Can You Really Make $10,000 a Month With LEAPS on SPY? (Honest Review)

Money Talk with Rashad claims you can retire with just $170,000 by making $10,000 a month—or 70% per year—trading LEAPS options on SPY. In this honest beginner-friendly review, I break down why I believe this claim is close to 0% likely to be true.

Here's what you'll learn:
✅ What is a LEAPS option? (Explained simply for beginners)
✅ What is a Poor Man's Covered Call (PMCC)? (And why it often fails)
✅ Why selling covered calls against your LEAPS caps your upside AND leaves you with full downside risk
✅ Why every covered call ETF dramatically underperforms the market by 5-6% per year
✅ Why you can actually LOSE money on this strategy even when the market goes UP
✅ The simple math: If the S&P 500 averages 10-12% per year, how could anyone consistently make 70%?

The Real Problem With Rashad's Strategy:

He sells a 40-delta short call that gets challenged roughly 45-50% of the time
When the short call goes in the money, his short delta exceeds his long delta—meaning you lose money as SPY goes UP
He never shows you what to do when the trade goes wrong
His real income likely comes from his paid community, not from trading
Bottom Line: Based on my analysis, this strategy is likely to return 8-10% per year at best—not 70%. And a simple buy-and-hold index fund would outperform it with far less work and stress.

Real comments from viewers who noticed the same problems:

"The market averages more than 1.35% moves monthly—how do you compensate for the losses?"
"This strategy has risk on both sides. I wouldn't follow it."
Chapters:
0:00 – Introduction: Can You Really Retire With $170k?
0:00 – Who is Money Talk With Rashad?
0:00 – What is a LEAPS Option? (Beginner Explanation)
0:00 – The Poor Man's Covered Call Explained
0:00 – Why Covered Calls Cap Your Upside
0:00 – How You Can Lose Money Even When SPY Goes UP
0:00 – The Real Math: 70% Per Year vs. Reality
0:00 – What Happens When the Short Call Goes In the Money?
0:00 – Why Covered Call ETFs Underperform the Market
0:00 – Viewer Comments: They Noticed the Same Problems
0:00 – Final Verdict

Visit https://beststockstrategy.com to get over $400 of free beginner training.

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