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 $1,300.00 basis.
Income playbook
ConservativeSafe, deep OTMRECOMMENDED▾
Strike $16 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,146 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $16 CALL
13 Nov 2026 · 11 DTE · bid $0.18 / mid $0.51 · $54 this cycle
26.8% OTM
Survival (OTM)
81%
Income / mo
$147
Annualized
47%
EV / cycle
-$3
If assigned
-$385,146
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.74/share ($523 total). Monte-Carlo central case: challenged near day 6 at spot $16.81.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$16.00
18d
-$0.19
$-0.58 to $-0.07
69%
55%
Ss Escape
$16.88
39d
+$0.19
$-0.32 to $0.33
73%
63%
Safety Up
$17.38
39d
-$0.00
$-0.56 to $0.12
74%
66%
Reliable Up
$16.38
39d
+$0.41
$-0.07 to $0.57
71%
60%
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 $20 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,955 (premium included).
Called-away odds13%
SaferRiskier
SELL 3 × $20 CALL
4 Dec 2026 · 32 DTE · bid $0.15 / mid $0.53 · $45 this cycle
58.5% OTM
Survival (OTM)
87%
Income / mo
$42
Annualized
14%
EV / cycle
-$14
If assigned
-$383,955
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.04/share ($913 total). Monte-Carlo central case: challenged near day 19 at spot $20.85.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
39d
-$0.87
$-1.21 to $-0.48
69%
56%
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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,587 (premium included).
Called-away odds35%
SaferRiskier
SELL 3 × $14 CALL
13 Nov 2026 · 11 DTE · bid $0.71 / mid $1.01 · $213 this cycle
10.9% OTM
Survival (OTM)
65%
Income / mo
$581
Annualized
187%
EV / cycle
+$40
If assigned
-$385,587
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.53/share ($458 total). Monte-Carlo central case: challenged near day 4 at spot $14.67.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.00
18d
-$0.10
$-0.58 to $-0.22
69%
55%
Ss Escape
$15.38
39d
+$0.04
$-0.61 to $-0.13
75%
67%
Safety Up
$17.88
39d
-$0.68
$-1.49 to $-0.91
81%
78%
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 $19 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,174 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $19 CALL
11 Dec 2026 · 39 DTE · bid $0.42 / mid $0.79 · $126 this cycle
50.6% OTM
Survival (OTM)
80%
Income / mo
$97
Annualized
31%
EV / cycle
-$0
If assigned
-$384,174
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 $20 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,955 (premium included).
Called-away odds13%
SaferRiskier
SELL 3 × $20 CALL
4 Dec 2026 · 32 DTE · bid $0.15 / mid $0.53 · $45 this cycle
58.5% OTM
Survival (OTM)
87%
Income / mo
$42
Annualized
14%
EV / cycle
-$14
If assigned
-$383,955
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.04/share ($913 total). Monte-Carlo central case: challenged near day 19 at spot $20.85.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
39d
-$0.87
$-1.21 to $-0.48
69%
56%
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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,284 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $14 CALL
4 Dec 2026 · 32 DTE · bid $1.22 / mid $1.59 · $366 this cycle
14.9% OTM
Survival (OTM)
63%
Income / mo
$343
Annualized
110%
EV / cycle
+$50
If assigned
-$385,284
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.21/share ($662 total). Monte-Carlo central case: challenged near day 9 at spot $15.15.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.50
39d
-$0.40
$-0.86 to $-0.61
70%
57%
Ss Escape
$13.38
39d
+$0.10
$-0.33 to $-0.07
66%
47%
Safety Up
$16.38
39d
-$1.11
$-1.71 to $-1.39
76%
70%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.