| Ticker | Contracts | Notional · % book | Invested Capital · % book | Max Loss | Max Loss % of Total | Odds of Max Lossworst block | Risk Mult | Leverage | Income (Monthly)forward est. · % of total | Income (Monthly)historical avg | ROI on IC | ROI on ML | Recovery (months) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SPYLT | 12 | $915,768 · 20% | $161,160 · 15% | $161,160 | 11.7% | — | 1.00x | 5.68x | $5,436 · 13% | $0 | 40.48% | 40.48% | 29.6 |
| BMNRLT | 250 | $516,750 · 12% | $138,250 · 13% | $138,250 | 10.0% | 86%worst block | 1.00x | 3.74x | $1,944 · 5% | $0 | 16.87% | 16.87% | 71.1 |
| QQQLT | 8 | $558,568 · 12% | $113,552 · 11% | $113,552 | 8.2% | — | 1.00x | 4.92x | $6,048 · 15% | $0 | 63.91% | 63.91% | 18.8 |
| COIN | 10 | $145,880 · 3% | $88,680 · 9% | $103,680 | 7.5% | — | 1.17x | 1.65x | $4,428 · 11% | $0 | 59.92% | 51.25% | 23.4 |
| DELL | 3 | $122,226 · 3% | $41,250 · 4% | $92,250 | 6.7% | — | 2.24x | 2.96x | $3,888 · 9% | $0 | 113.11% | 50.58% | 23.7 |
| MCD | 10 | $262,360 · 6% | $31,190 · 3% | $91,190 | 6.6% | — | 2.92x | 8.41x | $345 · 1% | $0 | 13.27% | 4.54% | 264.3 |
| XOM | 14 | $249,844 · 6% | $36,092 · 3% | $78,092 | 5.7% | — | 2.16x | 6.92x | $2,268 · 5% | $0 | 75.41% | 34.85% | 34.4 |
| SPCX | 8 | $112,608 · 3% | $58,992 · 6% | $70,992 | 5.1% | — | 1.20x | 1.91x | $3,384 · 8% | $0 | 68.84% | 57.20% | 21.0 |
| CI | 7 | $206,269 · 5% | $42,210 · 4% | $70,210 | 5.1% | — | 1.66x | 4.89x | $215 · 1% | $0 | 6.12% | 3.68% | 326.0 |
| NVDA | 6 | $124,788 · 3% | $51,120 · 5% | $66,120 | 4.8% | — | 1.29x | 2.44x | $2,182 · 5% | $0 | 51.21% | 39.59% | 30.3 |
| MARALT | 500 | $340,000 · 8% | $65,500 · 6% | $65,500 | 4.8% | — | 1.00x | 5.19x | $871 · 2% | $0 | 15.96% | 15.96% | 75.2 |
| LLY | 1 | $142,256 · 3% | $27,875 · 3% | $61,875 | 4.5% | — | 2.22x | 5.10x | $1,746 · 4% | $0 | 75.16% | 33.86% | 35.4 |
| MU | 1 | $86,066 · 2% | $44,499 · 4% | $53,499 | 3.9% | — | 1.20x | 1.93x | $2,955 · 7% | $0 | 79.69% | 66.28% | 18.1 |
| ABT | 13 | $142,766 · 3% | $29,575 · 3% | $49,075 | 3.6% | — | 1.66x | 4.83x | $1,033 · 2% | $0 | 41.90% | 25.25% | 47.5 |
| JPM | 4 | $135,440 · 3% | $26,004 · 2% | $46,004 | 3.3% | — | 1.77x | 5.21x | $1,145 · 3% | $0 | 52.83% | 29.86% | 40.2 |
| IRENLT | 50 | $120,850 · 3% | $43,900 · 4% | $43,900 | 3.2% | — | 1.00x | 2.75x | $508 · 1% | $0 | 13.89% | 13.89% | 86.4 |
| PEP | 14 | $193,676 · 4% | $15,918 · 2% | $36,918 | 2.7% | — | 2.32x | 12.17x | $1,966 · 5% | $0 | 148.18% | 63.89% | 18.8 |
| AXP | 3 | $97,668 · 2% | $24,459 · 2% | $36,459 | 2.6% | — | 1.49x | 3.99x | $999 · 2% | $0 | 49.01% | 32.88% | 36.5 |
| TOTAL 18 tickers | 914 | $4,473,783 | $1,040,226 | $1,378,726 | 100% | — | 1.33x | 4.30x | $41,360 | $0 | — | — | — |
