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To: Dr. David Gleitman who wrote (10658)	4/3/2000 4:54:00 PM
From: Jeffry K. Smith	Read Replies (1) of 35685

David, Same here. I am also considering selling the underlying (HGSI) - right now am on the phone to Schwab to figure out what % of sale price it will put back in my account - they just said 35% (grrr). I use the "buy stock, sell cc's" method to generate monthly income, and the only reason I would simply sell the stock is that I would have to sell the October calls to meet my margin call. This would totally trash my ROR on a fair amount of money. The other option is to take a $50K loss and see about making it up... I can't offer any better advice than to consider every angle, including your method of recouping any loss you might take by selling the underlying. In sympathy, Jeff Smith

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