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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Stormin Norman who wrote (15369)	7/8/2002 11:05:09 PM
From: SliderOnTheBlack	Respond to of 36161

Norm; LEAPS: Long-Term Equity Anticipation Securites A Long-term Equity AnticiPation Security, or "LEAP", is essentially an option with a much longer term than traditional stock or index options. Like options, a stock-related LEAP may be a call or a put, meaning that the owner has the right to purchase or sell shares of the stock at a given price on or before some set, future date. Unlike options, the given date may be up to 2.5 years away. LEAP symbols are three alphabetic characters; those expiring in 1998 begin with W, 1999 with V. LEAP is a registered trademark of the Chicago Board Options Exchange. Visit their web site for more information: cboe.com amazon.com