Trade Checklist: Poor Man's Covered Call | Options Trading Concepts

A poor man's covered call is a defined risk alternative to the covered call. It involves replacing long stock with a long call. This creates a diagonal spread that benefits from a bullish directional move, as well as an increase in implied volatility. Tune in to learn all about it!

New to options trading? Mike breaks down trading strategies and concepts in a visual way for beginner to intermediate investors.

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