$48.00Jul 24 '26 · 11d
CC STATUSOTM -29.3%1.88σ · 97% surv · T:6%
STRUCTURE
BE SAFE STRIKE$17.47+48.5% vs spot
CC-SAFE STRIKE$18.93-44.2% vs spot
NET DEBIT *$4.93
CAP LOCKED *$7,395
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$24,855
CC BUYBACK-$397.50
CLOSE P/L$24,458
SCENARIOS
STOCK FLAT$24,855
STOCK @ $48.00$47,710
Δ ABOVE CAP / PT$124/pt+0.08δ/sh
CC INC/MO$1,084
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
+$24,458
+$24,458
+$24,458
— / —
lock it in today, capital freed
✓ HOLD CC
+$24,855
+$47,710
+$25,538
97% / 6%
ride to Jul 24 '26 (11d)
UNCAP
+$24,458
—
—
— / —
buy back CC $397.50, upside open (Δ ≈ +1624 $/pt)
REASONCC $48.00 is 29.3% OTM. Safe. Earning $0.27/sh time value. Normal operations. Hold-to-expiry: stock flat $24,855 · at cap $47,710.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$10.00
Jan 21 '28
557d
$26.25
0.96
-0.004
$23.93
$2.32
9% extr delta 0.96
SP
$20.00
Jan 21 '28
557d
$5.05
0.14
-0.007
$0.00
$5.05
DEAD 69.7% OTM
HP
$5.00
Jan 21 '28
557d
$0.30
0.01
-0.001
$0.00
$0.30
DEAD floor 15%
CC
$48.00
Jul 24 '26
11d
$0.27
0.08
-0.042
$0.00
$0.27
OTM 29.3% OTM · 1.88σ (97%) · close $397.50
✓ SKIP
GLXY · 125c · Main:1299
CC_PARTIAL
✓ GREEKS RECOVERED (LC): IBKR initial fetch returned no modelGreeks for the above leg; retry pass resolved cleanly. Data is reliable.
MARKET
STOCK$24.32entry ~$37.00 · -34.3%
CURRENT CC$30.00Jul 17 '26 · 4d
CC STATUSOTM -18.9%1.98σ · 98% surv · T:5%
STRUCTURE
BE SAFE STRIKE$39.71-63.3% vs spot
CC-SAFE STRIKE$31.39+29.1% vs spot
NET DEBIT *$2.21
CAP LOCKED *$27,625
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-74,875
CC BUYBACK-$1,500
CLOSE P/L$-76,375
SCENARIOS
STOCK FLAT$-74,875
STOCK @ $30.00$-26,860
Δ ABOVE CAP / PT$0/ptsynth Δ 0.85
CC INC/MO$11,250
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$76,375
−$76,375
−$76,375
— / —
lock it in today, capital freed
✓ HOLD CC
−$74,875
−$26,860
−$73,736
98% / 5%
ride to Jul 17 '26 (4d)
UNCAP
−$76,375
—
—
— / —
buy back CC $1,500, upside open (Δ ≈ +10567 $/pt)
REASONCC $30.00 is 18.9% OTM. Safe. Earning $0.15/sh time value. Normal operations. Hold-to-expiry: stock flat $-74,875 · at cap $-26,860. Next round in 4d: sell ~$25.00 (~0.11/sh).
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$37.50
Jan 21 '28
557d
$8.93
0.60 ↻
-0.011
$0.00
$8.93
100% extr delta 0.60
SP
$37.50
Jan 21 '28
557d
$18.68
0.42
-0.008
$13.18
$5.50
ITM 35.1% ITM
HP
$17.50
Jan 21 '28
557d
$6.00
0.18
-0.006
$0.00
$6.00
ACTIVE floor 72%
CC
$30.00
Jul 17 '26
4d
$0.15
0.11
-0.050
$0.00
$0.15
OTM 18.9% OTM · 1.98σ (98%) · close $1,500
✓ SKIP
RIOT · 50c · Joint:1782
MARKET
STOCK$20.52entry ~$14.00 · +46.6%
CURRENT CC$24.50Jul 17 '26 · 4d
CC STATUSOTM -16.2%2.00σ · 98% surv · T:5%
STRUCTURE
BE SAFE STRIKE$23.65-15.3% vs spot
CC-SAFE STRIKE$20.51-0.0% vs spot
NET DEBIT *$-9.70
CAP LOCKED *$-48,500
LC DTE186d
P&L
FORTRESS P/L (EX-CC)$375.00
CC BUYBACK-$600.00
CLOSE P/L$-225.00
SCENARIOS
STOCK FLAT$375.00
STOCK @ $24.50$25,277
Δ ABOVE CAP / PT$1,257/pt+0.25δ/sh
CC INC/MO$4,500
