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 $10 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,955 (premium included).
If challenged near half-life, buying the call back costs about $0.95/share ($286 total). Monte-Carlo central case: challenged near day 5 at spot $10.58.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
14d
-$0.12
$-0.45 to $-0.05
66%
56%
Ss Escape
$11.29
42d
+$0.12
$-0.28 to $0.20
75%
69%
Safety Up
$11.79
42d
-$0.02
$-0.46 to $0.04
76%
72%
Reliable Up
$10.79
42d
+$0.30
$-0.08 to $0.40
73%
66%
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 $11 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,670 (premium included).
If challenged near half-life, buying the call back costs about $1.05/share ($314 total). Monte-Carlo central case: challenged near day 5 at spot $11.60.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.00
14d
-$0.16
$-0.40 to $0.01
66%
55%
Ss Escape
$12.29
42d
+$0.11
$-0.19 to $0.32
74%
68%
Safety Up
$12.79
42d
-$0.04
$-0.37 to $0.16
75%
71%
Reliable Up
$11.79
42d
+$0.30
$0.03 to $0.51
73%
65%
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 $387,129 (premium included).
Called-away odds36%
SaferRiskier
SELL 3 × $9 CALL
7 Aug 2026 · 21 DTE · bid $0.57 / mid $0.91 · $171 this cycle
16.7% OTM
Survival (OTM)
64%
Income / mo
$244
Annualized
128%
EV / cycle
-$20
If assigned
-$387,129
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.42/share ($426 total). Monte-Carlo central case: challenged near day 7 at spot $9.52.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.00
28d
-$0.43
$-0.88 to $-0.61
68%
58%
Ss Escape
$8.29
35d
+$0.03
$-0.40 to $-0.14
66%
52%
Safety Up
$10.29
42d
-$0.56
$-1.13 to $-0.79
75%
70%
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 $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,349 (premium included).
Called-away odds22%
SaferRiskier
SELL 3 × $12 CALL
21 Aug 2026 · 35 DTE · bid $0.17 / mid $0.59 · $51 this cycle
55.5% OTM
Survival (OTM)
78%
Income / mo
$44
Annualized
23%
EV / cycle
-$63
If assigned
-$386,349
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.29/share ($688 total). Monte-Carlo central case: challenged near day 18 at spot $12.64.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
42d
-$0.91
$-1.36 to $-0.84
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 $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,349 (premium included).
Called-away odds22%
SaferRiskier
SELL 3 × $12 CALL
21 Aug 2026 · 35 DTE · bid $0.17 / mid $0.59 · $51 this cycle
55.5% OTM
Survival (OTM)
78%
Income / mo
$44
Annualized
23%
EV / cycle
-$63
If assigned
-$386,349
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.29/share ($688 total). Monte-Carlo central case: challenged near day 18 at spot $12.64.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
42d
-$0.91
$-1.36 to $-0.84
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 $386,919 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $10 CALL
28 Aug 2026 · 42 DTE · bid $0.77 / mid $1.23 · $231 this cycle
23.1% OTM
Survival (OTM)
63%
Income / mo
$165
Annualized
87%
EV / cycle
-$53
If assigned
-$386,919
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.