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To: 100cfm who wrote (46669)	10/31/1999 8:19:00 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 152472

still holding a few calls shouldve sold them a week ago Friday though got Nov210 calls late in game for buying these going into earnings on Tues 5pm suggest Jan 210 inmoney calls or Jan220 atmoney calls or Jan230 outmoney calls if we burst toward 235-240, all will profit the Jan230 will profit most but others will profit almost as much if Q stalls here, the Nov calls will roll over on you for 20-50% loss buying inmoney calls reduces your profit, but very much increases your salvage value if we fail here but a stall would only hurt Jan calls by less than half that percent interval, maybe less / Jim

To: 100cfm who wrote (46669)	10/31/1999 11:20:00 AM
From: Voltaire	Respond to of 152472

Hi 100cfn, My natural response to your question is yes but I would never accept anyone's opinion about a Tax question without talking with an expert. That is the tough part, I have fired about four Accountants because they did not seem to have a grip on options and their Tax implications. Remember, Short term capital gains of any kind will always be pretty simple but when you start taking money out of the Government's mouth with anything saying Long Term, it is going to be geometrically more difficult. I could go into in a lot more detail but do not feel I should. Like they told me in Flight School, the only Dumb question is the one not asked! selah, Voltaire

To: 100cfm who wrote (46669)	10/31/1999 11:25:00 AM
From: 16yearcycle	Read Replies (1) \| Respond to of 152472

I have been buying Jan 180's on every dip since September 1, and have sold 2/3 the last 3 days. I will be and have been shifting those into April 175-190's. I like the "safety" of having several months to expiration and you still get tremendous leverage, although not as much as you would with an expiration at 30 days or less. For example, the Jan 180's have fluctuated between 12 and 56 since Sept 2 or 3rd while the stock has been between 226 and ~155. Even in the past week, they have been between 36 and 55.