Have you tried trading LEAPS?
Q: What are LEAPS?
A: Acronym for `Long-term Equity AnticiPation Securities`
LEAPS are long-term equity options that are traded on U.S Exchanges and OTC. Instead of expiring in the near term months as most equity options do, LEAPS expire in 2-5 years (mostly for larger firms and several stock indices) thus giving the buyer a longer time for his strategy to come to fruition. LEAPS are traded on many individual stocks listed on the NYSE, American Stock Exchange and NASDAQ.
A: Acronym for `Long-term Equity AnticiPation Securities`
LEAPS are long-term equity options that are traded on U.S Exchanges and OTC. Instead of expiring in the near term months as most equity options do, LEAPS expire in 2-5 years (mostly for larger firms and several stock indices) thus giving the buyer a longer time for his strategy to come to fruition. LEAPS are traded on many individual stocks listed on the NYSE, American Stock Exchange and NASDAQ.
Labels: Question of the day
posted by Padmanaban Kumar (Paddu @ Just for Kicks) at 4:27 PM
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