Training Ground › Level 18
🔑 Landlord on a Lease
Diagonal Spread · Poor Man's Covered Call
Collect rent without buying the house: a far-month deep-ITM call stands in for 100 shares
The legs in this level
| Leg | Strike | Premium |
|---|---|---|
| Buy Call · 180 days | $85 | $16.72 |
| Sell Call · 30 days | $105 | $1.18 |
P&L shape on day 30 (far-month leg sold back at market): green = profit zone, red = loss zone
Play this level
Unlocked from level 4 on with the Training Ground one-time purchase · Pricing
Learn it in the course:Lesson 21 · Diagonal Spreads, a Calendar with a Tilt