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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 ?
    $?

    Deep ITM Call

    Select option
    $
    # x 100?
    $
    Manual entry options
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    ?
    $?
    ?

    Short Call

    Select option
    $
    # x 100?
    $
    Manual entry options
    ?
    ?
    $?
    ?

    Spread

    $0?
    $ - $?
     ?
    More output options
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