No advice! Just an opionion! For an advice I would recommend to seek a help of a licenced advisor :-).
o be fair, not really an original idea, just an inspiraton based on the SA article quoted here. Some time ago, I was experimenting with selling (not buying) call options at $15, this is simmilar concept, just on the lower end of the trade range.
But as I said, see LAC diving below $10, due to missing battery factory in in the plan. Hoping to be wrong on this one thought.