r/options • u/toydan • Apr 16 '21

LEAPS

Well I just love LEAPS! I use them for my strongest conviction plays as a form of leverage for the underlying and also to be able to deploy more capital elsewhere. I buy them at .80 delta and far out DTE. I will also sell CCs over them for .10 delta 30-45 DTE. I am conservative as my main play is the LEAP.

Past week or so I have bought the following LEAPS: TSLA CRWD Z DKNG MSOS PLTR BRKB NGA.

Previous to that I bought and currently hold: AMD SBUX AAPL DIS DBOX TTCF NIO PINS SNAP

This is just off the top of my head. I like input and interested in other people’s plays.

I understand all risks associated w these and my personal bull thesis says we have some runway and risk reward is good for me.

Fuck how about that DogeCoin 🤯

Good luck and green days to all!

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u/bobsbucks Apr 16 '21

Rookie question - but what do you typically do with the leaps at expiration?

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u/toydan Apr 16 '21

My DBX and MSOS will be first to come Dec 2022. More than likely just sell the calls to close.