OUT Reddit Mentions | ChartExchange

Hi, great observations and questions!
Yes, LEAPS Calls just outside 1-year.
And yes, I take profit by rolling them UP in the same expiration, resetting them back to 80-delta. That cash can then be put back into more LEAPS Calls.
But what I generally do with it is *buy Calls just 100-120DTE*, but still at 80-delta.
That's riskier, of course, but it gives more leverage. And it's "house money," so if I lose some of it it's not a huge deal.
And when the LEAPS Calls approach 365DTE I'll use some of their excess Delta to roll them OUT to the next expiration.
Thus I always keep my LEAPS Calls >1y.
And I do the same for the 100-120DTE Calls, always keeping them >100 days.
Then whenever I have new cash from the outside (not internal profits, but deposits), it goes into LEAPS Calls.
Dry powder: no, but that would definitely have been nice after Liberation (from your money) Day. I stay fully invested, because I'm trying to keep every dollar at work.
And yes, that's riskier than holding shares.
But I think I mitigate that to a large extent by:
1) Using ETFs vs. individual companies ("single issue" risk).
2) By monitoring daily. You don't have to watch daily--weekly would be enough--but I can't help myself, and I love the markets anyway. So I'm always making those little rolls to take out profit, etc.
Another 2008 recession event: I'll ask you to read through my reply above again. It took *9 months* for the S&P to lose the first 20%. Nine MONTHS.
Not long ago I said to someone I email with about this stuff that if we kept our heads down, monitored our positions, took them off when they flattened out, and screened for new ETFs to replace them, never looking at SPY or the Naz or Dow, we might not even know there *was* a bear market building in.
Because the thing is, something is ALWAYS going up. I can't prove that, but I feel it in my bones.
Take the SPDR sector ETFs like gold, technology, financials, industrials, T-bills, healthcare, developed world ex-US, communications, energy, emerging markets, consumer staples, utilities.
Some of those you'll recognize as 'defensive' sectors, so they'll probably hold or go up a little. And I already showed in my post above what gold did during 2008.

PLUS there's the inverse-index funds (not the leveraged ones, just inverse, -1) like SH, PSQ, SPDN, RWM, & DOG.
When I sort by past 3-month performance (or 1-month, if I sense it's happening), those will start trickling to the top of the list. So I can buy them and be short the market, making money on the way down.
As for doubling, the S&P has done 16-17% CAGR over the past 5 years.
The Rule of 72 says we can divide 16% into 72 and that'll tell us how long to double: 4.5 years.
Sounds like you like Nvidia: add in names like that and if you do well maybe you're doubling in 3 years?
Now take my XBI example from above: 55% in 2 months = 27% per month. Divide that into 72 and see what you get. It's too stupid for me to even name, and I'm not claiming that.
But to give you an idea of the power of LEAPS Calls at 80-delta, plus the 100-120DTE 80-delta Calls I buy with profits, I did [this in 3 months](https://imgur.com/a/schwab-account-statement-11oct25-BLwTnhq) this year, almost exclusively trading GLD. No new money, just aggressively plowing profits into 100-day Calls.
And granted, that's not all LEAPS Calls, but to me it proved the viability of the strategy.
Take care,
Mike

document.getElementById("XqrHp2").onerror = function(){this.style.display='none';}; .dark-mode .b4nqmx{ color: white; background-color: #333333; border: 2px solid white; }.light-mode .b4nqmx{ color: #333333; background-color: white; border: 2px solid #333333; }OUTOUTFRONT Media Inc.stock NYSE

OUT
OUTFRONT Media Inc.
stock NYSE