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To: uel_Dave who wrote (3426)	2/22/2000 8:04:00 PM
From: Poet	Read Replies (2) \| Respond to of 8096

My advice on writing QCOM cc's: Write the Mar 145s or 150's on half your calls. If QCOM goes into the high 130's, write the 150's on a quarter more shares. I wrote the Mar 145's (AUACI) on 1/3 my QCOM this morning. Already made 1/2 point, though QCOM closed higher than the price it was when I wrote the calls, as the March calls are now accelerating in terms of premium deterioration

To: uel_Dave who wrote (3426)	2/23/2000 12:42:00 AM
From: Jill	Read Replies (1) \| Respond to of 8096

I was extremely careful, and sold April 175s for around 5 1/2 or 6. I did this probably at the high of the day, just pure luck. The reason I did this was because I analyzed my cost basis and what I would truly be content with if I got called away. Some of my shares were acquired way back, but the most recent were DIM calls 82 1/2. So I figured if I applied those (my highest cost basis) it would still be more than a double, and I could be satisfied with more than a double if by a slim chance I got called away. That is not a very aggressive stance--as for instance I know Poet sold March 145s and got the same $6, but I would be very unhappy in the unlikely event I got called out at 145. I have not done a lot of cc selling--as I said, it doesn't really fit my style. But it looks to me like Q will be in the doldrums for a while, so I might as well make a bit of $ off of it. So my recommendation is as follows: find the strike price you truly feel comfortable with if you get called away. Then pick a month where the premium seems reasonable enough at that strike.