Would like to start doing leap options since day trading sucks for me. Any tips on deltas to aim for? I was thinking around .45 or so with Magnificent 7 stocks. And maybe a .60 for some small/mid cap stocks like PLTR and SOFI LEAP Options byu/Venom-TV inoptions Posted by Venom-TV
QuarkOfTheMatter on August 25, 2024 6:02 am Most recommend doing 0.75 delta or higher. More expensive but also dont pay as much extrinsic.
MrFyxet99 on August 25, 2024 6:29 am Wait for IV to come down.And minimize extrinsic value by buying ITM, 70-80 delta.Spreads can be bad out there but try to get a good price.
Syonoq on August 25, 2024 7:26 am [FWIW](https://www.amazon.com/INTRINSIC-Using-LEAPS-Retire-Early/dp/0578814161/ref=sr_1_1?crid=15Y7BQYKV1Y8G&dib=eyJ2IjoiMSJ9.3EJKNNFS5tYAthAlbn_eLsElfyYPQRQ7Jctkvgyks1i69jrdBuGYzvSMtlmMKR4h04KBfnkJBOSlObZQK_QBJwpC7BfKTQwjtnwYRSRr3TS8vJh2lY32YYMWy9FGYBJs4DG_M5–2gM4_He6udCQx5FLcpYtCIs0qe4LzPMjcLGc8HzyuCHi8AFYU-GEpplGTDJ1cQvxn6o97uNM1q6ABbqu-Gf8NPda72xgyT-kaiE.wNj8vYU_VEUW7I8CF4jj0uXE8rXbdvvh9BCFWZAKInU&dib_tag=se&keywords=intrinsic&qid=1724570712&s=books&sprefix=intrin%2Cstripbooks%2C221&sr=1-1) Intrinsic: using LEAPS to retire early. Good read.
3 Comments
Most recommend doing 0.75 delta or higher. More expensive but also dont pay as much extrinsic.
Wait for IV to come down.And minimize extrinsic value by buying ITM, 70-80 delta.Spreads can be bad out there but try to get a good price.
[FWIW](https://www.amazon.com/INTRINSIC-Using-LEAPS-Retire-Early/dp/0578814161/ref=sr_1_1?crid=15Y7BQYKV1Y8G&dib=eyJ2IjoiMSJ9.3EJKNNFS5tYAthAlbn_eLsElfyYPQRQ7Jctkvgyks1i69jrdBuGYzvSMtlmMKR4h04KBfnkJBOSlObZQK_QBJwpC7BfKTQwjtnwYRSRr3TS8vJh2lY32YYMWy9FGYBJs4DG_M5–2gM4_He6udCQx5FLcpYtCIs0qe4LzPMjcLGc8HzyuCHi8AFYU-GEpplGTDJ1cQvxn6o97uNM1q6ABbqu-Gf8NPda72xgyT-kaiE.wNj8vYU_VEUW7I8CF4jj0uXE8rXbdvvh9BCFWZAKInU&dib_tag=se&keywords=intrinsic&qid=1724570712&s=books&sprefix=intrin%2Cstripbooks%2C221&sr=1-1) Intrinsic: using LEAPS to retire early. Good read.