#LongCalls #LEAPS – It’s days like today where I’m becoming a believer in only selling enough weeklies to rapidly cover the cost of the LEAPS while eliminating upside risk (or most of it). As these weeklies get reset I’m trying to get all my positions setup like this.

Bought to Close FAS JUN 1 2018 67.5 Calls @ .09 (sold for 1.02 full position)

Sold FAS JUN 8 2018 66.0 Calls @ .96 (70 percent)

This position is a 10 lot out to 2020 requiring .42 per week ($420.00). Selling 7 for .96 more than covers that while giving this risk: