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To: jjetstream who wrote (6291)	4/12/2000 9:30:00 AM
From: Cosmo Daisey	Read Replies (1) \| Respond to of 8096

jjetstream, Sooo Cosmo....I am to guess that you hold QQQ shares as an investment that you then write CC against....a few questions if you please.....do you write them monthly???....it would seem to me that with a tight strike price range (increments by the $1) provides a nice oppurtunity for an easy premium, with a much smaller chance at eroding any profits in the long share value????.....would you mind sharing your thought process when putting on the CC trades with QQQ....the trading range of the QQQ is very safe, no?...... I am new to the CC's on the Q's having traded them long/short instead. You are right about the tight strike range. I have been positioning on pullbacks and sell CC on a small recovery OTM by one to increase the 5% to 7 or 8. I write on less than 1/2 of my position and daytrade. I have a Apr 103 position that cost 95 that I put on the same day, an extreme price day. The two week return if called is 13.6%, pretty good. Yesterday I positioned @96. Looking at the chain I can write Apr 98's @4, two weeks 6 1/4 % or instead enter a limit Apr 100 @4 and catch a trade on a bump up that I think will happen today. Yield? Eight percent for two weeks. cdaisey@QQQ.edu