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 $386,175 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $12 CALL
21 Aug 2026 · 23 DTE · bid $0.25 / mid $0.39 · $75 this cycle
46.3% OTM
Survival (OTM)
82%
Income / mo
$98
Annualized
46%
EV / cycle
+$7
If assigned
-$386,175
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.76/share ($529 total). Monte-Carlo central case: challenged near day 13 at spot $13.16.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
30d
-$0.55
$-0.89 to $-0.44
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 $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,175 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $12 CALL
21 Aug 2026 · 23 DTE · bid $0.25 / mid $0.39 · $75 this cycle
46.3% OTM
Survival (OTM)
82%
Income / mo
$98
Annualized
46%
EV / cycle
+$7
If assigned
-$386,175
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.76/share ($529 total). Monte-Carlo central case: challenged near day 13 at spot $13.16.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
30d
-$0.55
$-0.89 to $-0.44
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 $387,048 (premium included).
Called-away odds35%
SaferRiskier
SELL 3 × $10 CALL
7 Aug 2026 · 9 DTE · bid $0.34 / mid $0.63 · $102 this cycle
11.2% OTM
Survival (OTM)
65%
Income / mo
$340
Annualized
161%
EV / cycle
-$19
If assigned
-$387,048
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $0.99/share ($296 total). Monte-Carlo central case: challenged near day 4 at spot $10.03.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
16d
-$0.15
$-0.53 to $-0.26
67%
56%
Ss Escape
$9.96
30d
+$0.16
$-0.25 to $0.04
72%
63%
Safety Up
$10.96
30d
-$0.20
$-0.67 to $-0.35
76%
71%
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 $13 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,025 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $13 CALL
28 Aug 2026 · 30 DTE · bid $0.25 / mid $0.45 · $75 this cycle
52.1% OTM
Survival (OTM)
80%
Income / mo
$75
Annualized
36%
EV / cycle
-$15
If assigned
-$386,025
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.04/share ($612 total). Monte-Carlo central case: challenged near day 16 at spot $13.70.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
37d
-$0.66
$-1.02 to $-0.54
68%
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 $13 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,025 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $13 CALL
28 Aug 2026 · 30 DTE · bid $0.25 / mid $0.45 · $75 this cycle
52.1% OTM
Survival (OTM)
80%
Income / mo
$75
Annualized
36%
EV / cycle
-$15
If assigned
-$386,025
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.04/share ($612 total). Monte-Carlo central case: challenged near day 16 at spot $13.70.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
37d
-$0.66
$-1.02 to $-0.54
68%
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 $386,760 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $10 CALL
28 Aug 2026 · 30 DTE · bid $0.80 / mid $1.06 · $240 this cycle
17.0% OTM
Survival (OTM)
63%
Income / mo
$240
Annualized
114%
EV / cycle
-$1
If assigned
-$386,760
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.57/share ($471 total). Monte-Carlo central case: challenged near day 9 at spot $10.52.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
37d
-$0.40
$-0.79 to $-0.58
68%
58%
Safety Up
$10.96
37d
-$0.77
$-1.24 to $-0.99
73%
67%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.