Poor Man's Covered Call Explained - Proven Trading Strategies

The Poor Man's Covered Call Explained in under 15 minutes!
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The Poor Man’s Covered Call is a very specific type of spread. As you know we’ve been covering option spreads for several Coffee With Markus Sessions.
We have an entire playlist discussing the pros and cons of each type of options spread.
Option Spreads Playlist: • Vertical Spread Option...
The Poor Man's Covered Call
Questions we’ll answer:
What is it
Who is it for
When to use it
The Poor Man’s Covered Call is a very specific type of spread. As you know we’ve been covering option spreads for several Coffee With Markus Sessions.
We have an entire playlist discussing the pros and cons of each type of options spread.
In this video, we’re discussing the difference between trading stocks, covered calls, and the poor man’s covered call.
Trading Stocks
Let’s take a look at trading stocks first. Let’s say that you’re bullish on a stock like Boeing. You might purchase a decent amount of stock, let’s say 100. Right now this stocks strike price is $180. If you purchased 100 shares of Boeing, at $180 dollars each, this would require $18,000 in purchasing power. If the stock increases by 10 dollars, to $190, you stand to earn $1,000 in net profit. So you’ve risked $18,000 to earn $1,000.
Trading Covered Calls
In this example, let’s say that you’re still bullish on Boeing. And in the short term, you expect an upward movement in price. Since you already own the 100 shares of Boeing stock, you can sell a $200 Call Option against these shares. If the stock price increases to $190 like you expect, you’ll earn an additional $450 on top of the $1,000 you’ve already earned. If we see a decrease in stock price, the covered call acts as a hedge. In this example, if we saw a downward movement to $170 you would lose $1,000. But because you sold a 200 Call option contract and received a premium of $450, your net loss would only be $550.
Poor Man’s Covered Call
When would you trade a Poor Man’s Covered Call? When you don’t have the $18,000 to buy 100 Boeing shares! When do you trade a covered call? When you expect the stock to stay above the current price and move slightly higher. Instead of buying a stock, you would purchase a deep in the money call option at a later expiration. When looking for a call option deeper in the money, we’re trying to find one with a Delta of 0.95. This means for every dollar the stock moves, the call option is gaining .95 cents in value.
We’re buying a deep ITM call at $71 which means the capital required to take this position is only $7,100. As you can see this is a fraction of the price to purchase the stock outright. At the same time, we will sell the 200 Call option. Similar to the covered call. But instead of owning the stock at a price of $18,000, we purchased the ITM call option and sold a 200 call option.
if the underlying stock price moves from $180 to $190 you would make $1335 because the Delta is 0.95 which means it’s only increasing 95% of the value.
The profit on this type of position isn’t as high as a covered call, but it’s much more than owning the stock outright, with much less risk and less capital.
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[@wjohnson100]

One thing. You have to be long term bullish, and you have to be right. If you are wrong and the underlying goes south and stays there till expiration, you can lose up to (your entire investment - the premiums you get from selling calls). The advantage in that situation with owning the stocks is that at least they can recover if you hold them while an expired option cannot.

[@vogelv8267]

Also he doesn't mention with poor man's CC you pay way more commissions than trading stocks or conventional CC. It's because you can trade stocks on most US brokers commission free but not options.

[@OnewAll_]

You got yourself a new subscriber. Why? Clear explanation, zero fluff, no background biography - video not one second longer than it needed to be. Thank you. Now I'm gonna go binge your other videos.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@Gatkee]

OMG i watched one of those the other day where some guy continued to talk about background of himself and his whole family but also testimonials one after another. OMG we get it...

[@zesanurrahman6778]

​@@rockwelltradingserviceslol nice

[@tywoodsgetgrants]

@rockwell me too thanks for these easy to understand videos. I️ just hate long videos and it’s just a bunch of fluff. But one question, how would I️ get my premium that I️ paid for the longer call? Do I️ sell it after my option expires?

[@AeoJx]

Agreed. Very clear and simple, showing every step. Thanks!

