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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Amy J who wrote (131286)	3/30/2001 9:25:33 AM
From: willcousa	Respond to of 186894

I generally set buy-in prices when I write the calls and place the buy orders then and there. I have done it by trial and error and now generally write for 10 or up premiums and set buy-ins at 2. This has been working well since I started in earnest in June. The 10 premiums are much harder to come by now. They have been moving out as would be expected in a down market. The buy-ins tho have not become much cheaper. There is a real lag between option prices and stock prices which seems to provide an early warning. That observation needs a lot more testing tho.

To: Amy J who wrote (131286)	3/30/2001 9:46:42 AM
From: Elmer	Respond to of 186894

Hi Elmer, how is your call writing strategy coming along? I have increased the # of shares high-tech stocks (at current 'generic' price) by 25% now. So far so good (from the perspective of increasing shares) I'm doing better than I would otherwise and I too have increased my share count. The more CCs the more shares. The more shares the more CCs. Right? Bring the calls in or push them out? Don't know what you mean by this. EP