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To: Voltaire who wrote (355)	10/21/1999 8:45:00 PM
From: Jimbo	Respond to of 35685

V. thanks for the response I have been selling calls on Q recently mainly the 200s (sold both the Oct and Novs). Got to keep the premium + the stock last month (Oct). Sold the Nov before this little runnup. So in a bit of a pickle. Will wait to see the premium erode and try to buy back or I may let the stock go and start all over. Been buying the stock on margin and selling the in-the-money calls on Q. Very large premiums compared to other stocks. Are you selling any Q leaps. Have you bought any Q calls ?

To: Voltaire who wrote (355)	10/22/1999 1:12:00 PM
From: Cynic 2005	Read Replies (2) \| Respond to of 35685

<<I am never concerned about a margin call for me or any of the people I invest for because rather than give my broker more cash out of our pocket, I simply write calls, give them their few dollars and buy more stock with the House's money. I would only do this with quality stocks that I am 99% sure are going rebound. I have just seen so many people give up stock they wanted to keep because they had no more discretionary cash. Hell just sell a leap for say $60 per share and on a thousand shares you might have to give the broker $10,000 in margin leaving you$50,000 for more QCOM. Not only that but you are picking up shares at a cheaper price and the whole kicker here is the leverage you are creating.>> Guruji, don't blame me for not warning you - when the stuff hits the fan (which IT WILL), your porch will be turned in to a septic tank and the Houses cometh to get your house! -ng- I think you strategy qualifies as one of the most dangerous strategies there are. It puts too much belief and trust in your gut feel - the prime reason for many traders' downfall!