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 $1.47/share ($441 total). Monte-Carlo central case: challenged near day 9 at spot $12.11.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
24d
-$0.32
$-0.62 to $-0.24
67%
57%
Ss Escape
$11.83
45d
+$0.17
$-0.17 to $0.30
71%
62%
Safety Up
$12.83
45d
-$0.17
$-0.55 to $-0.07
75%
68%
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 $386,535 (premium included).
If challenged near half-life, buying the call back costs about $1.11/share ($332 total). Monte-Carlo central case: challenged near day 7 at spot $12.12.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
17d
-$0.13
$-0.36 to $0.02
67%
56%
Ss Escape
$13.83
45d
+$0.07
$-0.25 to $0.25
78%
73%
Reliable Up
$12.83
45d
+$0.27
$-0.02 to $0.46
75%
68%
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 $386,970 (premium included).
If challenged near half-life, buying the call back costs about $1.21/share ($364 total). Monte-Carlo central case: challenged near day 6 at spot $10.02.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
24d
-$0.21
$-0.56 to $-0.32
68%
58%
Ss Escape
$9.83
45d
+$0.21
$-0.19 to $0.09
72%
63%
Safety Up
$13.33
45d
-$0.58
$-1.11 to $-0.76
84%
82%
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 $386,049 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $13 CALL
14 Aug 2026 · 31 DTE · bid $0.17 / mid $0.53 · $51 this cycle
59.1% OTM
Survival (OTM)
82%
Income / mo
$49
Annualized
24%
EV / cycle
-$28
If assigned
-$386,049
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.11/share ($634 total). Monte-Carlo central case: challenged near day 16 at spot $13.75.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
38d
-$0.72
$-1.11 to $-0.60
68%
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 $386,049 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $13 CALL
14 Aug 2026 · 31 DTE · bid $0.17 / mid $0.53 · $51 this cycle
59.1% OTM
Survival (OTM)
82%
Income / mo
$49
Annualized
24%
EV / cycle
-$28
If assigned
-$386,049
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.11/share ($634 total). Monte-Carlo central case: challenged near day 16 at spot $13.75.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
38d
-$0.72
$-1.11 to $-0.60
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 $386,724 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $10 CALL
28 Aug 2026 · 45 DTE · bid $0.92 / mid $1.32 · $276 this cycle
22.4% OTM
Survival (OTM)
63%
Income / mo
$184
Annualized
91%
EV / cycle
-$27
If assigned
-$386,724
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.