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 $1 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $29,700 (premium included).
Called-away odds22%
SaferRiskier
SELL 100 × $1 CALL
27 Nov 2026 · 25 DTE · bid $0.03 / mid $0.04 · $300 this cycle
24.7% OTM
Survival (OTM)
78%
Income / mo
$360
Annualized
55%
EV / cycle
+$123
If assigned
-$29,700
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 $1 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $29,700 (premium included).
Called-away odds22%
SaferRiskier
SELL 100 × $1 CALL
27 Nov 2026 · 25 DTE · bid $0.03 / mid $0.04 · $300 this cycle
24.7% OTM
Survival (OTM)
78%
Income / mo
$360
Annualized
55%
EV / cycle
+$123
If assigned
-$29,700
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 $1 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $29,900 (premium included).
Annualized yield 11.7% is below the 12% floor: thin premium for this position size.
Called-away odds27%
SaferRiskier
SELL 100 × $1 CALL
11 Dec 2026 · 39 DTE · bid $0.01 / mid $0.17 · $100 this cycle
24.7% OTM
Survival (OTM)
73%
Income / mo
$77
Annualized
12%
EV / cycle
-$214
If assigned
-$29,900
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 $1 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $29,900 (premium included).
Annualized yield 11.7% is below the 12% floor: thin premium for this position size.
Called-away odds27%
SaferRiskier
SELL 100 × $1 CALL
11 Dec 2026 · 39 DTE · bid $0.01 / mid $0.17 · $100 this cycle
24.7% OTM
Survival (OTM)
73%
Income / mo
$77
Annualized
12%
EV / cycle
-$214
If assigned
-$29,900
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 $1 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $29,900 (premium included).
Annualized yield 11.7% is below the 12% floor: thin premium for this position size.
Called-away odds27%
SaferRiskier
SELL 100 × $1 CALL
11 Dec 2026 · 39 DTE · bid $0.01 / mid $0.17 · $100 this cycle
24.7% OTM
Survival (OTM)
73%
Income / mo
$77
Annualized
12%
EV / cycle
-$214
If assigned
-$29,900
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 $1 is BELOW your $4.00 cost basis. If called away this locks a realized loss of about $29,900 (premium included).
Annualized yield 11.7% is below the 12% floor: thin premium for this position size.
Called-away odds27%
SaferRiskier
SELL 100 × $1 CALL
11 Dec 2026 · 39 DTE · bid $0.01 / mid $0.17 · $100 this cycle
24.7% OTM
Survival (OTM)
73%
Income / mo
$77
Annualized
12%
EV / cycle
-$214
If assigned
-$29,900
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.