Fortress Portfolio

▸What Changed Since Last Run

✓ No movement since the last run (2026-07-08). Clean income steady at $417,919; trade log unchanged.

▸Portfolio

Ticker	Contracts	Entry Price (u)	Today's Price	Safe Strike	Cost (Debit)	Invested Capital	Max Loss	Risk Mult	Notional Exposure	Leverage	Income (Monthly)	ROI on IC	ROI on ML	Max Loss % of Total	Recovery (months)
SHORT TERM · income / covered-call book · 25 fortresses
MU	5	$1,050	$923.67	$1,028.60	$148.60	$74,300	$419,300	5.64x	$525,000	7.07x	$22,400	361.77%	64.11%	12.43%	18.7
GLD	10	$465	$369.87	$456.00	$136.00	$136,000	$256,000	1.88x	$465,000	3.42x	$61	0.54%	0.29%	7.59%	4,183.0
MU	2	$1,235	$923.67	$1,220.00	$250.00	$50,000	$198,000	3.96x	$247,000	4.94x	$3,187	76.48%	19.31%	5.87%	62.1
COIN	8	$211	$158.20	$210.90	$16.80	$13,440	$137,440	10.23x	$168,800	12.56x	$584	52.12%	5.10%	4.07%	235.4
META	3	$604	$604.36	$601.50	$73.00	$21,900	$117,900	5.38x	$181,200	8.27x	$3,110	170.43%	31.66%	3.49%	37.9
IREN	20	$65	$40.90	$63.43	$6.85	$13,700	$107,700	7.86x	$130,000	9.49x	$6,282*	550.29%*	70.00%*	3.19%	17.1
IREN	20	$58	$40.90	$56.50	$3.00	$6,000	$94,000	15.67x	$116,500	19.42x	$1,508	301.68%	19.26%	2.79%	62.3
DELL	3	$408	$423.14	$398.00	$58.00	$17,400	$89,400	5.14x	$122,400	7.03x	$5,610	386.90%	75.30%	2.65%	15.9
QCOM	5	$228	$183.42	$224.00	$34.00	$17,000	$77,000	4.53x	$114,000	6.71x	$912	64.38%	14.21%	2.28%	84.4
BMNR	50	$20	$14.14	$17.13	$6.25	$31,250	$71,250	2.28x	$97,500	3.12x	$450	17.28%	7.58%	2.11%	158.3
RKLB	6	$148	$81.51	$141.55	$26.55	$15,930	$69,930	4.39x	$88,800	5.57x	$4,079* PROXY	307.29%*	70.00%*	2.07%	17.1
AMZN	10	$238	$241.19	$256.25	$37.50	$37,500	$67,500	1.80x	$238,000	6.35x	$2,772	88.70%	49.28%	2.00%	24.4
MSTR	4	$163	$92.93	$161.00	$12.00	$4,800	$56,800	11.83x	$65,200	13.58x	$3,313* PROXY	828.33%*	70.00%*	1.68%	17.1
IREN	20	$45	$40.90	$44.00	$16.00	$32,000	$56,000	1.75x	$90,000	2.81x	$2,600	97.49%	55.71%	1.66%	21.5
IREN	20	$45	$40.90	$44.00	$16.00	$32,000	$56,000	1.75x	$90,000	2.81x	$2,600	97.49%	55.71%	1.66%	21.5
ETHA	50	$18	$12.95	$17.33	$4.33	$21,650	$51,650	2.39x	$88,400	4.08x	$3,013* PROXY	167.00%*	70.00%*	1.53%	17.1
CRWV	5	$128	$84.96	$125.45	$20.45	$10,225	$50,225	4.91x	$64,000	6.26x	$2,930* PROXY	343.84%*	70.00%*	1.49%	17.1
APP	1	$601	$510.42	$588.00	$128.00	$12,800	$48,300	3.77x	$60,100	4.70x	$660	61.88%	16.40%	1.43%	73.2
