### Comment:
Sorry I'm a little autistic in interpreting this. You say in June you will start buying 1 year leaps, and sell them at the end of a 9 month period? Or do you mean the calls bought are an average of 9-12 months in expiration? By cycle them you mean continually buying the next set of leaps?

### REPLY:
Yes, spreading risk by altering exit date, then cycling in with monthly updates to position size. It requires a lot of capital and patience, but it's a relatively stable investment strategy.

### END.