The Poor Man’s Covered Call (PMCC) is a covered call writing-like strategy where a LEAPS option is purchased rather than the actual corresponding stock or ETF. Short calls are sold against this position to generate cash-flow.
This podcast will explain the term “upside potential” as it relates to the PMCC strategy and how share appreciation benefits the value of the long LEAPS in addition to widening the spread between the 2 strikes.
Links mentioned in the podcast:
https://thebluecollarinvestor.com/minimembership/bci-investor-program/
https://thebluecollarinvestor.com/minimembership/bci-trade-management-system/
