Provide your thoughts below. This is not Financial Advice, and it is extremely risky.
This is a play on the Poor Man's Covered Call Strategy.
Step1 - Buy ITM LEAPS on high growth stocks that you believe will grow over the years (Classic PMCC).
Step 2 - Sell OTM (10%-15%) Weeklies on each of those ITM LEAPS in from Step 1. This will generate your weekly income.
Step 3 - Use the income from Step 2, to invest in a high dividend/payout security. Rather stable, frequent payouts. Something like PFF, or Realty Income (O), etc.
Step 4 - Use the income from the securities purchased in Step 3, to periodically place speculative bets. I.e. something like putting the dividends into crypto, etc.
Submitted May 30, 2021 at 08:33PM by aarsh96 https://ift.tt/3wBGiOS
