The Poor Man's Covered Call
It's no secret that the Covered Call strategy is one of the more popular option plays-the investor buys 100 shares of stock/ETF and sells a call against it to increase returns and generate income. However, buying 100 shares of stock might not be the only way to go as it ties up a lot of capital. Luckily, there may be another way. Investors can use LEAPS options to mimic a long stock position and reduce the strategy cost (or cash outlay). Join Mark Benzaquen of the Options Industry Council as we explore the alternative strategy known as the Poor Man's Covered Call!