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To: Poet who wrote (20)	12/26/1999 3:45:00 PM
From: 100cfm	Respond to of 8096

<<Do you buy shares on margin and also buy calls, using the profits on the calls to pay off margin?>> Yes! this way i don't have to sell the shares to pay off the margin. <<If so, I think you may be to ramp up your strategy by simply buying calls, selling some at the expiration date, and using the profits to pay for the purchase of the remaining shares-- thereby eliminating taxes on the exercised shares (until you sell them, of course). I have done this with JDSU and QCOM over the past six months, buying, say, 10 calls, calculating how many I would have to sell at a particular price, and using the profits to pay for the exercise of shares. It's help me build up a nice core position in both stocks.>> Poet, when jdsu dipped i bought the june 280's. i didn't buy margin shares like i usually do. i will experiment on jdsu using your idea. i like it. the learning process has already begun. thanx 100