LEAPS vs. Margin Comparison for GLD
Stock Price: $491.3
Option Symbol: GLD270319C00515000
Option Expiry: 2027-03-19
Days to Expiration: 381 days
Strike Price: $515
Option Premium: $45.77
Live Delta: 0.5381
LEAPS Leverage: 5.78x
LEAPS Breakeven: $560.77 +14.1%
LEAPS Premium: 9.3%
Additional Greeks:
Gamma: 0.0029
Theta: -0.09
Vega: 1.996
Rho: 2.2319
Implied Volatility: N/A
Open Interest: 106
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Scenario Comparison
Initial Investment: $4,577.00
Exit Strategy: Sell After 1 Year
LEAPS Gain = Intrinsic Value + Time Value
16 Time Value Days Remaining
| Stock Move | New Price | LEAPS Gain | LEAPS ROI | Margin Gain | Margin ROI |
|---|
| 50% | $736.95 | $17,618.00 | 384.92% | $4,176.38 | 91.25% |
| 25% | $614.13 | $5,335.50 | 116.57% | $1,965.53 | 42.94% |
| 10% | $540.43 | $-2,034.00 | -44.44% | $639.02 | 13.96% |
| 0% | $491.3 | $-4,577.00 | -100.00% | $-245.32 | -5.36% |
| -10% | $442.17 | $-4,577.00 | -100.00% | $-1,129.66 | -24.68% |
| -25% | $368.48 | $-4,577.00 | -100.00% | $-2,456.17 | -53.66% |
| -50% | $245.65 | $-4,577.00 | -100.00% | $-4,667.02 | -101.97% |
Stock Move: 50%
New Price: $736.95
Intrinsic Value: $22195
LEAPS Gain: $17,618.00
LEAPS ROI: 384.92%
Margin Gain: $4,176.38
Margin ROI: 91.25%
Stock Move: 25%
New Price: $614.13
Intrinsic Value: $9912.5
LEAPS Gain: $5,335.50
LEAPS ROI: 116.57%
Margin Gain: $1,965.53
Margin ROI: 42.94%
Stock Move: 10%
New Price: $540.43
Intrinsic Value: $2543
LEAPS Gain: $-2,034.00
LEAPS ROI: -44.44%
Margin Gain: $639.02
Margin ROI: 13.96%
Stock Move: 0%
New Price: $491.3
Intrinsic Value: $0
LEAPS Gain: $-4,577.00
LEAPS ROI: -100.00%
Margin Gain: $-245.32
Margin ROI: -5.36%
Stock Move: -10%
New Price: $442.17
Intrinsic Value: $0
LEAPS Gain: $-4,577.00
LEAPS ROI: -100.00%
Margin Gain: $-1,129.66
Margin ROI: -24.68%
Stock Move: -25%
New Price: $368.48
Intrinsic Value: $0
LEAPS Gain: $-4,577.00
LEAPS ROI: -100.00%
Margin Gain: $-2,456.17
Margin ROI: -53.66%
Stock Move: -50%
New Price: $245.65
Intrinsic Value: $0
LEAPS Gain: $-4,577.00
LEAPS ROI: -100.00%
Margin Gain: $-4,667.02
Margin ROI: -101.97%
Equal Capital Projection
Based on +25% stock price in 1 year.Total Capital Used: $4,577.00
Projected Stock Price (+25%): $614.13
LEAPS Gain: $5,335.50 | ROI:
116.57%Margin Gain: $1,965.53 | ROI:
42.94%LEAPS returned 171% more gains than Margin.
Based on +50% stock price in 1 year.Total Capital Used: $4,577.00
Projected Stock Price (+50%): $736.95
LEAPS Gain: $17,618.00 | ROI:
384.92%Margin Gain: $4,176.38 | ROI:
91.25%LEAPS returned 322% more gains than Margin.
Based on -25% stock price in 1 year.Total Capital Used: $4,577.00
Projected Stock Price (-25%): $368.48
LEAPS Gain: $-4,577.00 | ROI:
-100%Margin Gain: $-2,456.17 | ROI:
-53.66%LEAPS lost 86% more than Margin.
Based on -50% stock price in 1 year.Total Capital Used: $4,577.00
Projected Stock Price (-50%): $245.65
LEAPS Gain: $-4,577.00 | ROI:
-100%Margin Gain: $-4,667.02 | ROI:
-101.97%LEAPS lost 2% less than Margin.
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Power User Breakdown
Based on +25% stock price in 1 year.
Contract Expiration: 2027-03-19 (381 days total)
Days Remaining After 1 Year: 16 days
Option Premium: $45.77
Initial Stock Price: $491.30
Strike Price: $515.00
Projected Stock Price (+25% in 1 Year): $614.13
Price Difference (Projected - Strike): $99.13
Total Capital Used: $4,577.00
LEAPS Gain Components (Sell After 1 Year):
Intrinsic Value: $9,912.50
Time Value Remaining: $0.00
Total LEAPS Value: $9,912.50
Initial LEAPS Cost: $4,577.00
Total LEAPS Gain: $5,335.50
Margin Gain Components (Sell After 1 Year):
Shares Bought: 18
Total Stock Cost: $8,843.40
Borrowed Amount: $4,266.40
Interest Paid: $245.32
Total Margin Gain: $1,965.53
LEAPS vs. Margin Comparison:
LEAPS ROI: 116.57%
Margin ROI: 42.94%
LEAPS Gain: $5,335.50
Margin Gain: $1,965.53
LEAPS Gain Advantage: +$3,369.97
LEAPS returned 171% more gains than Margin.
LEAPS Risk to Reward Score
Good Risk to Reward
80/100
Base Performance Score: 80
Bonuses: 10
- +5 (12-18 Month Expiration)
- +5 (ATM Strike)
Penalties: 10
Final Risk vs Reward Score: 80/100
Base Performance Score is based on how much better LEAPS perform than margin.
It's calculated as (LEAPS ROI - Margin ROI) * 1.5, capped at 80.