SOFI	35	$16	$17.17	$15.75	$5.75	$20,125	$48,125	2.39x	$56,000	2.78x	$1,103	65.76%	27.50%	1.43%	43.6
NOW	10	$108	$106.32	$108.93	$27.85	$27,850	$47,850	1.72x	$108,000	3.88x	$2,419	104.21%	60.65%	1.42%	19.8
ENPH	10	$59	$41.50	$56.15	$7.30	$7,300	$47,300	6.48x	$59,000	8.08x	$344	56.61%	8.74%	1.40%	137.3
INTC	5	$116	$105.22	$114.00	$29.00	$14,500	$47,000	3.24x	$58,250	4.02x	$1,818	150.46%	46.42%	1.39%	25.9
COIN	3	$185	$158.20	$182.40	$19.80	$5,940	$43,440	7.31x	$55,500	9.34x	$728	147.03%	20.10%	1.29%	59.7
NEM	5	$117	$91.76	$114.54	$27.04	$13,520	$28,520	2.11x	$58,500	4.33x	$61	5.43%	2.58%	0.85%	466.0
MDB	1	$380	$354.98	$362.90	$92.90	$9,290	$28,290	3.05x	$38,000	4.09x	$760	98.20%	32.25%	0.84%	37.2
Short subtotal	311	—	—	—	—	$646,420	$2,314,920	3.58x	$3,385,150	5.24x	$73,305	136.08%	38.00%	68.60%	31.6
LONG TERM · structural — capital gains, not CC income · 12 fortresses
GLXY	125	$37	$23.77	$39.71	$2.21	$27,625	$277,625	10.05x	$462,500	16.74x	$2,858	124.17%	12.36%	8.23%	97.1
GOOG	15	$335	$358.33	$373.00	$73.00	$109,500	$162,000	1.48x	$502,500	4.59x	$5,940	65.10%	44.00%	4.80%	27.3
SPY	12	$695	$740.91	$764.00	$124.00	$148,800	$148,800	1.00x	$834,000	5.60x	$4,450	35.88%	35.88%	4.41%	33.4
COPX	20	$93	$71.21	$93.40	$28.40	$56,800	$100,800	1.77x	$186,000	3.27x	$245	5.18%	2.92%	2.99%	410.8
GOOG	10	$335	$358.33	$392.50	$82.50	$82,500	$82,500	1.00x	$335,000	4.06x	$3,960	57.60%	57.60%	2.44%	20.8
RIOT	50	$14	$20.77	$23.65	$-9.70	$-48,500	$66,500	-1.37x	$70,000	-1.44x	$2,300	-56.90%	41.50%	1.97%	28.9
GOOG	5	$369	$358.33	$398.00	$51.00	$25,500	$48,000	1.88x	$184,500	7.24x	$1,980	93.18%	49.50%	1.42%	24.2
SPCX	5	$178	$149.48	$186.00	$27.00	$13,500	$43,500	3.22x	$89,000	6.59x	$956	85.01%	26.38%	1.29%	45.5
GOOG	5	$335	$358.33	$392.50	$82.50	$41,250	$41,250	1.00x	$167,500	4.06x	$1,980	57.60%	57.60%	1.22%	20.8
IGV	12	$85	$91.34	$96.50	$26.50	$31,800	$31,800	1.00x	$102,000	3.21x	$840	31.70%	31.70%	0.94%	37.9
HIMS	15	$20	$34.62	$17.47	$4.93	$7,395	$29,895	4.04x	$30,000	4.06x	$2,220	360.24%	89.11%	0.89%	13.5
CLSK	25	$17	$12.03	$20.74	$3.74	$9,350	$26,850	2.87x	$42,500	4.55x	$196	25.10%	8.74%	0.80%	137.3
Long subtotal	299	—	—	—	—	$505,520	$1,059,520	2.10x	$3,005,500	5.95x	$27,925	66.29%	31.63%	31.40%	37.9
TOTAL	610	—	—	—	—	$1,151,940	$3,374,440	2.93x	$6,390,650	5.55x	$101,230*	105.45%*	36.00%*	100.00%	33.3

