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 $386,349 (premium included).
If challenged near half-life, buying the call back costs about $0.98/share ($293 total). Monte-Carlo central case: challenged near day 5 at spot $12.65.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
15d
-$0.11
$-0.41 to $-0.04
65%
56%
Ss Escape
$13.49
36d
+$0.14
$-0.21 to $0.23
74%
69%
Safety Up
$13.99
36d
-$0.08
$-0.48 to $-0.01
76%
71%
Reliable Up
$12.99
36d
+$0.33
$0.01 to $0.42
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 $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,232 (premium included).
If challenged near half-life, buying the call back costs about $1.02/share ($306 total). Monte-Carlo central case: challenged near day 5 at spot $13.21.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
15d
-$0.12
$-0.40 to $-0.04
65%
56%
Ss Escape
$13.99
36d
+$0.14
$-0.19 to $0.23
74%
68%
Reliable Up
$13.49
36d
+$0.33
$0.05 to $0.43
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 $11 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,520 (premium included).
Called-away odds34%
SaferRiskier
SELL 3 × $11 CALL
7 Aug 2026 · 15 DTE · bid $0.60 / mid $0.80 · $180 this cycle
15.7% OTM
Survival (OTM)
66%
Income / mo
$360
Annualized
154%
EV / cycle
+$10
If assigned
-$386,520
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.14/share ($341 total). Monte-Carlo central case: challenged near day 6 at spot $11.59.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.00
22d
-$0.07
$-0.34 to $-0.15
67%
56%
Ss Escape
$10.99
29d
+$0.19
$-0.10 to $0.12
69%
58%
Safety Up
$13.49
29d
-$0.52
$-0.96 to $-0.67
80%
76%
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 $385,404 (premium included).
Called-away odds21%
SaferRiskier
SELL 3 × $15 CALL
28 Aug 2026 · 36 DTE · bid $0.32 / mid $0.68 · $96 this cycle
57.7% OTM
Survival (OTM)
79%
Income / mo
$80
Annualized
34%
EV / cycle
-$31
If assigned
-$385,404
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.
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 $385,404 (premium included).
Called-away odds21%
SaferRiskier
SELL 3 × $15 CALL
28 Aug 2026 · 36 DTE · bid $0.32 / mid $0.68 · $96 this cycle
57.7% OTM
Survival (OTM)
79%
Income / mo
$80
Annualized
34%
EV / cycle
-$31
If assigned
-$385,404
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.
NormalBalanced risk and income▾
Strike $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,316 (premium included).
Called-away odds36%
SaferRiskier
SELL 3 × $12 CALL
28 Aug 2026 · 36 DTE · bid $0.78 / mid $1.17 · $234 this cycle
20.9% OTM
Survival (OTM)
64%
Income / mo
$195
Annualized
83%
EV / cycle
-$45
If assigned
-$386,316
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.