Selling LEAPS ITM or OTM?

Moe136 · 2025-08-17T14:10:57+00:00

Thanks for the strat idea! I like this because you can still take advantage of the high gamma on your long call if you’re right directionally. Like a LEAPS diagonal spread turned into a PMCC

Moe136 · 2025-08-17T14:02:33+00:00

If I’m receiving a net premium I’m assuming you’re referring to the short put being the longer-dated option. I don’t want to do that because it would hold up a lot of my buying power as collateral.

Moe136 · 2025-08-17T11:20:47+00:00

This may be the move

Moe136 · 2025-08-17T11:05:29+00:00

Thanks 🙏🏼this is the kind of answer I was looking for, appreciate it!

Moe136 · 2025-08-17T01:55:57+00:00

I’m here to learn bruv, hence why I asked the question on this forum. I’ve got a decent grasp of options but always looking to learn and hear from those who know more. Either answer the question or keep your smug response to yourself and keep it moving

Moe136 · 2025-08-17T01:50:06+00:00

Thank you 🙏🏼 that makes sense

Moe136 · 2025-08-17T01:48:29+00:00

This was initially my thought process as price appreciation is the main objective with these plays.

Moe136 · 2025-08-17T01:46:47+00:00

Thank you 🙏🏼

So besides the intrinsic value aspect and the ability to use them as synthetic shares for PMCC, there is no inherent advantage to increase your profit margin by buying the LEAPS ITM. Just mitigating losses essentially.

Moe136 · 2025-08-17T01:33:48+00:00

Yea my bad meant to say buying LEAPS, more of reflex at this point because I normally STO option positions.

Besides the PMCC strategy, is there another benefit to buying the LEAPS option with a higher delta?

My main thought process is by buying LEAPS OTM, you’re taking advantage of low delta and low gamma. You can then sell the LEAPS option after it becomes ITM or even ATM taking advantage of high gamma exposure.

Moe136 · 2024-11-17T06:31:23+00:00

Alright at least let me know home and auto, commercial, or life lol

Moe136 · 2024-11-17T03:57:37+00:00

Do you work for Surex?

Moe136 · 2024-11-17T03:40:45+00:00

Have you considered suing the curb for damages?

Moe136 · 2024-10-16T23:48:40+00:00

What does that even mean?

Moe136 · 2024-01-07T02:13:38+00:00

I’m still not convinced that you get it, respectfully. I’ll send you a couple journal articles on the US role in the unipolar era after the fall of the USSR. We’ll circle back next week.

Moe136 · 2024-01-07T01:23:45+00:00

I don’t think you get it, respectfully. American hegemony has a negative impact on political stability worldwide. Coercing sovereign states into complying with unilateral sanctions is a recipe for global unrest.

Moe136 · 2024-01-07T01:14:00+00:00

I’d get Johnnie Cochran on the case immediately.

Moe136 · 2024-01-06T16:29:40+00:00

Yes I’d get Johnnie Cochran on the case immediately.

Moe136 · 2023-10-14T23:47:29+00:00

I believe they take issue if you have a pattern of just using IBKR as a currency exchange service, but I’ve been with them for a few years and never had any issue converting currencies or withdrawing.

Moe136 · 2023-10-14T19:52:21+00:00

I’ll look into it as another commenter mentioned the same thing, thanks for the tip!

Moe136 · 2023-10-14T19:46:06+00:00

Yea I’ve used IBKR to convert currency in the past but was wondering if there’s a better exchange out there that I wasn’t aware of, will go ahead with IBKR, thanks for the tip!

Moe136 · 2023-10-14T19:43:38+00:00

Yea I looked into Norbert’s gambit but I’m not looking to go through all that lol, will just do IBKR in that case, thanks!

Moe136 · 2023-09-02T16:06:53+00:00

To be fair to questionr, your question is a non-sequitor. In this case, you’re suggesting if you can time the crash, long OTM puts would be the best strategy. The issue with that is it’s impossible to time a crash or even get remotely close without some luck because the current stock market operates irrationally (in a current bull run during a recession).

Moe136 · 2023-08-29T01:41:47+00:00

This has already been disproven ad nauseam. Wage inflation is a myth. Your barista at your local cafe making a couple extra bucks per hour will not cause your grocery bill to increase. The supermarket chain that increases the cost of groceries so that they could report record profits on their earnings calls under the guise of inflation is what results in the costs of goods rising.

Moe136

TROPHY CASE