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 $21 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,598 (premium included).
If challenged near half-life, buying the call back costs about $1.38/share ($414 total). Monte-Carlo central case: challenged near day 5 at spot $21.99.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$21.00
14d
+$0.30
$0.07 to $0.48
67%
55%
Up And Out
$21.77
14d
+$0.05
$-0.25 to $0.19
71%
61%
Ss Escape
$27.27
42d
+$0.15
$-0.34 to $0.29
82%
79%
Safety Up
$30.27
42d
-$0.25
$-0.84 to $-0.13
86%
84%
Reliable Up
$26.27
42d
+$0.34
$-0.13 to $0.50
80%
76%
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 $25 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $382,476 (premium included).
If challenged near half-life, buying the call back costs about $1.64/share ($493 total). Monte-Carlo central case: challenged near day 6 at spot $26.04.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$25.00
14d
+$0.22
$0.08 to $0.67
67%
54%
Up And Out
$25.27
14d
+$0.17
$0.03 to $0.61
69%
56%
Ss Escape
$31.27
42d
+$0.16
$-0.21 to $0.65
80%
77%
Safety Up
$32.27
42d
-$0.01
$-0.40 to $0.47
82%
79%
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 $18 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,336 (premium included).
If challenged near half-life, buying the call back costs about $1.18/share ($355 total). Monte-Carlo central case: challenged near day 3 at spot $18.85.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$18.00
14d
+$0.33
$-0.02 to $0.25
68%
55%
Up And Out
$18.77
14d
+$0.08
$-0.33 to $-0.03
71%
62%
Ss Escape
$24.27
42d
+$0.11
$-0.56 to $-0.08
83%
80%
Safety Up
$26.27
21d
-$0.76
$-1.55 to $-0.98
90%
89%
Reliable Up
$22.27
42d
+$0.48
$-0.12 to $0.31
80%
75%
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 $26 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $381,987 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $26 CALL
9 Oct 2026 · 35 DTE · bid $0.71 / mid $1.00 · $213 this cycle
55.4% OTM
Survival (OTM)
81%
Income / mo
$183
Annualized
44%
EV / cycle
+$42
If assigned
-$381,987
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.42/share ($1,027 total). Monte-Carlo central case: challenged near day 20 at spot $27.20.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$26.00
42d
-$0.51
$-0.86 to $-0.23
69%
56%
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 $26 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $381,987 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $26 CALL
9 Oct 2026 · 35 DTE · bid $0.71 / mid $1.00 · $213 this cycle
55.4% OTM
Survival (OTM)
81%
Income / mo
$183
Annualized
44%
EV / cycle
+$42
If assigned
-$381,987
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.42/share ($1,027 total). Monte-Carlo central case: challenged near day 20 at spot $27.20.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$26.00
42d
-$0.51
$-0.86 to $-0.23
69%
56%
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 $20 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,517 (premium included).
Called-away odds35%
SaferRiskier
SELL 3 × $20 CALL
9 Oct 2026 · 35 DTE · bid $1.61 / mid $1.89 · $483 this cycle
19.5% OTM
Survival (OTM)
65%
Income / mo
$414
Annualized
100%
EV / cycle
+$66
If assigned
-$383,517
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.63/share ($790 total). Monte-Carlo central case: challenged near day 11 at spot $20.91.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
42d
-$0.14
$-0.53 to $-0.27
69%
57%
Ss Escape
$19.27
42d
+$0.11
$-0.26 to $-0.01
67%
53%
Safety Up
$25.27
42d
-$1.56
$-2.23 to $-1.83
82%
79%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.