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To: Tom Trader who wrote (27507)	10/30/1997 4:29:00 PM
From: Electric	Respond to of 58727

Tom, Sorry that was a booboo, I knew you meant sell put, to generate the income to lower your basis to get where you want to. In this market it looks like a smart move regardless of you wanting to make a position.. ~gggg~ But why the puts so far out, are you selling puts along the way say in Dec too to keep lowering your basis?? Now I know that the potential is steep if the stock moves on you, but you sell the put position out further etc.. I am gathering from reading your and Judy's posts that you are in these positions already, and adding to them. I think my short-termness gets me in trouble a bit too much.. I think I gotcha on it.. thanks! Electric