Poor Man's Covered Call
A capital-efficient options strategy that mimics a traditional covered call using a deep ITM LEAP call instead of owning 100 shares — the same income potential with significantly less capital at risk.
The Poor Man's Covered Call is an intermediate to advanced options strategy that requires a solid understanding of options mechanics, time decay, and risk management. Always paper trade complex strategies before risking real capital.
Related Topics
Covered CallLEAP OptionsDiagonal SpreadTime DecayDeep ITM OptionsOptions IncomeCapital Efficiency