REDDIT
Wanting to buy LEAPS calls, but the stock market doesn't look good
Geopolitical tensions affecting oil price directly, which directly affect monetary policy by having more rate hikes in the near term, mid-term elections uncertainty.
I am currently mostly in cash with few protective puts on the indexes.
Plan is:
\- Buy +365DTE, 0.8-0.9 DITM calls Nancy Pelosi style on SPY or VT alternative that has a more liquid options chain, as well as GLD
\- Roll it every 90DTE-180DTE, as I have a small account and would like to have share-like exposure by controlling more shares through such LEAPS, no crystal ball, but almost guaranteed the market will go down at least until Q1 2027