It's no secret that the Covered Call strategy is one of the more popular option plays—the investor buys 100 shares of stock/ETF and sells a call against it to increase returns and generate income. However, buying 100 shares of stock might not be the only way to go as it ties up a lot of capital. Luckily, there may be another way. Investors can use LEAPS options to mimic a long stock position and reduce the strategy cost (or cash outlay). Join OIC as we explore the alternative strategy known as the Poor Man's Covered Call!