Author advocates a strategy of selling weekly ATM calls on a stable stock (LAC) to generate ~10% monthly income, then using that premium to buy LEAPS in companies with long-term growth, citing IREN's upcoming Texas facilities as an example.
IREN — LONG The author uses income from selling weekly ATM calls on LAC to buy LEAPS in companies he believes in long term, specifically citing IREN. He states IREN is building out Texas facilities that will generate two nuclear reactors worth of renewable energy, implying massive future revenue. The thesis is that owning synthetic shares via LEAPS in such companies compounds ownership.
IREN for example which once its Texas facilities are online will generate two nuclear reactors worth of energy which is renewable.
This Reddit post, published January 27, 2026, features u/breakyourteethnow discussing IREN. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/breakyourteethnow · Tickers: IREN