
Free PMCC education, trade examples, strategy insights and lessons on how to identify, structure and manage Poor Man's Covered Calls — delivered directly to your inbox.
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Free to join. No credit card required. Unsubscribe anytime.For traders and investors interested in Poor Man's Covered Calls, LEAPS and options income strategies.
What's Inside The PMCC Trader?
Each issue is designed to help you better understand how Poor Man's Covered Calls work and how traders can evaluate and manage PMCC positions.
See real-world examples of how PMCC positions can be structured and evaluated.
Learn how to evaluate expiration dates, strike prices, Delta and other factors when selecting the long call.
Explore different approaches to selecting short-call strikes and expirations.
Learn concepts surrounding rolling, adjusting, monitoring and closing PMCC positions.
Build your understanding of the strategy, options Greeks, volatility and risk management.
Occasionally go deeper with video explanations of PMCC concepts, trade examples and decision-making.
Want to Learn a More Capital-Efficient Approach to Covered Calls?
Traditional covered calls require purchasing 100 shares of stock.
A Poor Man's Covered Call uses a long-dated call option (often a LEAPS) in place of owning 100 shares, while selling shorter-term calls against the long call.
This creates a strategy with a different capital requirement and risk profile than a traditional covered call.
The PMCC Trader helps you understand the strategy so you can make your own informed trading decisions.
The PMCC Trader Is For You If...
✓ You want to learn how Poor Man's Covered Calls work.
✓ You're interested in options income strategies.
✓ You want to understand how traders select LEAPS.
✓ You want to learn how short calls can be incorporated into a PMCC.
✓ You want to see practical trade examples.
✓ You want to improve your options-trading knowledge.
✓ You want to learn more about managing PMCC positions.
The newsletter is designed to help you develop your understanding of PMCCs step by step.
Don't Just Learn What a PMCC Is. Learn How Traders Think About the Trade.
There's plenty of basic options information available online.
The PMCC Trader goes beyond simply explaining the definition of a Poor Man's Covered Call.
We'll explore questions such as:
Why choose this underlying?
How should the LEAPS be evaluated?
What Delta should be considered?
How should the short call be selected?
What happens if the stock moves significantly?
When might a trader consider rolling the short call?
What factors should be considered before closing the position?
The goal is to help you develop a repeatable framework for evaluating PMCC opportunities.
Ready to Learn More About Poor Man's Covered Calls?Join The PMCC Trader and start receiving PMCC education and insights directly in your inbox.
What Happens After You Subscribe?
Enter your email address and become a PMCC Trader subscriber.
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Receive PMCC education, examples, strategy insights and trading lessons.
As you become more familiar with PMCCs, you'll learn about more advanced concepts including trade selection, management and adjustments.
How Often Will I Hear From You?
You'll receive The PMCC Trader newsletter approximately once per week.
We'll focus on useful PMCC education, examples and insights rather than filling your inbox with unnecessary emails.
You can unsubscribe at any time.
Frequently Asked Questions
The PMCC Trader is a free educational newsletter focused on the Poor Man's Covered Call strategy and related options-trading concepts.
Subscribers receive educational content, trade examples, strategy insights and lessons about evaluating and managing PMCC positions.
Yes.There is no charge to subscribe to The PMCC Trader newsletter and no credit card is required.
A Poor Man's Covered Call (PMCC) generally combines a long-dated call option with a shorter-dated call sold against it.
The strategy is often discussed as a capital-efficient alternative to a traditional covered call, but it has its own risks and characteristics.
No.
The newsletter is intended for people who want to learn more about PMCCs, including traders who are relatively new to the strategy.
However, options involve substantial risk and you should understand the risks before trading.
The free newsletter may include educational trade examples and market commentary.
The PMCC Trader newsletter is primarily designed to educate subscribers about the strategy and the thought process behind evaluating PMCC opportunities.
The newsletter is educational in nature. Examples and discussions are provided to help readers understand PMCC concepts and evaluate potential opportunities for themselves.
They should not be interpreted as personalized investment recommendations.
Generally, once per week.
Occasionally, additional emails may be sent when we have something particularly useful to share.
Absolutely.
Every email includes an unsubscribe option, and you can leave the newsletter at any time.
No.
The PMCC Trader is free to join.
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Important Disclaimer
The PMCC Trader is provided for educational and informational purposes only. Nothing contained in this newsletter, website, or any related communication should be construed as investment advice, financial advice, a recommendation, solicitation, or an offer to buy or sell any security or option.Options trading involves substantial risk and is not suitable for all investors. You may lose some or all of your invested capital. Past performance, hypothetical examples, and historical results are not indicative of future results.Any trade examples, strategies, market commentary, or performance illustrations are provided solely for educational purposes and may not be appropriate for your individual circumstances. You are solely responsible for conducting your own research and determining whether any investment or trading strategy is appropriate for you.Before trading options, carefully review the characteristics and risks of standardized options and consider consulting a qualified financial professional regarding your individual circumstances.