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 $386,883 (premium included).
If challenged near half-life, buying the call back costs about $1.28/share ($384 total). Monte-Carlo central case: challenged near day 7 at spot $10.10.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
17d
-$0.49
$-0.82 to $-0.33
91%
51%
Ss Escape
$10.16
38d
+$0.04
$-0.29 to $0.24
93%
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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,773 (premium included).
Called-away odds0%
SaferRiskier
SELL 3 × $14 CALL
14 Aug 2026 · 24 DTE · bid $0.09 / mid $0.43 · $27 this cycle
49.9% OTM
Survival (OTM)
99+%
Income / mo
$34
Annualized
15%
EV / cycle
+$27
If assigned
-$385,773
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.33/share ($699 total).
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.00
31d
-$1.64
-
92%
51%
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 $386,745 (premium included).
Called-away odds22%
SaferRiskier
SELL 3 × $10 CALL
14 Aug 2026 · 24 DTE · bid $0.85 / mid $1.20 · $255 this cycle
7.1% OTM
Survival (OTM)
78%
Income / mo
$319
Annualized
138%
EV / cycle
+$236
If assigned
-$386,745
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.66/share ($499 total). Monte-Carlo central case: challenged near day 11 at spot $10.11.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
31d
-$0.61
$-1.00 to $-0.61
92%
51%
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 $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 odds13%
SaferRiskier
SELL 3 × $10 CALL
21 Aug 2026 · 31 DTE · bid $1.00 / mid $1.30 · $300 this cycle
12.4% OTM
Survival (OTM)
87%
Income / mo
$290
Annualized
126%
EV / cycle
+$292
If assigned
-$386,550
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.91/share ($573 total). Monte-Carlo central case: challenged near day 19 at spot $10.61.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.50
38d
-$0.78
$-1.04 to $-0.53
92%
51%
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 odds0%
SaferRiskier
SELL 3 × $14 CALL
21 Aug 2026 · 31 DTE · bid $0.40 / mid $0.54 · $120 this cycle
49.9% OTM
Survival (OTM)
99+%
Income / mo
$116
Annualized
50%
EV / cycle
+$120
If assigned
-$385,680
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.55/share ($764 total).
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.00
38d
-$1.79
-
92%
51%
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 $386,607 (premium included).
Called-away odds27%
SaferRiskier
SELL 3 × $10 CALL
28 Aug 2026 · 38 DTE · bid $1.31 / mid $1.61 · $393 this cycle
7.1% OTM
Survival (OTM)
73%
Income / mo
$310
Annualized
135%
EV / cycle
+$359
If assigned
-$386,607
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.