LEAPS: What They Are and How to Use Them for Profit and Protection is the first-ever guide to understanding and using the most successful new product in the listed options market. Straightforward and easy to read, Leaps clearly explains the concepts behind the creation of long term equity anticipation securities as well as basic strategies, from bullish to bearish to neutral. This unique guide also provides: a thorough historical perspective on LEAPS, emphasizing why they are different from conventional options, so investors can determine how LEAPS fit into their personal goals; incisive analysis of investment strategies built around LEAPS, with shrewd advice on how to contain and even drastically reduce risk; and hundreds of practical examples that show readers how to implement basic LEAPS strategies.