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 $1.82/share ($547 total). Monte-Carlo central case: challenged near day 9 at spot $12.14.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
25d
-$0.48
$-0.89 to $-0.43
69%
57%
Ss Escape
$11.26
39d
+$0.25
$-0.15 to $0.38
71%
57%
Safety Up
$12.26
39d
-$0.19
$-0.64 to $-0.11
74%
64%
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 ($479 total). Monte-Carlo central case: challenged near day 8 at spot $13.14.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
18d
-$0.10
$-0.31 to $0.23
70%
56%
Ss Escape
$14.26
39d
+$0.04
$-0.26 to $0.44
78%
70%
Reliable Up
$13.26
39d
+$0.25
$-0.02 to $0.66
74%
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 odds34%
SaferRiskier
SELL 3 × $10 CALL
7 Aug 2026 · 25 DTE · bid $0.89 / mid $1.12 · $267 this cycle
21.4% OTM
Survival (OTM)
66%
Income / mo
$320
Annualized
158%
EV / cycle
+$65
If assigned
-$386,733
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.79/share ($537 total). Monte-Carlo central case: challenged near day 9 at spot $10.58.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
32d
-$0.44
$-0.90 to $-0.57
70%
58%
Safety Up
$11.76
39d
-$0.65
$-1.15 to $-0.81
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
57.8% OTM
Survival (OTM)
81%
Income / mo
$129
Annualized
64%
EV / cycle
+$51
If assigned
-$385,962
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.55/share ($766 total). Monte-Carlo central case: challenged near day 17 at spot $13.73.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
39d
-$0.69
$-1.09 to $-0.54
71%
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
57.8% OTM
Survival (OTM)
81%
Income / mo
$129
Annualized
64%
EV / cycle
+$51
If assigned
-$385,962
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.55/share ($766 total). Monte-Carlo central case: challenged near day 17 at spot $13.73.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
39d
-$0.69
$-1.09 to $-0.54
71%
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 odds36%
SaferRiskier
SELL 3 × $10 CALL
21 Aug 2026 · 39 DTE · bid $1.25 / mid $1.44 · $375 this cycle
21.4% OTM
Survival (OTM)
64%
Income / mo
$288
Annualized
142%
EV / cycle
+$114
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.