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To: Voltaire who wrote (8167)	3/19/2000 7:26:00 PM
From: Clappy	Read Replies (1) \| Respond to of 35685

Voltage, Thanks for that great Beano post! I saved it with the rest of them. -Lil'AmpereTheStudent

To: Voltaire who wrote (8167)	3/19/2000 7:43:00 PM
From: crdesign	Respond to of 35685

Volt, Thanks for another great lesson! Are there any books that expand on your philosophy? I'm still having trouble getting all the synapses to fire in succession. An owners manual would really come in handy for me. If you could recommend something basic I would be grateful. eg: 1+1=2 or red mixed with blue makes purple, when laying sod, be sure it's green side up. You get the picture. Tim (A lollypop kid wannabe)

To: Voltaire who wrote (8167)	3/19/2000 8:09:00 PM
From: uel_Dave	Read Replies (1) \| Respond to of 35685

Thanks V for Part 5 - Just a couple of points of information /questions: Bebo must assume that he can buy back the calls during the April expiration at $11.5 ( I assume that he sold the April 132s at $14 on 15 contracts) to provide his $3700 for the house and car. Does Bebo buy these back at $11.5 or less on the Thursday before expiration day or sooner? What happens if QCOM is greater than $146 at expiration? What will Bebo do then since he has already spent the $3700 and must pay a higher price to buy back the calls, if he wants the stock. Would he roll up the call or just use his margin ( since his stock has appreciated ) to buy back the calls if such news has increased QCOM stock price to pass the combination of the previous strike price plus premium? TIA, David PS: Tom, I realize that we are not trying to get the nth return out of the return out of the call, but some months we win and others we lose and must have a contingency plan.

To: Voltaire who wrote (8167)	3/19/2000 8:26:00 PM
From: elpolvo	Read Replies (2) \| Respond to of 35685

bobo to volo- like tim, i can't get past the gotcha of capital depletion if you encounter a couple of months or more of declining stock value. 1. if i end up writing lower ATM strike prices in the ensuing month(s) and get called out, isn't that a loss of capital? 2. do i immediately repurchase the underlying stock at the higher price? or do i roll into the next month's ATM CC? 3. if i do that, do i still have premium income for both months? i'd be more than happy to be the living guinea beano of the porch if you would be willing to direct my moves publicly in porch posts for a while until the strategies become clear to us blockheads. my transfer of assets to accutrade is complete and i can write covered calls tomorrow. are you interested in putting your mouth where my money is in public? i'm not shy about it. -el bobo

To: Voltaire who wrote (8167)	3/19/2000 9:01:00 PM
From: Jeffry K. Smith	Respond to of 35685

V - what a laugh riot! And a great review of a strategy a.k.a. "philosphy" that I started using years ago, but after many deviations (and failures), think I may finally have down. Best, Jeff Smith

To: Voltaire who wrote (8167)	3/19/2000 10:53:00 PM
From: Sully-	Read Replies (1) \| Respond to of 35685

"......And finally, one must be willing to put quality of life and stress reduction ahead of projected potential " pie in the sky " fortunes." Voltaire, I have to admit that you make a persuasive argument. Admittedly, I have hung on to that projected potential pie in the sky fortune with both fists; there is much to say about reducing stress & improving the quality of one's life in the here & now. Me thinks it's time to quit chasing that dream with every last dollar in my account & put some of it to work improving the REAL LIFE I am currently living. Thanks once again for your selfless contributions to my well being ;-) w2