Question about LEAPs. I purchased 1/2022 calls on a few down in the dumps real estate stocks like IVR. When I read about leaps, the advice was to buy some thing with a minimum delta of .70, So I bought, for example, a 1.50 call for IVR. If this stock reaches pre-Covid levels, and my LEAP is deep, deep lTM, will I have trouble selling it? Thanks, this is my first day.

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You need to look at bid-ask spread and Open Interest to see how easy it will be to sell. Always look at OI before entering an option trade or there may be no market. There seems to be a lot of OI on IVR for all strikes $2+, so shouldn’t be an issue. Please learn some basics, though, before entering more trades

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When I said it was my first day, that was an expression. I’ve done a lot of reading based on what people have recommended here. I do understand the concept of OI. I’ve just never held a long term option.

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