January 2026: I am moving Macroption to new system. Account login and checkout are paused for a few days. See more details. To get a calculator, contact me directly.

LEAPS (Long Term Equity Anticipation Securities)

Options with time to expiration longer than one year (typically there are January expirations for 2-3 years ahead). Originally introduced on stocks, but now also available for some other underlyings.