By Lawrence G. McMillan
This session dives deep into LEAPS — how they behave differently from short-term options, where they shine, and where traders often make costly mistakes.
LEAPS (Long-Term Equity Anticipation Securities) look like regular options — but they don’t act like them.
In this webinar, I explain why treating LEAPS like short-dated options can lead to mispricing errors, poor hedging decisions, and unintended risk. The longer life, higher deltas, and slower gamma create behaviors that surprise even experienced traders.
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