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 $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,181 (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 6 at spot $13.18.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
16d
-$0.02
$-0.29 to $0.11
68%
56%
Ss Escape
$15.12
44d
+$0.23
$-0.18 to $0.38
79%
73%
Safety Up
$17.12
44d
-$0.10
$-0.55 to $0.03
84%
80%
Reliable Up
$14.12
44d
+$0.53
$0.17 to $0.69
76%
69%
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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,785 (premium included).
If challenged near half-life, buying the call back costs about $1.45/share ($435 total). Monte-Carlo central case: challenged near day 6 at spot $14.79.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.00
16d
-$0.08
$-0.35 to $0.18
68%
56%
Ss Escape
$16.62
44d
+$0.23
$-0.17 to $0.52
78%
72%
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 $386,571 (premium included).
If challenged near half-life, buying the call back costs about $1.14/share ($341 total). Monte-Carlo central case: challenged near day 4 at spot $11.60.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.00
16d
+$0.03
$-0.30 to $-0.02
68%
56%
Ss Escape
$13.62
44d
+$0.21
$-0.27 to $0.13
80%
75%
Safety Up
$16.62
44d
-$0.30
$-0.85 to $-0.41
87%
85%
Reliable Up
$12.62
44d
+$0.49
$0.07 to $0.44
77%
70%
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 odds20%
SaferRiskier
SELL 3 × $15 CALL
14 Aug 2026 · 37 DTE · bid $0.61 / mid $0.93 · $183 this cycle
59.9% OTM
Survival (OTM)
80%
Income / mo
$148
Annualized
64%
EV / cycle
+$66
If assigned
-$385,317
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.96/share ($887 total). Monte-Carlo central case: challenged near day 18 at spot $15.85.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.00
44d
-$0.92
$-1.46 to $-0.82
70%
59%
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 odds20%
SaferRiskier
SELL 3 × $15 CALL
14 Aug 2026 · 37 DTE · bid $0.61 / mid $0.93 · $183 this cycle
59.9% OTM
Survival (OTM)
80%
Income / mo
$148
Annualized
64%
EV / cycle
+$66
If assigned
-$385,317
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.96/share ($887 total). Monte-Carlo central case: challenged near day 18 at spot $15.85.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.00
44d
-$0.92
$-1.46 to $-0.82
70%
59%
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 $386,238 (premium included).
Called-away odds36%
SaferRiskier
SELL 3 × $12 CALL
7 Aug 2026 · 30 DTE · bid $1.04 / mid $1.37 · $312 this cycle
22.6% OTM
Survival (OTM)
64%
Income / mo
$312
Annualized
135%
EV / cycle
+$22
If assigned
-$386,238
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.06/share ($619 total). Monte-Carlo central case: challenged near day 10 at spot $12.18.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
37d
-$0.37
$-0.80 to $-0.54
70%
58%
Safety Up
$14.12
44d
-$0.96
$-1.56 to $-1.21
80%
75%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.