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To: Voltaire who wrote (5301)	2/27/2000 11:22:00 AM
From: alias	Read Replies (1) \| Respond to of 35685

V, Now we're really getting somewhere. (For those on the porch who got to this point by skimming and want to know what the hell is going on see my last few posts and V's responses for context.) The QCOM option you suggested for consideration for Mr. Rat for April income would be to sell 4 contracts (400) shares of QCOM (currently priced at $134) at strike price of $135 paying $15 1/2 for a total of $6200 cash. By taking the above and looking at the call prices on todays Schwab I see, for instance, strike prices of $145 paying $12 (would yield $4800) and a strike price of $150 pang $10 for a potential yield of $4000. Assumption: by selling calls at $145 or $150 Mr. Rat would have less income but greater "safety" (if that really is a concern)in having his shares called away. Higher strike price=less income. I hate to have to resort to such simple analysis but foundations are pretty matters but, as you know, the most important element in building anything. Nothing simpler looking than a $5000 concrete footer but screw that up and the million dollar home built on top is in a heap of trouble. Anyway, other than the $135 strike price yielding greater income was there any other reason/consideration involved in suggesting the $135? Several questions on this board have addressed the issue of "at the money" versus "deep in the money", etc considerations. Alias

To: Voltaire who wrote (5301)	2/27/2000 12:07:00 PM
From: Percival 917	Read Replies (1) \| Respond to of 35685

Good Morning Tom, Thanks so much for the education. I sent you a PM but SI was screwing up so much that it may not have gotten to you or you are still catching up. The one question I wanted to ask was, on my regular account I was looking up the options for JDSU and NTAP and a few others for Jan 2001 and the options didn't go out that far, only to some of the Oct 2000. If you remember we talked about going out to then to get all my securities to long term cap gains status. How do I find out what the Jan 2001 calls are for JDSU, NTAP, SEBL, GMST, etc. Thanks as always, Joel