The Poor Man’s Covered Call Strategy on $IBIT Bitcoin ETF: A Profitable Approach in a Sideways or Bullish Market

Poor Man's Covered Call is an Excellent way to Trade the Bitcoin ETF, IBIT

Introduction

The Poor Man’s Covered Call (PMCC) is an excellent alternative to a traditional covered call strategy, allowing traders to generate consistent income while utilizing less capital. This strategy is particularly attractive for ETFs like $IBIT (iShares Bitcoin Trust ETF), where buying shares outright can be expensive. Instead of purchasing 100 shares of IBIT outright, traders can buy a deep in-the-money (ITM) LEAP call option and sell shorter-term calls (typically 45 days to expiration) against it.

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