Offbeat Offerings: LEAPS
by Cara Scatizzi
Long-Term Equity Anticipation Securities, or LEAPS, are publicly traded options contracts that have expiration dates longer than one year and up to three years.
LEAPS are structured like short-term options, but the longer expiration dates allow investors to use a longer-term approach without having to roll over several short-term options contracts. They are available on both individual stocks, as well as many stock indexes.
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