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To: Jill who wrote (5577)	2/28/2000 10:43:00 PM
From: Voltaire	Read Replies (3) \| Respond to of 35685

Hi Jill, I realize as most here that you have your own options thread but still good to have you visit the porch and jump in from time to time. I really don't want to get too technical and will use the Beano family allegorically to illustrate the points I want to make and try and work questions into the story. V

To: Jill who wrote (5577)	2/28/2000 10:58:00 PM
From: lurqer	Read Replies (2) \| Respond to of 35685

He is the house Many denigrate selling options because they say you are limiting your potential for gain. The argument has validity. But I usually sell. That's not to say I'll never buy, but that I'll sell five times for every time I buy. As V says it's a matter of stress. I just feel more comfortable with a "house bet". lurking... lurqer

To: Jill who wrote (5577)	2/28/2000 11:42:00 PM
From: Ponderosa	Read Replies (2) \| Respond to of 35685

Just love your options discussions... why, between you, Poet and Voltaire I am in awe! Thank you all from an options beginner. I have a CC quandary that I'm sure you have addressed previously, so if anyone has any clues or could point me to a link that discusses this, I'd be grateful. Here it is: If I've a written a CC on QCOM with an April strike of 155, say, and the price goes to 165 next week, do I get called at that time? I'm thinking not... I am thinking that, so long as the price is below 155 on the expiration date, I won't get called. Even if the price goes back to 200 in the meantime, (I wish, I wish!), so long as it closes below 150 at expiration, I won't get called. Is that right? This has always been a confusing issue for me... silly huh? Also, I read somewhere once that tax wise, writing a CC may be considered a constructive sale by the IRS and capital gains could be due at the time you write the CC. If true, this seems very nasty to me since when you eventually get called, or sell voluntarily, the IRS puts its hand up to get paid at that time. I'd sure appreciate any pointers anyone may have on this... Many thanks in advance. Still pondering...