Income Methodology: Monthly income is a forward-looking projection from CC scanner sweet-spot data (or balanced/max_income fallback within the same chain) times a 60% realization factor. Apportioned per fortress block by share count when a ticker has multiple active blocks.

Why scanner-only: realized CC P&L mixes pure premium income with defensive costs (buyback-to-cover, roll-downs, exits to free up the underlying for structural gains). Those defensive moves are part of fortress P&L, not recurring CC income.
Tickers marked * use a 70.00% annual ROI proxy (no CC scanner data; Max Loss x 70% / 12).

PROXY Scanner has no data for this ticker. Income is estimated as Max Loss × 70% / 12 (ML-based, so credit fortresses with low/negative IC still get a sensible figure).

▸Income Projection

✓ CHECK ERRORS — clean. No negative CC/Put premiums in the trade log.

Jul'26 Income Projection

realized so far + premium on open CCs expiring this month (income fortresses) · as of today's prices

$56,078 – $62,078

projected Jul'26 (conservative – optimistic)

$36,430

Realized

booked this Jul

$25,648

Pipeline

open CCs expiring Jul

$0

Next Month Forecast

open CCs expiring Aug'26

Done (realized) $36,430 Pipeline — safe $19,648 Pipeline — at-risk $6,000

Open CCs (safe, OTM)GLD $410c · +$1,650GOOG $380c · +$3,945IREN $60c · +$1,280APP $600c · +$435META $630c · +$3,198DELL $450c · +$534NEM $98c · +$460MDB $410c · +$35COIN $215c · +$536QCOM $208c · +$1,525RKLB $101c · +$738IGV $100c · +$1,164AMZN $252c · +$1,260MSTR $112c · +$308IREN $55c · +$1,000IREN $55c · +$1,000IREN $48c · +$580

Open CCs (at-risk, ITM)MU $965c · +$2,950RKLB $115c · +$3,050

Contribution by ticker — realized + pipeline + next month forecast

Ticker	Realized	Pipeline	Next Month Forecast	Total
MU	$15,516	$2,950	—	$18,466
RKLB	$5,050	$3,788	—	$8,838
IREN	$3,800	$3,860	—	$7,660
GOOG	$2,265	$3,945	—	$6,210
META	—	$3,198	—	$3,198
AMZN	$1,530	$1,260	—	$2,790
GLD	$765	$1,650	—	$2,415
QCOM	$850	$1,525	—	$2,375
INTC	$1,960	—	—	$1,960
MSTR	$1,196	$308	—	$1,504
SPY	$1,308	—	—	$1,308
IGV	—	$1,164	—	$1,164
CRWV	$1,030	—	—	$1,030
COIN	$375	$536	—	$911
ENPH	$800	—	—	$800
RIOT	$775	—	—	$775
SPCX	$660	—	—	$660
DELL	—	$534	—	$534
NEM	—	$460	—	$460
APP	—	$435	—	$435
MDB	—	$35	—	$35

Conservative = realized + only the safe (OTM) open CCs — assumes every in-the-money CC gets bought back / rolled to defend the shares, so it lands as $0 income.

Optimistic = conservative plus the at-risk (ITM) CCs kept in full — assumes every open CC expires in your favour and you keep 100% of the premium.

Reality usually lands between the two: some ITM calls drift back OTM by expiry, some get defended.

59% of the optimistic projection is already realized. Pipeline = premium on open CCs expiring this month ("safe" = stock below strike, likely expires worthless; "at-risk" = stock at/above strike, may be defended). The Aug'26 Next Month Forecast is premium on open CCs expiring early next month that could be closed before Jul month-end — shown separately, not in the headline. $1,685 of open-CC premium on defensive/structural tickers is excluded.

▸Monthly DONE Trade Snapshot

Realized CLEAN income by month — income tickers only (defensive/structural excluded), a trade bought back at a net loss contributes 0. Month totals reconcile to the Monthly CC Income ROI table. Current month is in the CC Income Projection above. Click a month to expand.

