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Politics : Formerly About Applied Materials

AMAT 322.73

+6.1%

Feb 6 3:59 PM EST

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To: John E. Rylander who wrote (8711)	10/16/1997 7:51:00 PM
From: Tech Buyer	of 70976

For those who are into writing covered Calls, here are today's closing quotes for AMAT November Call options. Strike Price, Bid, Ask, Symbol NOV 45.0 3 1/4 3 1/2 ANQKI NOV 47.5 2 1/4 2 9/16 ANQKW NOV 50.0 1 1/2 1 5/8 ANQKJ NOV 52.5 1 1/8 1 3/8 ANQKX NOV 55.0 5/8 7/8 ANQKK Suppose one buys 1000 shares @ 45 and write 10 Calls on those shares. These are the immediate percentage gain from the premium (using the Bid price), and the percentage capital gain if it is assigned next month. The last column is the total gain (excluding commissions.) ANQKI 7.2% 0% 7.2% ANQKW 5.0% 5.6% 10.6% ANQKJ 3.3% 11.1% 14.4% ANQKX 2.5% 16.7% 19.2% ANQKK 1.4% 22.2% 23.6% The tricky part is guessing where it will expire next month. Personally, I would wait until the share prices are up before writing the calls.

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