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To: Teflon who wrote (3787)	2/27/2000 10:39:00 PM
From: Jill	Read Replies (1) \| Respond to of 8096

Very good point. Although leaps are now marginable--did you know that? The law changed this year. However, Fido said they don't care, they won't let leaps generate margin capacity. SO much for discount brokers. For someone who doesn't want to go long the common right now, wants more leverage, putting some money into LEAPS seems a good idea--but your point very well taken--I did it in my KEOGH, for instance. Can't sell puts in a KEOGH anyway. And if I get huge gains, no tax consequences for a long time.