SyndicateTwo's Stock Board

[SyndicateTwo]

Yeah, it works. But you have to be very carefull rolling this that way because you're basically stuck selling calls that are outside your cost + basis on the LEAPS. Otherwise if the thing moves on you, you're screwed.

It just gets a bit too risky and requires alot of attention to stay on top of it if you're doing it with LEAPS rather than the stock. The stock is just easier. It's almost a 'set it and forget it' trade.