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Poor Man’s Covered Calls: The Definitive Guide to Smarter Options Income

Poor Man’s Covered Calls (PMCCs) use LEAPS to replace expensive stock positions, reducing capital needs by 65 to 85%. Learn how this strategy generates consistent income with flexibility and lower risk.

Best Stocks for Credit Spreads: A 7-Step Selection Framework

How to find the best stocks for credit spreads using liquidity, IV rank, IV percentile, and expected move. A step-by-step framework for consistent profits.

Earnings Season Options Trade: A Step-by-Step Guide

Learn Andy Crowder's 5-step earnings options framework: liquidity, IV rank, expected move, historical behavior, and iron condor setup with real Visa trade numbers.

How to Profit with The Wheel Strategy: A Step-by-Step Guide to Consistent Income Using a Conservative Options Strategy

Learn how The Wheel Strategy can boost your portfolio with cash-secured puts and covered calls for steady income and lowered risk.

Options Traders' Must-Have: Mastering the Expected Move

Learn how to calculate the expected move using implied volatility, place strikes outside the range, and build high-probability credit spreads with real SPY examples.

Law of Large Numbers in Options Trading: Your Statistical Edge

How the Law of Large Numbers powers probability-based options trading with 70-85% win rates. The math, the strategy, and a real SPY bear call spread example.

Most Recent Posts, Alerts, Updates

Why the Bull Put Spread Is the Defined-Risk Cousin of the Covered Call

The structural bridge between the two strategies most premium sellers run.

Andrew Crowder

The LEAPS Collar: Protecting Your PMCC When Conviction Wavers

A practitioner's guide to protecting a profitable PMCC by using the short call you are already selling to finance a protective put. Three legs. One expiration. No timing mismatch.

The Anatomy of an All-Weather PMCC

The All-Weather PMCC, walked through slowly. The two legs, the math three ways, the four-scenario stress test, and the build mistakes that quietly erode it.

Andrew Crowder

Five LEAPS, One Bet: Why Position Count Lies About Risk

Five LEAPS on different tickers can be one factor bet in disguise. Learn how correlation and factor exposure quietly hollow out a LEAPS portfolio.

Andrew Crowder

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📩 The Implied Perspective Weekly Update - May 10, 2026

JPM closed for 15.21%. SPY added to the book. Plus how rolling actually works.

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📩 The Income Foundation Weekly Update - May 10, 2026

WFC Redeployed. The May Cycle's Final Week.

📩 The Option Premium Weekly Issue - May 10, 2026

9 ETFs Above 50% IVR. 15 Pass the Dual Filter. QQQ Crossed 35%. SMH Back to 75%. Warsh Confirmation This Week.

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📩 Wealth Without Shares Weekly Update - May 10, 2026

The rally continues, the headlines stay loud, the structure holds.

How to Build a Dividend Aristocrats Portfolio with a Poor Man's Covered Call

Build an Aristocrat-style income portfolio using deep ITM LEAPS instead of stock. Same exposure, ~70% less capital, monthly premium income.

Andrew Crowder

One Number. Five Positions. The Math Most LEAPS Traders Never Run.

A practitioner's guide to LEAPS correlation, portfolio diversification, and the four-step audit that fixes a fragile options book in minutes.

Andrew Crowder

The 200-Day Moving Average as a PMCC Filter: What Two Decades of Evidence Tell Us

Why PMCC structures are uniquely sensitive to the regime the 200-day filter identifies, and what to do when the line breaks mid-trade.

Andrew Crowder

The Options Contract: What You Are Actually Agreeing To

Every options trade is a legal agreement between two parties. Most investors place their first trade without reading the fine print. Here is exactly what that agreement says, what each party owes the other, and why the mechanics matter more than most beginners realize.

Andrew Crowder

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