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To: Lynn who wrote (48587)	11/8/1999 9:58:00 PM
From: Voltaire	Read Replies (1) \| Respond to of 152472

Lynn, I know you are not going to believe this but from what I have read from this thread, Kinkaid is your man. I mean that sincerely, I have my way of manipulating options but he is a true professional, I would not want a novice to even look at what I do and that is why I will not discuss my call strategy anymore. He mentioned he could recommend some books that were better than the one that I use, give him a nod, I think he will help. Sincerely, Voltaire

To: Lynn who wrote (48587)	11/8/1999 10:01:00 PM
From: MileHigh	Read Replies (1) \| Respond to of 152472

Lawence G. McMillan's, Options As A Strategic Investment, 3rd Edition This is plenty for what you will be doing, IMO. Read it, study it, put it on your shelf, hold on to it, trust it. You will be able to discuss Options with the best. Good Luck! MileHigh

To: Lynn who wrote (48587)	11/8/1999 11:03:00 PM
From: Jill	Read Replies (1) \| Respond to of 152472

OT: Lynn, I started with Harrison Roth's LEAPS. Other people recommend CBOE site (I think it stands for Chicago Board of Exchange) and they'll send you free info & CD ROM but I find it too technical and boring. Options have strike prices. Thus when someone loads up on Jan 200s they are buying January calls at the 200 strike price. They pay for the right to buy 100 shares of the stock any time before the third week in January, at the price of 200. If the stock soars, the price of the calls goes up much faster, and so they can sell the calls for a huge profit. Or they can "exercise" the calls, for each call they can buy 100 shares. Their decision to do one or the other or some of both depends partly on profit, partly on their estimation of the future of the stock, and partly on tax consequences. If someone buys calls they are bullish on the stock. There are other options trades as well. But it's best to read a book like LEAPS (and probably start by trading LEAPS as they're less volatile--they're options that are a year or two out) to get the general vocabulary and hang of it and then post questions. Jill