Leap (Long-term Equity AnticiPation Securities) options are options with a very late expiration date. From our experience we suggest to look for any any date later than 120 days from the current date. Leap can be good replacements to stock positions. The limited loss unlimited profit potential is great when you expect great stock movements.
How to find leap options?
It is very simple to scan for leap calls to trade. This is done by changing the expiration date filter. You can also change the stock score filter to find more relevant results.
In our blog we measured how leap options can increase your profits compared to buying stocks. Check it here: http://blog.optionsamurai.com/trading-leap-options-part-1/