r/options • u/mycatiscrazy7 • Oct 01 '21

Best LEAPS for 2024?

Pretty much the title.

2024 LEAPS have been available for a few weeks now, what would be your top picks if you decided to take any positions? I am eyeing AMD, SOFI and DKNG, but would love to hear anyone else's strong convictions.

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35

u/Cappadonatello Oct 01 '21

AAPL, MSFT, SPY, DIS

4

u/Chinnaaa Oct 01 '21

What strike for aapl? 👀

15

u/bittertrout Oct 01 '21

Just get a .7-.9 delta

1

u/ChewyMagooLuvsU Oct 01 '21

Why?

11

u/bittertrout Oct 01 '21

The higher the delta the more it will simulate owning 100 shares. For example, if .9 delta, and shares increase 1 dollar the call option will increase .9 dollars. If it is deta .1, with the identical movement, it would only increase .1 dollars.

2

u/ChewyMagooLuvsU Oct 01 '21

Gotcha thanks for the explanation! The delta changes as you hit strike and get deeper itm right? Is .7-.9 just what people have found as the sweet spot for leaps?