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 $23 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,025 (premium included).
Called-away odds15%
SaferRiskier
SELL 3 × $23 CALL
9 Oct 2026 · 6 DTE · bid $0.25 / mid $0.30 · $75 this cycle
17.8% OTM
Survival (OTM)
85%
Income / mo
$375
Annualized
78%
EV / cycle
+$37
If assigned
-$383,025
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.26/share ($377 total). Monte-Carlo central case: challenged near day 4 at spot $23.86.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$23.00
13d
+$0.06
$-0.23 to $0.22
66%
54%
Up And Out
$23.48
13d
+$0.07
$-0.20 to $0.21
70%
58%
Ss Escape
$29.48
41d
+$0.04
$-0.48 to $0.19
83%
80%
Safety Up
$30.48
41d
-$0.15
$-0.70 to $-0.01
85%
83%
Reliable Up
$28.48
41d
+$0.25
$-0.23 to $0.41
81%
77%
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 $28 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $381,738 (premium included).
Called-away odds2%
SaferRiskier
SELL 3 × $28 CALL
9 Oct 2026 · 6 DTE · bid $0.04 / mid $0.14 · $12 this cycle
40.9% OTM
Survival (OTM)
98%
Income / mo
$60
Annualized
12%
EV / cycle
+$11
If assigned
-$381,738
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.50/share ($451 total).
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$27.50
13d
-$0.06
-
65%
53%
Ss Escape
$33.98
41d
+$0.02
-
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 $20 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,682 (premium included).
Called-away odds38%
SaferRiskier
SELL 3 × $20 CALL
9 Oct 2026 · 6 DTE · bid $0.56 / mid $0.76 · $168 this cycle
5.0% OTM
Survival (OTM)
62%
Income / mo
$840
Annualized
175%
EV / cycle
-$12
If assigned
-$383,682
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.12/share ($336 total). Monte-Carlo central case: challenged near day 2 at spot $21.32.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.50
13d
+$0.11
$-0.33 to $-0.02
66%
54%
Up And Out
$20.98
13d
+$0.11
$-0.29 to $-0.01
70%
59%
Ss Escape
$26.98
41d
+$0.02
$-0.68 to $-0.19
84%
81%
Safety Up
$30.98
41d
-$0.41
$-1.20 to $-0.66
90%
89%
Reliable Up
$23.48
41d
+$0.61
$0.01 to $0.43
76%
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 $29 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $381,042 (premium included).
Called-away odds17%
SaferRiskier
SELL 3 × $29 CALL
13 Nov 2026 · 41 DTE · bid $0.86 / mid $1.14 · $258 this cycle
48.6% OTM
Survival (OTM)
83%
Income / mo
$189
Annualized
39%
EV / cycle
+$124
If assigned
-$381,042
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 $31 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $380,580 (premium included).
Called-away odds11%
SaferRiskier
SELL 3 × $31 CALL
6 Nov 2026 · 34 DTE · bid $0.40 / mid $0.72 · $120 this cycle
58.8% OTM
Survival (OTM)
89%
Income / mo
$106
Annualized
22%
EV / cycle
+$59
If assigned
-$380,580
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.48/share ($1,045 total). Monte-Carlo central case: challenged near day 21 at spot $32.33.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$31.00
41d
-$0.85
$-1.15 to $-0.45
67%
55%
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 $382,899 (premium included).
Called-away odds38%
SaferRiskier
SELL 3 × $22 CALL
6 Nov 2026 · 34 DTE · bid $1.67 / mid $1.96 · $501 this cycle
12.7% OTM
Survival (OTM)
62%
Income / mo
$442
Annualized
92%
EV / cycle
+$67
If assigned
-$382,899
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.47/share ($741 total). Monte-Carlo central case: challenged near day 10 at spot $22.85.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$22.00
41d
-$0.26
$-0.69 to $-0.45
68%
56%
Ss Escape
$20.98
41d
+$0.15
$-0.25 to $-0.02
65%
50%
Safety Up
$27.98
41d
-$1.66
$-2.32 to $-1.97
85%
83%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.