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 $16 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,972 (premium included).
If challenged near half-life, buying the call back costs about $1.01/share ($303 total). Monte-Carlo central case: challenged near day 4 at spot $17.18.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$16.50
13d
+$0.23
$-0.02 to $0.32
67%
54%
Up And Out
$16.90
13d
+$0.06
$-0.24 to $0.12
69%
59%
Ss Escape
$21.40
41d
+$0.10
$-0.38 to $0.14
82%
79%
Safety Up
$22.40
34d
-$0.07
$-0.56 to $-0.05
85%
83%
Reliable Up
$19.90
41d
+$0.42
$-0.00 to $0.48
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 $20 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,985 (premium included).
If challenged near half-life, buying the call back costs about $1.23/share ($368 total). Monte-Carlo central case: challenged near day 5 at spot $20.72.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
13d
+$0.17
$0.07 to $0.47
67%
54%
Ss Escape
$24.90
41d
+$0.11
$-0.17 to $0.38
80%
77%
Safety Up
$25.90
41d
-$0.04
$-0.35 to $0.22
82%
80%
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 $385,323 (premium included).
If challenged near half-life, buying the call back costs about $0.92/share ($276 total). Monte-Carlo central case: challenged near day 3 at spot $15.66.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.00
13d
+$0.25
$-0.07 to $0.16
67%
54%
Up And Out
$15.40
13d
+$0.08
$-0.30 to $-0.03
69%
59%
Ss Escape
$19.90
41d
+$0.08
$-0.51 to $-0.08
83%
80%
Safety Up
$21.90
27d
-$0.53
$-1.21 to $-0.71
89%
89%
Reliable Up
$18.40
41d
+$0.38
$-0.15 to $0.24
79%
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 $21 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,517 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $21 CALL
16 Oct 2026 · 34 DTE · bid $0.61 / mid $0.88 · $183 this cycle
48.9% OTM
Survival (OTM)
80%
Income / mo
$161
Annualized
46%
EV / cycle
+$46
If assigned
-$383,517
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.72/share ($816 total). Monte-Carlo central case: challenged near day 19 at spot $21.93.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$21.00
41d
-$0.55
$-0.90 to $-0.33
68%
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 $22 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,259 (premium included).
Called-away odds17%
SaferRiskier
SELL 3 × $22 CALL
16 Oct 2026 · 34 DTE · bid $0.47 / mid $0.77 · $141 this cycle
56.0% OTM
Survival (OTM)
83%
Income / mo
$124
Annualized
36%
EV / cycle
+$27
If assigned
-$383,259
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.85/share ($855 total). Monte-Carlo central case: challenged near day 20 at spot $22.85.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$22.00
41d
-$0.63
$-0.96 to $-0.31
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 $384,585 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $16 CALL
23 Oct 2026 · 41 DTE · bid $1.55 / mid $1.81 · $465 this cycle
17.0% OTM
Survival (OTM)
63%
Income / mo
$340
Annualized
98%
EV / cycle
+$56
If assigned
-$384,585
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.