I made $55,000 in 6 months on ONE trade.
A 600% return
Here's how you can turn typical 10% returns into 200%+ using long term options:
Let's not waste any time and get right into it👇
Long Term Options are simply a way to "invest" on a more aggressive way
There's a specific strategy that I use to pick stocks for long term options, but first...
let's talk about WHICH options to select:
With typical swing trades I always prefer going ITM.
Not the case for LEAPS.
With longer term options, I love going OTM
Decay isn't that much a factor and you'll be paying less per contract since leaps are already pretty expensive
Depending on the stock, I'd recommend going 20-30% OTM of the current share price
This is pretty loose, but the main concept to recognize is that you want the contracts to be ITM within 6 months
There will be a point where decay will kick in and for that you'd want to be ITM.
If you aren't sure about the strike, then go more ITM. It's always better to get closer to ITM then OTM.
Okay, let's move onto date to expiry: