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 $26 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $382,218 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $26 CALL
2 Oct 2026 · 8 DTE · bid $0.44 / mid $0.69 · $132 this cycle
22.5% OTM
Survival (OTM)
81%
Income / mo
$495
Annualized
96%
EV / cycle
+$49
If assigned
-$382,218
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.73/share ($518 total). Monte-Carlo central case: challenged near day 5 at spot $26.55.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$25.50
15d
+$0.22
$-0.06 to $0.43
67%
54%
Up And Out
$26.18
15d
+$0.01
$-0.31 to $0.18
70%
59%
Ss Escape
$30.68
36d
+$0.12
$-0.39 to $0.28
80%
75%
Safety Up
$33.68
36d
-$0.27
$-0.86 to $-0.13
84%
81%
Reliable Up
$28.68
36d
+$0.66
$0.24 to $0.85
76%
69%
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 $380,073 (premium included).
Called-away odds4%
SaferRiskier
SELL 3 × $33 CALL
2 Oct 2026 · 8 DTE · bid $0.09 / mid $0.20 · $27 this cycle
58.5% OTM
Survival (OTM)
96%
Income / mo
$101
Annualized
20%
EV / cycle
+$17
If assigned
-$380,073
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.23/share ($670 total).
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$33.00
15d
+$0.00
-
67%
54%
Ss Escape
$38.18
36d
+$0.03
-
78%
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 $22 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $382,956 (premium included).
Called-away odds36%
SaferRiskier
SELL 3 × $22 CALL
2 Oct 2026 · 8 DTE · bid $0.98 / mid $1.21 · $294 this cycle
8.1% OTM
Survival (OTM)
64%
Income / mo
$1,102
Annualized
215%
EV / cycle
+$55
If assigned
-$382,956
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.52/share ($457 total). Monte-Carlo central case: challenged near day 3 at spot $23.51.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$22.50
15d
+$0.28
$-0.14 to $0.16
67%
55%
Up And Out
$23.18
15d
+$0.06
$-0.40 to $-0.07
70%
60%
Ss Escape
$27.68
36d
+$0.10
$-0.64 to $-0.11
80%
76%
Safety Up
$32.68
29d
-$0.80
$-1.67 to $-1.07
91%
90%
Reliable Up
$25.68
36d
+$0.62
$-0.01 to $0.44
77%
70%
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 $31 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $380,421 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $31 CALL
30 Oct 2026 · 36 DTE · bid $0.93 / mid $1.28 · $279 this cycle
48.9% OTM
Survival (OTM)
80%
Income / mo
$232
Annualized
45%
EV / cycle
+$66
If assigned
-$380,421
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.
Ultra SafeDeepest OTM, lowest called-away odds▾
Strike $32 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $380,145 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $32 CALL
30 Oct 2026 · 36 DTE · bid $0.85 / mid $1.08 · $255 this cycle
53.7% OTM
Survival (OTM)
81%
Income / mo
$213
Annualized
41%
EV / cycle
+$61
If assigned
-$380,145
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.
NormalBalanced risk and income▾
Strike $24 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $382,149 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $24 CALL
30 Oct 2026 · 36 DTE · bid $2.17 / mid $2.48 · $651 this cycle
15.3% OTM
Survival (OTM)
63%
Income / mo
$542
Annualized
106%
EV / cycle
+$138
If assigned
-$382,149
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.