### Comment:
Better to BUY an ITM LEAP and then sell the weeklies slightly OTM. You're using a long expiration to create multiple diagonal spreads. Often refered to as a Poor Man's Covered Call, but you can do the same thing with Puts because of call-put parity.

### REPLY:
So buy an item call and then sell otm calls? So you basically try to sell things just far enough otm that they get thetad and split the difference? Would you hedge that? 
  
 Oh wait never mind, I guess it somewhat hedges itself since the sold calls wouldn't lost money if the stock dropped. I guess once you sell enough calls to pay for the ones you hold it's all gravy.

### END.