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Poor Man's Covered Call (PMCC) Calculator
Time & DiagonalbullishDefined Risk
Buy a deep ITM LEAPS call and sell short-term OTM calls against it. Lower capital than a covered call.
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What Is a Poor Man's Covered Call (PMCC)?
Buy a deep ITM LEAPS call and sell short-term OTM calls against it. Lower capital than a covered call. This strategy has a bullish outlook and defined risk.
Setup
BUY1x DEEP-ITM CALL
SELL1x OTM1 CALL
Max Profit
Short call strike - long call strike - net debit + short call premium