At what point can you fold into a Satellite seat?

[spyu]

I was playing in a $550 satellite yesterday for a $2650 seat.
56 entrants top 11 get a seat.
10k in chips w/ 30 min levels. blinds start at 100-100.

14 left avg chip stack about 40k. I have 31k on the cut off. blinds 1500-3k w/ 300 antes. table is very weak tight at this point. people are opening only w/ AK and JJ or better going all in pre-flop. Otherwise it's pretty much folding to the blinds where the BB gets a walk or they check it down.
What is optimum strategy here?