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To: Don Martini who wrote (81232)	11/19/1998 12:06:00 AM
From: Marq Spencer	Respond to of 176387

OT. Don, Can you please tell us the MSGP option symbol? Thanks. - Brian.

To: Don Martini who wrote (81232)	11/22/1998 6:55:00 PM
From: BGR	Respond to of 176387

Good evening Don Martini, What you mention here is a margined covered call writing strategy which in turn is equivalent to selling naked puts e.g. JAN 60P for 10 1/2 (well they are at 11 1/2 now as it seems that the stock has slipped a bit). This requires less commission and has the same profit and risk profiles. My general principle is not to get involved in too complex strategies. I try to boil them down to simple cases using the put-call parity equation which is call - put = stock - strike (RHS discounted by interest rates, negligible for short term options close to the strike). And you know that I do not sell naked puts! :-) Presently I have no option trades going on as I am involved in a very interesting and demanding project at work and cannot focus on the markets on a daily basis. But I will be back in January to trading DELL options. Will post my trades then. -Apratim.