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Technology Stocks : Creative Labs (CREAF)

CREAF 0.411

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To: Douglas V. Fant who wrote (9190)	1/29/1998 1:41:00 AM
From: Burton Waxman	Read Replies (2) of 13925

DOUG: I can't disagree with your strategy; however in addition to the sale of covered calls, I sold July 17.5 puts against cash. This second approach has two benefits: My sales price of 3.75 brings the yield to over 25% for the next six months, and the money is held in a money market account which yields an additional 0.5% interest per month. Your thoughts?

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