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To: freeus who wrote (6164)	2/13/2002 7:20:19 AM
From: horsegirl48	Respond to of 13815

Okay I will. What I have been doing is the stocks I have kept all the way down, :0( like a fool, instead of selling them at the low I have been selling calls on them and making my money back this way. I was able to get out of ntap and chkp at a 25% gain verus a 90% loss. What I do is when market starts a little rally I sell my calls, right now Im working on March calls. I looked at qqq options for March sold 4 contracts at 37 got 1.60 for it. Since chances r the market will not only go up by March expiration theres a good chance that I will be able to buy back my shares cheaper, this is what Ive been doing, the last time I sold the qqq I sold at 1.95 and was able to buy back at .60. Of course you run the risk that the market will zoom and your stock will be taken away from you. But at this point if it happens I dont care because I have made plenty of $$$ back. So its pretty easy, sell your calls when the market rallys and buy them back when it goes down.And if your lucky enough to have bot your stock at a good price, lets say qqq when they hit 34 you can sell March 34,35,36,37 at great profit!! and if they get taken away if you sold 37 you made 3 points plus the premium. Does this make any sense??