Options Playbook 16: Buying LEAPS Calls as a Stock Substitute
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Options Playbook 16: Buying LEAPS Calls as a Stock Substitute
\\nFor those of you with the book, we\\u2019re on page 32. Or, you can find it on OptionsPlaybook.com in the \\u201cRookies\\u201d tab\\xa0 and look for \\u201cBuying LEAPS Calls as a Stock Substitute.\\u201d
\\nToday Brian discusses:
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- A review of buying calls, in-, at-, and out-of-the-money \\n
- How LEAPS can be an alternative to buying a short-term, out-of-the-money call \\n
- What are LEAPS? \\n
- What impact does delta have on long-term options? \\n
- Using a real IBM option as an example \\n
- Caveats, including dividends and bid/ask spreads \\n
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