Poor Man's Covered Call EXPLAINED | Robinhood 1K Challenge Intro
Got a speed run of explaining a poor man's covered call.
Welcome to the new series on the Robinhood 1k Challenge! I will be looking to make 2-5% per week and will post a new video every Friday after the market close (beg. 10/16).
Follow along to watch me grow a small account steadily over time through Poor Man's Covered Calls (PMCCs), debit spreads, the wheel, and other strategies.
The whole concept of the series is how to grow a small account size, with a Poor Man's Covered Call being a major component of the whole series. As such, a simple explanation of the Poor Man's Covered Call is within!
The PMCC is an excellent strategy to use at all times, but especially on small account sizes. It's one of the best ways to collect premium while protecting yourself with some cheap collateral.
Thanks for watching!
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