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To: PAL who wrote (88682)	1/12/1999 1:11:00 AM
From: His Pinkness	Read Replies (1) \| Respond to of 176387

Thanks for your answer. You play it a bit risker than I. I couldn't think about selling puts on AOL or some other internuts. You write about taking the proceeds from the put sale and rolling them into a call buy. I'm not sure how that works because in my account the brokerage holds a certain amount of the assets in my account in reserve whenever I sell naked puts. As a result, the accounting of the account does not seem to truly provide added liquidity with which to purchase calls. Good luck.