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$225.00
−$225.00
−$225.00
— / —
lock it in today, capital freed
✓ HOLD CC
+$375.00
+$25,277
+$940.75
98% / 5%
ride to Jul 17 '26 (4d)
UNCAP
−$225.00
—
—
— / —
buy back CC $600.00, upside open (Δ ≈ +6257 $/pt)
REASONCC $24.50 is 16.2% OTM. Safe. Earning $0.12/sh time value. Normal operations. Hold-to-expiry: stock flat $375.00 · at cap $25,277. Next round in 4d: sell ~$21.00 (~0.09/sh). ⚠ LC has 186d left. Plan rebuild within 3 months.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$17.00
Jan 15 '27
186d
$7.45
0.75
-0.013
$3.52
$3.93
53% extr delta 0.75
SP
$40.00
Jan 15 '27
186d
$20.15
0.75
-0.009
$19.48
$0.67
ITM 48.7% ITM
HP
$17.00
Jan 15 '27
186d
$3.08
0.25
-0.011
$0.00
$3.08
ACTIVE floor 83%
CC
$24.50
Jul 17 '26
4d
$0.12
0.11
-0.034
$0.00
$0.12
OTM 16.2% OTM · 2.00σ (98%) · close $600.00
✓ SKIP
IREN · 20c · Main:1299
MARKET
STOCK$40.05entry ~$45.00 · -11.0%
CURRENT CC$50.00Jul 17 '26 · 4d
CC STATUSOTM -19.9%2.02σ · 98% surv · T:4%
STRUCTURE
BE SAFE STRIKE$44.00-9.9% vs spot
CC-SAFE STRIKE$47.38+18.3% vs spot
NET DEBIT *$16.00
CAP LOCKED *$32,000
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-12,650
CC BUYBACK-$600.00
CLOSE P/L$-13,250
SCENARIOS
STOCK FLAT$-12,650
STOCK @ $50.00$4,628
Δ ABOVE CAP / PT$0/ptsynth Δ 0.87
CC INC/MO$4,500
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$13,250
−$13,250
−$13,250
— / —
lock it in today, capital freed
✓ HOLD CC
−$12,650
+$4,628
−$12,275
98% / 4%
ride to Jul 17 '26 (4d)
UNCAP
−$13,250
—
—
— / —
buy back CC $600.00, upside open (Δ ≈ +1736 $/pt)
REASONCC $50.00 is 19.9% OTM. Safe. Earning $0.30/sh time value. Normal operations. Hold-to-expiry: stock flat $-12,650 · at cap $4,628. Next round in 4d: sell ~$41.50 (~0.18/sh).
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$25.00
Jan 21 '28
557d
$26.02
0.86
-0.012
$15.05
$10.98
42% extr delta 0.86
SP
$47.00
Jan 21 '28
557d
$22.52
0.29
-0.013
$6.95
$15.57
ITM 14.8% ITM
HP
$35.00
Oct 16 '26
95d
$6.17
0.28
-0.041
$0.00
$6.17
ACTIVE floor 87%
CC
$50.00
Jul 17 '26
4d
$0.30
0.11
-0.084
$0.00
$0.30
OTM 19.9% OTM · 2.02σ (98%) · close $600.00
✓ SKIP
IREN · 20c · Joint:1782
MARKET
STOCK$40.05entry ~$45.00 · -11.0%
CURRENT CC$50.00Jul 17 '26 · 4d
CC STATUSOTM -19.9%2.02σ · 98% surv · T:4%
STRUCTURE
BE SAFE STRIKE$44.00-9.9% vs spot
CC-SAFE STRIKE$47.38+18.3% vs spot
NET DEBIT *$16.00
CAP LOCKED *$32,000
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-12,650
CC BUYBACK-$600.00
CLOSE P/L$-13,250
SCENARIOS
STOCK FLAT$-12,650
STOCK @ $50.00$4,628
Δ ABOVE CAP / PT$0/ptsynth Δ 0.87
CC INC/MO$4,500
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$13,250
−$13,250
−$13,250
— / —
lock it in today, capital freed
✓ HOLD CC
−$12,650
+$4,628
−$12,275
98% / 4%
ride to Jul 17 '26 (4d)
UNCAP
−$13,250
—
—
— / —
buy back CC $600.00, upside open (Δ ≈ +1736 $/pt)
REASONCC $50.00 is 19.9% OTM. Safe. Earning $0.30/sh time value. Normal operations. Hold-to-expiry: stock flat $-12,650 · at cap $4,628. Next round in 4d: sell ~$41.50 (~0.18/sh).
