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.
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 $386,397 (premium included).
Annualized yield 2.6% is below the 12% floor: thin premium for this position size.
Called-away odds16%
SaferRiskier
SELL 3 × $12 CALL
21 Aug 2026 · 16 DTE · bid $0.01 / mid $0.23 · $3 this cycle
38.1% OTM
Survival (OTM)
84%
Income / mo
$6
Annualized
3%
EV / cycle
-$38
If assigned
-$386,397
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.33/share ($398 total). Monte-Carlo central case: challenged near day 10 at spot $12.56.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
23d
-$0.50
$-0.78 to $-0.35
65%
55%
Ss Escape
$11.31
30d
+$0.06
$-0.19 to $0.25
63%
50%
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 $386,952 (premium included).
Called-away odds28%
SaferRiskier
SELL 3 × $10 CALL
14 Aug 2026 · 9 DTE · bid $0.16 / mid $0.34 · $48 this cycle
15.1% OTM
Survival (OTM)
72%
Income / mo
$160
Annualized
75%
EV / cycle
-$26
If assigned
-$386,952
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $0.75/share ($225 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
-$0.14
$-0.42 to $-0.18
64%
55%
Ss Escape
$11.31
44d
+$0.21
$-0.10 to $0.17
75%
69%
Reliable Up
$10.31
44d
+$0.32
$0.02 to $0.28
70%
62%
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 $1.92/share ($575 total). Monte-Carlo central case: challenged near day 17 at spot $13.11.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
44d
-$0.77
$-1.18 to $-0.74
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 $386,859 (premium included).
If challenged near half-life, buying the call back costs about $1.46/share ($438 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
-$0.51
$-0.94 to $-0.72
67%
57%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.