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 $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,526 (premium included).
Called-away odds21%
SaferRiskier
SELL 3 × $12 CALL
21 Aug 2026 · 28 DTE · bid $0.08 / mid $0.52 · $24 this cycle
44.4% OTM
Survival (OTM)
79%
Income / mo
$26
Annualized
13%
EV / cycle
-$61
If assigned
-$386,526
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.85/share ($556 total). Monte-Carlo central case: challenged near day 14 at spot $12.12.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
35d
-$0.73
$-1.15 to $-0.70
67%
57%
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 $11 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,697 (premium included).
Annualized yield 6.5% is below the 12% floor: thin premium for this position size.
If challenged near half-life, buying the call back costs about $1.05/share ($314 total). Monte-Carlo central case: challenged near day 5 at spot $11.56.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.00
14d
-$0.29
$-0.61 to $-0.11
65%
55%
Ss Escape
$12.04
42d
+$0.01
$-0.35 to $0.22
73%
67%
Reliable Up
$11.54
42d
+$0.20
$-0.13 to $0.42
71%
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 $386,790 (premium included).
Called-away odds31%
SaferRiskier
SELL 3 × $10 CALL
21 Aug 2026 · 28 DTE · bid $0.70 / mid $0.96 · $210 this cycle
25.5% OTM
Survival (OTM)
69%
Income / mo
$225
Annualized
115%
EV / cycle
+$52
If assigned
-$386,790
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.61/share ($484 total). Monte-Carlo central case: challenged near day 11 at spot $10.53.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
35d
-$0.59
$-1.04 to $-0.70
67%
58%
Safety Up
$10.54
42d
-$0.64
$-1.13 to $-0.76
71%
63%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.
ConservativeSafe, deep OTM▾
Strike $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,235 (premium included).
Annualized yield 6.5% is below the 12% floor: thin premium for this position size.
Called-away odds20%
SaferRiskier
SELL 3 × $12 CALL
28 Aug 2026 · 35 DTE · bid $0.05 / mid $0.52 · $15 this cycle
56.9% OTM
Survival (OTM)
80%
Income / mo
$13
Annualized
7%
EV / cycle
-$81
If assigned
-$386,235
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.21/share ($662 total). Monte-Carlo central case: challenged near day 18 at spot $13.14.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
42d
-$0.94
$-1.36 to $-0.80
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 $386,970 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $10 CALL
28 Aug 2026 · 35 DTE · bid $0.60 / mid $1.06 · $180 this cycle
19.3% OTM
Survival (OTM)
63%
Income / mo
$154
Annualized
79%
EV / cycle
-$65
If assigned
-$386,970
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.68/share ($503 total). Monte-Carlo central case: challenged near day 10 at spot $9.99.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
42d
-$0.61
$-1.07 to $-0.80
68%
58%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.