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To: Jill who wrote (776)	1/7/2000 12:13:00 PM
From: edamo	Read Replies (1) \| Respond to of 8096

jill..... why????? calls above 60....just the price in which you still have a profit after you add the prem to the strike...believe the 02 45 had a 22 prem, so the cost is 67 (45+22)...whereas the 0125 were about 31, with cost about 56....owning an 0125 allows to write a sixty strike covered call short term and guarantee if called away a 10%+ return for the time held, good strategy if the stock goes flat... no call writing for me until after expiration...took a lot of positions last time jdsu and brcm dipped around 12-15(jdsu at 105.5 and brcm at 200)and qcom 100 with the stock at 125 on 12/22(split adjust)...took in 87.5k in prem against 830k capacity. they look good as of today. 110 athm 40,45,50 puts took in 43.75k prem, will probably accept assignment of 505k of stock as i believe the fundamentals and earnings along with technically very oversold should move the stock about 25% short term....athm is a position i believe in....

To: Jill who wrote (776)	1/7/2000 4:04:00 PM
From: RocketMan	Read Replies (1) \| Respond to of 8096

Jill, I picked up some CREE calls this afternoon, leaps are not offered. If anyone on the G&K thread is unaware of CREE, you might look at the CREE thread, and read yesterday's Stephens report, a link to it is there. Now I have a question. Cree is up almost 10% today, closing around 73, and yet the CQRFQ June 85 calls are down 3 1/2 points, closing at 9 1/8, where I bought them. What gives???? I also added a couple of COMS April calls, to play the Palm Pilot IPO runup. Wasn't someone on this thread also playing COMS this way?