I recently retired. I have been using PMCC strategies to earn premium and LEAPS profits. But you need to be very conservative with the Short Calls. I have developed a strategy that allows you to sell Covered Calls at deltas of 0.24 - 0.28 and earn much nicer premiums.
If you buy a LEAPS contract deep ITM, approximately 0.75 delta and you also own 100 shares of a high quality company’s stock or Index ETF that you want to own long term you can use higher deltas. If your short call gets assigned your LEAPS will be significantly profitable and \~ 0.80 delta. Roll the LEAPS back to 0.75 and repurchase the shares and repeat the process. **Retired Man’s Covered Call™ (RMCC™)**