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 $384,645 (premium included).
If challenged near half-life, buying the call back costs about $1.45/share ($435 total). Monte-Carlo central case: challenged near day 6 at spot $18.27.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$17.50
17d
-$0.02
$-0.29 to $0.15
67%
55%
Ss Escape
$21.24
45d
+$0.00
$-0.46 to $0.17
79%
74%
Safety Up
$23.74
45d
-$0.27
$-0.77 to $-0.12
84%
81%
Reliable Up
$20.24
45d
+$0.30
$-0.12 to $0.49
77%
71%
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 $19 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,270 (premium included).
If challenged near half-life, buying the call back costs about $1.58/share ($473 total). Monte-Carlo central case: challenged near day 7 at spot $19.82.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$19.00
17d
-$0.07
$-0.28 to $0.26
67%
55%
Ss Escape
$22.24
45d
+$0.14
$-0.19 to $0.49
77%
72%
Reliable Up
$21.74
45d
+$0.29
$-0.02 to $0.65
76%
70%
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 $385,275 (premium included).
If challenged near half-life, buying the call back costs about $1.24/share ($373 total). Monte-Carlo central case: challenged near day 4 at spot $15.69.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.00
17d
+$0.05
$-0.33 to $-0.07
68%
55%
Ss Escape
$18.74
45d
+$0.01
$-0.62 to $-0.20
80%
76%
Safety Up
$23.24
38d
-$0.74
$-1.49 to $-1.00
90%
89%
Reliable Up
$16.74
45d
+$0.56
$0.04 to $0.39
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 $383,505 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $21 CALL
23 Oct 2026 · 38 DTE · bid $0.65 / mid $0.91 · $195 this cycle
52.6% OTM
Survival (OTM)
81%
Income / mo
$154
Annualized
45%
EV / cycle
+$59
If assigned
-$383,505
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.98/share ($893 total). Monte-Carlo central case: challenged near day 21 at spot $21.98.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$21.00
45d
-$0.58
$-0.92 to $-0.41
69%
57%
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 $383,316 (premium included).
Called-away odds15%
SaferRiskier
SELL 3 × $22 CALL
16 Oct 2026 · 31 DTE · bid $0.28 / mid $0.60 · $84 this cycle
59.9% OTM
Survival (OTM)
85%
Income / mo
$81
Annualized
24%
EV / cycle
-$1
If assigned
-$383,316
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.84/share ($851 total). Monte-Carlo central case: challenged near day 19 at spot $22.89.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$22.00
38d
-$0.59
$-0.87 to $-0.27
68%
56%
Ss Escape
$20.74
45d
+$0.27
$0.01 to $0.74
66%
50%
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 $384,828 (premium included).
Called-away odds36%
SaferRiskier
SELL 3 × $16 CALL
16 Oct 2026 · 31 DTE · bid $1.24 / mid $1.50 · $372 this cycle
16.3% OTM
Survival (OTM)
64%
Income / mo
$360
Annualized
106%
EV / cycle
+$55
If assigned
-$384,828
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.06/share ($619 total). Monte-Carlo central case: challenged near day 9 at spot $16.68.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$16.00
38d
-$0.19
$-0.55 to $-0.34
69%
57%
Ss Escape
$15.74
45d
+$0.24
$-0.13 to $0.09
69%
56%
Safety Up
$21.74
45d
-$1.23
$-1.86 to $-1.49
85%
83%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.