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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: jaytee who wrote (13138)	8/14/2000 12:03:00 AM
From: Tom K.	Read Replies (1) \| Respond to of 14162

Re: retired income Jaytee, My mother had GE shares from when my father retired. She kept them in a drawer as her security (just in case of whatever). However, she needed more cash flow. I put the shares in an account for her, and I use the margin it provides to conservatively trade options. She now gets $1K/month in extra needed cash and can check the statement each month to see that the GE shares are still there. I don't trade against them because she doesn't want them to be taken away. Just an idea to consider for your in-laws. Good luck. Tom

To: jaytee who wrote (13138)	8/14/2000 10:44:42 PM
From: Herm	Respond to of 14162

Hello Jaytee, I was going to say to eventually tap some margin to make it a full 600 shares and go with the March CCs for the first round. The stock has not been around long enough to figure out what price range it will level out at. By the way, that is about the only time I suggest using margin in order to round off to an even lot and make some more income. See they have a background in the auto biz they should stick to everything around that industry group and play it to the upside and downside. You can make money in both directions you know.