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To All, I just want to note that I have bought my second third of puts
on Micron today. There is a late expiration date in September, so I
bought 17 1/2s. The expiration date is important as Micron reports
the second week of Sept. If experience is any teacher, their report
will look much different on the surface than it does in reality.
Remember the sneaky capital gain they tried to foist off as operating
income last quarter. So, it is nice to have a few days for the truth
to ooze out of this slimy critter. I have also bought my first third
of Atmel puts again today. This is actually where I planned to buy
my second third, but after twice taking profits near 22, I got caught
up with a rising stock and the puts holding at a high
price. They call that
volatility expansion and, as a buyer, I think it sucks. -g- Anyway,
this dog made it over 31 before I finally got the premium I wanted.
I'm glad I waited, but I will probably put the second third on sooner
than usual now. Good luck, MB |
