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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: jaytee who wrote (13138)	8/14/2000 12:03:00 AM
From: Tom K.	Read Replies (1) of 14162

Re: retired income Jaytee, My mother had GE shares from when my father retired. She kept them in a drawer as her security (just in case of whatever). However, she needed more cash flow. I put the shares in an account for her, and I use the margin it provides to conservatively trade options. She now gets $1K/month in extra needed cash and can check the statement each month to see that the GE shares are still there. I don't trade against them because she doesn't want them to be taken away. Just an idea to consider for your in-laws. Good luck. Tom

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