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Politics : Formerly About Applied Materials
AMAT 297.52-6.6%Feb 4 3:59 PM EST

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To: Kumar Nathan who wrote (4501)5/14/1997 12:49:00 PM
From: Tito L. Nisperos Jr.   of 70976
 
Hi Kumar, the Jun 65 Calls (ANQFM) you mentioned have only about 30 days left to go that's why they're decaying faster now than say 2 weeks ago! Even those longer to expire options like my Oct 65 Calls are decaying as Friday's expiration for May approaches... The Bulls and Bears were having a Push of War between 61 3/4 and 62 3/4 most of the day. Now the Bulls are gaining ground above the 63 level. They are trying to define a trading range they are going to follow in the future ( 65 to 53,,,or 70 to 58 ? only time can tell...).
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