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 $18 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,465 (premium included).
If challenged near half-life, buying the call back costs about $1.41/share ($422 total). Monte-Carlo central case: challenged near day 5 at spot $18.86.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$18.00
15d
+$0.01
$-0.35 to $0.07
67%
55%
Up And Out
$18.30
15d
+$0.07
$-0.25 to $0.13
70%
57%
Ss Escape
$22.30
43d
+$0.16
$-0.39 to $0.17
80%
75%
Safety Up
$26.30
43d
-$0.35
$-0.99 to $-0.36
86%
85%
Reliable Up
$21.80
43d
+$0.35
$-0.17 to $0.37
79%
74%
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 $383,067 (premium included).
If challenged near half-life, buying the call back costs about $1.80/share ($540 total). Monte-Carlo central case: challenged near day 6 at spot $23.94.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$23.00
15d
-$0.17
$-0.28 to $0.36
67%
54%
Ss Escape
$27.30
43d
+$0.13
$-0.20 to $0.66
78%
73%
Safety Up
$29.30
43d
-$0.05
$-0.43 to $0.44
82%
78%
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 $16 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,987 (premium included).
If challenged near half-life, buying the call back costs about $1.25/share ($375 total). Monte-Carlo central case: challenged near day 3 at spot $16.76.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$16.00
15d
+$0.06
$-0.35 to $-0.05
67%
55%
Up And Out
$16.30
15d
+$0.10
$-0.26 to $0.00
70%
58%
Ss Escape
$20.30
43d
+$0.14
$-0.49 to $-0.04
81%
77%
Safety Up
$24.30
36d
-$0.50
$-1.20 to $-0.71
90%
89%
Reliable Up
$18.80
43d
+$0.49
$-0.05 to $0.34
78%
72%
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 $382,866 (premium included).
Called-away odds16%
SaferRiskier
SELL 3 × $23 CALL
16 Oct 2026 · 36 DTE · bid $0.78 / mid $1.03 · $234 this cycle
56.5% OTM
Survival (OTM)
84%
Income / mo
$195
Annualized
54%
EV / cycle
+$130
If assigned
-$382,866
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.24/share ($971 total). Monte-Carlo central case: challenged near day 20 at spot $24.02.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$23.00
43d
-$0.58
$-0.94 to $-0.36
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 $23 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $382,866 (premium included).
Called-away odds16%
SaferRiskier
SELL 3 × $23 CALL
16 Oct 2026 · 36 DTE · bid $0.78 / mid $1.03 · $234 this cycle
56.5% OTM
Survival (OTM)
84%
Income / mo
$195
Annualized
54%
EV / cycle
+$130
If assigned
-$382,866
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.24/share ($971 total). Monte-Carlo central case: challenged near day 20 at spot $24.02.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$23.00
43d
-$0.58
$-0.94 to $-0.36
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 $17 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,378 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $17 CALL
16 Oct 2026 · 36 DTE · bid $1.74 / mid $1.96 · $522 this cycle
15.6% OTM
Survival (OTM)
63%
Income / mo
$435
Annualized
120%
EV / cycle
+$129
If assigned
-$384,378
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.39/share ($718 total). Monte-Carlo central case: challenged near day 10 at spot $17.74.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$17.00
43d
-$0.17
$-0.54 to $-0.33
70%
57%
Ss Escape
$15.80
43d
+$0.05
$-0.39 to $-0.14
65%
49%
Safety Up
$24.30
43d
-$1.73
$-2.42 to $-2.04
88%
86%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.