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hello and welcome to trading five talents in todays video i want to go over the stock replacement strategy so what is the stock replacement strategy its when you exit your long stock position and then enter a leaps call option so basically youre replacing your stock position with a call option so what are the leaps call options well leaps is an acronym and it stands for long term equity anticipation security which basically means its a very long dated options contract so it can either be a leaps call option or there are also leaps put options but the one were going to be discussing today is going to be a leaps call option so if we look at the profit and loss graph for just the standard stock in this case the example is mara m-a-r-a this is marathon digital so you can see here that when you purchase a stock at the current market price in this case it was 10.93 when i took this screenshot you can see as a stock goes up obviously your profit goes up thats the idea of a long stock po