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Technology Stocks : KEMET Corp.
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To: drsvelte who wrote (198)7/20/2000 10:57:32 PM
From: SJS   of 906
 
Doc,

I wasn't following those, so I can't correlate the action all that well.

It is conceivable that the long July 35 were closed (at a profit), and he/she move the contract down to 30. The mention in the KEM options "news" on June 15 was that the writer went LONG puts for July, the 35's. I'll bet its a roll down to the lower strike.

I, in the meantime, rolled my short puts down to 25. I was going to short the 30's for bigger premium (Thean school of put writing, this time....) however I need more breathing room with a big buyer at 30.

The short 30's puts for July were profitable, and the swap to 25 for August was almost an even swap. price wise.

So......if put, my basis would be almost under 21. Pretty incredible. Let's see how it flies..

Steve
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