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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.


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 periodicals archive ?
Pricing and the exact shipping date haven't been given yet for the Magic Leap One, but the company says that it will ship in 2018.
LEAP Capture Service - enabling users to embed advanced document and data capture capabilities into custom applications.
At 31 December 2015 Leap Gaming had total assets of USD 2.
5 In Denmark, a man refusing a woman's leap day proposal must give her 12 pairs of gloves, while in Finland it's fabric for a skirt.
This will be repeated every four years until 2028 (1407) when the Iranian leap day will be pushed forward another year.
8 Ann Lee (founder of Shakerism) was born in Manchester Leap Day 1736
A WOMAN'S proposal to her bloke in a Leap Year was officially documented in 1288 for the first time.
During its 20 year existence, over 800 local children from nearly 550 families in 10 communities have received assistance from the LEAP clinic.
The tradition of women proposing to their men is believed to originate in Ireland when St Patrick granted women permission to propose on leap years.
In the Gregorian calendar, which is the calendar used by most modern countries, there are certain rules which decide which years are leap years.
Each test was found to correlate significantly with 10K run time, with the 300-meter sprint and the plyometric leap distance accounting for nearly 80% of the variability in 10K performance.