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To: Cosmo Daisey who wrote (6729)	4/19/2000 6:14:00 PM
From: RocketMan	Respond to of 8096

Good observations, Cosmo. This is a strange month, with lots of index puts and shorts, and large interests in calls on the tech leaders. Max pain is going to be hard to calculate. But I'm sure they will calculate it right and inflict max pain on everyone <g>

To: Cosmo Daisey who wrote (6729)	4/19/2000 6:14:00 PM
From: Poet	Respond to of 8096

Girl, you're some cook! I had clam chowda at lunch and my body is reliving memories of my recent go-round with oysters, so hubby's on his own. Cos, I want you to know that I took you up on the buy-write of QQQ yesterday at the close. I bought at 91 7/8 and wrote the April 92 calls, a nice 2 1/2% income for a couple days. I'll use the QQQ's as a cc-writing vehicle each month, a la Voltaire. I agree with you on the market. I'm very skittish too, though I sold puts on BRCM and JDSU today for a position trade into next week's first rally. Daytrading and position trading can be lucrative in this market. Did you catch my cc write on QCOM today when QCOM was 122? I got $1.75 for the 127 1/2 April calls. Embarrassingly easy money, but I'll take it. Enjoy your dinner and please pop one of Lof's Altoids after you finish your garlic bread. <ggg>