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 $385,926 (premium included).
If challenged near half-life, buying the call back costs about $1.85/share ($555 total). Monte-Carlo central case: challenged near day 11 at spot $14.19.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.50
28d
-$0.47
$-0.85 to $-0.39
67%
57%
Ss Escape
$13.14
42d
+$0.34
$0.01 to $0.49
69%
57%
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 $385,926 (premium included).
If challenged near half-life, buying the call back costs about $1.85/share ($555 total). Monte-Carlo central case: challenged near day 11 at spot $14.19.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.50
28d
-$0.47
$-0.85 to $-0.39
67%
57%
Ss Escape
$13.14
42d
+$0.34
$0.01 to $0.49
69%
57%
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 $386,619 (premium included).
If challenged near half-life, buying the call back costs about $0.95/share ($284 total). Monte-Carlo central case: challenged near day 4 at spot $11.56.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.00
14d
-$0.06
$-0.39 to $-0.05
66%
55%
Ss Escape
$13.64
42d
+$0.21
$-0.19 to $0.23
80%
75%
Safety Up
$14.64
42d
-$0.26
$-0.76 to $-0.28
82%
79%
Reliable Up
$12.14
35d
+$0.30
$-0.09 to $0.32
74%
67%
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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,707 (premium included).
Called-away odds23%
SaferRiskier
SELL 3 × $14 CALL
14 Aug 2026 · 35 DTE · bid $0.31 / mid $0.73 · $93 this cycle
49.6% OTM
Survival (OTM)
77%
Income / mo
$80
Annualized
35%
EV / cycle
-$43
If assigned
-$385,707
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.42/share ($725 total). Monte-Carlo central case: challenged near day 16 at spot $14.80.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.00
42d
-$0.63
$-1.03 to $-0.60
69%
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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,707 (premium included).
Called-away odds23%
SaferRiskier
SELL 3 × $14 CALL
14 Aug 2026 · 35 DTE · bid $0.31 / mid $0.73 · $93 this cycle
49.6% OTM
Survival (OTM)
77%
Income / mo
$80
Annualized
35%
EV / cycle
-$43
If assigned
-$385,707
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.42/share ($725 total). Monte-Carlo central case: challenged near day 16 at spot $14.80.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.00
42d
-$0.63
$-1.03 to $-0.60
69%
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 $386,280 (premium included).
Called-away odds35%
SaferRiskier
SELL 3 × $12 CALL
14 Aug 2026 · 35 DTE · bid $0.90 / mid $1.12 · $270 this cycle
22.9% OTM
Survival (OTM)
65%
Income / mo
$231
Annualized
100%
EV / cycle
-$8
If assigned
-$386,280
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.98/share ($595 total). Monte-Carlo central case: challenged near day 11 at spot $12.16.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
42d
-$0.42
$-0.83 to $-0.58
70%
58%
Safety Up
$12.14
42d
-$0.77
$-1.27 to $-0.97
71%
63%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.