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How to do a Poor Man's Covered Call
In this video I will show you how to trade a Poor Man's Covered Call (PMCC). The technical name of the Poor Man's Covered Call is a Diagonal Debit Spread. This is specific type of spread that uses a LEAPS option as the collateral needed to purchase a short call against to collect passive income in the form of options premium. Because we have more control of this option it comes with low risk and is perfect for those with small portfolios. Just using the poor man's covered call has made me thousands of dollars this year and you can too!
Check out the time stamps below for video specifics.

Time Stamps:
Intro 0:01
What Is The PMCC 1:29
Why Do This 2:10
Why Do I Love It 3:20
Step 1 4:31
Step 2 6:05
Step 3 7:35
Step 4 9:40
Step 5 12:55
When To Close 13:50
Profit 14:50
What If The Stock Tanks? 15:19
What If Assigned? 17:24
Keep Learning 18:25

DISCLAIMER: The content discussed in these videos are solely my opinion and should never be used as financial advice. This channel is for entertainment purposes only. Make sure to consult with a professional before making money decisions. This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission; all of which helps grow the channel! Thank you for your support!