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To: Curtis Brown who wrote (6629)	3/14/1999 3:56:00 PM
From: musea	Read Replies (1) \| Respond to of 41369

Curtis, Thanks for the URL. I think that the targets might be a bit conservative, too. I've never written covered calls, but I never buy stocks I don't want to hold for a big appreciation. I'd hate to have my shares called away even though I'm making money. What you've done is guaranteed yourself a return at the cost of capping your return. This works well for people who are capable of making many short-term investments. I seem to find it difficult for some reason. What I've done is to buy LEAP calls on stocks I want to own. When the calls have increased in value, I sell some to cover my costs and then ride the other calls to maturity and exercise them. It's an incredibly conservative and boring technique, but it gets me additional shares for a discount (assuming the stock goes up!), and the discount was free. My return is also not capped, although I am not guaranteed a return like you are. -musea