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.
Strike $13 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,995 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $13 CALL
14 Aug 2026 · 29 DTE · bid $0.35 / mid $0.67 · $105 this cycle
50.4% OTM
Survival (OTM)
80%
Income / mo
$109
Annualized
51%
EV / cycle
+$10
If assigned
-$385,995
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.18/share ($654 total). Monte-Carlo central case: challenged near day 15 at spot $13.71.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
36d
-$0.77
$-1.21 to $-0.70
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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,938 (premium included).
Annualized yield 5.8% is below the 12% floor: thin premium for this position size.
Called-away odds18%
SaferRiskier
SELL 3 × $14 CALL
14 Aug 2026 · 29 DTE · bid $0.04 / mid $0.48 · $12 this cycle
56.2% OTM
Survival (OTM)
82%
Income / mo
$12
Annualized
6%
EV / cycle
-$68
If assigned
-$385,938
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.26/share ($679 total). Monte-Carlo central case: challenged near day 16 at spot $14.22.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.50
36d
-$0.83
$-1.24 to $-0.67
68%
57%
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 $387,060 (premium included).
If challenged near half-life, buying the call back costs about $0.96/share ($288 total). Monte-Carlo central case: challenged near day 3 at spot $10.01.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
15d
-$0.14
$-0.56 to $-0.26
67%
56%
Ss Escape
$10.86
43d
+$0.07
$-0.47 to $-0.08
75%
70%
Safety Up
$11.86
43d
-$0.19
$-0.77 to $-0.35
78%
75%
Reliable Up
$9.86
43d
+$0.40
$-0.07 to $0.29
72%
64%
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 $386,022 (premium included).
Called-away odds22%
SaferRiskier
SELL 3 × $13 CALL
21 Aug 2026 · 36 DTE · bid $0.26 / mid $0.73 · $78 this cycle
50.4% OTM
Survival (OTM)
78%
Income / mo
$65
Annualized
30%
EV / cycle
-$40
If assigned
-$386,022
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.36/share ($709 total). Monte-Carlo central case: challenged near day 17 at spot $13.72.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
43d
-$0.85
$-1.34 to $-0.82
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 $386,022 (premium included).
Called-away odds22%
SaferRiskier
SELL 3 × $13 CALL
21 Aug 2026 · 36 DTE · bid $0.26 / mid $0.73 · $78 this cycle
50.4% OTM
Survival (OTM)
78%
Income / mo
$65
Annualized
30%
EV / cycle
-$40
If assigned
-$386,022
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.36/share ($709 total). Monte-Carlo central case: challenged near day 17 at spot $13.72.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
43d
-$0.85
$-1.34 to $-0.82
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 $386,589 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $10 CALL
28 Aug 2026 · 43 DTE · bid $0.87 / mid $1.36 · $261 this cycle
21.5% OTM
Survival (OTM)
63%
Income / mo
$182
Annualized
85%
EV / cycle
-$52
If assigned
-$386,589
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.