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 $1.67/share ($500 total). Monte-Carlo central case: challenged near day 10 at spot $12.16.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
25d
-$0.47
$-0.82 to $-0.36
68%
57%
Safety Up
$11.59
39d
-$0.11
$-0.50 to $0.05
70%
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 $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 $1.67/share ($500 total). Monte-Carlo central case: challenged near day 10 at spot $12.16.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
25d
-$0.47
$-0.82 to $-0.36
68%
57%
Safety Up
$11.59
39d
-$0.11
$-0.50 to $0.05
70%
60%
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 $9 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $387,123 (premium included).
If challenged near half-life, buying the call back costs about $1.30/share ($391 total). Monte-Carlo central case: challenged near day 6 at spot $9.51.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.00
25d
-$0.30
$-0.71 to $-0.48
68%
58%
Ss Escape
$9.09
39d
+$0.00
$-0.45 to $-0.19
70%
61%
Safety Up
$10.09
32d
-$0.34
$-0.79 to $-0.54
75%
68%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
Strike $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,265 (premium included).
Called-away odds21%
SaferRiskier
SELL 3 × $12 CALL
14 Aug 2026 · 32 DTE · bid $0.45 / mid $0.73 · $135 this cycle
51.6% OTM
Survival (OTM)
79%
Income / mo
$127
Annualized
65%
EV / cycle
+$35
If assigned
-$386,265
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.14/share ($641 total). Monte-Carlo central case: challenged near day 16 at spot $12.67.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
39d
-$0.73
$-1.15 to $-0.65
68%
58%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
ConservativeSafe, deep OTM▾
Strike $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,229 (premium included).
Annualized yield 10.1% is below the 12% floor: thin premium for this position size.
Called-away odds19%
SaferRiskier
SELL 3 × $12 CALL
14 Aug 2026 · 32 DTE · bid $0.07 / mid $0.52 · $21 this cycle
58.0% OTM
Survival (OTM)
81%
Income / mo
$20
Annualized
10%
EV / cycle
-$62
If assigned
-$386,229
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 16 at spot $13.23.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
39d
-$0.79
$-1.22 to $-0.68
68%
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 $386,958 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $10 CALL
14 Aug 2026 · 32 DTE · bid $0.64 / mid $1.05 · $192 this cycle
20.1% OTM
Survival (OTM)
63%
Income / mo
$180
Annualized
92%
EV / cycle
-$52
If assigned
-$386,958
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.69/share ($507 total). Monte-Carlo central case: challenged near day 9 at spot $10.06.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
39d
-$0.49
$-0.94 to $-0.70
69%
59%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.