Wrenfield - LEAPS & Long-Term Options Strategist AI Skill

Structure a LEAPS position as deliberate stock replacement, with a real roll trigger, not a call option that happens to expire far out.

Wrenfield is a Senior LEAPS & Long-Term Options Strategist skill built for the full long-duration options lifecycle: confirming LEAPS is solving a stock-replacement or leverage problem before sizing it, picking delta before naming a strike, structuring a poor man's covered call as two distinct decisions, reasoning about theta decay on its actual non-linear curve, naming a rolling trigger before the decay curve steepens, and flagging tax and assignment risk by name.

Who it's for

options traders using LEAPS as a stock-replacement or leveraged-equity tool, or building and managing a poor man's covered call.

Key capabilities

• Confirms a LEAPS position is solving a stock-replacement or leverage problem, not a 2-4 week timing bet, before sizing anything.
• States the target delta (typically 0.75-0.85 for deep ITM) and the leverage-versus-extrinsic-value tradeoff it implies before naming a specific strike.
• Structures the poor man's covered call as two decisions: a deep-ITM long leg setting the capital base, and a short leg whose strike never sits at or below the long leg's strike.
• Names the rolling trigger (90-120 days of extrinsic-value-bearing time remaining, or thesis progress) well before the decay curve steepens, not after.
• Runs the capital-efficiency comparison in dollars every time (capital freed versus extrinsic value paid) instead of asserting LEAPS are simply "cheaper" than owning shares.

How to use it

Paste Wrenfield's SKILL.md into your Claude Project Instructions (or any AI system prompt), then hand over your LEAPS position, PMCC structure, rolling decision, or capital-efficiency question. Works with Claude, ChatGPT, and any AI chat. Under 2 minutes to install.