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 $384,864 (premium included).
If challenged near half-life, buying the call back costs about $1.15/share ($345 total). Monte-Carlo central case: challenged near day 5 at spot $17.77.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$17.00
15d
-$0.02
$-0.26 to $0.14
66%
54%
Ss Escape
$21.03
43d
+$0.01
$-0.39 to $0.16
79%
76%
Safety Up
$21.53
43d
-$0.09
$-0.51 to $0.05
80%
77%
Reliable Up
$20.03
43d
+$0.25
$-0.10 to $0.42
77%
72%
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 $1.35/share ($405 total). Monte-Carlo central case: challenged near day 6 at spot $20.85.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
15d
-$0.12
$-0.23 to $0.24
65%
54%
Ss Escape
$23.53
43d
+$0.11
$-0.10 to $0.47
77%
72%
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 $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,530 (premium included).
If challenged near half-life, buying the call back costs about $0.98/share ($294 total). Monte-Carlo central case: challenged near day 3 at spot $15.14.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$14.50
15d
+$0.03
$-0.32 to $-0.07
66%
55%
Up And Out
$14.53
15d
+$0.02
$-0.34 to $-0.08
66%
55%
Ss Escape
$18.53
43d
+$0.00
$-0.54 to $-0.17
81%
77%
Safety Up
$21.03
43d
-$0.40
$-1.03 to $-0.60
86%
84%
Reliable Up
$17.03
43d
+$0.41
$-0.06 to $0.27
77%
72%
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 $20 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,871 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $20 CALL
23 Oct 2026 · 36 DTE · bid $0.43 / mid $0.72 · $129 this cycle
48.5% OTM
Survival (OTM)
80%
Income / mo
$108
Annualized
32%
EV / cycle
-$7
If assigned
-$383,871
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.48/share ($744 total). Monte-Carlo central case: challenged near day 20 at spot $20.86.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
43d
-$0.49
$-0.79 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 $21 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,601 (premium included).
Called-away odds17%
SaferRiskier
SELL 3 × $21 CALL
23 Oct 2026 · 36 DTE · bid $0.33 / mid $0.62 · $99 this cycle
55.9% OTM
Survival (OTM)
83%
Income / mo
$83
Annualized
25%
EV / cycle
-$12
If assigned
-$383,601
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.60/share ($781 total). Monte-Carlo central case: challenged near day 21 at spot $21.84.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$21.00
43d
-$0.56
$-0.83 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 $384,783 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $16 CALL
30 Oct 2026 · 43 DTE · bid $1.39 / mid $1.62 · $417 this cycle
18.8% OTM
Survival (OTM)
63%
Income / mo
$291
Annualized
88%
EV / cycle
+$33
If assigned
-$384,783
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.