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To: steve mamus who wrote (3154)	2/17/2000 8:25:00 PM
From: Jill	Read Replies (2) \| Respond to of 8096

DoK...you're selling yourself? What are the prices on your contracts? :-) I think you make a very important point in your post: what you feel emotionally comfortable with. One's own psyche determines the way one enters a market. Per all our discussion on selling puts when oversold (as your brilliant play on GLW in the 140s) why would you be selling MORE on the way up? Curious how ed would weigh in on this. Guess I'll look at the SEBL, on which I own leaps. Why are you disturbed by owning leaps on a stock you're bullish on? They have great leverage. Ed uses DIM leaps as stock substitutes...for example I followed Loffy's example and bought the SEBL 70s a while back...I think SEBL wasin the low 90s then. Jill

To: steve mamus who wrote (3154)	2/17/2000 10:34:00 PM
From: edamo	Read Replies (1) \| Respond to of 8096

dok....your strategy works for me.... desire to own, and capacity to accept assignment are imperative. if you are bullish, a put sale is akin to a long position. just for talking sake...you like csco, it's at 130....you think it will double in two years, so you can buy 1000 shares and take 130k out of your pocket, or sell(if they exist) an 02260 put and depending on the volatility get 140 per contract...sell 10 contracts and you have 140k cash to your account... a hypothetical example, the numbers are fictitious, but within reason, no different then going long and riding the stock up until it doubles, worse case you own it below the current market.... perhaps not such a bad idea? or a loss of opportunity? able to spend opportunity?