Could anyone provide some ideas on LEAP strategies? It doesn't have to be detailed, just some concepts.
The biggest problem with LEAPs is that trading them is very difficult due to their wide spreads. I know some that use LEAPs to write calls on underlying. For example, you go long 10 LEAP calls, and then each month you write 5 front-month calls to help pay for the LEAP premium, eventually you'll have a free position in the LEAPs.
=============== Searching; Keep searching ; leaps dont pay dividends & you pay for decay. Searching i do most of my searching with calls in bull market 7 months & less; buy & sell plan beats the idea one may ''leap'' over decay.
=============================== At first i didnt trust that licenesed broker; after years & years of doing business with him, i proved he was helpful to all parties involved in real estate. James B. Bittman had a helpful , free article in sfomag.com on index LEAPS, where slow decay & bid/ask didnt matter much. Stocks Futures & Options magazine is like that multiyear proven broker; however still probably wouldnt keep 2 year LEAP s 2 years.