How I caught a +65% move on a single LEAPS Trade — in fourteen days.
And why I’m showing you the trade, the cost basis, and the thesis — in a sample issue you can read, in full, before you decide to subscribe.
You sold a winner at +30%. It went to +400%. And you knew — not because of luck, but because the thesis hadn’t changed. Your nerves had. You watched the position you researched, sized correctly, and entered with conviction get cut in half by a Tuesday-morning impulse to “lock in the gain.”
I did the same thing in 2015. Held a LEAPs contract on a name I’d researched for months. Up 80%. Took the win. The stock ran another 420% over the next eight months. The thesis never broke. I broke.
What follows is one of the trades I’m holding right now — and the framework that put me in it before the move. Read the issue. If the work is for you, subscribe. If it isn’t, keep what you’ve learned and go in peace.
Why this LEAP. Why this strike. Why this expiration. Why now.
The trade looked obvious in hindsight — they always do. On April 11th, APLD was sitting at $26.68 — roughly 37% below the $42 highs it had printed just months earlier, and well off the lows carved out through a brutal March selloff. The AI infrastructure trade had been left for dead. Sentiment was cautious. Volume was rebuilding off the floor. The setup, however, was structurally clean.
The stock had reclaimed its 200-day EMA at $24.60 on confirming volume and was printing a third consecutive higher low — a quiet signal that supply had been exhausted. The 20 and 50 EMAs were compressing into price, the kind of coil that historically resolves with directional violence. And underneath the chart, nothing about the thesis had changed: hyperscaler capex was still tracking past $350B for the year, GPU supply remained constrained, and APLD's contracted compute sat directly in the critical path of the buildout.
The asymmetry was almost mechanical. The January 2027 $25 calls were trading at $9.55 — nearly at-the-money on a name that had already proven it could trade at $42. A simple gap recovery delivered roughly +95%. A re-rating toward the mid-$50s, supported by peer multiples on contracted GPU revenue, pushed the math past +220%. Layer a monthly diagonal short above $35 against it, and the net cost dropped to $8.70 — with another stream of premium compounding behind it. The downside was bounded and known. The upside wasn't.
I posted the entry to members on April 11th. Fourteen days later, the position was up 65%. That is the work this letter does.
What separates this trade from a lucky one isn't the outcome — it's the process. The watchlist that flagged it weeks before entry. The patience to let a 37% drawdown finish playing out instead of catching the knife on the way down. The sizing that lets the position breathe through normal chop without flinching.
The exit rule that says: hold while the thesis holds. I will exit only when the thesis breaks — not when the price gets uncomfortable. That is the discipline you are paying for. The picks are downstream of it.
The full thesis — including the proprietary screen, the sizing model, and the exit decision tree — runs five pages in the full Issue 5.
A five-step engine for compounding capital, not chasing tickers.
Most traders look for the next setup. The flywheel makes the positions you already own work for you. Core stock funds covered-call income. Premium recycles into new LEAPS. Profitable LEAPS get exercised or rolled into more core stock. Cash-secured puts add yield on the bench.
It is not a trick. It is an engineering problem — and engineering problems compound when run patiently.
Every trade. Documented in real time.
The Trades
A full PDF for every live position: thesis, entry, strategy selection, sizing, and exit triggers. Documented in real time as I enter the trade. New issues drop when the setup is right — never forced, never on a schedule. At least once a month. Often more.
Real-Time Management
Rolls, exits, adds, hedges — pushed same day by email and SMS. Plus, ongoing video walkthroughs on every open position, so you can watch the trade managed in real time. Past trades are reviewed and dissected as they close.
The Vault & Library
The LEAPS-specific watchlist — pre-screened candidates, sector-segmented, updated weekly. The same universe the trades come from. Plus, the How to Trade LEAPS video series and ongoing educational drops, so you can run the playbook on names you find yourself.
From the readership.
After the first 100 founding subscriptions, the rate moves permanently to $147/mo — and the founding rate closes for good.
- Every live LEAPS trade — full PDF: thesis, entry, sizing, exit triggers
- Real-time roll, exit, and add alerts by email & SMS
- Ongoing video walkthroughs on every open position
- The Vault: LEAPS Edition — 100+ pre-screened LEAPS candidates, updated quarterly
- The Library — How to Trade LEAPS video series + ongoing education
- The OTC Members Circle — private community access for Q&A
- Founding rate locked for the lifetime of your membership
The math of this letter has never been about traffic or growth. It has been about readership. One hundred founding subscribers, locked at the founding rate for life, is enough to fund the work. After that, the door closes.
I started writing this because in 2015 I held a position with conviction, sold at +80%, and watched it run another 420% without me. I broke. The thesis didn’t. That moment cost more than money — it cost the lesson I should have learned a decade earlier. The LEAPS Letter is what came out of it.
If you’ve read this far, you’re likely the kind of reader the work is for. Disciplined. Long-horizon. Tired of the noise. Looking for the boring, repeatable engineering problem of compounding capital — not the next 10x lottery ticket.
If that’s you, the founding subscription is below. If it isn’t, no harm done — keep what you’ve learned and go in peace. The work will be here either way.
