Understanding LEAPS

Understanding LEAPS takes a practical, technique-oriented approach to one of today's most fascinating yet little-covered trading vehicles—Long-term Equity AnticiPation Securities. The only comprehensive and up-to-date guidebook for understanding what LEAPS are and how best to use them in a diversified portfolio, this valuable resource explains complex strategies such as collars and covered writing, and includes an entire section on index LEAPS—the hybrid product that has become a favorite of both independent and institutional investors.