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 $386,340 (premium included).
Called-away odds16%
SaferRiskier
SELL 3 × $12 CALL
21 Aug 2026 · 16 DTE · bid $0.20 / mid $0.28 · $60 this cycle
37.9% OTM
Survival (OTM)
84%
Income / mo
$112
Annualized
52%
EV / cycle
+$21
If assigned
-$386,340
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.28/share ($385 total). Monte-Carlo central case: challenged near day 10 at spot $12.57.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
23d
-$0.40
$-0.63 to $-0.26
66%
55%
Ss Escape
$11.30
30d
+$0.05
$-0.19 to $0.22
63%
50%
Safety Up
$12.30
30d
-$0.11
$-0.34 to $0.04
70%
60%
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 $386,070 (premium included).
Called-away odds11%
SaferRiskier
SELL 3 × $13 CALL
21 Aug 2026 · 16 DTE · bid $0.10 / mid $0.32 · $30 this cycle
49.4% OTM
Survival (OTM)
89%
Income / mo
$56
Annualized
26%
EV / cycle
+$7
If assigned
-$386,070
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.39/share ($417 total). Monte-Carlo central case: challenged near day 10 at spot $13.57.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
23d
-$0.46
$-0.70 to $-0.23
66%
55%
Ss Escape
$12.30
37d
+$0.13
$-0.07 to $0.43
64%
51%
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 $386,913 (premium included).
Called-away odds28%
SaferRiskier
SELL 3 × $10 CALL
14 Aug 2026 · 9 DTE · bid $0.29 / mid $0.37 · $87 this cycle
14.9% OTM
Survival (OTM)
72%
Income / mo
$290
Annualized
135%
EV / cycle
+$16
If assigned
-$386,913
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $0.75/share ($224 total). Monte-Carlo central case: challenged near day 4 at spot $10.50.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
16d
-$0.06
$-0.30 to $-0.09
65%
55%
Ss Escape
$10.80
37d
+$0.02
$-0.30 to $-0.03
71%
65%
Safety Up
$13.30
44d
-$0.22
$-0.61 to $-0.29
82%
80%
Reliable Up
$10.30
30d
+$0.38
$0.15 to $0.36
70%
61%
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 $1.80/share ($540 total). Monte-Carlo central case: challenged near day 15 at spot $12.58.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
37d
-$0.78
$-1.20 to $-0.74
66%
56%
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 5.7% is below the 12% floor: thin premium for this position size.
If challenged near half-life, buying the call back costs about $1.80/share ($540 total). Monte-Carlo central case: challenged near day 18 at spot $13.07.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
44d
-$0.66
$-1.02 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 $386,847 (premium included).
If challenged near half-life, buying the call back costs about $1.50/share ($450 total). Monte-Carlo central case: challenged near day 8 at spot $10.47.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
37d
-$0.59
$-1.04 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.