[@surefireoptions4187]

Nice video! Selling credit spreads is my favorite approach for consistent performance, but I like cash settled index options better as there is no assignment risk and offer more stability.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@Ivanesteva90]

What’s delta do you used

[@Eric-sg9xt]

Good info. I also have to add that you sound like the villain from every 80's-90's action movie. You get a sub from me

[@rockwelltradingservices]

Hi Eric Holcomb, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@justinorwen1141]

The South African guy from Die Hard, Hans Gruber..lol

[@freddiejonesy6168]

@@justinorwen1141 LoL!

[@kardon]

i understood every single thing. god why does other youtubers make it so hard to understand with their fancy languages

[@rockwelltradingservices]

Hi Kardon, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@aruv76]

Yup, I had to stop watching 5 other videos before I arrived at this one. Markus did a wonderful job of explaining this. THANK YOU!

[@ymohsin]

because other KZbinrs don't understand the concepts behind these trading strategies as well as Markus does, great job!!!

[@adamnaughty]

Yes and his one of my favorite and actually believed in me and replied... his a good man

[@sentfromheaven00]

The jargon was invented by large institutions intentionally to deter retail investors like us from eating at their large pie of profit.

[@AnAverageDude]

As someone who already knows about covered calls, I still appreciated this video very much, fantastically explained!

[@rockwelltradingservices]

Hi Omar, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@AnAverageDude]

@@rockwelltradingservices you're awesome, thank you for the education and most importantly your time!

[@rockwelltradingservices]

Thank you! :)

[@jaysosweet]

Seeing this video in dec 2023, and i got to admit this is one of the simplest, fuss free, straightforward, no nonsense explanation videos about covered calls and poor mans cc in youtube! You got urself a sub and lots of likes and viewtime sir!

[@rockwelltradingservices]

Awesome! Thank you!

[@scubafreak127]

One of the best explanations I've seen yet! Very easy to understand. Would love to see a follow up of how or why to make adjustments to the short call side to adjust the cost basis.

[@tmills721]

Excellent video! I watched it a second time today because it was so well done!

[@rockwelltradingservices]

Thank you! :)

[@RicardoHernandez-zr1pw]

Great explanation. I actually started with buying regular calls and puts. I now discovered covered calls and will use them from now on. It seems safer than what I was doing before (buying calls and adding on the dips then selling them for profit).

[@brettelmerelmer3061]

Excellent video and explanation, Markus. One additional point, I may have missed it, is that when the sold option expires (assuming not exercised),you get to sell subsequent options that add to your returns. I love weekly options for this reason. You do make less on each sale, but more overall, with more management opportunities before the long call expires.

[@gregbabin365]

The chart showing all three together is so helpful!!!

[@rockwelltradingservices]

Hi Greg Babin, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@TurtleTasticGaming]

This was fantastic, you are the first person to get me to understand covered calls fully, and I like the poor man's CC idea! I love that you have the three different outcomes laid out visually, and you take your time explaining what happens in each scenario. Thank you for this valuable video, I will definitely be dropping a like now.

[@rockwelltradingservices]

Hi Shy ?, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@RJMH]

Wow, this doesn't have enough views. Super clear explanations and easy to follow along. easy sub, thanks for the video!

[@rockwelltradingservices]

Hi Mydoom, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@ayeshash2001]

Loved this video. Watched so many others and I kept getting confused. This is so very well explained, Markus. Thanks.

[@rockwelltradingservices]

Hi Ayesha SH, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@buscadordelared3945]

Finally a clear, concise explanation, and no irritating sound tracks. Thanks.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@RameshRamloll]

You explain things at the right speed and very simply. Thanks.

[@rockwelltradingservices]

Thank you so much for the feedback! I try to make these videos as clear, and to the point as possible. I'm glad you're getting good information from them. 😀

[@Arkstellar]

You're the best teacher of options I've seen. Great job.

[@rockwelltradingservices]

I really appreciate that! I try to make my videos as clear and to the point as possible. Thank you and have a Happy New Year ✨

[@FinallyMedia]

This was amazing. Doesn't get any simpler than that. I appreciate the way you teach this tool. I completely understood everything!