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$25.00
Jan 21 '28
557d
$26.02
0.86
-0.012
$15.05
$10.98
42% extr delta 0.86
SP
$47.00
Jan 21 '28
557d
$22.52
0.29
-0.013
$6.95
$15.57
ITM 14.8% ITM
HP
$35.00
Oct 16 '26
95d
$6.17
0.28
-0.041
$0.00
$6.17
ACTIVE floor 87%
CC
$50.00
Jul 17 '26
4d
$0.30
0.11
-0.084
$0.00
$0.30
OTM 19.9% OTM · 2.02σ (98%) · close $600.00
✓ SKIP
MU · 2c · Neville:0865
MARKET
STOCK$927.00entry ~$1235.00 · -24.9%
CURRENT CC$1,155Jul 17 '26 · 4d
CC STATUSOTM -19.7%2.31σ · 99% surv · T:2%
STRUCTURE
BE SAFE STRIKE$1220.00-31.6% vs spot
CC-SAFE STRIKE$1190.52+28.4% vs spot
NET DEBIT *$250.00
CAP LOCKED *$50,000
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-53,960
CC BUYBACK-$1,290
CLOSE P/L$-55,250
SCENARIOS
STOCK FLAT$-53,960
STOCK @ $1,155$-6,717
Δ ABOVE CAP / PT$7/pt+0.04δ/sh
CC INC/MO$9,675
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$55,250
−$55,250
−$55,250
— / —
lock it in today, capital freed
✓ HOLD CC
−$53,960
−$6,717
−$53,467
99% / 2%
ride to Jul 17 '26 (4d)
UNCAP
−$55,250
—
—
— / —
buy back CC $1,290, upside open (Δ ≈ +207 $/pt)
REASONCC $1155.00 is 19.7% OTM. Safe. Earning $6.45/sh time value. Normal operations. Hold-to-expiry: stock flat $-53,960 · at cap $-6,717. Next round in 4d: sell ~$955.00 (~4.17/sh).
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$970.00
Jan 21 '28
557d
$427.65
0.73
-0.347
$0.00
$427.65
100% extr delta 0.73
SP
$1110.00
Jan 21 '28
557d
$452.83
0.33
-0.271
$183.00
$269.83
ITM 16.5% ITM
HP
$370.00
Oct 16 '26
95d
$5.38
0.02
-0.152
$0.00
$5.38
DEAD floor 40%
CC
$1155.00
Jul 17 '26
4d
$6.45
0.11
-1.763
$0.00
$6.45
OTM 19.7% OTM · 2.31σ (99%) · close $1,290
✓ SKIP
GLD · 10c · Main:1299
CC_PARTIAL
MARKET
STOCK$372.13entry ~$465.00 · -20.0%
CURRENT CC$390Jul 17 '26 · 4d
CC STATUSOTM -4.6%2.33σ · 99% surv · T:2%
STRUCTURE
BE SAFE STRIKE$456.00-22.5% vs spot
CC-SAFE STRIKE$465.50+25.1% vs spot
NET DEBIT *$136.00
CAP LOCKED *$136,000
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-122,318
CC BUYBACK-$292.50
CLOSE P/L$-122,610
SCENARIOS
STOCK FLAT$-122,318
STOCK @ $390$-109,739
Δ ABOVE CAP / PT$408/pt+0.41δ/sh
CC INC/MO$2,194
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$122,610
−$122,610
−$122,610
— / —
lock it in today, capital freed
✓ HOLD CC
−$122,318
−$109,739
−$122,193
99% / 2%
ride to Jul 17 '26 (4d)
UNCAP
−$122,610
—
—
— / —
buy back CC $292.50, upside open (Δ ≈ +1408 $/pt)
REASONCC $390.00 is 4.6% OTM. Safe. Earning $0.58/sh time value. Normal operations. Hold-to-expiry: stock flat $-122,318 · at cap $-109,739. Next round in 4d: sell ~$385.00 (~1.67/sh).
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$320.00
Jan 21 '28
557d
$90.00
0.82
-0.052
$52.13
$37.87
42% extr delta 0.82
SP
$450.00
Jan 21 '28
557d
$79.33
0.72
-0.015
$77.87
$1.46
ITM 17.3% ITM
HP
$330.00
Oct 16 '26
95d
$3.30
0.13
-0.045
$0.00
$3.30
ACTIVE floor 89%
CC
$390.00
Jul 17 '26
4d
$0.58
0.11
-0.139
$0.00
$0.58
OTM 4.6% OTM · 2.33σ (99%) · close $292.50
✓ SKIP
APP · 1c · RetireInc:7291
MARKET
STOCK$507.50entry ~$601.00 · -15.6%
CURRENT CC$600Jul 17 '26 · 4d
CC STATUSOTM -15.4%2.36σ · 99% surv · T:2%
STRUCTURE
BE SAFE STRIKE$588.00-15.9% vs spot
CC-SAFE STRIKE$605.15+19.2% vs spot
NET DEBIT *$128.00
CAP LOCKED *$12,800
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-10,294
CC BUYBACK-$87.50
CLOSE P/L$-10,382
SCENARIOS
STOCK FLAT$-10,294
STOCK @ $600$-364.66
Δ ABOVE CAP / PT$7/pt+0.07δ/sh
CC INC/MO$656.25
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$10,382
−$10,382
−$10,382
— / —
lock it in today, capital freed
✓ HOLD CC
−$10,294
−$364.66
−$10,204
99% / 2%
ride to Jul 17 '26 (4d)
UNCAP
−$10,382
—
—
— / —
buy back CC $87.50, upside open (Δ ≈ +107 $/pt)
REASONCC $600.00 is 15.4% OTM. Safe. Earning $0.88/sh time value. Normal operations. Hold-to-expiry: stock flat $-10,294 · at cap $-364.66. Next round in 4d: sell ~$525.00 (~2.28/sh).
