Subject: Re: 6/3 Options on RRS126-2sigma
This month has been very good, but I'm a long way from the previous high point of my portfolio.

Since the options are 6/3, do you run 3 overlapping sets of options,so you have one set expiring each month? Or do you simply do it once per quarter? What is your base vs active ratio (e.g.: do you have 10% of the money in options, 90% in cash)? How do you go about selecting which options to buy once you have located the set of stocks?

Thanks, G.