Joe Mazzola

For traders with a neutral-to-slightly-bullish outlook on a stock, covered calls are a popular strategy. But when a stock's price is too high to buy 100 shares, a more affordable option is the call diagonal spread, also known as the "poor man's covered call." In this session, we’ll simplify this strategy, showing how to select candidates and choose the expiry, delta, and strike prices. We'll also use the thinkorswim platform to analyze risks, break-even points, and success probabilities.