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 $386,502 (premium included).
If challenged near half-life, buying the call back costs about $1.33/share ($399 total). Monte-Carlo central case: challenged near day 6 at spot $12.13.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
17d
-$0.13
$-0.47 to $-0.05
68%
56%
Ss Escape
$12.57
38d
+$0.16
$-0.25 to $0.27
75%
66%
Safety Up
$13.07
38d
-$0.06
$-0.52 to $0.03
76%
69%
Reliable Up
$12.07
38d
+$0.34
$-0.06 to $0.45
73%
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 $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,388 (premium included).
If challenged near half-life, buying the call back costs about $1.39/share ($416 total). Monte-Carlo central case: challenged near day 6 at spot $12.64.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
17d
-$0.15
$-0.47 to $-0.01
68%
56%
Ss Escape
$13.07
38d
+$0.16
$-0.22 to $0.34
74%
66%
Reliable Up
$12.57
38d
+$0.33
$-0.02 to $0.53
73%
63%
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 $386,883 (premium included).
If challenged near half-life, buying the call back costs about $1.16/share ($347 total). Monte-Carlo central case: challenged near day 4 at spot $10.56.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
17d
-$0.07
$-0.48 to $-0.20
69%
56%
Ss Escape
$11.07
38d
+$0.17
$-0.33 to $0.02
75%
68%
Safety Up
$12.57
38d
-$0.34
$-0.94 to $-0.53
80%
76%
Reliable Up
$10.07
38d
+$0.49
$0.03 to $0.36
71%
60%
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 $385,680 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $14 CALL
21 Aug 2026 · 31 DTE · bid $0.40 / mid $0.54 · $120 this cycle
56.9% OTM
Survival (OTM)
82%
Income / mo
$116
Annualized
53%
EV / cycle
+$39
If assigned
-$385,680
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.38/share ($715 total). Monte-Carlo central case: challenged near day 16 at spot $14.74.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.00
38d
-$0.66
$-1.05 to $-0.52
69%
57%
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 $385,680 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $14 CALL
21 Aug 2026 · 31 DTE · bid $0.40 / mid $0.54 · $120 this cycle
56.9% OTM
Survival (OTM)
82%
Income / mo
$116
Annualized
53%
EV / cycle
+$39
If assigned
-$385,680
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.38/share ($715 total). Monte-Carlo central case: challenged near day 16 at spot $14.74.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.00
38d
-$0.66
$-1.05 to $-0.52
69%
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 $386,550 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $10 CALL
21 Aug 2026 · 31 DTE · bid $1.00 / mid $1.30 · $300 this cycle
17.6% OTM
Survival (OTM)
63%
Income / mo
$290
Annualized
132%
EV / cycle
+$43
If assigned
-$386,550
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.79/share ($536 total). Monte-Carlo central case: challenged near day 9 at spot $11.07.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.50
38d
-$0.36
$-0.76 to $-0.53
70%
58%
Safety Up
$12.07
38d
-$0.89
$-1.39 to $-1.11
77%
71%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.