Trading LEAPS as a Stock Replacement Strategy
Long-Term Equity Anticipation Securities, often referred to by the nickname “LEAPS,” are options with expiration dates greater than one year from the day of trade initiation.
Trading LEAPS as a Stock Replacement Strategy
Volatility and the Greeks
The last time the markets moved with this much pace was the 2008-2009 Financial Crisis, which occurred not long after the introduction of the first iPhone. That means many investors and traders active in the current environment have never before observed, or dealt with, such dynamic markets. In some ways, less-experienced traders possess advantages in … Continued
The Butterfly Payoff
What’s the right environment for the butterfly spread? While short straddles and strangles are great trades when investors want to speculate that a stock will not move much, the risk can seem too great. The long butterfly provides a potential alternative. A butterfly spread has low probability and low risk. That means there’s a low … Continued