Leveraged Covered Calls are also known as Synthetic Covered Calls or Poor Man's Covered Calls. It is is a long call diagonal debit spread that is used to replicate a covered call position. The strategy gets its name from the reduced risk and capital requirement relative to a standard covered call.
Set Up:
Buy a deep longer term in-the-money call
Sell an out-of-the-money short-term call
We are mildly bullish on the underlying stock.
This is what we like to trade: https://www.tastylive.com/shows/tasty-bites/episodes/constructing-a-pmco-04-27-2021
Goal: make at least 2% per month