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To: Danny who wrote (108477)	9/15/2000 7:35:14 PM
From: Jimbo	Read Replies (1) \| Respond to of 164684

Danny - I am not quite sure that I share your view on writing ccs on equities you own - I have been very successful doing so - especially this latest sell off. The point (and it takes time and analysis) is to pick your points to sell (& ultimately buy back the call). When the market rolls over (like it always does in Sept-Oct) write DIM ccs as your equity drops you are getting1 for 1 as it goes down - then buy back. It does take some work and nerves though.

To: Danny who wrote (108477)	9/16/2000 11:25:52 PM
From: Stewart D. Mackie	Read Replies (2) \| Respond to of 164684

Sounds like you are looking for an easy buck instead of approaching the covered call strategy as a way of incorporating a disciplined sell strategy for "good quality" stock.

To: Danny who wrote (108477)	9/18/2000 11:21:56 AM
From: Richard Bunker	Respond to of 164684

Danny, I have been very pleased with writing covered calls as a yield enhancer, in situations where I have already picked a target sell price. In this case writing the calls is almost like found money -- the only risks being a) I change my mind and wish I could sell at a different price, or b) the stock could pop up over my target, then dip back down before the option expiration causing me to miss a selling window. I find that this risk is often acceptable in situations where I am truly committed to a target sell price. Rick.