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Directional Trades

Bet on where a stock is going with defined risk.

Directional options trades compress stock-like exposure into a fraction of the capital, or finance premium selling against a mild price view. LEAPS replace shares for long-term bullish bets, calendar spreads harvest time decay while waiting for a move, and vertical spreads cap both sides of the trade. Pick the one that matches your conviction and your timeframe.

Lessons in this series

  1. 01

    LEAPS options, explained

    Stock replacement with long-dated deep-ITM calls.

  2. 02

    Calendar spreads, explained

    Sell near-month theta, buy back-month vega.

  3. 03

    Poor man's covered call

    The covered call income loop with less capital.

Related strategy pillars

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Alpha Copilot is not a registered investment advisor, broker-dealer, or financial planner. All analysis, recommendations, and data are for informational and educational purposes only and do not constitute personalized investment advice. Options trading involves substantial risk of loss and is not suitable for all investors.