Ask Alan 229: Can We Use ITM Short Calls with the Poor Man’s Covered Call?
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The PMCC is a covered call writing-like strategy which utilizes deep in-the-money LEAPS options (expiring 9 – 24 months out) as the long position. Short, covered calls are sold against the LEAPS position.
The video addresses the rationale for using out-of-the-money short calls and not in-the-money covered calls with this strategy.
The very important BCI Trade Initialization formula and PMCC Calculator are integral components of this presentation.
Links mentioned in the video:
Best BCI Package:
https://thebluecollarinvestor.com/minimembership/bci-investor-program/
The trade management system:
https://thebluecollarinvestor.com/minimembership/bci-trade-management-system/
The CEO Package:
https://thebluecollarinvestor.com/minimembership/ceo-package/
FIND BCI ON AMAZON
https://amzn.to/Nx2Zqk
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