SPX LEAPS Options
For investors with a longer time-horizon, Cboe offers Long-term Equity AnticiPation SecuritiesSM. LEAPS options have the same characteristics as standard options, but with expiration dates up to three years in the future. Cboe's SPX LEAPS options provide investors different ways to trade, hedge or invest in the broad market for a much longer time frame than standard options with monthly expirations.