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Strategies & Market Trends : Tech Stock Options

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To: Kevin who wrote (6084)	3/17/1997 4:53:00 PM
From: Judy	of 58727

Hi, Kevin ... this morning I considered MU and AMD for a quick trade to short the puts. Darn if I didn't pick the wrong one, short the puts on MU and the stock didn't budge after the initial selloff. Although mf on MU was positive today, I closed my position at the end of the day for a fractional loss. Didn't want to hold thru earnings tomorrow. Even if MU has an upside surprise, options open 10 minutes after the market or it could take an half hour for the mm's to cycle thru the options before opening them and a selloff could be in high gear. Nice intraday move on INTC!

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