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To: Mannie who wrote (29973)	8/21/2000 2:12:38 PM
From: RocketMan	Read Replies (2) \| Respond to of 35685

I think you created a tailor made example that may be misleadingly negative. No, actually, I made up a simple example for the post. In reality, I wrote a small excel spreadsheet, and used a random number generator for the stock prices, using an average price of $100 per share, but with a spread from $70 to $130. I ran this out for a year, and tried different random samples, and found that I always lost with the simple approach, sometimes much more than in that example. In October I think you have yourself buying shares that you already own, that you didn't get called out of. You're right, I should not have said that you buy them, since you already own them. It does not change the result, since I did not use additional funds for the buy, and still credited the call sale. I'm glad you are getting such a great return. Let me ask you some questions: How long have you been doing CCs? Do you use a simple approach, as in my example, or have you had to roll up or down very much?