LEAPS, or Long-Term Equity Anticipation Securities, are options contracts with expiration dates that are typically more than one year out. There are no specific age restrictions for trading LEAPS. Anyone who meets the requirements to open a brokerage account can trade LEAPS.
This means that the age for trading LEAPS depends on the brokerage's specific policies, which may vary. However, most brokerages require individuals to be at least 18 years old to open an account.
Here are some factors to consider when trading LEAPS:
- Risk tolerance: LEAPS can be highly volatile and carry a significant amount of risk, so it is important to understand the risks before investing.
- Investment goals: LEAPS are typically used by investors who are looking for long-term growth potential.
- Time horizon: LEAPS have a long expiration date, so investors need to be comfortable holding the position for an extended period of time.
