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The Poor Man’s Covered call strategy uses LEAPS options as a replacement for stock and ETF shares. The cost to enter the trade is much lower than using traditional covered call writing. of course, there are pros & cons to this PMCC strategy. This podcast addresses how to select the best LEAPS for our long positions. The presentation will include discussions of Delta, calculations, initial trade structuring and other factors that will guide us to the best strike and expiration decisions.
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not super specific question here. is it possible that a person can understand this strategy without the use of the excel calculators?
Joanna,
An investor can be educated to understand the PMCC strategy (BCI has a book and an online video course) without Excel spreadsheets, but the implementation of the strategy will be exponentially more challenging without them.
Alan