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To: Judy who wrote (21308)	6/5/1999 1:39:00 AM
From: shag007	Respond to of 42787

Yes, they are the same. I have no problems with Etrade. It used to be that the system would get bogged down and I couldn't get my orders in, but they've given me the address to servers they have for active traders and I haven't had a problem ever since. FD

To: Judy who wrote (21308)	6/5/1999 2:11:00 AM
From: shag007	Respond to of 42787

Judy, I wanted to elaborate a little, when I said that they were the same. What I mean is that they measure the same thing (in the context that I'm using it) but the numbers are actually different. Leverage states it as a percentage and Delta as a ratio. It measures how much the call option moves for every 1 point move in the underlying stock. Regards, FDA