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To: robwin who wrote (32626)	6/3/2000 8:34:00 PM
From: Charles Tutt	Respond to of 64865

I think what happens is you will suddenly find you have written covered calls against twice as many (assuming a 2:1 split) shares at half the strike price (ditto) without further premium. But I don't claim any expertise in that area, so it's JMHO.

To: robwin who wrote (32626)	6/4/2000 1:48:00 AM
From: fuzzymath	Respond to of 64865

Robwin, I think you can feel 100% certain that whatever happens will be fair -- it will be as though the split never happened. Charles' opinion is quite reasonable. Either that will happen, or something else that is somehow equivalent. It must be this way, or else the market in a stock would go crazy every time a stock split. To really find out exactly what happens, contact your options broker. I'd expect neither to make extra money nor lose money simply because the stock split. Kevin