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 $383,610 (premium included).
If challenged near half-life, buying the call back costs about $1.86/share ($557 total). Monte-Carlo central case: challenged near day 6 at spot $21.97.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$21.00
16d
-$0.09
$-0.35 to $0.17
68%
55%
Ss Escape
$25.62
44d
+$0.13
$-0.31 to $0.36
80%
75%
Safety Up
$26.62
44d
-$0.08
$-0.56 to $0.13
81%
77%
Reliable Up
$24.62
44d
+$0.38
$-0.04 to $0.63
78%
72%
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 $23 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,037 (premium included).
If challenged near half-life, buying the call back costs about $2.03/share ($610 total). Monte-Carlo central case: challenged near day 7 at spot $24.12.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$23.00
16d
-$0.17
$-0.41 to $0.26
68%
55%
Ss Escape
$27.62
44d
+$0.11
$-0.36 to $0.57
79%
74%
Safety Up
$28.62
44d
-$0.12
$-0.60 to $0.33
81%
76%
Reliable Up
$26.62
44d
+$0.36
$-0.05 to $0.85
78%
71%
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 $17 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,636 (premium included).
If challenged near half-life, buying the call back costs about $1.50/share ($451 total). Monte-Carlo central case: challenged near day 4 at spot $17.80.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$17.00
16d
+$0.04
$-0.40 to $-0.10
68%
55%
Ss Escape
$21.62
44d
+$0.12
$-0.56 to $-0.10
81%
77%
Safety Up
$25.62
37d
-$0.73
$-1.54 to $-0.99
89%
88%
Reliable Up
$19.62
44d
+$0.48
$-0.15 to $0.28
77%
71%
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 $23 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $382,821 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $23 CALL
16 Oct 2026 · 37 DTE · bid $0.93 / mid $1.19 · $279 this cycle
49.5% OTM
Survival (OTM)
81%
Income / mo
$226
Annualized
60%
EV / cycle
+$129
If assigned
-$382,821
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.12/share ($936 total). Monte-Carlo central case: challenged near day 19 at spot $24.08.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$23.00
44d
-$0.51
$-0.88 to $-0.36
69%
57%
Safety Up
$24.12
44d
-$0.80
$-1.18 to $-0.71
72%
62%
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 $24 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $382,638 (premium included).
Called-away odds17%
SaferRiskier
SELL 3 × $24 CALL
9 Oct 2026 · 30 DTE · bid $0.54 / mid $0.86 · $162 this cycle
56.0% OTM
Survival (OTM)
83%
Income / mo
$162
Annualized
43%
EV / cycle
+$45
If assigned
-$382,638
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.21/share ($962 total). Monte-Carlo central case: challenged near day 17 at spot $25.06.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$24.00
37d
-$0.57
$-0.92 to $-0.25
69%
56%
Ss Escape
$23.12
44d
+$0.03
$-0.34 to $0.46
67%
53%
Safety Up
$24.62
44d
-$0.53
$-0.97 to $-0.15
71%
60%
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 $384,126 (premium included).
Called-away odds36%
SaferRiskier
SELL 3 × $18 CALL
9 Oct 2026 · 30 DTE · bid $1.58 / mid $1.82 · $474 this cycle
17.0% OTM
Survival (OTM)
64%
Income / mo
$474
Annualized
125%
EV / cycle
+$117
If assigned
-$384,126
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.41/share ($722 total). Monte-Carlo central case: challenged near day 10 at spot $18.79.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$18.00
37d
-$0.18
$-0.58 to $-0.32
70%
57%
Ss Escape
$17.62
37d
+$0.00
$-0.38 to $-0.12
69%
54%
Safety Up
$25.62
44d
-$1.57
$-2.33 to $-1.89
87%
86%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.