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REDDIT

If you have thousands shares of a major company, can you live off LEAPs?

C
Jun 17, 2026 · 21:57

I have about 5000 shares of a major company and can sell them for $20 per contract. Seems I can make around 100k year if I sell 1 year LEAPS with strike price about 35-40% greater than current price. What are the risks?

Edit: I meant 35-40% greater instead of 50%