Jun'2630 tickers · 70 tradesnet $79,787

Ticker	Trades	Premium	Buyback	Clean
MU	11	$31,630	$-6,495	$25,135
RKLB	6	$15,201	$-2,881	$12,320
QCOM	4	$5,680	$-490	$5,190
MRVL	1	$4,410	$0	$4,410
AMD	3	$4,237	$-251	$3,986
META	4	$4,119	$-273	$3,846
INTC	4	$4,705	$-1,480	$3,225
GOOG	2	$3,200	$0	$3,200
COPX	2	$3,440	$-460	$2,980
APP	3	$2,754	$-241	$2,513
IREN	4	$4,450	$-1,950	$2,500
BMNR	3	$3,750	$-1,450	$2,300
CRWV	2	$2,250	$-500	$1,750
MDB	2	$1,500	$-77	$1,423
SPCX	1	$1,975	$-660	$1,315
COIN	2	$2,045	$-778	$1,267
TSLA	1	$2,250	$-990	$1,260
AMZN	1	$1,300	$-110	$1,190
IBIT	1	$2,070	$-882	$1,188
TE	1	$1,050	$-150	$900
ENPH	2	$950	$-80	$870
MSTR	1	$840	$-260	$580
NEM	1	$900	$-350	$550
GLD	2	$2,600	$-2,100	$500
HOOD	1	$496	$0	$496
DELL	1	$1,800	$-1,305	$495
HIMS	1	$750	$-450	$300
AVGO	1	$430	$-184	$246
SPY	1	$3,960	$-4,908	$-948
NOW	1	$-4,850	$-350	$-5,200
TOTAL	70	$109,892	$-30,105	$79,787

May'2622 tickers · 35 tradesnet $24,285

Ticker	Trades	Premium	Buyback	Clean
MU	5	$14,040	$-844	$13,196
GOOG	2	$7,200	$-2,190	$5,010
FSLR	3	$3,225	$-125	$3,100
IREN	2	$2,480	$-80	$2,400
COPX	3	$7,370	$-5,450	$1,920
COIN	1	$1,680	$-200	$1,480
PLTR	1	$1,500	$-230	$1,270
BMNR	1	$2,000	$-750	$1,250
GLD	1	$1,520	$-390	$1,130
INTC	1	$1,325	$-215	$1,110
SPY	1	$1,260	$-240	$1,020
ASTS	1	$805	$0	$805
TSLA	1	$775	$0	$775
MRVL	1	$540	$-18	$522
NVDA	1	$1,200	$-720	$480
NEM	1	$660	$-1,125	$-465
UAMY	1	$1,625	$-2,350	$-725
CIFR	2	$1,375	$-2,250	$-875
ARM	1	$710	$-1,900	$-1,190
RKLB	2	$1,300	$-3,410	$-2,110
HOOD	2	$1,368	$-3,720	$-2,352
AVGO	1	$-120	$-3,346	$-3,466
TOTAL	35	$53,838	$-29,553	$24,285

Apr'2630 tickers · 55 tradesnet $63,060

Ticker	Trades	Premium	Buyback	Clean
GOOG	2	$11,800	$0	$11,800
NVDA	2	$11,315	$0	$11,315
COIN	2	$6,920	$0	$6,920
GLD	5	$6,465	$-1,505	$4,960
COPX	2	$6,438	$-1,496	$4,942
TLT	2	$6,600	$-2,300	$4,300
QQQ	2	$4,060	$-130	$3,930
MSTR	2	$3,340	$0	$3,340
SPY	1	$2,750	$0	$2,750
MU	1	$2,340	$0	$2,340
SLV	3	$2,610	$-285	$2,325
IREN	3	$4,240	$-2,100	$2,140
IWM	1	$2,000	$0	$2,000
PLTR	1	$1,800	$0	$1,800
AMD	1	$1,660	$0	$1,660
MSFT	2	$1,565	$0	$1,565
NFLX	2	$1,400	$0	$1,400
RKLB	1	$1,350	$0	$1,350
NOW	2	$3,180	$-1,950	$1,230
NEM	2	$1,025	$-150	$875
AVGO	1	$812	$0	$812
CIFR	1	$1,200	$-400	$800
FSLR	1	$500	$-15	$485
BMNR	2	$5,175	$-5,400	$-225
TSLA	3	$-250	$0	$-250
IBIT	1	$1,050	$-1,470	$-420
HIMS	1	$525	$-2,145	$-1,620
SOFI	2	$1,620	$-3,570	$-1,950
GDX	2	$2,196	$-4,254	$-2,058
HOOD	2	$3,000	$-8,456	$-5,456
TOTAL	55	$98,686	$-35,626	$63,060

