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To: Shawn M. Downey who wrote (1984)	4/10/1998 1:34:00 PM
From: Oeconomicus	Respond to of 4722

Shawn & MP, on a run above $65, $70 calls about a month out carry a nice premium and, if the trading range holds, you'll get a chance to buy them back fairly quickly on a dip or you could just let them expire (I've done both several times just since January). Of course, if it does break out to the upside, your gain is limited. If it does go to the mid 70s and you end up in a month with 70 plus the option premium, that seems like a pretty good return from 65 or 66. The problem I see is that if the stock trades up with lots of time left on the options and you want to take profits or avoid a market collapse, you'll pay through the nose to close out the options. Good luck, Bob