Formerly About Applied Materials Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials

AMAT 281.58

-3.6%

Jan 8 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: FJB who wrote (41953)	2/8/2001 9:58:55 PM
From: Jerome	of 70976

Long, short, hedged? My largest positions are NVLS and LRCX followed by AMAT. I have written covered call against the shares I own. I also have smaller positions in ATML also covered and SSTI uncovered. I have some ASYT & KLIC but these are too far from a strike (17 1/2) to make them worth the risk. What I would like to see is a two day rally on these stocks so that I could write the March calls against the uncovered positions. I currently don't have and KLAC but I will have after this Friday if the stock price and the call premium come into alignment. I was talking to a broker friend of mine today and he said, "we got to diversify more", and I said, "we can't, because this is where the call premium is at at. Every month a few things work beautifully, and a few make me think that I was eating mushrooms when I figured out the math on the outcome." This months mushroom was SSTI. Jerome

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next