Average annual return of QQQ leaps call of 90 delta every year for the past 10 years.

The claim of an average annual return of 90 delta for QQQ leaps call every year for the past 10 years is highly unlikely and appears to be an exaggeration. Here's a more realistic assessment:

1. **QQQ ETF Performance**: The Invesco QQQ Trust (QQQ) is a popular ETF that tracks the Nasdaq-100 Index. Over the past 10 years, QQQ has delivered strong performance, but the annualized return has been more in line with the broader market, including dividends, rather than the 90 delta suggested.
2. **Historical Average Annual Return**: Historically, the Nasdaq-100 Index has delivered an average annual return of around 7%-9% over long periods. This is a conservative estimate and does not account for the potential of higher returns in bull markets.
3. **Compounding Effect**: While the 90 delta return would imply extraordinary growth, the compounding effect of even a moderate annual return can lead to significant portfolio growth over time. For instance, a 7% annual return can lead to substantial wealth accumulation over decades due to compounding.
4. **Risk Considerations**: It's important to note that high-risk investments, such as options or leveraged ETFs, can also lead to significant losses as well as gains. The 90 delta return suggests a very high-risk strategy that may not be sustainable or realistic for most investors.

In conclusion, while the 90 delta return for QQQ leaps call may be possible in certain market conditions, it is not a realistic average annual return based on historical data. Investors should be cautious of such exaggerated claims and focus on strategies that are sustainable and aligned with their risk tolerance and investment goals.