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Technology Stocks : Micron Only Forum
MU 343.51+10.0%3:59 PM EST

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To: TREND1 who wrote (34455)6/5/1998 5:22:00 PM
From: Bipin Prasad   of 53903
 
Larry,

I agree with Khalil about cc on MU due to extreme volatility.
Sell naked puts only if you want to own them if it gets exercised.
Sell them when you think it's almost @the bottom to keep them. It's
a good time to sell 20p, 22.5p, 25p, or sell naked puts during July
sell off, then turn around to write cc for sep rally.

I keep less than 1/3 in equities these days and the rest cash for
options. I write lots of naked puts on ORCL to keep premium every
month and to get exercised during certain months. It meets my needs
for flexible hours lately. Hall might not like it because option is
not as efficient as equity market.
Stick with your good old 1/4 if
you ask me. Option fees are too high compare to deep discount
equity to day trade.


Hope it helps,

BPP(Bipin's partner)
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