
What Is a Poor Man's Covered Call?
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…
Options strategies, automated trading insights, and market education.

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…

A covered call is an income strategy where you own 100 shares of a stock and sell a call option above the current price. You collect the premium immediately.…

A short call is an options strategy where you sell a call option and collect the premium. By selling the call, you take on the obligation to sell 100 shares at…

A short put is an options strategy where you sell a put option and collect the premium upfront. By selling the put, you take on the obligation to buy 100…

Theta gang and day trading are often discussed in the same breath, but they are structurally different approaches. Both involve active market participation,…

Theta gang trading is a style of options trading where you profit from time decay rather than predicting price direction. Instead of buying options and hoping…

Looking back across 2025, the iron condor strategy operated in market conditions that tested several of its defining characteristics. This is a market…

Building wealth slowly is not an exciting pitch. But the math behind consistent monthly returns, compounded over time, is more compelling than most people…

When evaluating a trading approach, most traders focus on returns and commissions. The visible numbers. But active trading carries three costs that don't…

A recognizable pattern runs through many experienced traders' histories: they start with active day trading, spend years refining their approach, and…

Crypto markets follow a recognizable pattern. Every four years, the Bitcoin halving reduces the supply of new coins entering circulation. Historically, this…

Memecoins and iron condors occupy opposite ends of the risk-reward spectrum in financial markets. Understanding what each actually offers — not just the…