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To: RWS who wrote (55942)	12/5/1999 5:07:00 PM
From: IndioBlues	Respond to of 95453

Thanks for your comments. I am playing BR as much for a post-acquisition bounce (arbs unwinding) as sector volatility. I do agree that out of the money calls will return more bang for the buck IF the sector takes a massive upturn as some of us hope and expect. I am hedging that bet in a sense by purchasing in the money since those options will move more on a relatively small change in the underlying stock than will out of the money positions. I guess I'm striving to hit a bunch of doubles instead of the homerun. I understand your point and approach, however.