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 $386,985 (premium included).
Called-away odds16%
SaferRiskier
SELL 3 × $10 CALL
7 Aug 2026 · 7 DTE · bid $0.05 / mid $0.28 · $15 this cycle
25.0% OTM
Survival (OTM)
84%
Income / mo
$64
Annualized
33%
EV / cycle
-$10
If assigned
-$386,985
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $0.92/share ($276 total). Monte-Carlo central case: challenged near day 4 at spot $10.52.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
14d
-$0.27
$-0.63 to $-0.22
65%
55%
Ss Escape
$10.50
35d
+$0.07
$-0.32 to $0.13
70%
63%
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 $386,844 (premium included).
Called-away odds11%
SaferRiskier
SELL 3 × $10 CALL
7 Aug 2026 · 7 DTE · bid $0.02 / mid $0.25 · $6 this cycle
31.2% OTM
Survival (OTM)
89%
Income / mo
$26
Annualized
13%
EV / cycle
-$8
If assigned
-$386,844
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $0.97/share ($290 total). Monte-Carlo central case: challenged near day 5 at spot $10.98.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.50
14d
-$0.29
$-0.56 to $-0.18
65%
55%
Ss Escape
$11.00
35d
+$0.06
$-0.22 to $0.20
70%
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 $386,865 (premium included).
Called-away odds28%
SaferRiskier
SELL 3 × $10 CALL
21 Aug 2026 · 21 DTE · bid $0.45 / mid $0.63 · $135 this cycle
25.0% OTM
Survival (OTM)
72%
Income / mo
$193
Annualized
98%
EV / cycle
+$20
If assigned
-$386,865
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.31/share ($394 total). Monte-Carlo central case: challenged near day 9 at spot $10.49.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
28d
-$0.43
$-0.79 to $-0.50
66%
57%
Safety Up
$10.50
42d
-$0.38
$-0.79 to $-0.45
70%
63%
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 $1.93/share ($579 total). Monte-Carlo central case: challenged near day 17 at spot $12.04.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$11.50
42d
-$0.83
$-1.25 to $-0.76
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 $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 5.4% is below the 12% floor: thin premium for this position size.
If challenged near half-life, buying the call back costs about $1.60/share ($479 total). Monte-Carlo central case: challenged near day 11 at spot $9.96.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
42d
-$0.62
$-1.05 to $-0.79
67%
57%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.