CURRENT POSITION
| Leg | Strike | Expiry | DTE | Qty |
Mid | Intrinsic | Time Val | Delta | Unrealized |
|---|
| HP | $10.0P | Jan'28 | 626d | +50 | $3.500 | $0.000 | $3.500 | 0.234 | $3,719 |
| SP | $17.0P | Jan'28 | 626d | -50 | $8.225 | $5.460 | $2.765 | 0.427 | $-10,841 |
| LC | $20.0C | Jan'28 | 626d | +50 | $3.075 | $0.000 | $3.075 | 0.535 | $-22,776 |
CONSIDER CCs FIRST (FULL)
Put SpreadSTRESSED (78% of max loss)
LC VitalityALIVE (delta 0.535)
SP DepthMODERATELY ITM (47%)
TimeSTRONG (626d remaining)
Safe Strike$24.33 (2.1x stock)
StructureSS 2.1x stock ($24)
CrossoverAI break-even $21 (1.8x) | less-bad than DN above $19 (1.6x)
Current Max Loss: $56,670 | Current Recovery: $24.33 | 768 candidates evaluated
BEST FOR CREDIT
LC $17C / SP $27P / HP $13P (FULL)
Maximizes cash returned. You collect CR $24,250 (43% of current ML back). No new capital into the trade.
CostCR $24,250
ML Change+$10,750
Recovery$24.33 -> $21.74
Delta46.4
Margin+$7,239
Close:
Sell 50x 20C @ $3.00Buy 50x 17P @ $8.45Sell 50x 10P @ $3.35Open:
Buy 50x Jan 21 '28 $17C @ $3.85Sell 50x Jan 21 '28 $27P @ $16.30Buy 50x Jan 21 '28 $13P @ $5.50P&L Scenarios (Current BE: $24.33 | Repair BE: $21.74)
| Stock | Change | P&L | Do Nothing | Diff |
|---|
| $0.12 | -99% | $-67,420 | $-56,670 | $-10,750 |
| $2.88 | -75% | $-67,420 | $-56,670 | $-10,750 |
| $5.77 | -50% | $-67,420 | $-56,670 | $-10,750 |
| $9.23 | -20% | $-67,420 | $-56,670 | $-10,750 |
| $10.00 | -13% | $-67,420 | $-56,670 | $-10,750 |
| $11.54 | 0% | $-67,420 | $-48,970 | $-18,450 |
| $13.00 | 13% | $-67,420 | $-41,670 | $-25,750 |
| $14.42 | 25% | $-60,320 | $-34,570 | $-25,750 |
| $17.00 | 47% | $-47,420 | $-21,670 | $-25,750 |
| $17.31 | 50% | $-44,320 | $-21,670 | $-22,650 |
| $20.00 | 73% | $-17,420 | $-21,670 | $+4,250 |
| $21.74 ◀ | 88% | $-20 | $-12,970 | $+12,950 |
| $23.08 | 100% | $13,380 | $-6,270 | $+19,650 |
| $27.00 | 134% | $52,580 | $13,330 | $+39,250 |
| $28.85 | 150% | $61,830 | $22,580 | $+39,250 |
| $34.62 | 200% | $90,680 | $51,430 | $+39,250 |
| $46.16 | 300% | $148,380 | $109,130 | $+39,250 |
| $57.70 | 400% | $206,080 | $166,830 | $+39,250 |
BEST FOR MARGIN
LC $17C / SP $25P / HP $17P (FULL)
Lowest ML increase among all credit candidates. ML change +$4,250 (7% increase vs current $56,670). Still collects CR $750.
CostCR $750
ML Change+$4,250
Recovery$24.33 -> $23.09
Delta39.1
Margin+$7,061
Close:
Sell 50x 20C @ $3.00Buy 50x 17P @ $8.45Sell 50x 10P @ $3.35Open:
Buy 50x Jan 21 '28 $17C @ $3.85Sell 50x Jan 21 '28 $25P @ $14.55Buy 50x Jan 21 '28 $17P @ $8.45P&L Scenarios (Current BE: $24.33 | Repair BE: $23.09)
| Stock | Change | P&L | Do Nothing | Diff |
|---|
| $0.12 | -99% | $-60,920 | $-56,670 | $-4,250 |
| $2.88 | -75% | $-60,920 | $-56,670 | $-4,250 |
| $5.77 | -50% | $-60,920 | $-56,670 | $-4,250 |
| $9.23 | -20% | $-60,920 | $-56,670 | $-4,250 |
| $10.00 | -13% | $-60,920 | $-56,670 | $-4,250 |
| $11.54 | 0% | $-60,920 | $-48,970 | $-11,950 |
| $14.42 | 25% | $-60,920 | $-34,570 | $-26,350 |
| $17.00 | 47% | $-60,920 | $-21,670 | $-39,250 |
| $17.31 | 50% | $-57,820 | $-21,670 | $-36,150 |
| $20.00 | 73% | $-30,920 | $-21,670 | $-9,250 |
| $23.08 ◀ | 100% | $-120 | $-6,270 | $+6,150 |
| $23.09 ◀ | 100% | $-20 | $-6,220 | $+6,200 |
| $25.00 | 117% | $19,080 | $3,330 | $+15,750 |
| $28.85 | 150% | $38,330 | $22,580 | $+15,750 |
| $34.62 | 200% | $67,180 | $51,430 | $+15,750 |
| $46.16 | 300% | $124,880 | $109,130 | $+15,750 |
| $57.70 | 400% | $182,580 | $166,830 | $+15,750 |
BEST FOR RECOVERY
LC $10C / SP $22P / HP $8P (FULL)
Lowest recovery among credit candidates with ML increase under 50% of current ML. Recovery at $17.4 (1.5x stock), collects CR $7,800, ML change +$27,200.
