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To: abuelita who wrote (16636)	4/27/2000 2:59:00 PM
From: Dealer	Read Replies (1) \| Respond to of 35685

Oh My gosh rose I can't tell you that.....I am only in QCOM and know nothing about JDSU...... I think it would depend on what you are trying to do. I hope we have seen some of the worst of this market. It might go back and forth until the middle of May and hopefuly we will move onward and upward...... Tom's strategy is to always cover with a little good common sense. He is out of town playing golf adn I can't cal on him.... When I was writing calls last year I wrote next month out on the money 5 out of the money or 5 in the money..... Hopefully someone else will help you.....If you are willing to be excercised the above formula will work....Since you are only doing 1/2 might not be so bad to cover. Anyone else???????? Please!!! There are a lot of folks on this board with a lot more knowledge than I. You might address Candide.....he deals in options and is usually around during the day and I wouldn't be surprised if he doesn't have a couple of shares of JDSU. Good Luck Rose! Love ya gal! dealer

To: abuelita who wrote (16636)	4/27/2000 3:01:00 PM
From: candide-	Read Replies (2) \| Respond to of 35685

Hi rose, FWIW I will cover tomorrow, at the money for May. eom C-

To: abuelita who wrote (16636)	4/27/2000 4:45:00 PM
From: bobkansas	Read Replies (1) \| Respond to of 35685

Using a put would be better than a covered call. If you want write a call then doing it in the money, at the money, or within one strike price out of the money would be the way to go. You want some protection on the downside and writing out of the money calls several strike prices away will NOT give you much if any downside protection. Think for yourself. Hope this serves to be some thoughts you can add to the mix. Best regards, BOB P.S. I am new to this so be careful with anything I say in regards to options. For me so far so good...but I can learn a heck of a lot more as time moves on.