[@rockwelltradingservices]

Hi Igor Araujo Media, LLC, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@hitmangfx7162]

Excellent breakdown. Very easy to follow. One thing to note: Rolling your covered calls at expiration unlocks a number of options. Either roll them down to a higher strike price or roll for additional premium. With PMCC, it's way easier to just completely eliminate the basis before exiting the trade. Also, I think settling for a lower delta on the long call is worth the trade-off of a lower opening basis. But this is a personal preference, I guess. I tend to calculate max profit as the difference in the strikes, without really regarding delta.

[@peterdemic7139]

Amazing technique! Thank you Markus for sharing your knowledge in such an easy to understand way. Your channel is fantastic!

[@rockwelltradingservices]

Thanks, Peter! I appreciate the feedback. 😀 "See you" in the next video. 👍

[@Rocky532ms]

Very well explained Do you have any video about Calendar spread Buying deep in money longer month call & selling short month call regarding same stock

[@VRTimeFun]

This was an incredibly well done video. I did skip a few seconds. But loved everything, honestly.

[@rockwelltradingservices]

Thank you! :)

[@kannansivaraman2313]

Markus Heitkoetter has a very

[@daveforeman6931]

Nice, simple explanation. Been doing Puts, have been curious about Call- now I will try it on something. Thank you for doing this video.

[@goodmanz25]

Markus, thank you for all the efforts you have put in explaining so clearly, god bless. Looking forward to more such videos from you.

[@rockwelltradingservices]

Hi Purshotam K, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@jameslambe9275]

Best presentation on PMCC I have seen. Would be great if you can do a follow up on PMCCs addressing managing your positions such as when to sell your long call and when to buy to close your short call and then when to “roll it”. Also would be helpful if you can address other PMCC strategies regarding using LEAPS for the long call buy position and also pros/cons of using Delta as low as .70

[@alane3985]

I need to learn the following any recommendations for other channels?

[@takarataylor2819]

Great tutorial! and your hair is fabulous LOL.

[@ronaldgreene5733]

Yours also

[@user-hv4jp6sm7i]

nappy ass hair sis go wash it LOL

[@angellatull9473]

Great video 👍 keep it up . You explain things well without overcomplicating . This format works well to be able to visualise each outcome

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@ME-th9yo]

one of the best vids ive seen on options good job

[@hamsinisitini6613]

Markus - I think you have a way of explaining Options Trading that demystifies it and is easily understood by a layman. Could you also touch on Iron Condors, Diagonals and Iron Butterflies?

[@rockwelltradingservices]

Thanks, Hamsini. I appreciate the feedback. And YES, I will put it on the list and cover these strategies in one of the upcoming "Coffee with Markus" Shows. Make sure to subscribe to the channel so that you get a notification from KZbin whenever I release a new video. This way you don't miss it. 😀👍

[@laurenrupper6872]

Great video, what is the management on the long side?

[@abidahirji3488]

these videos are amazing! so easy to follow and incredibly helpful. thank you!

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@knittingknut]

So clear. Thanks for this. The more I watch, the better I’m starting to understand.

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@scoh840]

Thank you for this thoughtful lesson. Respectfully, didnt you skip half the equation? isn't a pmcc a short call , shorter term than long call, out of the money, combined with the long call. The short call reduces your cost basis? The whole thing is a debit calendar spread. The trick to learn is how to manage the two calls to maximize profit under a variety of situations. thank you for your consideration to my question

[@tafwolf]

Excellent video! While i do get the concept, i am getting a hard time navigating through tastyworks. I already own a leaps of Apple but i dont know how to sell a covered call against it making sure that my long position is actually held as the collateral. I have seen people doing it with long diagonal spread for the very first call they sell. but how do you keep selling more covered call after the first sold call expires and make sure that your long position is the collateral? Do you just sell naked call and the platform is smart enough to pick up that you have a leaps to cover for it? Thank you!

[@braindroid9696]

I came to this video looking for an answer to this specific question. I went through the video and the comments, but don't see an answer to this. With Interactive Broker, it won't allow me to place the covered call holding the LEAP as a collateral.

