Anthony is confident that shares of SolarTech will greatly increase in value, but thinks that it may be a year or more before that happens. He should buy
A) ETF calls.
B) LEAP puts.
C) LEAP calls.
D) Index calls.

Question

Quizplus · Accepted Answer

LEAP calls are long-term options that allow the buyer to purchase a stock at a specified price within a long timeframe, often up to three years. This matches Anthony's expectation of SolarTech's shares increasing in value over a year or more, providing him with a potentially profitable investment strategy without the need to immediately purchase the stock.

Anthony Is Confident That Shares of SolarTech Will Greatly Increase