✳️ After 24+ years trading options professionally, I've learned that sustainable returns come from systematic approaches, not speculation. Every 𝗦𝘂𝗻𝗱𝗮𝘆 𝗮𝘁 𝟲 𝗣𝗠 𝗘𝗦𝗧, I share what I'm actually doing: LEAPS strategies (including various PMCC strategies), Wheel

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

If you have some time over the holidays, I'll be posting a few of these over the next week or so. 🧠𝗧𝗵𝗲 𝟭𝟱 𝗕𝗲𝘀𝘁 𝗟𝗘𝗔𝗣𝗦 𝗔𝗿𝘁𝗶𝗰𝗹𝗲𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿: 𝗦𝘁𝗼𝗰𝗸 𝗥𝗲𝗽𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁 + 𝗣𝗠𝗖𝗖 𝗜𝗻𝗰𝗼𝗺𝗲 𝗣𝗹𝗮𝘆𝗯𝗼𝗼𝗸 Explore the 15 best LEAPS

If you have some time over the holidays, I'll be posting a few of these over the next week or so. 🧠𝗧𝗵𝗲 𝟭𝟱 𝗕𝗲𝘀𝘁 𝗟𝗘𝗔𝗣𝗦 𝗔𝗿𝘁𝗶𝗰𝗹𝗲𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿: 𝗦𝘁𝗼𝗰𝗸 𝗥𝗲𝗽𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁 + 𝗣𝗠𝗖𝗖 𝗜𝗻𝗰𝗼𝗺𝗲 𝗣𝗹𝗮𝘆𝗯𝗼𝗼𝗸 Explore the 15 best LEAPS

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.

𝗛𝗼𝘄 𝗤𝘂𝗮𝗻𝘁𝘀 𝗠𝗮𝗻𝗮𝗴𝗲 𝗥𝗶𝘀𝗸 (𝗔𝗻𝗱 𝗪𝗵𝗮𝘁 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗦𝗲𝗹𝗹𝗲𝗿𝘀 𝗖𝗮𝗻 𝗟𝗲𝗮𝗿𝗻) Quantitative traders don't avoid risk, they measure, price, and size it systematically. Learn the institutional frameworks you can apply to options premium selling.

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.

𝗛𝗼𝘄 𝗤𝘂𝗮𝗻𝘁𝘀 𝗠𝗮𝗻𝗮𝗴𝗲 𝗥𝗶𝘀𝗸 (𝗔𝗻𝗱 𝗪𝗵𝗮𝘁 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗦𝗲𝗹𝗹𝗲𝗿𝘀 𝗖𝗮𝗻 𝗟𝗲𝗮𝗿𝗻) Quantitative traders don't avoid risk, they measure, price, and size it systematically. Learn the institutional frameworks you can apply to options premium selling.

If you have some time over the holidays, I'll be posting a few of these over the next week or so. 🧠𝗧𝗵𝗲 𝟭𝟱 𝗕𝗲𝘀𝘁 𝗟𝗘𝗔𝗣𝗦 𝗔𝗿𝘁𝗶𝗰𝗹𝗲𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿: 𝗦𝘁𝗼𝗰𝗸 𝗥𝗲𝗽𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁 + 𝗣𝗠𝗖𝗖 𝗜𝗻𝗰𝗼𝗺𝗲 𝗣𝗹𝗮𝘆𝗯𝗼𝗼𝗸 Explore the 15 best LEAPS

LEAPS (Long-term Equity Anticipation Securities) are the typical vehicle for the long call in a PMCC. Duration matters because you want that long call to maintain delta stability across your income-generation timeline.

Your cost basis after assignment is strike price minus premium received. This matters for taxes, for tracking, for decision-making. Know your real entry price. #CashSecuredPut

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.

The 80-delta long call is conventional wisdom for a reason: it moves with the stock while maintaining minimal extrinsic value to decay. Going lower delta to save capital increases your deviation from stock movement.

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.

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

𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗿𝗻𝗲𝗿: 𝗜𝗻𝗰𝗼𝗺𝗲 𝗠𝗮𝘁𝗵 𝘄𝗶𝘁𝗵 𝗟𝗘𝗔𝗣𝗦 - 𝗕𝗮𝘀𝗶𝘀 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻, 𝗬𝗶𝗲𝗹𝗱 𝗼𝗻 𝗖𝗮𝗽𝗶𝘁𝗮𝗹, 𝗮𝗻𝗱 𝗥𝗲𝗮𝗹𝗶𝘀𝘁𝗶𝗰 𝗘𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀 Learn the real income math behind LEAPS (PMCC) strategies: basis reduction tracking,

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

𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗿𝗻𝗲𝗿: 𝗜𝗻𝗰𝗼𝗺𝗲 𝗠𝗮𝘁𝗵 𝘄𝗶𝘁𝗵 𝗟𝗘𝗔𝗣𝗦 - 𝗕𝗮𝘀𝗶𝘀 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻, 𝗬𝗶𝗲𝗹𝗱 𝗼𝗻 𝗖𝗮𝗽𝗶𝘁𝗮𝗹, 𝗮𝗻𝗱 𝗥𝗲𝗮𝗹𝗶𝘀𝘁𝗶𝗰 𝗘𝘅𝗽𝗲𝗰𝘁𝗮𝘁𝗶𝗼𝗻𝘀 Learn the real income math behind LEAPS (PMCC) strategies: basis reduction tracking,

PMCCs work best on stocks you're bullish on that have moderate IV. You want the stock to trend up slowly while you collect premium on short calls. Violent moves in either direction complicate things.

📩 The Option Premium Weekly Newsletter - December 21, 2025

The 16-delta, 30-DTE approach isn't magical. It's just one framework among many. What matters is consistency in your approach, not which specific strikes you choose. #OptionsTrading