03-10-2020, 09:59 PM
Fenders if you're going to buy call LEAPS, sell a nearer month call above the market. Both will have the same impact from whatever the volatility is and the nearer month will decay faster.
(Buy your LEAP with a 70 Delta or greater, several strikes ITM)
Synthetic covered call is the strategy
(Buy your LEAP with a 70 Delta or greater, several strikes ITM)
Synthetic covered call is the strategy