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$460.00
Jan 21 '28
557d
$206.35
0.74
-0.155
$47.50
$158.85
77% extr delta 0.74
SP
$540.00
Jan 21 '28
557d
$182.05
0.34
-0.119
$32.50
$149.55
ITM 6.0% ITM
HP
$185.00
Sep 18 '26
67d
$0.76
0.00
-0.014
$0.00
$0.76
DEAD floor 36% ⚠ SYNTH
CC
$600.00
Jul 17 '26
4d
$0.88
0.04
-0.274
$0.00
$0.88
OTM 15.4% OTM · 2.36σ (99%) · close $87.50
✓ SKIP
SPCX · 5c · Neville:0865
MARKET
STOCK$143.05entry ~$178.00 · -19.6%
CURRENT CC$175Jul 17 '26 · 4d
CC STATUSOTM -18.3%2.37σ · 99% surv · T:2%
STRUCTURE
BE SAFE STRIKE$186.00-30.0% vs spot
CC-SAFE STRIKE$179.79+25.7% vs spot
NET DEBIT *$27.00
CAP LOCKED *$13,500
LC DTE249d
P&L
FORTRESS P/L (EX-CC)$-16,525
CC BUYBACK-$187.50
CLOSE P/L$-16,712
SCENARIOS
STOCK FLAT$-16,525
STOCK @ $175$-2,692
Δ ABOVE CAP / PT$0/ptsynth Δ 0.87
CC INC/MO$1,406
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$16,712
−$16,712
−$16,712
— / —
lock it in today, capital freed
✓ HOLD CC
−$16,525
−$2,692
−$16,403
99% / 2%
ride to Jul 17 '26 (4d)
UNCAP
−$16,712
—
—
— / —
buy back CC $187.50, upside open (Δ ≈ +433 $/pt)
REASONCC $175.00 is 18.3% OTM. Safe. Earning $0.38/sh time value. Normal operations. Hold-to-expiry: stock flat $-16,525 · at cap $-2,692. Next round in 4d: sell ~$147.00 (~0.64/sh). ⚠ LC has 249d left. Plan rebuild within 3 months.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$150.00
Mar 19 '27
249d
$33.80
0.62
-0.073
$0.00
$33.80
100% extr delta 0.62
SP
$195.00
Mar 19 '27
249d
$66.80
0.57
-0.057
$51.95
$14.85
ITM 26.6% ITM
HP
$135.00
Mar 19 '27
249d
$26.95
0.32
-0.056
$0.00
$26.95
ACTIVE floor 94%
CC
$175.00
Jul 17 '26
4d
$0.38
0.06
-0.129
$0.00
$0.38
OTM 18.3% OTM · 2.37σ (99%) · close $187.50
✓ SKIP
GOOG · 5c · Neville:0865
MARKET
STOCK$353.30entry ~$369.00 · -4.3%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$398.00-12.7% vs spot
CC-SAFE STRIKE$373.41+5.7% vs spot
NET DEBIT *$51.00
CAP LOCKED *$25,500
LC DTE339d
P&L
FORTRESS P/L (EX-CC)$-7,575
CLOSE P/L$-7,575
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$7,575
−$7,575
−$7,575
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$7,575
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.66, theta=$-0.086/d. Cheapest directional exposure you own. ⚠ LC has 339d left. Plan rebuild within 3 months.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$340.00
Jun 17 '27
339d
$63.03
0.66
-0.086
$13.30
$49.72
79% extr delta 0.66
SP
$405.00
Jun 17 '27
339d
$72.40
0.57
-0.050
$51.70
$20.70
ITM 12.8% ITM
HP
$360.00
Jun 17 '27
339d
$45.23
0.42
-0.054
$6.70
$38.53
ACTIVE floor 102%
CC
— not present —
✓ SKIP
MARA · 250c · Neville:0865
⚠️EARNINGS IN YOUR SELL WINDOW2026-07-29 (Wed)in 16 days
Any fresh CC you sell that expires on or after 2026-07-29 carries the earnings gap. Prefer an expiry before the print, or size down.
Read: Normal CC writing territory. Sell at or above the fortress safe strike. 1-sigma weekly move above spot is a reasonable floor. Suggested CC floor: $26.40.
