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 $33 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $379,770 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $33 CALL
23 Oct 2026 · 30 DTE · bid $1.10 / mid $1.33 · $330 this cycle
48.2% OTM
Survival (OTM)
81%
Income / mo
$330
Annualized
60%
EV / cycle
+$139
If assigned
-$379,770
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $4.02/share ($1,207 total). Monte-Carlo central case: challenged near day 17 at spot $34.44.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$33.00
37d
-$0.64
$-1.07 to $-0.32
68%
56%
Safety Up
$33.73
37d
-$0.87
$-1.32 to $-0.62
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 $33 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $380,046 (premium included).
Called-away odds8%
SaferRiskier
SELL 3 × $33 CALL
2 Oct 2026 · 9 DTE · bid $0.18 / mid $0.27 · $54 this cycle
48.2% OTM
Survival (OTM)
92%
Income / mo
$180
Annualized
33%
EV / cycle
+$24
If assigned
-$380,046
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.59/share ($777 total). Monte-Carlo central case: challenged near day 7 at spot $34.33.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$33.00
16d
-$0.13
$-0.32 to $0.56
67%
54%
Ss Escape
$37.73
37d
+$0.16
$-0.20 to $0.86
77%
71%
Safety Up
$38.73
37d
-$0.08
$-0.48 to $0.63
78%
73%
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 $24 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $382,314 (premium included).
Called-away odds33%
SaferRiskier
SELL 3 × $24 CALL
2 Oct 2026 · 9 DTE · bid $1.12 / mid $1.39 · $336 this cycle
10.0% OTM
Survival (OTM)
67%
Income / mo
$1,120
Annualized
204%
EV / cycle
+$104
If assigned
-$382,314
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.92/share ($577 total). Monte-Carlo central case: challenged near day 4 at spot $25.49.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$24.50
16d
+$0.14
$-0.36 to $0.04
68%
55%
Up And Out
$24.73
16d
+$0.04
$-0.48 to $-0.06
68%
56%
Ss Escape
$29.23
37d
+$0.20
$-0.58 to $0.02
79%
74%
Safety Up
$35.23
30d
-$0.90
$-1.84 to $-1.15
88%
87%
Reliable Up
$27.23
37d
+$0.71
$0.02 to $0.56
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 $33 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $379,770 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $33 CALL
23 Oct 2026 · 30 DTE · bid $1.10 / mid $1.33 · $330 this cycle
48.2% OTM
Survival (OTM)
81%
Income / mo
$330
Annualized
60%
EV / cycle
+$139
If assigned
-$379,770
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $4.02/share ($1,207 total). Monte-Carlo central case: challenged near day 17 at spot $34.44.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$33.00
37d
-$0.64
$-1.07 to $-0.32
68%
56%
Safety Up
$33.73
37d
-$0.87
$-1.32 to $-0.62
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 $33 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $379,770 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $33 CALL
23 Oct 2026 · 30 DTE · bid $1.10 / mid $1.33 · $330 this cycle
48.2% OTM
Survival (OTM)
81%
Income / mo
$330
Annualized
60%
EV / cycle
+$139
If assigned
-$379,770
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $4.02/share ($1,207 total). Monte-Carlo central case: challenged near day 17 at spot $34.44.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$33.00
37d
-$0.64
$-1.07 to $-0.32
68%
56%
Safety Up
$33.73
37d
-$0.87
$-1.32 to $-0.62
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 $26 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $381,606 (premium included).
Called-away odds36%
SaferRiskier
SELL 3 × $26 CALL
23 Oct 2026 · 30 DTE · bid $1.98 / mid $2.33 · $594 this cycle
16.7% OTM
Survival (OTM)
64%
Income / mo
$594
Annualized
108%
EV / cycle
+$87
If assigned
-$381,606
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.17/share ($951 total). Monte-Carlo central case: challenged near day 10 at spot $27.14.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$26.00
37d
-$0.23
$-0.75 to $-0.43
69%
57%
Ss Escape
$24.73
37d
+$0.33
$-0.15 to $0.17
66%
50%
Safety Up
$32.73
37d
-$1.92
$-2.79 to $-2.28
83%
80%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.