[@IanSRutter]

WOW! What an explanation. I've subbed as you have made this so easy to understand. I'm studying Options now and with a few books and some courses under my belt, I can't stress enough how you have simplified Poor Man's Cover Call. I've just opened an account so I can practice with 'pretend' money. I can't thank you enough for this. It really has given me a confidence boost because at times I was thinking it must be me not being able to grasp all the terms and strategies over the last few weeks. Thanks again and look forward to your content.

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@Sifatullahsolo]

Hi Markus, Just wanted to say I love your videos! Your explanations are top-notch, and watching the trading screen in action is a game-changer. Keep up the great work, and thanks a bunch!

[@rockwelltradingservices]

Awesome! Thank you!

[@robertm.496]

Great video, however what happens to your deep in the money option that you paid $7100? it loses value over time. You either have to either roll it continuously which will cost money or sell it at a lower price?? Don't you have to account for this expense in your calcs? Also is it possible to get assigned before the expiration date if the stock price goes way up? How would you handle that. thanks

[@mcgragor1]

Good questions, maybe he'll see it and answer or do another vid.

[@Huckleberry500]

I thought this exact same thing and I feel that without answering this, the video seems ingenuine.

[@deinekes9]

Late to the party, but I'll still ask. What happens upon having the short leg assigned? Do you need to have the funds available to cover the transaction of the long call? Or does it all work out on the broker's end like without any further input from you as it does with a normal vertical spread?

[@jaredkingrombold6934]

yes i was wondering the same thing because you cannot sell a call of a 180 $ stock without putting up collateral in case your assigned ?? at 200 which would be 20,000!!!

[@carmenmirandajunkie]

Thank you for the video, Markus. Makes sense.

[@fotografkennethlund]

I really appreciate you time spent on this video - I'm was originally a teacher and I can tell that you're very good at teaching this stuff without any "get rich quick" tone to it. Just the facts. Instant like and subscribe for me!

[@rockwelltradingservices]

Awesome! Thank you, I really appreciate your feedback.

[@Sam-we4zy]

A good explanation but I would like to have known what happens if your PMCC gets called away at expiration

[@christianshope7810]

Yeah what happens!?

[@johncalvo1743]

That is actually a good scenario. All you have to do is exercise your long option into shares, and then they will be called at a higher price than you exercised them for. PLUS, you kept the premium for the short call. The only downside to this scenario is that your profit is capped.

[@chessguy1993]

@@johncalvo1743 Well you do have to be careful that your profit isn't less than your premium paid. Say you paid $7 per share for a 3 month call at 150 and sold a 1 week call at 152.50 for .80. If you get assigned you'd make a total of 3.30 on the premium+share profits but lose $7 on the premium you paid. In that case you'd be better off buying the 152.50 call back before it gets exercised and then you could sell your 150 call that should have increased in value for a profit.

[@marcohandmann4843]

Don't you need extra money to exercise the ITM option? I thought you are poor and almost all the money is in ITM calls. Or so you need margin, or does the broker step on? They also allow you in a Level 1 account to sell a call without owning the stock?

[@lucasgarcia6814]

If your PMCC gets called, most of he brokers automatically resolve it. You don't need to put more money because the profit you made with the BUY CALL is enough to compensate the SELL PUT, and 6 receive cash.

[@josh.kaptur]

One other scenario I wish you had shown - capped downside of the option vs the stock if we blew it and Boeing tanked below our deep in the money strike.

[@maxwelladams5114]

Yes same

[@capcrunch7838]

Pretty straightforward your out what you paid for your in the money call minus what you sold the covered call. Big win from a stock or an actual covered call. Both of those two your simply left bag holding

[@marcohandmann4843]

When you hold the stock you wouldn't need to realize the paper loss and just write more OTM CCs in perpetuity, until you hit you strike price one day. The poor man has to realize the loss due to expiry date. I learned the strategy is not for me.

[@sachanamit1]

Amazing video with great example. It was so easy to understand the concept and learn about the pros and cons of each option.

