LEAP Options
Choosing a LEAP Strike Price
The strike price determines how much of a LEAP's premium is intrinsic versus time value, which in turn affects cost, delta and how far the stock must move.
Strike choices compared
- In-the-money: higher cost, higher delta, behaves more like stock
- At-the-money: balanced cost and sensitivity
- Out-of-the-money: cheaper, lower delta, needs a bigger move
Match strike to plan
Record why you chose the strike. Reviewing that reason after the trade is one of the fastest ways to improve contract selection.
SwingLEAP is a planning and record-keeping tool. It does not recommend trades, predict prices, or execute orders.