I'll NEVER Run Poor Man's Covered Calls (What I Do Instead)

About this episode

Peter Pru discusses the drawbacks of using Poor Man's Covered Calls and advocates for the benefits of owning real shares instead.

🖥️ Register For A Workshop + Free Calculators & Watchlist: 👉 https://onlypeterpru.com/ark-options-workshop?utm_source=pod&utm_id=social 🚨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.

People in this episode

Host: Peter Pru

Topics covered

• options trading
• Poor Man's Covered Call
• LEAPS
• Wheel Strategy
• market volatility

Keywords

• options trading
• Poor Man's Covered Call
• LEAPS
• Wheel Strategy
• market volatility
• decay-free ownership
• trade ideas

Mentioned in this episode

Organizations: Weekly Wheel, Ark Options Workshop

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