I’m looking at Jan 2027, 260 strike. Going for leveraged profit, might also grab some “mini LEAPS” (Jun ‘26) ATM (so probably 250 or 255 tomorrow).

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Learning more about options trading myself now so figuring out the ropes - how come you’re buying $250 calls for Jun 26 when it’s currently at $252? How do you think about expiry date and strike price when trading options?

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Sat on my Jun 2026 calls for a long long time and they are finally looking like they'll make me some money this year.

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I threw down $5K on 10$ strike SNAP mini leaps (Jun 2026) just because it seemed a reasonable buy based on the YTD chart and it's pumping already wtf.

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 Despite its apparent edge, the strategy is not arbitraged away, and an edge persists due to several market dynamics and structural factors.  Why This Strategy Is Not Arbitraged Away Arbitrage implies risk-free profit by exploiting mispriced assets, but this strategy involves risk, friction, and inefficiencies that prevent perfect arbitrage Market Frictions and Costs: Transaction Costs: Bid-ask spreads on SPX options (avg $0.10-$0.30 per contract) and commissions ($0.50-$1/contract for retail) eat into profits. Behavioral and Psychological Barriers: Herd Behavior: Many traders avoid selling puts after sell-offs due to fear of further declines (e.g., Jun 11’s -1.1% 3-day drop). This under-participation preserves the edge for disciplined players. Backtesting and executing this strategy  requires sophisticated analysis and discipline. Most retail traders lack the tools or patience, reducing competition.

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