[@rockwelltradingservices]

Hi Amit Sachan, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@djwashx]

this has to be the most thorough explanation on youtube it was excellent thanks

[@rockwelltradingservices]

You are welcome! I am glad that this helps! :)

[@XoXo2o3]

Thanks for the video but am I missing something here? The downside of the "poor man's covered call" isn't that you lose $650, but that you end up losing your $7100 (seems no different than buying a call without owning the shares...). You mentioned that they do not own the shares, and do not have the capital to buy it. At least with a covered call, if your original idea of the stock going up is incorrect at least you own the shares and they can recover over time as time goes on (and you're bullish which is why you're doing calls anyway). With non-covered calls you're ponying up $7100 with the risk of volatility dropping, or time decaying and no shares to pad the landing if the trade turns against you...

[@JC.72]

thats the exact question i have, if the stock price ends up with the same price or not move at all and time expires, your lost that $7100... if i understand this right, if u dont make $7100 which is the cost to buy the contract. u are losing money. however, i guess you can keep doing this every day or every week or month, until you recover that $7100 and some. but again it feels like alot of work to even earn that upfront investment cost back. and you are pressured by time and its expiration dates.

[@jjjw28x]

@@SuzetteSantori1 It was a major thing missing from this video and it lowers the credibility of the youtube for misleading the viewers, like a scammer. All the info in the video is correct which is good, but he needed to cover the devastating loss If the stock plummets like it has done with the current news about BA. It goes below your "bought call", you will still get the full premium from the "short call" (+$650) but you will lose all of the "bought call" value (-$7100) by expiration. As Xoxo put it, if you own the 100 shares to could hold on and hope BA recovers in a few years but with Poorman's CC, you will have to take the large loss. It's why he said its used for slightly bullish or bullish, not for a bearish scenario. If you do a covered call, you could do the "wheel strategy" cycling between covered calls till you assigned and then use the money for cash secured puts until you exercise it and then go back to covered calls. I should also note, if the stock does drop to zero, if you keep doing covered calls you could lessen the blow vs just owning the stock but in this scenario, in a bear market, you wouldn't do a Poorman's CC as its suicide. If you know there is no hope for the share price recovering above your "bought calls" by expiry, you can close the "bought and sold calls" ahead of time to reduce your loss before max loss.

[@JimArnold6]

Should have covered with happens with the deep ITM call you purchased.

[@christianshope7810]

Yeah, what happens to the $7100 itm call???

[@bmwman5]

Nice explanation! Thank you.

[@bearwalker2008]

Thank you so much. Explained simply. Very clear to understand what you are saying and makes so much sense.

[@rockwelltradingservices]

You are welcome! I am glad that this helps! :)

[@raywilliams3530]

What about Theta/Time Decay? How does that impact your long ITM Call?

[@mistletoe91]

Yep thats another devil variable

[@connorlynch4695]

Theta is small for long, deep ITM call. The farther out the expiration of the long call, the lower the theta value as well. If you're long term bullish on the underlying, it makes sense to pay a higher premium for a lower theta and more time for the underlying to rise (also, more time to sell short OTM calls). I would do 3 months at a minimum.

[@rhpmike]

@@connorlynch4695 Yeah, video has the ITM call at slightly under 2 months, which is probably too short as theta is going to start ramping up at 45 days. Worth paying extra here to go a bit further out and not being hurt on the time decay as much. Worth mentioning, though, you need liquidity on the option and the further out you go, sometimes the wider the bid-ask spread.

[@johncalvo1743]

Theta has a very little impact because most of the value of a DITM call is intrinsic.

[@strhunter666]

what happens when the pmcc gets assigned?

[@connorlynch4695]

If the short call gets assigned at expiration, your broker should automatically exercise the long call. Because of the higher delta of your long call, you will still profit in this situation.

[@luismanuelmendoza789]

@@connorlynch4695 So your broker “should” exercise the longer call, buy the stock at the price that is DITM and then sell those stocks at the assigned call?? And you profit the difference? The other way to make money would be to close the legs right?

[@drewparmelee3784]

That was incredibly helpful and well explained. Thank you!

