It seem s to me that this is a long term trade of years and I would like  to hold the long term leaps for several years and book 100 points or more. If you had bought this ETF when it came out, you could have made 28 times on your investment. The beauty of the leaps is that you have leverage and if you can sell short term calls to pay for the trade as well as get the increase in price if the price goes up, then you have a big winner.

This is where the roll out to the next year makes sense when you have earned enough premium to cover the cost of the leap. Am I making sense or smoking hopium?