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To: Len who wrote (7085)	3/12/2000 5:29:00 PM
From: elpolvo	Read Replies (1) \| Respond to of 35685

len- and of course if ELON takes a moderate one week dip, you'll get a margin call, it'll eat up your covered chocolates premium, they'll sell your ELON shares low and you'll wind up with a big loss. my, isn't stress reduction exciting? -polvie

To: Len who wrote (7085)	3/12/2000 5:32:00 PM
From: Clappy	Read Replies (3) \| Respond to of 35685

I usually save my dumb questions for PM, but I figured there might some other newbies with this question. Let's say I bought 500 shares of ELON Plus an additional 500 shares using margin. Question 1. Can I write covered calls on all 1000 shares? April 90s paying almost $20ish. Question 2. Can I now use the money paid to me from premiums to buy additional shares of ELON and thus write additional calls on top of those shares? This would make a profit of perhaps 50% in one month. Question 3. Would this be wise or silly? What might a better scenario be? Thanks, -StudentClappy