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BCI PODCAST 98: Analyzing LEAPS Options for the Poor Man’s Covered Call

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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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About Alan Ellman

Alan Ellman loves options trading so much he has written four top selling books on the topic of selling covered calls, one about put-selling and a sixth book about long-term investing. Alan is a national speaker for The Money Show, The Stock Traders Expo and the American Association of Individual Investors. He also writes financial columns for both US and International publications along with his own award-winning blog.. He is a retired dentist, a personal fitness trainer, successful real estate investor, but he is known mostly for his practical and successful stock option strategies.

2 Responses to “BCI PODCAST 98: Analyzing LEAPS Options for the Poor Man’s Covered Call”

  1. joanna February 23, 2023 11:06 pm #

    not super specific question here. is it possible that a person can understand this strategy without the use of the excel calculators?

    • Alan Ellman February 24, 2023 5:41 am #

      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

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