As I'm waiting to dry some powder out between earnings seasons, I'm boning up on options setup fundamentals (doesn't hurt to go over them now and again), new potential trading setup ideas and the like ... .
I like this one where I just don't feel like tying up the buying power on an ordinary covered call ... . It's basically an uber long diagonal: dough.com/blog/poor-mans-covered-call
A "poor man's covered call" (PMCC) could potentially be a better, long-term background trade than iron condors in index ETFs since you basically set it up and largely just manage the front month short call. That being said, it ain't cheap to put on (even though it's cheaper than a regular covered call) ... .