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.

Expected Move Options Research, Mechanics and Commentary Weekly Update Mental Capital Wealth Without Shares Reports The Income Foundation Trade Alerts Options Income Trading Psychology The Income Foundation Reports The Wheel Strategy The Option Premium Weekly Newsletter Greeks Total Access - The Option Premium Reports Strategy Reports Featured Reports Total Access - The Option Premium Trade Alerts Jade Lizard Covered Strangle Short Strangle Bull Put Spread Bear Call Spread Cash-Secured Puts The Implied Truth Trade Alerts Wealth Without Shares Trade Alerts The Implied Perspective Reports Implied Volatility Metrics Poor Man's Covered Call Strategy Subscriber Pages Educational Corner The Implied Perspective Weekly Update Market Research Earnings Trading Strategy Covered Call Options Trading 101: First Steps to Trading The Implied Perspective Trade Alerts The Earnings Playbook Risk Management LEAPS Options Trading Psychology Ratio Spreads Collar Strategy The Income Foundation Weekly Update Building an Options Portfolio Credit Spread Probabilities Implied Volatility Data Iron Condor Wealth Without Shares Weekly Update

The LEAPS Collar: A Smarter Way to Protect Your Position

Learn how to protect Microsoft (and other stocks/ ETFs) using LEAPS collars with $11,770 instead of $40,000. Step-by-step guide with real numbers, strike selection & management.

Poor Man's Covered Calls on Growth Stocks: A Capital-Efficient Approach to Monthly Income

Learn how to use Poor Man's Covered Calls (PMCCs) on growth stocks like Dutch Bros (BROS) to generate monthly income with 65 to 85% less capital than traditional covered calls, plus the ratio PMCC for more upside.

MRK PMCC Strategy Review: How One LEAPS Position Produced 77% "Dividend Replacement" Income While the Stock Gained 37%

A real MRK Poor Man's Covered Call trade breakdown, with real numbers, real bruises, and a repeatable framework you can apply to your own watchlist.

PMCC Management Rules

A practical PMCC management playbook covering LEAPS selection, short call rules, roll triggers, dividend-related assignment risk, and the sizing discipline that keeps capital efficiency from becoming concentration risk.

The Case for Owning More LEAPS Than You Cover: A Smarter Way to Trade Gold

Why selling calls against every LEAPS position may be costing you money. A practical guide to the ratio PMCC strategy for GLD, balancing options income with upside exposure.

JNJ PMCC Strategy Review: How One LEAPS Position Produced 93% "Dividend Replacement" Income While the Stock Gained 32%

A real JNJ Poor Man's Covered Call trade breakdown, with real numbers, real bruises, and a repeatable framework you can apply to your own watchlist.

Why Deep-ITM LEAPS Can Beat Stock for Income Strategies

Deep ITM LEAPS free up capital, define your downside, and create flexibility stock ownership can't match. Here's how to use them for income strategies.

The LEAPS Collar: Protecting Your PMCC When Conviction Wavers

Learn how to protect profitable PMCC positions using LEAPS collars. Detailed strike selection, timing, and risk management for long-term options traders.

Building a Small Dogs PMCC Portfolio (And Why It's Not Just "Dogs of the Dow With Options")

How to build a repeatable income engine with Small Dogs of the Dow and Poor Man's Covered Calls, plus real results from 2025 that prove the structure works.

Building an All-Weather PMCC Portfolio

Learn how to build a diversified "All-Weather" portfolio using Poor Man's Covered Calls (PMCCs): ETF selection, LEAPS rules, short-call overlays, and risk controls that actually work.

LEAPS and Correlation: Don't Build Five Positions That Are Really One Trade

Learn how correlation quietly turns a "diversified" LEAPS portfolio into one concentrated bet, and how to build a framework that keeps your risk honest.

Andrew Crowder

The 15 Best LEAPS Articles of the Year: Stock Replacement + PMCC Income Playbook

Explore the 15 best LEAPS articles of the year, stock replacement, strike selection, PMCC income, rolling rules, collars, and real examples. Bookmark this playbook.

Andrew Crowder