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To: DepyDog who wrote (5284)	2/27/2000 9:51:00 AM
From: Voltaire	Respond to of 35685

Hi Dep, Brokers hate Covered Calls, you know why? THEY DON'T MAKE ANY MONEY IF THEORETICALLY AN INVESTOR DID ONE TRANSACTION A MONTH. ALERT, ALERT, ALERT - This is extremely important if one is to reduce STRESS and enjoy a different life! The ATTITUDE one takes in doing this is critical. you must consider your VEHICLE ( your holdings or stock ) as your new employer and not get into how much taxes are paid etc. You are paying taxes now, look at you Pay Check stub to see how much. It depends on you needs. If an individual is making $40,000 to $50,000 a year gross and maybe $30,000 net and is sitting on lets say $100,000 vehicle and with margin $200,000 and can earn $18,000 to $20,000 per month, just write at the strike price you need. If you don't need or want 18 to 20 thousand then adjust. The point is you have suddenly gone from a gross of say 40 to 50,000 in gross income to possible $360,000 and YOU DON'T EVEN PAY THE FICA, FUTA, SUTA and MED CARE TAXES. Do you see how your attitude must change from one of having stock in the market to having stock WHICH NOW IS A CASH GENERATING MACHINE and your new employer. Who cares about taxes, you were paying them anyway and much more to boot! Voltaire