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To: Jeff Sutton who wrote (13644)	8/31/1998 2:19:00 PM
From: Jenna	Respond to of 120523

Jeff, I've never done it. I've read about it in MacMillan but never actually tried it. I tend to stick to the simple just buying and selling puts and calls. The fact that I couldn't hang on the either TRV and BKB shows me that I'm not quite ready to go long yet on them. If I did I think I would contemplate that. Actually it's taken me 6 months to learn how to buy puts successfully, I'll need another 3 months to feel confident selling covered calls. But I think that it's time I went back to MacMillan re-read the chapter.