CURRENT POSITION
| Leg | Strike | Expiry | DTE | Qty |
Mid | Intrinsic | Time Val | Delta | Unrealized |
|---|
| HP | $50.0P | Dec'27 | 618d | +50 | $15.950 | $9.580 | $6.370 | -0.473 | $35,832 |
| SP | $65.0P | Dec'27 | 618d | -50 | $27.075 | $24.580 | $2.495 | -0.661 | $-57,972 |
| LC | $80.0C | Dec'27 | 618d | +50 | $3.850 | $0.000 | $3.850 | 0.296 | $-74,183 |
RESTRUCTURE (ROLL)
Put SpreadEXHAUSTED (100% of max loss)
LC VitalityMODERATE (delta 0.296)
SP DepthDEEP ITM (61%)
TimeSTRONG (618d remaining)
Break-Even$92 (2.3x stock)
StructureSS 2.3x stock ($92)
CrossoverAI pick wins above $75 (1.9x stock)
Current Max Loss: $133,656 | Current Recovery: $92 | 244,390 candidates evaluated
BEST FOR CREDIT
LC $75C / SP $100P / HP $70P (FULL)
Maximizes cash returned. You collect CR $70,750 (53% of current ML back). No new capital into the trade.
CostCR $70,750
ML Change+$4,250
Recovery$92 -> $86.3
Safe Strike$86.3
Delta28.9
Margin-$4,241
Close:
Sell 50x 80C @ $3.75Buy 50x 65P @ $27.75Sell 50x 50P @ $15.60Open:
Buy 50x Dec 17 '27 $75C @ $4.50Sell 50x Dec 17 '27 $100P @ $58.95Buy 50x Dec 17 '27 $70P @ $31.90P&L Scenarios (Current BE: $92 | Repair BE: $86)
| Stock | Change | P&L | Do Nothing | Diff |
|---|
| $0.40 | -99% | $-137,906 | $-133,656 | $-4,250 |
| $10.11 | -75% | $-137,906 | $-133,656 | $-4,250 |
| $20.21 | -50% | $-137,906 | $-133,656 | $-4,250 |
| $32.34 | -20% | $-137,906 | $-133,656 | $-4,250 |
| $40.42 | 0% | $-137,906 | $-133,656 | $-4,250 |
| $50.00 | 24% | $-137,906 | $-133,656 | $-4,250 |
| $50.53 | 25% | $-137,906 | $-131,006 | $-6,900 |
| $60.63 | 50% | $-137,906 | $-80,506 | $-57,400 |
| $65.00 | 61% | $-137,906 | $-58,656 | $-79,250 |
| $70.00 | 73% | $-137,906 | $-58,656 | $-79,250 |
| $75.00 | 86% | $-112,906 | $-58,656 | $-54,250 |
| $80.00 | 98% | $-62,906 | $-58,656 | $-4,250 |
| $80.84 | 100% | $-54,506 | $-54,456 | $-50 |
| $86.29 ◀ | 113% | $-54,506 | $-54,456 | $-50 |
| $100.00 | 147% | $137,094 | $46,594 | $+90,500 |
| $101.05 | 150% | $142,344 | $46,594 | $+95,750 |
| $121.26 | 200% | $243,394 | $147,644 | $+95,750 |
| $161.68 | 300% | $445,494 | $349,744 | $+95,750 |
| $202.10 | 400% | $647,594 | $551,844 | $+95,750 |
BEST FOR MARGIN
LC $75C / SP $100P / HP $85P (FULL)
Lowest ML increase among all credit candidates. ML change +$-2,000 (-1% increase vs current $133,656). Still collects CR $2,000.
