Small Portfolio Options Strategy That Can Make You Thousands (Poor Man’s Covered Call)

Hey Brad. Love your vids. Question.....how do I report option premium income on my taxes? Thanks

Thanks for all your help!

Brad great video, you have a gift for explanation man, thank you.

Best PMCC video I've watched so far!

Bombed down to $10…… or $1

Love this channel man, very helpful

Good stuff. You do have a knack for explaining complex or nebulous topics. Thanks for the info. I have been sharing your channel with my friends and family

Very good information for the beginner.

Why did you buy this stock what is your projection on your winning probability on this stock based on financial and technical performance .. I never saw you in any video explaining the real stuff arhat evry trafer must know before trading the security ? I doubt that you do that for every trade as watching your previous videos they are good to watch but nothing good technical stuff to learn. I think Evry follower would love to watch if you put technical content in the video so that they know when to buy or trade ..Thanks

Once a 13.5 $ stock now is 1.5 $.

One thing to add. I avoid LEAPS on dividend stocks.

Brad is this Robinhood you are using?

great video.. thank you

Thanks man

in your video, you start with stock selection, and you chose TTCF. Well that to me is a huge mistake. Like with covered calls, also with the poor man's CC you should select a SOLID proven stock. TTCF never was and never will such a stock. Why did you go for TTCF? Just because it is cheap, under $30 so that everybody can afford a deep ITM long call should not be the reason to select it. If the stock tumbles, and it did, this strategy will be a big loser.

What do you use to see if a stock might be slightly bullish? Is there an indicator that you were lying on? Thanks.

you give so much information thank you

I'm confused, how would you excercise the LEAPS option and buy shares for $15 a share if on the market they are $35 according to your example?

except.... peloton. Sorry had to do it man

Great video. Thanks for sharing.

Great video!

Thank you for the video Brad, love the videos very simplified. But can I ask to simplify little more. 1. Find a good solid stock. 2. Buy a far out call option deep in money with delta more than. 70. 3. Sell weekly or monthly call options with delta less than .3 with whatever strike price that may be. I ask this because I looked at this and by this strategy I could invest 2500 into a year out 75 dollar stock with a strike of 55 for that. 70 delta. And sell weekly options on a 76 dollar strike delta being. 26 but if price moves up to 77 in that week I loose my initial investment of what I paid in premium before I can collect more on weekly call options. Just trying to understand better thank you

good comments. Thank you for this info

thanks homie! keep
coming

But how long it takes to get the option access

👏

why all the husle just sell cash secure puts (wheeling baby.... )

WHY DO YOPU SPEAK so FAST !? NO LIKE !

Brad, do different brokers have policies on leaps, and when they can be considered collateral?

Gr8 video of a Covered Call. I’m NOT even at that level yet. I’m still doing Options Trading. Covered Calls or Puts is way advanced for me. I’m currently studying 📚 from a VectorVest University course called “Options Jumpstarter”, In this course, it says Delta must be between .50 to .65 but I’m assuming that doing Covered calls or Puts this video says Delta MUST be .77. Is there a specific number of doing covered calls/puts for Delta? Thank you for replying to my question 🙋🏽‍♂️.

Thanks

Who do u tell that it’s covered?

A teacher, this is why I love you lol

great video thank you so much!

I can’t buy an out of money sell call… my robinhood says I don’t have enough collateral… am I missing something??

I am having a hard time understanding what you said about getting assigned on the 35$ covered call. If I get assigned on that call, I will get 3500$ for the 100 shares that I do not have.

In exchange for the 3500$ that I just received, do I not have to buy 100 shares of the underlying at its market price? Why would I be able to buy it at 15$?

Excellent

PMCC should be renamed SMCC.. "Smart Mans Covered Call"

Rh only let me do 6 mo

Awesome video. Definitely leverage the time value to write covered calls. The biggest pitfall with PMCC is if you get assigned for more than you can handle.

Wow. You improved and lost weight. (3 years later)

Good info

Thanks for the content. I have a question tho. Will you see it since the vid is older?

So do we have to wait until the date set to be able to use the $970 again? Or do we need $970 like 12 times to earn the profit each month? Your explaning it perfect bro!

@ Brad, question. If using a leaps option to run a PMCC and the value goes very close to the strike on the CC, can I just buy the option with my reserve cash 100 shares and still make the full profit while holding the same ITM call? I still make all of the profit and have no worry.
Does Robinhood just automatically take your 100 share recently bought?

Would you recommend this on a 750k portfolio? What would be your take on Leaps and CCs in this case? I mean not using like 7,5k and having the rest in other positions but using a respectable amount....would this play out differently besides adding zeros to the game.

Great video Brad. Thank you so much !!! 🤩🤩🤩🤩🤩

if you can have the calculations on the spreadsheet.