www.protraderstrategies.com Many investors and traders buy stocks and then lower their cost basis by selling calls. Is there another way to implement this strategy with less capital outlay by just using options? There is, and it is called a Poor Man's Covered Call. Join Eric "The Wolfman" Wilkinson, former Chicago Board of Trade floor trader and 25 year professional trader, as he explains how traders and investors can use less capital and simulate a long stock position while reducing cost basis. Eric will show the correct way to trade a Poor Man's Covered Call in order to limit ones capital requirements (associated to long stock positions) while participating in the upside of the underlying.
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