CostCR $7,800
ML Change+$27,200
Recovery$24.33 -> $17.39
Delta57.3
Margin+$9,443
Close:
Sell 50x 20C @ $3.00Buy 50x 17P @ $8.45Sell 50x 10P @ $3.35Open:
Buy 50x Jan 21 '28 $10C @ $5.80Sell 50x Jan 21 '28 $22P @ $12.00Buy 50x Jan 21 '28 $8P @ $2.54P&L Scenarios (Current BE: $24.33 | Repair BE: $17.39)
| Stock | Change | P&L | Do Nothing | Diff |
|---|
| $0.12 | -99% | $-83,870 | $-56,670 | $-27,200 |
| $2.88 | -75% | $-83,870 | $-56,670 | $-27,200 |
| $5.77 | -50% | $-83,870 | $-56,670 | $-27,200 |
| $8.00 | -31% | $-83,870 | $-56,670 | $-27,200 |
| $9.23 | -20% | $-77,720 | $-56,670 | $-21,050 |
| $10.00 | -13% | $-73,870 | $-56,670 | $-17,200 |
| $11.54 | 0% | $-58,470 | $-48,970 | $-9,500 |
| $14.42 | 25% | $-29,670 | $-34,570 | $+4,900 |
| $17.00 | 47% | $-3,870 | $-21,670 | $+17,800 |
| $17.31 | 50% | $-770 | $-21,670 | $+20,900 |
| $17.39 ◀ | 51% | $30 | $-21,670 | $+21,700 |
| $20.00 | 73% | $26,130 | $-21,670 | $+47,800 |
| $22.00 | 91% | $46,130 | $-11,670 | $+57,800 |
| $23.08 | 100% | $51,530 | $-6,270 | $+57,800 |
| $28.85 | 150% | $80,380 | $22,580 | $+57,800 |
| $34.62 | 200% | $109,230 | $51,430 | $+57,800 |
| $46.16 | 300% | $166,930 | $109,130 | $+57,800 |
| $57.70 | 400% | $224,630 | $166,830 | $+57,800 |
AI TOP PICK
LC $13C / SP $27P / HP $15P (FULL)
Selected because it collects CR $12,500 (22% of ML). ML increase +$12,500 (22%). recovery at $21 (1.8x stock), and no dead zone (every dollar of upside generates P&L). Best Credit ($24,250 CR) has $11,750 more credit but recovery at $22 vs $21. Best Recovery ($17) has $4 lower break-even but collects $4,700 less credit.
CostCR $12,500
ML Change+$12,500
Recovery$24.33 -> $20.92
Delta48.4
Margin+$7,882
Close:
Sell 50x 20C @ $3.00Buy 50x 17P @ $8.45Sell 50x 10P @ $3.35Open:
Buy 50x Jan 21 '28 $13C @ $4.80Sell 50x Jan 21 '28 $27P @ $16.30Buy 50x Jan 21 '28 $15P @ $6.90P&L Scenarios (Current BE: $24.33 | Repair BE: $20.92)
| Stock | Change | P&L | Do Nothing | Diff |
|---|
| $0.12 | -99% | $-69,170 | $-56,670 | $-12,500 |
| $2.88 | -75% | $-69,170 | $-56,670 | $-12,500 |
| $5.77 | -50% | $-69,170 | $-56,670 | $-12,500 |
| $9.23 | -20% | $-69,170 | $-56,670 | $-12,500 |
| $10.00 | -13% | $-69,170 | $-56,670 | $-12,500 |
| $11.54 | 0% | $-69,170 | $-48,970 | $-20,200 |
| $13.00 | 13% | $-69,170 | $-41,670 | $-27,500 |
| $14.42 | 25% | $-62,070 | $-34,570 | $-27,500 |
| $15.00 | 30% | $-59,170 | $-31,670 | $-27,500 |
| $17.00 | 47% | $-39,170 | $-21,670 | $-17,500 |
| $17.31 | 50% | $-36,070 | $-21,670 | $-14,400 |
| $20.00 | 73% | $-9,170 | $-21,670 | $+12,500 |
| $20.92 ◀ | 81% | $30 | $-17,070 | $+17,100 |
| $23.08 | 100% | $21,630 | $-6,270 | $+27,900 |
| $27.00 | 134% | $60,830 | $13,330 | $+47,500 |
| $28.85 | 150% | $70,080 | $22,580 | $+47,500 |
| $34.62 | 200% | $98,930 | $51,430 | $+47,500 |
| $46.16 | 300% | $156,630 | $109,130 | $+47,500 |
| $57.70 | 400% | $214,330 | $166,830 | $+47,500 |
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.