LEAPS are a special type of option
A) that must be exercised within six months.
B) that can only be exercised on the expiration date.
C) that cannot be exercised for at least a year after it is is purchased.
D) that may have an expiration date as long as three years.

Question

Quizplus · Accepted Answer

LEAPS, or Long-Term Equity Anticipation Securities, are options with longer time frames before expiration, which can extend up to three years, unlike standard options that typically have shorter lifespans.

LEAPS Are a Special Type of Option