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To: Voltaire who wrote (5788)	3/1/2000 8:08:00 PM
From: Clappy	Read Replies (1) \| Respond to of 35685

Professor V, I was wondering how you spread out the calls you wrote? How far out did you go? What strike prices? Inquiring minds want to know... :^) -CuriousClappy

To: Voltaire who wrote (5788)	3/1/2000 9:54:00 PM
From: Jeffry K. Smith	Read Replies (1) \| Respond to of 35685

V - it is interesting that you mention the $900,000/$90,000 per month (10% monthly ROR) again. I recall reading one of your posts where you said this was fairly easy for you to achieve. (?) I have used 10% as a benchmark, trying to safely get that ROR, and have been successful for the past 3 months doing so. However, it looks like in March I am going to have to do a lot of sifting again to select stocks on which I can do calendar spreads and feel safe doing so. The ones I picked these last few months (QCOM/ETEK/CMGI) are up, or in the case of ETEK - way, way up. My question to you is what resources do you use to identify candidate stocks for purchase - either long or through spreads? It sounds as if with at least some portion of your portfolio, you and I go through the same sifting process. The spreads I created are with Jan 2001/March 2000 options or July 2000/March 2000. I bought them this way for safety, and I don't regret it, but after 3 months, the long term options will have to be sold to make room for others - either with the same stocks or others. Thank you very much for any ideas or thoughts you might have. Jeff Smith