| Ticker | Contracts | Entry Price (u) | Today's Price | Safe Strike | Cost (Debit) | Invested Capital | Max Loss | Odds of Max Lossfinishing below barrier | Risk Mult | Notional Exposure | Leverage | Income (Monthly)forward est. | Income (Monthly)historical avg | ROI on IC | ROI on ML | Max Loss % of Total | Recovery (months) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SHORT TERM · income / covered-call book · 13 fortresses | |||||||||||||||||
| COIN | 10 | $146 | $145.45 | $143.68 | $88.68 | $88,680 | $103,680 | — | 1.17x | $145,880 | 1.65x | $4,428 | $0NEW | 59.92% | 51.25% | 7.52% | 23.4 |
| DELL | 3 | $407 | $408.40 | $398.75 | $137.50 | $41,250 | $92,250 | — | 2.24x | $122,226 | 2.96x | $3,888 | $0NEW | 113.11% | 50.58% | 6.69% | 23.7 |
| MCD | 10 | $262 | $263.04 | $261.19 | $31.19 | $31,190 | $91,190 | — | 2.92x | $262,360 | 8.41x | $345 | $0NEW | 13.27% | 4.54% | 6.61% | 264.3 |
| XOM | 14 | $178 | $177.46 | $175.78 | $25.78 | $36,092 | $78,092 | — | 2.16x | $249,844 | 6.92x | $2,268 | $0NEW | 75.41% | 34.85% | 5.66% | 34.4 |
| SPCX | 8 | $141 | $141.31 | $138.74 | $73.74 | $58,992 | $70,992 | — | 1.20x | $112,608 | 1.91x | $3,384 | $0NEW | 68.84% | 57.20% | 5.15% | 21.0 |
| CI | 7 | $295 | $295.44 | $290.30 | $60.30 | $42,210 | $70,210 | — | 1.66x | $206,269 | 4.89x | $215 | $0NEW | 6.12% | 3.68% | 5.09% | 326.0 |
| NVDA | 6 | $208 | $206.69 | $205.20 | $85.20 | $51,120 | $66,120 | — | 1.29x | $124,788 | 2.44x | $2,182 | $0NEW | 51.21% | 39.59% | 4.80% | 30.3 |
| LLY | 1 | $1,423 | $1,409.38 | $1,419.38 | $278.75 | $27,875 | $61,875 | — | 2.22x | $142,256 | 5.10x | $1,746 | $0NEW | 75.16% | 33.86% | 4.49% | 35.4 |
| MU | 1 | $861 | $855.10 | $844.99 | $444.99 | $44,499 | $53,499 | — | 1.20x | $86,066 | 1.93x | $2,955 | $0NEW | 79.69% | 66.28% | 3.88% | 18.1 |
| ABT | 13 | $110 | $109.40 | $107.75 | $22.75 | $29,575 | $49,075 | — | 1.66x | $142,766 | 4.83x | $1,033 | $0NEW | 41.90% | 25.25% | 3.56% | 47.5 |
| JPM | 4 | $339 | $337.98 | $335.01 | $65.01 | $26,004 | $46,004 | — | 1.77x | $135,440 | 5.21x | $1,145 | $0NEW | 52.83% | 29.86% | 3.34% | 40.2 |
| PEP | 14 | $138 | $137.27 | $136.37 | $11.37 | $15,918 | $36,918 | — | 2.32x | $193,676 | 12.17x | $1,966 | $0NEW | 148.18% | 63.89% | 2.68% | 18.8 |
| AXP | 3 | $326 | $325.50 | $321.53 | $81.53 | $24,459 | $36,459 | — | 1.49x | $97,668 | 3.99x | $999 | $0NEW | 49.01% | 32.88% | 2.64% | 36.5 |
| Short subtotal | 94 | — | — | — | — | $517,864 | $856,364 | — | 1.65x | $2,021,847 | 3.90x | $26,553 | $0 | 61.53% | 37.21% | 62.11% | 32.3 |
| LONG TERM · structural — capital gains, not CC income · 5 fortresses | |||||||||||||||||
| SPY | 12 | $763 | $754.35 | $869.30 | $134.30 | $161,160 | $161,160 | — | 1.00x | $915,768 | 5.68x | $5,436 | $0NEW | 40.48% | 40.48% | 11.69% | 29.6 |
| BMNR | 250 | $21 | $20.53 | $45.53 | $5.53 | $138,250 | $138,250 | 86%<$40 by Jan'29 | 1.00x | $516,750 | 3.74x | $1,944 | $0NEW | 16.87% | 16.87% | 10.03% | 71.1 |
| QQQ | 8 | $698 | $685.28 | $816.94 | $141.94 | $113,552 | $113,552 | — | 1.00x | $558,568 | 4.92x | $6,048 | $0NEW | 63.91% | 63.91% | 8.24% | 18.8 |
