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To: Voltaire who wrote (7748)	3/16/2000 9:43:00 AM
From: T L Comiskey	Respond to of 35685

V.....any guess When the option chain on ELON will be extended.......we have run out of room for a higher strike roll out T

To: Voltaire who wrote (7748)	3/16/2000 10:43:00 AM
From: Mannie	Read Replies (4) \| Respond to of 35685

Porchies- I'm a newbie to cc's, after discussions with Voltaire and Techguerilla, and reading Thorsett's "Getting started in options," I believe I am close to diving in. I would some love response from y'all about how I am thinkin here. First off, most of my equity holdings have a very low cost basis which I so not want to risk being called out of, so I plan to use other peoples money (margin) to buy my vehicle. So, say I buy 600 QCOM at 130, immediately write Apr 132.50 calls for $11.50. That would generate $6,900 for selling the 6 calls, and I would hope to have the shares called away, which would generate another $1,500, for a gain of $8,400. If they are not called away, I would just write calls against them again. Am I getting this concept in general? It seems too easy, what am I missing here? Thanks Scott