Dashed line on chart: Upper BB (CC ceiling). Roll table below has matching BB ZONE column.
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$14,250
−$14,250
−$14,250
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$14,250
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.38, theta=$-0.006/d. Cheapest directional exposure you own. ⚠ LC has 339d left. Plan rebuild within 3 months. Weekly gate: NEUTRAL. Reference Upper BB (CC ceiling) at $15.92. See BB ZONE in roll table below.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$25.00
Jun 17 '27
339d
$2.13
0.38
-0.006
$0.00
$2.13
100% extr delta 0.38
SP
$15.00
Jun 17 '27
339d
$5.72
0.40
-0.005
$2.64
$3.08
ITM 17.6% ITM
HP
$13.00
Jun 17 '27
339d
$4.43
0.34
-0.005
$0.64
$3.79
ACTIVE floor 105%
CC
— not present —
✓ SKIP
AMZN · 10c · Joint:1782
MARKET
STOCK$244.07entry ~$238.00 · +2.6%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$256.25-5.0% vs spot
CC-SAFE STRIKE$237.49-2.7% vs spot
NET DEBIT *$37.50
CAP LOCKED *$37,500
LC DTE368d
P&L
FORTRESS P/L (EX-CC)$6,400
CLOSE P/L$6,400
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
+$6,400
+$6,400
+$6,400
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
+$6,400
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.74, theta=$-0.058/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$215.00
Jul 16 '27
368d
$59.33
0.74
-0.058
$29.07
$30.26
51% extr delta 0.74
SP
$260.00
Jul 16 '27
368d
$40.48
0.46
-0.036
$15.93
$24.54
ITM 6.1% ITM
HP
$230.00
Jul 16 '27
368d
$25.05
0.33
-0.036
$0.00
$25.05
ACTIVE floor 94%
CC
— not present —
✓ SKIP
GOOG · 5c · Joint:1782
LEAPS-ONLY
MARKET
STOCK$353.30entry ~$335.00 · +5.5%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$392.50-11.1% vs spot
CC-SAFE STRIKE$337.03-4.6% vs spot
NET DEBIT *$82.50
CAP LOCKED *$41,250
LC DTE522d
P&L
FORTRESS P/L (EX-CC)$6,375
CLOSE P/L$6,375
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
+$6,375
+$6,375
+$6,375
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
+$6,375
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.75, theta=$-0.068/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$310.00
Dec 17 '27
522d
$95.25
0.75
-0.068
$43.30
$51.95
55% extr delta 0.75
SP
none · LEAPS-only structure
HP
none · LEAPS-only structure
CC
— not present —
✓ SKIP
GOOG · 10c · Main:1299
LEAPS-ONLY
MARKET
STOCK$353.30entry ~$335.00 · +5.5%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$392.50-11.1% vs spot
CC-SAFE STRIKE$337.03-4.6% vs spot
NET DEBIT *$82.50
CAP LOCKED *$82,500
LC DTE522d
P&L
FORTRESS P/L (EX-CC)$12,750
CLOSE P/L$12,750
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
+$12,750
+$12,750
+$12,750
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
+$12,750
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.75, theta=$-0.068/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$310.00
Dec 17 '27
522d
$95.25
0.75
-0.068
$43.30
$51.95
55% extr delta 0.75
SP
none · LEAPS-only structure
HP
none · LEAPS-only structure
CC
— not present —
✓ SKIP
COIN · 8c · Main:1299
MARKET
STOCK$156.35entry ~$211.00 · -25.9%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$210.90-34.9% vs spot
CC-SAFE STRIKE$215.04+37.5% vs spot
NET DEBIT *$16.80
CAP LOCKED *$13,440
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-52,332
CLOSE P/L$-52,332
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$52,332
−$52,332
−$52,332
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$52,332
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.69, theta=$-0.053/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$165.00
Jan 21 '28
557d
$60.60
0.69
-0.053
$0.00
$60.60
100% extr delta 0.69
SP
$240.00
Jan 21 '28
557d
$110.85
0.49
-0.039
$83.65
$27.20
ITM 34.9% ITM
HP
$85.00
Oct 16 '26
95d
$1.64
0.05
-0.031
$0.00
$1.64
ACTIVE floor 54%
CC
— not present —
✓ SKIP
ETHA · 50c · Main:1299
MARKET
STOCK$13.43entry ~$17.68 · -24.0%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$17.33-29.0% vs spot
CC-SAFE STRIKE$17.94+33.6% vs spot
NET DEBIT *$4.33
CAP LOCKED *$21,650
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-22,900
CLOSE P/L$-22,900
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$22,900
−$22,900
−$22,900
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$22,900
