LEAPS


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Related to LEAPS: leaps and bounds

LEAPS

Long-Term Equity Anticipation Securities

Stock options with expiration of two to three years following issue. Most stock options expire nine months after issue; an advantage to LEAPS is the fact that there is a longer period of time for a desired price movement to take place, maximizing the possibility of profit. However, LEAPS are more expensive than other stock options.

LEAPS

Long-term equity anticipation securities (LEAPS).

These long-term options on stocks have expiration dates of up to three years rather than the shorter terms of most stock options, which are never longer than nine months.

The benefit of LEAPS, from an investor's perspective, is that there's more time for the price movement you anticipate to occur.

However, LEAPS are available on fewer underlying stocks than standard options, and they are generally more expensive than the shorter term options on the same security.

References in classic literature ?
Why, he set off, as swift as the wind, straight down to the seashore, scampered across the sand, took an airy leap, and plunged right in among the foaming billows.
He could not hear the creature's words, nor Thuvia's reply; but it must have angered the green monster, for Carthoris saw him leap toward the prisoner, striking her a cruel blow across the face with his metal-banded arm.
As with the running mate on the left, she repelled these attentions with her teeth; but when both bestowed their attentions at the same time she was roughly jostled, being compelled, with quick snaps to either side, to drive both lovers away and at the same time to maintain her forward leap with the pack and see the way of her feet before her.
Thank ye," said John, "I think you are quite in the right place, and maybe a little scratching will teach you not to leap a pony over a gate that is too high for him," and so with that John rode off.
watching the ghost-wolves leap and leap to drag me down, till the rock grew smooth beneath the wearing of their feet.
I remember I felt an extraordinary persuasion that I was being played with, that presently, when I was upon the very verge of safety, this mysterious death--as swift as the passage of light--would leap after me from the pit about the cylinder and strike me down.
But when he looked up again he felt his heart leap within him and then stand still for pure joy, for he saw the face of one of his own dear companions of merry Sherwood; then glancing quickly around he saw well-known faces upon all sides of him, crowding closely upon the men-at-arms who were guarding him.
Only one consideration could have prompted me to leap headforemost from that giddy height--suicide; or at least so I thought at the moment.
As he stood there measuring the distance to the opposite side and wondering if he dared venture so great a leap, there broke suddenly upon his startled ears a piercing scream which diminished gradually until it ended in a series of dismal moans.
And when at last they reached the trench, those farthest on the left of the advancing Britishers heard a machine gun sputter suddenly before them and saw a huge lion leap over the German parados with the body of a screaming Hun soldier between his jaws and vanish into the shadows of the night, while squatting upon a traverse to their left was Tarzan of the Apes with a machine gun before him with which he was raking the length of the German trenches.
And on my inner vision flashed the memories of my dreams,--the midday sun shining on tall grass, the wild bull grazing quietly, the sudden parting of the grass before the swift rush of the tawny one, his leap to the bull's back, the crashing and the bellowing, and the crunch crunch of bones; or again, the cool quiet of the water-hole, the wild horse up to his knees and drinking softly, and then the tawny one--always the tawny one
He cleared the danger of the mainsheet with a wild leap (although no less wild had been Van Horn's leap to rescue him), and found himself directly under the mainboom with the huge sail looming above him as if about to fall upon him and crush him.