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To: Redman who wrote (3017)	11/17/1997 1:25:00 PM
From: Broken_Clock	Respond to of 95453

If you want to keep the stocks but feel the next 30 day trend is down, sideways or only slightly up then you should look into selling calls on what you own. If your position is light(less than 200 shares) in a given stock then the commissions may eat up your option premiums. I have allocated heavy into FGII. The stock has been drifting sidways to down. I've made money selling calls...selling Nov, buying back, rolling down and out to FEB. You must have a strategy with options. If you are selling calls you must want to hold the stock or be willing to be called out if it rallies.