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 $17 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,810 (premium included).
If challenged near half-life, buying the call back costs about $1.31/share ($394 total). Monte-Carlo central case: challenged near day 5 at spot $17.79.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$17.00
14d
-$0.09
$-0.42 to $0.06
67%
54%
Ss Escape
$21.32
42d
+$0.05
$-0.43 to $0.19
81%
77%
Safety Up
$23.32
42d
-$0.28
$-0.82 to $-0.17
85%
82%
Reliable Up
$19.32
42d
+$0.37
$-0.06 to $0.53
76%
70%
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 $18 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,537 (premium included).
If challenged near half-life, buying the call back costs about $1.39/share ($417 total). Monte-Carlo central case: challenged near day 5 at spot $18.80.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$18.00
14d
-$0.13
$-0.42 to $0.10
67%
54%
Ss Escape
$22.32
42d
+$0.05
$-0.38 to $0.28
80%
76%
Safety Up
$23.32
42d
-$0.15
$-0.61 to $0.08
82%
79%
Reliable Up
$21.32
42d
+$0.26
$-0.14 to $0.50
78%
73%
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 $15 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,320 (premium included).
If challenged near half-life, buying the call back costs about $1.16/share ($348 total). Monte-Carlo central case: challenged near day 3 at spot $15.68.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.00
14d
-$0.03
$-0.49 to $-0.15
67%
54%
Ss Escape
$19.32
42d
+$0.04
$-0.60 to $-0.14
82%
78%
Safety Up
$22.32
35d
-$0.59
$-1.35 to $-0.80
88%
86%
Reliable Up
$16.82
42d
+$0.47
$-0.10 to $0.33
75%
68%
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 $21 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,493 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $21 CALL
23 Oct 2026 · 42 DTE · bid $0.69 / mid $1.00 · $207 this cycle
53.5% OTM
Survival (OTM)
80%
Income / mo
$148
Annualized
44%
EV / cycle
+$61
If assigned
-$383,493
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.
Ultra SafeDeepest OTM, lowest called-away odds▾
Strike $21 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,529 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $21 CALL
16 Oct 2026 · 35 DTE · bid $0.57 / mid $0.84 · $171 this cycle
53.5% OTM
Survival (OTM)
81%
Income / mo
$147
Annualized
43%
EV / cycle
+$37
If assigned
-$383,529
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.93/share ($880 total). Monte-Carlo central case: challenged near day 19 at spot $21.89.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$21.00
42d
-$0.67
$-1.04 to $-0.46
68%
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 $16 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,819 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $16 CALL
16 Oct 2026 · 35 DTE · bid $1.27 / mid $1.60 · $381 this cycle
17.0% OTM
Survival (OTM)
63%
Income / mo
$327
Annualized
97%
EV / cycle
+$25
If assigned
-$384,819
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.24/share ($671 total). Monte-Carlo central case: challenged near day 11 at spot $16.75.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$16.00
42d
-$0.31
$-0.72 to $-0.47
69%
57%
Ss Escape
$15.32
42d
+$0.13
$-0.20 to $0.02
68%
52%
Safety Up
$19.32
42d
-$1.23
$-1.80 to $-1.46
80%
76%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.