Deep drawdown. Earn income while the position recovers without capping the rebound. The safest rung that still clears the income floor is recommended; Ultra Safe goes deeper OTM for the lowest called-away odds when you want maximum room above your $4.00 basis.
Income playbook
ConservativeSafe, deep OTMRECOMMENDED▾
Strike $2 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $9,672 (premium included).
Called-away odds20%
SaferRiskier
SELL 39 × $2 CALL
16 Oct 2026 · 7 DTE · bid $0.02 / mid $0.05 · $78 this cycle
12.4% OTM
Survival (OTM)
80%
Income / mo
$334
Annualized
78%
EV / cycle
+$32
If assigned
-$9,672
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.
Ultra SafeDeepest OTM, lowest called-away odds▾
Strike $2 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $7,683 (premium included).
Called-away odds13%
SaferRiskier
SELL 39 × $2 CALL
20 Nov 2026 · 42 DTE · bid $0.03 / mid $0.04 · $117 this cycle
49.8% OTM
Survival (OTM)
87%
Income / mo
$84
Annualized
20%
EV / cycle
+$54
If assigned
-$7,683
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.
NormalBalanced risk and income▾
Strike $2 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $9,438 (premium included).
Called-away odds36%
SaferRiskier
SELL 39 × $2 CALL
20 Nov 2026 · 42 DTE · bid $0.08 / mid $0.11 · $312 this cycle
12.4% OTM
Survival (OTM)
64%
Income / mo
$223
Annualized
52%
EV / cycle
+$3
If assigned
-$9,438
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.
ConservativeSafe, deep OTMRECOMMENDED▾
Strike $2 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $7,683 (premium included).
Called-away odds13%
SaferRiskier
SELL 39 × $2 CALL
20 Nov 2026 · 42 DTE · bid $0.03 / mid $0.04 · $117 this cycle
49.8% OTM
Survival (OTM)
87%
Income / mo
$84
Annualized
20%
EV / cycle
+$54
If assigned
-$7,683
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.
Ultra SafeDeepest OTM, lowest called-away odds▾
Strike $2 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $7,683 (premium included).
Called-away odds13%
SaferRiskier
SELL 39 × $2 CALL
20 Nov 2026 · 42 DTE · bid $0.03 / mid $0.04 · $117 this cycle
49.8% OTM
Survival (OTM)
87%
Income / mo
$84
Annualized
20%
EV / cycle
+$54
If assigned
-$7,683
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.
NormalBalanced risk and income▾
Strike $2 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $9,438 (premium included).
Called-away odds36%
SaferRiskier
SELL 39 × $2 CALL
20 Nov 2026 · 42 DTE · bid $0.08 / mid $0.11 · $312 this cycle
12.4% OTM
Survival (OTM)
64%
Income / mo
$223
Annualized
52%
EV / cycle
+$3
If assigned
-$9,438
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.