Do PMCC's work?

mervyn said:
it is hail mary trade, hence the name poorman's covered call, not a comparison.

bought 5 orcl sept 2024 100 call and sold 12/22 105 call after earnings dropped last week, now the long leg is up 30.73%. i will roll the short leg to 107-110, with expectation orcl will go back to 115 or above.

or i could leave it both at have a projected return at 33% expiring this friday.
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Would buying a call spread or selling a put spread have returned more? I guess difference is the higher delta of the long call in the pmcc.
 
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It is self-fulfilling.
It will make you poorer.
 
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