Traders Glossary

LEAPs

Definition

Long-term Equity AnticiPation Securities.These are long term stock options with expirations up to 3 years in the future. LEAPs are available in Calls and Puts and are American-style traded options.

Related Terms

ATM (At the Money)

Where the option exercise price is the same as the asset price.

American-style option

An option contract that can be exercised at any time before the expiration date. Stock Options are American Style.

Call Option

The right, not the obligation to buy an underlying security at a fixed price before a predetermined date.

Traders Glossary

LEAPs

Definition

Related Terms

ATM (At the Money)

American-style option

Call Option

WHAT'S YOUR TRADER PERSONALITY?

Take our 30 second quiz to discover your trader personality and find out what trading style suits you best!