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To: lurqer who wrote (19339)	5/18/2000 10:39:00 PM
From: cowgirl-ona-1eyed-horse	Read Replies (2) \| Respond to of 35685

lurqer, I only VERY RECENTLY have started writing CC's, so I don't have alot of experience. I always seem to learn things the hard way. Maybe I can save you some frustration and $$$ too. Here are some things I've learned... Never write a market order online for covered calls (or any other option, I suppose), always a limit order. The order can go to one of several exchanges, and they don't always offer the same bid. (Your order may not go to the exchange offering the best bid) I use Waterhouse. The bid showing on their real-time quote is not always correct. In the future, I will call a Waterhouse options trading #, ask for the bids, and place the order through them. I figure it's worth the few extra bucks in commission to execute a more favorable trade. (It's only a 10% commission discount for online trades at Waterhouse) Best to check with your broker about details. cowgirl

To: lurqer who wrote (19339)	5/18/2000 11:12:00 PM
From: bobkansas	Read Replies (1) \| Respond to of 35685

Here are some books on options (not in any order of priority): OPTIONS, Chicago Board of Options Exchange ALL ABOUT OPTIONS, Wasendort OPTIONS FOR THE STOCK INVESTOR, Bittman GETTING STARTED IN OPTIONS, Thomsett WALL STREET MONEY MACHINE, Cook SURE-THING OPTIONS TRADING, Angell OPTIONS: A PERSONAL SEMINAR, NYIF LEAPS, Roth TRADE OPTIONS ONLINE, Fontanills THE OPTIONS COURSE, Fontanills THE OPTIONS COURSE WORKBOOK, Fontanills THE OPTIONS ADVISOR, Schaeffer HOW TO MAKE MONEY WITH STOCK OPTIONS, Hecht OPTIONAL WEALTH, Sherman and Whittaker None of the above is perfect and I have no favorites. The best book on writing covered calls has yet to be written. Good primer on this is Allen's MULTIPLE STREAMS OF INCOME (Chapter 7). Just released. Look at AMAZON, put in "options" as key word and 25 plus books will show up. Voltaire's comments are really the best for the real world. None of these books really compare. I have a notebook of printouts of V's posts and replies, questions, etc. from others. I read them with a yellow highlighter and re-read them tell I get it. Second, I will share experiences as I go along. Much yet to learn although much may be "noise" as to options. Hope that helps. Bob