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To: SJS who wrote (19501)	4/17/1998 2:47:00 PM
From: Bazmataz	Respond to of 95453

Once again, for some reason, GLM actually down today...eom

To: SJS who wrote (19501)	4/17/1998 11:39:00 PM
From: David Musolff	Read Replies (2) \| Respond to of 95453

Steve Sohn, As our resident options expert I would like your comments on the following option idea. Your answer might be helpful to everyone who might use this on his or her stock. I have been thinking of selling a covered combination on FGII. This is my favorite stock holding-trading. ) All data on current prices. First buy 500 FGII at 35.5. Sell 5 puts May 35 for 2 1/4 (225.00 each) then sell 5 May 35 calls for 2 3/4. (275.00 each). At May expiration if stock is over 35 you keep 2 1/4 plus 2 3/4 for a total of 5 (500 each x 5 = $2500.00 total profit.) If under 35 you buy 500 for 35 - 5 or net price of 30. At this point you would have 1000 shares at 32.5 and could write June 35's or hold for the long term. Your thoughts on this verses just selling the puts. Thanks, Dave