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Tag Archives: Calendar Spread
Option expirations and theta

Mechanics of LEAPS

LEAPS are long-term options that have expiration dates between nine months and two and a half years out. The term is an acronym for Long Term Equity AnticiPation Securities. Once […]

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LEAPS and Covered Call Writing: A Review and a Hypothetical Example/ Contest Application

A covered call writing-like strategy involves buying deep in-the-money LEAPS options and then selling short-term slightly out-of-the-money call options. Leaps become a stock surrogate. The term Leaps stands for Long […]

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Using LEAPS options as a stock surrogate

LEAPS And Covered Call Writing

Covered call writing entails buying a stock and then selling an option.  But what if I buy a call option instead of the stock and then sell a call option […]

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