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 $11 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,676 (premium included).
Called-away odds17%
SaferRiskier
SELL 3 × $11 CALL
7 Aug 2026 · 7 DTE · bid $0.08 / mid $0.17 · $24 this cycle
25.4% OTM
Survival (OTM)
83%
Income / mo
$103
Annualized
48%
EV / cycle
-$7
If assigned
-$386,676
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $0.93/share ($279 total). Monte-Carlo central case: challenged near day 5 at spot $11.54.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.00
14d
-$0.19
$-0.46 to $-0.10
65%
55%
Ss Escape
$11.73
35d
+$0.02
$-0.30 to $0.12
71%
64%
Safety Up
$12.23
35d
-$0.02
$-0.34 to $0.08
73%
68%
Reliable Up
$11.23
42d
+$0.32
$0.02 to $0.44
69%
61%
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 $386,091 (premium included).
Called-away odds6%
SaferRiskier
SELL 3 × $13 CALL
7 Aug 2026 · 7 DTE · bid $0.03 / mid $0.09 · $9 this cycle
48.2% OTM
Survival (OTM)
94%
Income / mo
$39
Annualized
18%
EV / cycle
+$2
If assigned
-$386,091
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.10/share ($330 total). Monte-Carlo central case: challenged near day 6 at spot $13.74.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
14d
-$0.28
$-0.55 to $-0.03
65%
55%
Ss Escape
$13.73
42d
+$0.08
$-0.25 to $0.37
70%
64%
Reliable Up
$13.23
42d
+$0.29
$0.01 to $0.60
69%
61%
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 $387,030 (premium included).
Called-away odds36%
SaferRiskier
SELL 3 × $10 CALL
7 Aug 2026 · 7 DTE · bid $0.40 / mid $0.55 · $120 this cycle
8.3% OTM
Survival (OTM)
64%
Income / mo
$514
Annualized
238%
EV / cycle
+$9
If assigned
-$387,030
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $0.80/share ($241 total). Monte-Carlo central case: challenged near day 3 at spot $10.00.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
14d
-$0.14
$-0.52 to $-0.26
65%
55%
Ss Escape
$10.23
35d
+$0.04
$-0.42 to $-0.11
71%
65%
Safety Up
$12.23
35d
-$0.34
$-0.86 to $-0.51
80%
78%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
If challenged near half-life, buying the call back costs about $1.85/share ($556 total). Monte-Carlo central case: challenged near day 17 at spot $13.10.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
42d
-$0.66
$-1.04 to $-0.63
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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,776 (premium included).
Annualized yield 9.5% is below the 12% floor: thin premium for this position size.
If challenged near half-life, buying the call back costs about $2.08/share ($623 total). Monte-Carlo central case: challenged near day 20 at spot $14.70.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.00
42d
-$0.80
$-1.16 to $-0.64
66%
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 $386,652 (premium included).
If challenged near half-life, buying the call back costs about $1.56/share ($467 total). Monte-Carlo central case: challenged near day 11 at spot $11.00.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.50
42d
-$0.49
$-0.88 to $-0.66
67%
58%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.