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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: Tim O. who wrote (1495)	6/18/2000 8:43:00 PM
From: KFE	Respond to of 2317

Tim, I just don't want to overweigh myself on CEGE (can't be too confident about one stock). Agree, always good advice. I'm waiting for Jun expiration to initiate some Jan covered calls Should also look into writing straddles against long position. Your downside break even point will be about the same as covered call writing but your return will be approximately double. The risk on the downside is doubled once it goes below your break even point (which should be substantially below current price)but that can be limited by making your stop point the expiration break even point. Regards, Ken