LEAPS OPTIONS : THE LONG-TERM OPTIONS PLAYBOOK: The Complete Guide to Long-Term Equity Options for Wealth Building, Income, and Portfolio Protection - Softcover

Pelz, Tony

Softcover

ISBN 13: 9798952644243

Publisher: PMG, 2026

Synopsis

Every options book you've read was written about the same forty-five days, priced off a surface that barely has time to move, and has nothing useful to say about an option expiring in eighteen months. A LEAPS position doesn't decay, carry Vega, or expose you to rates and dividends the way a 30-day option does. Manage it with weekly-option instincts and you'll misprice it, mismanage it, and blame the strategy for a failure of framework.

Existing LEAPS books are pre-2008 relics or thin weekend guides, this is the Greek-first treatment the instrument has never had.

Inside, you'll build:

• LEAPS-scale Theta, Vega, and Rho/dividend risk, modeled properly
• The five strategy families that matter: stock replacement, the Poor Man's Covered Call, the buy-write, calendar/diagonal construction, and portfolio hedging, with the rolling mechanics most books skip
• The U.S. tax treatment unique to long-dated equity options
• A framework for sizing a LEAPS portfolio without
over-concentrating on one sector

Three full case studies close the book, entry to exit with complete P&L attribution. This isn't an options primer or a 108-strategy survey, it assumes you know the Greeks, and it's built for a trader ready to think in years, not days.

Edition details

• Publisher: PMG
• Publication date: 2026
• Language: English
• ISBN 13: 9798952644243
• Binding: Paperback
• Number of pages: 244