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To: edamo who wrote (113407)	3/30/1999 10:56:00 AM
From: tony sidhu	Read Replies (5) \| Respond to of 176387

edamo, consider the following example: i wrote 42.3 April calls few minute sago against my DELL position..the preminum currently 1 1/4. So from my understanding as long as the stock stays below 43.75(42.5 + 1.25)..i will collect the premium. if the stock closes at 45 or 45+, i will have the shares called back, is this correct? kindly, let me know if my interpretation is correct! thanks tony

To: edamo who wrote (113407)	3/30/1999 10:57:00 AM
From: TigerPaw	Read Replies (2) \| Respond to of 176387

correction ... begins write covered calls I've tried and not done well. The problem is I can't seem to figure when a correction begins, but I can recognize when there has been a 20% decline and people are screaming that the sky is falling. For every call I wrote when a correction begins, I have written another which I either bought back at a loss or just let the stock get called. (Maybe I use too short a term of calls?) TP - (who will be paying off the margin today)