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To: David H. Zimmer who wrote (7654)	7/2/1999 10:30:00 AM
From: Triffin	Respond to of 20297

Spent years doing forward, reverse and split conversions clear thru SLK .. Jim in CT ..

To: David H. Zimmer who wrote (7654)	7/2/1999 10:54:00 AM
From: Dako	Read Replies (1) \| Respond to of 20297

Absolutely dead-on, David. Use fundamental analysis and crowd psychology, then sell premium, never buy the stuff (that's for those who play the lottery or think they have inside dope). As you implied, sell puts or calls equivalent to your actual or potential stock position. Other than arbitrage, what you described is how options are to be used by the rational trader or investor.