PMCC

 Was exposed to another strategy

which interested me quite a bit

it is the Poor Man's Covered Call

which is buying a leaps call option (80 delta)

and selling calls on it (20 delta)

The stock I want to do it on is ABNB

which I am bullish in the long term

and which I use

and which I want to use more in future

when I am very financially rich

so when should I initiate the strategy?

when the stock is beaten down, and is close to a support level

why?

so that you do not have to sell calls with strike price that is too low

because if you are able to get assigned

and roll it,

it is better to roll it at a lower price

if you roll it at a high price,

and the stock keeps crashing,

there will be a long period of time you will not receive any premiums

until the stock recovers.

currently, the PS is around 20

it will be good if it is lower.

it will be good at around 130 or 150 level

depend on how the new covid variant, omicorn behaves

PMCC is good because if allows me to stake more money by using less

if I can buy 2 LEAPs of ABNB

the premiums I can earn weekly is very high.

I see what I can get from 1 portion of my fund

which is 10k.

the other stocks are CRM, PLTR.

but crm is quite high in terms of the chart, and PLTR PS is high at 30.