While I was reading an article “demystifying options part 7” by a fellow trader (Wayne) whom I’d followed and learnt, it sets me thinking does LEAPS resemble warrants? You can find the link to his article all the way at the bottom. So options and LEAPS, rights and warrants, do they look uncannily similar at a glance, or are they not?My brief understandings as follow,Options:An option is a contract that grants investors the right, but not the obligation to buy or sell specified amount of shares over a scheduled period of time, which has a tenure usually from weeks to months. Simply for a shorter term.LEAPS:An abbreviation for Long-term Equity Anticipation Securities, is a derivative of options, which has a tenure usually in a year or 2. Simply means longer term options.Rights:A right also g