CostCR $2,000
ML Change-$2,000
Recovery$92 -> $93.2
Safe Strike$93.2
Delta22.0
Margin-$11,392
Close:
Sell 50x 80C @ $3.75Buy 50x 65P @ $27.75Sell 50x 50P @ $15.60Open:
Buy 50x Dec 17 '27 $75C @ $4.50Sell 50x Dec 17 '27 $100P @ $58.95Buy 50x Dec 17 '27 $85P @ $45.65P&L Scenarios (Current BE: $92 | Repair BE: $93)
| Stock | Change | P&L | Do Nothing | Diff |
|---|
| $0.40 | -99% | $-131,656 | $-133,656 | $+2,000 |
| $10.11 | -75% | $-131,656 | $-133,656 | $+2,000 |
| $20.21 | -50% | $-131,656 | $-133,656 | $+2,000 |
| $32.34 | -20% | $-131,656 | $-133,656 | $+2,000 |
| $40.42 | 0% | $-131,656 | $-133,656 | $+2,000 |
| $50.00 | 24% | $-131,656 | $-133,656 | $+2,000 |
| $50.53 | 25% | $-131,656 | $-131,006 | $-650 |
| $60.63 | 50% | $-131,656 | $-80,506 | $-51,150 |
| $65.00 | 61% | $-131,656 | $-58,656 | $-73,000 |
| $75.00 | 86% | $-131,656 | $-58,656 | $-73,000 |
| $80.00 | 98% | $-106,656 | $-58,656 | $-48,000 |
| $80.84 | 100% | $-102,456 | $-54,456 | $-48,000 |
| $85.00 | 110% | $-81,656 | $-54,456 | $-27,200 |
| $93.17 ◀ | 131% | $68,344 | $46,594 | $+21,750 |
| $100.00 | 147% | $68,344 | $46,594 | $+21,750 |
| $101.05 | 150% | $73,594 | $46,594 | $+27,000 |
| $121.26 | 200% | $174,644 | $147,644 | $+27,000 |
| $161.68 | 300% | $376,744 | $349,744 | $+27,000 |
| $202.10 | 400% | $578,844 | $551,844 | $+27,000 |
BEST FOR RECOVERY
LC $47C / SP $68P / HP $40P (FULL)
Lowest recovery among credit candidates with ML increase under 50% of current ML. Recovery at $63.4 (1.6x stock), collects CR $0, ML change +$65,000.
CostCR $0
ML Change+$65,000
Recovery$92 -> $63.4
Safe Strike$63.4
Delta48.1
Margin+$34,982
Close:
Sell 50x 80C @ $3.75Buy 50x 65P @ $27.75Sell 50x 50P @ $15.60Open:
Buy 50x Dec 17 '27 $47C @ $10.40Sell 50x Dec 17 '27 $68P @ $28.85Buy 50x Dec 17 '27 $40P @ $10.05P&L Scenarios (Current BE: $92 | Repair BE: $63)
| Stock | Change | P&L | Do Nothing | Diff |
|---|
| $0.40 | -99% | $-198,656 | $-133,656 | $-65,000 |
| $10.11 | -75% | $-198,656 | $-133,656 | $-65,000 |
| $20.21 | -50% | $-198,656 | $-133,656 | $-65,000 |
| $32.34 | -20% | $-198,656 | $-133,656 | $-65,000 |
| $40.00 | -1% | $-198,656 | $-133,656 | $-65,000 |
| $40.42 | 0% | $-196,556 | $-133,656 | $-62,900 |
| $47.00 | 16% | $-163,656 | $-133,656 | $-30,000 |
| $50.00 | 24% | $-133,656 | $-133,656 | $+0 |
| $50.53 | 25% | $-128,356 | $-131,006 | $+2,650 |
| $60.63 | 50% | $-27,356 | $-80,506 | $+53,150 |
| $63.37 ◀ | 57% | $16,344 | $-58,656 | $+75,000 |
| $65.00 | 61% | $16,344 | $-58,656 | $+75,000 |
| $68.00 | 68% | $46,344 | $-58,656 | $+105,000 |
| $80.00 | 98% | $106,344 | $-58,656 | $+165,000 |
| $80.84 | 100% | $110,544 | $-54,456 | $+165,000 |
| $101.05 | 150% | $211,594 | $46,594 | $+165,000 |
| $121.26 | 200% | $312,644 | $147,644 | $+165,000 |
| $161.68 | 300% | $514,744 | $349,744 | $+165,000 |
| $202.10 | 400% | $716,844 | $551,844 | $+165,000 |
BEST ROLL (RS)
LC $78C / SP $97P / HP $67P (ROLL)
Best roll candidate scored with restructure logic (cost/ML/recovery/delta). Rolls to Jan '28 (653d DTE). Collects CR $64,500, ML change +$10,500. Recovery at $86.9 (2.2x stock). Dead zone: $0.
