LEAPS

LEAPS are long-term call options used for stock replacement and capital efficiency. Learn deep ITM selection, delta 0.70–0.85, 12–24 months DTE, IV Rank filters, PMCC overlays, roll cadence, and risk-first sizing so you capture upside with defined downside.

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Deep-ITM LEAPS: The 0.75 to 0.85 Delta Playbook

Deep-ITM LEAPS with 0.75 to 0.85 delta deliver stock-like returns with 65 to 85% less capital. Learn why this delta range wins for capital-efficient equity exposure.

📚 Educational Corner: How to Create "Synthetic Dividends" with LEAPS

Use LEAPS as capital-efficient "stock" and sell short calls for steady cash flow. A complete, rules-based framework for building synthetic dividends with deep-ITM LEAPS, ratio overlays, and mechanical risk management.

The Real Way to Pick LEAPS Strikes (And Why Most Traders Get It Wrong)

How to pick LEAPS strikes using the intrinsic/extrinsic mix, delta elasticity, and cost so you capture stock‐like exposure with smart risk and better capital efficiency.

LEAPS vs. Stock: Why "Efficient Stock" Actually Works

LEAPS vs. stock: how deep ITM calls (12 to 24 months) deliver stock-like exposure with less capital, delta targets, extrinsic tests, and income via short calls.

LEAPS Options: The Complete Guide (Mechanics, Strategy, and Real Use-Cases)

Learn LEAPS options the right way, mechanics, delta & extrinsic value, deep ITM selection, PMCC steps, rolling, risk, taxes/IRAs, examples, tools, FAQs.

LEAPS 101: What They Are and Why Pros Use Them - Stock Replacement Explained

Learn how LEAPS replace stock with less capital, smart delta targeting, and clear risk controls. Step-by-step rules, examples, and pitfalls.