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Technology Stocks : Micron Only Forum
MU 263.78+4.5%Dec 10 3:59 PM EST
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To: TREND1 who wrote (17521)8/11/1997 1:07:00 PM
From: Patrick Koehler   of 53903
 
Larry, I agree about a possible bounce. MU is off 10% from the high, in three days. I've sold 20 of my 30 Aug 55 puts. Mark says he covered his shorts. I think others will be covering out there, and MU may see 55, then back down. However, the premium on my puts are a full point with only four days left, and the premium will decay quickly.
Another reason to ext some of the puts.
By the way, someone pointed out the fact a week or so ago, that the Aug 55 puts are appropriately coded MUTK, for Micron-TomKurlak.
Patrick
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