I'm currently running two PMCC positions: GM and KO. Before moving to SPY, I wanted to prove to myself that I could consistently generate income with PMCCs on individual stocks.
Current positions:
- GM Mar 19, 2027 $67.50 Call (LEAPS)
- KO Jun 17, 2027 $72.50 Call (LEAPS)
Premiums collected so far:
- GM: $304 (since May 27)
- KO: $93 (since June 11)
My next step is to buy a 2+ year SPY LEAPS with ~0.80 delta and sell daily calls (around 0.10–0.30 delta).
My LEAPS are currently down about $600 in unrealized value, but I've collected $397 in premiums so far, bringing the net drawdown to roughly $200.
