A comprehensive Option Trading guide to LEAPS
Why you should trade longer-term options (LEAPS)? How LEAPS can magnify stock price returns?
What are LEAPs?
LEAPS are Long-Term Equity Anticipation Securities. They are defined as options with a year or more (over 365 days) until expiration. Thus, a LEAPS option has a lot of time before it expires. For example, if you look at available SPY options on Robinhood, you notice many short-term options (dailies, weeklies, monthlies). Below is a screenshot of a…