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 $21 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,601 (premium included).
Called-away odds18%
SaferRiskier
SELL 3 × $21 CALL
16 Oct 2026 · 6 DTE · bid $0.33 / mid $0.39 · $99 this cycle
15.2% OTM
Survival (OTM)
82%
Income / mo
$495
Annualized
110%
EV / cycle
+$51
If assigned
-$383,601
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.04/share ($313 total). Monte-Carlo central case: challenged near day 4 at spot $21.78.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$21.00
13d
+$0.31
$0.09 to $0.39
67%
54%
Up And Out
$21.27
13d
+$0.21
$-0.04 to $0.28
68%
56%
Ss Escape
$27.77
41d
+$0.00
$-0.50 to $0.03
83%
81%
Safety Up
$30.77
41d
-$0.22
$-0.76 to $-0.21
88%
87%
Reliable Up
$24.77
41d
+$0.62
$0.22 to $0.68
78%
73%
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 $382,788 (premium included).
Called-away odds5%
SaferRiskier
SELL 3 × $24 CALL
16 Oct 2026 · 6 DTE · bid $0.04 / mid $0.19 · $12 this cycle
31.7% OTM
Survival (OTM)
95%
Income / mo
$60
Annualized
13%
EV / cycle
+$5
If assigned
-$382,788
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.19/share ($358 total). Monte-Carlo central case: challenged near day 5 at spot $24.93.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$24.00
13d
+$0.27
$0.12 to $0.56
66%
54%
Up And Out
$24.27
13d
+$0.16
$-0.02 to $0.45
68%
56%
Ss Escape
$30.77
41d
+$0.01
$-0.44 to $0.29
82%
80%
Reliable Up
$28.77
34d
+$0.19
$-0.19 to $0.48
80%
76%
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 $383,841 (premium included).
Called-away odds27%
SaferRiskier
SELL 3 × $20 CALL
16 Oct 2026 · 6 DTE · bid $0.53 / mid $0.57 · $159 this cycle
9.7% OTM
Survival (OTM)
73%
Income / mo
$795
Annualized
177%
EV / cycle
+$66
If assigned
-$383,841
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $0.99/share ($298 total). Monte-Carlo central case: challenged near day 3 at spot $20.71.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$20.00
13d
+$0.32
$0.07 to $0.32
67%
54%
Up And Out
$20.27
13d
+$0.22
$-0.06 to $0.21
68%
57%
Ss Escape
$25.77
41d
+$0.13
$-0.38 to $0.07
82%
79%
Safety Up
$29.77
34d
-$0.45
$-1.04 to $-0.54
90%
89%
Reliable Up
$23.77
41d
+$0.59
$0.16 to $0.56
78%
73%
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 $27 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $381,645 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $27 CALL
20 Nov 2026 · 41 DTE · bid $0.85 / mid $1.14 · $255 this cycle
48.1% OTM
Survival (OTM)
80%
Income / mo
$187
Annualized
42%
EV / cycle
+$81
If assigned
-$381,645
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 $29 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $381,162 (premium included).
Called-away odds13%
SaferRiskier
SELL 3 × $29 CALL
13 Nov 2026 · 34 DTE · bid $0.46 / mid $0.74 · $138 this cycle
59.1% OTM
Survival (OTM)
87%
Income / mo
$122
Annualized
27%
EV / cycle
+$61
If assigned
-$381,162
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $3.60/share ($1,080 total). Monte-Carlo central case: challenged near day 22 at spot $30.22.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$29.00
41d
-$0.92
$-1.19 to $-0.38
68%
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 $21 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $383,151 (premium included).
Called-away odds37%
SaferRiskier
SELL 3 × $21 CALL
20 Nov 2026 · 41 DTE · bid $1.83 / mid $2.08 · $549 this cycle
15.2% OTM
Survival (OTM)
63%
Income / mo
$402
Annualized
89%
EV / cycle
+$75
If assigned
-$383,151
If challenged: pre-priced escape map
No pre-priced escape map: the near-term chain is too sparse to anchor an honest buyback.