By 
Idea:
A poor man’s covered call is a strategy where you sell a call option against a stock you already own. This limits your potential profits, but it also limits your potential losses.
Outline:
- What is a poor man’s covered call?
- How does it work?
- What are the benefits?
- What are the risks?
**How to find the stocks for the poor mans covered call**
– Look for stocks that have just had earnings and are trending back upwards
– Look for stocks that have weekly options
– Look for a leap that’s at least four months out and when the leap is at least at a 3-month mark. Then roll the option out another month
**What to watch out for**
– Dividends
– Earnings
– Major stock splits
**Tips**
– Buy the Leap at a .7 delta minimum
– Sell covered calls at a .3 delta
– Always keep cash on hand
0:00 Intro
0:30 Explanation of Poor Mans Covered Call
4:30 Demonstration of the Poor Mans Covered Call
8:00 Tips for the Poor Mans Covered Call
13:30 Screening for the Poor Mans Covered Call
21:54 Outro
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