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To: Voltaire who wrote (7139)	3/12/2000 9:30:00 PM
From: hroark2000	Respond to of 35685

Thanks V, I think I got it. <eom>

To: Voltaire who wrote (7139)	3/12/2000 10:07:00 PM
From: bonnuss_in_austin	Read Replies (2) \| Respond to of 35685

Voltaire: Hi. I'm new here. I have a "real-time" question for you. If you owned RMBS (or even if you didn't), would you look right now at selling covered calls on it? Don't know if you follow it. Closed Fri $421 after anncmt 4:1 split. Ran up again -- short covering perhaps(?) I've lucked into some tremendous trades and gains on it and want to at least protect profits ... I just looked at the options chains (I am NOT experienced at all with anything except a few LEAPs) ... sigh. Expensive, with no guarantee the stock won't shoot up another 60 -- or down 150, correct? I joined SI because of your "porch" -- LOL! It's great. Want to definitely start doing the CC thang myself; etc, etc. Love your "market condition synopses" ... PS: "Candide?" I believe you own and have "covered" RMBS? What are you doing? And anyone else have any advice? Thanks! bonnuss in austin ###

To: Voltaire who wrote (7139)	3/13/2000 12:27:00 AM
From: Dr. David Gleitman	Respond to of 35685

Good Morning V: Here's a question from the peanut gallery ("for all of you Howdy Doody fans out there"). About four days before options expiration back in February, I sold CC on BRCM way out of the money to make 2 points on 2000 shares. The stock had the "nerve/Chutzpah" to shoot up way into the money(oh the agony/exstacy) by options expiration friday. I sold the February 180 calls, and it was at 188 by 3:40 pm. I called Schwab and had them roll the call to the March 200's and in the process, take an additional 2 points in the process. Now with BRCM at about 240 and heading into options expiration once again, I have several "options" (for lack of a better word). I can either roll them out once again for a slightly better strike price (210, or 220 for April), or should I roll them further out, or should I "buy" 2000 shares on Friday at the current price of let's say 240, have those shares taken out at 200, take the paper loss and maintain my original position and avoid declaring the short term capital gains of about $200,000. Any advice or suggestions? David