Broker for 100 LEAPS

Any cheap brokers for 100 long EQUITY LEAPS that wont screw me too much on the spread and will charge me less than .50 a contract commission and will automatically assign if ITM at expiration (and not charge a fee). 75% margin would be nice, too. (Not interested in RH or WB, btw.)


You're looking to hold LEAPS to exp? RUOK?

You exercise, not assign. There is so much wrong with your post.
 
Ok, when is the optimal time to sell a put that goes from ATM and slowly drifts down every 18 to 36 months to when the underlying reverse splits and the cycle repeats?
 
Last edited:
Ok, when is the optimal time to sell a put that goes from ATM and slowly drifts down every 18 to 36 months to when the underlying reverse splits and the cycle repeats?

please rephrase the question. this isn't understandable.
 
please rephrase the question. this isn't understandable.

when is the best optimal time to sell/close a long LEAPS put that you bought ATM but is likely to slowly drift increasingly ITM over 18 to 28 months and be execucuted automatically -- or until the underlying reverse splits, which is more likely? Better?
 
when is the best optimal time to sell/close a long LEAPS put that you bought ATM but is likely to slowly drift increasingly ITM over 18 to 28 months and be execucuted automatically -- or until the underlying reverse splits, which is more likely? Better?

no. Doesn’t make sense what you are asking.
 
you're in luck. I am fluent in gibberish. Self taught. Life long learner. Are you asking when to exercise long options?

Code:
C-P = S-K+carry-dividend
 
Ok, polyglots, one last try: I buy a LEAPS put on the day it starts trading and hold it until it expires. I buy it ATM. Because of the nature of the underlying, the put slowly increases in value but at about half way to expiration, the underlying reverse splits, say 10 for 1, which curtails volume in the put, as a new series is introduced. Do I hold though the reverse split? Any caveats? If not, when is the best time to sell, if the price increase is steady, as in the decay?
 
Ok, polyglots, one last try: I buy a LEAPS put on the day it starts trading and hold it until it expires. I buy it ATM. Because of the nature of the underlying, the put slowly increases in value but at about half way to expiration, the underlying reverse splits, say 10 for 1, which curtails volume in the put, as a new series is introduced. Do I hold though the reverse split? Any caveats? If not, when is the best time to sell, if the price increase is steady, as in the decay?
The leaps will spilt or reverse split as well as the underlying.
 
Back
Top