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To: bonnuss_in_austin who wrote (23613)	6/25/2000 7:44:00 PM
From: Mannie	Read Replies (2) \| Respond to of 35685

GE might be a great place to start Bonnie. You aren't going to get 10-15% monthly premiums, but you also aren't going to get the volatility either. GE is at $49.25 as of friday, if you write July 50's at 1 3/4, that is a return of 3.5%. If you go out to Aug. 50's at 2 3/4, that is a 5.5% return. Scott

To: bonnuss_in_austin who wrote (23613)	6/25/2000 11:27:00 PM
From: Dr. David Gleitman	Read Replies (1) \| Respond to of 35685

Hi (again )BIA: Regarding selling cc's. When I was a holder of AOL, I have always used the open interest as a gauge for where the stock will close by options expiration about 2 weeks prior to options expiration. I would usually sell the cc's at or at a stike price just above the max open interest. I was neve taken out (which was my intention), but I was always able to gain a few points of premium for about the 8 month peiod that I was selling cc's for AOL. I have also found that AOL would always close right below the stike price of maximum open interest, even by as little as an 1/8 of a point below the stike price. That was my experience. Hope this helps, David