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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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