LEAPS - Long-Term Equity Anticipation Securities

[Nudist]

Hi all,
Been boning up in option trading when I came across the term Long Term Equity AnticiPation Securities which can be viewed as a good substitute for share ownership. Is there such as thing in Australia?

 

[PinkGirl]

Hi all,
Been boning up in option trading when I came across the term Long Term Equity AnticiPation Securities which can be viewed as a good substitute for share ownership. Is there such as thing in Australia?

They are just options that have an expiry of greater than 12 months

 

[Nudist]

They are just options that have an expiry of greater than 12 months

That's a definition but they don't have any special name ?