A Real Portfolio.
Fully Transparent.
Zero Black Box.
ExpiredOptions is not a newsletter, signal service, or advisory. It's a live trading portfolio — built on LEAPS and weekly options income — with every position, entry, and exit logged publicly and verifiable in real time.
VIEW LIVE LEAPS DATA →How the Strategy Works
LEAPS as the Foundation
We buy deep in-the-money LEAPS calls with delta >0.80, using them as leveraged stock replacement. These positions are held for 12–24 months, giving us time to be right on the direction while keeping defined risk. Every position is publicly logged with strike, expiration, and cost basis.
Weekly Premium Collection
On top of LEAPS holdings, we sell cash-secured puts (CSPs) and covered calls on a weekly cycle, targeting out-of-the-money strikes with 7–21 DTE. This premium income compounds the portfolio and offsets the time decay cost on LEAPS positions.
Transparent Verification
Every LEAPS position is public. Anyone can view our entry strikes, dates, contracts, and current market values in real time. We don't cherry-pick winners. If we're in a position, it's logged — gains, losses, and rolls included.
Risk-Defined Always
We never sell naked calls. LEAPS replace stock, CSPs are fully cash-secured, and no position risks more capital than is explicitly allocated. Maximum loss on any trade is calculated at entry and disclosed in the tracker.
Why Make It Public?
Most "trading gurus" hide their results because they don't have any. We built this portal as a permanent, timestamped record of real trades with real money. If the strategy works, the numbers will speak for themselves over time. If it doesn't, that will be visible too. We believe in the edge and we're willing to prove it publicly — one expiration at a time.
Community
We discuss trades, setups, and strategy breakdowns on Reddit. Posts go up weekly with entry rationale, position updates, and lessons from positions that went against us.
r/ExpiredOptions →Verified Annual Performance vs. S&P 500
These are calendar-year returns from the ExpiredOptions portfolio compared to SPY (S&P 500 ETF). All figures reflect actual closed positions and premium captures — not hypothetical backtests.
Past performance does not guarantee future results. Returns reflect closed P&L and premium income. Not financial advice.
New to Options? Start Here
We've written free guides on every concept behind this strategy — LEAPS mechanics, cash-secured puts, reading an options chain, and how the hybrid approach compounds over time.
VIEW FREE GUIDES →⚠️ FINANCIAL DISCLAIMER
ExpiredOptions is not a registered investment advisor, broker-dealer, or financial analyst. All content is for educational and informational purposes only. Options trading involves substantial risk of loss and is not suitable for all investors. Past performance is no guarantee of future results. You assume full responsibility for any trading activities you conduct.
© 2026 EXPIREDOPTIONS // ALL RIGHTS RESERVED