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How will you estimate the change of theta (time decay). Let’s say the SP reaches $300 in June 2026, the LEAPs should return far less than 3.8x factoring in time decay, right?

Please sign me up, @Yoona !

Thank you! I figure the key is to keep a close watch on the weeklies and try to roll before they go ITM to be safe. Will read more on PMCC and calendar spread per @ad's suggestion.

When you write weekly calls backed by LEAP Cs like these, are those essentially spreads? What would be your risk management in case the SP shoots up short term? I am thinking about writing against a few LEAP Cs I have, but I have read the warnings on spreads here and would like to understand how...

Thanks! I found the discussion on page 1863 very helpful. I use IBKR and as @dl003 said, they only define options same strike same expiration date as substantially identical securities. One can always count on finding great wisdom on this forum!

Thank you (I don't see a like button for other people's posts). I read that the wash sale rule applies to options with different strike dates of the same underlying stock (i.e., TSLA). If that is the case, will the cost basis of my most recently purchased TSLA related security be adjusted up and...

Hi everyone, Thanks to all the gurus here. I’m been learning a lot from the knowledgeable community here and slowly improving my understanding of options trading. I have a question related to the tax implications for my after-tax trading account in the US, primarily used for TSLA and its...

Could you explain the rationale to purchase deep ITM LEAP calls if your covered calls get assigned? I have been doing the relatively safer CC and CSP as well. Just want to reduce my cost basis over the time and keep the shares longterm :)