I want to buy some very long term stock options. (Even longer than
LEAPS, apparently.) Specifically, I want to buy put options that
expire at least 7 years in the future. Even longer than that (e.g. 20
years) would be better. Is there any place I can buy these?

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Clarification of Question by gnu-ga on 20 Jun 2005 09:26 PDT

How much would it take?

Also, I'd only want to put a fraction of my assets in this particular investment.

if you're a high-roller (you qualify for private banking service at a
major), they can create whatever you want. You're out of luck if
you're looking to buy only a few thousand dollars.

I believe long term options are often called warrents.

Investopedia Says: The main difference between warrants and call
options is that warrants are issued and guaranteed by the company,
whereas options are exchange instruments and are not issued by the
company. Also, the lifetime of a warrant is often measured in years,
while the lifetime of a typical option is measured in months.

http://www.answers.com/warrants&r=67
http://www.investopedia.com/articles/04/021704.asp