CostCR $64,500
ML Change+$10,500
Recovery$92 -> $86.9
Safe Strike$86.9
Delta29.3
Margin-$12
Close:
Sell 50x 80C @ $3.75Buy 50x 65P @ $27.75Sell 50x 50P @ $15.60Open:
Buy 50x Jan 21 '28 $78C @ $4.55Sell 50x Jan 21 '28 $97P @ $55.55Buy 50x Jan 21 '28 $67P @ $29.70P&L Scenarios (Current BE: $92 | Repair BE: $87)
| Stock | Change | P&L | Do Nothing | Diff |
|---|
| $0.40 | -99% | $-144,156 | $-133,656 | $-10,500 |
| $10.11 | -75% | $-144,156 | $-133,656 | $-10,500 |
| $20.21 | -50% | $-144,156 | $-133,656 | $-10,500 |
| $32.34 | -20% | $-144,156 | $-133,656 | $-10,500 |
| $40.42 | 0% | $-144,156 | $-133,656 | $-10,500 |
| $50.00 | 24% | $-144,156 | $-133,656 | $-10,500 |
| $50.53 | 25% | $-144,156 | $-131,006 | $-13,150 |
| $60.63 | 50% | $-144,156 | $-80,506 | $-63,650 |
| $65.00 | 61% | $-144,156 | $-58,656 | $-85,500 |
| $67.00 | 66% | $-144,156 | $-58,656 | $-85,500 |
| $78.00 | 93% | $-89,156 | $-58,656 | $-30,500 |
| $80.00 | 98% | $-69,156 | $-58,656 | $-10,500 |
| $80.84 | 100% | $-60,756 | $-54,456 | $-6,300 |
| $86.92 ◀ | 115% | $-60,756 | $-54,456 | $-6,300 |
| $97.00 | 140% | $100,844 | $46,594 | $+54,250 |
| $101.05 | 150% | $121,094 | $46,594 | $+74,500 |
| $121.26 | 200% | $222,144 | $147,644 | $+74,500 |
| $161.68 | 300% | $424,244 | $349,744 | $+74,500 |
| $202.10 | 400% | $626,344 | $551,844 | $+74,500 |
BEST ROLL (Original)
LC $100C / SP $90P / HP $60P (ROLL)
Best roll candidate by original roll scoring (cost/ML/margin-proxy/recovery/delta). Rolls to Jun '28 (800d DTE). Collects CR $61,500, ML change +$13,500. Recovery at $89.4 (2.2x stock). Original roll_score: 85.2.
