Options FAQ: What are LEAPS® and how do they differ from standard options?
Weeklys and LEAPSLEAPS® (Long-Term Equity AnticiPation Securities SM) are options with expiration dates extending beyond one year. While they share the same specifications as shorter-term options, their extended lifespan often comes with higher premiums.
In this video, we’ll cover:
- What LEAPS are and how they differ from standard options
- Sensitivity to the option Greek
- LEAPS strategies for hedging or stock substitution