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 $383,916 (premium included).
Called-away odds19%
SaferRiskier
SELL 3 × $20 CALL
16 Oct 2026 · 8 DTE · bid $0.28 / mid $0.40 · $84 this cycle
18.6% OTM
Survival (OTM)
81%
Income / mo
$315
Annualized
76%
EV / cycle
+$28
If assigned
-$383,916
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.11/share ($334 total). Monte-Carlo central case: challenged near day 5 at spot $20.77.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
15d
+$0.18
$-0.03 to $0.26
66%
54%
Up And Out
$20.14
15d
+$0.11
$-0.11 to $0.19
67%
55%
Ss Escape
$25.14
43d
+$0.19
$-0.19 to $0.25
81%
78%
Safety Up
$27.14
43d
-$0.18
$-0.62 to $-0.14
85%
83%
Reliable Up
$24.14
43d
+$0.41
$0.07 to $0.49
79%
75%
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 $24 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $382,770 (premium included).
Called-away odds5%
SaferRiskier
SELL 3 × $24 CALL
16 Oct 2026 · 8 DTE · bid $0.10 / mid $0.21 · $30 this cycle
42.3% OTM
Survival (OTM)
95%
Income / mo
$112
Annualized
27%
EV / cycle
+$23
If assigned
-$382,770
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.34/share ($401 total). Monte-Carlo central case: challenged near day 6 at spot $24.92.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$24.00
15d
+$0.09
$0.02 to $0.46
66%
54%
Up And Out
$24.14
15d
+$0.01
$-0.06 to $0.38
66%
55%
Ss Escape
$29.14
43d
+$0.19
$-0.06 to $0.56
80%
76%
Safety Up
$30.14
43d
-$0.05
$-0.32 to $0.31
82%
78%
Reliable Up
$28.14
43d
+$0.43
$0.23 to $0.83
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 $18 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $384,396 (premium included).
Called-away odds36%
SaferRiskier
SELL 3 × $18 CALL
16 Oct 2026 · 8 DTE · bid $0.68 / mid $0.95 · $204 this cycle
6.8% OTM
Survival (OTM)
64%
Income / mo
$765
Annualized
184%
EV / cycle
+$34
If assigned
-$384,396
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.00/share ($301 total). Monte-Carlo central case: challenged near day 3 at spot $18.73.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$18.00
15d
+$0.21
$-0.09 to $0.13
66%
54%
Up And Out
$18.14
15d
+$0.14
$-0.17 to $0.06
67%
56%
Ss Escape
$23.14
43d
+$0.16
$-0.36 to $0.01
82%
79%
Safety Up
$26.14
29d
-$0.47
$-1.06 to $-0.64
90%
89%
Reliable Up
$22.14
43d
+$0.37
$-0.10 to $0.24
80%
76%
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 $24 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $382,620 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $24 CALL
13 Nov 2026 · 36 DTE · bid $0.60 / mid $0.97 · $180 this cycle
42.3% OTM
Survival (OTM)
80%
Income / mo
$150
Annualized
36%
EV / cycle
+$37
If assigned
-$382,620
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.71/share ($814 total). Monte-Carlo central case: challenged near day 19 at spot $24.96.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$24.00
43d
-$0.34
$-0.62 to $-0.22
68%
56%
Ss Escape
$23.14
43d
+$0.03
$-0.22 to $0.21
66%
51%
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 $26 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $382,077 (premium included).
Called-away odds15%
SaferRiskier
SELL 3 × $26 CALL
13 Nov 2026 · 36 DTE · bid $0.41 / mid $0.76 · $123 this cycle
54.2% OTM
Survival (OTM)
85%
Income / mo
$102
Annualized
25%
EV / cycle
+$32
If assigned
-$382,077
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.94/share ($882 total). Monte-Carlo central case: challenged near day 21 at spot $27.05.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$26.00
43d
-$0.47
$-0.74 to $-0.14
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 $20 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,694 (premium included).
Called-away odds36%
SaferRiskier
SELL 3 × $20 CALL
13 Nov 2026 · 36 DTE · bid $1.52 / mid $1.82 · $456 this cycle
15.7% OTM
Survival (OTM)
64%
Income / mo
$380
Annualized
91%
EV / cycle
+$67
If assigned
-$383,694
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.21/share ($662 total). Monte-Carlo central case: challenged near day 11 at spot $20.28.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$19.50
43d
-$0.09
$-0.40 to $-0.23
68%
56%
Ss Escape
$18.64
43d
+$0.27
$-0.02 to $0.16
66%
51%
Safety Up
$24.64
43d
-$1.40
$-1.96 to $-1.65
83%
81%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.