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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (26512)	11/16/2025 7:12:26 AM
From: w0z	2 Recommendations Recommended By Kirk © toccodolce Respond to of 27058

So, if I read you correctly, you still have a large position in actual shares, slightly reduced to fund/diversify into HGRAF then rather than trade around this core position, you use leaps for more leverage? Not exactly. I had a decent (XX,XXX) position in POET common (sub $2 cost basis) until the fall of 2024. I then decided to begin converting the common to 1/26 LEAPs, for higher leverage. This fall I began exiting all my higher ($6 and $10) strike '26 LEAPs as expiry approached and now only hold $4 strikes. Most of those are now long term and only 40% will be short term prior to expiry, which I'll probably not sell until after December 31 to push short term gains into 2026. I'm using most of the previous option sales to roll into 1/27 LEAPs before the end of this year so I can continue to claim long term gains on them next fall. My common has now been depleted to X,XXX, all long term with cost basis now slightly above $2, and I plan to continue using that as my piggy bank for more POET LEAPs and HGRAF LEAPs (when they become available). Eventually I may have very little value in common and most in LEAPs. So yes I've shifted to a lot more leverage using LEAPs. I really like HGRAF but since it is now only on the Canadian TSX, LEAPs are not currently available. As soon as they list on Nasdaq (expected Q1), I'll follow the same LEAP strategy as I have for POET. I have a lot of long term confidence in the technologies and TAMs for both of these companies which are similar in some respects. I actually prefer HGRAF now because their CEO is much more investor-friendly in terms of minimizing dilutive funding. POET has a horrible CFO who has been stupidly giving away the store with excessive warrants. And a lot of those warrants are responsible for the price games going on now. P.S. I now have positions in POET (both common and LEAPs) in the high XX,XXX (underlying shares) range and my goal is to hit XXX,XXX eventually. When/if POET eventually begins to top out, I'll probably begin exercising some LEAPs into common rather than continuing to rotate into more LEAPs.