Tagged: leap

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Citigroup Bull Vertical Put Spread

On my dough account I purchased a bull vertical put spread on Citigroup (ticker symbol C). According to Schwab, this strategy consists of simultaneously purchasing and selling put options at the same expiration date but different strike prices. The bull-version of this strategy is profitable for an upward movement when...

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My First LEAP Option Purchase

A LEAP stands for “Long Term Equity Anticipation Security.” It basically is the purchase of a stock option with an expiration period a long ways in the future. Some of the benefits of the LEAPs include a high delta (for in-the-money options) and a very, very small theta. Johnny could...