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.71, theta=$-0.004/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$13.00
Jan 21 '28
557d
$4.90
0.71
-0.004
$0.43
$4.47
91% extr delta 0.71
SP
$16.00
Jan 21 '28
557d
$5.53
0.41
-0.003
$2.57
$2.96
ITM 16.1% ITM
HP
$10.00
Oct 16 '26
95d
$0.38
0.13
-0.005
$0.00
$0.38
ACTIVE floor 74%
CC
— not present —
✓ SKIP
NOW · 10c · Main:1299
MARKET
STOCK$107.88entry ~$108.00 · -0.1%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$108.93-1.0% vs spot
CC-SAFE STRIKE$112.24+4.0% vs spot
NET DEBIT *$27.85
CAP LOCKED *$27,850
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-3,250
CLOSE P/L$-3,250
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$3,250
−$3,250
−$3,250
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$3,250
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.80, theta=$-0.025/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$80.00
Jan 21 '28
557d
$48.17
0.80
-0.025
$27.88
$20.30
42% extr delta 0.80
SP
$110.00
Jan 21 '28
557d
$29.18
0.35
-0.021
$2.12
$27.05
ITM 1.9% ITM
HP
$90.00
Oct 16 '26
95d
$5.60
0.23
-0.053
$0.00
$5.60
ACTIVE floor 83%
CC
— not present —
✓ SKIP
BMNR · 50c · RetireInc:7291
MARKET
STOCK$14.94entry ~$19.50 · -23.4%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$17.13-14.7% vs spot
CC-SAFE STRIKE$19.40+29.9% vs spot
NET DEBIT *$6.25
CAP LOCKED *$31,250
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-25,175
CLOSE P/L$-25,175
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$25,175
−$25,175
−$25,175
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$25,175
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.84, theta=$-0.004/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$10.00
Jan 21 '28
557d
$8.22
0.84
-0.004
$4.94
$3.29
40% extr delta 0.84
SP
$18.00
Jan 21 '28
557d
$7.15
0.36
-0.005
$3.06
$4.09
ITM 17.0% ITM
HP
$10.00
Aug 21 '26
39d
$0.14
0.07
-0.007
$0.00
$0.14
ACTIVE floor 67%
CC
— not present —
✓ SKIP
IREN · 20c · Neville:0865
MARKET
STOCK$40.05entry ~$58.25 · -31.2%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$56.50-41.1% vs spot
CC-SAFE STRIKE$57.96+44.7% vs spot
NET DEBIT *$3.00
CAP LOCKED *$6,000
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-38,260
CLOSE P/L$-38,260
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$38,260
−$38,260
−$38,260
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$38,260
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.74, theta=$-0.017/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$45.00
Jan 21 '28
557d
$19.57
0.74
-0.017
$0.00
$19.57
100% extr delta 0.74
SP
$65.00
Jan 21 '28
557d
$36.27
0.39
-0.014
$24.95
$11.32
ITM 38.4% ITM
HP
$21.00
Aug 21 '26
39d
$0.57
0.05
-0.020
$0.00
$0.57
ACTIVE floor 52%
CC
— not present —
✓ SKIP
INTC · 5c · Neville:0865
MARKET
STOCK$106.06entry ~$116.50 · -9.0%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$114.00-7.5% vs spot
CC-SAFE STRIKE$113.45+7.0% vs spot
NET DEBIT *$29.00
CAP LOCKED *$14,500
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-3,810
CLOSE P/L$-3,810
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$3,810
−$3,810
−$3,810
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$3,810
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.79, theta=$-0.032/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$85.00
Jan 21 '28
557d
$53.90
0.79
-0.032
$21.06
$32.84
61% extr delta 0.79
SP
$100.00
Jan 21 '28
557d
$32.58
0.26
-0.027
$0.00
$32.58
ALIVE 6.1% OTM
HP
$35.00
Aug 21 '26
39d
$0.06
0.00
-0.003
$0.00
$0.06
DEAD floor 33%
CC
— not present —
✓ SKIP
MSTR · 4c · RetireInc:7291
MARKET
STOCK$93.10entry ~$163.00 · -42.9%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$161.00-72.9% vs spot
CC-SAFE STRIKE$165.73+78.0% vs spot
NET DEBIT *$12.00
CAP LOCKED *$4,800
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-32,040
CLOSE P/L$-32,040
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$32,040
−$32,040
−$32,040
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$32,040
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.64, theta=$-0.039/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$125.00
Jan 21 '28
557d
$35.83
0.64
-0.039
$0.00
$35.83
100% extr delta 0.64
SP
$185.00
Jan 21 '28
557d
$105.70
0.54
-0.027
$91.90
$13.80
ITM 49.7% ITM
HP
$55.00
Sep 18 '26
67d
$1.77
0.08
-0.048
