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 $405.00 basis.
Income playbook
ConservativeSafe, deep OTMRECOMMENDED▾
Strike $298 is BELOW your $405.00 cost basis. If called away this locks a realized loss of about $10,534 (premium included).
Called-away odds19%
SaferRiskier
SELL 1 × $298 CALL
13 Nov 2026 · 11 DTE · bid $2.16 / mid $2.23 · $216 this cycle
5.7% OTM
Survival (OTM)
81%
Income / mo
$589
Annualized
25%
EV / cycle
+$120
If assigned
-$10,534
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $6.08/share ($608 total). Monte-Carlo central case: challenged near day 6 at spot $300.73.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$297.50
18d
+$1.56
$0.99 to $2.13
69%
51%
Up And Out
$298.51
18d
+$0.99
$0.36 to $1.44
69%
54%
Ss Escape
$306.01
32d
+$0.30
$-1.03 to $0.74
75%
66%
Safety Up
$316.01
39d
-$1.82
$-3.71 to $-1.61
81%
77%
Reliable Up
$306.01
39d
+$1.37
$0.04 to $1.87
74%
64%
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 $305 is BELOW your $405.00 cost basis. If called away this locks a realized loss of about $9,884 (premium included).
Called-away odds11%
SaferRiskier
SELL 1 × $305 CALL
13 Nov 2026 · 11 DTE · bid $1.16 / mid $1.21 · $116 this cycle
8.4% OTM
Survival (OTM)
89%
Income / mo
$316
Annualized
14%
EV / cycle
+$76
If assigned
-$9,884
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $6.23/share ($623 total). Monte-Carlo central case: challenged near day 8 at spot $308.13.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$305.00
18d
+$1.32
$1.18 to $2.63
69%
51%
Up And Out
$306.01
18d
+$0.76
$0.54 to $2.03
69%
54%
Ss Escape
$313.51
32d
+$0.01
$-0.76 to $1.57
75%
66%
Safety Up
$318.51
39d
-$0.71
$-1.72 to $0.79
78%
71%
Reliable Up
$313.51
39d
+$1.07
$0.34 to $2.72
74%
65%
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 $288 is BELOW your $405.00 cost basis. If called away this locks a realized loss of about $11,255 (premium included).
Called-away odds36%
SaferRiskier
SELL 1 × $288 CALL
13 Nov 2026 · 11 DTE · bid $4.95 / mid $5.08 · $495 this cycle
2.1% OTM
Survival (OTM)
64%
Income / mo
$1,350
Annualized
58%
EV / cycle
+$197
If assigned
-$11,255
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $5.87/share ($587 total). Monte-Carlo central case: challenged near day 4 at spot $290.53.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$287.50
18d
+$1.85
$0.97 to $1.67
69%
51%
Up And Out
$291.01
18d
+$0.13
$-1.01 to $-0.23
72%
59%
Ss Escape
$296.01
32d
+$0.65
$-1.20 to $0.08
75%
66%
Safety Up
$326.01
39d
-$4.42
$-7.79 to $-5.55
92%
91%
Reliable Up
$296.01
39d
+$1.75
$-0.17 to $1.18
74%
64%
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 $305 is BELOW your $405.00 cost basis. If called away this locks a realized loss of about $9,675 (premium included).
Called-away odds20%
SaferRiskier
SELL 1 × $305 CALL
4 Dec 2026 · 32 DTE · bid $3.25 / mid $3.50 · $325 this cycle
8.4% OTM
Survival (OTM)
80%
Income / mo
$305
Annualized
13%
EV / cycle
+$167
If assigned
-$9,675
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $9.37/share ($937 total). Monte-Carlo central case: challenged near day 17 at spot $307.89.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$305.00
39d
+$0.05
$-0.60 to $0.71
68%
51%
Ss Escape
$303.51
39d
+$0.88
$0.29 to $1.65
67%
49%
Safety Up
$308.51
39d
-$1.81
$-2.71 to $-1.38
71%
58%
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 $305 is BELOW your $405.00 cost basis. If called away this locks a realized loss of about $9,675 (premium included).
Called-away odds20%
SaferRiskier
SELL 1 × $305 CALL
4 Dec 2026 · 32 DTE · bid $3.25 / mid $3.50 · $325 this cycle
8.4% OTM
Survival (OTM)
80%
Income / mo
$305
Annualized
13%
EV / cycle
+$167
If assigned
-$9,675
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $9.37/share ($937 total). Monte-Carlo central case: challenged near day 17 at spot $307.89.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$305.00
39d
+$0.05
$-0.60 to $0.71
68%
51%
Ss Escape
$303.51
39d
+$0.88
$0.29 to $1.65
67%
49%
Safety Up
$308.51
39d
-$1.81
$-2.71 to $-1.38
71%
58%
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 $290 is BELOW your $405.00 cost basis. If called away this locks a realized loss of about $10,740 (premium included).
Called-away odds37%
SaferRiskier
SELL 1 × $290 CALL
4 Dec 2026 · 32 DTE · bid $7.60 / mid $8.02 · $760 this cycle
3.0% OTM
Survival (OTM)
63%
Income / mo
$712
Annualized
31%
EV / cycle
+$288
If assigned
-$10,740
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $8.91/share ($891 total). Monte-Carlo central case: challenged near day 9 at spot $292.79.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$290.00
39d
+$0.75
$-0.15 to $0.38
68%
51%
Ss Escape
$288.51
39d
+$1.57
$0.74 to $1.25
67%
49%
Safety Up
$318.51
39d
-$7.54
$-10.61 to $-8.94
91%
90%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.