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 $383,880 (premium included).
If challenged near half-life, buying the call back costs about $1.57/share ($471 total). Monte-Carlo central case: challenged near day 6 at spot $20.87.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
17d
+$0.00
$-0.24 to $0.19
67%
55%
Ss Escape
$24.26
45d
+$0.06
$-0.40 to $0.25
79%
74%
Safety Up
$25.76
45d
-$0.24
$-0.74 to $-0.07
81%
78%
Reliable Up
$23.76
45d
+$0.24
$-0.18 to $0.44
78%
73%
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 $382,770 (premium included).
If challenged near half-life, buying the call back costs about $1.88/share ($565 total). Monte-Carlo central case: challenged near day 8 at spot $24.82.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$24.00
17d
-$0.15
$-0.08 to $0.48
67%
54%
Ss Escape
$27.76
45d
+$0.19
$0.20 to $0.88
77%
71%
Reliable Up
$28.76
45d
-$0.11
$-0.15 to $0.55
78%
74%
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 $384,777 (premium included).
If challenged near half-life, buying the call back costs about $1.29/share ($388 total). Monte-Carlo central case: challenged near day 4 at spot $17.24.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$16.50
17d
+$0.09
$-0.27 to $-0.04
67%
55%
Ss Escape
$20.76
45d
+$0.05
$-0.57 to $-0.18
80%
76%
Safety Up
$25.26
38d
-$0.77
$-1.55 to $-1.06
89%
88%
Reliable Up
$19.26
45d
+$0.46
$-0.09 to $0.26
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 $382,953 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $23 CALL
16 Oct 2026 · 31 DTE · bid $0.49 / mid $0.74 · $147 this cycle
50.9% OTM
Survival (OTM)
82%
Income / mo
$142
Annualized
38%
EV / cycle
+$14
If assigned
-$382,953
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.82/share ($846 total). Monte-Carlo central case: challenged near day 18 at spot $24.00.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$23.00
38d
-$0.42
$-0.72 to $-0.16
69%
56%
Ss Escape
$22.76
45d
+$0.02
$-0.32 to $0.35
68%
56%
Safety Up
$24.26
45d
-$0.48
$-0.88 to $-0.20
72%
63%
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 $382,686 (premium included).
Called-away odds16%
SaferRiskier
SELL 3 × $24 CALL
16 Oct 2026 · 31 DTE · bid $0.38 / mid $0.65 · $114 this cycle
57.5% OTM
Survival (OTM)
84%
Income / mo
$110
Annualized
29%
EV / cycle
+$2
If assigned
-$382,686
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.94/share ($883 total). Monte-Carlo central case: challenged near day 19 at spot $25.12.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$24.00
38d
-$0.49
$-0.75 to $-0.16
68%
56%
Ss Escape
$23.26
45d
+$0.14
$-0.12 to $0.58
67%
53%
Safety Up
$24.26
45d
-$0.24
$-0.54 to $0.16
69%
58%
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 $384,195 (premium included).
Called-away odds35%
SaferRiskier
SELL 3 × $18 CALL
16 Oct 2026 · 31 DTE · bid $1.35 / mid $1.60 · $405 this cycle
18.1% OTM
Survival (OTM)
65%
Income / mo
$392
Annualized
104%
EV / cycle
+$63
If assigned
-$384,195
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.21/share ($662 total). Monte-Carlo central case: challenged near day 10 at spot $18.80.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$18.00
38d
-$0.13
$-0.46 to $-0.27
69%
57%
Ss Escape
$18.26
45d
+$0.07
$-0.33 to $-0.10
70%
59%
Safety Up
$23.76
45d
-$1.32
$-2.01 to $-1.63
83%
81%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.