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To: Uncle Frank who wrote (48875)11/10/1999 12:39:00 PM
From: Wyätt Gwyön  Read Replies (2) | Respond to of 152472
 
Frank, I almost doubled my leverage
almost doubled your leverage or almost doubled the number of contracts you have? they are two different issues. you can determine your leverage by multiplying the delta for your contract by the number of contracts held. obviously, strike of 200 will have much higher delta than 320, so while you will gain greater leverage with your rollover, it won't be simply equal to a ratio of the number of contracts held at 200 vs. 320.