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LEAPS stands for Long-Term Equity Anticipation Securities. They are long options contracts with expiration of up to 39 months and expire every January regardless of age.
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What forms of LEAPS are available?
Long Term Equity AnticiPation Security (LEAPS) are a financial product known as options. These options have a longer term until expiry than the more common options available. LEAPS are now available for equities as well as indices.
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LEAPS is short form for Long Term Equities AnticiPation Securities and are simply options with very long expiration dates of typically more than a year.
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