Mike, Thanks for the suggestions.
-you wrote-
"Tonight we're gonna party like it's 19999. "
I always thought that you were ahead of your time.-g-
OK, so you are recommending a paired trade of sorts: Sell the 45's(one-half) and, with the proceeds, buy the 35's and 30's, in equal amounts. Honestly, I hadn't thought of exactly that but had thought of rolling down to 30 or lower. But, you see, I already have Oct 25's so I'm wondering if I'm not already covered here. What I was thinking about last night was another paired trade. This would involve selling the MU Oct 45's(one-half) and with the proceeds, buying TXN Oct 110's and 100's. My reasoning is that MU may show lousy earnings but sugar coat them with a bunch of company specific moves that it is making outside of their normal DRAM efforts(i.e. - micro-stump, 'bedded' DRAM[g]). This sugar coating won't help the perception of TXN's next earnings report in Oct one wit and I expect that the stock will be down in sympathy to a weaker than predicted quarter for MU. Besides that, TXN's stock seems to be horribly overvalued. Also, if TXN is going to have a bad quarter they will have to be admitting this no later than one week from this Tuesday, and if they do....
Regards...Craig |
