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If you're looking for a lower capital way to do covered calls you can do what's know as the "poor man's covered call" where you use a long LEAP as a substitute for owning shares. That's also known as a diagonal spread, or a LEAP covered write, and it has a lower capital requirement than a straight covered call. But there are several key differences to think about, which are detailed here:

https://www.borntosell.com/covered-call-blog/leap-diagonal-s...
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