| MARA | 500 | $7 | $7.16 | $26.31 | $1.31 | $65,500 | $65,500 | — | 1.00x | $340,000 | 5.19x | $871 | $0NEW | 15.96% | 15.96% | 4.75% | 75.2 |
| IREN | 50 | $24 | $24.46 | $58.78 | $8.78 | $43,900 | $43,900 | — | 1.00x | $120,850 | 2.75x | $508 | $0NEW | 13.89% | 13.89% | 3.18% | 86.4 |
| Long subtotal | 820 | — | — | — | — | $522,362 | $522,362 | — | 1.00x | $2,451,936 | 4.69x | $14,807 | $0 | 34.02% | 34.02% | 37.89% | 35.3 |
| TOTAL | 914 | — | — | — | — | $1,040,226 | $1,378,726 | — | 1.33x | $4,473,783 | 4.30x | $41,360 | $0 | 47.71% | 36.00% | 100.00% | 33.3 |
| STOCKS (2) | 7 | — | — | — | — | $610,331 | $610,331 | kept out of the fortress totals above | |||||||||
| Cluster | Forts | Tickers | Max Loss | % of Book | ML Under Hedge (now) | ML Likely | Under / Likely / Rest |
|---|---|---|---|---|---|---|---|
| Crypto beta | 4 | BMNRCOINMARAIREN | $351,330 | 25% | — | $138,250 · 1 | |
| Index ETF | 2 | SPYQQQ | $274,712 | 20% | — | — | |
| Semis / AI infra | 3 | DELLNVDAMU | $211,869 | 15% | — | — | |
| Other | 8 | MCDXOMCILLYABTJPMPEPAXP | $469,823 | 34% | — | — | |
| Space / defense | 1 | SPCX | $70,992 | 5% | — | — |
| Ticker | Entry | Price | Notional MTM | CC Income | HP Rolls | DBB Cost | Net P&L | Recovery | Ann. ROI / Mths to Recover | Structure | IC / ML |
|---|
| Month | Fortresses | Capital (IC) | Capital (ML) | CC Income | ROI on IC | ROI on ML |
|---|---|---|---|---|---|---|
| Nov'26 (MTD) | 13 | $258,932 | $428,182 | +$0 | 0% | 0% |
| BLENDED (since Nov 2) | — | — | — | +$0 | 0% | 0% |
| ACTIVE, RECENT (3d) | 18 | $852,971 | $1,078,638 | +$0 | 0% | 0% |
| Fortresscontracts · account · LEAPS expiry · +LC −SP +HP · entry | Stocksince entry | Fortress Drawdownstructure · % of Max Loss · leg marks 2026-11-03/ Max Loss Left | CC Incomefortress lifetime · % of ML | Hedge + DBBHP rolls, un-cap buybacks | Net Drawdownafter CCs · % of ML | CushionCC ÷ drawdown |
|---|---|---|---|---|---|---|
| BMNR250cNeville:0865exp Jan'29 · 27moUNDERWATER +40C · 02 Nov'26 | −0.7% $20.67 → $20.53 | −$14,875 /$123,375−11% 89% leg marks | +$0 +0.0% | — | −$14,875 −10.8% | 0% |
| SPY12cJoint:1782exp Dec'28 · 25moUNDERWATER +735C · 02 Nov'26 | −1.2% $763.14 → $754.35 | −$9,648 /$151,512−6% 94% leg marks | +$0 +0.0% | — | −$9,648 −6.0% | 0% |
| QQQ8cJoint:1782exp Dec'28 · 25moUNDERWATER +675C · 02 Nov'26 | −1.9% $698.21 → $685.28 | −$9,640 /$103,912−8% 92% leg marks | +$0 +0.0% | — | −$9,640 −8.5% | 0% |
| COIN10cMain:1299exp Jan'29 · 27moUNDERWATER +55C −85P +70P · 03 Nov'26 | −0.3% $145.88 → $145.45 | −$5,292 /$98,388−5% 95% est. model IV 83% | +$0 +0.0% | — | −$5,292 −5.1% | 0% |
| MARA500cNeville:0865exp Dec'28 · 25moUNDERWATER +25C · 02 Nov'26 | +5.3% $6.80 → $7.16 | −$5,250 /$60,250−8% 92% leg marks | +$0 +0.0% | — | −$5,250 −8.0% | 0% |
