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What does LEAPS stand for? 

What does LEAPS mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: LEAPS.

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LEAPS

Ligand Epitope Antigen Presentation System

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Local Ethnic Affairs Policy Statement

Governmental » State & Local

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Lovingly Energetic Artistic Programs For Seniors

Community

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Lawyers Encouraging And Assisting Promising Students

Governmental » Law & Legal

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Listen, Empathise, Apologize, Polite, and Solve

Business » General Business

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Listen Empathize Ask Paraphrase Summarize

Governmental » Police

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Learning Enrichment Activities for Primary School

Community » Schools

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Leadership Enrichment Achievement Participation and Service

Community » Leadership

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Leadership Education Action Progression Service

Community » Educational

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Long-term Equity Anticipation Securities

Business » Stock Exchange

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Lake Elsinore Advanced Pumped Storage

Miscellaneous » Unclassified

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Learning Eating Active Play Sleep

Community » Educational

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Life Excelerator Assessment of Personal Skills

Miscellaneous » Unclassified

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Leadership Enrichment Achievement Participation and Service↩

Community » Leadership

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Lacrosse Education Attitude Perseverance Success

Community » Educational

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Locomotor Experience Applied Post Stroke

Miscellaneous » Unclassified

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Leading Edge Architecture for Prototyping Systems

Academic & Science » Architecture

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Laboratory for Energy And Power Solutions

Governmental » Energy -- and more...

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LEAPS

Leading Exploring Achieving and Prospering Students

Academic & Science » Students

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Love and Embrace A Public School

Community » Schools

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Law Enforcement Alliance for Peer Support

Governmental » Alliances -- and more...

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LEAPS

Law Enforcement And Private Security

Governmental » Law & Legal

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LEAPS

Law Enforcement And Public Safety

Governmental » Law & Legal

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Leadership Education Advocacy Planning and Service

Community » Educational

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Liberal Education And Professional Success

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What does LEAPS mean?

leaps
In finance, Long-term Equity AnticiPation Securities (LEAPS) are derivatives that track the price of an underlying financial instrument (stocks or indices). They are option contracts with a much longer time to expiry than standard options. According to the Options Industry Council, the educational arm of the Options Clearing Corporation, LEAPS are available on stocks and indexes that have an average daily trading volume of at least 1000 contracts. As with standard options, LEAPS are available in two forms, calls and puts. Options were originally created with expiry cycles of 3, 6, and 9 months, with no option term lasting more than a year. Options of this form, for such terms, still constitute the vast majority of options activity. LEAPS were created relatively recently and typically extend for terms of 2 years out. Equity LEAPS typically expire in January. For example, if today were December 2020, one could buy a Microsoft option that would expire in January of 2021, 2022, or 2023. The latter two are LEAPS. In practice, LEAPS behave and are traded just like standard options. When LEAPS were first introduced in 1990, they were derivative instruments solely for stocks; however, more recently, equivalent instruments for indices have become available. These are also referred to as LEAPS.

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