But what if you zoomed out to 12, 18, or even 24 months, collecting a large premium upfront on stocks you actually want to own, with a massive buffer before you’re even at risk?
That’s the LEAP put strategy, and in this video you will see exactly how it works in practice, plus some of my live trades.
What You Will Learn
- ✅ What a LEAP put is (and why it’s just the wheel — stretched out)
- ✅ The structural Vega edge most traders completely miss
- ✅ The 4-step selection process for LEAP puts
- ✅ Real trades: Coinbase, Robinhood, SoFi, Tesla, and NVIDIA
- ✅ How LEAP puts connect directly to the wheel strategy
- ✅ The real risks — and how to manage them
Timestamps
- 00:00 Start
- 00:32 What is a LEAP put
- 01:36 The Vega Edge
- 02:51 HOOD Example
- 03:12 My Selection Process for LEAP puts
- 05:00 My Live Trades
- 09:37 The Long-Term Wheel
- 11:05 The Risks
Helpful Resources
- CSP Calculator
- Option Wheel Tracker Spreadsheet
- Wheel eBook
- How to Fix Losing Options Trades
- 10-Part Iron Condor Course
- Options Trading 101
- OTIQ Best Articles
- Master Credit Spreads
Related Videos
- Bull Put Spreads — How to Pick Your Strike and Spread Width Every Time
- How to Fix Losing Options Trades (Cash Secured Puts, Spreads and Condors)
- What to Do When Your Cash Secured Put Goes Against You (Roll It)
- Generate a 9.7% Yield on Tesla Stock Using Options
- 4 Undervalued Stocks I’m Selling Puts On Right Now
- The Exact Strike and DTE Framework for Selling Put Options
- The Best Strike (Delta) and DTE for Selling Put Options
- Volatility Trading Secrets — IV Rank, Skew and Term Structure
- Option Greeks Explained by a 22-Year Options Trader
- The Wheel Strategy Tracker I’ve Used for Years
- Stop Selling Covered Calls — Do This Instead
- The Art of Rolling Cash Secured Puts
- Selling Cash Secured Puts on Interactive Brokers (IBKR): Step-by-Step Guide
- The 5 Technical Indicators I Check Every Day
- 18 Months Running The Wheel on TLT: Every Trade Revealed
- 6 Steps to Sell Put Options Profitably
