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To: Voltaire who wrote (6268)	3/6/2000 8:56:00 PM
From: Clappy	Read Replies (2) \| Respond to of 35685

Volts, Thanks. I'm learning more and more with each chapter. Just wanted you to know that your writing is appreciated! I've been saving each excerpt. -CG

To: Voltaire who wrote (6268)	3/6/2000 9:34:00 PM
From: pinhi	Respond to of 35685

Voltaire, I second Clappy's thankyou. I am printing out posts and helping others to "plug into the light using Volt- power" (sorry for the corny pun). Your efforts are greatly appreciated. Pinhi

To: Voltaire who wrote (6268)	3/7/2000 1:38:00 AM
From: Sully-	Respond to of 35685

Hi Voltaire, As you know I'm really interested in your strategy. I think that it can generate a lot of $$$$. I'm still a newbie to options. I'm going to follow the Beano family closely, read McMillin's book & heading over to the Options on Gorillas and Kings thread for some learnin'. Meanwhile I'll take a slightly more conservative approach until I am more comfortable with options. It's sort of a Beano lite of covered call writing. I already have 15 contracts open for March. I'm waiting for an opportune time to sell some April's (gotta put Free Willie's TA to good use). I'm looking at selling some near the money (< $5 from market price), some about $5 higher & maybe a few $5 or $10 above that. I don't need to generate tons of cash to maintain my current lifestyle. My main objective is to reduce my margin right now, crank up the livin' large later. Me thinks Beano lite will reduce stress & margin quite nicely while I dip my toes. Thanks again Tom! I can see how this will help me achieve my objectives more quickly than I ever thought I could. w2

To: Voltaire who wrote (6268)	3/7/2000 4:38:00 PM
From: donaldwd	Read Replies (1) \| Respond to of 35685

Hello All, I'll introduce myself; I've been lurking for two months and have found the posts very informative. I am currently reading the manual but am getting as much of an education through this thread as with the book. I am grateful that the experienced GGers share their knowledge so freely and I hope to be able to contribute as I learn more. Voltaire, Regarding the Q 132 April Calls that the Beano's have written: What do they do if the stock shoots up 50 or 100 points in a day? Do they buy back the Calls immediately or wait until expiration day? If they buy them back immediately upon the rise, do they also immediately write new calls and for which month--the current one or go on to the next month? Thanks for your help, Donald