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 $387,096 (premium included).
If challenged near half-life, buying the call back costs about $0.69/share ($206 total). Monte-Carlo central case: challenged near day 4 at spot $9.98.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
13d
+$0.13
$-0.06 to $0.16
67%
56%
Up And Out
$9.56
13d
+$0.12
$-0.07 to $0.16
68%
56%
Ss Escape
$11.06
41d
+$0.10
$-0.20 to $0.11
76%
71%
Safety Up
$13.06
34d
-$0.12
$-0.45 to $-0.12
85%
82%
Reliable Up
$10.56
41d
+$0.26
$-0.02 to $0.29
74%
68%
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 $10 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,841 (premium included).
If challenged near half-life, buying the call back costs about $0.76/share ($228 total). Monte-Carlo central case: challenged near day 4 at spot $11.03.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.50
13d
+$0.12
$-0.06 to $0.22
67%
55%
Up And Out
$10.56
13d
+$0.11
$-0.06 to $0.22
67%
56%
Ss Escape
$12.06
41d
+$0.10
$-0.19 to $0.21
75%
70%
Reliable Up
$11.56
41d
+$0.27
$0.01 to $0.39
73%
67%
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 $8 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $387,351 (premium included).
If challenged near half-life, buying the call back costs about $0.62/share ($185 total). Monte-Carlo central case: challenged near day 2 at spot $8.96.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$8.50
13d
+$0.14
$-0.10 to $0.06
67%
56%
Up And Out
$8.56
13d
+$0.13
$-0.11 to $0.06
68%
57%
Ss Escape
$10.06
41d
+$0.09
$-0.28 to $-0.02
76%
72%
Safety Up
$12.06
34d
-$0.12
$-0.51 to $-0.25
86%
84%
Reliable Up
$9.06
41d
+$0.42
$0.10 to $0.32
72%
65%
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 6.8% is below the 12% floor: thin premium for this position size.
Called-away odds18%
SaferRiskier
SELL 3 × $12 CALL
28 Aug 2026 · 34 DTE · bid $0.05 / mid $0.45 · $15 this cycle
57.4% OTM
Survival (OTM)
82%
Income / mo
$13
Annualized
7%
EV / cycle
-$59
If assigned
-$386,235
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.98/share ($593 total). Monte-Carlo central case: challenged near day 18 at spot $13.12.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
41d
-$0.70
$-1.03 to $-0.59
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 odds36%
SaferRiskier
SELL 3 × $10 CALL
28 Aug 2026 · 34 DTE · bid $0.60 / mid $0.96 · $180 this cycle
19.6% OTM
Survival (OTM)
64%
Income / mo
$159
Annualized
81%
EV / cycle
-$39
If assigned
-$386,970
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.50/share ($451 total). Monte-Carlo central case: challenged near day 10 at spot $9.98.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
41d
-$0.43
$-0.80 to $-0.58
68%
58%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.