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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,533 (premium included).
If challenged near half-life, buying the call back costs about $2.38/share ($713 total). Monte-Carlo central case: challenged near day 13 at spot $15.33.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.50
31d
-$0.48
$-0.94 to $-0.38
69%
58%
Ss Escape
$13.63
38d
+$0.05
$-0.39 to $0.26
67%
53%
Safety Up
$14.63
45d
-$0.21
$-0.73 to $-0.03
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 $16 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,302 (premium included).
If challenged near half-life, buying the call back costs about $2.22/share ($666 total). Monte-Carlo central case: challenged near day 11 at spot $16.39.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.50
24d
-$0.48
$-0.82 to $-0.21
69%
56%
Ss Escape
$15.63
38d
+$0.06
$-0.33 to $0.40
71%
60%
Safety Up
$16.13
38d
-$0.14
$-0.56 to $0.18
72%
62%
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 $11 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,520 (premium included).
If challenged near half-life, buying the call back costs about $1.29/share ($388 total). Monte-Carlo central case: challenged near day 4 at spot $11.63.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.00
17d
-$0.08
$-0.53 to $-0.23
69%
56%
Ss Escape
$13.13
45d
+$0.07
$-0.56 to $-0.14
78%
72%
Safety Up
$16.13
45d
-$0.57
$-1.34 to $-0.82
85%
83%
Reliable Up
$11.63
38d
+$0.42
$-0.12 to $0.24
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 $15 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,317 (premium included).
Called-away odds23%
SaferRiskier
SELL 3 × $15 CALL
14 Aug 2026 · 38 DTE · bid $0.61 / mid $1.03 · $183 this cycle
52.0% OTM
Survival (OTM)
77%
Income / mo
$144
Annualized
59%
EV / cycle
+$29
If assigned
-$385,317
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.02/share ($906 total). Monte-Carlo central case: challenged near day 17 at spot $15.87.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.00
45d
-$1.00
$-1.57 to $-1.00
70%
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 $15 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,317 (premium included).
Called-away odds23%
SaferRiskier
SELL 3 × $15 CALL
14 Aug 2026 · 38 DTE · bid $0.61 / mid $1.03 · $183 this cycle
52.0% OTM
Survival (OTM)
77%
Income / mo
$144
Annualized
59%
EV / cycle
+$29
If assigned
-$385,317
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.02/share ($906 total). Monte-Carlo central case: challenged near day 17 at spot $15.87.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.00
45d
-$1.00
$-1.57 to $-1.00
70%
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 $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,088 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $12 CALL
7 Aug 2026 · 31 DTE · bid $1.04 / mid $1.46 · $312 this cycle
21.6% OTM
Survival (OTM)
63%
Income / mo
$302
Annualized
124%
EV / cycle
-$15
If assigned
-$386,088
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.22/share ($667 total). Monte-Carlo central case: challenged near day 9 at spot $12.74.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
38d
-$0.51
$-1.03 to $-0.73
70%
58%
Safety Up
$14.13
45d
-$1.04
$-1.74 to $-1.34
77%
72%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.