Core prioritizes capital preservation with strong structural downside protection.
Alpha balances yield potential with reasonable downside buffers.
Sprint accepts tighter margins for enhanced income, requiring closer monitoring.
Model Rating (0โ10): Quality score based on how well this trade fits the strategy (liquidity, pricing, structure โ not a performance forecast).
Delta: Market-implied probability proxy. Example: โ0.15 delta โ ~85% chance the option expires worthless (approximation, not a guarantee).
Shield: Estimated danger-floor price based on volatility and time.
๐ข FORTIFIED (โฅ5% buffer) ยท ๐ก CONSTRAINED (2-5%) ยท ๐ด EXPOSED (<2%)
Return: Annualized Return on Capital at risk.
Capital: Cash required to hold the position (cash-secured puts = strike ร 100 shares).
Decay (ฮธ Eff): Premium earned per $10,000 of capital per month. Higher = faster capital productivity.