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 $1.37/share ($412 total). Monte-Carlo central case: challenged near day 8 at spot $12.15.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
21d
-$0.21
$-0.51 to $-0.15
68%
56%
Ss Escape
$12.50
42d
+$0.03
$-0.36 to $0.10
74%
66%
Safety Up
$13.00
42d
-$0.20
$-0.63 to $-0.14
75%
69%
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 $1.37/share ($412 total). Monte-Carlo central case: challenged near day 8 at spot $12.15.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
21d
-$0.21
$-0.51 to $-0.15
68%
56%
Ss Escape
$12.50
42d
+$0.03
$-0.36 to $0.10
74%
66%
Safety Up
$13.00
42d
-$0.20
$-0.63 to $-0.14
75%
69%
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 $387,042 (premium included).
If challenged near half-life, buying the call back costs about $0.87/share ($262 total). Monte-Carlo central case: challenged near day 3 at spot $9.97.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
14d
+$0.03
$-0.30 to $-0.04
68%
56%
Ss Escape
$12.00
42d
+$0.05
$-0.40 to $-0.05
80%
76%
Safety Up
$14.00
35d
-$0.31
$-0.80 to $-0.42
87%
85%
Reliable Up
$10.50
42d
+$0.39
$-0.01 to $0.32
75%
68%
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 $385,935 (premium included).
Called-away odds21%
SaferRiskier
SELL 3 × $13 CALL
21 Aug 2026 · 35 DTE · bid $0.55 / mid $0.82 · $165 this cycle
53.0% OTM
Survival (OTM)
79%
Income / mo
$141
Annualized
68%
EV / cycle
+$61
If assigned
-$385,935
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 17 at spot $13.70.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
42d
-$0.67
$-1.08 to $-0.60
69%
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 $385,935 (premium included).
Called-away odds21%
SaferRiskier
SELL 3 × $13 CALL
21 Aug 2026 · 35 DTE · bid $0.55 / mid $0.82 · $165 this cycle
53.0% OTM
Survival (OTM)
79%
Income / mo
$141
Annualized
68%
EV / cycle
+$61
If assigned
-$385,935
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 17 at spot $13.70.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
42d
-$0.67
$-1.08 to $-0.60
69%
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 $386,733 (premium included).
Called-away odds38%
SaferRiskier
SELL 3 × $10 CALL
21 Aug 2026 · 35 DTE · bid $0.89 / mid $1.25 · $267 this cycle
17.7% OTM
Survival (OTM)
62%
Income / mo
$229
Annualized
109%
EV / cycle
-$6
If assigned
-$386,733
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.74/share ($522 total). Monte-Carlo central case: challenged near day 9 at spot $10.56.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
42d
-$0.41
$-0.82 to $-0.62
69%
59%
Safety Up
$11.00
42d
-$0.74
$-1.21 to $-0.98
74%
67%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.