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 $20 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,051 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $20 CALL
2 Oct 2026 · 18 DTE · bid $0.33 / mid $0.62 · $99 this cycle
33.1% OTM
Survival (OTM)
82%
Income / mo
$165
Annualized
46%
EV / cycle
+$16
If assigned
-$384,051
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.96/share ($587 total). Monte-Carlo central case: challenged near day 10 at spot $20.42.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$19.50
25d
-$0.14
$-0.44 to $0.01
68%
55%
Ss Escape
$20.85
39d
+$0.02
$-0.40 to $0.17
73%
64%
Safety Up
$21.35
39d
-$0.20
$-0.66 to $-0.05
74%
67%
Reliable Up
$19.85
39d
+$0.37
$0.01 to $0.58
70%
59%
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 $21 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,655 (premium included).
Called-away odds13%
SaferRiskier
SELL 3 × $21 CALL
2 Oct 2026 · 18 DTE · bid $0.15 / mid $0.43 · $45 this cycle
43.3% OTM
Survival (OTM)
87%
Income / mo
$75
Annualized
21%
EV / cycle
-$2
If assigned
-$383,655
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.11/share ($632 total). Monte-Carlo central case: challenged near day 11 at spot $21.89.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$21.00
25d
-$0.21
$-0.43 to $0.04
68%
55%
Ss Escape
$21.85
39d
+$0.14
$-0.15 to $0.44
71%
61%
Safety Up
$22.35
39d
-$0.03
$-0.36 to $0.24
72%
64%
Reliable Up
$21.35
39d
+$0.33
$0.07 to $0.65
70%
59%
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 $384,978 (premium included).
If challenged near half-life, buying the call back costs about $1.36/share ($408 total). Monte-Carlo central case: challenged near day 4 at spot $16.70.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$16.00
18d
+$0.01
$-0.38 to $-0.14
67%
55%
Ss Escape
$18.85
39d
+$0.00
$-0.59 to $-0.22
77%
72%
Safety Up
$22.35
39d
-$0.62
$-1.34 to $-0.89
85%
83%
Reliable Up
$17.35
39d
+$0.46
$-0.05 to $0.26
74%
66%
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 $22 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,256 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $22 CALL
16 Oct 2026 · 32 DTE · bid $0.48 / mid $0.78 · $144 this cycle
50.2% OTM
Survival (OTM)
81%
Income / mo
$135
Annualized
37%
EV / cycle
+$1
If assigned
-$383,256
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.83/share ($848 total). Monte-Carlo central case: challenged near day 18 at spot $23.04.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$22.00
39d
-$0.51
$-0.85 to $-0.26
68%
56%
Ss Escape
$20.85
39d
+$0.01
$-0.25 to $0.35
65%
49%
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 $382,989 (premium included).
Called-away odds17%
SaferRiskier
SELL 3 × $23 CALL
16 Oct 2026 · 32 DTE · bid $0.37 / mid $0.68 · $111 this cycle
57.0% OTM
Survival (OTM)
83%
Income / mo
$104
Annualized
29%
EV / cycle
-$9
If assigned
-$382,989
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.96/share ($887 total). Monte-Carlo central case: challenged near day 19 at spot $23.97.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$23.00
39d
-$0.59
$-0.86 to $-0.27
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 $17 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,495 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $17 CALL
16 Oct 2026 · 32 DTE · bid $1.35 / mid $1.57 · $405 this cycle
16.0% OTM
Survival (OTM)
63%
Income / mo
$380
Annualized
105%
EV / cycle
+$42
If assigned
-$384,495
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.19/share ($656 total). Monte-Carlo central case: challenged near day 10 at spot $17.75.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$17.00
39d
-$0.20
$-0.58 to $-0.35
69%
57%
Ss Escape
$16.35
39d
+$0.08
$-0.27 to $-0.05
67%
52%
Safety Up
$20.85
39d
-$1.32
$-1.95 to $-1.59
80%
77%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.