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 $385,965 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $13 CALL
21 Aug 2026 · 34 DTE · bid $0.45 / mid $0.68 · $135 this cycle
54.0% OTM
Survival (OTM)
80%
Income / mo
$119
Annualized
57%
EV / cycle
+$37
If assigned
-$385,965
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 17 at spot $13.70.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
41d
-$0.82
$-1.25 to $-0.74
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 $13 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,082 (premium included).
Annualized yield 9.6% is below the 12% floor: thin premium for this position size.
Called-away odds18%
SaferRiskier
SELL 3 × $13 CALL
14 Aug 2026 · 27 DTE · bid $0.06 / mid $0.45 · $18 this cycle
54.0% OTM
Survival (OTM)
82%
Income / mo
$20
Annualized
10%
EV / cycle
-$55
If assigned
-$386,082
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.98/share ($593 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
34d
-$0.64
$-1.00 to $-0.50
67%
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 $387,096 (premium included).
If challenged near half-life, buying the call back costs about $0.69/share ($208 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
13d
+$0.11
$-0.14 to $0.09
67%
56%
Up And Out
$9.56
13d
+$0.09
$-0.17 to $0.07
67%
56%
Ss Escape
$11.56
41d
+$0.06
$-0.35 to $0.00
77%
74%
Safety Up
$12.56
41d
-$0.17
$-0.63 to $-0.25
80%
78%
Reliable Up
$11.06
41d
+$0.27
$-0.09 to $0.23
76%
71%
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 $385,965 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $13 CALL
21 Aug 2026 · 34 DTE · bid $0.45 / mid $0.68 · $135 this cycle
54.0% OTM
Survival (OTM)
80%
Income / mo
$119
Annualized
57%
EV / cycle
+$37
If assigned
-$385,965
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 17 at spot $13.70.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
41d
-$0.82
$-1.25 to $-0.74
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 $385,965 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $13 CALL
21 Aug 2026 · 34 DTE · bid $0.45 / mid $0.68 · $135 this cycle
54.0% OTM
Survival (OTM)
80%
Income / mo
$119
Annualized
57%
EV / cycle
+$37
If assigned
-$385,965
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 17 at spot $13.70.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
41d
-$0.82
$-1.25 to $-0.74
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 $386,763 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $10 CALL
21 Aug 2026 · 34 DTE · bid $0.79 / mid $1.08 · $237 this cycle
18.5% OTM
Survival (OTM)
63%
Income / mo
$209
Annualized
100%
EV / cycle
-$21
If assigned
-$386,763
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.76/share ($529 total). Monte-Carlo central case: challenged near day 9 at spot $10.55.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
41d
-$0.53
$-1.00 to $-0.75
69%
58%
Safety Up
$10.56
41d
-$0.75
$-1.27 to $-1.00
71%
63%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.