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To: tracyx who wrote (16762)	4/28/2000 7:55:00 AM
From: candide-	Respond to of 35685

Hi tracy, soooo glad you are feeling better.... re. cc buy back. As I'm sure you know, the option price always moves with the stock price. A good option will move about 50 cents to the dollar. So if you sold a cc for $10 when Q was at $100, and Q went to $90, the option would have gone to $5. So, assuming the situation says the market (and Q) will rebound, then buy back the cc at $5, let Q run, hopefully back to $100. Then resell the cc at $10. You have now netted an extra $5. Hope that makes sense. Have a great day, C-