Dangers of ITM Options for Diagonal Spreads

Traders often use deep in-the-money calls as a stock substitute for diagonal spreads. The resulting strategy is sometimes called a "stock replacement covered call" or "poor man's covered call." But once you learn to see synthetic connections of strategies, you may find there's a hidden danger for certain strikes. Please join my Facebook trading group at this link: https://www.facebook.com/groups/290679008073523/ My web page is www.optionsAtoZ.com