boon 1. n. 1. A benefit bestowed, especially one bestowed in response to a request. 2. A timely blessing or benefit: A brisk breeze is a boon to sailors. [Middle English.
Quantum leaps are the sole cause of the emission of electromagnetic radiation, including light, which occurs in the form of quantized units called photons. Ironically, when laymen use the term colloquially, they use it to describe large jumps in progress, when in reality a quantum leap is a very small change of state.
Structurally, LEAPS are no different than short-term options, but the later expiration dates offer the opportunity for long-term investors to gain exposure to prolonged price changes without needing to use a combination of shorter-term option contracts.