A significant benefit of selling LEAPs puts, or any other put option, is that you get to name your price. If you can't reach an agreement on an attractive price, it's not worth getting involved with selling the put option. If you're selling LEAPs puts, keep the generation of portfolio income in mind.

Are LEAPS a good investment?

Using long-term equity anticipation securities (LEAPS) with an expiration period of up to three years can be an alternative to buying stocks outright. Using LEAPS can result in huge returns, but they can be risky, and you'll have to roll the dice just right.

Are LEAPS hard to sell?

Pricing challenge. Leaps can be more difficult to price accurately, even for sophisticated investors, than short-term options. Leaps also tend to have higher implied-volatility levels embedded in them, and the trading activity and open interest (or contracts outstanding) can be low or even nonexistent.