Options Education8 min
How to Use LEAPs in an Options Income Strategy
The primary income-focused use of LEAPS is as the foundation of a Poor Man's Covered Call (PMCC). You buy one deep-in-the-money LEAPS call and then sell…
Bernardo Rocha
The primary income-focused use of LEAPS is as the foundation of a Poor Man's Covered Call (PMCC). You buy one deep-in-the-money LEAPS call and then sell…
A poor man's covered call (PMCC) is a strategy where you buy a long-term call option (a LEAPS) instead of buying 100 shares of stock, then sell a shorter-term…