[@rockwelltradingservices]

You are welcome! I am glad that this helps! :)

[@jun9098]

You explain very well. I never trade options, yet, but I can understand. I felt it is also applies to trading field when the person knows what he's doing can explain easily. Awesome!

[@rockwelltradingservices]

Thank you! :)

[@Allen_lena]

Let me see if I got this straight: So you sell a call at an earlier day than the call you buy (which is really deep in the money). What happens if you get excercised on your sell option at a higher price is that you excercise your deep in the money call to cover, thus limiting your gains, but not by much. If you stay below the strike of your sell option but higher than the original prize, you're fine. If the underlying stock falls, but it's still higher than your option, your losses are limited. So basically it's the nearly the same risk as a Covered call, but the returns/losses graph is curved instead of straight lines due to the difference in IV between your short and your long positions?

[@entertainmentinternational1087]

Also I'm liking selling covered calls on stocks I either plan on holding or I planned on selling if the stock hit that strike price anyway. I think its win win to sell cover calls

[@jabsnana8465]

Everything is good and dandy in THEORY except there's gonna be ZERO Volume or Open interest at the $110 strike price (.94 delta).

[@bluestarindustrialarts7712]

Usually that is correct. Any delta over 75 is good for this. Im happy with a .75/dollar move towards profit when I'm about 80-90% less cash outlay. (than if i bought the stock)

[@johncalvo1743]

That has no bearing. If you have trouble closing the position, just exercise the option. I do this often to teach the MMs a lesson. A stock like RH is notorious for trying to overcharge you when you try to close out a leg.

[@JonathanScheele]

@@johncalvo1743 It has bearing if you don't have the capital to exercise the option, which is a reason why many people do the PMCC in the first place.

[@johncalvo1743]

@@JonathanScheele There have been many times where I don't have the capital to exercise. My broker allows me to exercise, then flatten. It all comes out in the wash.

[@yxxzflx]

Thanks Markus this is very good video with clear explanation about cc, very helpful!

[@rockwelltradingservices]

Awesome! ;)

[@thirupathivarma3024]

I really learning lot of subject in options trading from you. The way you explain with notes is always crystal clear. I got my best teacher similar like my college learning. Thank you so much Markus for all your precious information. 😊😊😊

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@syshorizonenterprises7893]

You are very clear at teaching. One of the best teacher....

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@gasser5001]

You can tell your experience thru how easily you teach this. 10/10. Liked and sub'd. 3rd video of yours I've watched. Great stuff, Markus.

[@rockwelltradingservices]

Thank you for watching and subscribing! 😊

[@stephaniesanders8274]

Very clear and concise!

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@CDCentral]

Great content! One of my new favorite channels for learning about investing especially in Options Trading!

[@rockwelltradingservices]

Thank you! :)

[@lantingzhang8653]

You are wonderful to explaining ! So easy to understand

[@rockwelltradingservices]

Hi lanting zhang, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@ImtheONEnotthetwo]

Thank you sir for this lesson. Very easy to understand and you do a great job explaining. Subscribed!

[@rockwelltradingservices]

Awesome! Thank you for watching and subscribing! :)

[@Slova99]

Not exaggerating, but I went thru about 15 videos to learn this concept and to see what happened when your covered call moves above the strike price...you are the only one who took the time to detail out the whole play with real life examples. Markus, you are the man! Thank you!!!

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@ahrmiller2003]

Good pace. Helpful side by side comparison. Thank you.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@para-motard1414]

Thanks, this was really informative, no fluff or shilling, very nice!

[@rockwelltradingservices]

Thank you for watching! :)

[@brettford7521]

Thank you for displaying the information like this, very informative for a 14 minute video. Will be subbing ;)

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps! Thank you for subscribing!

[@francescopipino3529]

Great video! Thanks. Thanks as well for your very clear English: this is very important for a foreigner like me.

[@rockwelltradingservices]

Hi Francesco Pipino, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@arwood111]

That was a fantastic explanation and description! Thank You !

[@rockwelltradingservices]

Hi arwood111, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@hgy383]

super helpful, very informative.

[@ericd4020]

Very helpful! Thanks.

