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In Regards to Long-Term Equity Anticipation Securities (LEAPS), Which of the Below

Question 36

Multiple Choice

In regards to long-term equity anticipation securities (LEAPS) , which of the below statements is TRUE?


A) LEAPS are option contracts designed to offer option contracts with shorter maturities.
B) LEAPS contracts are available on individual stocks and some indexes.
C) Stock option LEAPS are comparable to standard stock options because the maturities can range up to 39 months from the origination date.
D) Index options LEAPS are the same in size compared with standard index options having a multiplier of 100.

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