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REDDIT

LEAPS on strong companies after a drawdown

S
May 8, 2025 · 13:07

I was hoping to get some input from anybody who had utilized this approach. I used to think of myself as a daytrader, did well for a while, and then became reckless and lost it all including most of the capital I started with. I had been messing with 0dtes (gambling) and essentially swore off options.

However, as I'm looking at the market right now and looking to deploy 50k, I'm wondering whether leaps for 600 days or do could be just the thing to do. I am expecting big recoveries and growth for companies like Amazon, Meta and Nvidia.

Please tell me about your successes and failures with LEAPs.