Anyone here do LEAPS? Any recent positions?

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Holding NVDA leaps 20 lots 200 strike June 2025 expiry! Bought when Nvidia was at100 couple of months ago! Most recent leaps were for HOOD when it crashed after earnings. Today bought some leaps for draftking

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just opened HON LEAPS on wednesday purely based on the chart. 250 strike for jan 2026

closed +121% in ~40 days 😏

I feel like LEAPS are too speculative. I am going to stick with the “wheel” for now…

Have you looked at the risk on a equivalent capital basis? How much do you spend on say a delta 60 call out a year to get the equivalent 100 delta of buying 100 shares. Then, can you diversify that additional capital to lower your portfolio risk?

When I did this analysis, and I have never had purpose have restrictions except on my company stock, I find the risk drops dramatically at roughly 140 days as the diversification works wonders.

smart

Leaps are also another option for selling covered calls if that is your jam. Significantly less capital tied up in an ITM leap vs 100 shares

Yes, poor man’s CC. I just haven’t had success with buying long range calls.

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