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To: Oeconomicus who wrote (5162)	12/29/1997 3:49:00 PM
From: IKM	Read Replies (2) \| Respond to of 27307

An old article worth reviewing: forbes.com

To: Oeconomicus who wrote (5162)	12/29/1997 4:14:00 PM
From: yard_man	Read Replies (1) \| Respond to of 27307

Bob, I disagree, I think. If I can set up a highly leveraged position controlling a larger number of shares for a net credit doing what I've said, I have tied up significantly less capital than simply buying a puts or shorting with calls. Now there is fixed risk that I could have a loss equivalent to a put or short with a call, but it's not paid for up front.