LEAPs: Here's a Chance To Hop Over Risk

摘要

With Wall Street brooding over war and recession, it's hard to make the ease that a bull market is right around the corner. Instead of waiting on the side-lines-a risky move, since share prices often spike before most realize a re-covery is under way-consider invest-ing in Long-term Equity Anticipation Securi-ties, better known as leaps. They're long-term options that allow you to bet on a stock's, or the entire market's, revival down the road in 2003 or 2004. "They let time work for you, which is important, since it will take time to recover," says Michael Schwartz, chief options strategist at CIBC Oppenheimer.