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leaps

n. (plural of leap English)

Wikipedia
LEAPS (finance)

In finance, LEAPS (an acronym for Long Term Equity Anticipation Security) are options of longer terms than other more common options. LEAPS are available on approximately 2500 equities and 20 indexes. As with traditional short term 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 always expire in January. For example, if today were November 2014, one could buy a Microsoft January call option that would expire in 2015, 2016, or 2017. The latter two are LEAPS.

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.

Usage examples of "leaps".

Instantly my coat tails were over my head, and I was progressing in great leaps and bounds, and quite against my will, towards him.

In a very little time indeed, certainly after fewer than thirty leaps, we could judge the effort necessary for a distance with almost terrestrial assurance.

On earth one leaps and almost instantly hits the ground again, but on the moon, because of its weaker pull, one shot through the air for several seconds before one came to earth.

I stood for a moment watching him, then faced westward reluctantly, pulled myself together, and with something of the feeling of a man who leaps into icy water, selected a leaping point, and plunged forward to explore my solitary half of the moon world.

I threw up my arms, shouted a ghostly shout, and set off in vast leaps towards it.

I missed one of my leaps and dropped into a deep ravine and twisted my ankle, and after that I stumbled at almost every leap.

Perhaps it was a couple of miles away--a matter of a few hundred leaps and strides.

I was two miles away, a hundred leaps or more, and the air about me was thinning out as it thins under an air-pump, and the cold was gripping at my joints.

It was very unpleasant to see those filthy and disproportioned animals which soon numbered about fifteen, grubbing about and making their kangaroo leaps in the grey twilight where titan towers and monoliths arose, but it was still more unpleasant when they spoke among themselves in the coughing gutturals of ghasts.

For when it leaps and draws you together then I, Ishtar, will enter you, Zarpanit, and give it battle!

Ho--let us find such a corner where we may lurk till this hell dog leaps past.

And once Sam began his uncontrolled Leaps, he knew Thelma Beckett had been right.

Donna had tried to keep up with the Leaps in chronological ordernot by the years Sam was in but by the sequence here in her own time.

Before the Leaps, Al had always believed the money would be found and the problems would be solved and the whole grandiose scheme would work.

He had no control over his Leaps, no choice, nor even any knowledge of who needed helpso how could he possibly know where and when he was needed?