Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Curlton Latts who wrote (22319)	6/27/1999 10:10:00 AM
From: Jerome	Read Replies (1) of 25960

A reasonable option strategy for CYMI. In as much that CYMI has not appreciated to new highs as some of the others in the semi-equipment group, it may be just a matter of timing. After reviewing the price of options on others in this group, I believe that the most favorable option would be the AUG. 20 calls that closed at 4 x 4 1/4. They are two points in the money and will appreciate with a decent earnings report. At the same time I would attempt sell some AUG 25 covered calls at a limit of three. This limit could be raised if CYMI starts to move past 25. I have no idea where CYMI will trade for the next six weeks, but I don't see it breaking 30 before Aug. 20th. If Monday and Tuesday start off as down days in anticipation of the Fed report, and CYMI also trades lower I would try to buy the AUG. 20 calls at a limit of 3 3/4. If they are up days I would buy at a limit of 4 1/4. Keep in mind that options are always risky, and these are just my opinions. My motto for trading options is: "Today try not to do anything stupid" Good Luck to all. Jerome

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