As concerned parents, do you sometimes find yourselves scratching your heads and wondering whether to hire a part time tutor to teach your little tot how to read? The process of learning how to read is probably the most difficult learning experience that both the teacher and the student has to learn and undergo, yet the moment both parties have successfully mastered it, then it opens up new possibilities of exploring more about the world through stories, books and literature in general. To jumpstart this amazing journey of reading, you can always depend on Leap Frog Leap Pad books to assist your child in learning his first basic words. Smart reading is not just about mastery – it is about the enjoyment that comes hand in hand with learning how to read kk-leap and this is what the toy company Leap Frog Enterprises always consider as a priority one.
To help your child improve their reading skills, it is important that you have the most appropriate and desirable learning kit and instructional materials to go with your enthusiastic supervision. The Leap Frog Leap Pad books for example are one of the highly acclaimed interactive and educational toys for kids and children as young as preschoolers and kindergarten students. This learning toy accessory can flip wonderful stories page after page without sending your child to intense boredom. A typical leap pad book contains a wide array of breathtaking stories, fun games and learning activities. Because this Leap Frog educational toy product encourages prereading skills, this is considered to be a smart reading tool for your little tot.
This book chip requires the My First Leap Pad learning system for it to work. With that you can buy many leap frog leap pad books and alternate learning habit day by day. With an enthusiastic guidance over your child, he or she can comprehend and understand the overall meaning of each story. Other leap pad books are also multipurpose in information relay as a typical leap pad does not only limits itself to helping a child how to read – it also introduces primary math skills like counting, shapes and numbers to your little tot. It has over 30 more or less different activities to which your child can enjoy.
With your support and concern, you can supervise your child as he tries to grapple the art of reading. If you are successful in that case, you will find that a part time tutor is not necessary anymore – you only need educational toys like leap pad books to help your kids thrive on reading. This will foster a parent-child relationship which is important in the child’s development and this is also an excellent opportunity for parents to spend quality time with their kids.
LEAPS, or Long-term Equity AnticiPation Securities, are essentially the same as regular options except that their expiration dates are much farther in the future.
Characteristics of LEAPS include:
First became available in 1990
Longer term expiration dates (9 to 30 months away)
Expiration date is always in January
LEAPS have a different trading symbol naming procedure than that of regular options
Converts to regular option once it gets within nine months of expiration, although the only real change is that its trading symbol changes to correspond to the regular option trading symbol naming procedure
Never more than two active LEAPS expiration cycles at any one time (e.g. Jan 2009 and Jan 2010, but not Jan 2011 until after Jan 2009 converts to regular option)
LEAPS aren’t available on every stock that trades options
Time Decay and LEAPS
The amount of daily time decay, also known as theta, for LEAPS occurs at a much slower rate than it does for near term options. In fact, a fundamental characteristic of all options is that the closer an option gets to expiration, the more its rate of daily time decay accelerates.
Advantages of LEAPS:
Ability to leverage position/investment without using margin
More time for the underlying stock to move in the direction you expect
Flexibility – LEAPS can be used by themselves or as part of a variety of other trading strategies
Disadvantages of LEAPS:
Bid-Ask spread penalty is much steeper for LEAPS than for near term options
Stock MUST move (up for LEAP calls, down for LEAP puts) by a certain amount for you to break even when held as a simple long position
No benefit of ownership (dividends, voting rights, etc.)
What You Can Do with LEAPS:
In addition to simply buying and holding LEAPS as part of an intermediate to long term substitute for owning the underlying stock (and possibly generating much higher returns), LEAPS can also be used as components of other strategies. Most often, they’re used in a covered call manner where the LEAPS are held as a substitute for owning the underlying shares and then near term options (in this case calls), are sold against them for income, or as a way to reduce the cost basis on the LEAPS.