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 $386,832 (premium included).
Called-away odds15%
SaferRiskier
SELL 3 × $10 CALL
14 Aug 2026 · 7 DTE · bid $0.06 / mid $0.13 · $18 this cycle
23.8% OTM
Survival (OTM)
85%
Income / mo
$77
Annualized
37%
EV / cycle
-$4
If assigned
-$386,832
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $0.84/share ($253 total). Monte-Carlo central case: challenged near day 5 at spot $10.96.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$10.50
14d
+$0.02
$-0.22 to $0.11
67%
55%
Up And Out
$10.52
14d
+$0.01
$-0.23 to $0.10
67%
55%
Ss Escape
$12.02
42d
+$0.00
$-0.36 to $0.10
75%
70%
Reliable Up
$11.02
42d
+$0.32
$0.01 to $0.43
71%
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 $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,370 (premium included).
Called-away odds13%
SaferRiskier
SELL 3 × $12 CALL
21 Aug 2026 · 14 DTE · bid $0.10 / mid $0.23 · $30 this cycle
41.5% OTM
Survival (OTM)
87%
Income / mo
$64
Annualized
31%
EV / cycle
+$2
If assigned
-$386,370
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.01/share ($303 total). Monte-Carlo central case: challenged near day 9 at spot $12.60.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
21d
-$0.12
$-0.27 to $0.01
66%
55%
Ss Escape
$12.52
35d
+$0.02
$-0.18 to $0.16
70%
62%
Reliable Up
$12.52
42d
+$0.20
$-0.03 to $0.34
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 $387,009 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $10 CALL
28 Aug 2026 · 21 DTE · bid $0.47 / mid $0.79 · $141 this cycle
12.0% OTM
Survival (OTM)
63%
Income / mo
$201
Annualized
96%
EV / cycle
-$34
If assigned
-$387,009
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.16/share ($348 total). Monte-Carlo central case: challenged near day 6 at spot $9.91.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
28d
-$0.28
$-0.63 to $-0.43
67%
57%
Ss Escape
$9.02
35d
+$0.03
$-0.31 to $-0.10
65%
52%
Safety Up
$10.02
35d
-$0.35
$-0.75 to $-0.52
71%
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 $1.72/share ($515 total). Monte-Carlo central case: challenged near day 17 at spot $12.53.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.00
42d
-$0.53
$-0.86 to $-0.50
67%
58%
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 $386,229 (premium included).
Annualized yield 8.6% is below the 12% floor: thin premium for this position size.
If challenged near half-life, buying the call back costs about $1.79/share ($537 total). Monte-Carlo central case: challenged near day 18 at spot $13.03.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
42d
-$0.57
$-0.89 to $-0.48
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 $386,778 (premium included).