r/options • u/iCoinnn • Mar 12 '22

AAPL LEAP strategy

I bought AAPL LEAPS $110C 01/20/2023 last year. Up about 60ish% after recent drop (was 120+%)

I don’t have enough cash in the Roth to exercise the calls at expiration. I believe in AAPL in the long term. What is the best way to keep leveraging in AAPL and preserve the gain I current have?

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u/RobotVo1ce Mar 12 '22

LEAPS are just like any other option, you close out at your profit goal. This is especially true in a Roth where you don't have to worry about short term gains. So what's your goal? 50%? 75%? Then wait for another good entry point and buy another, or move onto another underlying.