Larry Ribstein, a law professor at the University of Illinois College of Law, thinks Lay's death might provoke a reevaluation of government strategy in pursuing white-collar criminals.
Such a strategy is relatively rare in white-collar criminal cases because of the danger something will go wrong during cross-examination by prosecutors.
In this strategy, called a zero-cost collar, your costs are limited to your transaction costs alone, since your proceeds from selling the calls will zero out the cost of the puts.