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To: Uncle Frank who wrote (56512)	12/23/1999 6:13:00 PM
From: Jill	Read Replies (3) \| Respond to of 152472

Okay, there must be something I'm missing, and I appreciate your spelling this out for me. Let's say Diamond wants to roll out leaps--about 6-9 months ahead of expiry (when time decay starts in). Wouldn't he pick a "top" in a current trading range to sell--and a bottom to pick up the farther out year (2002 or 2003)? What is the advantage of your broker doing both at once? Unless you have a lot of contracts, and it is charged as one commission? Thanx... Jill