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To: Thean who wrote (9077)	6/19/1999 2:19:00 PM
From: SJS	Read Replies (1) of 14427

Yes Thean. Many. Fidelity uses 5/8 point over/under as the gray (they call it a "lottery") area. I've been put on the strike price directly. I've been put for 1/4. I've been called for 3/8. Frankly, I would consider the stock gone, and be surprised it is ISN'T and you get the call premium totally unencumbered. PS: Tax wise, I've been doing options and stock the same way for 20 years, way before they even did 1099 gross proceed rollups.... Much less complicated and logical "my" way, isn't it? I can at least defend it if ever audited!!! Steve

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