I prefer to rein them in a bit and set them up more conservatively. For example, I prefer to buy in the money, if possible, and sell at the money so that I reach my maximum profit as long as the stock ends no lower than where it began (maximum profit achieved when stock closes at expiration at or above the strike price on the short LEAPS).

Of course, the drawback is you don’t get those incredible triple digit returns, but a much safer 10-20% annualized return definitely has its appeal.

Best of luck -