STRATEGY EXPLAINER · 2:45
Diagonal Bull Call Spread (Poor Man’s Covered Call) Strategy Explainer Video
A Diagonal Bull Call Spread buys a longer-dated call and sells a shorter-dated call at a higher strike. When the long option is well in the money and serves as a stock substitute, this is commonly called a Poor Man’s Covered Call. It is a variation of the same diagonal structure, so both are covered in this guide.
