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 $386,460 (premium included).
If challenged near half-life, buying the call back costs about $1.59/share ($477 total). Monte-Carlo central case: challenged near day 9 at spot $12.17.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
25d
-$0.27
$-0.60 to $-0.23
69%
57%
Ss Escape
$12.18
39d
+$0.03
$-0.33 to $0.10
74%
64%
Safety Up
$13.18
39d
-$0.19
$-0.57 to $-0.15
78%
70%
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 $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,235 (premium included).
If challenged near half-life, buying the call back costs about $1.60/share ($481 total). Monte-Carlo central case: challenged near day 8 at spot $13.11.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
18d
-$0.10
$-0.29 to $0.23
70%
56%
Ss Escape
$14.18
39d
+$0.02
$-0.27 to $0.41
77%
69%
Reliable Up
$13.18
39d
+$0.22
$-0.03 to $0.64
73%
64%
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 $10 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,733 (premium included).
Called-away odds35%
SaferRiskier
SELL 3 × $10 CALL
7 Aug 2026 · 25 DTE · bid $0.89 / mid $1.12 · $267 this cycle
20.2% OTM
Survival (OTM)
65%
Income / mo
$320
Annualized
156%
EV / cycle
+$55
If assigned
-$386,733
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.73/share ($518 total). Monte-Carlo central case: challenged near day 9 at spot $10.59.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
32d
-$0.40
$-0.85 to $-0.54
69%
58%
Ss Escape
$9.68
39d
+$0.05
$-0.36 to $-0.06
70%
56%
Safety Up
$11.68
39d
-$0.60
$-1.08 to $-0.76
79%
72%
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 $13 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,962 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $13 CALL
14 Aug 2026 · 32 DTE · bid $0.46 / mid $0.76 · $138 this cycle
56.2% OTM
Survival (OTM)
81%
Income / mo
$129
Annualized
63%
EV / cycle
+$47
If assigned
-$385,962
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.48/share ($743 total). Monte-Carlo central case: challenged near day 16 at spot $13.71.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
39d
-$0.65
$-1.04 to $-0.53
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 $13 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,962 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $13 CALL
14 Aug 2026 · 32 DTE · bid $0.46 / mid $0.76 · $138 this cycle
56.2% OTM
Survival (OTM)
81%
Income / mo
$129
Annualized
63%
EV / cycle
+$47
If assigned
-$385,962
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.48/share ($743 total). Monte-Carlo central case: challenged near day 16 at spot $13.71.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
39d
-$0.65
$-1.04 to $-0.53
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 $10 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,625 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $10 CALL
21 Aug 2026 · 39 DTE · bid $1.25 / mid $1.44 · $375 this cycle
20.2% OTM
Survival (OTM)
63%
Income / mo
$288
Annualized
141%
EV / cycle
+$104
If assigned
-$386,625
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.