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).
Called-away odds4%
SaferRiskier
SELL 39 × $2 CALL
16 Oct 2026 · 29 DTE · bid $0.05 / mid $0.38 · $195 this cycle
19.5% OTM
Survival (OTM)
96%
Income / mo
$202
Annualized
50%
EV / cycle
+$193
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 odds4%
SaferRiskier
SELL 39 × $2 CALL
16 Oct 2026 · 29 DTE · bid $0.05 / mid $0.38 · $195 this cycle
19.5% OTM
Survival (OTM)
96%
Income / mo
$202
Annualized
50%
EV / cycle
+$193
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 odds4%
SaferRiskier
SELL 39 × $2 CALL
16 Oct 2026 · 29 DTE · bid $0.05 / mid $0.38 · $195 this cycle
19.5% OTM
Survival (OTM)
96%
Income / mo
$202
Annualized
50%
EV / cycle
+$193
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.
No 30+ DTE calls available in the chain for this position.