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Glossary · The Expert Playbook · P

All terms

Poor-man's covered call (PMCC) in plain English.

Owning a deep in-the-money LEAPS call as a stock substitute and selling shorter-dated calls against it.

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Track

The Expert Playbook

9 terms in this track

Taught in

LEAPS and the poor-man's covered call

In the index

68 of 100

Filed under P

Connections

8

Related terms mapped below

01

The idea, in context

How to read the picture above and where the Academy teaches it.

Reading the illustration

A covered call caps the upside at the strike in exchange for the premium; the dashed line is the shares alone.

This definition usesDeep in-the-money (ITM)LEAPS

In French: Call couvert du pauvre (PMCC)

Where it’s taught

The Expert Playbook

LEAPS and the poor-man's covered call

“LEAPS and the poor-man's covered call” introduces this term with worked examples, a quiz and the trades around it. The Academy is part of the YieldCove membership.

About the AcademyOpen the lesson (members)

02

8 terms around this one — the words its definition uses, its lesson siblings and the terms that build on it.

  • Used in this definition
  • Same lesson
  • Builds on this term
  • Same track

03

Where to go next

Understand it, try it with real numbers, then track it for free.

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