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To: elpolvo who wrote (8290)3/20/2000 1:32:00 PM
From: Voltaire  Read Replies (1) | Respond to of 35685
 
elpolvo,

what is happening to QCOM today is another good reason for writing the calls. We do not write just for the income but also for the downside protection it provides. If you were covered on QCOM today your loss per share would be roughly $2 as opposed to $6.

You would almost have to say the following is a no-brainer:

Dear Mr. elpovitopop,

We have decided to not only give you so much income per month but we will also protect your stock up to almost two thirds of any loss you might have.

Yours truly,

Mr. Fool

V



To: elpolvo who wrote (8290)3/21/2000 1:54:00 AM
From: Dr. David Gleitman  Read Replies (1) | Respond to of 35685
 
Where the hell are my manners:

A HAPPIEST OF BIRTHDAYS TO YOU

OK, So, I'm a day late (if you take the time premium off your birthday and divide it taking into account the LEAP year and multiply it by the number of posts seen on any third tuesday that could have been a sunaday, if you went to Carvel.....

David


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