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To: David Semoreson who wrote (10158)3/26/1998 4:27:00 PM
From: John G. Mueller  Respond to of 213186
 
David,

While this is not a great example of the idea at the current prices, you ARE using someone else's money to leverage your position. You are spending only what you take in.

Outright purchase of out-of-the-money calls is a different risk.

John