Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 281.13

-3.8%

12:54 PM EST

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To: Jacob Snyder who wrote (10255)	11/2/1997 5:43:00 PM
From: Steve Byers	of 70976

I agree with your comments about margining here rather than leaps... you have the advantage of participating in the cash market with its liquidity... rather than in the far forward market... I went thru the same thought process this morning, considering leaps of 00 at 35 which I think were around 14... then considered margining at 16.5... the one difference is I might margin long here and sell leap puts at 00... I've generated alot of cash writing puts and calls over the last couple of months and think there's little chance of amat being under 50 or 60 at a bare minimum two years from now...even 9 months from now... will talk to my broker tomorrow... if the leap puts go deep out of the money, I'd sell them to eliminate any margin and take in the cash...interesting... thats another trade for tomorrow... good luck... but agree with your thinking on the margining and came to the same conclusion myself this morning...

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