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LEAPS - Long term Equity Anticipation Securities
Here’s an example:
A SNAP Jan 22 2022 30 Call option was $1.75 on Jan 1 2020. Today it’s worth $35.60
That’s a 2034% return in 1 year and the contract still has 11 months left on it.
If you’ve got money in a savings account paying .02% annually or a 401lk with max contributions and 4% employee match.
This is just another option to allow money to grow, much like those accounts. However, the returns here are far greater and the risk, though also increased, can be mitigated with the proper research.