Track Your Poor Man's Covered Call (PMCC) with OptionsEdge
Stop guessing whether your poor man's covered call (pmcc) is actually profitable. OptionsEdge auto-groups your fills, tracks true cost basis across rolls, and shows strategy-level P&L — so you know exactly where your edge is.
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The tracking problem
Why tracking your poor man's covered call (pmcc) is harder than it looks
High capital requirements for traditional covered calls
Market volatility leading to undesired outcomes
Managing multiple positions and their complexities
Potential for assignment of sold calls
High cost of traditional options strategies
Risk of loss due to lack of capital
What matters
Key metrics to journal for your poor man's covered call (pmcc)
These are the numbers that actually tell you if your strategy has edge
Cost of the long LEAPS call and remaining extrinsic value over time
Premium collected from each short call sold against the LEAPS
Net debit of the position and how much premium has been recouped
Delta and theta exposure of the combined position
Roll history — when and why you rolled the short call
Total return on capital vs. what a traditional covered call would have cost
Built for this strategy
How OptionsEdge tracks your poor man's covered call (pmcc)
Groups your long LEAPS and short calls into a single PMCC position automatically
Tracks net debit and cumulative premium collected so you can see your breakeven at a glance
Roll tracking shows full history of short call adjustments with P&L impact of each roll
Strategy-level P&L separates your PMCC performance from other strategies in your portfolio
Import your diagonal spreads from ThinkorSwim or Tastytrade CSV — legs are matched automatically
Keep reading
Related guides
Start journaling your poor man's covered call (pmcc) the right way
Import your first CSV free. No credit card. No API keys. Just upload your ThinkorSwim or Tastytrade export and see your poor man's covered call (pmcc) positions organized in seconds.
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