1. In this web exercise we use the Chicago Board Options Exchange website to cover options. While we will stay with basic coverage of the material, this website is capable of taking you into much more complex areas of derivative securities than the textbook. Go to www.cboe.com and click on "Products." 2. What are the first five products offered? 3. Click on "LEAPS." What does the title stand for? How long a life may a LEAP have? 4. Highlight "Products" at the top of the screen. Click on "Options on Exchange Traded Products" in the drop-down menu. What is the purpose of these deriva- tive products issued on ETPS?