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 $5.00 basis.
Income playbook
ConservativeSafe, deep OTMRECOMMENDED▾
Strike $2 is BELOW your $5.00 cost basis. If called away this locks a realized loss of about $13,455 (premium included).
If challenged near half-life, buying the call back costs about $0.10/share ($386 total). Monte-Carlo central case: challenged near day 3 at spot $1.57.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$1.50
37d
-$0.05
$-0.12 to $-0.08
61%
57%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
Ultra SafeDeepest OTM, lowest called-away odds▾
Strike $2 is BELOW your $5.00 cost basis. If called away this locks a realized loss of about $13,455 (premium included).
If challenged near half-life, buying the call back costs about $0.10/share ($386 total). Monte-Carlo central case: challenged near day 3 at spot $1.57.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$1.50
37d
-$0.05
$-0.12 to $-0.08
61%
57%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
NormalBalanced risk and income▾
Strike $2 is BELOW your $5.00 cost basis. If called away this locks a realized loss of about $13,455 (premium included).
If challenged near half-life, buying the call back costs about $0.10/share ($386 total). Monte-Carlo central case: challenged near day 3 at spot $1.57.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$1.50
37d
-$0.05
$-0.12 to $-0.08
61%
57%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
ConservativeSafe, deep OTMRECOMMENDED▾
Strike $2 is BELOW your $5.00 cost basis. If called away this locks a realized loss of about $13,455 (premium included).
Called-away odds45%
SaferRiskier
SELL 39 × $2 CALL
16 Oct 2026 · 37 DTE · bid $0.05 / mid $0.28 · $195 this cycle
5.5% OTM
Survival (OTM)
55%
Income / mo
$158
Annualized
35%
EV / cycle
-$372
If assigned
-$13,455
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 $5.00 cost basis. If called away this locks a realized loss of about $13,455 (premium included).
Called-away odds45%
SaferRiskier
SELL 39 × $2 CALL
16 Oct 2026 · 37 DTE · bid $0.05 / mid $0.28 · $195 this cycle
5.5% OTM
Survival (OTM)
55%
Income / mo
$158
Annualized
35%
EV / cycle
-$372
If assigned
-$13,455
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 $5.00 cost basis. If called away this locks a realized loss of about $13,455 (premium included).
Called-away odds45%
SaferRiskier
SELL 39 × $2 CALL
16 Oct 2026 · 37 DTE · bid $0.05 / mid $0.28 · $195 this cycle
5.5% OTM
Survival (OTM)
55%
Income / mo
$158
Annualized
35%
EV / cycle
-$372
If assigned
-$13,455
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.