$0.00
$1.77
ACTIVE floor 59%
CC
— not present —
✓ SKIP
COIN · 3c · RetireInc:7291
MARKET
STOCK$156.35entry ~$185.00 · -15.5%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$182.40-16.7% vs spot
CC-SAFE STRIKE$187.94+20.2% vs spot
NET DEBIT *$19.80
CAP LOCKED *$5,940
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-10,402
CLOSE P/L$-10,402
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$10,402
−$10,402
−$10,402
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$10,402
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.74, theta=$-0.050/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$145.00
Jan 21 '28
557d
$65.00
0.74
-0.050
$11.35
$53.65
83% extr delta 0.74
SP
$200.00
Jan 21 '28
557d
$80.72
0.41
-0.040
$43.65
$37.07
ITM 21.8% ITM
HP
$75.00
Sep 18 '26
67d
$0.85
0.02
-0.020
$0.00
$0.85
DEAD floor 48%
CC
— not present —
✓ SKIP
QCOM · 5c · RetireInc:7291
MARKET
STOCK$183.71entry ~$228.00 · -19.4%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$224.00-21.9% vs spot
CC-SAFE STRIKE$221.76+20.7% vs spot
NET DEBIT *$34.00
CAP LOCKED *$17,000
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-19,603
CLOSE P/L$-19,603
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$19,603
−$19,603
−$19,603
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$19,603
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.67, theta=$-0.055/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$190.00
Jan 21 '28
557d
$59.88
0.67
-0.055
$0.00
$59.88
100% extr delta 0.67
SP
$210.00
Jan 21 '28
557d
$66.92
0.39
-0.035
$26.29
$40.64
ITM 12.5% ITM
HP
$90.00
Sep 18 '26
67d
$1.84
0.01
-0.013
$0.00
$1.84
DEAD floor 49% ⚠ SYNTH
CC
— not present —
✓ SKIP
RKLB · 6c · RetireInc:7291
MARKET
STOCK$78.78entry ~$148.00 · -46.8%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$141.55-79.7% vs spot
CC-SAFE STRIKE$145.72+85.0% vs spot
NET DEBIT *$26.55
CAP LOCKED *$15,930
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-41,559
CLOSE P/L$-41,559
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$41,559
−$41,559
−$41,559
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$41,559
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.62, theta=$-0.034/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$115.00
Jan 21 '28
557d
$27.93
0.62
-0.034
$0.00
$27.93
100% extr delta 0.62
SP
$135.00
Jan 21 '28
557d
$71.58
0.47
-0.024
$56.22
$15.36
ITM 41.6% ITM
HP
$45.00
Sep 18 '26
67d
$0.94
0.05
-0.030
$0.00
$0.94
ACTIVE floor 57%
CC
— not present —
✓ SKIP
IREN · 20c · RetireInc:7291
MARKET
STOCK$40.05entry ~$65.00 · -38.4%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$63.43-58.4% vs spot
CC-SAFE STRIKE$66.41+65.8% vs spot
NET DEBIT *$6.85
CAP LOCKED *$13,700
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-54,840
CLOSE P/L$-54,840
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$54,840
−$54,840
−$54,840
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$54,840
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.71, theta=$-0.018/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$50.00
Jan 21 '28
557d
$18.52
0.71
-0.018
$0.00
$18.52
100% extr delta 0.71
SP
$70.00
Jan 21 '28
557d
$40.40
0.41
-0.014
$29.95
$10.45
ITM 42.8% ITM
HP
$23.00
Sep 18 '26
67d
$1.31
0.09
-0.025
$0.00
$1.31
ACTIVE floor 57%
CC
— not present —
✓ SKIP
MU · 5c · Main:1299
MARKET
STOCK$927.00entry ~$1050.00 · -11.7%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$1028.60-11.0% vs spot
CC-SAFE STRIKE$1000.74+8.0% vs spot
NET DEBIT *$148.60
CAP LOCKED *$74,300
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-37,000
CLOSE P/L$-37,000
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$37,000
−$37,000
−$37,000
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$37,000
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.76, theta=$-0.331/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$880.00
Jan 21 '28
557d
$456.33
0.76
-0.331
$47.00
$409.33
90% extr delta 0.76
SP
$1010.00
Jan 21 '28
557d
$384.08
0.30
-0.261
$83.00
$301.08
ITM 8.2% ITM
HP
$320.00
Sep 18 '26
67d
$2.35
0.01
-0.088
$0.00
$2.35
DEAD floor 35%
CC
— not present —
✓ SKIP
CLSK · 25c · RetireInc:7291
✓ GREEKS RECOVERED (LC, SP, HP): IBKR initial fetch returned no modelGreeks for the above legs; retry pass resolved cleanly. Data is reliable.
