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To: David S. who wrote (49931)3/6/1998 5:17:00 PM
From: jmac  Read Replies (1) | Respond to of 186894
 
The point is that the time premium doesn't erode quickly. You can hang on to the 2 year Leaps for almost a year and you will move approx 85% as much as the stock does (up or down). That was th eonly point of the analogy. Sorry if I offended.