I'll NEVER Run Poor Man's Covered Calls (What I Do Instead)
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If you are using the Poor Man's Covered Call to get "similar exposure" to a stock for a fraction of the price, you are sacrificing the most important feature of the Wheel Strategy: the permanent, decay-free ownership of real shares. In this video, I explain why LEAPS call options can expire worthless during market volatility—wiping out your entire position—while real shares would have survived to fight another day.
🚨Get Trade Ideas & Market Updates: 👉 https://theweeklywheel.beehiiv.com/
If you are using the Poor Man's Covered Call to get "similar exposure" to a stock for a fraction of the price, you are sacrificing the most important feature of the Wheel Strategy: the permanent, decay-free ownership of real shares. In this video, I explain why LEAPS call options can expire worthless during market volatility—wiping out your entire position—while real shares would have survived to fight another day.
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