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Technology Stocks : Pixar Animation -- Ignore unavailable to you. Want to Upgrade?

To: Linda Kaplan who wrote (1864)	12/2/1998 8:57:00 PM
From: gizelle otero	Read Replies (2) \| Respond to of 3261

A Great Strategy for Nervous Pixar Investors (from Yahoo!) " I have been fully invested in PIXR for a few months now. When it goes down I smile, when it goes up I smile. How? By always being covered with the profits from the calls I sell each month. For example, In November, I sold the Dec 50 Calls at $4.25. I own 2000 shares of Pixar, so I wrote 20 covered calls and collected $8,500 dollars. This money I keep apart from my other money so that if Pixar is above $50.00 on Dec 18 (expiration of Dec options date), I can buy the calls back....probably for less than I sold them for. If Pixar closes below $50.00 on the expiration date, I just pocket the money or use it to buy more Pixar stock. Either way, I know I will not be forced to sell my beloved Pixar and I can make 10% or more a month selling the calls. I know Pixar has a firm future with Disney and Jobs as owners, so there is no worry with day-to-day movements in the stock. Try this strategy and you will be less nervous with more money in your pocket. " PS from Gizelle - - I have been doing the same thing for months and I now have 3000 more shares than I did in September at an average cost of $38.00.... What, Me Worry? I think not. Very good advice.