Poor Man's Covered Calls With $ASTS
From Macro-To-Micro Options Power Hour recorded on Jun 4, 2025
In this short clip from Macro-To-Micro Options Power Hour recorded on Jun 4, 2025, Samantha LaDuc and Hans Albrecht discuss the risks and nuances of using leveraged ETFs and options strategies like risk reversals and poor man’s covered calls with an ASTS example.
Hans warns traders not to be lured by high option premiums in leveraged products like SOXL or MSTX, which suffer from "leverage decay" when markets are choppy.
He also breaks down a common mistake traders make when selling short-term calls against longer-term calls (Leaps), emphasizing the need to do the math carefully to avoid locking in losses.
The main takeaway: strategies like these aren’t wrong, but they require precision, active management, and a clear understanding of breakeven levels.
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