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If an exchange offers LEAPS on an equity option, how would I distinguish between a regular January option and a January LEAP?

April 26, 2017distinguish equity exchange January Leap Leaps offers option regular

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If an exchange offers LEAPS on an equity option, how would I distinguish between a regular January option and a January LEAP?

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Just as a standard option has its’ own unique option symbols, equity LEAPS also have unique “root” symbols that allow investors to distinguish between the variety of options currently available on a particular stock. An example would be: IBM (Standard Option expires January 2005): IBM January 80 Call IBM (LEAPS Option expires January 2006): LIB January 80 Call IBM (LEAPS Option expires January 2007): ZIB January 80 Call LEAPS symbols are listed in the Symbol Directory.