[@rockwelltradingservices]

Hi Eric D, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@vurimindikalyan]

You are my man ! Thank you and appreciate your effort to educate others. 👏👏

[@rockwelltradingservices]

Hi Kalyan, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@webbgroup]

Great vid. Glad you’re typing through the explanations.

[@rockwelltradingservices]

Hi webbgroup, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@TyaBolton]

You make this sooo easy to understand! Thank you.

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@alexmartins8182]

It has been a blessing to have the videos with Spanish subtitles. Thanks to that, I have been able to study and earn in dollars, spending in pesos. Greetings from Colombia and thank you very much for the teachings

[@rockwelltradingservices]

Awesome! Thank you! ;)

[@sukhjinder71]

Very good job. I just watched another guy explain this, and it took him 45 minutes. By the time he was done I fell asleep 3 times. You made this very simple to understand. You did a great job. I can't wait to try poor man's covered call. Thank You

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@williamlovell132]

Markus, Great bright, breezy presentation. Foe someone as thick as me, it is just a little too fast, with not enough pause for thought. Thanks, Liam.

[@michaelsampat6275]

Great video! Thanks!

[@nick2629]

This is a brilliant video for understanding! Thank you!

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@markmcdonald7543]

Great video, really simplified it. Thanks!

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@kmqmcse]

This is a perfect explanation. Thank you Markus.

[@rockwelltradingservices]

You are welcome! I am glad that this helps! :)

[@laughtertherapy4570]

I am right now in covered call phase and did it twice ...came here to learn poor mans covered calls 😁

[@rockwelltradingservices]

Hi Laughter Therapy, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@rlg222]

New to your channel. I've been trying to learn options since last year. Thanks as that helps me better understand it.

[@rockwelltradingservices]

You are welcome! I am glad that this helps! :)

[@investingmantras8363]

Amazing clarity with examples. Superb!!!

[@rockwelltradingservices]

Hi Investing Mantras, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@juliovillasenor3127]

Nicely done! Thank you!

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@michaelmeagher9351]

Finally a video I can understand Thankyou!!!

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@SyedRehmathullah]

Very well explained. Subscribed.

[@rockwelltradingservices]

Awesome! Thank you for subscribing! :)

[@JohnShoultz-vt7ev]

This was extremely helpful. Ty

[@rockwelltradingservices]

I am glad that this helps!

[@cvespiago]

Thank you from Spain! Excellent content

[@rockwelltradingservices]

You are welcome! I am glad that this helps! :)

[@shaundubya5881]

Demonstration was really helpful as you lecture at the same time !!!

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@cbriangilbert1978]

Yes! First time I actually understood it fully.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@josemeetsmoney8613]

Thank you for the clear explanation!

[@rockwelltradingservices]

Hi Jose MeetsMoney, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@eugeniolh97]

Very good video. Really enjoyed a simple but to the point explanation!

[@rockwelltradingservices]

Hi eugeniolh97, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@derekbystander]

Great explanation! I'm complete newbie and I understand what you're saying!

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@gregoryadodo4919]

Best explanation yet! Thank you!

[@rockwelltradingservices]

You are welcome! I am glad that this helps! :)

[@gosikh]

I have never done this. Will try this! Super thanks.

[@rockwelltradingservices]

Awesome! Thank you for watching!

[@tomevans2422]

This was extremely helpful! Thank you

[@rockwelltradingservices]

You are welcome! I am glad that this helps! :)

[@garyroberts3014]

I came here after seeing the INthemoney channel try to explain this concept. He has no idea how to explain things to people who are trying to actually learn. THIS explanation in your video is a clear as can be. I really appreciate your hard work and your use of the charts and graphs and plugging in real examples. You earned a sub and a like, my friend - thanks so much, you are dynamite!

[@rockwelltradingservices]

Hi Gary Roberts, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍

[@kennyn.8233]

Understood selling the covered call and owning the stocks.. learned to buy in the money calls instead. Thank you for the tutorial

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@sayeedhasan2615]

Excellent explanations!

[@rockwelltradingservices]

Thank you! :)

[@facefirstgoodriddance2339]

You make it easy to understand Markus. Thank you.

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!