u/Limp_Gate6143 ·
Reddit — r/options
· August 23, 2026 at 13:44
· ⬆ 23 pts
· 💬 89 comments
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Hi I was gonna buy $300k worth of meta $650 strike leaps expiring sep 2027
With the recent sell off and holding at 540 support, I was gonna sell my position in shares and go with leaps instead with moderate risk
I heard delta being at around 0.7 is the worst kind [r/r](r/r) wise, and that’s why im going with more otm strike.. but is that correct? Is there anything you guys could warn or advise me on before I go into these on Monday?
Edit: I’m gonna put my strike at $600 instead of 650
Would appreciate any feedback!