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Poor Man's Covered Call Strategy

Poor Man's Covered Call Strategy

A poor man’s covered call is an options strategy that allows investors to generate income by selling call options against a long-term LEAPS (Long-Term Equity Anticipation Securities) call option, rather than owning the underlying stock.

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📚 Educational Corner: Hedging a Poor Man’s Covered Call: Protective Puts, Spreads, and Tail Risk Overlays

Learn how to hedge Poor Man’s Covered Calls (PMCCs) using protective puts, credit spreads, and tail risk overlays. A trader’s guide to capital protection.

Eight Practical Ways to Hedge Your Poor Man’s Covered Calls

Andrew Crowder

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.

📚 Educational Corner: The Ratio Poor Man’s Covered Call: Using Multiple LEAPS for Smarter Options Income

Ratio PMCC Strategy: Using Multiple LEAPS for Income

From Steady to High-Octane: Poor Man’s Covered Calls at Different Volatility Levels

A side-by-side look at low, medium, and high-IV setups, revealing how implied volatility impacts returns, capital efficiency, and strategy selection for monthly income.

Andrew Crowder

Option 101: What Is a Poor Man’s Covered Call? (Beginner’s Guide)

Learn the Poor Man’s Covered Call strategy in plain English. Discover how using LEAPS instead of stock can cut costs, reduce risk, and still generate monthly options income. Perfect for beginners.

The Poor Man's Covered Put: A Smarter Way to Profit from Falling Markets

The Capital-Efficient Options Strategy That Pays You to Hedge Your Portfolio Against Market Crashes

Andrew Crowder

📚 Educational Corner: Which Strike Price Is Best for a Poor Man’s Covered Call? A Practical Guide for Options Traders

Choosing the right LEAPS strike is the most important decision in a Poor Man’s Covered Call. Here’s how to pick the one that aligns with your time horizon, capital, and risk profile.

YieldMax vs. PMCC: Understanding the Trade-Offs Between Income Innovation and Strategy Control

Why Poor Man’s Covered Calls Offer More Control, Flexibility, and Diversification Than YieldMax ETFs

Andrew Crowder

Hedged Equity, Without the Shares: Can LEAPS and Options Lower Volatility and Boost Efficiency?

Why Option-Based Equity Portfolios Might Be the Missing Middle Ground for Investors

📚 Educational Corner: The Mathematics Behind Poor Man’s Covered Calls: Delta, Theta, and Probability

How Intelligent Traders Use Delta, Theta, and Probability to Build Income With Poor Man’s Covered Calls, Without Tying Up Capital

📚 Educational Corner: Building a Lazy Way Portfolio With Options

Two Proven Paths: Poor Man’s Covered Calls vs. The Wheel Strategy, and a Model Lazy Portfolio to Start Today