# I'll NEVER Run Poor Man's Covered Calls (What I Do Instead)

Page: https://stenobird.com/podcast/peter-pru-option-sellers-school-7298973/i-ll-never-run-poor-man-s-covered-calls-what-i-do-instead
Text version: https://stenobird.com/podcast/peter-pru-option-sellers-school-7298973/i-ll-never-run-poor-man-s-covered-calls-what-i-do-instead.md
Podcast: [Peter Pru | Option Sellers School](https://stenobird.com/podcast/peter-pru-option-sellers-school-7298973)
Published: 2026-06-04T19:00:02+00:00
Episode link: https://www.spreaker.com/episode/i-ll-never-run-poor-man-s-covered-calls-what-i-do-instead--72212538
Audio file: https://dts.podtrac.com/redirect.mp3/api.spreaker.com/download/episode/72212538/72_run_covered_calls_without_owning_100_shares_the_poor_mans_covered_calls_podcast_audio.mp3
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Duration seconds: 461

## Resource

🖥️ Register For A Workshop + Free Calculators & Watchlist: 👉 https://onlypeterpru.com/ark-options-workshop?utm_source=pod&utm_id=social 🚨Get Trade Ideas & Market Updates: 👉 https://theweeklywheel.beehiiv.com/ If you are using the Poor Man's Covered Call to get "similar exposure" to a stock for a fraction of the price, you are sacrificing the most important feature of the Wheel Strategy: the permanent, decay-free ownership of real shares. In this video, I explain why LEAPS call options can expire worthless during market volatility—wiping out your entire position—while real shares would have survived to fight another day.

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## Transcript

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