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Technology Stocks : 3DFX -- Ignore unavailable to you. Want to Upgrade?

To: Doug Fowler who wrote (2522)	4/23/1998 7:48:00 PM
From: Laptev	Read Replies (1) \| Respond to of 16960

They are making you fill out this form, because your brokerage firm needs to make sure you have read the Characteristics of Risk pamphlet and protect themselves from a lawsuit if you lose your shirt. Having said that, selling covered calls only requires level I approval, but you will need level III approval if you want to buy calls (much more risk in that you can completely lose your invested capital). I won't let myself buy covered calls anymore - I had bought the April Intel 85s back in December for 3/4. The stock started to run up and I sold them for 1 1/2 a few weeks later. Of course the run continued and they went as high as $15!!! The moral of the story is that they expired worthless the 3rd Friday in April. :)