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 $386,379 (premium included).
If challenged near half-life, buying the call back costs about $1.65/share ($495 total). Monte-Carlo central case: challenged near day 9 at spot $12.67.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
24d
-$0.42
$-0.77 to $-0.36
67%
57%
Ss Escape
$11.97
45d
+$0.07
$-0.34 to $0.18
70%
60%
Safety Up
$12.47
45d
-$0.06
$-0.49 to $0.02
71%
63%
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 $385,920 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $14 CALL
14 Aug 2026 · 31 DTE · bid $0.10 / mid $0.52 · $30 this cycle
58.3% OTM
Survival (OTM)
82%
Income / mo
$29
Annualized
14%
EV / cycle
-$54
If assigned
-$385,920
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.36/share ($708 total). Monte-Carlo central case: challenged near day 16 at spot $14.30.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.50
38d
-$0.87
$-1.34 to $-0.79
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 $386,856 (premium included).
If challenged near half-life, buying the call back costs about $1.37/share ($412 total). Monte-Carlo central case: challenged near day 6 at spot $10.54.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
24d
-$0.29
$-0.72 to $-0.44
68%
58%
Ss Escape
$10.47
45d
+$0.01
$-0.50 to $-0.15
72%
64%
Safety Up
$11.97
45d
-$0.47
$-1.06 to $-0.67
77%
73%
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 $385,920 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $14 CALL
14 Aug 2026 · 31 DTE · bid $0.10 / mid $0.52 · $30 this cycle
58.3% OTM
Survival (OTM)
82%
Income / mo
$29
Annualized
14%
EV / cycle
-$54
If assigned
-$385,920
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.36/share ($708 total). Monte-Carlo central case: challenged near day 16 at spot $14.30.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.50
38d
-$0.87
$-1.34 to $-0.79
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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,920 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $14 CALL
14 Aug 2026 · 31 DTE · bid $0.10 / mid $0.52 · $30 this cycle
58.3% OTM
Survival (OTM)
82%
Income / mo
$29
Annualized
14%
EV / cycle
-$54
If assigned
-$385,920
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.36/share ($708 total). Monte-Carlo central case: challenged near day 16 at spot $14.30.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.50
38d
-$0.87
$-1.34 to $-0.79
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 $386,772 (premium included).
Called-away odds38%
SaferRiskier
SELL 3 × $10 CALL
14 Aug 2026 · 31 DTE · bid $0.76 / mid $1.17 · $228 this cycle
17.2% OTM
Survival (OTM)
62%
Income / mo
$221
Annualized
105%
EV / cycle
-$41
If assigned
-$386,772
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.75/share ($524 total). Monte-Carlo central case: challenged near day 8 at spot $10.57.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
38d
-$0.53
$-1.01 to $-0.75
69%
58%
Safety Up
$11.47
45d
-$0.72
$-1.27 to $-0.98
76%
70%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.