When most people hear the word options, they put their hands on their wallets, and when they feel reassured that its still there, will turn and run. Despite the rumors heard by the general public, trading options can actually be a relatively safe prospect, and profitable too. The fact that most traders are afraid to delve into this arena of trading can provide you with a good niche to make profits. That niche is LEAPS.

Before we talk about what a LEAP is, you first must know how an option works. What is an option? Well when you buy an option it gives you the right (the option) to buy or sell something at a certain price by a certain date in the future. Huh? You say? It's simple. Say your uncle has a corvette to sell, and you don't have any cash. You have a buddy from high school who has talked about that corvette all the years you were growing up, and you know he would want to buy it. So you tell your uncle you'll buy the car and put a deposit down to buy it for 20 grand before two weeks are up. Now don't let that big number scare you. You don't have the 20K but it doesn't matter. That