Mar'2617 tickers · 45 tradesnet $99,190

Ticker	Trades	Premium	Buyback	Clean
GOOG	3	$27,880	$-2,560	$25,320
QQQ	4	$10,220	$-690	$9,530
NVDA	5	$10,805	$-3,775	$7,030
IWM	2	$7,000	$-80	$6,920
COIN	4	$9,575	$-3,420	$6,155
TLT	2	$6,000	$0	$6,000
COPX	2	$13,250	$-7,250	$6,000
IGV	2	$5,900	$0	$5,900
SPY	3	$6,850	$-2,050	$4,800
IREN	3	$4,340	$0	$4,340
GLD	2	$3,500	$0	$3,500
MSTR	2	$3,570	$-190	$3,380
MSFT	3	$4,640	$-1,495	$3,145
TSLA	3	$2,820	$-150	$2,670
NOW	2	$2,450	$-150	$2,300
XLE	2	$3,550	$-1,850	$1,700
ETHA	1	$500	$0	$500
TOTAL	45	$122,850	$-23,660	$99,190

Feb'2617 tickers · 42 tradesnet $115,167

Ticker	Trades	Premium	Buyback	Clean
GOOG	7	$43,040	$-8,840	$34,200
COPX	1	$19,500	$0	$19,500
GLD	2	$11,090	$-1,494	$9,596
IREN	2	$7,000	$-520	$6,480
NVDA	4	$25,585	$-19,334	$6,251
MSTR	3	$6,750	$-820	$5,930
TSLA	7	$16,810	$-11,550	$5,260
COIN	3	$8,910	$-3,780	$5,130
IWM	2	$5,020	$0	$5,020
IGV	2	$4,150	$0	$4,150
NFLX	2	$5,620	$-2,400	$3,220
TLT	1	$3,200	$0	$3,200
QQQ	2	$2,820	$0	$2,820
SPY	1	$2,300	$0	$2,300
XOM	1	$1,890	$-710	$1,180
EOSE	1	$600	$0	$600
XLP	1	$1,650	$-1,320	$330
TOTAL	42	$165,935	$-50,768	$115,167

Jan'268 tickers · 28 tradesnet $115,659

Ticker	Trades	Premium	Buyback	Clean
GOOG	15	$87,140	$-27,938	$59,202
COIN	3	$58,540	$-28,030	$30,510
NVDA	4	$26,937	$-4,965	$21,972
BMNR	2	$2,925	$-400	$2,525
ETHA	1	$1,000	$0	$1,000
AFRM	1	$700	$0	$700
TSLA	1	$2,000	$-1,675	$325
NVDA-NC	1	$1,640	$-2,215	$-575
TOTAL	28	$180,882	$-65,223	$115,659

▸Mark-to-Market Analysis

CC Income Payback of Invested Capital

Notional MTM = (today − entry) × shares. Net P&L = MTM + CC income + HP rolls − DBB un-cap cost, since entry. DBB = cash spent buying back a short call to un-cap a winner (structural, kept out of CC income but real money out). Recovery % = CC income ÷ notional drawdown. Income is attributed time-aware across ALL same-ticker fortress windows (active and exited) — each trade lands on exactly one row, split only when fortresses genuinely overlapped. Exited (DONE) fortresses show their close date + the IC/ML deployed during that exact [entry → exit] window; their capital is dimmed and excluded from the active-book TOTAL.

Ticker	Entry	Exit	Structure	Ctr	IC / ML	Price	Notional MTM	CC Income	HP Rolls	DBB Cost	Net P&L	Recovery	Ann. ROI

▸Income ROI (Historical)

Income ROI (Historical) — on actuals

Net CC income (46 income tickers, real losses included) · 2 zero-premium structural-LEAPS excluded from capital · capital weighted by days deployed

Month	Fortresses	Capital (IC)	Capital (ML)	CC Income	ROI on IC	ROI on ML
Feb'26	20	$1,185,916	$1,895,841	+$115,167	127%	79%
Mar'26	22	$1,578,883	$2,440,034	+$99,190	74%	48%
Apr'26	40	$1,248,742	$2,462,172	+$63,060	61%	31%
May'26	49	$1,083,220	$2,432,284	+$24,285	26%	12%
Jun'26	45	$1,111,804	$2,969,888	+$79,787	87%	33%
Jul'26 (MTD)	35	$1,114,965	$3,069,965	+$36,430	149%	54%
BLENDED	—	—	—	+$417,919	78%	39%

ROI annualized: (CC income ÷ avg capital) × 365/days in period. Current month uses elapsed days. Blended = total CC income × 365 ÷ total capital-days. A ticker is defensive/structural if its CCs net cost money (run-overs > clean premium); those tickers' income AND capital are excluded here — they belong to structural P&L, not CC income.

