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To: uel_Dave who wrote (2858)	2/13/2000 12:57:00 PM
From: Jill	Read Replies (1) \| Respond to of 8096

Dave, It's really hard to know when news will come, and thus I would definitely write higher strike price covered calls, and only on the stock you're willing to see called away. Since QCOM is a volatile stock (or was in the past anyway), I suppose it's safer in a tax sheltered account, as you don't pay tax consequences on "selling" your stock if called away, and then perhaps can repurchase on a dip. It does seem likely QCOM will trade in a range for a while, until momentum returns. My tendency, and I'm not an experienced cc writer, perhaps others can answer, would be to write significantly higher strike prices and without far-out expiry (unless, as some on QCOM thread note, they'd be happy to be called at that price because they could retire). July is too far away for me: it could easily go to 200 if there were some news, such as a deal w/ Nokia. And what of Nortel? Any good news there?