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Strategies & Market Trends : Options

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To: edamo who wrote (5028)3/16/2000 10:07:00 PM
From: steve mamus   of 8096
 
Ed,

Thanks for your thoughts.
TXN to me of most interest.
I added to my collection of put sales yesterday when TXN cracked 150.
PMCS down 38 was of interest and I sold puts.
As I understand it PMCS has profit margin of 80% the best of the large chip makers. Yesterday was a gift and I took advantage.
GLW trades like it is bipolar. It is a good traders stock. It has repeated largely inexplicable drops with large airpockets in its stock price which one can take advantage of. I was interested in your price strike of 160 and have written a # of those on my short term plays. The bulk of my position in GLW is in long term puts with strike of 110 which I sold when when GLW was in the low 140's. They will report excellent earnings and I expect a stock split announcement in the next 45 days or less. This is IMHO RE: stock split. They are long over due.

DoK
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