CostCR $61,500
ML Change+$13,500
Recovery$92 -> $89.4
Safe Strike$99.4
Delta27.9
Margin+$6,464
Close:
Sell 50x 80C @ $3.75Buy 50x 65P @ $27.75Sell 50x 50P @ $15.60Open:
Buy 50x Jun 16 '28 $100C @ $4.10Sell 50x Jun 16 '28 $90P @ $49.90Buy 50x Jun 16 '28 $60P @ $25.10P&L Scenarios (Current BE: $92 | Repair BE: $89)
| Stock | Change | P&L | Do Nothing | Diff |
|---|
| $0.40 | -99% | $-147,156 | $-133,656 | $-13,500 |
| $10.11 | -75% | $-147,156 | $-133,656 | $-13,500 |
| $20.21 | -50% | $-147,156 | $-133,656 | $-13,500 |
| $32.34 | -20% | $-147,156 | $-133,656 | $-13,500 |
| $40.42 | 0% | $-147,156 | $-133,656 | $-13,500 |
| $50.00 | 24% | $-147,156 | $-133,656 | $-13,500 |
| $50.53 | 25% | $-147,156 | $-131,006 | $-16,150 |
| $60.00 | 48% | $-147,156 | $-80,506 | $-66,650 |
| $60.63 | 50% | $-144,006 | $-80,506 | $-63,500 |
| $65.00 | 61% | $-122,156 | $-58,656 | $-63,500 |
| $80.00 | 98% | $-47,156 | $-58,656 | $+11,500 |
| $80.84 | 100% | $-42,956 | $-54,456 | $+11,500 |
| $89.43 ◀ | 121% | $2,844 | $-54,456 | $+57,300 |
| $90.00 | 123% | $2,844 | $-54,456 | $+57,300 |
| $100.00 | 147% | $2,844 | $46,594 | $-43,750 |
| $101.05 | 150% | $8,094 | $46,594 | $-38,500 |
| $121.26 | 200% | $109,144 | $147,644 | $-38,500 |
| $161.68 | 300% | $311,244 | $349,744 | $-38,500 |
| $202.10 | 400% | $513,344 | $551,844 | $-38,500 |
AI TOP PICK
LC $62C / SP $100P / HP $70P (FULL)
Selected because it collects CR $60,750 (45% of ML). ML increase +$14,250 (11%). recovery at $81 (2.0x stock), and no dead zone (every dollar of upside generates P&L). Best Credit ($70,750 CR) has $10,000 more credit but recovery at $86 vs $81. Best Recovery ($63) has $17 lower break-even but collects $60,750 less credit.
CostCR $60,750
ML Change+$14,250
Recovery$92 -> $80.8
Safe Strike$80.8
Delta34.3
Margin+$4,410
Close:
Sell 50x 80C @ $3.75Buy 50x 65P @ $27.75Sell 50x 50P @ $15.60Open:
Buy 50x Dec 17 '27 $62C @ $6.50Sell 50x Dec 17 '27 $100P @ $58.95Buy 50x Dec 17 '27 $70P @ $31.90P&L Scenarios (Current BE: $92 | Repair BE: $81)
| Stock | Change | P&L | Do Nothing | Diff |
|---|
| $0.40 | -99% | $-147,906 | $-133,656 | $-14,250 |
| $10.11 | -75% | $-147,906 | $-133,656 | $-14,250 |
| $20.21 | -50% | $-147,906 | $-133,656 | $-14,250 |
| $32.34 | -20% | $-147,906 | $-133,656 | $-14,250 |
| $40.42 | 0% | $-147,906 | $-133,656 | $-14,250 |
| $50.00 | 24% | $-147,906 | $-133,656 | $-14,250 |
| $50.53 | 25% | $-147,906 | $-131,006 | $-16,900 |
| $60.63 | 50% | $-147,906 | $-80,506 | $-67,400 |
| $62.00 | 53% | $-147,906 | $-80,506 | $-67,400 |
| $65.00 | 61% | $-132,906 | $-58,656 | $-74,250 |
| $70.00 | 73% | $-107,906 | $-58,656 | $-49,250 |
| $80.00 | 98% | $-7,906 | $-58,656 | $+50,750 |
| $80.79 ◀ | 100% | $494 | $-54,456 | $+54,950 |
| $80.84 ◀ | 100% | $494 | $-54,456 | $+54,950 |
| $100.00 | 147% | $192,094 | $46,594 | $+145,500 |
| $101.05 | 150% | $197,344 | $46,594 | $+150,750 |
| $121.26 | 200% | $298,394 | $147,644 | $+150,750 |
| $161.68 | 300% | $500,494 | $349,744 | $+150,750 |
| $202.10 | 400% | $702,594 | $551,844 | $+150,750 |
NOTES:
- EST = estimated prices (deep ITM, after hours). Verify during market hours.
- Safe Strike = Max(LC + ND, (LC + SP + ND) / 2). See Fortress formula.
- Execute as combo/spread orders in TWS for best fills.
- P&L scenarios assume hold to expiry.