They are option contracts with a much longer time to expiry than standard options. According to the Options Industry Council, the educational arm of the Options LEAPS (Long-Term Equity Anticipation Security) are options for terms that are longer than those of the most common options on equities and indices.
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LEAPS refers to publicly traded options contracts with expiration dates that are longer than one year, and typically up to three years from issue. LEAPS (finance) - Wikipedia
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