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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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📚 Special Report: Small Account Options Trading - PMCC Strategies Under $10,000

Learn how to trade Poor Man's Covered Calls (PMCCs) with accounts under $10,000. Complete guide to position sizing, stock selection, and risk management for small account options trading.

What Really Happens When Your PMCC Gets Assigned? (The Answer Might Surprise You)

Confused about Poor Man's Covered Call assignment? Learn the exact mechanics of what happens when your short calls get exercised, whether you need to touch your LEAPS, and the best way to handle assignment to keep maximum value.

📚 Educational Corner: JNJ Deep‐Dive - Wealth Without Shares: Small Dogs

How a capital‐efficient PMCC beat the stock on a per‐dollar basis, and why the Small Dogs portfolio makes the ride smoother.

📚 Educational Corner: How to Build Your Own "Options Dividend Portfolio" Using Covered Calls and PMCCs

Build a systematic options income portfolio. Research-backed covered call and PMCC strategies for retirement income.

Poor Man's Covered Call: How to Choose the Right Strikes

Master the Poor Man's Covered Call (PMCC) options strategy. Step-by-step guide to using LEAPS for income with 70 to 85% less capital. Perfect for Options Trader of All Levels.

Andrew Crowder

📚 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