MARKET
STOCK$12.40entry ~$17.00 · -27.1%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$20.74-67.3% vs spot
CC-SAFE STRIKE$16.72+34.9% vs spot
NET DEBIT *$3.74
CAP LOCKED *$9,350
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$-8,788
CLOSE P/L$-8,788
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$8,788
−$8,788
−$8,788
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$8,788
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.65, theta=$-0.005/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$17.00
Jan 21 '28
557d
$4.97
0.65 ↻
-0.005
$0.00
$4.97
100% extr delta 0.65
SP
$17.00
Jan 21 '28
557d
$8.22
0.37 ↻
-0.004
$4.60
$3.62
ITM 27.1% ITM
HP
$10.00
Jan 21 '28
557d
$3.47
0.20 ↻
-0.003
$0.00
$3.47
ACTIVE floor 81%
CC
— not present —
✓ SKIP
GOOG · 15c · Neville:0865
MARKET
STOCK$353.30entry ~$335.00 · +5.5%
CURRENT CCNO CCuncapped · gear mode
STRUCTURE
BE SAFE STRIKE$373.00-5.6% vs spot
CC-SAFE STRIKE$334.73-5.3% vs spot
NET DEBIT *$73.00
CAP LOCKED *$109,500
LC DTE557d
P&L
FORTRESS P/L (EX-CC)$24,488
CLOSE P/L$24,488
SCENARIOS
STOCK FLAT—
STOCK @ CAP—
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
+$24,488
+$24,488
+$24,488
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
+$24,488
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.77, theta=$-0.065/d. Cheapest directional exposure you own.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$300.00
Jan 21 '28
557d
$103.88
0.77
-0.065
$53.30
$50.57
49% extr delta 0.77
SP
$345.00
Jan 21 '28
557d
$48.30
0.36
-0.039
$0.00
$48.30
ALIVE 2.4% OTM
HP
$310.00
Jan 21 '28
557d
$33.75
0.27
-0.036
$0.00
$33.75
ACTIVE floor 88%
CC
— not present —
✓ SKIP
MARA · 50c · Joint:1782
⚠️EARNINGS IN YOUR SELL WINDOW2026-07-29 (Wed)in 16 days
Any fresh CC you sell that expires on or after 2026-07-29 carries the earnings gap. Prefer an expiry before the print, or size down.
Read: Normal CC writing territory. Sell at or above the fortress safe strike. 1-sigma weekly move above spot is a reasonable floor. Suggested CC floor: $26.40.
Dashed line on chart: Upper BB (CC ceiling). Roll table below has matching BB ZONE column.
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$25,275
−$25,275
−$25,275
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$25,275
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.57, theta=$-0.005/d. Cheapest directional exposure you own. Weekly gate: NEUTRAL. Reference Upper BB (CC ceiling) at $15.92. See BB ZONE in roll table below.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$20.00
Jan 21 '28
557d
$3.98
0.57
-0.005
$0.00
$3.98
100% extr delta 0.57
SP
$17.00
Jan 21 '28
557d
$8.03
0.39
-0.004
$4.64
$3.38
ITM 27.3% ITM
HP
$10.00
Jan 21 '28
557d
$3.33
0.21
-0.003
$0.00
$3.33
ACTIVE floor 81%
CC
— not present —
✓ SKIP
MARA · 200c · Main:1299
⚠️EARNINGS IN YOUR SELL WINDOW2026-07-29 (Wed)in 16 days
Any fresh CC you sell that expires on or after 2026-07-29 carries the earnings gap. Prefer an expiry before the print, or size down.
Read: Normal CC writing territory. Sell at or above the fortress safe strike. 1-sigma weekly move above spot is a reasonable floor. Suggested CC floor: $26.40.
Dashed line on chart: Upper BB (CC ceiling). Roll table below has matching BB ZONE column.
ROUTES · expected value of each path
ROUTE
STOCK FLAT
@ CAP
E[P/L]
SURV / TOUCH
NOTES
CLOSE ALL
−$90,100
−$90,100
−$90,100
— / —
lock it in today, capital freed
✓ HOLD (UNCAPPED)
−$90,100
—
—
— / —
gear mode, upside open
REASONNo CC sold. Position is riding uncapped (gear mode). LC delta=0.57, theta=$-0.005/d. Cheapest directional exposure you own. Weekly gate: NEUTRAL. Reference Upper BB (CC ceiling) at $15.92. See BB ZONE in roll table below.
LEG
STRIKE
EXPIRY
DTE
MARK
DELTA
THETA
INTR
EXTR
STATUS
LC
$20.00
Jan 21 '28
557d
$3.98
0.57
-0.005
$0.00
$3.98
100% extr delta 0.57
SP
$25.00
Jan 21 '28
557d
$14.70
0.55
-0.004
$12.64
$2.06
ITM 50.6% ITM
HP
$15.00
Jan 21 '28
557d
$6.60
0.34
-0.004
$2.64
$3.96
ACTIVE floor 121%
CC
— not present —
Safe Strike = max(LC+ND, (LC+SP+ND)/2)Decisions driven by CC status + LC runway + sigma survival + proactive rolls (v1.2)Read-only — review each action in TWS before tradingpython3 fortress_rebuild.py --help