Over the last couple of months, I’ve written two segments on options trading. In my first article, I discussed the basic strategies of buying a call and buying a put, and how to write options and collect the premiums. Last month, I wrote about using a put-writing strategy to “name your own price for stocks.” Today, I’m going to show you how you can use options as investment vehicles rather than trading vehicles. So far I’ve only written about short-term trading strategies, but there are also long-term options. You have probably heard the term LEAPS mentioned when discussing investment...