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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: willcousa who wrote (41718)	1/27/2001 4:10:41 PM
From: Jerome	Read Replies (1) \| Respond to of 70976

Willcousa, we have a bit of confusion here. Gottfried pulled up the makeup of the Trust. But this trust has a stock symbol...SMH which closed on Friday at $56.00 per share. And its these shares that are optionable. If you bought the trust the fees are very minimal because it is an unmanaged basket. I will try and check with a broker on Monday to get more exact information. Gottfried. pertaining to options... I looked at these on Friday and when the stock was at 53 the Feb. 55's were at 2 1/4. For a covered call write that ain't bad considering there are only three weeks of time value left. The nice part about this position is that it would take a tremendous fall off of all the stocks for this to hurt you. Now if you think that INTC, AMAT and TXN are all going to drop 20% in the next three weeks don't do this.Again keep in mind that these top three holdings are about 45% of the basket. Jerome