Sham Gad : Intelligently Investing in LEAPS
Read the full article at: http://www.fool.com/investing/dividends-income/2007/12/27/intelligently-investing-in-leaps.aspx
Submitted by SilverSlime on Thu, 2008-01-03 09:48.
(via www.fool.com)
Long-Term Equity Anticipation Securities (LEAPS) is a fancy name for long-term equity options. LEAPS usually extend about two and half years and operate just like a traditional option. They give you the right to buy (we'll stick to call options) a certain stock at a certain price within a certain time.
