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 $386,355 (premium included).
Called-away odds17%
SaferRiskier
SELL 3 × $12 CALL
21 Aug 2026 · 15 DTE · bid $0.15 / mid $0.28 · $45 this cycle
33.8% OTM
Survival (OTM)
83%
Income / mo
$90
Annualized
41%
EV / cycle
+$1
If assigned
-$386,355
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.08/share ($325 total). Monte-Carlo central case: challenged near day 8 at spot $12.56.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
22d
-$0.25
$-0.50 to $-0.21
65%
55%
Ss Escape
$13.03
43d
+$0.03
$-0.23 to $0.09
73%
66%
Reliable Up
$12.03
43d
+$0.24
$-0.01 to $0.32
68%
58%
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 $386,085 (premium included).
Called-away odds12%
SaferRiskier
SELL 3 × $13 CALL
21 Aug 2026 · 15 DTE · bid $0.05 / mid $0.30 · $15 this cycle
44.9% OTM
Survival (OTM)
88%
Income / mo
$30
Annualized
14%
EV / cycle
-$10
If assigned
-$386,085
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.17/share ($352 total). Monte-Carlo central case: challenged near day 10 at spot $13.62.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.00
22d
-$0.30
$-0.49 to $-0.14
65%
55%
Ss Escape
$14.03
43d
+$0.01
$-0.20 to $0.21
72%
65%
Reliable Up
$13.03
43d
+$0.21
$0.04 to $0.43
68%
58%
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 $386,922 (premium included).
Called-away odds30%
SaferRiskier
SELL 3 × $10 CALL
14 Aug 2026 · 8 DTE · bid $0.26 / mid $0.38 · $78 this cycle
11.5% OTM
Survival (OTM)
70%
Income / mo
$293
Annualized
132%
EV / cycle
+$5
If assigned
-$386,922
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $0.70/share ($210 total). Monte-Carlo central case: challenged near day 4 at spot $10.45.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.00
15d
-$0.09
$-0.37 to $-0.15
64%
55%
Ss Escape
$11.03
29d
+$0.00
$-0.32 to $-0.07
73%
67%
Safety Up
$15.03
43d
-$0.24
$-0.63 to $-0.32
87%
86%
Reliable Up
$11.03
43d
+$0.33
$0.04 to $0.28
74%
67%
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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,665 (premium included).
If challenged near half-life, buying the call back costs about $1.47/share ($440 total). Monte-Carlo central case: challenged near day 11 at spot $10.95.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.50
43d
-$0.44
$-0.81 to $-0.59
67%
57%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.