What Is The Poor Man’s Covered Call?
Questions we’ll answer in this discussion:
- What is it?
- Who is it for?
- When to use it?
The Poor Man’s Covered Call is a very specific type of spread. As you know, we’ve been covering option spreads for several Coffee With Markus Sessions.
We’ve also covered the Covered Call’s strategy in-depth on our YouTube...
I have on occasion highlighted the benefits of using various options strategies instead of getting into stock, not the least amongst them being buying power effect. Pictured here is a 98.35 delta long call in SPY in the December 16th '22 (896 Days Until Expiration) cycle costing 183.35 ($18,335) to put on versus 312.23 spot (i.e., it would cost $31,233 to get...