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To: LLCF who wrote (101894)5/13/2001 10:40:40 PM
From: yard_man  Read Replies (2) | Respond to of 436258
 
Not saying that (though, I'm sure it happens from time to time) -- just saying you get more leverage with shorter-term OTM options -- if you don't believe it going to tank, but just drift down, maybe a leap is better. If it crumbles in the next six months you will have overpaid and underleveraged yourself to the decline -- that's all