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To: Allan Harris who wrote (32198)	9/8/2000 9:08:56 AM
From: im a survivor	Respond to of 35685

<<The Jan 100's are at 12. This is a nice premium, albeit with a lot of time left. But this time element allows some flexibility in the coming months to cover and write new strikes as per the stock movement, both up and down. >> Thanks allan. I did look at the Jan's as well. I not only dont want to go that far out, but if the positive thinking on this board is correct, January will bring a much higher price then $100. Additionally, long term CC's almost marry you to the stock...of sure, you can roll down, roll up, or just bail, but still, I find in my research that writing in the current month is the safest and most stress free way of doing things. Over the long haul, you are bound to have large swings, which if you try and play, you are hitting the casino bigtime, which is one of the things we try and cut down with with CC's. Additionally....if I can get $7 - $8 for an Oct 90, vs $12 for a jan 100, I feel like the oct gives me more flexibility to both keep writing cc's each month for additional premium and/or get to partake in a decent upward rise of the stock. Anyway, thanks for your thoughts....I did exactly as you say with some jdsu awhile back. I covered with Jan 170's. I got a decent premium, but in hindsight, I would have done far better then to write in the current month, and continue to do so as we move thru the year. I have looked into rolling out of my Jan 170's, but it never seems to make sense. Thanks again keith@letsseeabigdayforthenazplease!.com