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 $383,859 (premium included).
Called-away odds17%
SaferRiskier
SELL 3 × $20 CALL
16 Oct 2026 · 28 DTE · bid $0.47 / mid $0.57 · $141 this cycle
43.1% OTM
Survival (OTM)
83%
Income / mo
$151
Annualized
44%
EV / cycle
+$50
If assigned
-$383,859
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.24/share ($672 total). Monte-Carlo central case: challenged near day 15 at spot $20.82.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
35d
-$0.33
$-0.61 to $-0.18
68%
56%
Ss Escape
$19.52
42d
+$0.07
$-0.22 to $0.29
67%
53%
Safety Up
$21.02
42d
-$0.42
$-0.77 to $-0.26
72%
62%
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 $1.27/share ($380 total). Monte-Carlo central case: challenged near day 6 at spot $20.72.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
14d
+$0.11
$0.04 to $0.44
67%
54%
Up And Out
$20.02
14d
+$0.11
$0.04 to $0.44
67%
54%
Ss Escape
$25.02
42d
+$0.06
$-0.18 to $0.41
82%
78%
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 $385,206 (premium included).
If challenged near half-life, buying the call back costs about $0.98/share ($295 total). Monte-Carlo central case: challenged near day 3 at spot $16.15.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$15.50
14d
+$0.20
$-0.09 to $0.16
67%
54%
Up And Out
$15.52
14d
+$0.20
$-0.09 to $0.16
67%
55%
Ss Escape
$20.52
42d
+$0.05
$-0.45 to $-0.04
84%
81%
Safety Up
$23.52
42d
-$0.44
$-1.04 to $-0.55
89%
88%
Reliable Up
$18.02
42d
+$0.40
$-0.05 to $0.33
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 $20 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,853 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $20 CALL
23 Oct 2026 · 35 DTE · bid $0.49 / mid $0.76 · $147 this cycle
43.1% OTM
Survival (OTM)
81%
Income / mo
$126
Annualized
37%
EV / cycle
+$33
If assigned
-$383,853
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.54/share ($761 total). Monte-Carlo central case: challenged near day 17 at spot $20.84.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
42d
-$0.45
$-0.78 to $-0.34
69%
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 $383,310 (premium included).
Called-away odds13%
SaferRiskier
SELL 3 × $22 CALL
23 Oct 2026 · 35 DTE · bid $0.30 / mid $0.58 · $90 this cycle
57.4% OTM
Survival (OTM)
87%
Income / mo
$77
Annualized
22%
EV / cycle
+$24
If assigned
-$383,310
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.79/share ($837 total). Monte-Carlo central case: challenged near day 21 at spot $22.87.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$22.00
42d
-$0.61
$-0.88 to $-0.19
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 $384,807 (premium included).
Called-away odds38%
SaferRiskier
SELL 3 × $16 CALL
23 Oct 2026 · 35 DTE · bid $1.31 / mid $1.57 · $393 this cycle
14.4% OTM
Survival (OTM)
62%
Income / mo
$337
Annualized
98%
EV / cycle
+$42
If assigned
-$384,807
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.03/share ($609 total). Monte-Carlo central case: challenged near day 10 at spot $16.69.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$16.00
42d
-$0.20
$-0.53 to $-0.35
69%
56%
Ss Escape
$15.02
42d
+$0.14
$-0.20 to $0.01
65%
49%
Safety Up
$19.52
42d
-$1.23
$-1.78 to $-1.48
81%
78%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.