One of the best-kept secrets of the investment world, LEAPS can make you a bundle. You definitely want to get your hands on these treasures. At this point, you're probably wondering, "What are LEAPS?"

What are LEAPS?

LEAPS is an acronym for Long-term Equity AnticiPation Securites. Categorized into either a put or a call, LEAPS begin with a two and a half year lifespan. After approximately two years have passed, the option is no longer termed a LEAP but just referred to as an option.

The benefits of LEAPS are many, and include tax benefits. Because all LEAPS expire on the third Friday of January, if you sell it when it expires and profit, your tax is not due for fifteen months. If you choose to exercise your option, you can avoid tax altogether.

It's wise to find an online site that offers you quality information and advice on LEAPS. Once you find a stock option site you can trust, you can go to it as a reliable source for all your stock option questions. You can then rest assured that you are making the best possible decisions when it comes to your LEAPS.