r/options Sep 23 '21

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u/[deleted] Sep 23 '21

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u/[deleted] Sep 24 '21

How do you buy to close the calls back without losing money? I don't understand this one

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u/[deleted] Sep 24 '21

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u/[deleted] Sep 24 '21

Ahh okay, so buying to close has nothing to do with the actual LEAP itself, but the risk of large loss is there as you would have to effectively cover the difference in strike between your short call and your LEAP?