RMCC—Retired Person's Covered Call The strategy is: sell a Short Call with a Delta between 0.24 and 0.28, which is milder compared to the usual 0.30 or higher, but still earns decent premiums. The prerequisites are that you must simultaneously hold: - 100 shares of high-quality company stock or index ETFs (long-term bullish) - A deep ITM LEAPS Call with a Delta around 0.75 If the Short Call gets exercised, your LEAPS will generate significant profits (Delta increases to around 0.80). At this point, you can roll the LEAPS back to a 0.75 Delta, while repurchasing the stock and repeating the process. Essentially, this replaces part of your stock holdings with LEAPS, while boosting returns by selling higher Delta Calls. A pretty interesting strategy!