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Poor Man's Covered Put Calculator
Time & DiagonalbearishDefined Risk
Buy a deep ITM put and sell shorter-term OTM puts against it for bearish income exposure.
What Is a Poor Man's Covered Put?
Buy a deep ITM put and sell shorter-term OTM puts against it for bearish income exposure. This strategy has a bearish outlook and defined risk.
Setup
BUY1x DEEP-ITM PUT
SELL1x OTM1 PUT
Max Profit
Long put intrinsic value less net debit, capped by the short put
Breakeven
Long put strike - net debit