▸Active Book — CC Income vs Drawdown

Live Drawdown

−$816,956

20 of 29 fortresses underwater

Net CC Premium

+$143,020

premium net of buybacks

Drawdown Cushioned

18%

net CC ÷ drawdown

Net Live Position

−$529,619

MTM + CC income + HP rolls

Active drawdown of $816,956 — cushioned by net CC premium

+$143,020 net · 18% covered

Ticker	MTM (live P&L)	Net CC Premium	Cushion (net CC ÷ drawdown)
GLXYUNDERWATER	−$165,375	+$0	0%
MU×2UNDERWATER	−$125,428	+$18,126	14%
IREN×4UNDERWATER	−$99,300	+$21,660	22%
GLDUNDERWATER	−$95,130	+$18,855	20%
COIN×2UNDERWATER	−$50,280	+$3,122	6%
COPXUNDERWATER	−$43,580	+$4,000	9%
RKLBUNDERWATER	−$39,892	+$17,046	43%
MSTRUNDERWATER	−$28,026	+$280	1%
BMNRUNDERWATER	−$26,800	+$3,125	12%
ETHAUNDERWATER	−$23,650	+$500	2%
QCOMUNDERWATER	−$22,290	+$6,040	27%
CRWVUNDERWATER	−$21,520	+$2,780	13%
ENPHUNDERWATER	−$17,500	+$1,670	10%
SPCXUNDERWATER	−$14,262	+$1,975	14%
NEMUNDERWATER	−$12,620	+$960	8%
CLSKUNDERWATER	−$12,425	+$0	0%
APPUNDERWATER	−$9,058	+$1,442	16%
INTCRECOVERED	−$5,640	+$6,295	112%
MDBRECOVERING	−$2,502	+$1,423	57%
NOWUNDERWATER	−$1,678	−$1,520	-91%
METAPROFIT	+$108	+$3,846	✓ in profit
AMZNPROFIT	+$3,186	+$2,720	✓ in profit
SOFIPROFIT	+$4,093	+$455	✓ in profit
DELLPROFIT	+$4,542	+$495	✓ in profit
IGVPROFIT	+$7,608	+$6,600	✓ in profit
HIMSPROFIT	+$21,930	−$1,320	✓ in profit
RIOTPROFIT	+$33,850	+$775	✓ in profit
SPYPROFIT	+$55,093	+$11,230	✓ in profit
GOOG×4PROFIT	+$64,638	+$10,440	✓ in profit

Active fortresses only (exited/closed positions excluded). MTM = (today − entry) × shares (paper, not realized). Net CC Premium = premium collected − buybacks (can be +, −, or 0). Cushion = Net CC Premium ÷ notional drawdown. Sorted by deepest drawdown first.

▸Trading Returns

Trading Returns (SGD)

      SGD
      USD
    

Realized returns from trade logs, 7 months | 68 tickers

Ticker	Jan'26	Feb'26	Mar'26	Apr'26	May'26	Jun'26	Jul'26	Total	W/L

▸CC Income Forecast

CC Income Projection (forward-looking estimate)

Methodology (scanner-universal)

01CC scanner snapshot picks the sweet-spot strike per ticker (fallback: balanced, then max_income)

02Base monthly income = scanner prorated_monthly × 60% realization factor

03Scenarios = base × 0.65 (conservative) and base × 1.25 (optimistic)

04Trade history shown for context only — not used in the projection

Conservative — base × 0.65 Base case — scanner × 60% Optimistic — base × 1.25 PROXY No scanner data — IC fallback

  309 actual trades · Jun 26 - Jul 08, 2026 · 29 positions