This leaves American manufacturers with three options: lose market share, cut profit margins or move abroad.
In 1982, Mr. Redleaf moved to Chicago and traded options, losing his money twice and quitting the industry once.
And the argument that rank-and-file workers will be hurt most if companies stop issuing options loses credibility after an examination of corporate filings.
But in a market that is moving sideways or down, stock options lose their appeal and employees may press for cash raises or bonuses.
If it continues to fall, management stock options lose their ability to motivate existing management and to encourage new hires.
So I have two fundamental options: lose weight or produce more power.
Heat Coach Erik Spoelstra said James was the second option on the play, an option lost when Wade fumbled the ball.
But gratification is delayed, and it's not hard to see why this option lost steam as all-purpose credit cards became universally available.
When Ipsos MORI asked that same question on welfare in 2009, the welfare option lost out narrowly to individualism, by 47% to 49% (with the margin of error, too close to call).
(To read more about leverage, see "Margin Trading" and "What is the difference between leverage and margin?") Over time, as the underlying security appreciates and the call option builds equity, the option loses most of its leverage and becomes much less volatile.
