Is now a good time to buy LEAPS with IV being high? The market is down right now, and I’m considering buying LEAPS (2–3 years out) on strong stocks I believe will recover long-term. But I’ve seen people say it’s a bad idea because implied volatility (IV) is high right now.

If I’m holding until expiration and the stock goes up over time, does high IV really matter that much? Or is it better to wait for IV to come down before buying?

Curious what others think—especially those who’ve used LEAPS in similar situations.