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Poor mans covered calls are popular... but so are lottery tickets and cigarettes.
On one side you buy a LEAP call because you’re bullish, on the other you sell a call against it because you’re bearish.
Congrats... you’re now fighting yourself inside the same trade.
Most people don’t realize they’re literally strangling their own upside while pretending they “reduced risk.” and generate cash flow...
If your strategy requires "mental gymnastics" to explain how you win, you don’t have an edge, you have a hobby...
IDK about you, but I am here to make money!