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    Poor Man's Covered Call Calculator

    A Poor Man's Covered Call (PMCC), or Synthetic Covered Call, is used to generate regular income as per the standard Covered Call, but instead of purchasing 100 shares of stock, a Deep ITM Call (which is often a long-dated LEAP) is bought.

    • Purchase a deep ITM long-dated Call
    • Write/sell a nearer-dated near-the-money Call

    Underlying stock symbol

     Get price ?
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    Deep ITM Call

     
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    #x100?
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    Manual settings
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    Short Call

     
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    #x100?
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    Spread

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    Calculate
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    More output options
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     %?
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