leveraged, time-rich exposure · Options & probability — the math of “what are the odds?”
Options that expire roughly 18 months or more out. They give you leveraged, time-rich exposure to a stock’s rise for a fraction of the share price — but you can lose the entire premium if the thesis doesn’t play out in time.
The Options screen hunts the whole universe for LEAPS that combine three things: conviction (a strong underlying stock), a cheap option (implied volatility below realized), and a real payoff if the stock reaches fair value.