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To: donald sew who wrote (35305)	2/20/1998 5:47:00 PM
From: The Perfect Hedge	Respond to of 58727

Donald- You asked for stocks right?CKR has had a nice pullback and it's fundamentals are great.It's one of the fastest growing co's in America.You may have seen a new fast food rest in Baltimore,Carl's Jr.That's them.Your thoughts on calls?GD

To: donald sew who wrote (35305)	2/20/1998 6:57:00 PM
From: MrBluff	Read Replies (3) \| Respond to of 58727

Donald, Lisa, Nemer, Betty, etc.. I have been following this thread (lurking) for some long time now. I will appreciate any candid opinions about the following idea. Take note of the disaster of the day (or a big mover). Sell calls that were in the money yesterday but are now out of the money because of the news. Wait a week or so and take your profit. It seems that the "fat" is always slow to melt out of the calls. An example would be CIEN today ( I sold July 50s for $3.75 at the end of the day when the stock was already down to 42 (but could have had more early in the morning.)) or CA when they announced their offer for CSC. ( It became obvious that the street was not going to approve of the action.) In particular I am interested in makeing a system of this that could be done by an idiot. Standing by for any and all comments. (thanks in advance)