A poor man's covered put is a bearish strategy that involves buying a long-term ITM put and selling a short-term OTM put against it. This position benefits from the stock price going down as well as an increase in implied volatility. Watch Mike describe how to set up an effective poor man's covered put.

0:00 Introduction
1:00 Covered Puts
2:13 Poor Man's Covered Put
2:55 Setting Up the Trade
5:15 Reducing Cost Basis
7:27 PMCC vs PMCP
9:06 Determining POP
10:12 Takeaways

#optionstrading #options #optionstrategy

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