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Poor Man's Covered Call (PMCC) strategy β€” notepad sketch of the diagonal spread payoff with LEAP long call and short call, on a trader's desk
Poor Man's Covered Call: The Complete 2026 Guide (PMCC Strategy, Setup & Mistakes) covered call leaps options strategy pmcc

The poor man's covered call β€” the PMCC β€” is one of those strategies that sounds like a shortcut.

It isn't.

It's a real strategy with real rules. Trade it right, and you get the income profile of a covered call for about 20% of the capital. Trade it wrong, and you blow up faster than you would ha...

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Covered Call Guide
What Is a Covered Call & How Do I Trade It? covered call

If you're new to options trading or looking to enhance your stock positions, a covered call is one of the most beginner-friendly strategies to explore.

This approach allows you to generate income, reduce your cost basis, and increase your probability of profitβ€”all while maintaining a bullish outloo...

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