| NVDA6cMain:1299exp Jan'29 · 27moUNDERWATER +120C −175P +150P · 03 Nov'26 | −0.6% $207.98 → $206.69 | −$3,505 /$62,615−5% 95% est. model IV 50% | +$0 +0.0% | — | −$3,505 −5.3% | 0% |
| SPCX8cMain:1299exp Jan'29 · 27moUNDERWATER +65C −100P +85P · 03 Nov'26 | +0.4% $140.76 → $141.31 | −$3,483 /$67,509−5% 95% est. model IV 68% | +$0 +0.0% | — | −$3,483 −4.9% | 0% |
| MU1cMain:1299exp Jan'29 · 27moUNDERWATER +400C −610P +520P · 03 Nov'26 | −0.6% $860.66 → $855.10 | −$3,089 /$50,410−6% 94% est. model IV 68% | +$0 +0.0% | — | −$3,089 −5.8% | 0% |
| LLY1cMain:1299exp Jan'29 · 27moUNDERWATER +1120C −1440P +1100P · 03 Nov'26 | −0.9% $1,422.56 → $1,409.38 | −$1,440 /$60,435−2% 98% est. model IV 40% | +$0 +0.0% | — | −$1,440 −2.3% | 0% |
| DELL3cMain:1299exp Jan'29 · 27moPROFIT +260C −400P +230P · 03 Nov'26 | +0.2% $407.42 → $408.40 | +$712 /$92,962+1% 101% est. model IV 67% | +$0 +0.0% | — | +$712 +0.8% | ✓ in profit |
| AXP3cMain:1299exp Jan'29 · 27moPROFIT +240C −320P +280P · 03 Nov'26 | −0.0% $325.56 → $325.50 | +$907 /$37,366+2% 102% est. model IV 30% | +$0 +0.0% | — | +$907 +2.5% | ✓ in profit |
| JPM4cMain:1299exp Jan'29 · 27moPROFIT +270C −330P +280P · 03 Nov'26 | −0.2% $338.60 → $337.98 | +$2,697 /$48,701+6% 106% est. model IV 31% | +$0 +0.0% | — | +$2,697 +5.9% | ✓ in profit |
| ABT13cMain:1299exp Jan'29 · 27moPROFIT +85C −105P +90P · 03 Nov'26 | −0.4% $109.82 → $109.40 | +$4,117 /$53,192+8% 108% est. model IV 31% | +$0 +0.0% | — | +$4,117 +8.4% | ✓ in profit |
| CI7cMain:1299exp Jan'29 · 27moPROFIT +230C −280P +240P · 03 Nov'26 | +0.3% $294.67 → $295.44 | +$5,871 /$76,081+8% 108% est. model IV 36% | +$0 +0.0% | — | +$5,871 +8.4% | ✓ in profit |
| XOM14cMain:1299exp Jan'29 · 27moPROFIT +150C −175P +145P · 03 Nov'26 | −0.6% $178.46 → $177.46 | +$9,421 /$87,513+12% 112% est. model IV 35% | +$0 +0.0% | — | +$9,421 +12.1% | ✓ in profit |
| MCD10cMain:1299exp Jan'29 · 27moPROFIT +230C −260P +200P · 03 Nov'26 | +0.3% $262.36 → $263.04 | +$10,666 /$101,856+12% 112% est. model IV 32% | +$0 +0.0% | — | +$10,666 +11.7% | ✓ in profit |
| PEP14cMain:1299exp Jan'29 · 27moPROFIT +125C −135P +120P · 03 Nov'26 | −0.8% $138.34 → $137.27 | +$12,857 /$49,775+35% 135% est. model IV 27% | +$0 +0.0% | — | +$12,857 +34.8% | ✓ in profit |
| IREN50cNeville:0865exp Jan'29 · 27moPROFIT +50C · 03 Nov'26 | +1.2% $24.17 → $24.46 | +$44,356 /$88,256+101% 201% est. model IV 169% | +$0 +0.0% | — | +$44,356 +101.0% | ✓ in profit |
| TOTAL 18 fortresses · ML $1,378,726 | −0.2% notional-weighted | +$35,382 /$1,414,108+3% 103% 4 of 18 on leg marks, 14 modelled | +$0 +0.0% | +$0 | +$35,382 +2.6% | 0% |
| Account | NLV (2026-11-03, live 15:59 ET) | Day change | Share |
|---|---|---|---|
| Main | $832,256 | −$13,180 (−1.56%) | 33.3% |
| Neville | $363,343 | +$25,580 (+7.57%) | 14.5% |
| Joint | $1,301,308 | +$6,621 (+0.51%) | 52.1% |
| Retired | $1,330 | +$123 (+10.15%) | 0.1% |
| TOTAL | $2,498,238 | +$19,144 (+0.77%) | 100% |