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 $15 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,461 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $15 CALL
21 Aug 2026 · 31 DTE · bid $0.13 / mid $0.56 · $39 this cycle
55.0% OTM
Survival (OTM)
81%
Income / mo
$38
Annualized
16%
EV / cycle
-$55
If assigned
-$385,461
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.36/share ($709 total). Monte-Carlo central case: challenged near day 17 at spot $15.81.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.00
38d
-$0.82
$-1.25 to $-0.64
67%
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 $15 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,461 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $15 CALL
21 Aug 2026 · 31 DTE · bid $0.13 / mid $0.56 · $39 this cycle
55.0% OTM
Survival (OTM)
81%
Income / mo
$38
Annualized
16%
EV / cycle
-$55
If assigned
-$385,461
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.36/share ($709 total). Monte-Carlo central case: challenged near day 17 at spot $15.81.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.00
38d
-$0.82
$-1.25 to $-0.64
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 $11 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,538 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $11 CALL
7 Aug 2026 · 17 DTE · bid $0.54 / mid $0.91 · $162 this cycle
13.6% OTM
Survival (OTM)
63%
Income / mo
$286
Annualized
120%
EV / cycle
-$56
If assigned
-$386,538
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.40/share ($420 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
24d
-$0.30
$-0.72 to $-0.46
67%
57%
Ss Escape
$10.82
38d
+$0.11
$-0.36 to $-0.08
68%
58%
Safety Up
$12.32
38d
-$0.43
$-1.00 to $-0.66
74%
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 $15 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,461 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $15 CALL
21 Aug 2026 · 31 DTE · bid $0.13 / mid $0.56 · $39 this cycle
55.0% OTM
Survival (OTM)
81%
Income / mo
$38
Annualized
16%
EV / cycle
-$55
If assigned
-$385,461
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.36/share ($709 total). Monte-Carlo central case: challenged near day 17 at spot $15.81.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.00
38d
-$0.82
$-1.25 to $-0.64
67%
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 $15 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,461 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $15 CALL
21 Aug 2026 · 31 DTE · bid $0.13 / mid $0.56 · $39 this cycle
55.0% OTM
Survival (OTM)
81%
Income / mo
$38
Annualized
16%
EV / cycle
-$55
If assigned
-$385,461
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.36/share ($709 total). Monte-Carlo central case: challenged near day 17 at spot $15.81.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.00
38d
-$0.82
$-1.25 to $-0.64
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 $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,328 (premium included).
Called-away odds36%
SaferRiskier
SELL 3 × $12 CALL
21 Aug 2026 · 31 DTE · bid $0.74 / mid $1.16 · $222 this cycle
18.8% OTM
Survival (OTM)
64%
Income / mo
$215
Annualized
90%
EV / cycle
-$43
If assigned
-$386,328
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.81/share ($544 total). Monte-Carlo central case: challenged near day 9 at spot $12.12.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
38d
-$0.51
$-0.99 to $-0.72
68%
58%
Safety Up
$11.82
38d
-$0.64
$-1.14 to $-0.86
69%
61%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.